Civic Intelligence

Triangle Korean School Inc.

990EZ • Fiscal year 2016 • EIN 71-0956244

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 03, 2016

Organization Profilewww.rtptks.org
PO Box 30184Raleigh, NC 27622

(919) 866-2463

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

64th percentile

0.00x

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

2016 filings • NTEE A23 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

63rd percentile

0.00x

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

2016 filings • NTEE A23 • <$500k nonprofits • Source year 2016

Net Margin

27th percentile

-6.3%

Higher net margin than 27% of similar nonprofits.

2016 filings • NTEE A23 • <$500k nonprofits • Source year 2016

Top Officer Pay

87th percentile

$0

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • NTEE A23 • <$500k nonprofits • Source year 2016

Asset Growth

36th percentile

-3.6%

Faster asset growth than 36% of similar nonprofits.

2016 filings • NTEE A23 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

22nd percentile

-30%

Faster revenue growth than 22% of similar nonprofits.

2016 filings • NTEE A23 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets64th percentile

Assets

Down

$69,836

Down $2,586 (-3.6%) from 2015

Net Assets

Down

$69,836

Down $2,586 (-3.6%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin27th percentile

Revenue

Down

$41,227

Down $17,601 (-30%) from 2015

Expenses

Down

$43,813

Down $414 (-0.9%) from 2015

Net Income

Down

-$2,586

Down $17,187 (-118%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80K$60K$40K$20K$0Assets 2012: $30,899Net Assets 2012: $30,8992012Assets 2014: $34,344Liabilities 2014: $0Net Assets 2014: $34,3442014Assets 2015: $72,422Liabilities 2015: $0Net Assets 2015: $72,4222015Assets 2016: $69,836Liabilities 2016: $0Net Assets 2016: $69,8362016

Highlighted filing

2016

Assets$69,836
Liabilities$0
Net Assets$69,836
Open 2016 Filing

Operations Trend

Revenue Growth22nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60K$40K$20K$0-$20KRevenue 2012: $55,432Expenses 2012: $52,588Net Income 2012: $2,8442012Revenue 2014: $52,559Expenses 2014: $32,015Net Income 2014: $20,5442014Revenue 2015: $58,828Expenses 2015: $44,227Net Income 2015: $14,6012015Revenue 2016: $41,227Expenses 2016: $43,813Net Income 2016: -$2,5862016

Highlighted filing

2016

Revenue$41,227
Expenses$43,813
Net Income-$2,586
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 3, 2016
Return Version
2015v2.1
Gross Receipts
$41,227
Mission and Program Overview

Mission

Teaching Korean Language, Culture and History

Program Services

DescriptionGrantsExpenses
The school is to provide educational opportunities to Korean-American children and any interested individuals to learn about Korean language, culture and history.-$18,964
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mi Kyung ParkPrincipalPT$0--
Filing and Contact Details

Filer

Filer Name
The Triangle Korean School Inc
EIN
71-0956244
Phone
9198662463
Address
PO Box 30184, Raleigh, NC 27622

Signing Officer

Name
Mi Kyung Park
Title
Principal
Signed
2016-11-03
Discuss with paid preparer
Yes

Preparer

Firm
Si Young Park CPA PLLC
Address
7320 Six Forks Rd Suite 201, Raleigh, NC 27615
Preparer
Si Young Park
Phone
9198707444
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8, Other Revenue

“Bank Interest 7”

Form 990-EZ, Part I, Line 16, Other Expenses

“Travel 1,634”

Form 990-EZ, Part I, Line 16, Other Expenses

“Meals and entertainment 1,795”

Form 990-EZ, Part I, Line 16, Other Expenses

“Conferences, conventions, and meetings 2,073”

Form 990-EZ, Part I, Line 16, Other Expenses

“Supplies 4,176”

Form 990-EZ, Part I, Line 16, Other Expenses

“Telephone 440”

Form 990-EZ, Part I, Line 16, Other Expenses

“Insurance 466”

Form 990-EZ, Part I, Line 16, Other Expenses

“Advertisement 1,230”

Form 990-EZ, Part I, Line 16, Other Expenses

“License Fee 699”

Form 990-EZ, Part I, Line 16, Other Expenses

“PTA Activity 800”

Form 990-EZ, Part I, Line 16, Other Expenses

“Website Maintenance 2,000”

Form 990-EZ, Part I, Line 16, Other Expenses

“Misc 300”

Form 990-EZ, Part I, Line 16, Other Expenses

“Bank Fee 180”

Form 990-EZ, Part I, Line 16, Other Expenses

“Repair Maintenance 60”

Form 990-EZ, Part I, Line 16, Other Expenses

“Bank Fee Savings Acct 180”

Raw XML Appendix151 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Si Young Park
IRS990EZ/BooksInCareOfDetail/PhoneNum09198707444
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt07320 Six Forks Rd Suite 201
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Raleigh
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd027615
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt072422
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt069836
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt024614
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-2586
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt019906
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt072422
IRS990EZ/Form990TotalAssetsGrp/EOYAmt069836
IRS990EZ/GrossReceiptsAmt041227
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt072422
IRS990EZ/NetAssetsOrFundBalancesEOYAmt069836
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt072422
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt069836
IRS990EZ/OccupancyRentUtltsAndMaintAmt06500
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0005.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Mi Kyung Park
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Principal
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt016033
IRS990EZ/OtherRevenueTotalAmt07
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Teaching Korean Language, Culture and History
IRS990EZ/PrintingPublicationsPostageAmt01374
IRS990EZ/ProgramServiceRevenueAmt016606
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The school is to provide educational opportunities to Korean-American children and any interested individuals to learn about Korean language, culture and history.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt018964
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0true
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TotalExpensesAmt043813
IRS990EZ/TotalProgramServiceExpensesAmt018964
IRS990EZ/TotalRevenueAmt041227
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.rtptks.org
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0false
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0TKS receive 7,500 Grant from NC Arts Grant Falk Arts and receive 11,464 from Korean Embassy
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 6a
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Bank Interest 7
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Travel 1,634
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Meals and entertainment 1,795
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Conferences, conventions, and meetings 2,073
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Supplies 4,176
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Telephone 440
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Insurance 466
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Advertisement 1,230
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8License Fee 699
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9PTA Activity 800
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Website Maintenance 2,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Misc 300
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Bank Fee 180
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Repair Maintenance 60
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Bank Fee Savings Acct 180
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 8, Other Revenue
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990-EZ, Part I, Line 16, Other Expenses
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Mi Kyung Park
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Principal
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Triangle Korean School Inc
ReturnHeader/Filer/BusinessNameControlTxt0TRIA
ReturnHeader/Filer/EIN0710956244
ReturnHeader/Filer/PhoneNum09198662463
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 30184
ReturnHeader/Filer/USAddress/CityNm0Raleigh
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027622
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Si Young Park CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07320 Six Forks Rd Suite 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Raleigh
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027615
ReturnHeader/PreparerPersonGrp/PhoneNum09198707444
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Si Young Park
ReturnHeader/ReturnTs02016-11-03T11:45:34-00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$69,836
Liabilities
$0
Net assets
$69,836
Revenue
$41,227
Expenses
$43,813
Net income
-$2,586
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$69.8$0.00$69.8$41.2$43.8$2.59
2015Detailed filing. Detailed filing data is available for this year.$72.4$0.00$72.4$58.8$44.2$14.6
2014Detailed filing. Detailed filing data is available for this year.$34.3$0.00$34.3$52.6$32.0$20.5
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.9$30.9$55.4$52.6$2.84