Overview
What is Koreatown Planning Committee Board Inc?
The Koreatown Planning Committee Board Inc, situated in Columbia, Maryland, is a dedicated nonprofit organization. Their primary focus is on fostering and preserving Korean American culture and history. They achieve this by advocating for the establishment of a Koreatown concept and developing programs aligned with this mission. The committee serves as a platform for celebrating and promoting the rich heritage of the Korean American community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
The Koreatown Planning Committee Board Inc has earned a commendable Three-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. With a total score of 80%, the organization demonstrates solid financial health and transparency, reflecting its commitment to responsible management of resources.
Key strengths include a fully independent board composed of 13 members, which enhances governance integrity. The charity also scores exceptionally well on program expense ratio, allocating an impressive 99.77% of its expenditures directly to its programs. Additionally, the absence of material diversion of assets and a comprehensive conflict of interest policy further bolster its accountability profile.
However, while the rating is generally favorable, it's important to keep in mind that the score is based solely on the accountability and finance beacon. There may be additional aspects of the organization’s operations and impact that are not captured in this financial overview. Overall, the Koreatown Planning Committee Board Inc demonstrates a strong commitment to fiscal responsibility.
This AI summary has been generated from information found on Charity Navigator.
Is Koreatown Planning Committee Board Inc legitimate?
Koreatown Planning Committee Board Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Koreatown Planning Committee Board 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
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What is the mission statement of Koreatown Planning Committee Board Inc?
The Koreatown Planning Committee Board Inc. is dedicated to upholding and celebrating Korean American culture and history. To accomplish this, they work towards establishing a Koreatown concept as the focus of their programs. By doing so, they contribute significantly to preserving and promoting the rich heritage of the Korean American community. Their activities are centered around this mission, aiming to foster a deeper appreciation and understanding of Korean culture among various communities.
Who is the CEO of Koreatown Planning Committee Board Inc?
Henry S Kim is the Principal Officer of Koreatown Planning Committee Board Inc.
What is the revenue of Koreatown Planning Committee Board Inc?
Koreatown Planning Committee Board Inc's revenue in 2022 was $70,999.
Who are the executives of Koreatown Planning Committee Board Inc and what are their salaries?
There 13 volunteers at Koreatown Planning Committee Board Inc.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Koreatown Planning Committee Board Inc?
Koreatown Planning Committee Board Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Koreatown Planning Committee Board Inc
The Koreatown Planning Committee Board, a nonprofit organization, is dedicated to preserving and celebrating Korean American culture and history. To achieve this mission, the committee establishes a Koreatown concept, which serves as the foundation for their programs. By focusing on this mission, the Koreatown Planning Committee Board contributes to the rich cultural tapestry of the communities they serve.
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Impact
August, 2024
Koreatown Planning Committee Board Inc's impact is significant in promoting Korean American culture and history through its establishment of a Koreatown concept. Its programs are designed to support this mission and contribute to the preservation and celebration of Korean heritage. The committee's location in Columbia, MD, allows it to actively engage with the community and raise awareness about the rich cultural traditions of Korean Americans.
This information is meant to be a general summary of Koreatown Planning Committee Board 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: $97
- Gross Receipts: $70,999
Assets and Liabilities:
- Total Assets: $50,318
- Total Liabilities: $0
- Net Assets: $50,318
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Organization Details
Founding Year
2019
Phone
(301) 257-8718Principal Officer
Henry S Kim
Main Address
6751 COLUMBIA GATEWAY DRIVE, COLUMBIA, MD, 21046
NTEE Category
Code: A23 - Arts
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