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Sakks Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 824650046 ✦ Olney, MD ✦ Designated as a 501(c)(3)

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Overview

What is Sakks Inc?

Sakks Inc is a nonprofit organization, primarily focused on promoting education and fostering cultural connections. They achieve this by providing weekend Korean language classes for children of Korean immigrant families and adults interested in learning the language. These classes, offered in 12 distinct levels, run for 15 weeks during both the spring and fall semesters. Sakks Inc's mission contributes to preserving and celebrating Korean culture while also providing an educational opportunity for its participants.

Is Sakks Inc legitimate?

Sakks Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sakks Inc submitted a form 990EZ, 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 Sakks Inc?

Sakks Inc, an organization focused on promoting education and cultural activities, conducts weekend Korean language programs. These classes cater to children of Korean immigrant families and adults interested in learning the language. The programs are offered twice a year, during the spring and fall semesters, and span over 15 weeks. Students can choose from 12 different class options, providing a diverse range of learning opportunities.

What is the revenue of Sakks Inc?

Sakks Inc's revenue in 2024 was $92,379.

Who are the executives of Sakks Inc and what are their salaries?

Here are 6 key members and their salaries:


Ilchul Yoon (Board Of Tru)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sunhee Kim (Board Of Tru)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hangkyo Lim (Board Of Tru)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sunhee Choi (Board Of Tru)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Matthew Moon Seong Park (Board Of Tru)
  • Compensation: $0
  • Related: $0
  • Other: $0
Irene Joung (President)
  • Compensation: $8,280
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Sakks Inc?

Sakks Inc's most recent form 990EZ was submitted in 2024 and can be accessed here.

Mission Statement of Sakks Inc

Sakks Inc, a nonprofit organization, is committed to promoting education and fostering cultural activities. They achieve this by providing weekend Korean language programs. These programs cater to two distinct groups: the children of immigrant families from Korea and adults with an interest in learning the language. The classes run for 15 weeks during both the spring and fall semesters, offering 12 varied options to cater to different learning levels and interests. Sakks Inc's mission, through these language programs, aims to bridge the cultural gap and foster a deeper appreciation and understanding of Korean language and culture.

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Impact




August, 2024

Sakks Inc's impact is evident through its promotion of education and cultural activities. By offering weekend Korean language programs to immigrant families from Korea and adults interested in learning Korean, Sakks Inc contributes to the preservation and appreciation of Korean culture within the community. The structured 15-week semesters with 12 different class options provide a valuable opportunity for individuals to engage in language learning and cultural exchange. This not only enriches the lives of participants but also fosters a sense of community and understanding among diverse populations.




This information is meant to be a general summary of Sakks 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.

Revenue
$92,379 (2024)
Expenses
$77,609 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Program Service Revenue: $61,176
  • Gross Receipts: $92,379

Assets and Liabilities:

  • Total Assets: $140,170
  • Total Liabilities: $0
  • Net Assets: $140,170

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Organization Details

Principal Officer

Irene Joung

NTEE Category

Code: A23 - Arts

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