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
16th percentile
Higher net margin than 16% of similar nonprofits.
Top Officer Pay
93rd percentile
Higher top officer pay than 93% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
5th percentile
Faster asset growth than 5% of similar nonprofits.
Revenue Growth
10th percentile
Faster revenue growth than 10% of similar nonprofits.
Balance Sheet
Assets
Down$73,442
Down $60,410 (-45%) from 2018
Net Assets
Down$73,442
Down $60,410 (-45%) from 2018
Liabilities
-
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
Down$133,412
Down $215,529 (-62%) from 2018
Expenses
Down$193,822
Down $71,028 (-27%) from 2018
Net Income
Down-$60,410
Down $144,501 (-172%) from 2018
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2018 to Jun 30, 2019
- Signed
- Apr 27, 2019
- Return Version
- 2018v3.2
- Gross Receipts
- $133,412
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 |
|---|---|---|
| BROOKLYN PROJECT: TO SUPPORT KOREAN LANGUAGE CLASSES ACTIVITIES AT AMERICAN PUBLIC MIDDLE AND HIGH SCHOOLS OF BROOKLYN AREA IN NEW YORK CITY. | - | $98,372 |
| TEACHER LICENSING PROGRAM: TO GET THE KOREAN LANGUAGE TEACHER LICENSES FROM THE COLLEGE COURSE AS REQUESTED BY THE STATE REGULATIONS. | - | $36,436 |
| 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. | - | $26,500 |
| ADVERTISING EXPENSE FOR KOREAN TEACHER LICENSING PROGRAM TO THE PUBLIC OVER THE NEW YORK METROPOLITAN AREA. AP KOREAN COMMITTEE ESTABLISHED AND STARTED ACTIVITIES THROUGH OUT THE NATIOALWIDE. | - | $15,213 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| YUNG DUK KIM | Chairman Of | - | $0 | - | - |
| MIKE HEESUK KIM | Vice Chairma | - | $0 | - | - |
| 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
- 5900 ARLINGTON AVE 16J, NEW YORK, NY 10471
Signing Officer
- Name
- Sun Gun Lee
- Title
- President
- Signed
- 2019-04-27
- 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 5,150 office expense 236 supply 500 teaching material 21,792 web service 600 transportation 1,920 conferences and meetings 1,870 promotion & fund raising even 10,815 teachers lecture payment 74,660 teacher licensing expense 36,436 korea visit program 26,500 k class cultural activity 710 han geul nal program 1,042 research & development 9,835 ap korean committee 1,056 student award 700 total 193,822”
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 established and started activities through out the natioalwide.”
Raw XML Appendix149 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/ExcessOrDeficitForYearAmt | 0 | -60410 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
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| IRS990EZ/Form1120PolFiledInd | 0 | false |
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| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 73442 |
| IRS990EZ/GrossReceiptsAmt | 0 | 133412 |
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| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
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| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 133852 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 73442 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 133852 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 73442 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 2.00 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | YUNG DUK KIM |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | MIKE HEESUK KIM |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | SUN GUN LEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | JONG HOON LEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | CHAIRMAN OF |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE CHAIRMA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | VICE PRESIDE |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 193822 |
| 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/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 | 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. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 2 | BROOKLYN PROJECT: TO SUPPORT KOREAN LANGUAGE CLASSES ACTIVITIES AT AMERICAN PUBLIC MIDDLE AND HIGH SCHOOLS OF BROOKLYN AREA IN NEW YORK CITY. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 3 | ADVERTISING EXPENSE FOR KOREAN TEACHER LICENSING PROGRAM TO THE PUBLIC OVER THE NEW YORK METROPOLITAN AREA. AP KOREAN COMMITTEE ESTABLISHED AND STARTED ACTIVITIES THROUGH OUT THE NATIOALWIDE. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 36436 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 26500 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 2 | 98372 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 3 | 15213 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 193822 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 176521 |
| IRS990EZ/TotalRevenueAmt | 0 | 133412 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 133412 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 348941 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 70800 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 13170 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 42075 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 608398 |
| 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 | 608398 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 133412 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 348941 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 70800 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 13170 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 42075 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 608398 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 133412 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 348941 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 70800 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 13170 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 42075 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 608398 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES ADVERTISING 5,150 OFFICE EXPENSE 236 SUPPLY 500 TEACHING MATERIAL 21,792 WEB SERVICE 600 TRANSPORTATION 1,920 CONFERENCES AND MEETINGS 1,870 PROMOTION & FUND RAISING EVEN 10,815 TEACHERS LECTURE PAYMENT 74,660 TEACHER LICENSING EXPENSE 36,436 KOREA VISIT PROGRAM 26,500 K CLASS CULTURAL ACTIVITY 710 HAN GEUL NAL PROGRAM 1,042 RESEARCH & DEVELOPMENT 9,835 AP KOREAN COMMITTEE 1,056 STUDENT AWARD 700 TOTAL 193,822 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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 | 2 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ADVERTISING EXPENSE FOR KOREAN TEACHER LICENSING PROGRAM TO THE PUBLIC OVER THE NEW YORK METROPOLITAN AREA. AP KOREAN COMMITTEE ESTABLISHED AND STARTED ACTIVITIES THROUGH OUT THE NATIOALWIDE. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART III, LINE 29 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III, LINE 31 |
| ReturnHeader/BuildTS | 0 | 2021-01-29 14:40:06Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | SUN GUN LEE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2019-04-27 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | KOREAN LANGUAGE FOUNDATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | KORE |
| ReturnHeader/Filer/EIN | 0 | 261446135 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 5900 ARLINGTON AVE 16J |
| ReturnHeader/Filer/USAddress/CityNm | 0 | NEW YORK |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 10471 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | CCCC354FAE4DC6833995F1E7C402400762BBF293 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | DD6E55F89BBAA6345A8EA7EEA4DCA6B3EB23D8F6 |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 68.193.121.81 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2020-05-14 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | CD |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 15:40:56 |
| 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 | 2020-05-14 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | TAE OK PARK CPA |
| ReturnHeader/ReturnTs | 0 | 2020-05-14T15:40:56-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2018-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2019-06-30 |
| ReturnHeader/TaxYr | 0 | 2018 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $73,442
- Liabilities
- -
- Net assets
- $73,442
- Revenue
- $133,412
- Expenses
- $193,822
- Net income
- -$60,410