Overview
What is The Korea Society?
The Korea Society is a renowned nonprofit organization situated in New York. Its primary mission is to foster a deeper understanding and cooperation between the United States and South Korea. They achieve this goal through strategic policy programs and internationally acclaimed media initiatives. By doing so, they aim to strengthen the bond of awareness and mutual understanding between the two nations. Their initiatives have gained recognition for their significant contribution to US-Korea relations.
Official website here: www.koreasociety.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Stars)
The Korea Society has received a Four-Star rating from Charity Navigator, reflecting its exceptional performance in accountability and finance. With a score of 98%, the organization demonstrates strong governance and financial practices, including a fully independent board of directors and robust oversight mechanisms. This high rating is significant as it indicates the charity's commitment to transparency and responsible management of its resources.
Strengths highlighted in the evaluation include a high program expense ratio of 67.23%, indicating that a significant portion of its funding directly supports programs rather than administrative costs. Additionally, the organization showcases excellent fundraising efficiency, with only $0.19 spent to raise a dollar, which suggests it effectively manages its fundraising efforts to maximize impact.
While the charity's financials are strong overall, there may be areas for improvement in program expense ratios to increase even further. However, the overwhelmingly positive metrics and policies in place contribute to a favorable impression of The Korea Society as a reliable and effective nonprofit.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Korea Society?
84% of 76 reviewers on Facebook recommend The Korea Society. Here is a summary of their reviews:
Many users express enthusiasm about the educational and engaging experiences offered by The Korea Society, particularly highlighting its focus on the rich history of Korea from ancient times to the present. The unique interactive elements, such as quizzes related to Korean history, are appreciated for their ability to make learning enjoyable and accessible.
Overall, there is a strong sentiment of satisfaction among those who have interacted with the organization. Users feel that The Korea Society successfully provides valuable insights into Korean culture and history, creating an informative and fun atmosphere for participants.
This AI summary has been generated from reviews found on Facebook.
Is The Korea Society legitimate?
The Korea Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Korea Society 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: $309,682
Professional Fundraising Fees: $0
Other Salaries and Wages: $945,610
For more financial information, click here
Official website here: www.koreasociety.org
What is the mission statement of The Korea Society?
The Korea Society's mission is centered around enhancing the relationship between the United States and Korea. Through policy programs and internationally acclaimed media initiatives, it works towards fostering awareness, understanding, and cooperation between the two nations. This organization serves as a bridge, promoting mutual understanding and collaboration to strengthen the bond between these two significant entities.
Official website here: www.koreasociety.org
Who is the CEO of The Korea Society?
Thomas Byrne is the Chair of The Korea Society. The CEO's salary of The Korea Society is $292,112 and their total compensation is $309,682.
Official website here: www.koreasociety.org
What is the revenue of The Korea Society?
The Korea Society's revenue in 2022 was $5,439,144.
Official website here: www.koreasociety.org
Who are the executives of The Korea Society and what are their salaries?
The average compensation at The Korea Society during 2022 was $54,578. There are 23 employees and 46 volunteers at The Korea Society.
Here are 32 key members and their salaries (The Korea Society's CEO's salary is $292,112 and their total compensation is $309,682):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $292,112
- Related: $0
- Other: $17,570
- Compensation: $108,298
- Related: $0
- Other: $24,686
Official website here: www.koreasociety.org
Where can I find the form 990 for The Korea Society?
The Korea Society's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.koreasociety.org
Learn more at the official website: www.koreasociety.org
Mission Statement of The Korea Society
The Korea Society, a notable organization, works diligently to enhance the connections between the United States and Korea. It achieves this mission by fostering awareness, understanding, and cooperation through strategic policy programs and renowned media initiatives based in New York City. This nonprofit organization plays a crucial role in bridging the gap between these two nations, promoting mutual respect and collaboration.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The Korea Society plays a vital role in strengthening the bonds of awareness, understanding, and cooperation between the US and Korea. Through its policy programs and internationally recognized media initiatives in New York, The Korea Society effectively promotes US-Korea relations and fosters cross-cultural understanding. Its impact can be seen in the enhancement of bilateral cooperation and mutual understanding between the two countries, contributing to a more harmonious and productive relationship on the international stage.
This information is meant to be a general summary of The Korea Society. 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: $1,966,847
- Program Service Revenue: $281,177
- Gross Receipts: $7,338,351
Assets and Liabilities:
- Total Assets: $27,540,832
- Total Liabilities: $4,062,367
- Net Assets: $23,478,465
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
KOREAN STUDIES
Revenue
$275,787
POLICY
Revenue
$3,485
CORPORATE
Revenue
$1,305
ARTS & CULTURE
Revenue
$600
Organization Details
Founding Year
1990
Phone
(212) 759-7525Principal Officer
Thomas Byrne
Main Address
350 MADISON AVENUE 24TH FLOOR, NEW YORK, NY, 10017
Website
www.koreasociety.orgNTEE Category
Code: Q200 - International
If you are a representative of The Korea Society and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.