Korean American Education Foundation Inc

Organization Overview

Korean American Education Foundation Inc is located in Los Angeles, CA. The organization was established in 1997. According to its NTEE Classification (Q21) the organization is classified as: International Cultural Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Korean American Education Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korean American Education 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 12/2023, Korean American Education Foundation Inc generated $534.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $680.6k during the year ending 12/2023. While expenses have increased by 2.0% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

EDUCATION OF KOREAN LANGUAGE, HERITAGE, AND CULTURE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

KOREAN SCHOOL TEACHERS TRAINING PROGRAM. THIS PROGRAM IS DESIGNED TO PROVIDE WEEKEND KOREAN SCHOOL TEACHERS WITH AN OPPORTUNITY TO EVOKE THEIR PASSION AND SENSE OF MISSION ON EDUCATING OUR YOUNG GENERATION. THE PARTICIPANTS WILL ACQUIRE NEW TEACHING METHODOLOGIES AND SKILLS AS A PROFESSIONAL.


KOREAN HERITAGE PROGRAMS AND SUMMER YOUTH PROGRAMS. THIS PROGRAM PROVIDES KOREAN AMERICA YOUTHS WITH OPPORTUNITIES TO LEARN KOREAN LANGUAGE AND CULTURAL HERITAGE THROUGH VARIOUS CLASSES TO HELP ESTABLISH THEIR IDENTITY AS KOREAN AND DEVELOP THEIR POTENTIAL LEADERSHIP SKILLS IN AMERICAN SOCIETY.


COMMUNITY PROGRAMS - ADULT SOCIAL PROGRAM AND KOREAN LANGUAGE CLASS FOR OTHER COMMUNITY. ADULT SOCIAL PROGRAM THIS PROGRAM PROVIDES SENIORS WITH AN OPPORTUNITY TO ENHANCE THEIR IDENTITY AND PRIDE OF THEIR KOREAN HERITAGE. KOREAN LANGUAGE CLASS FOR OTHER COMMUNITY THIS PROGRAM PROVIDE OTHER COMMUNITIES WITH AN OPPORTUNITY TO LEARN THE KOREAN LANGUAGE AND CULTURE THROUGH THIS PRACTICAL CONVERSATION CLASS.


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Board, Officers & Key Employees

Name (title)Compensation
Jason Lee
Auditor
$0
Ha Young Choi
Director
$0
Monica Ryoo
Director
$0
Kirk An
President
$0
Jeonhoon Kang
Secretary
$0
Shirley Shin
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $296,211
All other contributions, gifts, grants, and similar amounts not included above$18,259
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$314,470
Total Program Service Revenue$66,390
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $153,604
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 $534,464

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