Korean Heritage Foundation Inc
- Assets
- $1.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Falls Church, VA
- Founding
- 10/2008
- Data as of
- 12/2022
- EIN
- 26-1773029
Organization Overview
Korean Heritage Foundation Inc is located in Falls Church, VA. The organization was established in 2008. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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 Heritage 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 12/2022, Korean Heritage Foundation Inc generated $3.0k 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 (3.5%) each year. All expenses for the organization totaled $1.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.5%) 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
THE KOREAN HERITAGE FOUNDATION HAS BEEN ESTABLISHED IN ORDER TO ENCOURAGE AND PROMOTE THE FREE EXCHANGE OF CULTURAL TRADITIONS AND ARTISTIC EXPRESSION BETWEEN THE REPUBLIC OF KOREA AND THE UNITED STATES OF AMERICA.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,000 |
| 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 | $3,000 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,871 |
| Total expenses | $1,871 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,612 |
| Other assets | $0 |
| Total assets | $1,612 |
| Total liabilities | $26,102 |
| Net assets or fund balances | -$24,490 |