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The Korean American Scholarship Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237151484 ✦ Encino, CA ✦ Designated as a 501(c)(3)

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Overview

What is The Korean American Scholarship Foundation?

The Korean American Scholarship Foundation is a charitable organization situated in Tysons Corner, Virginia. Its primary objective is to support financially disadvantaged Korean American students in their academic and personal pursuits, fostering leadership development and promoting Korean cultural heritage and traditions. The foundation encourages community and civic services as an integral part of leadership development, aiming to instill a sense of pride and confidence in Korean culture. This nonprofit organization continues to nurture the next generation of Korean American leaders, empowering them with the necessary resources to excel in their academic journey while preserving their cultural heritage.


Official website here: www.kasf.org

Is The Korean American Scholarship Foundation legitimate?

The Korean American Scholarship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Korean American Scholarship Foundation 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: $100,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.kasf.org

What is the mission statement of The Korean American Scholarship Foundation?

The Korean American Scholarship Foundation's mission is centered around providing financial assistance to financially struggling Korean American students pursuing academic and personal achievements. Beyond this, the organization encourages community and civic services as a crucial component of leadership development. Furthermore, it aims to foster a sense of pride and confidence in Korean culture and heritage within these students.


Official website here: www.kasf.org

What is the revenue of The Korean American Scholarship Foundation?

The Korean American Scholarship Foundation's revenue in 2023 was $724,706.


Official website here: www.kasf.org

Who are the executives of The Korean American Scholarship Foundation and what are their salaries?

There 140 volunteers at The Korean American Scholarship Foundation.

Here are 26 key members and their salaries:


Michelle Cho (Executive Dir.)
  • Compensation: $100,000
  • Related: $0
  • Other: $0
Jay Lee (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christine Kim (Nerc Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alex Lee (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hyun J Nam (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Henry Choi (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jane Lee-Kwon (Mwrc President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sungsu John Kang (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tomas Ritter (Mwrc Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sang Nam Lee (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robyn Brinkerhoff (Chairwoman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Choi (Wrc President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Young Jin Lee (Src Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hyun Joo Lee (Nerc President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Philip Yun (Msrc President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sang Joshua Kim (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Lee (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gina Huh (Chairwoman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gimin Kim (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Suzanne Kim Doud Galli (Erc President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Kang (Erc Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mikyong Hahm (Src President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wonho Lee (Swrc President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jihee Lee (Swrc Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
In-Kyung Chung (Msrc Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gloria Lee (Wrc Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.kasf.org

Where can I find the form 990 for The Korean American Scholarship Foundation?

The Korean American Scholarship Foundation's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.kasf.org

Learn more at the official website: www.kasf.org

Mission Statement of The Korean American Scholarship Foundation

The Korean American Scholarship Foundation, as its primary purpose, aims to support financially disadvantaged Korean American students in their pursuit of academic and personal achievements. The organization additionally encourages community and civic services, considering these integral components of leadership development. Furthermore, The Korean American Scholarship Foundation seeks to foster a sense of pride and confidence in Korean culture and heritage amongst its beneficiaries. By providing financial aid, promoting community involvement, and celebrating Korean heritage, the foundation aims to nurture well-rounded and confident individuals.

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Impact




October, 2024

The Korean American Scholarship Foundation significantly impacts the lives of Korean American students by providing crucial financial assistance for their educational pursuits. By addressing the financial needs of these students, the foundation enables them to focus on academic and personal achievements without the burden of financial stress.

Moreover, the foundation actively encourages students to engage in community and civic services, fostering leadership development that empowers them to become active and responsible members of society. This holistic approach not only supports educational goals but also cultivates essential leadership skills that will benefit both the individuals and their communities in the long run.

Additionally, the foundation nurtures a deep sense of pride and confidence in Korean culture and heritage. By emphasizing cultural identity, students gain a stronger connection to their roots, which is vital for personal development and community cohesion. The foundation's multifaceted mission ensures that recipients are not only academically successful but also well-rounded individuals who appreciate and contribute to their cultural legacy.




This information is meant to be a general summary of The Korean American Scholarship Foundation. 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.

Revenue
$724,706 (2023)
Expenses
$1,090,432 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $40,701
  • Gross Receipts: $767,938

Assets and Liabilities:

  • Total Assets: $5,572,870
  • Total Liabilities: $0
  • Net Assets: $5,572,870

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Organization Details

Founding Year

1969

Principal Officer

Alex Lee

NTEE Category

Code: B82 - Education

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