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Kernel University

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 954580540 ✦ Fullerton, CA ✦ Designated as a 501(c)(3)

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Overview

What is Kernel University?

Kernel University, located in Fullerton, California, is a nonprofit institution committed to delivering postsecondary higher education to a diverse group of students. With a small team of eight dedicated employees, they strive to offer an enriching educational experience that empowers individuals to advance their knowledge and skills. Although specific details regarding their programs or services are not provided in the information, it is clear that Kernel University plays a significant role in the field of higher education, contributing to the personal and professional growth of its students.


Official website here: www.kernel.edu

What are the reviews and ratings of this charity?

Charity Navigator Rating: 44% (Zero-Star out of Four Star rating)

Kernel University has received a low rating of 44% from Charity Navigator, which reflects concerns primarily in the area of accountability and finance. The organization has achieved a perfect score for having a majority of independent board members, indicating a commitment to governance. However, significant shortcomings are noted in areas such as financial transparency, with no financial statements available, and missing key policies like conflict of interest and whistleblower protections.

Despite a reasonable liabilities to assets ratio of 48.94% and a program expense ratio of 55.90%, the lack of documentation and transparency raises red flags for potential donors. The absence of financial statements and essential policies could affect trust and accountability, which are critical for effective nonprofit operation. Transparency in financial practices is a vital component for fostering donor confidence and ensuring organizational integrity.

Overall, while Kernel University demonstrates some strengths in board composition, the concerns regarding missing financial documentation and policies overshadow these positives. Prospective donors and stakeholders should be cautious and seek further clarity on the organization's practices before engaging with or supporting its initiatives.


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

Is Kernel University legitimate?

Kernel University is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kernel University 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: $331,647
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.kernel.edu

What is the mission statement of Kernel University?

Kernel University's mission, as stated, is to deliver postsecondary higher education to a diverse group of students. The institution is committed to this goal, aiming to provide an educational environment that caters to various learners. Their mission is centered around the provision of quality education, ensuring that a substantial number of students have access to higher learning opportunities. While the information provided is limited, it suggests that Kernel University values education and is dedicated to making it accessible to a wide range of students.


Official website here: www.kernel.edu

Who is the CEO of Kernel University?

Matthew D Woo is the Board Member of Kernel University.


Official website here: www.kernel.edu

What is the revenue of Kernel University?

Kernel University's revenue in 2023 was $950,077.


Official website here: www.kernel.edu

Who are the executives of Kernel University and what are their salaries?

The average compensation at Kernel University during 2023 was $41,456. There are 8 employees at Kernel University.


Here are 5 key members and their salaries:


Nancy Karroum (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wha Young Kim (Board Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hee Gwang Pae (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eun Gu Shin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Woo (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.kernel.edu

Where can I find the form 990 for Kernel University?

Kernel University's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.kernel.edu

Learn more at the official website: www.kernel.edu

Mission Statement of Kernel University

Kernel University, as outlined in the provided information, is committed to providing postsecondary higher education to a significant number of students. Its mission is centered around offering an environment conducive to advanced academic learning, catering to a diverse group of students. By doing so, Kernel University contributes to the broader societal goal of fostering intellectual growth and career development for its students.

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Impact




July, 2024

Kernel University's impact is significant in providing postsecondary higher education to a number of students in Fullerton, CA. Through its dedicated mission to offer quality education, Kernel University is making a positive difference in the lives of individuals seeking to further their academic and professional development.




This information is meant to be a general summary of Kernel University. 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.

Revenue
$950,077 (2023)
Expenses
$951,246 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $4,705
  • Program Service Revenue: $937,076
  • Gross Receipts: $950,077

Assets and Liabilities:

  • Total Assets: $1,058,229
  • Total Liabilities: $517,912
  • Net Assets: $540,317

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITION INCOME

Revenue

$937,076

Organization Details

Founding Year

1997

Principal Officer

Matthew D Woo

Main Address

905 S EUCLID ST APT 213, Fullerton, CA, 92832

NTEE Category

Code: B40Z - Education

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