Koam Education Alliance
- Assets
- $111.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Eden Prairie, MN
- Founding
- 08/2006
- Data as of
- 12/2022
- EIN
- 20-3380172
Organization Overview
Koam Education Alliance is located in Eden Prairie, MN. The organization was established in 2006. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2022, Koam Education Alliance employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Koam Education Alliance 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 12/2022, Koam Education Alliance generated $186.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (18.1%) each year. All expenses for the organization totaled $103.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (25.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
DURING 2022 KOAM HAD A TOTAL OF 9 EXCHANGE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Haewon Park Director | 10 | $9,000 | |
Jae Park Director | 15 | $34,000 | |
Nicole Riebe Director | 0 | $0 | |
Natalie Park Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $186,859 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $186,859 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $43,300 |
| Salaries, other compensation, and employee benefits | $46,290 |
| Professional fees and other payments to independent contractors | $979 |
| Occupancy, rent, utilities, and maintenance | $1,200 |
| Printing, publications, postage, and shipping | $95 |
| Other expenses | $11,748 |
| Total expenses | $103,612 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $111,123 |
| Other assets | $0 |
| Total assets | $111,123 |
| Total liabilities | $258,153 |
| Net assets or fund balances | -$147,030 |