Korea-Us Science Cooperation Center
- Assets
- $5.8m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Vienna, VA
- Founding
- 08/1997
- Data as of
- 12/2022
- EIN
- 54-1822381
Organization Overview
Korea-Us Science Cooperation Center is located in Vienna, VA. The organization was established in 1997. According to its NTEE Classification (U30) the organization is classified as: Physical & Earth Sciences, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korea-Us Science Cooperation Center 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, Korea-Us Science Cooperation Center generated $4.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $3.9m during the year ending 12/2022. While expenses have increased by 6.7% per year over the past 8 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
KIC PROGRAM
NOAA PROGRAM DEVELOPMENT
S&T PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jung H Moon Executive Di | 40 | $220,000 | |
Yongbeom Kim Program Dire | 40 | $117,033 | |
Sooyong Son Program Dire | 40 | $89,181 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,143,811 |
| Interest on Savings | $3,684 |
| Dividends & Interest | $0 |
| Net Rental Income | $54,442 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $528,824 |
| Total Revenue | $4,373,836 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $595,692 |
| Pension plans, employee benefits | $61,586 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $123,360 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $62,443 |
| Printing and publications | $0 |
| Other expenses | $3,097,508 |
| Total operating and administrative expenses | $3,946,479 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,946,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,908,375 |
| Savings and temporary cash investments | $445,444 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,445,572 |
| Other assets | $0 |
| Total assets | $5,799,391 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $581,882 |
| Total liabilities | $581,882 |