National Korean American Service And Education Consortium Inc
- Assets
- $3.3m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 61
- Location
- Chicago, IL
- Founding
- 12/1996
- Data as of
- 06/2022
- EIN
- 11-3303986
Organization Overview
National Korean American Service And Education Consortium Inc is located in Chicago, IL. The organization was established in 1996. According to its NTEE Classification (R30) the organization is classified as: Intergroup & Race Relations, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 06/2022, National Korean American Service And Education Consortium Inc employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Korean American Service And Education Consortium Inc 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 06/2022, National Korean American Service And Education Consortium Inc generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.7% each year . All expenses for the organization totaled $3.0m during the year ending 06/2022. While expenses have increased by 16.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, National Korean American Service And Education Consortium Inc has awarded 24 individual grants totaling $6,027,725. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ORGANIZE KOREAN AND ASIAN AMERICANS TO ACHIEVE SOCIAL, RACIAL AND ECONOMIC JUSTICE
Describe the Organization's Program Activity:
Part 3 - Line 4a
CIVIC PARTICIPATION - PROMOTING AND HELPING KOREAN AMERICAN AND IMMIGRANTS OBTAIN AMERICAN CITIZENSHIP AND VOTING RIGHTS WITH THE GREATER GOAL OF BUILDING A NATIONAL MOVEMENT FOR SOCIAL CHANGE; AND HELPING KOREAN AMERICANS AND IMMIGRANTS PROTECT THEIR CIVIL RIGHTS AND LIBERTIES.
FISCAL SPONSORSHIP AND ADOPTEE RIGHTS
CIVIC PARTICIPATION - PROMOTING AND HELPING KOREAN AMERICAN AND IMMIGRANTS OBTAIN AMERICAN CITIZENSHIP AND VOTING RIGHTS WITH THE GREATER GOAL OF BUILDING A NATIONAL MOVEMENT FOR SOCIAL CHANGE; AND HELPING KOREAN AMERICANS AND IMMIGRANTS PROTECT THEIR CIVIL RIGHTS AND LIBERTIES.
FISCAL SPONSORSHIP AND ADOPTEE RIGHTS
IMMIGRANT RIGHTS - ENHANCING THE LIVES OF KOREAN AMERICANS AND IMMIGRANTS THROUGH EDUCATION, ADVOCACY, CULTURE AND COMMUNITY SERVICES.
IMMIGRANT RIGHTS - ENHANCING THE LIVES OF KOREAN AMERICANS AND IMMIGRANTS THROUGH EDUCATION, ADVOCACY, CULTURE AND COMMUNITY SERVICES.
EDUCATION ACCESS AND YOUTH EMPOWERMENT - HELPING KOREAN AMERICANS AND IMMIGRANTS ACCESS IN-STATE TUITIONS AND SCHOLARSHIPS REGARDLESS OF THEIR IMMIGRATION STATUS; AND CARING FOR THE GROWTH OF KOREAN AMERICAN AND IMMIGRANT YOUTH DEVELOPMENT AND LEADERSHIP.
SERVICES & OUTREACHES - PROVIDING ASSISTANCE WITH CITIZENSHIP APPLICATIONS AND FINDING LOW-COST HEALTH PROVIDERS FOR COMMUNITY MEMBERS IN THE NORTHERN VIRGINIA REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ju Hong Chair | Trustee | 1 | $0 |
Amanda Lowrey Director | Trustee | 1 | $0 |
Liz Hanna Rubio Secretary | Trustee | 1 | $0 |
Hee Sook Kim Treasurer | Trustee | 1 | $0 |
Ga Young Chung Director | Trustee | 1 | $0 |
Dan Choi Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,887,002 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,887,002 |
| Total Program Service Revenue | $0 |
| Investment income | $761 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,887,763 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $725,748 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,417,213 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $121,742 |
| Fees for services: Management | $311,247 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,430 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,291 |
| Advertising and promotion | $11,763 |
| Office expenses | $55,540 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $75,053 |
| Travel | $181,210 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,184 |
| All other expenses | $0 |
| Total functional expenses | $3,041,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,051,235 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,176,755 |
| Accounts receivable, net | $80,526 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,514 |
| Total assets | $3,315,030 |
| Accounts payable and accrued expenses | $279,740 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $279,740 |
| Net assets without donor restrictions | $2,861,484 |
| Net assets with donor restrictions | $173,806 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,315,030 |
Grants Awarded
Over the last fiscal year, National Korean American Service And Education Consortium Inc has awarded $558,249 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR THIRD WORLD ORGANIZING PURPOSE: EDUCATION | $20,019 |
WOORI CENTER PURPOSE: IMMIGRANT RIGHTS AND CIVIC PARTICIPATION | $260,980 |
MINKWON CENTER FOR COMMUNITY ACTION PURPOSE: IMMIGRANT RIGHTS AND CIVIC PARTICIPATION | $100,000 |
ASIAN AMERICAN LEGAL DEFENSE AND EDUCATION FUND PURPOSE: IMMIGRANT RIGHTS AND CIVIC PARTICIPATION | $22,500 |
HANA CENTER PURPOSE: IMMIGRANT RIGHTS AND CIVIC PARTICIPATION | $64,750 |
NEW VENTURE FUND PURPOSE: IMMIGRANT RIGHTS AND CIVIC PARTICIPATION | $25,000 |