Overview
What is Korea-America Economic Association?
The Korea-America Economic Association is a nonprofit organization dedicated to fostering economic knowledge and dissemination. They achieve this goal by organizing and sponsoring various educational forums and conferences. By doing so, they contribute to promoting and sharing economic research within their community. Their mission is centered around facilitating a platform for professionals, academics, and enthusiasts to engage in meaningful discussions and learnings related to economic trends and developments.
Official website here: www.kaea.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Star rating)
The Korea-America Economic Association has received a 71% rating, indicating a moderate level of performance in terms of accountability and finance. The organization has demonstrated strong governance practices, such as having a fully independent board and adequate measures against material diversion of assets. However, there are notable deficiencies in their policies, particularly in areas like conflict of interest, whistleblower protections, and documentation practices, which detract from their overall accountability score.
While the organization excels in maintaining a favorable liabilities to assets ratio and demonstrates sound financial management through its program expense ratio, the lack of transparency in certain policies is a significant concern. The absence of critical policies such as a whistleblower policy and conflict of interest policy suggests potential vulnerabilities in governance that could affect stakeholder trust and operational integrity.
Overall, while the Korea-America Economic Association exhibits strengths in board independence and financial stability, its low scores in essential governance policies raise concerns about its commitment to best practices in accountability. Stakeholders may want to consider these factors when evaluating the organization's operational effectiveness and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Korea-America Economic Association legitimate?
Korea-America Economic Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Korea-America Economic Association 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
For more financial information, click here
Official website here: www.kaea.org
What is the mission statement of Korea-America Economic Association?
The Korea-America Economic Association's mission is centered around organizing and sponsoring various educational forums. Their primary objective is to promote and disseminate economic research. These forums serve as platforms to foster discussions and share insights on economic topics, ultimately contributing to the advancement of economic knowledge.
Official website here: www.kaea.org
What is the revenue of Korea-America Economic Association?
Korea-America Economic Association's revenue in 2024 was $75,921.
Official website here: www.kaea.org
Who are the executives of Korea-America Economic Association and what are their salaries?
There 9 volunteers at Korea-America Economic Association.
Here are 5 key members and their salaries:
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Official website here: www.kaea.org
Where can I find the form 990 for Korea-America Economic Association?
Korea-America Economic Association's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.kaea.org
Learn more at the official website: www.kaea.org
Mission Statement of Korea-America Economic Association
The Korea-America Economic Association plays a significant role in promoting and disseminating economic research. This nonprofit organization accomplishes this mission by organizing and sponsoring a variety of conferences and educational forums. These events serve as platforms to showcase and distribute cutting-edge economic research, fostering a greater understanding of economic issues and promoting informed discussions. By doing so, the Korea-America Economic Association contributes to the advancement of economic knowledge and policy-making.
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Impact
August, 2024
The Korea-America Economic Association has made a significant impact by organizing and sponsoring conferences and educational forums focused on promoting and disseminating economic research. Through these initiatives, the association has facilitated the exchange of ideas and knowledge among economists and researchers from Korea and America, fostering collaboration and innovation in the field of economics. By providing a platform for scholarly discussions and networking opportunities, the association contributes to the advancement of economic research and international cooperation in the academic community.
This information is meant to be a general summary of Korea-America Economic Association. 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 2024.
- Investment Income: -$4,933
- Gross Receipts: $75,921
Assets and Liabilities:
- Total Assets: $460,538
- Total Liabilities: $0
- Net Assets: $460,538
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Organization Details
Founding Year
1994
Principal Officer
Yoonseok Lee
Website
www.kaea.orgNTEE Category
Code: Q055 - International
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