Civic Intelligence

Chicago Korean Dance Company Nfp

EIN 47-3051009 • 501(c)3 • Rolling Meadows, IL

Pub. 78 Eligible

Profile

To develop korean cultural heritage through various traditional dance performances with the fruition of connecting and uniting with other cultures in the age of globalism.

1865 Polk AveRolling Meadows, IL 60008

www.chicagokoreandance.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

61st percentile

8.1%

Higher net margin than 61% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

70th percentile

12%

Faster asset growth than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

32nd percentile

-19%

Faster revenue growth than 32% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$163,673

Up $17,779 (+12%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$163,673

Up $17,779 (+12%) from 2023

Operations
Liabilities / Revenue61st percentileNet Margin61st percentile

Revenue

Down

$218,856

Down $51,534 (-19%) from 2023

Expenses

Down

$201,077

Down $30,045 (-13%) from 2023

Net Income

Down

$17,779

Down $21,489 (-55%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth70th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2015: $5,330Liabilities 2015: $02015Assets 2016: $9,419Liabilities 2016: $02016Assets 2017: $15,573Liabilities 2017: $02017Assets 2018: $21,232Liabilities 2018: $02018Assets 2019: $36,233Liabilities 2019: $02019Assets 2020: $32,391Net Assets 2020: $32,3912020Assets 2021: $61,856Net Assets 2021: $61,8562021Assets 2022: $106,626Liabilities 2022: $0Net Assets 2022: $106,6262022Assets 2023: $145,894Liabilities 2023: $0Net Assets 2023: $145,8942023Assets 2024: $163,673Liabilities 2024: $0Net Assets 2024: $163,6732024

Highlighted filing

2024

Assets$163,673
Liabilities$0
Net Assets$163,673
Open 2024 Filing

Operations Trend

Revenue Growth32nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2015: $45,309Expenses 2015: $39,979Net Income 2015: $5,3302015Revenue 2016: $72,500Expenses 2016: $68,411Net Income 2016: $4,0892016Revenue 2017: $87,832Expenses 2017: $81,678Net Income 2017: $6,1542017Revenue 2018: $105,788Expenses 2018: $100,129Net Income 2018: $5,6592018Revenue 2019: $180,534Expenses 2019: $165,533Net Income 2019: $15,0012019Revenue 2020: $69,534Expenses 2020: $73,376Net Income 2020: -$3,8422020Revenue 2021: $178,514Expenses 2021: $149,049Net Income 2021: $29,4652021Revenue 2022: $200,385Expenses 2022: $155,615Net Income 2022: $44,7702022Revenue 2023: $270,390Expenses 2023: $231,122Net Income 2023: $39,2682023Revenue 2024: $218,856Expenses 2024: $201,077Net Income 2024: $17,7792024

Highlighted filing

2024

Revenue$218,856
Expenses$201,077
Net Income$17,779
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$163,673
Liabilities
$0
Net assets
$163,673
Revenue
$218,856
Expenses
$201,077
Net income
$17,779
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.64$0.00$1.64$2.19$2.01$0.18
2023Detailed filing. Detailed filing data is available for this year.$1.46$0.00$1.46$2.70$2.31$0.39
2022Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$2.00$1.56$0.45
2021Detailed filing. Detailed filing data is available for this year.$0.62$0.62$1.79$1.49$0.29
2020Detailed filing. Detailed filing data is available for this year.$0.32$0.32$0.70$0.73$0.04
2019Summary only. Only limited summary data is available for this year.$0.36$0.00$1.81$1.66$0.15
2018Summary only. Only limited summary data is available for this year.$0.21$0.00$1.06$1.00$0.06
2017Summary only. Only limited summary data is available for this year.$0.16$0.00$0.88$0.82$0.06
2016Summary only. Only limited summary data is available for this year.$0.09$0.00$0.73$0.68$0.04
2015Summary only. Only limited summary data is available for this year.$0.05$0.00$0.45$0.40$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 5, 2025
Return Version
2024v5.1
Gross Receipts
$218,856
Mission and Program Overview

Mission

To develop korean cultural heritage through various traditional dance performances with the fruition of connecting and uniting with other cultures in the age of globalism.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$100,850$138,655▲ $37,805
Cash and Non-Interest-Bearing Accounts$45,044$25,018▼ $20,026
Total Assets$145,894$163,673▲ $17,779
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$145,894$163,673▲ $17,779
Total Net Assets Fund Balance$145,894$163,673▲ $17,779
Total Liabilities and Net Assets / Fund Balance$145,894$163,673▲ $17,779
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Ae-deok Lee ChoPresidentPT$30,000$30,000

Board Members and Trustees

NameTitle
Youngkee KimChair of Board
Christina KimDirector
Eunyoung HurDirector
Ian JoDirector
Injoo ParkDirector
Jane LeeDirector
Jieun HahnDirector
Jieun OhDirector
Jinhwa SuhDirector
John J KimDirector
Jung M KwonDirector
Junghee KangDirector
Jungja HurhDirector
Jungyoun KimDirector
Kwangja KooDirector
Kyung Nam KoDirector
Moon S LimDirector
Moonhee KangDirector
Moonhwa ParkDirector
Myungjoo KoDirector
Poongja L ChoDirector
Ransil ParkDirector
Soyoung SeoDirector
Sunghee JeonDirector
Sungju LeeDirector
Sungsoon KimDirector
Wanda KimDirector
Wonsook ChungDirector
Yong S WehrmeisterDirector
Youngsook HahnDirector
Youngsook KimDirector
Juyeun ChaeSecretary
Geesook BaikTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$43,600
Program Service Revenue
$175,256
Investment Income
$0
Other Revenue
$0
All Other Contributions
$25,100
Change in Net Assets
$17,779
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$166,682
Salaries, Compensation, and Employee Benefits$32,295
Grants and Similar Amounts Paid$2,100
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$64,158$0$0$64,158
Fees for Services Management$25,414$26,000$0$51,414
Occupancy$31,903$0$0$31,903
Current Officers, Directors, Trustees, and Key Employees$30,000$0$0$30,000
Travel$8,256$0$0$8,256
Advertising$5,805$0$0$5,805
Conferences and Meetings$3,346$0$0$3,346
Payroll Taxes$2,295$0$0$2,295
Grants to Domestic Orgs$2,100--$2,100
Fees for Services Accounting$0$1,800$0$1,800
Total Functional Expenses$173,277$27,800$0$201,077
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Chicago Korean Dance Company
EIN
47-3051009
Phone
6308035044
Address
1865 POLK AVE, ROLLING MEADOWS, IL 60008

Signing Officer

Name
Ae-deok Lee Cho
Title
President
Phone
6308035044
Signed
2025-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ae-deok Lee Cho
Formed
2014
Legal Domicile
Il
Voting Board Members
39
Independent Board Members
36
Employees
1
Volunteers
33

Preparer

Firm
Skcpa LLC
Address
6116 N LINCOLN AVE, CHICAGO, IL 60659
Preparer
Kyung Nam Ko CPA Msa
Phone
7734630700
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The organization provides annual financial reports & next year financial budget reports to all officers & directors for reveiw at the year end directors meeting.”

Form 990, Part IX, Line 24E

“Performance project 64158. 64158. 0. 0.”

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IRS990/ProgSrvcAccomActy2Grp/Desc0EDUCATIONAL SERVICE : TO TEACH AND PROMOTE KOREAN CULTURAL HERITAGE THROUGH TRADITIONAL KOREAN DANCE. TO NURTURE LEADERSHIP SKILLS AMONG YOUTH AND TO REACH OUT TO OTHER COMMUNITES FOR MUTUAL EDUCATION ABOUT EACH OTHERS TRADITIONAL CULTURAL AND PERFORMING DANCE.
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