2024-05-15T19:00:47-05:00 2023-06-30 202227407 CKP LLP 3435 WILSHIRE BLVD STE 2240 LOS ANGELES CA 90010 990 2022-07-01 953779389 KOREATOWN YOUTH AND COMMUNITY CENTER KORE 2133657400 3727 W SIXTH STREET 300 LOS ANGELES CA 90020 JOE ST JOHN CHIEF OPERATING OFFICER 2133657400 2024-05-15 1 JOE ST JOHN XXX-XX-XXXX 0 KIHO CHOI P00545677 2134809100 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOE ST JOHN 3727 W SIXTH STREET 300 LOS ANGELES CA 90020 17245711 0 X WWW.KYCCLA.ORG X 1982 CA TO PROVIDE A CONTINUUM OF COMMUNITY-BASED SERVICES TO THE CHILDREN AND FAMILIES OF KOREATOWN. 17 17 244 1926 0 0 12902467 15228177 1778869 1909385 0 0 608636 26656 15289972 17164218 0 0 0 0 9193875 10729382 0 0 745191 5202608 5487096 14396483 16216478 893489 947740 7369256 10385335 2055843 4092177 5313413 6293158 X KYCC'S PROGRAMS AND SERVICES ARE DIRECTED TOWARD RECENTLY IMMIGRATED, ECONOMICALLY DISADVANTAGED YOUTH AND THEIR FAMILIES, AND PROMOTE COMMUNITY SOCIO-ECONOMIC EMPOWERMENT. 0 0 3108911 287291 KYCC'S ENVIRONMENTAL SERVICES UNIT PROVIDES A RANGE OF VALUABLE FREE SERVICES TO THE RESIDENTS OF KOREATOWN AND ADJACENT AREAS INCLUDING CENTRAL AND SOUTH LOS ANGELES. THE URBAN FORESTRY PROGRAM CONSISTS OF TREE PLANTINGS, TREE MAINTENANCE, AND RELATED LANDSCAPING SERVICES. THE COMMUNITY BEAUTIFICATION PROGRAM OFFERS FREE GRAFFITI REMOVAL, LITTER ABATEMENT, AND BULKY ITEM PICK-UP SEVEN DAYS A WEEK. COMMUNITY ENGAGEMENT EFFORTS WHICH INCLUDE TREE GIVEAWAYS, NEIGHBORHOOD CLEAN-UPS, ENVIRONMENTAL EDUCATION WORKSHOPS, AND VARIOUS WORKFORCE DEVELOPMENT PARTNERSHIPS REMAIN AT THE CORE OF THE PROGRAM GOALS. KYCC IS DEDICATED TO BEAUTIFYING AND GREENING OUR NEIGHBORHOODS AND IN SERVING THE COMMUNITY TO REALIZE A HEALTHIER, MORE SUSTAINABLE COMMUNITY FOR EVERYONE. 3672064 126731 THE COMMUNITY ECONOMIC DEVELOPMENT SERVICES UNIT STRIVES TO IMPROVE THE FINANCIAL STABILITY OF LOW INCOME RESIDENTS BY PROVIDING FREE TAX PREPARATION SERVICES AND LINKING THEM TO VARIOUS FINANCIAL CAPABILITY BUILDING SERVICES. KYCC'S ASSET AND CREDIT BUILDING PROGRAM, AND FINANCIAL EDUCATION AND COACHING SERVICES SEEK TO IMPROVE FINANCIAL STABILITY OF OUR CLIENTS. KYCC PROVIDES EARNED INCOME TAX CREDIT OUTREACH, LOW INCOME TAXPAYER CLINIC SUPPORTS INDIVIDUALS WITH TAX CONTROVERSIES, RENTAL AND UTILITY ASSISTANCE. FINALLY, KYCC OFFERS A SMALL BUSINESS DEVELOPMENT PROGRAM TO PROVIDE TECHNICAL ASSISTANCE AND WORKSHOPS FOR SMALL BUSINESS OWNERS IN AND AROUND KOREATOWN. 2783035 16379 THE CLINICAL SERVICES UNIT OFFERS CULTURALLY COMPETENT MENTAL HEALTH SERVICES FOR LOW-INCOME CHILDREN, YOUTH, AND THEIR FAMILIES. INDIVIDUAL, GROUP, AND FAMILY THERAPY IS PROVIDED FREE OF CHARGE IN OUT-PATIENT, SCHOOL-BASED, AND IN-HOME SETTINGS THROUGH CONTRACTS WITH THE COUNTY DEPARTMENT OF MENTAL HEALTH, COUNTY DEPARTMENT OF CHILDREN AND FAMILY SERVICES, AND OTHER FUNDERS. SERVICES ALSO INCLUDE MEDICATION MANAGEMENT, INDIVIDUAL AND FAMILY-BASED CASE MANAGEMENT, CHILD ABUSE PREVENTION/INTERVENTION, AND PARENTING EDUCATION. ALL SERVICES ARE AVAILABLE IN ENGLISH, SPANISH, AND KOREAN. 5879678 1479244 KYCC PROVIDES YOUTH SERVICES, KIDS TOWN, AND PREVENTION EDUCATION SERVICES. YOUTH SERVICES INCLUDE AFTERSCHOOL PROGRAMS FOR YOUTH FROM 1ST GRADE THROUGH HIGH SCHOOL. KYCC ALSO OFFERS A FULL-DAY SUMMER CAMP AT AN AFFORDABLE PRICE. KIDS TOWN SERVICES INCLUDE EARLY CHILDHOOD EDUCATION FOR CHILDREN AGES TWO AND A HALF MONTHS TO FIVE YEARS. THE PREVENTION EDUCATION UNIT PROVIDES PREVENTION EDUCATION WORKSHOPS BY WORKING WITH YOUTH, PARENTS AND THE LOS ANGELES UNIFIED SCHOOL DISTRICT (LAUSD). THESE WORKSHOPS INCREASE COMMUNITY PROTECTIVE FACTORS, INCLUDING SOCIAL AND EMOTIONAL LEARNING, AND RESILIENCY, AS WELL AS DEVELOPING OPEN COMMUNICATION BETWEEN YOUTH AND PARENTS. THE PROGRAM ALSO DISCUSSES FACTS AND KNOWLEDGE ABOUT SUBSTANCE ABUSE AND PROVIDES PARTICIPANTS WITH THE TOOLS FOR BUILDING HEALTHY FAMILIES. KYCC ALSO BUILDS COALITIONS THAT ADDRESS POLICIES THAT ARE HEALTH-FOCUSED, INCLUDING REDUCING ACCESS AND AVAILABILITIES TO SUBSTANCES IN COMMUNITIES OF KOREATOWN, PICO-UNION, AND WESTLAKE. THE OUTCOME IS BUILDING RESILIENT AND EMPOWERED COMMUNITIES THAT REDUCE THE RATE OF SUBSTANCE ABUSE AND THE HARMS THAT ARE ASSOCIATED. 5879678 1479244 15443688 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 30 0 1 244 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X JOE ST JOHN 2133657400 3727 W SIXTH STREET STE 300 LOS ANGELES CA 90020 TED KIM PRESIDENT 2.00 X 0 0 0 TEDDY ZEE VICE PRESIDENT 2.00 X 0 0 0 FRANK LOPEZ SECRETARY 2.00 X 0 0 0 VIVIAN I KIM TREASURER 2.00 X 0 0 0 WONTAE CHA BOARD OF DIRECTOR 2.00 X 0 0 0 EDWARD K KIM BOARD OF DIRECTOR 2.00 X 0 0 0 KAREN S KIM BOARD OF DIRECTOR 2.00 X 0 0 0 PAUL TKIM BOARD OF DIRECTOR 2.00 X 0 0 0 PETE KIM BOARD OF DIRECTOR 2.00 X 0 0 0 RICHARD KIM BOARD OF DIRECTOR 2.00 X 0 0 0 SANDRA LEE BOARD OF DIRECTOR 2.00 X 0 0 0 JONG C KIM BOARD OF DIRECTOR 2.00 X 0 0 0 EDWARD PAI PHD BOARD OF DIRECTOR 2.00 X 0 0 0 FRANCES PARK ESQ BOARD OF DIRECTOR 2.00 X 0 0 0 NITA SONG BOARD OF DIRECTOR 2.00 X 0 0 0 PATRICIA L WATTS BOARD OF DIRECTOR 2.00 X 0 0 0 BETTIE J WOODS BOARD OF DIRECTOR 2.00 X 0 0 0 JOHNG HO SONG EXECUTIVE DIRECTOR 40.00 X 219135 0 50235 JOSEPH ST JOHN CHIEF OPERATING OFFCER 40.00 X 149284 0 23051 FRANCESCA LERUE CHIEF PROGRAM DIRECTOR 40.00 X 157028 0 31623 525447 0 104909 2 0 1 0 0 2036400 11647664 1544113 125096 15228177 KID'S TOWN 624410 615122 615122 SUPPORTING HOUSING 721000 584184 584184 ENVIRONMENTAL SERVICES 811000 287291 287291 YOUTH SERVICES 611710 138905 138905 ECONOMIC DEVELOPMENT 561499 126731 126731 157152 157152 1909385 81493 2036400 81493 0 OTHER REVENUE 900099 26656 26656 26656 17164218 1936041 0 0 X 414635 17589 357597 39449 8220949 6842100 1073295 305554 198659 144325 42774 11560 1213977 1005830 169216 38931 681162 550198 105129 25835 360 360 64000 64000 2717718 2428082 175347 114289 181568 173437 371 7760 90460 66420 13411 10629 116346 70354 42926 3066 664871 576267 67199 21405 16434 11852 4582 23202 6576 816 15810 135352 60282 75070 87854 15816 72038 PROGRAM EVENTS, SUPPLIE 1067919 1022013 45365 541 AUTOMOBILE 171394 169482 309 1603 TRAINING 129742 77310 22942 29490 BAD DEBT EXPENSES 17422 17422 2454 2188333 -2300566 114687 16216478 15443688 27599 745191 1861243 1535124 13152 4361 3774263 5295562 91410 126321 3259467 1884643 1306445 1374824 318178 315062 4565 1734081 7369256 10385335 959330 1279152 1096513 1093885 0 1719140 2055843 4092177 X 5090496 6242741 222917 50417 5313413 6293158 7369256 10385335 947740 32005 0 X X 0 1 X 1 1 1 X 8411681 9326659 12159813 13343626 15127817 58369596 8411681 9326659 12159813 13343626 15127817 58369596 58369596 4494 4774 31293 0 20921 61482 112088 349753 84574 633671 1180086 59611164 8006336 0.97920 0.97400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2730749 1461450 1269299 528718 423193 105525 1374824 OPERATING RIGHT-OF-USE ASSETS, NET 1624717 FINANCE RIGHT-OF-USE ASSETS, NET 94423 DEPOSITS 12292 OTHER RECEIVABLES 2649 1734081 OPERATING LEASE LIABILITIES, CURRENT 462977 FINANCE LEASE LIABILITIES, CURRENT 33417 OPERATING LEASE LIABILITIES, NET OF CURRENT 1161740 FINANCE LEASE LIABILITIES, NET OF CURRENT 61006 1719140 17486597 115790 206589 322379 17164218 0 17164218 16538857 115790 206589 322379 16216478 0 16216478 PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING (CASH) FUNDRAISING (NON-CASH) CONTRIBUTION PORTION FROM FUNDRAISING EVENT PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING (CASH) FUNDRAISING (NON-CASH) CONTRIBUTION PORTION FROM FUNDRAISING EVENT PART XII, LINE 2B LINE 2B CONSIST OF FUNDRAISING EXPENSES OF $81,493, AND NON-CASH CONTRIBUTIONS (TOYS, BOOKS, ETC) OF $125,096. PART XII, LINE 2B KYCC MAINTAINS A TAX-EXEMPT STATUS UNDER SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE AND 23701(D) OF THE STATE OF CALIFORNIA, REVENUE AND TAXATION CODE. KYCC'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAXES FOR THE YEARS ENDED JUNE 30, 2022, 2021 AND 2020 ARE SUBJECT TO EXAMINATION BY THE IRS AND FTB, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. AS REQUIRED BY THE INCOME TAXES TOPIC FOR THE FASB ASC, KYCC RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. KYCC DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. CONCERT 364728 328733 35995 35995 GOLF 177426 89985 87441 87441 1 1575739 1617682 -41943 -41943 2117893 2036400 81493 81493 81493 0 X X X X 0 0 0 0 0 0 0 0 0 JOHNG HO SONG EXECUTIVE DIRECTOR 219135 0 0 0 0 0 8541 0 0 41694 227676 41694 0 0 FRANCESCA LERUE CHIEF PROGRAM DIRECTOR 157028 0 0 0 0 0 6572 0 0 25051 163600 25051 0 0 JOSEPH ST JOHN CHIEF OPERATING OFFCER 149284 0 0 0 0 0 6160 0 0 16891 155444 16891 0 0 PART I, LINE 3 IN 2022, THE EXECUTIVE COMMITTEE RECOMMENDED AN ADJUSTMENT TO THE EXECUTIVE DIRECTOR'S COMPENSATION TO THE CURRENT LEVEL, AND IT ACCEPTED AN ADJUSTMENT RECOMMENDATION MADE BY THE EXECUTIVED DIRECTOR TO THE CHIEF OPERATING OFFICER'S COMPENSATION TO THE CURRENT LEVEL. THERE WAS A REVIEW BY MEMBERS OF THE EXECUTIVE COMMITTEE AND APPROVAL FROM THE FULL BOARD. MODIFICATIONS TO COMPENSATION, INCLUDING BENEFITS, OF THE EXECUTIVE DIRECTOR AND CHIEF OPERATING/FINANCIAL OFFICER ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS, IF SUCH MODIFICATIONS ARE NOT SUBSTANTIALLY SHARED BY ALL EMPLOYEES. COMPARABLE DATA, COMPENSATION SURVEYS, AND OTHER MEANS ARE USED TO DETERMINE THAT THE COMPENSATION IS 'JUST AND REASONABLE'. X TOYS, BOOKS, AND OTHERS 53 109574 FMV X FOOD, AND BEVERAGE 19 10954 FMV X TICKET, COUPONE, AND GIFT CARD 11 4568 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990, PART VI, SECTION B, LINE 11: A DRAFT OF FORM 990 WAS PROVIDED TO THE ORGANIZATION'S BOARD OF DIRECTORS PRIOR TO FILING. IN COMPLIANCE WITH THE CALIFORNIA NONPROFIT INTEGRITY ACT OF 2004 (SB 1262), THE AUDIT COMMITTEE CONFERRED WITH THE INDEPENDENT AUDITORS TO SATISFY MEMBERS OF THE FINANCIAL AFFAIRS OF THE ORGANIZATION. THE AUDIT COMMITTEE DETERMINED TO ACCEPT THE AUDIT AND SUBMITTED ITS OPINION TO ACCEPT THE AUDITED FINANCIALS TO A FULL VOTE OF THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS ACCEPTED THE AUDIT. THE AUDITED FINANCIAL STATEMENTS WERE THE BASIS FOR COMPLETING THE FORM 990. PRIOR TO FILING, THE FORM 990 WAS DISTRIBUTED TO THE FULL BOARD ALONG WITH AN EXECUTIVE SUMMARY PROVIDED BY THE CHIEF OPERATING OFFICER. A PERIOD FOR QUESTIONS AND CLARIFICATIONS ABOUT THE FORM 990 WAS PROVIDED TO THE BOARD AND ANY ITEMS OF CONCERN WERE ADDRESSED PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C FORM 990, PART VI, SECTION B, LINE 12C: THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS ALL BOARD MEMBERS AND STAFF MEMBERS. BOARD MEMBERS ARE INTRODUCED TO THE POLICY DURING THEIR INITIAL ORIENTATION AND ARE EXPECTED TO DISCLOSE POTENTIAL CONFLICTS WITH THE EXECUTIVE DIRECTOR AND/OR A MEMBER OF THE EXECUTIVE COMMITTEE. ON AN ANNUAL BASIS, THE BOARD OF DIRECTORS REVIEWS THE POLICY (DURING THE JUNE MEETING OR, IF CANCELLED, THE FIRST BOARD OF DIRECTORS MEETING THEREAFTER). THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO REVIEW ANY CLAIMS OF CONFLICT OF INTEREST. IF CONFLICTS OF INTEREST EXIST, MEMBERS ARE PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN ANY MATTER IN WHICH THEY MAY HAVE SUCH CONFLICT OF INTEREST. STAFF IS INTRODUCED TO THE POLICY DURING THEIR NEW HIRE ORIENTATION. THE MANAGEMENT TEAM IS RESPONSIBLE FOR REPORTING ANY POTENTIAL CONFLICTS OF INTEREST TO THE EXECUTIVE DIRECTOR. IF THE EXECUTIVE DIRECTOR FINDS MERIT IN THE REPORT, A REPORT IS FORWARDED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 IN 2022, THE EXECUTIVE COMMITTEE RECOMMENDED AN ADJUSTMENT TO THE EXECUTIVE DIRECTOR'S COMPENSATION TO THE CURRENT LEVEL, AND IT ACCEPTED AN ADJUSTMENT RECOMMENDATION MADE BY THE EXECUTIVE DIRECTOR TO THE CHIEF OPERATING OFFICER'S COMPENSATION TO THE CURRENT LEVEL. THERE WAS A REVIEW BY MEMBERS OF THE EXECUTIVE COMMITTEE AND APPROVAL FROM THE FULL BOARD. MODIFICATIONS TO COMPENSATION, INCLUDING BENEFITS, OF THE EXECUTIVE DIRECTOR AND CHIEF OPERATING/FINANCIAL OFFICER ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS, IF SUCH MODIFICATIONS ARE NOT SUBSTANTIALLY SHARED BY ALL EMPLOYEES. COMPARABLE DATA, COMPENSATION SURVEYS, AND OTHER MEANS ARE USED TO DETERMINE THAT THE COMPENSATION IS 'JUST AND REASONABLE'. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS FOR THE MOST CURRENT YEAR ARE AVAILABLE ON THE KYCC WEBSITE AND IN PERSON, UPON REQUEST. CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. THE GOVERNING DOCUMENTS ARE NOT GENERALLY MADE AVAILABLE BUT CONSIDERATION WOULD BE MADE TO A WRITTEN REQUEST. FORM 990, PART IX, LINE 11G PAYROLL SERVICE: PROGRAM SERVICE EXPENSES 10,128. MANAGEMENT AND GENERAL EXPENSES 52,574. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 62,702. SUBCONTRACT & CLIENT SUPPORT: PROGRAM SERVICE EXPENSES 2,076,879. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 42,458. TOTAL EXPENSES 2,119,337. CONSULTING: PROGRAM SERVICE EXPENSES 116,244. MANAGEMENT AND GENERAL EXPENSES 21,300. FUNDRAISING EXPENSES 57,200. TOTAL EXPENSES 194,744. OTHER PURCHASED SERVICES: PROGRAM SERVICE EXPENSES 184,159. MANAGEMENT AND GENERAL EXPENSES 100,818. FUNDRAISING EXPENSES 6,814. TOTAL EXPENSES 291,791. PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 17,790. MANAGEMENT AND GENERAL EXPENSES 45. FUNDRAISING EXPENSES 1,315. TOTAL EXPENSES 19,150. TAX AND LICESES: PROGRAM SERVICE EXPENSES 22,882. MANAGEMENT AND GENERAL EXPENSES 610. FUNDRAISING EXPENSES 6,502. TOTAL EXPENSES 29,994. PART XII, LINE 2C THERE IS NO CHANGE FROM THE PRIOR YEAR ON KYCC'S OVERSIGHT ON FINANCIAL STATEMENTS. AUDIT COMMITTEE APPOINTS THE INDEPENDENT AUDITORS EACH YEAR, AND THE INDEPENDENT AUDITORS REPORT THE AUDITED FINANCIAL STATEMENTS TO THE AUDIT COMMITTEE, WHICH IN TURN REPORTS TO THE FULL BOARD WHEN IT ACCEPTS THE AUDITED FINANCIAL STATEMENTS. KYCC OAK LLC 3727 WEST 6TH STREET 300 LOS ANGELES CA 90020 953779389 DEVELOPMENT OF HOUSING FOR LOW-INCOME AND MODERATE INCOME INDIVIDUALS CA 25500 5 KOREATOWN YOUTH AND COMMUNITY CENTER INC KYCC SOLARIS LLC 3727 WEST 6TH STREET 300 LOS ANGELES CA 90020 953779389 DEVELOPMENT OF HOUSING FOR LOW-INCOME AND MODERATE INCOME INDIVIDUALS CA 62500 0 KOREATOWN YOUTH AND COMMUNITY CENTER INC