Overview
What is The Korean American Sr Ctr Inc?
The Korean American Sr Ctr Inc, initially established in 1987 as a senior center, has evolved to serve a diverse population beyond its original Korean-American focus. Currently, the organization annually assists over 7,000 individuals and families, irrespective of ethnicity. Its primary objective is to educate and care for senior Korean Americans through job referrals and collaboration with state chore workers. This holistic approach aims to improve the lives of the elderly by providing essential resources and support.
Official website here: www.hanulusa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Korean American Sr Ctr Inc has received a two-star rating from Charity Navigator, reflecting a score of 69%. While the organization demonstrates strong financial health with a high program expense ratio of 91.58% and no material diversion of assets, it lacks critical transparency and governance measures. Key areas needing attention include the absence of independent board members and missing policies on conflict of interest, whistleblower protection, and document retention.
The center has maintained good audit practices and has its financial statements in order, which contributes positively to its accountability score. However, the complete lack of independent board oversight raises concerns about its governance structure. Moreover, the failure to post important documents, such as tax forms, on its website suggests a need for improved communication and transparency with stakeholders.
Overall, while The Korean American Sr Ctr Inc performs well in program execution and financial management, it faces significant challenges in governance and accountability that must be addressed to enhance its overall rating and trustworthiness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is The Korean American Sr Ctr Inc legitimate?
The Korean American Sr Ctr Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Korean American Sr Ctr 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
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For more financial information, click here
Official website here: www.hanulusa.org
What is the mission statement of The Korean American Sr Ctr Inc?
The Korean American Senior Center, known as The Korean American Sr Ctr Inc, is dedicated to educating and providing care for senior Korean Americans. They accomplish this mission through job referrals and collaborating with state chore workers. The center, initially founded in 1987, primarily caters to limited-English-speaking elderly individuals of Korean descent. Currently, it annually serves over 7,000 individuals and families from various ethnic backgrounds.
Official website here: www.hanulusa.org
Who is the CEO of The Korean American Sr Ctr Inc?
Irene Jisun Sohn is the Executive Di of The Korean American Sr Ctr Inc.
Official website here: www.hanulusa.org
What is the revenue of The Korean American Sr Ctr Inc?
The Korean American Sr Ctr Inc's revenue in 2022 was $5,703,474.
Official website here: www.hanulusa.org
Who are the executives of The Korean American Sr Ctr Inc and what are their salaries?
There are 212 employees and 30 volunteers at The Korean American Sr Ctr Inc.
Here are 23 key members and their salaries:
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Official website here: www.hanulusa.org
Where can I find the form 990 for The Korean American Sr Ctr Inc?
The Korean American Sr Ctr Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hanulusa.org
Learn more at the official website: www.hanulusa.org
Mission Statement of The Korean American Sr Ctr Inc
The Korean American Senior Center, referred to as The Korean American Sr Ctr Inc, is dedicated to educating and providing care for senior Korean Americans. This is achieved primarily through job referrals and the utilization of state chore workers. The mission of this organization is to enhance the lives of elderly Korean Americans by facilitating employment opportunities and offering necessary assistance. By doing so, The Korean American Sr Ctr Inc aims to improve the overall well-being and quality of life for this specific population. The center annually serves over 7,000 individuals and families of various ethnicities, reflecting its commitment to inclusivity and service beyond the Korean American community.
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Impact
October, 2024
The Korean American Sr Ctr Inc significantly impacts the Chicago community by providing essential services and support to senior Korean Americans. It addresses the unique needs of limited-English-speaking elderly individuals through job referrals and state chore workers, helping them navigate daily challenges and maintain their independence.
With a mission focused on education and care, the center serves over 7,000 individuals and families annually, fostering a sense of community and belonging among diverse ethnicities. It plays a vital role in enhancing the quality of life for seniors, ensuring they have access to necessary resources and social connections. By bridging cultural and linguistic gaps, The Korean American Sr Ctr Inc empowers seniors, promoting well-being and dignity in their later years.
This information is meant to be a general summary of The Korean American Sr Ctr 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.
- Investment Income: $156
- Program Service Revenue: $91,314
- Gross Receipts: $5,721,391
Assets and Liabilities:
- Total Assets: $3,306,753
- Total Liabilities: $858,390
- Net Assets: $2,448,363
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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
$91,314
Organization Details
Founding Year
1987
Phone
(773) 478-8851Principal Officer
Irene Jisun Sohn
Main Address
5008 N KEDZIE AVE, CHICAGO, IL, 60625
Website
www.hanulusa.orgNTEE Category
Code: P99 - Human services
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