Korean American Society Of Houston
- Assets
- $21.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 08/2009
- Data as of
- 06/2023
- EIN
- 80-0241335
Organization Overview
Korean American Society Of Houston is located in Houston, TX. The organization was established in 2009. 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 Society Of Houston 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 06/2023, Korean American Society Of Houston generated $121.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (19.4%) each year. All expenses for the organization totaled $114.5k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (19.5%) per year over the past 4 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
2023
Describe the Organization's Program Activity:
Part 3
KOREAN FESTIVAL - THE KOREAN FESTIVAL OF HOUSTON IS HELD ONCE A YEAR, BRINGING IN PERFORMANCES FROM AROUND THE UNITED STATES AND SOUTH KOREA. THIS EVENT IS ORGANIZED TO BRING FURTH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Hong Director | 4 | $0 | |
Randy Shim Director | 1 | $0 | |
Kristoper Ahn Director | 1 | $0 | |
Lawrence Lim Director | 1 | $0 | |
Yang Nam Director | 1 | $0 | |
Sean Rheem Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,004 |
| Total Program Service Revenue | $53,156 |
| Membership dues | $0 |
| Investment income | $7 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $300 |
| Total Revenue | $121,467 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $13,000 |
| Occupancy, rent, utilities, and maintenance | $14,291 |
| Printing, publications, postage, and shipping | $54 |
| Other expenses | $81,926 |
| Total expenses | $114,471 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $21,101 |
| Other assets | $0 |
| Total assets | $21,101 |
| Total liabilities | $0 |
| Net assets or fund balances | $21,101 |