Overview
What is The Korean School Of New Jersey Inc?
The Korean School of New Jersey Inc. is a nonprofit organization situated in Tenafly, New Jersey. Their primary objective is to promote cultural and ethnic awareness by educating students in Korean language and traditions. They accomplish this through various teaching and training programs, acting as a beacon for the preservation and appreciation of Korean culture. The school serves as a vital platform for individuals seeking to deepen their understanding and connection with this rich heritage.
Official website here: www.koreanschoolnj.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (54%)
The Korean School Of New Jersey Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its governance and financial practices. With an overall score of 54%, the organization has a notably low Accountability & Finance score, which highlights various areas needing improvement. The lack of independent board members and missing essential policies such as conflict of interest and whistleblower protections raises questions about its governance structure.
On a more positive note, the organization shows a strong commitment to its programs, with a program expense ratio of 91.55%. This suggests that a large portion of its expenditures goes directly toward fulfilling its mission, which is a strength in its operational approach. However, the absence of financial statements and tax forms on its website indicates a lack of transparency that could deter potential donors or supporters.
Overall, while The Korean School Of New Jersey Inc demonstrates a solid commitment to its programming, the issues related to governance and accountability must be addressed to improve its rating and public perception. The significant gaps in policy and independent oversight are critical areas that stakeholders may want to consider carefully.
This AI summary has been generated from information found on Charity Navigator.
Is The Korean School Of New Jersey Inc legitimate?
The Korean School Of New Jersey Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Korean School Of New Jersey 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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Official website here: www.koreanschoolnj.com
What is the mission statement of The Korean School Of New Jersey Inc?
The Korean School of New Jersey, as a mission, is dedicated to educating individuals about the Korean language and culture. This is accomplished through various teaching and training programs. Acting as a cultural and ethnic awareness organization, it fosters understanding and appreciation for Korean traditions and customs. Its objectives include promoting Korean language proficiency and fostering a deeper connection with Korean culture among its students.
Official website here: www.koreanschoolnj.com
Who is the CEO of The Korean School Of New Jersey Inc?
Sung Won Lee is the Secretary of The Korean School Of New Jersey Inc.
Official website here: www.koreanschoolnj.com
What is the revenue of The Korean School Of New Jersey Inc?
The Korean School Of New Jersey Inc's revenue in 2022 was $476,553.
Official website here: www.koreanschoolnj.com
Who are the executives of The Korean School Of New Jersey Inc and what are their salaries?
Here are 4 key members and their salaries:
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Official website here: www.koreanschoolnj.com
Where can I find the form 990 for The Korean School Of New Jersey Inc?
The Korean School Of New Jersey Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.koreanschoolnj.com
Learn more at the official website: www.koreanschoolnj.com
Mission Statement of The Korean School Of New Jersey Inc
The Korean School of New Jersey, as a mission-driven organization, is dedicated to educating individuals about the Korean language and culture. Serving as a cultural and ethnic awareness platform, the school provides teaching and training programs to facilitate this objective. Through these initiatives, the Korean School of New Jersey seeks to foster a deeper understanding and appreciation for Korean heritage among its students.
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Impact
July, 2024
The Korean School Of New Jersey Inc's impact is evident in the preservation and promotion of Korean language and culture within the community of Tenafly, NJ. Through its educational programs, the school enriches students with a deep understanding and appreciation of Korean traditions, language, and heritage. By offering training in Korean language and cultural practices, The Korean School Of New Jersey Inc contributes to fostering a stronger sense of cultural identity among its students and building a more inclusive and diverse community in Tenafly.
This information is meant to be a general summary of The Korean School Of New Jersey 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 2022.
- Investment Income: $817
- Program Service Revenue: $475,736
- Gross Receipts: $476,553
Assets and Liabilities:
- Total Assets: $642,402
- Total Liabilities: $0
- Net Assets: $642,402
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$408,736
OTHER
Revenue
$67,000
Organization Details
Founding Year
1982
Phone
(201) 767-5734Principal Officer
Sung Won Lee
Main Address
P O BOX 737, TENAFLY, NJ, 07670
Website
www.koreanschoolnj.comNTEE Category
Code: A23 - Arts
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