Korean Academy Of Colorado Inc
- Assets
- $201.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Highlands Ranch, CO
- Founding
- 06/2008
- Data as of
- 06/2022
- EIN
- 26-1669059
Organization Overview
Korean Academy Of Colorado Inc is located in Highlands Ranch, CO. The organization was established in 2008. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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 Academy Of Colorado 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 Academy Of Colorado Inc generated $105.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $88.7k during the year ending 06/2022. While expenses have increased by 9.4% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE KOREAN ACADEMY OF COLORADO OFFERED 3 HOURS OF LANGUAGE AND CULTURAL EDUCATION TO THE PUBLIC ON SATURDAYS DURING THE FALL AND SPRING SEMESTERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Ervin Vice President | 1 | $0 | |
Jun Sang Park In-House Auditor | 1 | $0 | |
Eunju Kim Principal | 5 | $0 | |
Brett E Myers Secretary | 1 | $0 | |
Irena Topoz Treasurer | 1 | $0 | |
David Chung President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,324 |
| Total Program Service Revenue | $70,750 |
| Membership dues | $0 |
| Investment income | $32 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $105,106 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $58,620 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $10,320 |
| Printing, publications, postage, and shipping | $120 |
| Other expenses | $19,681 |
| Total expenses | $88,741 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $197,149 |
| Other assets | $0 |
| Total assets | $201,648 |
| Total liabilities | $31,794 |
| Net assets or fund balances | $169,854 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Korean Academy Of Colorado Inc has recieved totaling $471.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $471 |
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