Liabilities / Assets
60th percentile
Tied with the lowest-debt nonprofits in its peer group.
Korea-Us Cultural Exchange Foundation
EIN 47-1605045 • 501(c)3 • San Francisco, CA
Profile
Korea-US Cultural Exchange Foundation (dba KORUS Foundation) is established to promote the exchange of ideas, information, art and other aspects of culture between the two countries and their people in order to foster mutual understanding. In an increasingly globalized and interdependent world, the ability to understand and embrace the different values and needs of diverse cultures and societies becomes ever more important. It can strengthen relationships, enhance socio-cultural cooperation, and promote national interests between the two nations.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
62nd percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
49th percentile
Higher net margin than 49% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
98th percentile
Faster asset growth than 98% of similar nonprofits.
Revenue Growth
39th percentile
Faster revenue growth than 39% of similar nonprofits.
Balance Sheet
Assets
Up$225
Up $192 (+582%) from 2015
Liabilities
Flat$0
Flat from 2015
Net Assets
$225
No earlier filing loaded for comparison.
Revenue
Down$20,388
Down $3,058 (-13%) from 2015
Expenses
Down$20,196
Down $1,413 (-6.5%) from 2015
Net Income
Down$192
Down $1,645 (-90%) from 2015
Trend Graphs
Filings
Most recent year
2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $225
- Liabilities
- $0
- Net assets
- $225
- Revenue
- $20,388
- Expenses
- $20,196
- Net income
- $192
| Balance Sheet | Operations | |||||
|---|---|---|---|---|---|---|
| Year | Assets | Liabilities | Net Assets | Revenue | Expenses | Net Income |
| 2016Detailed filing. Detailed filing data is available for this year. | $0.23 | $0.00 | $0.23 | $20.4 | $20.2 | $0.19 |
| 2015Summary only. Only limited summary data is available for this year. | $0.03 | $0.00 | $23.4 | $21.6 | $1.84 | |
| 2014Summary only. Only limited summary data is available for this year. | $0.63 | $0.00 | $1.50 | $3.30 | $1.80 | |
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2016 to Dec 31, 2016
- Signed
- Nov 10, 2017
- Return Version
- 2016v3.0
- Gross Receipts
- $20,388
Mission and Program Overview
Mission
Korea-US Cultural Exchange Foundation (dba KORUS Foundation) is established to promote the exchange of ideas, information, art and other aspects of culture between the two countries and their people in order to foster mutual understanding. In an increasingly globalized and interdependent world, the ability to understand and embrace the different values and needs of diverse cultures and societies becomes ever more important. It can strengthen relationships, enhance socio-cultural cooperation, and promote national interests between the two nations.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Planned and hosted the Connect2Korea Holiday Celebration with a tofu recipe and cook-off contest in November, 2016. | $6,660 | $6,000 |
| Planned and hosted the 2016 SF Bay Area K-Pop Preliminary Competition in July, 2016. | $6,066 | $5,669 |
| Planned and hosted opening ceremony of the Korean section at a public library in November, 2016. | $2,031 | $2,000 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Christina Jang | President & CEO | PT | $0 | - | - |
| John Sawyer | Secretary | - | $0 | - | - |
| Scott Bartley | Treasurer | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Korea-US Cultural Exchange Foundation
- EIN
- 47-1605045
- Phone
- 7078882116
- Address
- 1770 Post Street, San Francisco, CA 94115
Signing Officer
- Name
- Christina Jang
- Title
- President & CEO
- Signed
- 2017-11-10
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Im & Associates Accountancy Corporation
- Address
- 1610 Post Street Suite 203, SAN FRANCISCO, CA 94115-3600
- Preparer
- Steve SY Im
- Phone
- 4152028532
Supplemental Narrative
Additional Explanations
Other Expenses.1001
“Advertising and Promotion $58”
Other Expenses.1002
“Office Expenses $2870”
Other Expenses.1003
“Information Technology $90”
Other Expenses.1005
“Travel $228”
Other Expenses.1012
“Insurance $433”
Other Expenses.1
“Books and Subscriptions $2020”
Other Expenses.2
“Supplies $1767”
Other Expenses.3
“Equipment Rental $1558”
Other Expenses.6
“Bank Service Fees $73”
Other Expenses.7
“Licenses and Permits $45”
Other Expenses.8
“State Filing Fee $10”
Raw XML Appendix152 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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|---|---|---|
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| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | San Francisco |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CA |
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| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 225 |
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| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 20388 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 192 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 5125 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form720FiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 33 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 225 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GrossReceiptsAmt | 0 | 20388 |
| IRS990EZ/GrossReceiptsForPublicUseAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/InitiationFeesAndCapContriAmt | 0 | 0 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 33 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 225 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 33 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 225 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 3068 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 20.00 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Christina Jang |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | John Sawyer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | Scott Bartley |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | President & CEO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Secretary |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Treasurer |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationFiled990TInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 9152 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Korea-US Cultural Exchange Foundation (dba KORUS Foundation) is established to promote the exchange of ideas, information, art and other aspects of culture between the two countries and their people in order to foster mutual understanding. In an increasingly globalized and interdependent world, the ability to understand and embrace the different values and needs of diverse cultures and societies becomes ever more important. It can strengthen relationships, enhance socio-cultural cooperation, and promote national interests between the two nations. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 1951 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Planned and hosted the 2016 SF Bay Area K-Pop Preliminary Competition in July, 2016. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | Planned and hosted the Connect2Korea Holiday Celebration with a tofu recipe and cook-off contest in November, 2016. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 2 | Planned and hosted opening ceremony of the Korean section at a public library in November, 2016. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 6066 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 1 | 6660 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 2 | 2031 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 5669 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 6000 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 2 | 2000 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/RelatedOrgSect527OrgInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 900 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 20196 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 14757 |
| IRS990EZ/TotalRevenueAmt | 0 | 20388 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | www.korusfoundation.org |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 20388 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 23446 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1500 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 45334 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 45334 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 0 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 20388 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 23446 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1500 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 45334 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 45334 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Advertising and Promotion $58 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Office Expenses $2870 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Information Technology $90 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Travel $228 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Insurance $433 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Books and Subscriptions $2020 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Supplies $1767 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Equipment Rental $1558 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | Bank Service Fees $73 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | Licenses and Permits $45 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | State Filing Fee $10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other Expenses.1001 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Other Expenses.1002 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other Expenses.1003 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Other Expenses.1005 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Other Expenses.1012 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Other Expenses.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Other Expenses.2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Other Expenses.3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Other Expenses.6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Other Expenses.7 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | Other Expenses.8 |
| ReturnHeader/BuildTS | 0 | 2017-02-10 21:41:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Christina Jang |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President & CEO |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2017-11-10 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Korea-US Cultural Exchange Foundation |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | KORE |
| ReturnHeader/Filer/EIN | 0 | 471605045 |
| ReturnHeader/Filer/PhoneNum | 0 | 7078882116 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1770 Post Street |
| ReturnHeader/Filer/USAddress/CityNm | 0 | San Francisco |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 94115 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | IM & ASSOCIATES ACCOUNTANCY CORPORATION |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1610 Post Street Suite 203 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | SAN FRANCISCO |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 941153600 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 4152028532 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Steve SY Im |
| ReturnHeader/ReturnTs | 0 | 2017-11-10T13:23:31-08:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2016-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2016-12-31 |
| ReturnHeader/TaxYr | 0 | 2016 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.