Overview
What is Korean American Association Of Greater Philadelphia?
The Korean American Association of Greater Philadelphia is a nonprofit organization that fosters camaraderie among Koreans and showcases their culture within the community. This association provides financial aid to other nonprofits and organizes events to achieve these goals. Additionally, they offer support to various Korean-American community groups and families in dire circumstances, acting as a leader in addressing community issues.
Official website here: www.phila.korean.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star Rating)
The Korean American Association of Greater Philadelphia has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. With an overall score of 76%, the organization demonstrates a strong commitment to transparency, particularly noted for having a fully independent board of members and no material diversion of assets. Additionally, the program expense ratio is notably high at 89.17%, suggesting that a significant portion of funds raised is directed towards its programs.
However, there are areas where the organization could improve. Notably, the absence of a conflict of interest policy, whistleblower policy, and document retention policy raises concerns about governance practices. Each of these missing policies received a score of zero, highlighting a need for enhanced accountability measures in these critical areas.
Overall, while the Korean American Association of Greater Philadelphia shows strength in certain financial aspects and governance structure, addressing the noted limitations could further improve its integrity and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Korean American Association Of Greater Philadelphia legitimate?
Korean American Association Of Greater Philadelphia is a legitimate nonprofit organization registered as a 501(c)(3) entity. Korean American Association Of Greater Philadelphia 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:
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Other Salaries and Wages: $6,000
For more financial information, click here
Official website here: www.phila.korean.net
What is the mission statement of Korean American Association Of Greater Philadelphia?
The Korean American Association of Greater Philadelphia, as a non-profit organization, is committed to aiding other non-profit entities and fostering camaraderie among Koreans. They aim to introduce Korean culture to the wider community. The association also advocates for the interests of various Korean-American community groups and families in need, serving as a leader in resolving community-related issues. Additionally, the Korean American Association of Greater Philadelphia sponsors various events and contributes to the betterment of the Korean-American community.
Official website here: www.phila.korean.net
What is the revenue of Korean American Association Of Greater Philadelphia?
Korean American Association Of Greater Philadelphia's revenue in 2024 was $89,564.
Official website here: www.phila.korean.net
Who are the executives of Korean American Association Of Greater Philadelphia and what are their salaries?
Here are 15 key members and their salaries:
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Official website here: www.phila.korean.net
Where can I find the form 990 for Korean American Association Of Greater Philadelphia?
Korean American Association Of Greater Philadelphia's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.phila.korean.net
Learn more at the official website: www.phila.korean.net
Mission Statement of Korean American Association Of Greater Philadelphia
The Korean American Association of Greater Philadelphia, as a non-profit organization, is committed to making contributions to other non-profit entities and fostering relationships among Koreans within the community. Its mission extends beyond this, as it also sponsors events to showcase Korean culture to a broader audience. The association serves as a support system for various Korean-American community groups and families in need, providing leadership in addressing community issues. It aims to solve problems within the Korean-American community, thereby contributing to its overall well-being.
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Impact
October, 2024
The Korean American Association of Greater Philadelphia significantly fosters community cohesion and cultural understanding in the region. By organizing events that celebrate Korean culture, the Association facilitates mutual friendship among Koreans and introduces broader communities to unique traditions and practices.
In addition to cultural promotion, the organization plays a vital role in supporting Korean-American community groups and families, especially those facing challenges. This support includes addressing their needs and advocating for their interests. By acting as a leadership body, the Association helps navigate and resolve various issues affecting the community, thus contributing to the overall well-being and empowerment of Korean Americans in the Greater Philadelphia area.
This information is meant to be a general summary of Korean American Association Of Greater Philadelphia. 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 2024.
- Investment Income: $804
- Gross Receipts: $89,564
Assets and Liabilities:
- Total Assets: $323,692
- Total Liabilities: $60,000
- Net Assets: $263,692
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Organization Details
Founding Year
1990
Principal Officer
Sharon Hartz
Website
www.phila.korean.netNTEE Category
Code: P840 - Human services
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