Korean American Association Of Greater Philadelphia Inc in Philadelphia, Pennsylvania (PA)
Table of contents:
| Korean American Association Of Greater Philadelphia Inc | |
| Employer Identification Number (EIN) | 510325643 |
| Name of Organization | Korean American Association Of Greater Philadelphia Inc |
| Address | 6101 Rising Sun Ave, Philadelphia, PA 19111-6010 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 06/1990 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $348,539 |
| Amount of Income | $69,484 |
| Form 990 Revenue Amount | $69,484 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Ethnic, Immigrant Centers, Services |
Non-representatives - add comments:
Amount of income in 2013: $69,484 (it was $74,666 in 2012)
| This organization: | $69,484 |
| Other organizations performing similar types of work: | $979,226 |
Assets in 2013: $348,539 (it was $346,607 in 2012)
| Korean American Association Of Greater Philadelphia Inc: | $348,539 |
| Other organizations performing similar types of work: | $630,192 |
Expenses in 2013: $67,552
| Korean American Association Of Greater Philadelphia Inc: | $67,552 |
| Other organizations performing similar types of work: | $980,422 |
Income to expenses ratio in 2013: 1.0
| Korean American Association Of Greater Philadelphia Inc: | 1.0 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 100.0%
| Korean American Association Of Greater Philadelphia Inc: | 100.0% |
| Other organizations performing similar types of work: | 91.4% |
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total revenue | $116,289 | $85,459 | $74,666 | $69,484 |
| Contributions, gifts, grants, and similar amounts received | $116,289 | $84,036 | $74,666 | $69,484 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $0 | $769 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $44 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $610 | $0 | $0 |
| Total expenses | $111,752 | $83,411 | $160,330 | $67,552 |
| Total net assets | $270,223 | $272,271 | $186,607 | $188,539 |
| Excess/Deficit for the year | $4,537 | $2,048 | $-85,664 | $1,932 |
| Net assets or fund balances at beginning of year | $265,686 | $270,223 | $272,271 | $186,607 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $186,607 | $188,539 | ||
| Balance Sheets | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total assets | $430,223 | $432,271 | $346,607 | $348,539 |
| Total liabilities | $160,000 | $160,000 | $160,000 | $160,000 |
| Net assets or fund balances | $270,223 | $272,271 | $186,607 | $188,539 |
| Other Information | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | ||
| Were any significant changes made to the organizing or governing documents? | No | No | ||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | ||
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | ||
| Amount of political expenditures, direct or indirect | $0 | $0 | ||
| Did the organization file Form 1120-POL for this year? | No | No | ||
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | ||
| Total amount involved | $0 | $0 | ||
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | ||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | ||
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $442,057 |
| Subtotal | $442,057 |
| Gifts, grants, contributions, and membership fees received | $438,692 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $3,359 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $6 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $443,489 |
| Public support | $442,057 |
| Subtotal | $822 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $822 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $610 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Southwest Key Programs Inc | 6002 Jain Lane, Austin, TX 78721 | TX | 1988-06 | $168,051,119 |
| 2 | Special Service For Groups Inc | 905 E 8th Street, Los Angeles, CA 90021-1848 | CA | 1952-05 | $50,738,448 |
| 3 | The National Alliance For Hispanic Health | 1501 16th St Nw, Washington, DC 20036-1401 | DC | 1988-03 | $11,406,852 |
| 4 | United American Indian Involvement | 1125 W 6th St Ste 400, Los Angeles, CA 90017-1879 | CA | 1975-11 | $7,541,439 |
| 5 | La Communidad Hispana Inc | 731 W Cypress St, Kennett Sq, PA 19348-2419 | PA | 1982-12 | $4,862,250 |
| 6 | Southern California Indian Center Inc | 10175 Slater Ave Ste 175, Fountain Valley, CA 92708-4702 | CA | 1969-07 | $2,801,336 |
| 7 | Vietnamese Social Services Of Minnesota | 277 Univerisy Avenue West, St Paul, MN 55103 | MN | 1987-12 | $1,397,787 |
| 8 | Walking Shield Inc | 22541 Aspan St Ste E, Lake Forest, CA 92630-6320 | CA | 1987-12 | $1,340,077 |
| 9 | South Texas Immigration Council | 4793 W Expressway 83, Harlingen, TX 78552-3606 | TX | 1979-05 | $1,331,747 |
| 10 | Small Tribes Organization Of Western Washington | 3040 96th St S, Lakewood, WA 98499-9395 | WA | 1975-08 | $1,153,287 |
| 11 | Strong Family Health Center | 1203 Oak St, Alturas, CA 96101-3225 | CA | 1982-11 | $1,139,772 |
| 12 | Centro Hispano Daniel Torres Inc | PO BOX 8652, Reading, PA 19603-8652 | PA | 1978-06 | $1,058,240 |
| 13 | Upper Bronx Neighborhood Assoc For Puerto Rican Affairs, Upper Bronx N A P R A Inc | 1997 Bathgate Ave, Bronx, NY 10457-4406 | NY | 1993-12 | $979,226 |
| 14 | The Puerto Rican Action Committee Of Salem County A New Jersey Non | 114 East Main Sreet, Penns Grove, NJ 08069 | NJ | 1990-06 | $960,133 |
| 15 | Hispanic Center Lehigh Valley | 520 E 4th St, Bethlehem, PA 18015-1804 | PA | 1972-02 | $683,730 |
| 16 | Accion Communal Latino Americano De Montgomery County Inc | 512 W Marshall St, Norristown, PA 19401-4641 | PA | 1977-10 | $617,796 |
| 17 | United Polish American Social Services Inc | 308 Walnut St, Philadelphia, PA 19106-3808 | PA | 1983-10 | $417,555 |
| 18 | Korean American Association Of Greater Philadelphia Inc | 6101 Rising Sun Ave, Philadelphia, PA 19111-6010 | PA | 1990-06 | $69,484 |
| 19 | Spanish Council Of York, York Spanish American Center | 225 E Princess St, York, PA 17403-2336 | PA | 1984-12 | $68,715 |
| 20 | Detention Resource Project Inc | 924 Cherry St Ste 514, Philadelphia, PA 19107-2411 | PA | 2001-02 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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