Overview
What is Korean-American Society Of Ct Inc?
The Korean-American Society of CT Inc, situated in Hamden, Connecticut, is a devoted nonprofit organization. Their main objective is to aid South Korean immigrants in integrating into Connecticut society, ultimately becoming Korean-American citizens. They achieve this by publishing and distributing Korean-American journals, serving as a platform for cultural exchange and understanding. Additionally, they promote activities that foster unity and healthy social relationships within the Korean-American community, thereby strengthening their presence in Connecticut.
Official website here: www.kasct.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
The Korean-American Society of Connecticut Inc. holds a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance, receiving an overall score of 76%. This rating indicates that the organization meets a satisfactory standard in managing its resources, with a focus on transparency and effective financial practices during the most recent fiscal year, FY2023.
One of the organization's notable strengths is its independent governance, as it boasts a fully independent board of members and has reported no material diversion of assets. Additionally, the charity demonstrates excellent financial health with a program expense ratio of 95%, meaning that a significant portion of its expenditures supports its programs directly, which is a positive indicator of its mission-driven focus.
However, the organization has some limitations, particularly in its governance policies. Notably, it lacks certain essential policies, such as a conflict of interest policy and a whistleblower policy, which may affect perceptions of its overall governance framework. Despite these gaps, the charity's strong performance in accountability metrics suggests that it effectively manages its financial operations, even though it could benefit from improving its governance policies.
This AI summary has been generated from information found on Charity Navigator.
Is Korean-American Society Of Ct Inc legitimate?
Korean-American Society Of Ct Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Korean-American Society Of Ct 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
Official website here: www.kasct.org
What is the mission statement of Korean-American Society Of Ct Inc?
The Korean-American Society of CT Inc's mission is centered around assisting South Korean immigrants in settling into Connecticut as Korean-American citizens. This organization strives to promote activities that foster unity and healthy social relationships among its members. In addition to this, they publish and distribute the Connecticut Korean-American Journals. This publication serves as a medium to keep the community informed and connected. The society's activities are aimed at helping South Korean immigrants integrate into American society while maintaining their cultural identity and values.
Official website here: www.kasct.org
What is the revenue of Korean-American Society Of Ct Inc?
Korean-American Society Of Ct Inc's revenue in 2023 was $91,920.
Official website here: www.kasct.org
Who are the executives of Korean-American Society Of Ct Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.kasct.org
Where can I find the form 990 for Korean-American Society Of Ct Inc?
Korean-American Society Of Ct Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.kasct.org
Learn more at the official website: www.kasct.org
Mission Statement of Korean-American Society Of Ct Inc
The Korean-American Society of CT, as a nonprofit organization, is dedicated to aiding South Korean immigrants in settling down and integrating into the community of Connecticut. By serving as a catalyst for Korean-American citizenship, the society promotes activities that foster unity and healthy social relationships among its members. In pursuit of this mission, the Korean-American Society of CT publishes and distributes the Connecticut Korean-American Journals, providing a platform for communication and information sharing within the community.
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Impact
August, 2024
Korean-American Society Of Ct Inc has a significant impact on the South Korean immigrant community in Connecticut by providing essential support and resources to help them settle down and thrive as Korean-American citizens. Additionally, the organization plays a crucial role in promoting activities that foster unity and healthy social relationships within the community. Through their publication and distribution of Connecticut Korean-American journals, they further facilitate communication and connection among members. Overall, Korean-American Society Of Ct Inc's dedication to human services contributes to a stronger and more connected Korean-American community in the state of Connecticut.
This information is meant to be a general summary of Korean-American Society Of Ct 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 2023.
- Program Service Revenue: $18,150
- Gross Receipts: $91,920
Assets and Liabilities:
- Total Assets: $664,950
- Total Liabilities: $0
- Net Assets: $664,950
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CT KOREAN-AMERICAN JOURNAL
Revenue
$18,150
Organization Details
Founding Year
1981
Principal Officer
Kyung Seo Park
Website
www.kasct.orgNTEE Category
Code: P84 - Human services
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