Overview
What is Korean Martial Arts Culture & Education Foundation Inc?
The Korean Martial Arts Culture & Education Foundation Inc is a nonprofit organization situated in Hollywood, Florida, primarily focusing on youth education. They offer guidance in Korean martial arts, aiming to instill discipline and cultural awareness. Additionally, they educate individuals about Korean language and culture. Their initiatives include a summer food service program for children, providing nourishment and fostering a sense of community.
Official website here: www.learntkd.com/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Korean Martial Arts Culture & Education Foundation Inc has received an 80% rating, which reflects a commendable level of accountability and financial health. This rating is significant as it indicates that the organization is effectively managing its resources and adhering to best practices in governance. The foundation boasts a fully independent board, with 66% of members meeting this criterion, contributing positively to its overall score.
Financially, the foundation performs well, with a program expense ratio of 97.17%, meaning that nearly all of its funds are allocated towards its charitable programs. Furthermore, it demonstrates strong controls over its assets, with no material diversion noted and a low liabilities to assets ratio of 10.54%. These figures suggest that the organization operates with transparency and prudence.
While the rating is solid, prospective donors may want to consider any areas for improvement, although none are specifically highlighted in the data provided. Overall, the Korean Martial Arts Culture & Education Foundation Inc appears to be a responsible organization dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Korean Martial Arts Culture & Education Foundation Inc legitimate?
Korean Martial Arts Culture & Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Korean Martial Arts Culture & Education Foundation 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: $3,846
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.learntkd.com/
What is the mission statement of Korean Martial Arts Culture & Education Foundation Inc?
The Korean Martial Arts Culture & Education Foundation Inc serves as a youth scholarship organization, focusing on teaching Korean martial arts and promoting Korean culture and language education. Its mission is to provide a platform for young individuals to learn and appreciate these aspects, fostering a deeper understanding and appreciation of Korean heritage. The organization offers various programs, such as summer food services for children, to engage and educate the community.
Official website here: www.learntkd.com/
Who is the CEO of Korean Martial Arts Culture & Education Foundation Inc?
Eunjoo Lee is the President of Korean Martial Arts Culture & Education Foundation Inc.
Official website here: www.learntkd.com/
What is the revenue of Korean Martial Arts Culture & Education Foundation Inc?
Korean Martial Arts Culture & Education Foundation Inc's revenue in 2022 was $144,798.
Official website here: www.learntkd.com/
Who are the executives of Korean Martial Arts Culture & Education Foundation Inc and what are their salaries?
The average compensation at Korean Martial Arts Culture & Education Foundation Inc during 2022 was $1,923. There are 2 employees at Korean Martial Arts Culture & Education Foundation Inc.
Here are 3 key members and their salaries:
- Compensation: $3,846
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.learntkd.com/
Where can I find the form 990 for Korean Martial Arts Culture & Education Foundation Inc?
Korean Martial Arts Culture & Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.learntkd.com/
Learn more at the official website: www.learntkd.com/
Mission Statement of Korean Martial Arts Culture & Education Foundation Inc
The Korean Martial Arts Culture & Education Foundation is an organization dedicated to offering youth scholarships and instilling knowledge in Korean martial arts, as well as educating individuals about Korean culture and language. This nonprofit organization's mission is to provide instruction in the ancient art of Korean martial arts, fostering a sense of discipline and respect in its students. Additionally, the foundation aims to spread awareness and understanding of Korean culture and language, enabling individuals to appreciate the rich history and traditions of this unique society. The Korean Martial Arts Culture & Education Foundation is committed to nurturing the young minds of its students, providing them with a well-rounded education that combines physical and intellectual growth.
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Impact
October, 2024
Korean Martial Arts Culture & Education Foundation Inc significantly impacts youth in its community by providing scholarships and instruction in Korean martial arts, fostering both physical and cultural education. Through its programs, individuals gain valuable skills in martial arts, promoting discipline, confidence, and a sense of accomplishment. Additionally, the foundation emphasizes the importance of Korean culture and language, enriching participants' understanding and appreciation of their heritage.
The foundation also addresses food insecurity through initiatives like the summer food service program for children, ensuring that youth have access to nutritious meals during school breaks. By integrating physical training with cultural education and community support, the foundation cultivates a holistic environment for personal growth and social development. Its efforts contribute to a deeper sense of identity and pride among participants, making a lasting difference in their lives.
This information is meant to be a general summary of Korean Martial Arts Culture & Education Foundation 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.
- Investment Income: $7
- Gross Receipts: $160,341
Assets and Liabilities:
- Total Assets: $474,041
- Total Liabilities: $50,003
- Net Assets: $424,038
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Organization Details
Founding Year
2018
Phone
(850) 621-2035Principal Officer
Eunjoo Lee
Main Address
6740 STIRLING ROAD, HOLLYWOOD, FL, 33024
Website
www.learntkd.com/NTEE Category
Code: A20 - Arts
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