The Korean American School Of Heritage & Culture
- Assets
- $134.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Northbrook, IL
- Founding
- 11/2006
- Data as of
- 12/2021
- EIN
- 20-2925102
Organization Overview
The Korean American School Of Heritage & Culture is located in Northbrook, IL. The organization was established in 2006. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korean American School Of Heritage & Culture 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 12/2021, Korean American School Of Heritage & Culture generated $40.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $42.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 7 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
2021
Describe the Organization's Program Activity:
Part 3
WE TAUGHT STUDENTS KOREAN CULTURE THROUGH PERFORMANCES AT VARIOUS CULTURAL EVENTS AND ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jung A Kim Director | 10 | $15,500 | |
Ahra Cho Director | 10 | $6,981 | |
Stephen S Lee Treasurer | 5 | $0 | |
Shinai O Lee President | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,067 |
| Total Program Service Revenue | $29,255 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $40,322 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $6,890 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $2,593 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $33,236 |
| Total expenses | $42,719 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $133,901 |
| Other assets | $0 |
| Total assets | $134,901 |
| Total liabilities | $45,800 |
| Net assets or fund balances | $89,101 |
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