Overview
What is Friends Of Grace Seniors Inc?
Friends of Grace Seniors Inc, also known as the Korean Community Center, is a nonprofit organization situated in Tenafly, New Jersey. Their primary mission is to promote healthy and independent living for individuals of all ages, with a focus on integrating the Korean community into the larger community. They achieve this through various means, including culture and education, outreach, health and social services, and civic advocacy. The organization provides educational, cultural, and physical wellness programs through classes at the center, assisting parents and children/youth to foster self-pride through seminars, counseling, and other activities. They employ qualified instructors and offer professional services to support their cause. With a team of 13 dedicated individuals, Friends of Grace Seniors Inc plays a significant role in enriching the lives of the community they serve.
Official website here: www.kccus.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Stars
Friends Of Grace Seniors Inc has received a rating of 52% from Charity Navigator, resulting in a One-Star designation. This rating underscores significant concerns regarding the organization's financial health and accountability practices. While the charity performs well in areas such as having a fully independent board and maintaining solid financial statements, it falls short on critical aspects such as conflict of interest policies and overall financial ratios.
The organization has a strong governance structure with 100% of its board members being independent. Additionally, it has received full points for its whistleblower policy and for documenting board meeting minutes. However, the absence of a conflict of interest policy and the failure to post its tax form on its website raise red flags regarding transparency and ethical standards.
Financially, the charity struggles with a liabilities to assets ratio of 84.25%, which suggests potential financial instability. Furthermore, with a program expense ratio of only 36.54%, the majority of its expenditures may not be directed towards its charitable programs, indicating an area for improvement in resource allocation. Overall, while there are strengths in governance, critical financial and policy gaps remain.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Friends Of Grace Seniors Inc?
100% of the six reviewers on Facebook recommend Friends Of Grace Seniors Inc. Here's a summary of their thoughts:
The overwhelming sentiment among reviewers highlights a strong appreciation for the nonprofit's commitment to enhancing the lives of seniors. Many express heartfelt gratitude for the support and services provided, particularly emphasizing the organization’s dedication to their well-being. The positive remarks suggest that Friends Of Grace Seniors Inc. is effectively fulfilling its mission and making a meaningful impact in the community.
Overall, the organization appears to be highly regarded, with reviewers showcasing a deep sense of trust and approval in its abilities to support seniors effectively. This speaks to the nonprofit's success in delivering on its promises, fostering a positive environment, and creating a valuable resource for seniors and their families.
This AI summary has been generated from reviews found on Facebook.
Is Friends Of Grace Seniors Inc legitimate?
Friends Of Grace Seniors Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Grace Seniors 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: $365,432
For more financial information, click here
Official website here: www.kccus.org
What is the mission statement of Friends Of Grace Seniors Inc?
Friends of Grace Seniors Inc's mission is centered around promoting healthy and independent living for individuals of all ages. The organization also aims to integrate individuals with Korean heritage into the larger community. This is achieved through various means, including culture and education, outreach programs, health and social services, and civic advocacy. The organization provides educational, cultural, and physical wellness programs, and offers support to parents and children/youth, helping them to take pride in themselves. Qualified instructors are recruited, and professional services are provided to further this goal.
Official website here: www.kccus.org
Who is the CEO of Friends Of Grace Seniors Inc?
Kyungmun Nam is the Executive Officer / Ceo of Friends Of Grace Seniors Inc. The CEO's salary of Friends Of Grace Seniors Inc is $60,000 and their total compensation is $60,000.
Official website here: www.kccus.org
What is the revenue of Friends Of Grace Seniors Inc?
Friends Of Grace Seniors Inc's revenue in 2022 was $509,229.
Official website here: www.kccus.org
Who are the executives of Friends Of Grace Seniors Inc and what are their salaries?
The average compensation at Friends Of Grace Seniors Inc during 2022 was $28,110. There are 13 employees at Friends Of Grace Seniors Inc.
Here are 10 key members and their salaries (Friends Of Grace Seniors Inc's CEO's salary is $60,000 and their total compensation is $60,000):
- Compensation: $60,000
- Related: $0
- Other: $0
- Compensation: $47,000
- Related: $0
- Other: $0
- Compensation: $44,000
- Related: $0
- Other: $0
- Compensation: $37,000
- Related: $0
- Other: $0
- Compensation: $17,504
- Related: $0
- Other: $0
- Compensation: $4,564
- 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.kccus.org
Where can I find the form 990 for Friends Of Grace Seniors Inc?
Friends Of Grace Seniors Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kccus.org
Learn more at the official website: www.kccus.org
Mission Statement of Friends Of Grace Seniors Inc
Friends of Grace Seniors Inc, a nonprofit organization, is committed to promoting healthy and independent living for individuals of all ages. One of its key objectives is to integrate individuals with Korean heritage into the broader community. It achieves this goal through various means, including culture and education, outreach, health and social services, and civic advocacy.
By offering educational, cultural, and physical wellness programs, Friends of Grace Seniors Inc encourages personal growth and pride among its members. The organization provides these programs through classes at its center, where qualified instructors and professional services are available. Additionally, Friends of Grace Seniors Inc offers seminars and counseling sessions to help parents and children/youth develop a positive self-image.
In an effort to support its community, Friends of Grace Seniors Inc extends its services beyond the center. Through outreach programs, it reaches out to individuals in need, providing assistance and resources to help them lead independent and fulfilling lives. The organization also advocates for the rights and needs of its community members, using civic advocacy to create a more inclusive and supportive environment.
In summary, Friends of Grace Seniors Inc is a nonprofit organization that empowers individuals of all ages and backgrounds through education, culture, outreach, health and social services, and civic advocacy. Its programs and services are designed to promote healthy living, foster a sense of pride, and integrate individuals with Korean heritage into the broader community.
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Impact
July, 2024
Friends Of Grace Seniors Inc's impact is significant in promoting healthy and independent living for all ages and integrating individuals with Korean heritage into the greater community through various initiatives. The organization provides educational, cultural, and physical wellness programs, as well as seminars and counseling to promote pride and unity among parents, children, and youth. By offering qualified instructors and professional services, Friends Of Grace Seniors Inc helps enhance the well-being and sense of belonging within the community.
This information is meant to be a general summary of Friends Of Grace Seniors 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.
- Program Service Revenue: $293,326
- Gross Receipts: $509,229
Assets and Liabilities:
- Total Assets: $6,829,799
- Total Liabilities: $5,754,109
- Net Assets: $1,075,690
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEE
Revenue
$76,899
EDUCATIONAL CLASS FEE
Revenue
$216,427
Organization Details
Founding Year
2000
Phone
(201) 541-1200Principal Officer
Kyungmun Nam
Main Address
100 GROVE STREET, TENAFLY, NJ, 07670
Website
www.kccus.orgNTEE Category
Code: P81 - Human services
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