Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on this filing.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
71st percentile
Higher net margin than 71% of similar nonprofits.
Top Officer Pay
94th percentile
Higher top officer pay than 94% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
22nd percentile
Faster asset growth than 22% of similar nonprofits.
Revenue Growth
71st percentile
Faster revenue growth than 71% of similar nonprofits.
Balance Sheet
Assets
Down$49,761
Down $9,356 (-16%) from 2015
Net Assets
Down$49,761
Down $9,356 (-16%) from 2015
Liabilities
-
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
Up$70,800
Up $28,725 (+68%) from 2015
Expenses
Up$47,078
Up $19,227 (+69%) from 2015
Net Income
Up$23,722
Up $9,498 (+67%) from 2015
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2016 to Jun 30, 2017
- Signed
- Aug 25, 2017
- Return Version
- 2016v3.0
- Gross Receipts
- $70,800
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
| Description | Grants | Expenses |
|---|---|---|
| TEACHER LICENSING PROGRAM: TO GET THE KOREAN LANGUAGE TEACHER LICENSES FROM THE COLLEGE COURSE AS REQUESTED BY THE STATE REGULATIONS. | - | $22,000 |
| ADVERTISING EXPENSE FOR KOREAN TEACHER LICENSING PROGRAM | - | $1,600 |
| KOREAN CLASS CULTURAL ACTIVITY SPONSORSHIP: TO HELP KOREAN LANGUAGE CLASS CULTURAL ACTIVITES FOR STUDENTS TO LEARN AND EXPERIENCE KOREAN CULTURE. | - | $500 |
| KOREAN LANGUAGE FORUM: TO RESEARCH TEACHERS' KNOWNEDGE AND DEVELOP NEW EFFECTIVE TEACHING METHODS. | - | $264 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| SUN GUN LEE | President | - | $0 | - | - |
| JONG HOON LEE | Vice Preside | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Korean Language Foundation Inc
- EIN
- 26-1446135
- Address
- 38 WEST 32ND ST SUITE 1112, NEW YORK, NY 10001
Signing Officer
- Name
- Sun Gun Lee
- Title
- President
- Signed
- 2017-08-25
- 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 6,570 office expense 360 web master 1,000 conferences and meetings 14,848 teacher licensing expense 22,000 korean language forum 264 k class cultural activity 500 total 45,542”
Form 990-ez, Part I, Line 20
“Prior year adjustment-office expense -543”
Form 990-ez, Part II, Line 26
“Credit card payable 5,625 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.”
Form 990-ez, Part III, Line 31
“Advertising expense for korean teacher licensing program”
Raw XML Appendix135 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/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | SUN GUN LEE |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 2125635763 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 5900 ARLINGTON AVENUE 16J |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | BRONX |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 10471 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 32207 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 49761 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 70800 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 23722 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 32207 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 49761 |
| IRS990EZ/GrossReceiptsAmt | 0 | 70800 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 26582 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 49761 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 26582 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 49761 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | SUN GUN LEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | JONG HOON LEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE PRESIDE |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -543 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 45542 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | 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. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 1536 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | TEACHER LICENSING PROGRAM: TO GET THE KOREAN LANGUAGE TEACHER LICENSES FROM THE COLLEGE COURSE AS REQUESTED BY THE STATE REGULATIONS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | KOREAN LANGUAGE FORUM: TO RESEARCH TEACHERS' KNOWNEDGE AND DEVELOP NEW EFFECTIVE TEACHING METHODS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 2 | KOREAN CLASS CULTURAL ACTIVITY SPONSORSHIP: TO HELP KOREAN LANGUAGE CLASS CULTURAL ACTIVITES FOR STUDENTS TO LEARN AND EXPERIENCE KOREAN CULTURE. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 3 | ADVERTISING EXPENSE FOR KOREAN TEACHER LICENSING PROGRAM |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 22000 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 264 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 2 | 500 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 3 | 1600 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 5625 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 47078 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 24364 |
| IRS990EZ/TotalRevenueAmt | 0 | 70800 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 70800 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 13170 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 42075 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 74588 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 60268 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 260901 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 260901 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 70800 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 13170 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 42075 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 74588 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 60268 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 260901 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 70800 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 13170 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 42075 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 74588 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 60268 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 260901 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES ADVERTISING 6,570 OFFICE EXPENSE 360 WEB MASTER 1,000 CONFERENCES AND MEETINGS 14,848 TEACHER LICENSING EXPENSE 22,000 KOREAN LANGUAGE FORUM 264 K CLASS CULTURAL ACTIVITY 500 TOTAL 45,542 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | PRIOR YEAR ADJUSTMENT-OFFICE EXPENSE -543 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | CREDIT CARD PAYABLE 5,625 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | ADVERTISING EXPENSE FOR KOREAN TEACHER LICENSING PROGRAM |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III, LINE 31 |
| ReturnHeader/BuildTS | 0 | 2017-02-10 21:41:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | SUN GUN LEE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2017-08-25 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | KOREAN LANGUAGE FOUNDATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | KORE |
| ReturnHeader/Filer/EIN | 0 | 261446135 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 38 WEST 32ND ST SUITE 1112 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | NEW YORK |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 10001 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | D61F67159A3B18DA46A7D670F71AF09A74DEFA34 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | D61F67159A3B18DA46A7D670F71AF09A74DEFA34 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 271583462 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | HANA CPAS LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 173 ESSEX AVE STE 201 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | METUCHEN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NJ |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 08840 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7326038877 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2017-09-21 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | TAE OK PARK |
| ReturnHeader/ReturnTs | 0 | 2017-10-13T17:59:31-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2016-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2017-06-30 |
| ReturnHeader/TaxYr | 0 | 2016 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $49,761
- Liabilities
- -
- Net assets
- $49,761
- Revenue
- $70,800
- Expenses
- $47,078
- Net income
- $23,722