Overview
What is Korean American Education Foundation?
The Korean American Education Foundation is a nonprofit organization located at 14302 Rosemore Lane, Laurel, Maryland. With a small workforce of just two individuals, this organization is dedicated to imparting knowledge about the Korean language, history, and music. They conduct their educational activities primarily during weekends, providing a valuable platform for those interested in learning more about Korean culture. The foundation's mission is to share and preserve the rich heritage of Korea, offering a unique and engaging learning experience for its participants.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Korean American Education Foundation has received a Two-Star out of Four Star rating with an overall score of 73%. This rating indicates that while the organization has some strengths, particularly in accountability and financial management, there are significant areas that require attention, particularly around transparency and governance policies.
One of the foundation's notable strengths includes its 100% independent board members, which enhances its governance credibility. Additionally, the organization has demonstrated a strong commitment to program expenses, achieving a 100% program expense ratio. However, the foundation falls short in several key transparency areas, such as missing website information listed on tax forms and a lack of essential policies like conflict of interest and whistleblower protections.
The absence of these governance policies and documentation raises concerns about the foundation's operational effectiveness and accountability. To improve its rating and public trust, the Korean American Education Foundation should prioritize the establishment and publication of these crucial policies. Addressing these limitations will not only enhance its transparency but may also lead to increased support and funding in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Korean American Education Foundation legitimate?
Korean American Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Korean American Education 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $113,490
For more financial information, click here
What is the mission statement of Korean American Education Foundation?
The Korean American Education Foundation's mission involves teaching the Korean language, history, and music during weekends. The organization strives to impart these subjects to its learners, enhancing their cultural understanding and appreciation. By doing so, the foundation contributes to preserving and sharing the rich Korean heritage with a wider audience. The educational approach is conducted on a weekend basis, providing flexibility for those interested in learning or strengthening their knowledge of Korean culture.
Who is the CEO of Korean American Education Foundation?
Heidi Keem is the Teacher of Korean American Education Foundation.
What is the revenue of Korean American Education Foundation?
Korean American Education Foundation's revenue in 2023 was $146,641.
Who are the executives of Korean American Education Foundation and what are their salaries?
The average compensation at Korean American Education Foundation during 2023 was $56,745. There are 2 employees at Korean American Education Foundation.
Here are 2 key members and their salaries:
- Compensation: $4,800
- Related: $0
- Other: $0
- Compensation: $4,800
- Related: $0
- Other: $0
Where can I find the form 990 for Korean American Education Foundation?
Korean American Education Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Korean American Education Foundation
The Korean American Education Foundation, as its name suggests, is dedicated to educating individuals about the Korean language, history, and music. This nonprofit organization accomplishes this mission by conducting educational sessions during the weekend. Through these lessons, the Korean American Education Foundation aims to share the rich cultural heritage of Korea, fostering a deeper understanding and appreciation for its language, history, and music among its students. By providing weekend classes, the organization caters to individuals who may have busy weekday schedules, making it more accessible for a wider range of people to participate and learn.
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Impact
October, 2024
The Korean American Education Foundation significantly impacts the community by providing essential education in Korean language, history, and music on weekends. Through structured programs, it fosters a deeper understanding and appreciation of Korean culture among participants, helping to preserve cultural heritage and identity. This educational initiative not only equips students with language skills but also enriches their knowledge of Korean history and music, fostering a sense of pride and connection to their roots. By facilitating this learning environment, the foundation plays a crucial role in bridging cultural gaps and promoting community cohesion in Laurel, MD.
This information is meant to be a general summary of Korean American Education 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: -$62,979
- Program Service Revenue: $138,720
- Gross Receipts: $146,641
Assets and Liabilities:
- Total Assets: $1,019,629
- Total Liabilities: $0
- Net Assets: $1,019,629
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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
$138,720
Organization Details
Founding Year
1987
Phone
(301) 515-9197Principal Officer
Heidi Keem
Main Address
14302 ROSEMORE LANE, LAUREL, MD, 20707
NTEE Category
Code: A23 - Arts
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