Korean American Bar Association of Northern California

What it reported doing in 2024

Kabanc is comprised of 6 committees that endeavor to involve the legal community in the bay area to assist, engage, and contribute to the local korean and korean-american community.1. Mentorship committeekabanc's mentorship committee is designed to create mentorship pods/families of bay area kabanc law students, junior attorneys, and senior attorneys who are members of kabanc. The program is intended to: (1) foster relationships between kabanc law students and both junior and senior attorneys, providing the student with a variety of perspectives on law school, the bar, and the practice of law; and (2) foster relationships between more experienced attorneys and junior attorneys who may be new to the practice or who are traversing the critical first few years of practice and would gain from the guidance.2. Social committeekabanc's social committee strives to foster relationships between kabanc members and affiliate organizations. We believe that building strong relationships within the legal community nurtures professional and personal growth, and we strive to ensure that our kabanc members have the opportunity to develop these relationships. As part of this goal, the social committee organizes a number of events, including mixers, joint events with other organizations, our annual gala, and various other outings.3. Scholarship committeekabanc strives to serve the korean american and broader community, by educating the korean american community about legal and other issues of interest which impact our community. Aligned with this mission, every year, kabanc's scholarship committee undertakes the critical role of reviewing applications for the annual bar study scholarship of the "kabanc foundation" (a separate entity and 501(c)(3)), interviewing and selecting a candidate who has demonstrated strong academic achievement, leadership and commitment to community service, particularly to the korean and korean-american community and other diverse communities. The scholarship is awarded by the kabanc foundation from donations made to kabanc foundation at the annual kabanc gala.4. Pro bono committeekabanc encourages its members to volunteer at local legal outreach programs and clinics. Many asian americans, including korean americans, in the bay area cannot afford legal services. The kabanc pro bono committee hosts at least two (2) pro bono clinics per year in the bay area.5. Endorsement committeethe purpose of the kabanc endorsements committee is to promote the appointment of qualified judicial candidates to the federal and state judiciary and other governmental positions who have demonstrated a commitment to the asian pacific american community or to any other minority or disenfranchised group. We evaluate potential candidates as well as identify and encourage qualified asian americans to apply for judicial positions. Kabanc's judicial endorsements committee actively seeks out worthy candidates for nomination and endorsements and welcomes inquiries about the judicial application process or request for endorsement. 6. Gala committeekabanc's gala committee is designed to promote kabanc's mission in the community through an annual gala. The gala brings together the funds to keep kabanc operating and also enable the other activities throughout the year with the other committees. Gala committee strives to not only host the gala, but also to honor individuals who have made an impact in the korean-american legal community and also bring together sponsors all across the bay area. Summary of kabanc's annual activities:1. Organize 2 mentorship mixers for its members.2. Organize 3 to 4 mixers or networking events and additional (3 to 4) events are co-hosted or co-sponsored with other minority bar organizations and professional development organizations.3. Organize outreach to law students to participate in kabanc, networking, and mentoring. 4. Board members try to meet for monthly board meetings.5. Kabanc organizes an annual gala to raise funds fo

Financial Efficiency

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

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: 54.2%; rating input score 92; 92nd percentile among comparable filings
• Total-asset coverage ratio: 3.43; rating input score 77; 77th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

• Program expense growth: 9.7% per year; rating input score 100; 71st percentile among comparable filings
• Revenue growth: 34.1% per year; rating input score 100; 95th percentile among comparable filings
• Asset growth: 4.2% per year; rating input score 100; 55th percentile among comparable filings