New Korea Foundation International
- Assets
- $374.6k
- Revenue
- $376.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Robbinsdale, MN
- Founding
- Data as of
- 12/2023
- EIN
- 88-3166362
Organization Overview
New Korea Foundation International is located in Robbinsdale, MN. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, New Korea Foundation International employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Korea Foundation International is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE ACTIVELY PROVIDE CHRISTIAN LED COMPASSIONATE CARE, EDUCATION, AND RESOURCE NETWORKING TO HELP RESTORE AND REBUILD THE LIVES OF NORTH KOREAN REFUGEES TODAY, PREPARING THEM TO BE THE HANDS OF CHANGE IN THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR SHALOM HOUSE NETWORK HAS PROVIDED MENTAL HEALTH CARE, ACCESS TO MEDICAL CARE, A SAFE PLACE TO BATHER, DO LAUNDRY, AND REST, AS WELL AS A PLACE TO RECEIVE NUTRITIOUS MEALS. ADDITIONALLY, WE HAVE BEEN ABLE TO PROVIDE EDUCATIONAL SCHOLARSHIPS TO THE CHILDREN OF REFUGEE WOMEN, PROVIDE CHRISTMAS GIFTS TO THEIR FAMILIES, AND ON OCCASION PROVIDE RELOCATION ASSISTANCE, THIS NETWORK IS LOCATED IN NEIGHBORING COUNTRIES TO NORTH KOREA AND OFFER VITAL REHABILITATION AND RESTORATION SERVICES TO THOSE WE SERVE.
NEW KOREA ENGLISH REUNIFICATION CAMP (NKERC) IS AN ANNUAL CAMP HELD IN SOUTH KOREA. WE FOCUS ON FAST-TRACKING CORE ENGLISH LANGUAGE SKILLS FOR NORTH KOREAN DEFECTORS AND FIRST GENERATION SOUTH KOREANS OF NORTH KOREAN DESCENT, AS WELL AS SOUTH KOREAN STUDENTS. THROUGH OUR GLOBAL CAMP CENTERED VOLUNTEER STAFF, COURSEWORK, EXTRA-CURRICULAR ACTIVITIES, AND OPPORTUNITIES FOR EVANGELISM, WE ARE ABLE TO MAKE A POWERFUL IMPACT IN THE LIVES OF THOSE WE SERVE.
OUR WINTER DISCIPLESHIP CAMP IS COMPRISED OF THREE INTERCONNECTED PROGRAMS: 1) WINTER FAITH RETREAT, 2) WINTER ENGLISH INTENSIVE SCHOOL, 3) WINTER LEADER AND DISCIPLESHIP TRAINING. THROUGH THESE THREE PROGRAMS WE ARE ABLE TO PROVIDE FAST-TRACKED ENGLISH LANGUAGE EDUCATION, COMMUNITY BUILDING, AND FOSTER LEADERSHIP AND DISCIPLESHIP SKILLS IN THE NORTH KOREAN DEFECTORS WE SERVE. FOR OUR ATTENDEES, THESE PROGRAMS OFFER THEM VITAL LANGUAGE SKILLS NEEDED FOR COLLEGE LEVEL LEARNING, CONNECT HEARTS AND MINDS TOGETHER, AND IN MANY CASES INTRODUCE THEM TO CHRISTIANITY FOR THE FIRST TIME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Nelson Cmo | Officer | 20 | $12,000 |
Kenneth Bae Ceo, President | Officer | 40 | $9,000 |
Kelly Sadler Cao, Office Administrator | Officer | 40 | $9,000 |
Young Kim Director Of Missions | OfficerTrustee | 5 | $0 |
Ben Kim Director Of Technology | OfficerTrustee | 10 | $0 |
Heather Castro CFO | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $376,598 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $376,598 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $376,598 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,400 |
| Grants and other assistance to Foreign Orgs/Individuals | $195,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $30,000 |
| Compensation of current officers, directors, key employees. | $30,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,389 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,070 |
| Office expenses | $973 |
| Information technology | $917 |
| Royalties | $0 |
| Occupancy | $34,004 |
| Travel | $76,211 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,634 |
| Total functional expenses | $376,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,232 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $373,393 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $374,625 |
| Accounts payable and accrued expenses | $153,598 |
| Grants payable | $221,027 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $374,625 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $374,625 |