KOREAN AMERICAN CIVIC EMPOWERMENT FOR COMMUNITY INC

EIN: 203987662 501(c)(3) Civil Rights & Advocacy

FLUSHING, NY

Total Revenue
$343,787
Total Expenses
$396,395
Total Assets
$330,807
Net Assets
$162,200
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
NY
Principal Officer
DONG CHAN KIM
Phone
7189614117
Tax Period
2023-01-01 to 2023-12-31

KOREAN AMERICAN CIVIC EMPOWERMENT FOR COMMUNITY INC, founded in 2005, is a small nonprofit in the Civil Rights & Advocacy sector that reported $344K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $396K exceeded revenue, resulting in a 15% operating deficit.

Mission

KACE'S MISSION IS TO EMPOWER THE KOREAN AMERICAN COMMUNITY BY PROMOTING CIVIC PARTICIPATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $253,511
Program Service Revenue $0
Investment Income $9
Other Revenue $90,267
TOTAL REVENUE $343,787

Expense Breakdown

Grants Paid $0
Salaries & Benefits $234,174
Fundraising Expenses $40,135
Program Expenses $312,796
Other Expenses $162,221
TOTAL EXPENSES $396,395

Year-over-Year Comparison

2023 2022 Change
Revenue $343,787 $397,770 -0.1%
Expenses $396,395 $341,806 +0.2%
Net Income $-52,608 $55,964 -1.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
8
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$65,000
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONG CHAN KIM PRESIDENT 40.00
Officer
$65,000 $0 $65,000
CHOI YOUNG SOO DIRECTOR N/A
Director
$0 $0 $0
KIM DOHYUNG CHAIRMAN N/A
Director
$0 $0 $0
CHANG JUDY DIRECTOR N/A
Director
$0 $0 $0
ESTHER G LEE DIRECTOR N/A
Director
$0 $0 $0
KIM JONG HYUNG DIRECTOR N/A
Director
$0 $0 $0
KIM KWANG SOO DIRECTOR N/A
Director
$0 $0 $0
PARK ANDREW DONGKYU DIRECTOR N/A
Director
$0 $0 $0
CHOI DAMI DIRECTOR N/A
Director
$0 $0 $0
HAN MIRYUNG DIRECTOR N/A
Director
$0 $0 $0
CHO JOUNGSUK DIRECTOR N/A
Director
$0 $0 $0
JUNG DOSUNG DIRECTOR N/A
Director
$0 $0 $0
PARK JAEWOO DIRECTOR N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $343,787 $396,395 $330,807 $-52,608
2022 $397,770 $341,806 $218,321 $55,964
2021 $377,006 $310,833 $159,771 $66,173
2020 $389,936 $362,084 $134,359 $27,852
2019 $320,270 $365,993 $66,285 $-45,723
2018 $429,676 $415,025 $112,210 $14,651
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