United Seattle Bellevue Korean School

Charity Navigator Rating: Needs Improvement (69%, Two-Star out of Four Star rating)

The United Seattle Bellevue Korean School has received a rating of 69%, indicating a need for improvement in its overall accountability and financial practices. The organization boasts a fully independent board, which is a positive aspect of its governance. However, significant concerns arise from the absence of crucial financial statements and policies, including a conflict of interest and whistleblower policy, which has negatively impacted its score.

While the school demonstrates a commendable program expense ratio of 98.14%, indicating that nearly all its funds are directed towards its programs, the lack of transparency in financial reporting hampers its ability to effectively communicate its financial health to stakeholders. The organization has no material diversion of assets, which is a strength, but the overall absence of essential governance documents presents limitations in its operational integrity.

In summary, while United Seattle Bellevue Korean School has several strong points, such as its independent board and high program expense ratio, the absence of key financial documentation and policies suggests that improvements are necessary for better accountability and transparency in its operations.

This AI summary has been generated from information found on Charity Navigator.

United Seattle Bellevue Korean School is a legitimate nonprofit organization registered as a 501(c)(3) entity. United Seattle Bellevue Korean School 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: $377,997

For more financial information, click here

Official website here: www.usbks.us