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.

Program Service Accomplishments

Program 1
Expenses: $244,868

BECOMING RESPECTED AMERICAN CITIZENS 8080 CAMPAIGN - THIS YEAR-ROUND CAMPAIGN IS DEDICATED TO INCREASING VOTER REGISTRATION RATES AND VOTER TURNOUT RATES OF KOREAN AMERICANS TO 80%. CANDIDATE FORUMS...

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BECOMING RESPECTED AMERICAN CITIZENS 8080 CAMPAIGN - THIS YEAR-ROUND CAMPAIGN IS DEDICATED TO INCREASING VOTER REGISTRATION RATES AND VOTER TURNOUT RATES OF KOREAN AMERICANS TO 80%. CANDIDATE FORUMS - KACE HOSTS NON-PARTISAN CANDIDATES FORUMS TO HELP COMMUNITY MEMBERS TO MAKE AN EDUCATED DECISION IN THE ELECTION. GET OUT THE VOTE - KACE GET OUT THE VOTE CAMPAIGN AIMS TO MOBILIZE THE KOREAN AMERICAN VOTERS TO INCREASE VOTER TURNOUTS. VOTER DATA ANALYSIS - KACE HAS CONDUCTED A YEARLY ANALYSIS OF NEW YORK AND NEW JERSEY VOTER DATA. KACE IS THE ONLY ORGANIZATION THAT OFFERS ANNUAL PUBLICATION OF VOTER DATA.

Program 2
Expenses: $61,217

EMPOWERING OUR COMMUNITY KACE LEGAL TASK FORCE - THE KACE LEGAL TASK FORCE WAS ESTABLISHED IN FEBRUARY 2017 AND HAVE BEEN WORKING TIRELESSLY ON BEHALF OF THE KOREAN IMMIGRATION COMMUNITY BY PROVIDING...

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EMPOWERING OUR COMMUNITY KACE LEGAL TASK FORCE - THE KACE LEGAL TASK FORCE WAS ESTABLISHED IN FEBRUARY 2017 AND HAVE BEEN WORKING TIRELESSLY ON BEHALF OF THE KOREAN IMMIGRATION COMMUNITY BY PROVIDING WORKSHOPS, SEMINARS, MEDIA PRESENTATIONS, PUBLICATIONS AND MOBILIZING KOREAN AMERICAN CHURCHES. CIVIC ACADEMY - IN COLLABORATION WITH COMMUNITY ORGANIZATIONS, KACE OFFERS COMMUNITY EDUCATION PROGRAMS ON THE SOCIAL BENEFIT PROGRAMS. TOWN HALL MEETING - KACE HOSTS A SERIES OF TOWN HALL MEETINGS, WHERE ELECTED POLITICIANS MEET THEIR CONSTIUTES, DISCUSS AND COME UP WITH SOLUTIONS TO LOCAL ISSUES.

Program 3
Expenses: $6,711

TRAINING NEXT GENERATION TO BECOME PROUD COMMUNITY LEADERS: 2021 GRASSROOTS INTERNSHIP PROGRAM - THE INTERNSHIP WORKSHOP INCLUDES KOREAN AMERICAN IDENTITY, ASIAN AMERICAN IMMIGRATION HISTORY...

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TRAINING NEXT GENERATION TO BECOME PROUD COMMUNITY LEADERS: 2021 GRASSROOTS INTERNSHIP PROGRAM - THE INTERNSHIP WORKSHOP INCLUDES KOREAN AMERICAN IDENTITY, ASIAN AMERICAN IMMIGRATION HISTORY, FEDERAL/STATE/LOCAL GOVERNMENT SYSTEM, VOTER REGISTRATION STUDY, GRASSROOTS ACTIVISM STUDY, AND A WIDER VARIETY OF TOPICS. INTERNS WILL REQUIRE HANDS-ON EXPERIENCES AND KNOWLEDGE TO UNDERSTAND THE SOCIETY AND FIGURE OUT THEIR OWN CONTRIBUTION TO MAKE FOR THE COMMUNITY. YOUNG LEADERSHIP DEVELOPMENT - TO BRIDGE THE GAP BETWEEN THE GENERATIONS IN THE COMMUNITY, KACE IS RELENTLESSLY WORKING TO CULTIVATE LEADERSHIP GROUPS IN THE REGION. THE LEADERSHIP DEVELOPMENT OF YOUNG KOREAN AMERICAN IS A KEY COMPONENT OF THE EFFORT TO BUILD THE SUSTAINABLE COMMUNITY.

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Trantor Score

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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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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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