Overview
What is The Korea Center For Culture And Education Inc?
The Korea Center for Culture and Education Inc, located at 4 Middle Hollow Road, Lloyd Harbor, New York 11743, is a nonprofit organization dedicated to fostering cultural and educational exchanges. Their primary mission encompasses providing a platform for such exchanges, granting scholarships to promising Korean and Korean-American students, and organizing conferences, art exhibits, and various related programs. These initiatives aim to promote cross-cultural understanding and academic growth within the Korean and Korean-American communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
The Korea Center For Culture And Education Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The score is derived solely from the Accountability & Finance beacon, which reflects the organization's commitment to responsible management of resources. An 80% score signifies that the nonprofit meets high standards in its fiscal practices.
The organization's strengths are clear, with a fully independent board comprising four members, highlighting its governance integrity. Additionally, it has demonstrated strong performance in key financial metrics, such as a program expense ratio of over 90%, suggesting that a significant portion of its funds directly supports its mission. The absence of liabilities further emphasizes its financial stability and effective asset management.
However, while the rating reflects positively on the charity's governance and use of funds, it is based on a single aspect of evaluation. Future assessments could benefit from additional focus on program outcomes and community impact to provide a more holistic view of the organization’s effectiveness. Overall, The Korea Center For Culture And Education Inc shows a commitment to transparency and responsible operations.
This AI summary has been generated from information found on Charity Navigator.
Is The Korea Center For Culture And Education Inc legitimate?
The Korea Center For Culture And Education Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Korea Center For Culture And Education Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Korea Center For Culture And Education Inc?
The Korea Center for Culture and Education Inc. is committed to facilitating cultural and educational exchanges. This is achieved through various means, including offering scholarships to promising Korean and Korean-American students. Furthermore, the organization conducts conferences, art exhibits, and other related programs to promote cross-cultural understanding. Their mission is primarily focused on providing a platform for these exchange activities, aiming to foster global connections and understanding.
What is the revenue of The Korea Center For Culture And Education Inc?
The Korea Center For Culture And Education Inc's revenue in 2021 was $23,389.
Who are the executives of The Korea Center For Culture And Education Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for The Korea Center For Culture And Education Inc?
The Korea Center For Culture And Education Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of The Korea Center For Culture And Education Inc
The Korea Center for Culture and Education Inc is dedicated to fostering cultural and educational exchange. This esteemed organization's mission encompasses several key areas. Primarily, it offers scholarships to promising Korean and Korean-American students, providing them with valuable financial aid to further their education. In addition to this, the center organizes conferences, art exhibits, and various related programs. These events serve as platforms for promoting cultural exchange, allowing individuals from diverse backgrounds to engage with each other and learn from one another. By doing so, The Korea Center for Culture and Education Inc plays a significant role in bridging cultural gaps and fostering understanding between different communities.
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Impact
October, 2024
The Korea Center For Culture And Education Inc significantly enhances the cultural and educational landscape by fostering meaningful exchanges between Korean and Korean-American communities. Through its initiatives, it provides scholarships that support promising students, empowering the next generation to pursue their educational goals and deepen their cultural understanding.
In addition, the center organizes conferences and art exhibits, creating a vibrant platform for discussion, creativity, and collaboration. These gatherings not only celebrate Korean heritage but also promote cross-cultural dialogue, enriching the broader community. By offering a forum for artistic expression and intellectual exchange, the center strengthens ties within the cultural fabric, encouraging appreciation and recognition of diverse backgrounds. Overall, its impact lies in nurturing talent, promoting cultural awareness, and facilitating connections that transcend geographic boundaries.
This information is meant to be a general summary of The Korea Center For Culture And Education Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $23,389
- Gross Receipts: $23,389
Assets and Liabilities:
- Total Assets: $437,900
- Total Liabilities: $0
- Net Assets: $437,900
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Organization Details
Founding Year
2002
Principal Officer
Changboh Chee
NTEE Category
Code: A20 - Arts
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