Overview
What is The Korean American Foundation Hawaii?
The Korean American Foundation Hawaii is a 501(c)(3) nonprofit organization, situated at 1649 Kalakaua Avenue, Honolulu, HI 96826. Its primary mission is to foster and preserve Korean culture and heritage in Hawaii. The foundation has demonstrated its commitment through various initiatives. It has provided financial support to Aliolani Elementary School, the Hanguel Day Festival, the Hawaiian Plantation Village, and the Korean Artists Association Hawaii, among others. Additionally, it has extended financial assistance to local organizations like the Hawaii Korean Chamber of Commerce and Jinyoung Won for Songs of Love. The foundation has also sponsored special programs on KBFD TV and contributed to Korean American Day celebrations. Furthermore, it has donated to the Korea Times Hawaii and supported the Korean Care Home. With contributions to the Pu'uiki Korean Cemetery Project, the foundation underscores its dedication to preserving the Korean heritage in Hawaii.
Official website here: www.kafoundationhi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, Two-Star out of Four Star rating
The Korean American Foundation Hawaii has received a score of 65%, which translates into a Two-Star rating. This indicates that while the organization demonstrates some strengths, it has room for improvement in areas related to accountability and finance. The majority of the board members are independent, and the organization has no material diversion of assets, showcasing a solid commitment to governance and financial responsibility.
However, the foundation has notable weaknesses, particularly in its policies. It lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which together have significantly impacted its accountability score. Additionally, while the program expense ratio is reasonably solid at 61.38%, other operational aspects need to be addressed to enhance overall financial transparency and ethical standards.
Overall, while The Korean American Foundation Hawaii shows potential in its governance structure and financial management, addressing the gaps in its policies will be crucial for improving its rating and gaining greater trust from supporters and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is The Korean American Foundation Hawaii legitimate?
The Korean American Foundation Hawaii is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Korean American Foundation Hawaii 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:
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For more financial information, click here
Official website here: www.kafoundationhi.org
What is the mission statement of The Korean American Foundation Hawaii?
The Korean American Foundation Hawaii, functioning under Section 501(c)(3), is dedicated to serving charitable, educational, literary, scientific, and religious purposes. The organization actively supports various initiatives, such as promoting Korean culture and heritage. Some of its initiatives include funding for events like Aliolani Elementary School activities and the Hanguel Day Festival, sponsoring special programs on KBFD TV, and contributing to the Korean Artists Association Hawaii. Additionally, the foundation provides financial assistance to organizations like the Hawaiian Plantation Village and the Korea Times Hawaii, among others. Its mission extends to supporting community projects, such as the Pu'uiki Korean Cemetery Project, and contributing to the Korean Care Home.
Official website here: www.kafoundationhi.org
What is the revenue of The Korean American Foundation Hawaii?
The Korean American Foundation Hawaii's revenue in 2023 was $221,770.
Official website here: www.kafoundationhi.org
Who are the executives of The Korean American Foundation Hawaii and what are their salaries?
There 9 volunteers at The Korean American Foundation Hawaii.
Here are 9 key members and their salaries:
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Official website here: www.kafoundationhi.org
Where can I find the form 990 for The Korean American Foundation Hawaii?
The Korean American Foundation Hawaii's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.kafoundationhi.org
Learn more at the official website: www.kafoundationhi.org
Mission Statement of The Korean American Foundation Hawaii
The Korean American Foundation Hawaii, as per its organization, is established with the primary purpose of operating for charitable, scientific, literary, religious, or educational objectives, falling under Section 501(c)(3) of the Internal Revenue Code. The association actively works towards promoting Korean culture and heritage through a variety of initiatives.
Some of the projects undertaken by The Korean American Foundation Hawaii include funding for Aliolani Elementary School, the Hanguel Day Festival, and the Hawaiian Plantation Village. The foundation also contributes to the Hawaii Korean Chamber of Commerce and supports the Korea Times Hawaii, demonstrating its commitment to fostering both cultural and economic growth within the Korean community.
Moreover, The Korean American Foundation Hawaii extends its support to various cultural and community events, such as Korean Artists Association Hawaii and Korean American Day 120th Celebration. Additionally, the foundation shows concern for the welfare of the elderly Korean community by contributing to the Korean Care Home. The foundation's involvement in numerous projects highlights its dedication to preserving and promoting Korean culture and heritage in Hawaii.
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Impact
August, 2024
The Korean American Foundation Hawaii promotes Korean culture and heritage by providing financial support to various organizations and events in Hawaii. Their impact includes funding activities such as the Aliolani Elementary School, Hanguel Day Festival, Hawaii Korean Chamber of Commerce, Hawaiian Plantation Village, Jinyoung Won for Songs of Love, KBFD TV Special Programs, Korea Times Hawaii, Korean American Day 120th Celebration, Korean Artists Association Hawaii, Korean Care Home, and Pu'uiki Korean Cemetery Project. Through these contributions, the foundation helps to enrich and preserve Korean cultural traditions in the local community.
This information is meant to be a general summary of The Korean American Foundation Hawaii. 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 2023.
- Investment Income: $94,281
- Gross Receipts: $221,770
Assets and Liabilities:
- Total Assets: $1,761,563
- Total Liabilities: $0
- Net Assets: $1,761,563
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Organization Details
Founding Year
1992
Principal Officer
Edward Shultz
Website
www.kafoundationhi.orgNTEE Category
Code: A230 - Arts
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