Overview
What is Korean School Of Federal Way?
The Korean School of Federal Way is a nonprofit organization dedicated to fostering an engaging learning environment for the Korean language and culture. Through various programs, it aims to facilitate the discovery and experience of this language's rich heritage. The school's mission is centered around creating a supportive atmosphere for individuals to learn, explore, and immerse themselves in the Korean language and its vibrant culture.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Stars
The Korean School of Federal Way has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial management. The overall score of 53% reflects poor performance in several key areas, particularly in governance practices where the organization has no independent board members and lacks essential policies, such as conflict of interest and whistleblower policies.
Despite these governance issues, the organization demonstrates a strong commitment to its mission with a program expense ratio of 96.99%, meaning that the vast majority of its funds are allocated directly to its programs. Additionally, it has a favorable liabilities to assets ratio of 0.00%, suggesting sound financial health in terms of debt management. However, the absence of crucial documents on its website raises transparency concerns.
Overall, while the Korean School of Federal Way effectively uses its resources for programming, the lack of independent oversight and essential policies indicates a need for improvement in its governance structure to bolster trust and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Korean School Of Federal Way legitimate?
Korean School Of Federal Way is a legitimate nonprofit organization registered as a 501(c)(3) entity. Korean School Of Federal Way 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: $47,702
For more financial information, click here
What is the mission statement of Korean School Of Federal Way?
The Korean School of Federal Way is dedicated to providing an inspiring environment where individuals can learn, explore, and immerse themselves in the Korean language and its enriching culture. Through its educational programs, the school fosters an environment that encourages the acquisition of the Korean language and a deeper understanding of its culture. The school's mission is to offer a platform for individuals to engage with the Korean language and culture, thereby promoting cultural exchange and appreciation.
Who is the CEO of Korean School Of Federal Way?
Hyesu Han is the Treasurer of Korean School Of Federal Way.
What is the revenue of Korean School Of Federal Way?
Korean School Of Federal Way's revenue in 2022 was $142,954.
Who are the executives of Korean School Of Federal Way and what are their salaries?
The average compensation at Korean School Of Federal Way during 2022 was $2,272. There are 21 employees at Korean School Of Federal Way.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Korean School Of Federal Way?
Korean School Of Federal Way's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Korean School Of Federal Way
The Korean School of Federal Way is committed to establishing a supportive atmosphere where individuals can immerse themselves in the Korean language and its vibrant culture. The organization's mission revolves around fostering an environment that encourages learning, exploration, and experiential engagement with the Korean language, showcasing its rich heritage. Through various educational programs, the Korean School of Federal Way aims to bridge the gap between different cultures, promoting understanding and appreciation for the Korean language and its customs.
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Impact
October, 2024
The Korean School of Federal Way plays a significant role in promoting the Korean language and culture within the community. By creating an encouraging environment, it fosters a space where individuals can learn and experience the intricacies of the Korean language, alongside its rich cultural heritage.
Through various educational programs, the school not only teaches language skills but also instills a deeper understanding of Korean traditions, customs, and values. This experience helps bridge cultural gaps, enriches the local community's diversity, and strengthens intergenerational connections among families. The school's impact extends beyond language acquisition; it cultivates cultural appreciation and identity, contributing to a more inclusive and vibrant community in Federal Way, WA.
This information is meant to be a general summary of Korean School Of Federal Way. 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: $2,314
- Program Service Revenue: $60,040
- Gross Receipts: $142,954
Assets and Liabilities:
- Total Assets: $439,495
- Total Liabilities: $0
- Net Assets: $439,495
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATION
Revenue
$60,040
Organization Details
Principal Officer
Hyesu Han
Main Address
PO BOX 3923, FEDERAL WAY, WA, 98063
NTEE Category
Code: B29 - Education
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