Korean American Cultural Exchange Foundation Inc is located in Little Neck, NY. The organization was established in 2015. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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 Cultural Exchange 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 undefined, Korean American Cultural Exchange Foundation Inc generated $74.5k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 46.7% each year . All expenses for the organization totaled $72.9k during the year ending undefined. While expenses have increased by 44.1% per year over the past 2 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
Describe the Organization's Program Activity:
Part 3
AMERICAN KOREAN CULTURAL EXCHANGE FOUNDATION INC IS A NON-PROFIT CORPORATION FOR EXCHANGING AND SHARING AMERICAN AND KOREAN CULTURE THROUGH KOREAN MARTIAL ART TAEKWO
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $74,515 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $74,515 |
| Statement of Expenses | |
|---|---|
| Total expenses | $72,884 |
| Balance Sheet | |
|---|---|
| Total assets | $3,301 |
| Total liabilities | $5,504 |
| Net assets or fund balances | -$2,203 |