Korean Culture Research Inc is located in Riverdale, NY. The organization was established in 2003. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korean Culture Research 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 12/2018, Korean Culture Research Inc generated $12.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (40.6%) each year. All expenses for the organization totaled $9.8k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (46.0%) per year over the past 4 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
2018
Describe the Organization's Program Activity:
Part 3
KOREAN LANGUAGE EDUCATION
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Geun Soon K Lee Treasurer | 40 | $0 | |
Mike H Kim Director | 1 | $0 | |
Sun Gun Lee President | 40 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $3,000 |
Total Program Service Revenue | $9,939 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $12,939 |
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 | $420 |
Occupancy, rent, utilities, and maintenance | $7,234 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $2,096 |
Total expenses | $9,750 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $0 |
Other assets | $0 |
Total assets | $0 |
Total liabilities | $3,812 |
Net assets or fund balances | -$3,812 |
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