KOREAN AMERICAN COMMUNITY SERVICES INC

EIN: 942659848 501(c)(3)

San Jose, CA

Total Revenue
$859,564
Total Expenses
$805,259
Total Assets
$1,240,315
Net Assets
$1,235,705
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
CA
Principal Officer
EUNICE CHUN
Phone
4089209733
Tax Period
2023-07-01 to 2024-06-30

KOREAN AMERICAN COMMUNITY SERVICES INC, founded in 1979, is a small nonprofit that reported $860K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $805K left a modest 6% surplus.

Mission

KACS missions are improving the quality of life, increasing community involvement and opportunities for persons of Korean heritage. In pursuit of these missions, KACS acts as a bridge to the greater community, providing social, recreational, cultural, vocational, and educational activities as well as mobilizing support for other community programs.

Program Service Accomplishments

Program 1
Expenses: $738,704

To provide social, recreational, and educational services for low income Korean American seniors, youth and families.

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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 $856,150
Program Service Revenue $0
Investment Income $11,647
Other Revenue $-8,233
TOTAL REVENUE $859,564

Expense Breakdown

Grants Paid $0
Salaries & Benefits $371,103
Fundraising Expenses $0
Program Expenses $738,704
Other Expenses $434,156
TOTAL EXPENSES $805,259

Year-over-Year Comparison

2023 2022 Change
Revenue $859,564 $909,034 -0.1%
Expenses $805,259 $646,348 +0.2%
Net Income $54,305 $262,686 -0.8%
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
6
Independent Members
6
Employees
7
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
3
$64,941
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EUNICE CHUN EXECUTIVE DIRECTOR 040.00
Officer
$64,941 $0 $64,941
CHOE EUISUNE HICKMAN DIRECTOR 003.00
Director
$0 $0 $0
HEE SHIK KIM HONORARY CHAIR 003.00
Officer Director
$0 $0 $0
VERONICA JEONGYEON KIM DIRECTOR 003.00
Director
$0 $0 $0
JAE HARK YANG SECRETARY/TREASURER 003.00
Officer Director
$0 $0 $0
NOMI CHUNG SOOK YOU DIRECTOR 003.00
Director
$0 $0 $0
SUNGSOO CHANG DIRECTOR 003.00
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
2025 No data No data No data No data
2024 $859,564 $805,259 $1,240,315 $54,305
2023 $909,034 $646,348 $1,252,472 $262,686
2022 $738,663 $607,966 $919,784 $130,697
2021 $548,247 $511,188 $827,405 $37,059
2020 $608,043 $495,918 $752,015 $112,125
2019 $470,937 $449,993 $640,972 $20,944
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