Koreatown Youth and Community Center

Nonprofit profile at a glance

EIN
953779389
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Los Angeles, CA, USA
Phone
2133657400
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Ethnic, Immigrant Centers

Official website

Reported finances

Revenue
$22,520,079
Expenses
$21,521,196
Assets
$13,529,509
Liabilities
$5,248,579

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • TED KIM (PRESIDENT)
  • TEDDY ZEE (VICE PRESIDENT)
  • JOHNG HO SONG (EXECUTIVE DIRECTOR)

Highest reported compensation

  • JOHNG HO SONG (EXECUTIVE DIRECTOR): $307,073 total reported compensation
  • JOSEPH ST JOHN (CHIEF OPERATING OFFCER): $223,012 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Kycc's programs and services are directed toward recently immigrated, economically disadvantaged youth and their families, and promote community socio-economic empowerment.

What it reported doing in 2024

Kycc provides multiple services to the koreatown community including afterschool programs and a full-day summer camp at low or no cost. Kids town preschool delivers tri-lingual early childhood education for children ages two to five years. Kycc's prevention education unit provides trainings and workshops for youth, parents and the los angeles unified school district (lausd). These programs and workshops increase community protective factors, including social emotional learning and resiliency and open communication between youth and parents. Kycc provides supportive housing and tenant services to residents in our affordable housing buildings and time-limited rental assistance and housing navigation through lahsa and community supports. The koreatown storytelling program is an intergenerational, multilingual, and multiethinic oral history and digital media program for high school students, adults, and older adults. Kycc's familysource center is a hub for families with children providing a prevention framwork that focusses on improving housing stability, increasing financial secruity, and improving academic achievement.

Operating model

Revenue model
Grant-funded. 76% of the money available for current operations came from government grants.
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. Fundraising costs are high for each dollar raised and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 81
  • Accountability: 100
  • Sustainability: 44
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74.2%; rating input score 74
  • Program expense ratio: 77.6%; rating input score 78
  • Fundraising efficiency: $19.66 raised per $1 spent on fundraising; rating input score 56; 56th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.1%; rating input score 94; 20th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 4.4%; rating input score 52; 52nd percentile among comparable filings
  • Total-asset coverage ratio: 0.63; rating input score 21; 21st percentile among comparable filings
  • Liabilities to assets ratio: 0.39; rating input score 38; 38th percentile among comparable filings
  • Officer compensation ratio: 2.5%; rating input score 73; 73rd percentile among comparable filings

Growth

  • Program expense growth: 12.3% per year; rating input score 100; 78th percentile among comparable filings
  • Revenue growth: 11.8% per year; rating input score 100; 80th percentile among comparable filings
  • Asset growth: 9.7% per year; rating input score 100; 64th percentile among comparable filings

Details

  • Where the money goes: 74.2% of revenue deployed · 77.6% of spending went to programs
  • Governance: 17 of 17 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $16.7M in reported program spending
  • Leadership: top reported pay $307K · 19 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 32 of 33 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

  • Review — Financial Efficiency: Fundraising efficiency scored 56/100.
  • High — Sustainability: Total-asset coverage ratio scored 21/100.
  • Review — Sustainability: Operating margin scored 52/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Liabilities to assets ratio scored 38/100.