Korean Community Center

Tax-deductible

Alexandria, VA501(c)(3)Since 2013Arts & CultureEIN 46-3471871Revenue $522K in FY2025

On file with the IRSkccnow.org6601 Little River Tpke Ste 200, 22312-1315 · Alexandria, VATax-exempt since Dec 2016Publicly supported charity — 170(b)(1)(A)(vi)

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To raise funds and conduct work that supports the creation of a Koren Community Center that provides services and cultural opportunities that allow Korean and non-Koreans to develop as healthy, self-sufficient , and engaged community members.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $4K a year · under 1% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.5M
35% of total assets
Looks good: liabilities are 35% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$522K
-8% vs prior year
Spent
$446K
Net assets
$2.9M
By yearFY2020–FY2025
Revenue
$522K
FY2025▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2020$407K
FY2021$396K
FY2022$280K
FY2023$578K
FY2024$569K
FY2025$522K
Expenses
$446K
FY2025▲ +20%
Tap a bar for its year
Expenses by fiscal year
FY2020$383K
FY2021$319K
FY2022$468K
FY2023$739K
FY2024$372K
FY2025$446K
Net assets
$2.9M
FY2025▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.9M
FY2021$3.0M
FY2022$2.8M
FY2023$2.6M
FY2024$2.8M
FY2025$2.9M

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Exemption reinstated (2016-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Dec 2016.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Management & general 100% · $446K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
Goverance Committe Chair
$0Pt VII · Sec A
Finding Home Committe Chair
$0Pt VII · Sec A
Membership Committe Chair
$0Pt VII · Sec A
Financing Committe Chair
$0Pt VII · Sec A
See Korean Community Center executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Builds a community center offering services and cultural programs for Korean and non-Korean residents.

Questions for Korean Community Center

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Provided by the organization

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1 program · in their own filed words · FY2025
01

Fund raising

Pt IX · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$522K
Ln 12
Other incomeLn 4–11$489K
Gifts and grantsLn 1h$34K
Money outPt IX
$446K
Ln 25
Managementcol C$446K
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$115K
Total assetsLn 16$4.4M
LiabilitiesLn 26$1.5M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$34K
Other incomeLn 4–11$489K
Total revenueLn 12$522K
Assets in detailPt X, end of year
CashLn 1$115K
Cash and savings togetherLn 1–2$115K
Land, buildings, equipmentLn 10c$4.3M
Total assetsLn 16$4.4M
LiabilitiesLn 26$1.5M
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$133K$115K
Land, buildings, equipmentLn 10c$4.3M$4.3M
Total assetsLn 16$4.4M$4.4M
LiabilitiesLn 26$1.6M$1.5M
Net assetsLn 32$2.8M$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$22K$22K
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$2K$2K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$14K$14K
Office expensesLn 13$18K$18K
Information technologyLn 14$1K$1K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$50K$50K
Payments to affiliatesLn 21$1K$1K
Depreciation, depletion and amortizationLn 22$81K$81K
InsuranceLn 23$557$557
Other expenses (24a–d)Ln 24$236K$236K
All other expensesLn 24e$11K$11K
Total functional expensesLn 25$446K$0$446K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $522K$446K$76K$2.9M 990 PDF
FY2024 $569K$372K$197K$2.8M 990 PDF
FY2023 $578K$739K−$161K$2.6M 990 PDF
FY2022 $280K$468K−$188K$2.8M 990 PDF
FY2021 $396K$319K$77K$3.0M 990 PDF
FY2020 $407K$383K$24K$2.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $522,118 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $279,685$33,500
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $289,132$488,618
I-12 Total revenuePrior year $568,817$522,118
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $371,975$446,327
I-18 Total expensesPrior year $371,975$446,327
I-19 Revenue less expensesPrior year $196,842$75,791
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $522,118 across 4 lines filed
VIII-1f All other contributions, gifts and grants$33,500
VIII-1h Total contributions, gifts and grants$33,500
VIII-6 Net rental income or loss$488,618
VIII-12 Total revenue$522,118
Part IX · Statement of functional expenses $446,327 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesManagement $21,951$21,951
IX-11b Legal feesManagement $6,660$6,660
IX-11c Accounting feesManagement $1,500$1,500
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionManagement $14,458$14,458
IX-13 Office expensesManagement $18,141$18,141
IX-14 Information technologyManagement $1,300$1,300
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsManagement $2,300$2,300
IX-20 InterestManagement $50,431$50,431
IX-21 Payments to affiliatesManagement $1,000$1,000
IX-22 Depreciation, depletion and amortizationManagement $80,660$80,660
IX-23 InsuranceManagement $557$557
IX-24 Other expenses (24a–d)Management $236,280$236,280
IX-24e All other expensesManagement $11,089$11,089
IX-25 Total functional expensesPrograms $0 · Management $446,327 · Fundraising $0$446,327
Part X · Balance sheet $4,423,842 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $133,370$115,066
X-10c Land, buildings and equipment, netStart of year $4,296,686$4,308,776
X-16 Total assetsStart of year $4,430,056$4,423,842
X-25 Other liabilities$4,000
X-26 Total liabilitiesStart of year $1,612,894$1,530,889
X-28 Net assets with donor restrictionsStart of year $2,817,162$2,892,953
X-32 Total net assets or fund balancesStart of year $2,817,162$2,892,953
X-33 Total liabilities and net assetsStart of year $4,430,056$4,423,842
Part XI · Reconciliation of net assets $2,892,953 net assets at year end
XI-1 Total revenue$522,118
XI-2 Total expenses$446,327
XI-3 Revenue less expenses$75,791
XI-4 Net assets at start of year$2,817,162
XI-10 Net assets at end of year$2,892,953

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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