Overview
What is Kaist Us Foundation Inc?
Kaist Us Foundation Inc is a charitable organization based in Los Angeles, California. Established with the purpose of supporting the Korea Advanced Institute of Science and Technology (KAIST) and other educational institutions, its main mission involves performing functions and carrying out charitable, educational, and scientific objectives. The foundation made a donation in previous years, specifically for the establishment of the Kaist Center for Contemplative Science. Despite not making any contributions in 2022, the foundation continues its operations, dedicated to benefiting KAIST and furthering the goals of other educational institutions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 stars
The Kaist Us Foundation Inc has received a zero-star rating from Charity Navigator, indicating significant concerns regarding its financial accountability and transparency. With an overall score of 40%, the foundation falls short in crucial areas such as its liabilities to assets ratio and program expense ratio, both of which have significantly impacted its rating.
Despite these financial weaknesses, the organization demonstrates a strong commitment to governance, achieving full points for having a majority independent board and effective conflict of interest policies. This suggests that while the foundation may be well-governed, its financial management practices require immediate attention and improvement.
Users and potential donors should consider these factors carefully, as the low program expense ratio points to a smaller portion of funds being directed towards the foundation's stated mission. Without visible improvement in these key financial areas, concerns regarding the sustainability and effectiveness of the organization remain valid.
This AI summary has been generated from information found on Charity Navigator.
Is Kaist Us Foundation Inc legitimate?
Kaist Us Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kaist Us Foundation 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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What is the mission statement of Kaist Us Foundation Inc?
The Kaist Us Foundation Inc is established with a charitable, educational, and scientific purpose, primarily to support the Korea Advanced Institute of Science and Technology (KAIST) and other educational institutions. Its mission is to carry out functions or perform tasks that align with the charitable goals of these institutions. The foundation has donated funds to KAIST's Center for Contemplative Science, but no donations were made in 2022. The foundation's role is to advance the objectives of KAIST and other educational institutions through charitable activities.
Who is the CEO of Kaist Us Foundation Inc?
Man-Sung Yim is the President/Secretary of Kaist Us Foundation Inc.
What is the revenue of Kaist Us Foundation Inc?
Kaist Us Foundation Inc's revenue in 2022 was $187,006.
Who are the executives of Kaist Us Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Kaist Us Foundation Inc?
Kaist Us Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kaist Us Foundation Inc
Kaist Us Foundation Inc is a charitable organization with a mission to support educational and scientific purposes, primarily benefiting the Korea Advanced Institute of Science and Technology (KAIST) and other educational institutions. Its role is to carry out the charitable objectives of these educational institutions, performing various functions to achieve this goal. The foundation's activities are geared towards contributing to the broader mission and purposes of these institutions. In one particular instance, Kaist Us Foundation Inc made a donation to KAIST Development Foundation for the establishment of the KAIST Center for Contemplative Science. However, no donations were made by Kaist Us Foundation Inc in 2022, as mentioned in the information provided.
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Impact
October, 2024
Kaist Us Foundation Inc significantly enhances educational and scientific initiatives by supporting the Korea Advanced Institute of Science and Technology (KAIST) and similar institutions. Through its charitable contributions, the foundation plays a pivotal role in the development of innovative programs, such as the KAIST Center for Contemplative Science. By prioritizing educational advancement and scientific research, the foundation fosters a culture of intellectual growth and discovery. Its commitment to these causes helps create opportunities for students and researchers, ultimately contributing to the broader advancement of knowledge and technology.
This information is meant to be a general summary of Kaist Us Foundation 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.
- Gross Receipts: $187,006
Assets and Liabilities:
- Total Assets: $1,686,009
- Total Liabilities: $27,836
- Net Assets: $1,658,173
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Organization Details
Founding Year
2007
Phone
(213) 480-9100Principal Officer
Man-Sung Yim
Main Address
CO CKP 3435 WILSHIRE BLVD 2240, LOS ANGELES, CA, 90010
NTEE Category
Code: B12 - Education
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