Overview
What is Korean American Naju Association Of The Greater New York Inc?
The Korean American Naju Association of the Greater New York is a nonprofit organization, specifically dedicated to assisting low-income students within the community. They achieve this goal through their ethnic immigrant centers and services, which are situated in Bayside, New York. The association's mission is to provide support for these students, ensuring they have the necessary resources to overcome financial obstacles and continue their education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (53%)
The Korean American Naju Association of the Greater New York Inc has received a one-star rating from Charity Navigator, reflecting a score of 53%. This rating indicates significant concerns primarily related to accountability and finance, as the organization lacks several key policies and transparency measures that are typically expected from nonprofits. The overall score is heavily influenced by the accountability and finance metrics, which are critical for building trust with donors.
The organization's strengths include a strong program expense ratio of 71.73%, suggesting that a substantial portion of its expenditures directly support its programs. Additionally, it has demonstrated no material diversion of assets, which is a positive indicator of financial integrity. However, the organization faces considerable weaknesses in governance, with only 33% of its board members being independent, which does not meet best practices for accountability.
Several vital policies, such as conflict of interest and whistleblower policies, are missing, and the nonprofit has not provided its tax form or maintained a visible online presence for important documents. These deficiencies contribute to the low overall rating and suggest that the organization needs to enhance its governance framework and transparency to improve its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Korean American Naju Association Of The Greater New York Inc legitimate?
Korean American Naju Association Of The Greater New York Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Korean American Naju Association Of The Greater New York 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
For more financial information, click here
What is the mission statement of Korean American Naju Association Of The Greater New York Inc?
The Korean American Naju Association of the Greater New York has a mission to support low-income students. They accomplish this by providing assistance through their ethnic immigrant centers and services, located in various areas. This organization's primary focus is on uplifting the educational prospects of financially disadvantaged students. By offering their resources and services, they aim to make a significant impact on the lives of these students. Their work is instrumental in providing opportunities for these students to excel academically and overcome the challenges associated with their financial situation.
Who is the CEO of Korean American Naju Association Of The Greater New York Inc?
Ki Jo Woo is the Director of Korean American Naju Association Of The Greater New York Inc.
What is the revenue of Korean American Naju Association Of The Greater New York Inc?
Korean American Naju Association Of The Greater New York Inc's revenue in 2022 was $57,275.
Who are the executives of Korean American Naju Association Of The Greater New York Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Korean American Naju Association Of The Greater New York Inc?
Korean American Naju Association Of The Greater New York Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Korean American Naju Association Of The Greater New York Inc
The Korean American Naju Association of the Greater New York is committed to supporting low-income students. This nonprofit organization achieves this mission by operating ethnic immigrant centers and providing services within their community. Located in Bayside, NY, this association serves as a vital resource for students in need. By offering its support through these centers, the Korean American Naju Association of the Greater New York helps to improve the lives of these students, enabling them to overcome the challenges that come with a low income.
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Impact
August, 2024
The Korean American Naju Association of the Greater New York supports low-income students through ethnic immigrant centers and services in Bayside, NY. Its impact is seen through its dedicated efforts to provide educational support and resources to those in need. By focusing on the education of low-income students, the association helps make a difference in the community by giving them the tools they need to succeed and achieve their academic goals.
This information is meant to be a general summary of Korean American Naju Association Of The Greater New York 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.
- Program Service Revenue: $57,275
- Gross Receipts: $57,275
Assets and Liabilities:
- Total Assets: $7,346
- Total Liabilities: $0
- Net Assets: $7,346
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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
$57,275
Organization Details
Founding Year
2014
Phone
(718) 281-2264Principal Officer
Ki Jo Woo
Main Address
45-27 SPRINGFIELD BLVD, BAYSIDE, NY, 11361
NTEE Category
Code: B90 - Education
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