Korea Defense Veterans Association
- Assets
- $169.6k
- Revenue
- $435.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Gainesville, VA
- Founding
- 08/2017
- Data as of
- 12/2021
- EIN
- 82-1218295
Organization Overview
Korea Defense Veterans Association is located in Gainesville, VA. The organization was established in 2017. According to its NTEE Classification (Q05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Korea Defense Veterans Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korea Defense Veterans Association 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, Korea Defense Veterans Association generated $435.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $403.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE REPUBLIC OF KOREA - UNITED STATES ALLIANCE BY ADVOCATING FOR THE ALLIANCE AND SUPPORTING THE PEOPLE WHO BUILT AND SERVE THE ALLIANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING AND GRANTS TO THE KOREA CHAPTER OF KDVA TO MEET EDUCATIONAL AND PROGRAM GOALS INCLUDING THE KDVA EDUCATION VIRTUAL CONFERENCES AND MULTIPLE WEBINARS.
WEBSITE AND SOCIAL MEDIA PROGRAMS TO EDUCATE THE PUBLIC ON THE ROK-U.S. ALLIANCE INCLUDING INCREASING MEMBERSHIP 48% AND INCREASING OVERALL SOCIAL MEDIA OUTREACH BY OVER 200%. PRODUCTION OF MONTHLY NEWSLETTERS AND QUARTERLY JOURNALS.
KDVA CONDUCTED 11 WEBINARS AND 12 HYBRID ON-SITE/WEBINAR EVENTS, MANY WITH NEW PARTNER ORGANIZATIONS TO PROVIDE OUR VIRTUAL AUDIENCES A CHANCE TO INTERACT WITH KDVA MEMBERS AND LEADERS. EVENTS WERE HOSTED IN ENGLISH AND KOREAN.
ADVERTISING AND MEMBERSHIP EVENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Col Ret Seung J Lee Senior VP Of Operations | 40 | $116,250 | |
Col Ret Douglas Morrison Executive Director (jan-Dec) | Officer | 8 | $30,000 |
Gen Ret Vincent K Brooks Director/president | OfficerTrustee | 5 | $0 |
Gen Ret Curtis M Scaparrotti Director/vice President | OfficerTrustee | 1 | $0 |
Ltg Ret John David Johnson Director/secretary (jan-Dec) | OfficerTrustee | 1 | $0 |
Gen Ret Ho-Young Leem Director | Trustee | 0.5 | $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 | $435,725 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $435,725 |
| Total Program Service Revenue | $0 |
| Investment income | $21 |
| 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 | $435,746 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $53,400 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $146,250 |
| Compensation of current officers, directors, key employees. | $26,625 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,248 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,094 |
| Fees for services: Accounting | $38,852 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,309 |
| Advertising and promotion | $11,844 |
| Office expenses | $2,279 |
| Information technology | $4,806 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $455 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,599 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,425 |
| All other expenses | $0 |
| Total functional expenses | $403,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $169,278 |
| Pledges and grants receivable | $350 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Total assets | $169,628 |
| Accounts payable and accrued expenses | $16,527 |
| 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 | $16,527 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $153,101 |
| Total liabilities and net assets/fund balances | $169,628 |
Grants Awarded
Over the last fiscal year, Korea Defense Veterans Association has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: TO SUPPORT THE COKUSS/CUSKOS 33RD INTERNATIONAL SECURITY CONFERENCE ON THE KOREAN PENINSULA SECURITY | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Korea Defense Veterans Association has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: INTERNATIONAL FOREIGN AFFAIRS | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Livestock Research Institute Alexandria, VA | $103,836,000 | $97,042,000 |
Atlantic Council Of The U S Inc Washington, DC | $90,177,983 | $43,123,597 |
German Marshall Fund Of The Us Washington, DC | $208,998,480 | $26,233,944 |
Washington Institute For Near East Policy Washington, DC | $78,463,635 | $24,631,416 |
Henry L Stimson Center Washington, DC | $7,355,197 | $13,547,018 |
International Center For Research On Women Washington, DC | $9,729,169 | $9,479,152 |
Federation For American Immigration Reform Washington, DC | $30,645,621 | $7,177,636 |
Institute Of World Politics Washington, DC | $18,856,651 | $9,210,460 |
Middle East Institute Washington, DC | $35,038,211 | $7,193,589 |
Manufacturing Institute Washington, DC | $12,149,684 | $11,688,291 |
Institute For Policy Studies Washington, DC | $13,331,441 | $7,298,646 |
Center For International Environmental Law Inc Washington, DC | $9,410,805 | $10,375,096 |