Kacpa Society of Ny & Nj Inc
Nonprofit profile at a glance
- EIN
- 831764452
- IRS 990-EZ coverage
- 2018–2024
- Forms available
- Form 990-EZ 2024
- Location
- New York, NY, USA
- Phone
- 2126298565
- Rating
- 94
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Business and Industry
Reported finances
- Revenue
- $54,350
- Expenses
- $55,235
- Assets
- $14,493
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- YOUNG DON KIM (PRESIDENT)
People named in this filing
- YOUNG DON KIM (PRESIDENT)
- JEEN W LEE (VICE PRESIDE)
- DANIEL H LEE (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote and advance the interests of korean-american certificed pubilic accountants within the New Jersey and New York area; to foster a spirit of friendship and benevolence amongst its members; to endeavor to inculcate and maintain high morale amongst it members; to create a networking platform to exchange educational information and knowledge amongst its members; to advance and promote, in word and deed, the spiritual and material welfare of its members; and to do any other act or thing incidental to or connected with the foregoing purposes or in advancement thereof, but not for the pecuniary profit of financial gain of the directors or officers of the corporation.
What it reported doing in 2024
To promote the prosperity and sustainable development of the korean american community through cultural preservtion and economic empowerment.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 97
- Transparency & Controls: 100
- Sustainability: 31
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 97.6%; rating input score 98
- Program expense ratio: 96%; rating input score 96
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -1.6%; rating input score 41; 41st percentile among comparable filings
- Total-asset coverage ratio: 0.26; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 53.4% per year; rating input score 100; 94th percentile among comparable filings
- Revenue growth: 14.8% per year; rating input score 100; 87th percentile among comparable filings
- Asset growth: -0.9% per year; rating input score 0; 35th percentile among comparable filings
Details
- Where the money goes: 97.6% of revenue deployed · 96% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $53K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 7 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 41/100.
- High — Sustainability: Total-asset coverage ratio scored 19/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.