Korean Association Of Rhode Island
- Assets
- $210.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cranston, RI
- Founding
- 06/1981
- Data as of
- 12/2023
- 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 12/2023, Korean Association Of Rhode Island generated $14.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $28.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 9 years. 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 |
|---|---|---|---|
Sangwook Ji President | 8 | $0 | |
Suzanne Sharkey Treasurer | 8 | $0 | |
Heonjo Park Chair Of The Board Of Directors | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,415 |
| Total Program Service Revenue | $900 |
| Membership dues | $1,200 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $7,400 |
| Total Revenue | $14,915 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $4,351 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $475 |
| Occupancy, rent, utilities, and maintenance | $3,915 |
| Printing, publications, postage, and shipping | $587 |
| Other expenses | $18,856 |
| Total expenses | $28,184 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,549 |
| Other assets | $0 |
| Total assets | $210,286 |
| Total liabilities | $0 |
| Net assets or fund balances | $210,286 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Social Innovation Forum Inc Boston, MA | $4,049,141 | $3,532,587 |
Massachusetts Council Of Human Services Providers Inc Framingham, MA | $6,142,958 | $2,233,879 |
Human Service Forum Holyoke, MA | $278,918 | $395,510 |
Y Service Clubs International U S Area Andover, MA | $418,597 | $0 |
Korean Association Of Rhode Island Cranston, RI | $210,286 | $0 |
Rhode Island Society Of Financial Service Professionals Warwick, RI | $7,120 | $2,462 |