Korean Adoptees Ministry Center in Minneapolis, Minnesota (MN)
Table of contents:
| Korean Adoptees Ministry Center | |
| Employer Identification Number (EIN) | 450544404 |
| Name of Organization | Korean Adoptees Ministry Center |
| In Care of Name | Sung Chul Park |
| Address | 2920 Talmage Avenue Se, Minneapolis, MN 55414-2780 |
| Subsection | Charitable Organization |
| Ruling Date | 01/2007 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $50,372 |
| Amount of Income | $45,978 |
| Form 990 Revenue Amount | $45,978 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Adoption |
Non-representatives - add comments:
Amount of income in 2013: $45,978 (it was $75,470 in 2012)
| This organization: | $45,978 |
| Other organizations performing similar types of work: | $137,625 |
Assets in 2013: $50,372 (it was $52,375 in 2012)
| Korean Adoptees Ministry Center: | $50,372 |
| Other organizations performing similar types of work: | $40,937 |
Expenses in 2013: $47,981
| This organization: | $47,981 |
| Other organizations performing similar types of work: | $154,704 |
Income to expenses ratio in 2013: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 0.9 |
Grants share in income in 2013: 65.0%
| This organization: | 65.0% |
| Other organizations performing similar types of work: | 0.3% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $75,470 | $45,978 |
| Contributions, gifts, grants, and similar amounts received | $72,077 | $29,884 |
| Program service revenue including government fees and contracts | $3,393 | $16,060 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $0 | $34 |
| Total expenses | $57,139 | $47,981 |
| Total net assets | $48,598 | $46,595 |
| Excess/Deficit for the year | $18,331 | $-2,003 |
| Net assets or fund balances at beginning of year | $30,267 | $48,598 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $48,598 | $46,595 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $52,375 | $50,372 |
| Total liabilities | $3,777 | $3,777 |
| Net assets or fund balances | $48,598 | $46,595 |
| Other Information | ||
| 2012 | 2013 | |
|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No |
| Were any significant changes made to the organizing or governing documents? | No | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No |
| Has the organization filed a Form 990-T for the year? | No | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | No |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No |
| Total amount involved | $0 | $0 |
| Initiation fees and capital contributions | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $186,217 |
| Subtotal Support | $186,217 |
| Gifts, grants, contributions, and membership fees received | $186,217 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $186,231 |
| Public Support | $186,217 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $14 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $16,060 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Shaohannahs Hope Inc | 230 Franklin Rd Ste 11jj, Franklin, TN 37064-2286 | TN | 2003-02 | $10,234,145 |
| 2 | America World Adoption Association, Group Return | 6723 Whittier Ave Ste 202, Mclean, VA 22101-4544 | VA | 1996-10 | $7,914,396 |
| 3 | Hoping Hearts Foundation Inc, Adopttogether | 3948 E State Route 73, Waynesville, OH 45068 | OH | 2010-10 | $1,999,456 |
| 4 | You Gotta Believe The Older Child Adoption & Permanency Movement, Y G B | 3114 Mermaid Ave, Brooklyn, NY 11224-1808 | NY | 1996-01 | $1,565,012 |
| 5 | Rejoice Inc Foster Care Adoption And Specialized Recruitment Agency | 1820 Linglestown Rd, Harrisburg, PA 17110-3339 | PA | 1999-03 | $1,190,162 |
| 6 | Ordinary Hero Foundation Inc | PO BOX 1945, Brentwood, TN 37024-1945 | TN | 2010-09 | $885,943 |
| 7 | His Little Feet | 675 Southwood Lane, Windsor, CO 80550 | CO | 2010-04 | $677,177 |
| 8 | Agape Adoptions | 1410 Main St, Sumner, WA 98390-1810 | WA | 2010-04 | $633,773 |
| 9 | Ampersand Families | 1700 2nd St Ne, Minneapolis, MN 55413-1139 | MN | 2008-01 | $572,456 |
| 10 | Gods Children Adoption Agency Inc | PO BOX 640, Barnesville, MN 56514-0640 | MN | 2005-03 | $315,501 |
| 11 | African American Adoption & Permanency Planning Agency | PO BOX 4206, Saint Paul, MN 55104-0206 | MN | 1998-02 | $255,563 |
| 12 | European Children Adoption Services | 6050 Cheshire Ln N, Plymouth, MN 55446-4001 | MN | 2000-05 | $253,182 |
| 13 | A Family Journey Adoption Agency, El Amor De Patricia The Love Of Patricia | 3445 Girard Avenue South, Minneapolis, MN 55408 | MN | 2007-03 | $196,865 |
| 14 | Family Resources | 11311 Dayton River Rd Ste 4, Dayton, MN 55327-7501 | MN | 2000-02 | $131,539 |
| 15 | Better Future Adoption Services | 1428 Washington Ave S, Minneapolis, MN 55454 | MN | 2008-08 | $96,670 |
| 16 | Gift Of Adoption Fund Inc, Amy Silberberg Chapter Inc | PO BOX 2940, Minneapolis, MN 55402-0940 | MN | 2003-11 | $56,613 |
| 17 | Korean Adoptees Ministry Center | 2920 Talmage Avenue Se, Minneapolis, MN 55414-2780 | MN | 2007-01 | $45,978 |
| 18 | Adoption Miracle International Inc | 19660 Silver Lake Trail, Shorewood, MN 55331 | MN | 2000-08 | $17,089 |
| 19 | Families With Children From Asia- Midwest Fca-Midwest | 223 Kathleen Dr, West St Paul, MN 55118-4541 | MN | 1997-11 | $13,134 |
| 20 | America World Adoption Association, Minnesota Incorporated | 8300 Mississippi Blvd Nw, Coon Rapids, MN 55433-5938 | MN | 1996-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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