Austin Korean School Inc
- Assets
- $144.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 02/2016
- Data as of
- 12/2021
- EIN
- 32-0464842
Organization Overview
Austin Korean School Inc is located in Austin, TX. The organization was established in 2016. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, 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. Austin Korean School 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 12/2021, Austin Korean School Inc generated $87.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $71.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 7 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
2021
Describe the Organization's Program Activity:
Part 3
EDUCATING KOREAN LANGUAGE, HISTORY AND CULTURE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Min Suk Kim President | 5 | $4,650 | |
Mi Seon Hong Secretary | 10 | $3,395 | |
Sooah Chang President | 5 | $2,795 | |
Mina Kim Director | 3 | $0 | |
Yewon Director | 3 | $0 | |
Hyunjung Yun Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,290 |
| Total Program Service Revenue | $48,512 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $271 |
| Other Revenue | $446 |
| Total Revenue | $87,519 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $50,648 |
| Professional fees and other payments to independent contractors | $5,000 |
| Occupancy, rent, utilities, and maintenance | $2,649 |
| Printing, publications, postage, and shipping | $458 |
| Other expenses | $13,135 |
| Total expenses | $71,890 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $144,830 |
| Other assets | $0 |
| Total assets | $144,830 |
| Total liabilities | $12,349 |
| Net assets or fund balances | $132,481 |
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