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
49th percentile
Higher net margin than 49% of similar nonprofits.
Top Officer Pay
95th percentile
Higher top officer pay than 95% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
61st percentile
Faster asset growth than 61% of similar nonprofits.
Revenue Growth
23rd percentile
Faster revenue growth than 23% of similar nonprofits.
Balance Sheet
Assets
Up$61,755
Up $5,466 (+9.7%) from 2020
Net Assets
Up$61,755
Up $5,466 (+9.7%) from 2020
Liabilities
-
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
Down$39,930
Down $31,051 (-44%) from 2020
Expenses
Down$34,465
Down $53,668 (-61%) from 2020
Net Income
Up$5,465
Up $22,617 (+132%) from 2020
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2020 to Jun 30, 2021
- Signed
- Oct 27, 2021
- Return Version
- 2020v4.0
- Gross Receipts
- $39,930
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. | - | $12,501 |
| RESEARCH & DEVELOPMENT: TO RESEARCH AND STUDY KOREAN GRAMMAR AND DEVELOP AND NEW TEACHING TECHNIQUE FOR THE KOREAN LANGUAGE TEACHERS. | - | $9,203 |
| KOREAN ALPHABET DAY: TO CELEBRATE KOREAN ALPHABET DAY (HAN GEUL NAL) | - | $100 |
| ADVERTISING EXPENSE FOR KOREAN TEACHER LICENSING PROGRAM TO THE PUBLIC OVER THE NEW YORK METROPOLITAN AREA. | - | - |
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
- 2021-10-27
- 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 3,450 supply 306 promotion & fund raising even 840 office expense 50 supply 13 donation 500 web service 1,200 conferences and meetings 1,699 promotion & fund raising even 776 teacher licensing expense 12,501 research & development 460 promotion & fund raising 1,300 total 23,095”
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 to the public over the new york metropolitan area.”
Raw XML Appendix148 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 |
|---|---|---|
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 0 | YUNG DUK KIM |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 1 | MIKE HEESUK KIM |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 2 | SUN GUN LEE |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 3 | JONG HOON LEE |
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | SUN GUN LEE |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 3472293723 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 5900 ARLINGTON AVENUE 16J |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | RIVERDALE |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 10471 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 56290 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 61755 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 39930 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 5465 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 10580 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 56290 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 61755 |
| IRS990EZ/GrossReceiptsAmt | 0 | 39930 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 56290 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 61755 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 56290 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 61755 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 200 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| 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 | 23095 |
| 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 | 590 |
| 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 | RESEARCH & DEVELOPMENT: TO RESEARCH AND STUDY KOREAN GRAMMAR AND DEVELOP AND NEW TEACHING TECHNIQUE FOR THE KOREAN LANGUAGE TEACHERS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 2 | KOREAN ALPHABET DAY: TO CELEBRATE KOREAN ALPHABET DAY (HAN GEUL NAL) |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 3 | ADVERTISING EXPENSE FOR KOREAN TEACHER LICENSING PROGRAM TO THE PUBLIC OVER THE NEW YORK METROPOLITAN AREA. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 12501 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 9203 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 2 | 100 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 34465 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 21804 |
| IRS990EZ/TotalRevenueAmt | 0 | 39930 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 39930 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 70981 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 133412 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 348941 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 70800 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 664064 |
| 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 | 664064 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 39930 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 70981 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 133412 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 348941 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 70800 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 664064 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 39930 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 70981 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 133412 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 348941 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 70800 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 664064 |
| 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 3,450 SUPPLY 306 PROMOTION & FUND RAISING EVEN 840 OFFICE EXPENSE 50 SUPPLY 13 DONATION 500 WEB SERVICE 1,200 CONFERENCES AND MEETINGS 1,699 PROMOTION & FUND RAISING EVEN 776 TEACHER LICENSING EXPENSE 12,501 RESEARCH & DEVELOPMENT 460 PROMOTION & FUND RAISING 1,300 TOTAL 23,095 |
| 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 | ADVERTISING EXPENSE FOR KOREAN TEACHER LICENSING PROGRAM TO THE PUBLIC OVER THE NEW YORK METROPOLITAN AREA. |
| 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 31 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | SUN GUN LEE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2021-10-27 |
| 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/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 | 2021-11-12 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | TAE OK PARK CPA |
| ReturnHeader/ReturnTs | 0 | 2021-11-15T11:01:36-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | SUN GUN |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | LEE |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2020-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-06-30 |
| ReturnHeader/TaxYr | 0 | 2020 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $61,755
- Liabilities
- -
- Net assets
- $61,755
- Revenue
- $39,930
- Expenses
- $34,465
- Net income
- $5,465