Civic Intelligence

Grace Korean Foundation

EIN 82-2837359 • 501(c)3 • Valencia, CA

Pub. 78 Eligible990-N CoverageNTEE B28

Profile

to deliver and to teach Korean language and culture to the Hispanic students in the colleges in Mexico.

25857 Singing Hills Drive Apt 135Valencia, CA 91355

grace korean foundation

Siviq Scores

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

Liabilities / Assets

71st percentile

0.00x

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

NTEE B • <$500k nonprofits • Source year 2022

Liabilities / Revenue

72nd percentile

0.00x

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

NTEE B • <$500k nonprofits • Source year 2022

Net Margin

89th percentile

76%

Higher net margin than 89% of similar nonprofits.

NTEE B28 • <$500k nonprofits • Source year 2022

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

NTEE B28 • <$500k nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Balance Sheet
Liabilities / Assets71st percentile

Assets

$22,600

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$22,600

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue72nd percentileNet Margin89th percentile

Revenue

$8,535

No earlier filing loaded for comparison.

Expenses

$2,080

No earlier filing loaded for comparison.

Net Income

$6,455

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$30K$20K$10K$0Assets 2022: $22,600Liabilities 2022: $0Net Assets 2022: $22,6002022

Highlighted filing

2022

Assets$22,600
Liabilities$0
Net Assets$22,600
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$10K$5.0K$0Revenue 2022: $8,535Expenses 2022: $2,080Net Income 2022: $6,4552022

Highlighted filing

2022

Revenue$8,535
Expenses$2,080
Net Income$6,455
Open 2022 Filing

Filings

Most recent year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,600
Liabilities
$0
Net assets
$22,600
Revenue
$8,535
Expenses
$2,080
Net income
$6,455
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$22.6$0.00$22.6$8.54$2.08$6.46
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 8, 2022
Return Version
2021v4.0
Gross Receipts
$8,535
Mission and Program Overview

Mission

to deliver and to teach Korean language and culture to the Hispanic students in the colleges in Mexico.

Program Services

DescriptionGrantsExpenses
Teach Korean languages and culture to 180 Hispanic students in the college$0$1,150
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
YUNSOOK HONGPresidentPT$0--
JUNGWOO KIMSecretaryPT$0--
MOONSU SONGFinancial Officer-$0--
Filing and Contact Details

Filer

Filer Name
Grace Korean Foundation
EIN
82-2837359
Phone
7143227189
Address
25857 SINGING HILLS DRIVE APT 135, VALENCIA, CA 91355

Signing Officer

Name
Yunsook Hong
Title
President
Phone
7143227189
Signed
2022-11-08
Discuss with paid preparer
Yes

Preparer

Firm
Modakbul Mission
Address
6052 Homewood Avenue, Buena Park, CA 90621
Preparer
Moonsu Song
Phone
7143227189
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“classroom activity expenses: $1,150 Administration expenses: $350 Total other expenses: $1,500”

Raw XML Appendix233 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0classroom activity expenses: $1,150 Administration expenses: $350 Total other expenses: $1,500
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
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ReturnHeader/Filer/BusinessNameControlTxt0GRAC
ReturnHeader/Filer/EIN0822837359
ReturnHeader/Filer/PhoneNum07143227189
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06052 Homewood Avenue
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ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Moonsu Song
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ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

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