Civic Intelligence

Korean Language Foundation Inc.

990EZ • Fiscal year 2020 • EIN 26-1446135

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 13, 2020

5900 Arlington Ave 16JNew York, NY 10471

(347) 229-3723

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 2020

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2020

Net Margin

33rd percentile

-24%

Higher net margin than 33% of similar nonprofits.

2020 filings • NTEE B82 • <$500k nonprofits • Source year 2020

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.

2020 filings • NTEE B82 • <$500k nonprofits • Source year 2020

Asset Growth

15th percentile

-23%

Faster asset growth than 15% of similar nonprofits.

2020 filings • NTEE B82 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

35th percentile

-47%

Faster revenue growth than 35% of similar nonprofits.

2020 filings • NTEE B82 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$56,289

Down $17,153 (-23%) from 2019

Net Assets

Down

$56,289

Down $17,153 (-23%) from 2019

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$70,981

Down $62,431 (-47%) from 2019

Expenses

Down

$88,133

Down $105,689 (-55%) from 2019

Net Income

Up

-$17,152

Up $43,258 (+72%) from 2019

Historical Trend

Balance Sheet Trend

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

2020

Assets$56,289
Liabilities-
Net Assets$56,289

Operations Trend

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

2020

Revenue$70,981
Expenses$88,133
Net Income-$17,152
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 13, 2020
Return Version
2019v5.0
Gross Receipts
$70,981
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 LICENSING PROGRAM: TO GET THE KOREAN LANGUAGE TEACHER LICENSES FROM THE COLLEGE COURSE AS REQUESTED BY THE STATE REGULATIONS.-$34,078
ADVERTISING EXPENSE FOR KOREAN TEACHER LICENSING PROGRAM TO THE PUBLIC OVER THE NEW YORK METROPOLITAN AREA. AP KOREAN COMMITTEE YEAR-END CONFERENCE. KOREAN CLASS CULTURAL ACTIVITY SPONSORSHIP TO HELP KOREAN LANGUAGE CLASS ACTIVITIES FOR STUDENTS TO LEARN AND EXPERIANCE KOREAN CULTURE. RESEARCH & DEVELOPMENT FOR NEW EFFECTIVE TEACHING METHODS, EDUCATIONAL MATERIALS.-$11,240
BROOKLYN PROJECT: TO SUPPORT KOREAN LANGUAGE CLASSES ACTIVITIES AT AMERICAN PUBLIC MIDDLE AND HIGH SCHOOLS OF BROOKLYN AREA IN NEW YORK CITY.-$9,905
KOREA VISIT PROGRAM: OFFERS OPPORTUNITIES TO VISIT KOREA FOR STUDENTS WHO ARE ENROLLED IN KOREAN LANGUAGE CLASSES IN PUBLIC MIDDLE AND HIGH SCHOOL TO GAIN AN UNDERSTANDING AND AN EXPERIENCE ABOUT ANCIENT AND MODERN KOREAN HISTORY, CULTURE, SOCIAL, ECONOMIC DEVELOPMENT OF THE KOREAN SOCIETY, AND KOREAN EDUCATION SYSTEM. PRINCIPALS IN PUBLIC MIDDLE AND HIGH SCHOOL ARE SUBJECTED TO BE SELECTED IF SCHOOLS ARE CURRENTLY HAVING KOREAN LANGUAGE CLASSES OR PLANNING TO HAVE ONE IN THE SCHOOL.-$9,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
YUNG DUK KIMChairman Of-$0--
MIKE HEESUK KIMVice Chairma-$0--
SUN GUN LEEPresident-$0--
JONG HOON LEEVice Preside-$0--
Filing and Contact Details

Filer

Filer Name
Korean Language Foundation Inc
EIN
26-1446135
Address
5900 ARLINGTON AVE 16J, NEW YORK, NY 10471

Signing Officer

Name
Sun Gun Lee
Title
President
Signed
2020-10-13
Discuss with paid preparer
Yes

Preparer

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

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising 5,350 supply 244 teaching material 500 bank charge 73 promotion & fund raising even 572 web service 600 conferences and meetings 3,181 promotion & fund raising even 207 ap korean committee 1,500 teachers lecture payment 9,405 teacher licensing expense 34,078 korea visit program 9,500 k class cultural activity 600 han geul nal program 441 research & development 8,699 promotion & fund raising 1,800 total 76,750

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 29

Korea visit program: offers opportunities to visit korea for students who are enrolled in korean language classes in public middle and high school to gain an understanding and an experience about ancient and modern korean history, culture, social, economic development of the korean society, and korean education system. Principals in public middle and high school are subjected to be selected if schools are currently having korean language classes or planning to have one in the school.

Form 990-ez, Part III, Line 31

Advertising expense for korean teacher licensing program to the public over the new york metropolitan area. Ap korean committee year-end conference. Korean class cultural activity sponsorship to help korean language class activities for students to learn and experiance korean culture. Research & development for new effective teaching methods, educational materials.

Raw XML Appendix145 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.

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IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0YUNG DUK KIM
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2SUN GUN LEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JONG HOON LEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIRMAN OF
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE CHAIRMA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3VICE PRESIDE
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt076750
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/PrintingPublicationsPostageAmt03383
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TEACHER LICENSING PROGRAM: TO GET THE KOREAN LANGUAGE TEACHER LICENSES FROM THE COLLEGE COURSE AS REQUESTED BY THE STATE REGULATIONS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1KOREA VISIT PROGRAM: OFFERS OPPORTUNITIES TO VISIT KOREA FOR STUDENTS WHO ARE ENROLLED IN KOREAN LANGUAGE CLASSES IN PUBLIC MIDDLE AND HIGH SCHOOL TO GAIN AN UNDERSTANDING AND AN EXPERIENCE ABOUT ANCIENT AND MODERN KOREAN HISTORY, CULTURE, SOCIAL, ECONOMIC DEVELOPMENT OF THE KOREAN SOCIETY, AND KOREAN EDUCATION SYSTEM. PRINCIPALS IN PUBLIC MIDDLE AND HIGH SCHOOL ARE SUBJECTED TO BE SELECTED IF SCHOOLS ARE CURRENTLY HAVING KOREAN LANGUAGE CLASSES OR PLANNING TO HAVE ONE IN THE SCHOOL.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2BROOKLYN PROJECT: TO SUPPORT KOREAN LANGUAGE CLASSES ACTIVITIES AT AMERICAN PUBLIC MIDDLE AND HIGH SCHOOLS OF BROOKLYN AREA IN NEW YORK CITY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt3ADVERTISING EXPENSE FOR KOREAN TEACHER LICENSING PROGRAM TO THE PUBLIC OVER THE NEW YORK METROPOLITAN AREA. AP KOREAN COMMITTEE YEAR-END CONFERENCE. KOREAN CLASS CULTURAL ACTIVITY SPONSORSHIP TO HELP KOREAN LANGUAGE CLASS ACTIVITIES FOR STUDENTS TO LEARN AND EXPERIANCE KOREAN CULTURE. RESEARCH & DEVELOPMENT FOR NEW EFFECTIVE TEACHING METHODS, EDUCATIONAL MATERIALS.
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt070981
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt070800
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt013170
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 5,350 SUPPLY 244 TEACHING MATERIAL 500 BANK CHARGE 73 PROMOTION & FUND RAISING EVEN 572 WEB SERVICE 600 CONFERENCES AND MEETINGS 3,181 PROMOTION & FUND RAISING EVEN 207 AP KOREAN COMMITTEE 1,500 TEACHERS LECTURE PAYMENT 9,405 TEACHER LICENSING EXPENSE 34,078 KOREA VISIT PROGRAM 9,500 K CLASS CULTURAL ACTIVITY 600 HAN GEUL NAL PROGRAM 441 RESEARCH & DEVELOPMENT 8,699 PROMOTION & FUND RAISING 1,800 TOTAL 76,750
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PROMOTING 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/ExplanationTxt2KOREA VISIT PROGRAM: OFFERS OPPORTUNITIES TO VISIT KOREA FOR STUDENTS WHO ARE ENROLLED IN KOREAN LANGUAGE CLASSES IN PUBLIC MIDDLE AND HIGH SCHOOL TO GAIN AN UNDERSTANDING AND AN EXPERIENCE ABOUT ANCIENT AND MODERN KOREAN HISTORY, CULTURE, SOCIAL, ECONOMIC DEVELOPMENT OF THE KOREAN SOCIETY, AND KOREAN EDUCATION SYSTEM. PRINCIPALS IN PUBLIC MIDDLE AND HIGH SCHOOL ARE SUBJECTED TO BE SELECTED IF SCHOOLS ARE CURRENTLY HAVING KOREAN LANGUAGE CLASSES OR PLANNING TO HAVE ONE IN THE SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ADVERTISING EXPENSE FOR KOREAN TEACHER LICENSING PROGRAM TO THE PUBLIC OVER THE NEW YORK METROPOLITAN AREA. AP KOREAN COMMITTEE YEAR-END CONFERENCE. KOREAN CLASS CULTURAL ACTIVITY SPONSORSHIP TO HELP KOREAN LANGUAGE CLASS ACTIVITIES FOR STUDENTS TO LEARN AND EXPERIANCE KOREAN CULTURE. RESEARCH & DEVELOPMENT FOR NEW EFFECTIVE TEACHING METHODS, EDUCATIONAL MATERIALS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III, LINE 29
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS02021-04-22 16:20:28Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-10-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KOREAN LANGUAGE FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0KORE
ReturnHeader/Filer/EIN0261446135
ReturnHeader/Filer/USAddress/AddressLine1Txt05900 ARLINGTON AVE 16J
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271583462
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0173 ESSEX AVE STE 201
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008840
ReturnHeader/PreparerPersonGrp/PhoneNum07326038877
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TAE OK PARK CPA
ReturnHeader/ReturnTs02020-11-16T08:45:17-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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