Overview
What is Korean Cultural Center Of Chicago?
The Korean Cultural Center of Chicago is a nonprofit organization situated at 9925 S Capitol Drive, Wheeling, Illinois. Its primary purpose is to function as a community space, hosting various classes, cultural exhibitions, and meetings. The center aims to accomplish several objectives, including: 1. Discovering, preserving, and developing the history and cultural legacies of Korean immigrants in the United States. 2. Enhancing the understanding of the uniqueness of Korean culture by propagating and educating it to both Korean descendants and others. 3. Serving as a platform for cooperation among all Korean-Americans and their organizations. 4. Supporting cultural exchange and networking between Korea and the United States, as well as facilitating other cultural activities. By fulfilling these objectives, the Korean Cultural Center of Chicago promotes the richness of Korean culture in the local community and beyond. The organization employs a team of only two individuals.
Official website here: www.kccoc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
The Korean Cultural Center of Chicago has earned an 86% overall score, reflecting strong accountability and finance practices. This rating, primarily based on the charity's financial management, indicates a well-structured organization with a majority of independent board members and effective oversight mechanisms. The center has demonstrated compliance with various policies, ensuring transparency and proper governance.
Strengths of the organization include having no material diversions of assets and a high score in areas such as loans to officers, where they reported none. Additionally, their financial statements are well-audited, and they maintain a high working capital ratio, suggesting long-term financial stability. These factors contribute to a solid foundation for their operations and mission.
However, there are areas noted for improvement, particularly in their program expense ratio and fundraising efficiency, which were rated lower. This suggests that while the organization is financially sound, there may be challenges in allocating resources effectively towards their programs and in generating funds for their initiatives. Addressing these issues could enhance their overall impact in the community.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Korean Cultural Center Of Chicago?
92% of 11 reviewers recommend the Korean Cultural Center of Chicago. Here is a summary of their reviews:
Many praise the venue for its excellent facilities, making it a fantastic choice for hosting events. Reviewers consistently highlight the helpful and dedicated staff, who are noted for going the extra mile to ensure a positive experience. Their commitment to service stands out, contributing to impressive overall satisfaction among visitors.
Overall, it seems that the Korean Cultural Center of Chicago successfully delivers on its promises, providing a welcoming environment and high-quality service that resonates well with the community.
This AI summary has been generated from reviews found on Facebook.
Is Korean Cultural Center Of Chicago legitimate?
Korean Cultural Center Of Chicago is a legitimate nonprofit organization registered as a 501(c)(3) entity. Korean Cultural Center Of Chicago 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: $128,583
For more financial information, click here
Official website here: www.kccoc.org
What is the mission statement of Korean Cultural Center Of Chicago?
The Korean Cultural Center of Chicago aims to serve multiple purposes in promoting and preserving Korean culture in the United States. One of its objectives is to uncover, safeguard, and enhance the history and cultural legacies of Korean immigrants. Additionally, it strives to educate both Korean descendants and other individuals about the distinctiveness of Korean culture. The center also functions as a platform for cooperation among Korean-American organizations and individuals, fostering unity within the community. Furthermore, it supports cultural exchange and networking between Korea and the US, facilitating various cultural activities.
Official website here: www.kccoc.org
Who is the CEO of Korean Cultural Center Of Chicago?
Yoon Tae Kim is the Executive Di of Korean Cultural Center Of Chicago.
Official website here: www.kccoc.org
What is the revenue of Korean Cultural Center Of Chicago?
Korean Cultural Center Of Chicago's revenue in 2022 was $1,570,080.
Official website here: www.kccoc.org
Who are the executives of Korean Cultural Center Of Chicago and what are their salaries?
The average compensation at Korean Cultural Center Of Chicago during 2022 was $64,292. There are 2 employees at Korean Cultural Center Of Chicago.
Here are 5 key members and their salaries:
- Compensation: $69,472
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.kccoc.org
Where can I find the form 990 for Korean Cultural Center Of Chicago?
Korean Cultural Center Of Chicago's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kccoc.org
Learn more at the official website: www.kccoc.org
Mission Statement of Korean Cultural Center Of Chicago
The Korean Cultural Center of Chicago is dedicated to several crucial purposes. Primarily, it aims to uncover, preserve, and advance the historical background and cultural legacies of Korean immigrants within the United States. Beyond this, the center strives to enrich the comprehension of the distinctiveness of Korean culture by disseminating and educating about Korean culture to both Korean descendants and the wider public.
In addition to these objectives, the Korean Cultural Center of Chicago serves as a hub of cooperation among Korean-Americans and their organizations. Its mission also includes supporting cultural exchanges and networking between Korea and the United States, as well as facilitating various other cultural activities. Essentially, the center seeks to promote and celebrate the rich heritage and culture of the Korean community while fostering collaboration and understanding between Korean-Americans and the broader society.
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Impact
October, 2024
The Korean Cultural Center of Chicago profoundly impacts the community by fostering an environment that celebrates and preserves Korean heritage while promoting cross-cultural understanding. Its initiatives to discover, preserve, and develop the history and cultural legacies of Korean immigrants in the U.S. serve as an essential resource for both Korean descendants and the broader community.
Through educational programs and cultural exhibitions, the center enhances appreciation for the uniqueness of Korean culture, making it accessible to diverse audiences. This not only strengthens the identity of Korean-Americans but also bridges cultural gaps, encouraging dialogue and collaboration among various ethnic groups.
Moreover, by acting as a hub for cooperation among Korean-American organizations, the center creates a supportive network that empowers individuals to engage in cultural exchange. Events and community meetings hosted at the center enrich local cultural landscapes, fostering a sense of belonging and shared community values. The center's continuous efforts in facilitating networking opportunities between Korea and the U.S. further contribute to a vibrant and interconnected cultural community, enhancing the overall quality of life in the area.
This information is meant to be a general summary of Korean Cultural Center Of Chicago. 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 2022.
- Investment Income: $5,890
- Program Service Revenue: $82,839
- Gross Receipts: $1,570,080
Assets and Liabilities:
- Total Assets: $4,937,669
- Total Liabilities: $125,300
- Net Assets: $4,812,369
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$82,839
Organization Details
Founding Year
2005
Phone
(847) 947-4460Principal Officer
Yoon Tae Kim
Main Address
9925 S CAPITOL DRIVE, WHEELING, IL, 60090
Website
www.kccoc.orgNTEE Category
Code: A20 - Arts
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