Overview
What is Foundation For Korean Language & Culture In The Usa?
The Foundation For Korean Language & Culture In The Usa is a charitable organization with an educational focus, based in the United States. Their mission is to foster Korean studies and cultural understanding by engaging in research, curriculum development, and public education. They accomplish this through various programs, such as supporting Korean language classes, educating teachers, and promoting general public education. The foundation aims to enrich both the Korean community and broader society by bridging cultural gaps.
Official website here: www.klacusa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
The Foundation For Korean Language & Culture In The USA has earned a strong Four-Star rating from Charity Navigator, reflecting its commitment to accountability and finance. This high score indicates that the organization effectively manages its resources and upholds transparency in its financial practices, with an impressive 80.34% of its expenses allocated to programs.
Strengths include a fully independent board of directors, with all eight members meeting the criteria for independence. The organization demonstrates strong financial health, with no material diversion of assets reported and excellent ratios for liabilities to assets. Policies related to conflicts of interest and document retention are well established, contributing to its overall accountability.
However, there is a noted limitation regarding the absence of a whistleblower policy, which received a score of zero. While this does not significantly impact the charity's overall rating, it may suggest a potential area for improvement in governance practices. Overall, the foundation showcases strong financial oversight and a dedicated approach to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Korean Language & Culture In The Usa legitimate?
Foundation For Korean Language & Culture In The Usa is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Korean Language & Culture In The Usa 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: $43,091
Professional Fundraising Fees: $0
Other Salaries and Wages: $30,862
For more financial information, click here
Official website here: www.klacusa.org
What is the mission statement of Foundation For Korean Language & Culture In The Usa?
The Foundation for Korean Language & Culture in the USA is committed to serving a charitable and educational purpose. Its mission is centered around supporting Korean studies and research, contributing to curriculum development, and fostering cultural understanding. The organization implements programs aimed at enhancing Korean language education, educating Korean language teachers, and promoting public education in general.
Official website here: www.klacusa.org
What is the revenue of Foundation For Korean Language & Culture In The Usa?
Foundation For Korean Language & Culture In The Usa's revenue in 2024 was $494,664.
Official website here: www.klacusa.org
Who are the executives of Foundation For Korean Language & Culture In The Usa and what are their salaries?
The average compensation at Foundation For Korean Language & Culture In The Usa during 2024 was $36,976. There are 2 employees and 5 volunteers at Foundation For Korean Language & Culture In The Usa.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $43,091
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.klacusa.org
Where can I find the form 990 for Foundation For Korean Language & Culture In The Usa?
Foundation For Korean Language & Culture In The Usa's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.klacusa.org
Learn more at the official website: www.klacusa.org
Mission Statement of Foundation For Korean Language & Culture In The Usa
The Foundation for Korean Language & Culture in the USA is dedicated to providing charity and education. Its mission is centered around supporting Korean studies, conducting research for curriculum development, and fostering cultural understanding. The organization achieves this by offering programs that strengthen Korean language classes, educate Korean language teachers, and promote public education on the subject. By doing so, the Foundation for Korean Language & Culture in the USA aims to contribute to a broader understanding and appreciation of Korean culture among the general public.
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Impact
July, 2024
Foundation For Korean Language & Culture In The USA's impact is significant in promoting Korean language and culture education within the United States. Through its programs supporting Korean classes, educating Korean language teachers, and promoting general public education, the foundation plays a crucial role in fostering cultural understanding and appreciation. Its efforts contribute to the enrichment of educational resources related to Korean studies and research, ultimately enhancing cross-cultural communication and engagement.
This information is meant to be a general summary of Foundation For Korean Language & Culture In The Usa. 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 2024.
- Investment Income: $41,290
- Gross Receipts: $494,664
Assets and Liabilities:
- Total Assets: $1,217,392
- Total Liabilities: $117,718
- Net Assets: $1,099,674
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Organization Details
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