Korean Language Foundation Inc
- Assets
- $74.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/2010
- Data as of
- 06/2022
- EIN
- 26-1446135
Organization Overview
Korean Language Foundation Inc is located in New York, NY. The organization was established in 2010. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korean Language Foundation 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, Korean Language Foundation Inc generated $54.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $41.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 6 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 Mission:
Part 3 - Line 1
PROMOTING THE ADOPTION OF KOREAN LANGUAGE AS AN OFFICIAL FOREIGN LANGUAGE IN THE PUBLIC SCHOOLS AND EDUCATIONAL ADVANCEMENT OF KOREAN CULTURE AND LANGUAGE FOR THE STUDENTS IN NATION WIDE.
Describe the Organization's Program Activity:
Part 3
TEACHER LICENSING PROGRAM: TO GET THE KOREAN LANGUAGE TEACHER LICENSES FROM THE COLLEGE COURSE AS REQUESTED BY THE STATE REGULATIONS.
ADVERTISING EXPENSE FOR KOREAN TEACHER LICENSING PROGRAM TO THE PUBLIC OVER THE NEW YORK METROPOLITAN AREA.
KOREA VISIT PROGRAM: OFFERS OPPORTUNITIES TO VISIT KOREA FOR STUDENTS WHO ARE ENROLLED IN KOREAN LANGUAGE CLASSES IN PUBLIC MIDDLE AND HIGH SCHOOL TO GAIN AN UNDERSTANDING AND AN EXPERIENCE ABOUT ANCIENT AND MODERN KOREAN HISTORY, CULTURE, SOCIAL, ECONOMIC DEVELOPMENT OF THE KOREAN SOCIETY, AND KOREAN EDUCATION SYSTEM. PRINCIPALS IN PUBLIC MIDDLE AND HIGH SCHOOL ARE SUBJECTED TO BE SELECTED IF SCHOOLS ARE CURRENTLY HAVING KOREAN LANGUAGE CLASSES OR PLANNING TO HAVE ONE IN THE SCHOOL.
BROOKLYN PROJECT: TO SUPPORT KOREAN LANGUAGE CLASSES ACTIVITIES AT AMERICAN PUBLIC MIDDLE AND HIGH SCHOOLS OF BROOKLYN AREA IN NEW YORK CITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yung Duk Kim Chairman Of | 0 | $0 | |
Mike Heesuk Kim Vice Chairma | 0 | $0 | |
Sun Gun Lee President | 0 | $0 | |
Jong Hoon Lee Vice Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,573 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $54,573 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $15,929 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $62 |
| Other expenses | $25,832 |
| Total expenses | $41,823 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $74,504 |
| Other assets | $0 |
| Total assets | $74,504 |
| Total liabilities | $0 |
| Net assets or fund balances | $74,504 |