Nonprofit · EIN 95-3879699
KOREAN RESOURCE CENTER INC
Tax-exempt · LOS ANGELES, CA 90019
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $805,211 | $1,060,186 | -$254,975 | $3,362,855 | $1,749,494 | $1,613,361 |
| December 31, 2023 | 990 | $1,543,923 | $1,508,775 | $35,148 | $4,585,776 | $2,719,616 | $1,866,160 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $658,471
- of which government grants
- $341,375
- Membership dues
- $21,095
- Program service revenue
- $58,309
- Investment income
- $0
- Net rental income
- -$12,428
- Other revenue
- $88,431
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $94,146
- Other salaries and wages
- $429,119
- Salaries, compensation and benefits (total)
- $624,183
- Professional fundraising fees
- $0
- Legal fees
- $1,993
- Accounting fees
- $58,337
- Occupancy
- $58,390
- Depreciation
- $966
- Program services (functional)
- $869,638
- Management and general (functional)
- $151,546
- Fundraising (functional)
- $39,002
Balance sheet and other
- Total assets, start of year
- $4,585,776
- Total assets, end of year
- $3,362,855
- Total liabilities, end of year
- $1,749,494
- Net assets, end of year
- $1,613,361
- Land, buildings and equipment
- $2,556,744
- Net assets without donor restrictions
- $1,511,397
- Net assets with donor restrictions
- $101,964
- Gross unrelated business income
- -$12,428
- Gross receipts
- $945,114
- Employees
- 9
- Volunteers
- 7
- Year formed
- 1983
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ISAAC KIM | EXECUTIVE DIRECTOR Officer | 40 | $94,146 |
| BEA OLVERA STOTZER | DIRECTOR Trustee or director | 1 | $0 |
| YEA JA LEE | DIRECTOR Trustee or director | 1 | $0 |
| JULIE LEE KURUMADA | DIRECTOR Trustee or director | 1 | $0 |
| HEAJA KIM | DIRECTOR Trustee or director | 1 | $0 |
| YEON OK SUH | DIRECTOR Trustee or director | 1 | $0 |
| KWANG JA HONG | DIRECTOR Trustee or director | 1 | $0 |
| JIM MULLER | DIRECTOR Trustee or director | 1 | $0 |
| CAROLLINE KIM | DIRECTOR Trustee or director | 1 | $0 |
| SOO YEON CHO | DIRECTOR Trustee or director | 1 | $0 |
| ZU WHAN KIM | BOARD CHAIR Officer | 1 | $0 |
| WONKOO CHANG | BOARD SECRETARY Officer | 1 | $0 |
| DONG HYUN AHN | TREASURER Officer | 1 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BETHANY LEAL | FINANCIAL DIRECTOR Officer | 40 | $71,875 | $6,838 |
| ISAAC KIM | EXECUTIVE DIRECTOR Officer | 40 | $45,729 | $0 |
| ANGELA OH | DIRECTOR (UNTIL 1/28/23) Trustee or director | 1 | $0 | $0 |
| BEA OLVERA STOTZER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES MULLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUN HEE CHOI | DIRECTOR (UNTIL 1/28/23) Trustee or director | 1 | $0 | $0 |
| JULIE LEE KURUMADA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WONKOO CHANG | BOARD SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ZU KIM | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| HEAJA KIM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAMILLA LEW | DIRECTOR (UNTIL 1/28/23) Trustee or director | 1 | $0 | $0 |
| DONG HYUN AHN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| YEA JA LEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| YEON OK SUH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KWANG JA HONG | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 900 CRENSHAW BLVD STE B, LOS ANGELES, CA 90019-1982
- In care of
- % BETHANY LEAL
- Principal officer (990 for 2024)
- Isaac Kim, 900 Crenshaw Blvd B, Los Angeles, CA 90019
- Signed the 990
- Isaac Kim, EXECUTIVE DIRECTOR
- Phone
- (323) 937-3718
- Website
- www.krcla.org
- Return prepared by
- FRITH-SMITH & ARCHIBALD LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 95-3879699 or by the name KOREAN RESOURCE CENTER INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TO PROMOTE KOREAN HISTORY AND CULTURAL APPRECIATION, ENHANCE KOREAN HERITAGE IN THE KOREAN AMERICAN COMMUNITY, PROVIDE SOCIAL SERVICES TO THE KOREAN COMMUNITY, EMPOWER THE KOREAN AMERICAN COMMUNITY THROUGH CIVIC EDUCATION AND CIVIC PARTICIPATION, ENSURE COMMUNITY ECONOMIC DEVELOPMENT AND SAFE SANITARY, AND AFFORDABLE HOUSING FOR PRIMARILY LOW INCOME PERSONS IN THE CITY OF LOS ANGELES, PARTICULARLY KOREATOWN, WEST LOS ANGELES, MIDWILSHIRE AND SOUTH LOS ANGELES.
Program accomplishments
- KRC provides Korean-language legal services and education to low-income immigrant KoreanAmericans, Asian Americans and Asian Americans and Pacific Islanders, and other low-income communities of color. Recognized by the Dept of Justice Board of Immigration Appeals, accredited KRC staff conduct a variety of immigration legal services at low to no cost. We provide linguistically and culturally appropriate legal services to our community. In 2024, KRC assisted directly and provided information to over 3,000 community members.Expenses $486,408
- KRC's Housing Program provides Rental Housing Counseling and Financial Management/ Budget Counseling to the most vulnerable members of the Korean American community of greater Los Angeles and Orange County. We seek to create safer communities and empower low-income residents of all ages through linguistically and culturally competent housing counseling including affordable housing counseling, tenants' right education and resolving financial challenges. In 2024, KRC assisted directly and provided information to more than 2,500 community members.Expenses $233,434
- KRC Social Service/Health Access program is used primarily but not exclusively by low-income Korean American seniors. Because language access is a major concern in our community, many individuals depend on KRC to assist them with everything from referrals, translating utility bills to assistance in applying for services such as Medi-Cal and Cal-Fresh. In 2024, KRC also conducted COVID-19 outreach, education and vaccine clinics. Overall KRC assisted over 5,000 community members.Expenses $149,796
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 95-3879699
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P84)
- Assets (IRS master file)
- $3,362,855
- Income (IRS master file)
- $945,114
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $805,211 | $1,060,186 | $3,362,855 | XML |
| 990 | December 2023 | $1,543,923 | $1,508,775 | $4,585,776 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $2,088,542 | $1,351,382 | $4,829,872 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 95-3879699).
Questions about KOREAN RESOURCE CENTER INC
- What is the EIN of KOREAN RESOURCE CENTER INC?
- The employer identification number (EIN) of KOREAN RESOURCE CENTER INC is 95-3879699.
- Is KOREAN RESOURCE CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to KOREAN RESOURCE CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KOREAN RESOURCE CENTER INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KOREAN RESOURCE CENTER INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KOREAN RESOURCE CENTER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of KOREAN RESOURCE CENTER INC?
- The 990 for the year ended December 31, 2024 names Isaac Kim.
- Who are the officers and directors of KOREAN RESOURCE CENTER INC?
- The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $94,146 (ISAAC KIM, EXECUTIVE DIRECTOR).
- How much revenue does KOREAN RESOURCE CENTER INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $805,211, expenses of $1,060,186 and total assets of $3,362,855 at year end.
Other nonprofits in LOS ANGELES
- AIDS HEALTHCARE FOUNDATION EIN 95-4112121 · last filed 990 for 2024
- PHARMACY4HUMANITY EIN 95-4607931 · last filed 990 for 2024
- SOUTH CENTRAL L A REG CENTRAL FOR DVLOPMNTLY DISABLED PERSONS INC EIN 95-3861159 · last filed 990 for 2025
- LOS ANGELES COUNTY DEVELOPMENTAL SERVICE FOUNDATION EIN 95-3374648 · last filed 990 for 2025
- SPECIAL SERVICE FOR GROUPS INC EIN 95-1716914 · last filed 990 for 2025
- CHILDRENS HOME SOCIETY OF CALIFORNIA & AFFILIATED CHAPTERS EIN 95-1690976 · last filed 990 for 2025
- PEOPLE ASSISTING THE HOMELESS EIN 95-3950196 · last filed 990 for 2025
- YOUNG MENS CHRISTIAN ASSOCIATION OF METROPOLITAN LOS ANGELES EIN 95-1644052 · last filed 990 for 2025