Civic Intelligence

Korean Language Foundation Inc.

990EZ • Fiscal year 2015 • EIN 26-1446135

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 03, 2015

Organization ProfileN/A
38 West 32nd St Suite 1112New York, NY 10001

(212) 563-5763

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2015

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2015

Net Margin

71st percentile

34%

Higher net margin than 71% of similar nonprofits.

2015 filings • NTEE B82 • <$500k nonprofits • Source year 2015

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • NTEE B82 • <$500k nonprofits • Source year 2015

Asset Growth

85th percentile

32%

Faster asset growth than 85% of similar nonprofits.

2015 filings • NTEE B82 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

17th percentile

-44%

Faster revenue growth than 17% of similar nonprofits.

2015 filings • NTEE B82 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$59,117

Up $14,225 (+32%) from 2014

Net Assets

Up

$59,117

Up $14,225 (+32%) from 2014

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin71st percentile

Revenue

Down

$42,075

Down $32,513 (-44%) from 2014

Expenses

Down

$27,851

Down $3,713 (-12%) from 2014

Net Income

Down

$14,224

Down $28,800 (-67%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150K$100K$50K$0Assets 2011: $30,465Liabilities 2011: $6,000Net Assets 2011: $24,4652011Assets 2012: $7,678Liabilities 2012: $6,000Net Assets 2012: $1,6782012Assets 2013: $7,868Liabilities 2013: $6,000Net Assets 2013: $1,8682013Assets 2014: $44,892Net Assets 2014: $44,8922014Assets 2015: $59,117Net Assets 2015: $59,1172015Assets 2017: $49,761Net Assets 2017: $49,7612017Assets 2018: $133,852Liabilities 2018: $0Net Assets 2018: $133,8522018Assets 2019: $73,442Net Assets 2019: $73,4422019Assets 2020: $56,289Net Assets 2020: $56,2892020Assets 2021: $61,755Net Assets 2021: $61,7552021Assets 2022: $74,504Net Assets 2022: $74,5042022Assets 2023: $111,957Net Assets 2023: $111,9572023Assets 2024: $117,344Net Assets 2024: $117,3442024

Highlighted filing

2015

Assets$59,117
Liabilities-
Net Assets$59,117
Open 2015 Filing

Operations Trend

Revenue Growth17th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2011: $4,000Expenses 2011: $8,447Net Income 2011: -$4,4472011Revenue 2012: $51,110Expenses 2012: $73,897Net Income 2012: -$22,7872012Revenue 2013: $60,268Expenses 2013: $60,077Net Income 2013: $1912013Revenue 2014: $74,588Expenses 2014: $31,564Net Income 2014: $43,0242014Revenue 2015: $42,075Expenses 2015: $27,851Net Income 2015: $14,2242015Revenue 2017: $70,800Expenses 2017: $47,078Net Income 2017: $23,7222017Revenue 2018: $348,941Expenses 2018: $264,850Net Income 2018: $84,0912018Revenue 2019: $133,412Expenses 2019: $193,822Net Income 2019: -$60,4102019Revenue 2020: $70,981Expenses 2020: $88,133Net Income 2020: -$17,1522020Revenue 2021: $39,930Expenses 2021: $34,465Net Income 2021: $5,4652021Revenue 2022: $54,573Expenses 2022: $41,823Net Income 2022: $12,7502022Revenue 2023: $61,550Expenses 2023: $24,097Net Income 2023: $37,4532023Revenue 2024: $96,750Expenses 2024: $91,363Net Income 2024: $5,3872024

Highlighted filing

2015

Revenue$42,075
Expenses$27,851
Net Income$14,224
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 3, 2015
Return Version
2014v5.0
Gross Receipts
$42,075
Mission and Program Overview

Mission

Promoting the adoption of korean language as an official foreign language in the public schools and educational advancement of korean culture and language for the students in nation wide.

Program Services

DescriptionGrantsExpenses
TEACHER TRAING EXPENSE: TO GET THE KOREAN LANGUAGE TEACHER LICENSES FROM THE COLLEGE COURSE AS REQUESTED BY THE STATE REGULATIONS.-$11,194
KOREAN SPEECH CONTEST: ANNUAL KOREAN SPEECH AND QUIZ CONTEST TO ENCOURAGE STUDENTS TO LEARN MORE ABOUT KOREAN LANGUAGE.-$3,800
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
YUNG DUK KIMPresident-$0--
SUN GUN LEESecretary-$0--
Filing and Contact Details

Filer

Filer Name
Korean Language Association Inc
EIN
26-1446135
Address
38 WEST 32ND ST SUITE 1112, NEW YORK, NY 10001

Signing Officer

Name
Sun Gun Lee
Title
Secretary
Signed
2015-11-03
Discuss with paid preparer
Yes

Preparer

Firm
Hana Cpas Llp
Address
173 ESSEX AVE STE 201, METUCHEN, NJ 08840
Preparer
Tae Ok Park
Phone
7326038877
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses advertising 1,200 office expense 179 donation 1,000 conferences and meetings 10,112 teacher traing expense 11,194 korean speech contest 3,800 total 27,485”

Form 990-ez, Part II, Line 24

“Other loans receivable 179 0 total 179 0”

Form 990-ez, Part II, Line 26

“BORROWINGS 0 0”

Form 990-ez, Part III

“Promoting the adoption of korean language as an official foreign language in the public schools and educational advancement of korean culture and language for the students in nation wide.”

Raw XML Appendix126 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0SUN GUN LEE
IRS990EZ/BooksInCareOfDetail/PhoneNum02125635763
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt05900 ARLINGTON AVENUE 16J
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BRONX
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd010471
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt044714
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt059117
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt042075
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt014224
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt044893
IRS990EZ/Form990TotalAssetsGrp/EOYAmt059117
IRS990EZ/GrossReceiptsAmt042075
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt044893
IRS990EZ/NetAssetsOrFundBalancesEOYAmt059117
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt044893
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt059117
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0YUNG DUK KIM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1SUN GUN LEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0179
IRS990EZ/OtherExpensesTotalAmt027485
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0PROMOTING THE ADOPTION OF KOREAN LANGUAGE AS AN OFFICIAL FOREIGN LANGUAGE IN THE PUBLIC SCHOOLS AND EDUCATIONAL ADVANCEMENT OF KOREAN CULTURE AND LANGUAGE FOR THE STUDENTS IN NATION WIDE.
IRS990EZ/PrintingPublicationsPostageAmt0366
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TEACHER TRAING EXPENSE: TO GET THE KOREAN LANGUAGE TEACHER LICENSES FROM THE COLLEGE COURSE AS REQUESTED BY THE STATE REGULATIONS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1KOREAN SPEECH CONTEST: ANNUAL KOREAN SPEECH AND QUIZ CONTEST TO ENCOURAGE STUDENTS TO LEARN MORE ABOUT KOREAN LANGUAGE.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt011194
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt13800
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt027851
IRS990EZ/TotalProgramServiceExpensesAmt014994
IRS990EZ/TotalRevenueAmt042075
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt042075
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt074588
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt060268
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt051110
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt04000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0232041
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0232041
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt042075
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt074588
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt060268
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt051110
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt04000
IRS990ScheduleA/Total509Grp/TotalAmt0232041
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt042075
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt074588
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt060268
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt051110
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt04000
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0232041
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 1,200 OFFICE EXPENSE 179 DONATION 1,000 CONFERENCES AND MEETINGS 10,112 TEACHER TRAING EXPENSE 11,194 KOREAN SPEECH CONTEST 3,800 TOTAL 27,485
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OTHER LOANS RECEIVABLE 179 0 TOTAL 179 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BORROWINGS 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROMOTING THE ADOPTION OF KOREAN LANGUAGE AS AN OFFICIAL FOREIGN LANGUAGE IN THE PUBLIC SCHOOLS AND EDUCATIONAL ADVANCEMENT OF KOREAN CULTURE AND LANGUAGE FOR THE STUDENTS IN NATION WIDE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SUN GUN LEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KOREAN LANGUAGE ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0KORE
ReturnHeader/Filer/EIN0261446135
ReturnHeader/Filer/USAddress/AddressLine1Txt038 WEST 32ND ST SUITE 1112
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010001
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271583462
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HANA CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0173 ESSEX AVE STE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0METUCHEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008840
ReturnHeader/PreparerPersonGrp/PhoneNum07326038877
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TAE OK PARK
ReturnHeader/ReturnTs02015-11-16T13:53:45-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$59,117
Liabilities
-
Net assets
$59,117
Revenue
$42,075
Expenses
$27,851
Net income
$14,224
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.17$1.17$0.97$0.91$0.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.12$1.12$0.62$0.24$0.37
2022Detailed filing. Detailed filing data is available for this year.$0.75$0.75$0.55$0.42$0.13
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.62$0.62$0.40$0.34$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.56$0.56$0.71$0.88$0.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.73$0.73$1.33$1.94$0.60
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.34$0.00$1.34$3.49$2.65$0.84
2017Detailed filing. Detailed filing data is available for this year.$0.50$0.50$0.71$0.47$0.24
2015Detailed filing. Detailed filing data is available for this year.$0.59$0.59$0.42$0.28$0.14
2014Detailed filing. Detailed filing data is available for this year.$0.45$0.45$0.75$0.32$0.43
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.08$0.06$0.02$0.60$0.60$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.08$0.06$0.02$0.51$0.74$0.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.06$0.24$0.04$0.08$0.04