Overview
What is The Korean Community Center Of New York Inc?
The Korean Community Center of New York Inc, located at 13 E 30th St 2FL, New York, NY 10016, is a nonprofit organization dedicated to serving the Korean American community in the Tri-State area. Their mission is to provide various recreational, social, charitable, educational, and other activities. One of their key responsibilities includes paying the mortgage interest for their center building. Their activities aim to foster a sense of community among Korean Americans and cater to their diverse needs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
The Korean Community Center of New York Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and finance management. The overall score is based solely on the accountability and finance beacon, which reflects the organization's commitment to transparency and responsible financial practices. It is important to note that this rating highlights the organization's strengths in governance and financial health.
Strengths of the organization include a fully independent board, with all ten members being independent, and a solid structure in place for board governance, evidenced by the documentation of meeting minutes. Additionally, the center shows an impressive program expense ratio of 100%, meaning that all funds are directed towards its programs, which enhances its operational integrity.
However, despite these strong financial indicators, the overall score of 73% suggests that there may be areas for improvement in other aspects of the organization's performance or effectiveness. Potential donors and stakeholders might consider these factors when evaluating the center's impact and overall performance in the community.
This AI summary has been generated from information found on Charity Navigator.
Is The Korean Community Center Of New York Inc legitimate?
The Korean Community Center Of New York Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Korean Community Center Of 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 The Korean Community Center Of New York Inc?
The Korean Community Center of New York Inc is committed to serving the Korean American community in the tri-state area. Their mission is to provide a range of recreational, social, charitable, and educational activities to cater to diverse needs. These activities aim to foster a sense of community and support among its members. The center also focuses on providing resources that enhance the quality of life for Korean Americans. As part of their services, they have been known to assist with mortgage expenses, such as paying the interest on the center building.
Who is the CEO of The Korean Community Center Of New York Inc?
Young Tai Choi is the Treasurer of The Korean Community Center Of New York Inc.
What is the revenue of The Korean Community Center Of New York Inc?
The Korean Community Center Of New York Inc's revenue in 2022 was $51,997.
Who are the executives of The Korean Community Center Of New York Inc and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Korean Community Center Of New York Inc?
The Korean Community Center Of New York Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Korean Community Center Of New York Inc
The Korean Community Center of New York Inc is committed to serving the Korean American community in the tri-state area. Their mission is to provide a wide range of recreational, social, charitable, and educational activities for this community. These activities are designed to enrich the lives of Korean Americans and foster a sense of community among them.
The center plays a significant role in the tri-state area, offering various services that cater to the diverse needs of the Korean American community. By providing these activities, the center aims to foster a sense of unity, social interaction, and personal growth within this community. The center's activities are not limited to any one area, covering a broad spectrum of interests and needs, from recreational activities to charitable initiatives and educational programs.
The center's financial commitment, as evidenced by their mortgage interest payments, underscores their dedication to this mission. This financial investment in the center's building is a testament to their commitment to providing a space where these activities can take place and where the Korean American community can thrive. The center's services are an essential part of the fabric of the Korean American community in the tri-state area, offering a vital source of support, engagement, and connection.
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Impact
October, 2024
The Korean Community Center of New York Inc significantly enriches the lives of Korean Americans in the tri-state area by providing essential community services that foster social, recreational, educational, and charitable activities. By creating a welcoming space, the center serves as a hub for cultural engagement and support, addressing the unique needs of the Korean American community.
Its mission encompasses a range of services and resources that facilitate social connections, promote wellness, and enhance educational opportunities. The center plays a vital role in bridging cultural gaps, offering programs that help community members navigate various challenges while preserving their heritage. Financial contributions, such as paying mortgage interest for the center building, ensure the stability and continuity of these essential services, allowing the community to thrive and engage meaningfully in the broader society.
Through its various initiatives, the Korean Community Center fosters a sense of belonging and empowerment, making a lasting impact on the lives of individuals and families within the community.
This information is meant to be a general summary of The Korean Community Center Of 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.
- Gross Receipts: $51,997
Assets and Liabilities:
- Total Assets: $1,326,875
- Total Liabilities: $822,854
- Net Assets: $504,021
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Organization Details
Founding Year
2003
Phone
(917) 287-5534Principal Officer
Young Tai Choi
Main Address
13 E 30TH ST 2FL, NEW YORK, NY, 10016
NTEE Category
Code: P84 - Human services
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