Overview
What is Korean American Education Foundation Inc?
The Korean American Education Foundation Inc, located at 680 Wilshire Pl Apt 200, Los Angeles, CA 90005, is a nonprofit organization dedicated to the education of the Korean language, heritage, and culture. Their primary activity involves providing weekend Korean school teachers with a platform to enhance their teaching skills and passion for educating the younger generation. Through their Korean School Teachers Training Program, participants can learn new teaching methodologies and techniques, thereby contributing positively to the education of the Korean community's youth. The foundation employs a team of 5 individuals committed to this mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
The Korean American Education Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The organization scored a total of 90%, indicating effective management of resources and a commitment to transparency. This rating is primarily based on a comprehensive evaluation of its financial practices, demonstrating a robust framework for governance.
One notable strength of the foundation is its high percentage of independent board members, accounting for 83% of its board. This independence is crucial for objective decision-making and enhances the organization's integrity. Additionally, the foundation has established clear policies regarding conflict of interest and whistleblower protections, further promoting ethical operations within the organization.
However, the foundation's financial health is also commendable, with a program expense ratio of 80.50%, suggesting that a significant portion of its budget is allocated directly to its educational initiatives. The low liabilities to assets ratio of 2.81% indicates sound financial management. Overall, the foundation's high scores across various metrics reflect its commitment to effective governance and responsible stewardship of funds.
This AI summary has been generated from information found on Charity Navigator.
Is Korean American Education Foundation Inc legitimate?
Korean American Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Korean American Education Foundation 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.
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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $111,603
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What is the mission statement of Korean American Education Foundation Inc?
The Korean American Education Foundation Inc's mission is centered around the education of the Korean language, heritage, and culture. Specifically, their mission involves providing opportunities for weekend Korean school teachers to reignite their passion and commitment to teaching, allowing them to enhance their teaching methodologies and skills as professionals.
Who is the CEO of Korean American Education Foundation Inc?
Jeonhoon Kang is the Auditor of Korean American Education Foundation Inc.
What is the revenue of Korean American Education Foundation Inc?
Korean American Education Foundation Inc's revenue in 2022 was $517,211.
Who are the executives of Korean American Education Foundation Inc and what are their salaries?
The average compensation at Korean American Education Foundation Inc during 2022 was $22,321. There are 5 employees at Korean American Education Foundation Inc.
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Where can I find the form 990 for Korean American Education Foundation Inc?
Korean American Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Korean American Education Foundation Inc
The Korean American Education Foundation Inc is committed to promoting the education of the Korean language, heritage, and culture. At the heart of their mission is the Korean School Teachers Training Program. This initiative aims to inspire and empower weekend Korean school teachers, fostering a deep passion and sense of mission in their pursuit of educating the younger generation. Through this program, participants gain access to innovative teaching methodologies and skills, transforming themselves into proficient and dedicated educators.
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Impact
July, 2024
The Korean American Education Foundation Inc's impact lies in its dedication to education about Korean language, heritage, and culture. Through programs like the Korean School Teachers Training Program in Los Angeles, CA, the foundation provides weekend Korean school teachers with the tools and skills to educate the younger generation effectively. By offering training in new teaching methodologies and fostering a sense of passion and mission among educators, the foundation plays a vital role in preserving and promoting Korean language and culture.
This information is meant to be a general summary of Korean American Education Foundation 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.
- Program Service Revenue: $67,740
- Gross Receipts: $867,837
Assets and Liabilities:
- Total Assets: $3,076,679
- Total Liabilities: $86,669
- Net Assets: $2,990,010
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Registration Fee
Revenue
$67,740
Organization Details
Founding Year
1996
Phone
(213) 386-3112Principal Officer
Jeonhoon Kang
Main Address
680 WILSHIRE PL APT 200, LOS ANGELES, CA, 90005
NTEE Category
Code: Q21 - International
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