National Korean American Service And Education Consortium Inc
- Assets
- $2.5m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 55
- Location
- Chicago, IL
- Founding
- 12/1996
- Data as of
- 06/2021
- EIN
- 11-3303986
Organization Overview
National Korean American Service And Education Consortium Inc is located in Chicago, IL. The organization was established in 1996. According to its NTEE Classification (R30) the organization is classified as: Intergroup & Race Relations, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 06/2021, National Korean American Service And Education Consortium Inc employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Korean American Service And Education Consortium 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 06/2021, National Korean American Service And Education Consortium Inc generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $2.6m during the year ending 06/2021. While expenses have increased by 16.2% per year over the past 6 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.
Since 2017, National Korean American Service And Education Consortium Inc has awarded 18 individual grants totaling $6,030,965. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ORGANIZE KOREAN AND ASIAN AMERICANS TO ACHIEVE SOCIAL, RACIAL AND ECONOMIC JUSTICE
Describe the Organization's Program Activity:
Part 3 - Line 4a
CIVIC PARTICIPATION - PROMOTING AND HELPING KOREAN AMERICAN AND IMMIGRANTS OBTAIN AMERICAN CITIZENSHIP AND VOTING RIGHTS WITH THE GREATER GOAL OF BUILDING A NATIONAL MOVEMENT FOR SOCIAL CHANGE; AND HELPING KOREAN AMERICANS AND IMMIGRANTS PROTECT THEIR CIVIL RIGHTS AND LIBERTIES.
IMMIGRANT RIGHTS - ENHANCING THE LIVES OF KOREAN AMERICANS AND IMMIGRANTS THROUGH EDUCATION, ADVOCACY, CULTURE AND COMMUNITY SERVICES.
EDUCATION ACCESS AND YOUTH EMPOWERMENT - HELPING KOREAN AMERICANS AND IMMIGRANTS ACCESS IN-STATE TUITIONS AND SCHOLARSHIPS REGARDLESS OF THEIR IMMIGRATION STATUS; AND CARING FOR THE GROWTH OF KOREAN AMERICAN AND IMMIGRANT YOUTH DEVELOPMENT AND LEADERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jung Woo Kim Director | Officer | 40 | $59,192 |
Rebecca Belcore Co-Director | Officer | 40 | $59,192 |
Sookyung Linda Oh Co-Director | Officer | 40 | $52,858 |
Nancy Wu Director | Officer | 40 | $47,846 |
Ga Young Chung Director | Trustee | 1 | $0 |
Edward Chong Kuk Lee Director | Trustee | 1 | $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 | $3,040,809 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,040,809 |
| Total Program Service Revenue | $0 |
| Investment income | $3,542 |
| 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 | $3,044,351 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $801,407 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $875,841 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $74,126 |
| Fees for services: Management | $352,963 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,560 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $66,600 |
| Advertising and promotion | $34,768 |
| Office expenses | $101,731 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,159 |
| Travel | $119,228 |
| 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 | $9,893 |
| All other expenses | $0 |
| Total functional expenses | $2,596,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,941,333 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $497,109 |
| Accounts receivable, net | $66,808 |
| 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 | $7,914 |
| Total assets | $2,513,164 |
| Accounts payable and accrued expenses | $323,876 |
| Grants payable | $0 |
| 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 | $323,876 |
| Net assets without donor restrictions | $1,790,188 |
| Net assets with donor restrictions | $399,100 |
| 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 | $2,513,164 |
Grants Awarded
Over the last fiscal year, National Korean American Service And Education Consortium Inc has awarded $354,105 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CHICAGO CENTER FOR LEADERSHIP AND TRANSFORMATION PURPOSE: EDUCATION | $169,105 |
North Wales, PA PURPOSE: IMMIGRANT RIGHTS AND CIVIC PARTICIPATION | $130,000 |
Chicago, IL PURPOSE: IMMIGRANT RIGHTS AND CIVIC PARTICIPATION | $55,000 |
Grants Recieved
Over the last fiscal year, we have identified 27 grants that National Korean American Service And Education Consortium Inc has recieved totaling $2,406,271.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $300,000 |
The Jpb Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $300,000 |
New Venture Fund Washington, DC PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY | $282,500 |
Neo Philanthropy Inc New York, NY PURPOSE: Program Grant | $250,000 |
Unbound Philanthropy New York, NY PURPOSE: FOR SUPPORT OF THE VALUE OUR FAMILIES COALITION TO ADDRESS FUTURE FLOW AND FAMILY IMMIGRATION ISSUES | $150,000 |
Ford Foundation New York, NY PURPOSE: GENERAL SUPPORT | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Korean American Service And Education Consortium Inc Chicago, IL | $2,513,164 | $3,044,351 |
South Suburban Housing Center Homewood, IL | $1,073,106 | $883,884 |
Mid-States Minority Supplier Development Council Indianapolis, IN | $1,698,350 | $1,227,768 |
Changing Worlds Chicago, IL | $352,934 | $1,152,723 |
Forward Through Ferguson Saint Louis, MO | $989,725 | $1,022,722 |
Life After Hate Inc Wauwatosa, WI | $464,073 | $1,027,690 |
Blackroots Alliance Chicago, IL | $2,728,460 | $1,844,936 |
Springboard To Learning Inc St Louis, MO | $3,064,390 | $1,635,300 |
Metro Organization For Racial And Economic Equity Inc Kansas City, MO | $412,701 | $554,314 |
Louisville Youth Group Inc Louisville, KY | $140,177 | $389,637 |
Barnes & Thornburg Llp Racial And Social Justice Foundation Inc Indianapolis, IN | $17,917 | $291,684 |
Ecumenical Community Center Foundation Cedar Rapids, IA | $845,567 | $238,470 |