Korean American Association of Bakersfield

Nonprofit profile at a glance

EIN
820564947
IRS 990-EZ coverage
2010–2017
Forms available
Form 990-EZ 2017, Form 990-N 2015
Location
Bakersfield, CA, USA
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Cultural, Ethnic Awareness

Reported finances

Revenue
$5,820
Expenses
$5,680
Assets
$140

Source: IRS Form 990-EZ. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

1 person listed

Executive titles in this filing

  • JEON HEI KIM (President)

People named in this filing

  • JEON HEI KIM (President)

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 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Mission Statements: Charitable purpose: The organization provides charitable, and educational services beneficail to Korean American who lives in Kern County, California and who are in need of financial assistance and/or distressed or under privileged. Especially, the organization provides charitable services for those who have dificulties due to language barrier and /or cultual differnces.Education purpose: The organization provides educational services to the Korean-American Community, especially for senior citizens and young children. Educational services to Korean American Community include providing information about the American election system, U S history, and cultual studies via seminars and field trips. Education services for young children(i.e. second/third generation Korean American) including providing lessons on Korean langusges, Korean history and culture including Korean traditional folk dancing at Korean Language School in Bakersfield, California.Scholarship: The organiza

What it reported doing in 2017

The organization provides charitable services beneficial to Korean American who lives in Kern County, California and who are in need of financial assitance and /or distressed or under prvileged. Especially, the organization providers charitables services for those who have difficulties due to language barrier and /or cultual differences.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Direct operator. The filing allocates 100% 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. Revenue has declined or grown slowly and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 82
  • Sustainability: 32
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 97.6%; rating input score 98
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 2.4%; rating input score 51; 51st percentile among comparable filings
  • Total-asset coverage ratio: 0.02; rating input score 5; 5th 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: Limited
  • Revenue growth: -23.2% per year; rating input score 0; 14th percentile among comparable filings
  • Asset growth: -28.3% per year; rating input score 0; 8th percentile among comparable filings

Details

  • Where the money goes: 97.6% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $6K in reported program spending
  • Leadership: top reported pay $0 · 1 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2010 to 2017
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 5/100.
  • Review — Sustainability: Operating margin scored 51/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.
  • High — Grant Readiness: California registration: this organization is not authorized to operate as a charity in California.