Gyopo FY2023 filing

Tax-deductible

Los Angeles, CA501(c)(3)Arts & CultureEIN 84-2561176Revenue $908K in FY2023

On file with the IRSgyopo.us801 S Vermont Ave Ste 201, 90005-1566 · Los Angeles, CATax-exempt since Aug 2019Publicly supported — 509(a)(2)

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GYOPO galvanizes diasporic Korean cultural producers and the community to generate progressive critical, intersectional, and intergenerational discourses and community alliances through free public programs in Los Angeles and beyond. A 501c(3) non-profit organization, GYOPO is a cross-cultural, multi-issue platform for the Korean diaspora intersecting with other marginalized identities.

501(c)(3) charity; gifts are tax-deductible.
49¢ of each $1 spent went to programs.
$62K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $219K a year · 43% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
49%
of spending
Concern: 49% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$62K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
16 mo
of spending, in cash
Looks good: 15.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $249K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$908K
+141% vs prior year
Spent
$335K
To programs
49%
Net assets
$812K
By yearFY2021–FY2024
Revenue
$908K
FY2023▲ +141%
Tap a bar for its year
Revenue by fiscal year
FY2021$230K
FY2022$376K
FY2023$908K
FY2024$522K
Expenses
$335K
FY2023▲ +53%
Tap a bar for its year
Expenses by fiscal year
FY2021$181K
FY2022$219K
FY2023$335K
FY2024$424K
Net assets
$812K
FY2023▲ +234%
Tap a bar for its year
Net assets by fiscal year
FY2021$65K
FY2022$243K
FY2023$812K
FY2024$832K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2019.

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

Where the money goes

49 cents of each dollar spent went to programs.

Program services 49% · $164K Management & general 21% · $71K Fundraising 30% · $100K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $62K paid to officers and key staff.

Part VII, Section A · reportable compensation
$62,100Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Yoon Ju Ellie Lee’s $67K as Secretary is at the 62nd percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2021
Yoon Ju Ellie Lee$67,050$62,100$7,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Fosters critical dialogue and community among diasporic Koreans through free public programs.

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Provided by the organization

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1 program · $164K · in their own filed words · FY2023
01

GYOPO organizes free educational programs, workshops, and events centering diasporic Korean cultural producers. In 2023, GYOPO produced a total of thirty programs, five artist/ curator talks, five discursive programs, seven screenings and performances, four art exhibition walkthroughs, five workshops, and four programs for our community…

$164Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 6 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$908K
Ln 12
Gifts and grantsLn 1h$848K
Other incomeLn 4–11$61K
Money outPt IX
$335K
Ln 25
Programscol B$164K
Managementcol C$71K
Fundraisingcol D$100K
Owns and owesPt X
$812K
net assets · Ln 32
Cash and savingsLn 1–2$436K
Total assetsLn 16$815K
LiabilitiesLn 26$3K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$848K
Government grantsLn 1e$47K
Fundraising eventsLn 1c$77K
Other incomeLn 4–11$61K
Total revenueLn 12$908K
Assets in detailPt X, end of year
CashLn 1$436K
Cash and savings togetherLn 1–2$436K
InvestmentsLn 11–13$300K
Total assetsLn 16$815K
LiabilitiesLn 26$3K
Net assetsLn 32$812K
OperationsPt I, VI
EmployeesI 52
VolunteersI 670
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$300K$436K
InvestmentsLn 11–13$300K
Total assetsLn 16$300K$815K
LiabilitiesLn 26$57K$3K
Net assetsLn 32$243K$812K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$63K$21K$21K$21K
Payroll taxesLn 10$5K$2K$2K$2K
Accounting feesLn 11c$9K$9K
Professional fundraising feesLn 11e$2K$2K
Other fees for servicesLn 11g$68K$34K$13K$20K
Advertising and promotionLn 12$2K$184$2K
Office expensesLn 13$23K$11K$8K$4K
Information technologyLn 14$7K$2K$2K$3K
OccupancyLn 16$35K$25K$10K$157
TravelLn 17$11K$10K$21$461
Conferences, conventions and meetingsLn 19$18K$9K$9K
InsuranceLn 23$2K$606$606$606
Other expenses (24a–d)Ln 24$86K$49K$5K$32K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$335K$164K$71K$100K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $522K$424K$97K$832K 990 PDF
FY2023 Viewing $908K$335K$573K$812K 990 PDF
FY2022 $376K$219K$158K$243K 990 PDF
FY2021 $230K$181K$49K$65K 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 FY2023 990 (6 parts)
Part I · Summary $908,392 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $289,182$847,842
I-9 Program service revenuePrior year $87,028$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$60,550
I-12 Total revenuePrior year $376,210$908,392
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $60,000$68,085
I-16a Professional fundraising feesPrior year $0$1,590
I-17 Other expensesPrior year $158,684$265,434
I-18 Total expensesPrior year $218,684$335,109
I-19 Revenue less expensesPrior year $157,526$573,283
Part VI · Governance 6 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $908,392 across 9 lines filed
Lines not itemized here account for $35,375 of total revenue; see the IRS return.
VIII-1b Membership dues$70,000
VIII-1c Fundraising events$77,420
VIII-1e Government grants$46,655
VIII-1f All other contributions, gifts and grants$653,767
VIII-1h Total contributions, gifts and grants$847,842
VIII-6 Net rental income or lossExcluded from tax $9,600$9,600
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $15,575$15,575
VIII-12 Total revenueRelated to mission $35,375 · Unrelated business $0 · Excluded from tax $25,175$908,392
Part IX · Statement of functional expenses $335,109 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $20,875 · Management $20,875 · Fundraising $20,875$62,625
IX-10 Payroll taxesPrograms $1,820 · Management $1,820 · Fundraising $1,820$5,460
IX-11c Accounting feesManagement $9,475$9,475
IX-11e Professional fundraising feesFundraising $1,590$1,590
IX-11g Other fees for servicesPrograms $34,015 · Management $13,158 · Fundraising $20,487$67,660
IX-12 Advertising and promotionPrograms $184 · Fundraising $2,000$2,184
IX-13 Office expensesPrograms $10,920 · Management $7,969 · Fundraising $4,450$23,339
IX-14 Information technologyPrograms $1,843 · Management $1,843 · Fundraising $3,155$6,841
IX-16 OccupancyPrograms $24,937 · Management $10,265 · Fundraising $157$35,359
IX-17 TravelPrograms $10,422 · Management $21 · Fundraising $461$10,904
IX-19 Conferences, conventions and meetingsPrograms $8,896 · Fundraising $8,693$17,589
IX-23 InsurancePrograms $606 · Management $606 · Fundraising $606$1,818
IX-24 Other expenses (24a–d)Programs $49,374 · Management $4,965 · Fundraising $31,530$85,869
IX-24e All other expensesFundraising $4,396$4,396
IX-25 Total functional expensesPrograms $163,892 · Management $70,997 · Fundraising $100,220$335,109
Part X · Balance sheet $815,462 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $300,025$435,752
X-4 Accounts receivable$79,710
X-12 Other securities$300,000
X-16 Total assetsStart of year $300,025$815,462
X-17 Accounts payable and accrued expenses$2,181
X-25 Other liabilitiesStart of year $57,118$1,248
X-26 Total liabilitiesStart of year $57,118$3,429
X-32 Total net assets or fund balancesStart of year $242,907$812,033
X-33 Total liabilities and net assetsStart of year $300,025$815,462
Part XI · Reconciliation of net assets $812,033 net assets at year end
XI-1 Total revenue$908,392
XI-2 Total expenses$335,109
XI-3 Revenue less expenses$573,283
XI-4 Net assets at start of year$242,907
XI-8 Prior period adjustments−$4,157
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$812,033

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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