KYOUNGS PACIFIC BEAT INC

EIN: 862713285 501(c)(3) Arts, Culture & Humanities

BROOKLYN, NY

Total Revenue
$324,992
Total Expenses
$419,825
Total Assets
$227,614
Net Assets
$207,937
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NY
Principal Officer
Kyoung H Park
Phone
7184197382
Tax Period
2022-07-01 to 2023-06-30

KYOUNGS PACIFIC BEAT INC, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $325K in total revenue in fiscal year 2022. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $420K exceeded revenue, resulting in a 29% operating deficit.

Mission

Kyoung's Pacific Beat (KPB) is a peacemaking theater collective dedicated to working with artists, non-artists, and local communities to transform experiences of oppression into peace messages through public proformance.

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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 (2022)

Revenue Breakdown

Contributions & Grants $259,216
Program Service Revenue $65,776
Investment Income $0
Other Revenue $0
TOTAL REVENUE $324,992

Expense Breakdown

Grants Paid $0
Salaries & Benefits $154,580
Fundraising Expenses $17,630
Program Expenses $323,604
Other Expenses $265,245
TOTAL EXPENSES $419,825

Year-over-Year Comparison

2022 2021 Change
Revenue $324,992 $297,372 +0.1%
Expenses $419,825 $232,681 +0.8%
Net Income $-94,833 $64,691 -2.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
10
Employees
1
Volunteers
4

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
5
$45,287
Total Directors
11
$57,443
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kyoung H Park Executive Dir. 40.00
Officer Director
$40,000 $0 $40,000
JOE TOLBERT BOARD MEMBER 5.00
Director
$9,656 $0 $9,656
CLAUDIA ACOSTA President 3.00
Officer Director
$5,287 $0 $5,287
Tiffany Vega BOARD MEMBER 1.00
Director
$2,500 $0 $2,500
Stephanie Hsu BOARD MEMBER 1.00
Director
$0 $0 $0
JASON TSENG BOARD MEMBER 1.00
Director
$0 $0 $0
Ann Marie Lonsdale Vice President 2.00
Officer Director
$0 $0 $0
Sooyoung Hwang Treasurer 1.00
Officer Director
$0 $0 $0
PennyMaria Jackson BOARD MEMBER 2.00
Director
$0 $0 $0
JESS APPLEBAUM Secretary 2.00
Officer Director
$0 $0 $0
RYAN SHEN BOARD MEMBER 3.00
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
2023 $324,992 $419,825 $227,614 $-94,833
2022 $297,372 $232,681 $345,395 $64,691
2021 $275,822 $37,743 $242,079 $238,079
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