Korean-American Society Of Greater Richmond in N Chesterfld, Virginia (VA)
Table of contents:
| Korean-American Society Of Greater Richmond | |
| Employer Identification Number (EIN) | 541995032 |
| Name of Organization | Korean-American Society Of Greater Richmond |
| In Care of Name | Heung S Park |
| Address | 3912 Meadowdale Blvd, N Chesterfld, VA 23234-5547 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 08/2001 |
| 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 | 05/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $216,131 |
| Amount of Income | $41,051 |
| Form 990 Revenue Amount | $41,051 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Cultural, Ethnic Awareness |
Non-representatives - add comments:
Amount of income in 2014: $41,051 (it was $38,602 in 2013)
| Korean-American Society Of Greater Richmond: | $41,051 |
| Other organizations performing similar types of work: | $120,360 |
Assets in 2014: $216,131 (it was $215,189 in 2013)
| Korean-American Society Of Greater Richmond: | $216,131 |
| Other organizations performing similar types of work: | $169,282 |
Expenses in 2014: $39,229
| This organization: | $39,229 |
| Other organizations performing similar types of work: | $104,111 |
Income to expenses ratio in 2014: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2014: 96.4%
| This organization: | 96.4% |
| Other organizations performing similar types of work: | 0.0% |
Revenue for 2014
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $39,301 | $41,669 | $38,602 | $41,051 |
| Contributions, gifts, grants, and similar amounts received | $24,360 | $31,407 | $31,214 | $39,559 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $10,500 | $7,500 | $5,340 | $110 |
| Investment income | $4,441 | $2,762 | $2,048 | $1,382 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $28,281 | $41,669 | $39,113 | $39,229 |
| Total net assets | $217,244 | $216,279 | $215,189 | $216,131 |
| Excess/Deficit for the year | $11,020 | $0 | $-511 | $1,822 |
| Net assets or fund balances at beginning of year | $206,224 | $217,244 | $216,279 | $215,189 |
| Other changes in net assets or fund balances | $0 | $-965 | $-579 | $-880 |
| Net assets or fund balances at end of year | $215,189 | $216,131 | ||
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $217,244 | $216,279 | $215,189 | $216,131 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $217,244 | $216,279 | $215,189 | $216,131 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| 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 | 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 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $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 2014) | |
| 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 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $172,010 |
| Subtotal Support | $172,010 |
| Gifts, grants, contributions, and membership fees received | $172,010 |
| 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 | $172,010 |
| Public Support | $172,010 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Ligmincha Institute For Study Of Religions & Cultures Of Tibet Inc, Khyung Dzong | 554 Drumheller Ln, Shipman, VA 22971-2251 | VA | 1993-12 | $356,445 |
| 2 | The Korean Association Of Greater Washington | 7004-L Little River Turnpike, Annandale, VA 22003-3201 | VA | 1981-09 | $280,594 |
| 3 | Pro Bolivian Committee | 10618 Zion Dr, Fairfax, VA 22032-3435 | VA | 2008-04 | $188,995 |
| 4 | Persian Cultural Center Inc | 311 Maple Ave W Ste A, Vienna, VA 22180-4309 | VA | 1991-04 | $176,588 |
| 5 | Japan Education And Culture Center Inc | 136 Dover Cir, Norfolk, VA 23505-4806 | VA | 1993-04 | $165,674 |
| 6 | Experimental Chinese School Inc | PO BOX 220401, Chantilly, VA 20153-0401 | VA | 1992-06 | $157,247 |
| 7 | Alliance Francaise De Charlottesville Virginia Inc | 700 Harris St Ste 105, Charlottesvle, VA 22903-4584 | VA | 1998-02 | $92,134 |
| 8 | Wei-Hwa Chinese School | PO BOX 2931, Springfield, VA 22152-0931 | VA | 1983-03 | $90,837 |
| 9 | Richmond Nihongo Hoshuuko | 2531 Buford Rd, N Chesterfld, VA 23235-3419 | VA | 1990-05 | $79,918 |
| 10 | Monacan Indian Nation Inc | PO BOX 1136, Madison Hts, VA 24572-1136 | VA | 1993-08 | $78,116 |
| 11 | Asian American Society Of Central Virginia | PO BOX 35194, N Chesterfld, VA 23235-0194 | VA | 1999-03 | $76,382 |
| 12 | The Swedish School For Children Inc | PO BOX 6313, Falls Church, VA 22040-6313 | VA | 1995-04 | $64,269 |
| 13 | Iramerican Civic Society Of Washington | P O Box 10662, Mclean, VA 22102 | VA | 1993-05 | $52,613 |
| 14 | Brazilian American Cultural Institute Inc | 5704 Deer Pond Rd, Centreville, VA 20120-2929 | VA | 1965-02 | $49,738 |
| 15 | S P G H | 16308 Sandy Ridge Ct, Woodbridge, VA 22191-4451 | VA | 1976-03 | $20,607 |
| 16 | Fairfax Chinese Academy | 6607 Briar Hill Court, Mclean, VA 22101 | VA | 1992-09 | $0 |
| 17 | India Cultural Coordination Committee Inc | 6118 Franconia Rd Ste 212, Alexandria, VA 22310 | VA | 1989-12 | $0 |
| 18 | The Nansemond Indian Tribal Association Inc | Po Box 6558, Portsmouth, VA 23703 | VA | 1986-05 | $0 |
| 19 | Tidewater Scottish Festival Inc | PO BOX 4248, Virginia Bch, VA 23454-0248 | VA | 1985-03 | $0 |
| 20 | Uhuru African American Cultural Soc | 5316 River Edge Rd, Norfolk, VA 23502-3509 | VA | 1990-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,085 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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