Korean Association Of Rhode Island
- Assets
- $229.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cranston, RI
- Founding
- 06/1981
- Data as of
- 12/2021
- EIN
- 05-0384058
Organization Overview
Korean Association Of Rhode Island is located in Cranston, RI. The organization was established in 1981. According to its NTEE Classification (P03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korean Association Of Rhode Island is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Korean Association Of Rhode Island generated $36.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $20.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Sharkey Treasurer | 8 | $0 | |
Sangwook Ji President | 8 | $0 | |
Heonjo Park Chair Of The Board Of Directors | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,234 |
| Total Program Service Revenue | $800 |
| Membership dues | $1,160 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $6,000 |
| Total Revenue | $36,194 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $1,920 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $425 |
| Occupancy, rent, utilities, and maintenance | $8,629 |
| Printing, publications, postage, and shipping | $113 |
| Other expenses | $9,427 |
| Total expenses | $20,514 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $34,640 |
| Other assets | $0 |
| Total assets | $229,377 |
| Total liabilities | $0 |
| Net assets or fund balances | $229,377 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Korean Association Of Rhode Island has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: EXPANSION ARTS 2022 | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Social Innovation Forum Inc Boston, MA | $3,040,059 | $3,065,540 |
Massachusetts Council Of Human Services Providers Inc Framingham, MA | $5,679,255 | $2,568,602 |
Human Service Forum Holyoke, MA | $226,746 | $360,353 |
Korean Association Of Rhode Island Cranston, RI | $229,377 | $0 |
Rhode Island Society Of Financial Service Professionals Warwick, RI | $6,656 | $2,539 |