Korea Center Of Culture And Education Inc
- Assets
- $431.2k
- Revenue
- $116.8k
- Investments
- $412.2k
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/2005
- Data as of
- 08/2023
- EIN
- 11-3530016
Organization Overview
Korea Center Of Culture And Education Inc is located in New York, NY. The organization was established in 2005. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korea Center Of Culture And Education 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 08/2023, Korea Center Of Culture And Education Inc generated $116.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $31.2k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT FOR CULTURAL AND EDUCATIONAL ACTIVITIES AND PROGRAMS IN FURTHERANCE OF CHARITABLE AND EDUCATIONAL PURPOSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Agnes Kim Trustee | 1 | $0 | |
Leslie Hong Ai Bai Trustee | 1 | $0 | |
Changboh Chee President | 1 | $0 | |
Ryan Pak Treasurer & | 1 | $0 | |
Albert Pak Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $133 |
| Dividends & Interest | $15,644 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,020 |
| Capital Gain Net Income | $1,020 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $116,797 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $275 |
| Total operating and administrative expenses | $5,949 |
| Contributions, gifts, grants paid | $25,300 |
| Total expenses and disbursements | $31,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,019 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $431,178 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Korea Center Of Culture And Education Inc has awarded $25,300 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AHL FOUNDATION PURPOSE: SUPPORT ART EXHIBITION | $300 |
AHL FOUNDATION PURPOSE: SUPPORT ART EXHIBITION | $20,000 |
ESTHER HA FOUNDATION PURPOSE: TO PROVIDE MENTAL HEALTH SUPPORT | $5,000 |