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New Asia Foundation For Education And Culture

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

EIN: 330802338 ✦ Los angeles, CA ✦ Designated as a 501(c)(3)

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Overview

What is New Asia Foundation For Education And Culture?

The New Asia Foundation for Education and Culture is a compassionate nonprofit organization situated in Los Angeles, California. With a small team of two dedicated individuals, the foundation focuses on various missions to aid children and communities in need, particularly in North Korea and countries like Myanmar and Mongolia. Their efforts include providing relief work for North Korean children, supporting mission projects, funding native missionary scholarships, and aiding Yust missionaries. These initiatives aim to uplift and empower individuals, fostering education and cultural growth.


Official website here: www.nafecus.org

Is New Asia Foundation For Education And Culture legitimate?

New Asia Foundation For Education And Culture is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Asia Foundation For Education And Culture 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: $60,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.nafecus.org

What is the mission statement of New Asia Foundation For Education And Culture?

The New Asia Foundation for Education and Culture has a multifaceted mission aimed at aiding various communities. One of its primary objectives is to provide relief work for children in North Korea, demonstrating a strong commitment to their well-being. The foundation also undertakes mission projects in Myanmar and Mongolia, showing its global reach and dedication to supporting diverse cultures. Moreover, it supports native missionary scholars and YUST missionaries, further expanding its philanthropic efforts. In essence, the New Asia Foundation for Education and Culture is an organization that seeks to alleviate the hardships of children in North Korea, engage in mission projects worldwide, and offer educational scholarships to native and international missionaries.


Official website here: www.nafecus.org

What is the revenue of New Asia Foundation For Education And Culture?

New Asia Foundation For Education And Culture's revenue in 2023 was $178,689.


Official website here: www.nafecus.org

Who are the executives of New Asia Foundation For Education And Culture and what are their salaries?

The average compensation at New Asia Foundation For Education And Culture during 2023 was $30,000. There are 2 employees at New Asia Foundation For Education And Culture.

Here are 3 key members and their salaries:


Yeun K Lie (Secretary)
  • Compensation: $52,500
  • Related: $0
  • Other: $0
Dr Woo Yong Lie (President)
  • Compensation: $7,500
  • Related: $0
  • Other: $0
Dae Yong Shin (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.nafecus.org

Where can I find the form 990 for New Asia Foundation For Education And Culture?

New Asia Foundation For Education And Culture's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.nafecus.org

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

Mission Statement of New Asia Foundation For Education And Culture

The New Asia Foundation for Education and Culture is an organization dedicated to several mission-driven projects. One of its primary focuses is providing relief work for children in North Korea. This humanitarian effort aims to alleviate the challenges faced by these children, without specifying the exact nature of the difficulties they face.

In addition to its work in North Korea, the foundation extends its reach to Myanmar and Mongolia through mission projects. These initiatives are designed to support the local communities in these countries, although the specifics of these projects are not provided.

Furthermore, the foundation supports native missionary scholars through a scholarship program. This endeavor aims to assist individuals who are committed to spreading knowledge and promoting positive change within their own communities, but the details of this program are not disclosed.

Lastly, the New Asia Foundation for Education and Culture provides support to YUST missionaries. This aspect of their mission is not elaborated upon in the provided information, leaving the nature and scope of this support unclear. Overall, the New Asia Foundation for Education and Culture is a multifaceted organization with various initiatives aimed at supporting communities and individuals in need, primarily in North Korea, Myanmar, Mongolia, and among native missionaries.

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Impact




October, 2024

New Asia Foundation For Education And Culture significantly impacts global communities through various humanitarian and educational initiatives. Their relief work for children in North Korea addresses urgent needs such as food, healthcare, and education, improving the lives of some of the most vulnerable populations in the world.

The Myanmar and Mongolia mission projects expand their reach, providing essential resources and support for local communities. These initiatives foster development, education, and cultural exchange, helping to empower individuals and strengthen societal ties.

Additionally, the foundation's Native Missionary Scholarship Support enhances the capacity of local leaders by enabling them to pursue educational opportunities. This investment in human capital not only uplifts individuals but also contributes to the long-term sustainability of communities.

Furthermore, the support for YUST missionaries aids in the dissemination of knowledge and cultural values, promoting understanding and collaboration in their respective regions. Overall, the foundation’s multifaceted approach creates lasting positive impacts, fostering hope and progress in areas that face significant challenges.




This information is meant to be a general summary of New Asia Foundation For Education And Culture. 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
$178,689 (2023)
Expenses
$178,658 (2023)
Efficiency

Other financial information:

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

  • Gross Receipts: $178,689

Assets and Liabilities:

  • Total Assets: $71,350
  • Total Liabilities: $5,467
  • Net Assets: $65,883

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Organization Details

Founding Year

1998

Principal Officer

Dr Woo Yong Lie

NTEE Category

Code: Q300 - International

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