Overview
What is Korean American Association Of Chicago?
The Korean American Association of Chicago is a nonprofit organization that serves the Korean community, striving to enhance their representation in American society and uphold their civil rights. They play a pivotal role in assisting newly-arrived Korean immigrants, offering guidance and resources for their integration into the job market. Furthermore, this association encourages cultural exchange between Koreans and Americans, serving as a valuable information center in this regard. Their initiatives include donations and outreach, contributing $11,475, and celebrating Korean American Day.
Official website here: www.koreachicago.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 48%
The Korean American Association of Chicago has received a low overall score of 48%, resulting in a Zero-Star out of Four Star rating. This rating reflects significant concerns regarding the organization's accountability and financial practices. While the charity demonstrates strengths in governance, such as having a fully independent board and no material diversion of assets, there are critical deficiencies in its financial transparency and policy adherence.
Notably, the organization lacks key policies including a whistleblower policy and a document retention and destruction policy, which impacted its accountability scores. Additionally, the failure to post its tax form on its website raises questions about its commitment to transparency. The program expense ratio is also low at 40.13%, suggesting that a smaller proportion of its expenses are directed towards its stated mission.
While the Korean American Association of Chicago has established strong governance structures, the shortcomings in financial oversight and transparency hinder its overall effectiveness. Improving these areas could enhance its accountability and ultimately better serve its community.
This AI summary has been generated from information found on Charity Navigator.
Is Korean American Association Of Chicago legitimate?
Korean American Association Of Chicago is a legitimate nonprofit organization registered as a 501(c)(3) entity. Korean American Association Of Chicago 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: $31,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.koreachicago.org
What is the mission statement of Korean American Association Of Chicago?
The Korean American Association of Chicago's mission is centered around promoting the standing of the Korean community within mainstream American society and advocating for the civil rights of Korean Americans. They also assist in the transition of newly arrived Korean immigrants by providing necessary information. Furthermore, this organization serves as a bridge for cultural exchange between Koreans and Americans, functioning as an informational hub. Their activities include offering financial aid and hosting events such as Korean American Day.
Official website here: www.koreachicago.org
What is the revenue of Korean American Association Of Chicago?
Korean American Association Of Chicago's revenue in 2023 was $974,117.
Official website here: www.koreachicago.org
Who are the executives of Korean American Association Of Chicago and what are their salaries?
The average compensation at Korean American Association Of Chicago during 2023 was $31,000. There is 1 employee at Korean American Association Of Chicago.
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Official website here: www.koreachicago.org
Where can I find the form 990 for Korean American Association Of Chicago?
Korean American Association Of Chicago's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.koreachicago.org
Learn more at the official website: www.koreachicago.org
Mission Statement of Korean American Association Of Chicago
The Korean American Association of Chicago aims to elevate the position of the Korean community within the broader American society. This nonprofit organization is committed to advocating for the civil rights of Korean Americans and assisting newly arrived Korean immigrants in their transition. By serving as an information center, the Korean American Association of Chicago facilitates cultural exchange between Koreans and Americans, fostering understanding and cooperation between the two communities. Beyond its advocacy and outreach efforts, the association also provides job-market information, helping Korean immigrants navigate the employment landscape in their new country. Overall, the Korean American Association of Chicago plays a vital role in promoting the well-being and integration of the Korean community within American society.
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Impact
October, 2024
The Korean American Association of Chicago plays a vital role in enhancing the status of the Korean community within mainstream American society. By advocating for civil rights, the association helps ensure that the voices of Korean Americans are heard and represented. It supports newly-arrived immigrants during their transition, offering guidance and essential job-market information that aids in their integration and success.
Cultural exchange initiatives foster understanding between Koreans and Americans, enriching the community's diversity. Programs such as Donation & Outreach and celebrations like Korean American Day not only raise awareness but also promote unity and support within the community. The association serves as an important information center, connecting individuals and families with the resources needed to thrive in their new environment. Overall, the association significantly contributes to the social fabric of the Korean American community in the Chicago area.
This information is meant to be a general summary of Korean American Association Of Chicago. 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: $2,866
- Program Service Revenue: $17,000
- Gross Receipts: $974,117
Assets and Liabilities:
- Total Assets: $1,278,234
- Total Liabilities: $21,090
- Net Assets: $1,257,144
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
5K
Revenue
$16,890
NEXT GENERATION CONFERENCE
Revenue
$110
Organization Details
Founding Year
1983
Principal Officer
Julie E Choi
Website
www.koreachicago.orgNTEE Category
Code: P84Z - Human services
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