SAN FRANCISCO & BAY AREA KOREA CENTER

EIN: 943075783 501(c)(3) Human Services

SAN FRANCISO, CA

Total Revenue
$379,192
Total Expenses
$411,008
Total Assets
$2,856,189
Net Assets
$2,856,189
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
CA
Principal Officer
JONATHAN H KIM
Phone
4152521346
Tax Period
2024-01-01 to 2024-12-31

SAN FRANCISCO & BAY AREA KOREA CENTER, founded in 1987, is a small nonprofit in the Human Services sector that reported $379K in total revenue in fiscal year 2024. Revenue fell 73% from the prior year — a significant decline worth monitoring. Net assets of $2.9M represent 90 months of operating reserves.

Mission

THE MISSION OF THE KOREAN AMERICAN COMMUNITY CENTER OF SAN FRANCISCO AND BAY AREA (KACCSF) IS TO BUILD COMMUNITY AND ENHANCE THE QUALITY OF LIFE FOR THE KOREAN AMERICAN RESIDENTS IN THE SAN FRANCISCO AND BAY AREA. WE ARE A PLACE-BASED COMMUNITY DEVELOPMENT ORGANIZATION SERVING PRIMARILY THE SAN FRANCISCO NEIGHBORHOOD, AND ALSO SERVE THE BAY AREA. WE ARE A COMMUNITY DEVELOPMENT ORGANIZATION WITH MANY ROLES - AS NEIGHBORHOOD ADVAOCATES FOR KOREAN AMERICANS, ORGANIZERS AND PLANNERS OF VARIOUS KOREAN AMERICAN HERITAGE CELEBRATIONS, AND AS EDUCATION CENTER FOR KOREAN AMERICAN CULTURES INCLUDING THE KOREAN LANGUAGE AND THE VARIOUS KOREAN ARTS. KOREAN AMERICAN COMMUNITY OF SAN FRANCISCO & BAY AREA ASSISTS ALL KOREAN AMERICANS IN SAN FRANCISCO AND THE BAY AREA AND PROMOTES THE CULTURAL, SOCIAL, EDUCATIONAL, AND ECONOMIC PROGRESS OF KOREAN AMERICAN. THE ORGANIZATION BUILDS AN ALTERNATIVE COMMUNITY WHERE KOREAN AMERICANS CAN BRIDGE THE CULTURAL GAP BETWEEN KOREAN AMERICANS AND OTHER ETHNIC COMMU

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $376,540
Program Service Revenue $0
Investment Income $2,652
Other Revenue $0
TOTAL REVENUE $379,192

Expense Breakdown

Grants Paid $50,150
Salaries & Benefits $0
Fundraising Expenses $46,649
Program Expenses $124,847
Other Expenses $360,858
TOTAL EXPENSES $411,008

Year-over-Year Comparison

2024 2023 Change
Revenue $379,192 $1,430,781 -0.7%
Expenses $411,008 $176,128 +1.3%
Net Income $-31,816 $1,254,653 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
12

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
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JONATHAN H KIM President 5.00
Officer Director
$0 $0 $0
JEE SOO KIM Secretary 1.00
Officer Director
$0 $0 $0
YEONSOOK P SASAKI CFO 5.00
Officer Director
$0 $0 $0
SOON RAN KIM Director 5.00
Director
$0 $0 $0
LINDA RAIL PARK Director 1.00
Officer Director
$0 $0 $0
HEESOOK NOH Director 1.00
Officer Director
$0 $0 $0
SUNG HO HONG Director 1.00
Director
$0 $0 $0
DONG GOOK JUN Director 1.00
Director
$0 $0 $0
KYUNG S KIL Director 1.00
Director
$0 $0 $0
KUMCHA KIM Director 1.00
Director
$0 $0 $0
ALICE HESUK LEE Director 1.00
Director
$0 $0 $0
DUK SOON LEE Director 1.00
Director
$0 $0 $0
KYUNGHEE LEE Director 1.00
Director
$0 $0 $0
CHONG HUI PARK Director 1.00
Director
$0 $0 $0
HOIL SONG Director 1.00
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 $379,192 $411,008 $2,856,189 $-31,816
2023 $1,430,781 $176,128 $2,888,005 $1,254,653
2022 $892,050 $95,206 $1,633,352 $796,844
2021 $429,530 $67,446 $836,508 $362,084
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