Overview
What is Korean American Family Services Inc?
Korean American Family Services Inc is a nonprofit organization situated in Los Angeles, California. With a team of 50 dedicated individuals, their mission is to empower underserved Korean American and Asian Pacific Islander families. They achieve this through culturally responsive programs, offering support and strengthening families and individuals in the greater Los Angeles area. One of their key initiatives is the Child Care Food Program (CCFP), which ensures over 4,000 low-income children receive healthy and nutritious meals daily. They accomplish this by training, advising, and monitoring hundreds of licensed child day care providers. Their reach extends to both in-home and day care centers, ensuring that the nutritional needs of these children are met.
Official website here: www.kfamla.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Korean American Family Services Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. This high score is based entirely on a single beacon score, showcasing the organization’s commitment to responsible fiscal management and transparency. The organization operates with a substantial level of oversight, evidenced by its independent board members and thorough financial practices.
The nonprofit demonstrates exceptional accountability with 100% of its board members being independent, which enhances its governance structure. Additionally, it maintains rigorous financial standards, with a program expense ratio of 93.73%, highlighting that a significant portion of its resources is directed towards its mission. The presence of comprehensive policies, including conflict of interest and whistleblower protections, further reinforces its commitment to ethical practices.
While the organization excels in financial accountability, the summary does not provide specific details regarding its overall impact or the effectiveness of its programs. Understanding the outcomes of its services could provide a fuller picture of its contributions to the community it serves. However, the financial stability and governance practices are commendable and suggest a well-managed nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Korean American Family Services Inc legitimate?
Korean American Family Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Korean American Family Services Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $221,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,697,000
For more financial information, click here
Official website here: www.kfamla.org
What is the mission statement of Korean American Family Services Inc?
Korean American Family Services Inc's mission is to empower underserved Korean American and Asian Pacific Islander families through culturally responsive programs. Their primary objective is to support and strengthen Korean American families and individuals in various aspects of their lives, providing counseling, education, and social services. This organization operates in the greater Los Angeles area, striving to improve the well-being of its community members. The Child Care Food Program is one of their initiatives, ensuring that low-income children receive healthy and nutritious meals daily, through training, advising, and monitoring licensed child day care providers.
Official website here: www.kfamla.org
Who is the CEO of Korean American Family Services Inc?
Katherine Yeom is the Board Chair of Korean American Family Services Inc.
Official website here: www.kfamla.org
What is the revenue of Korean American Family Services Inc?
Korean American Family Services Inc's revenue in 2022 was $6,672,739.
Official website here: www.kfamla.org
Who are the executives of Korean American Family Services Inc and what are their salaries?
The average compensation at Korean American Family Services Inc during 2022 was $38,364. There are 50 employees and 31 volunteers at Korean American Family Services Inc.
Here are 14 key members and their salaries:
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- Compensation: $120,000
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- Compensation: $101,200
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Official website here: www.kfamla.org
Where can I find the form 990 for Korean American Family Services Inc?
Korean American Family Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kfamla.org
Learn more at the official website: www.kfamla.org
Mission Statement of Korean American Family Services Inc
Korean American Family Services Inc, a nonprofit organization, is dedicated to empowering underserved Korean American and Asian Pacific Islander families in the greater Los Angeles area. Through culturally responsive programs, they aim to support and strengthen these families and individuals. Their mission is multifaceted, encompassing counseling, education, and various social services.
At the heart of their mission is the Child Care Food Program (CCFP). This federally and state-funded initiative plays a vital role in ensuring that many low-income children receive nutritious and healthy meals every day. Korean American Family Services Inc trains, advises, and monitors hundreds of licensed child day care providers to ensure that over 4,000 children are well-nourished. The CCFP has two divisions: CCFP Home, which oversees licensed in-home child day care providers, and CCFP Center, which manages licensed day care centers.
In essence, Korean American Family Services Inc is committed to uplifting their community by providing essential services and resources. Their mission is to empower families, promote health and well-being, and foster a supportive environment for Korean American and Asian Pacific Islander families in Los Angeles.
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Impact
July, 2024
Korean American Family Services Inc empowers underserved Korean American and Asian Pacific Islander families through culturally responsive programs. One impactful program they offer is the Child Care Food Program (CCFP), which provides healthy and nutritious meals to over 4,000 low-income children daily. This program is vital in ensuring that these children have access to proper nutrition, contributing to their overall health and well-being. By training, advising, and monitoring licensed child day care providers, Korean American Family Services Inc plays a crucial role in supporting the nutritional needs of children in the Greater Los Angeles area.
This information is meant to be a general summary of Korean American Family Services Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,086
- Program Service Revenue: $110,571
- Gross Receipts: $6,768,127
Assets and Liabilities:
- Total Assets: $3,016,058
- Total Liabilities: $496,757
- Net Assets: $2,519,301
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$110,571
Organization Details
Founding Year
1983
Phone
(213) 389-6755Principal Officer
Katherine Yeom
Main Address
3727 WEST 6TH STREET 320, LOS ANGELES, CA, 90020
Website
www.kfamla.orgNTEE Category
Code: P840 - Human services
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