Civic Intelligence

Silicon Valley Korean School Inc.

990 • Fiscal year 2017 • EIN 91-2013547

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 14, 2018

Organization Profilesvks.org
P O Box 3129Santa Clara, CA 95055

(408) 202-5048

Siviq Scores

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

Liabilities / Assets

34th percentile

0.00x

Higher debt load relative to assets than 34% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

34th percentile

0.01x

Higher debt load relative to revenue than 34% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

57th percentile

6.2%

Higher net margin than 57% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

55th percentile

$21,105

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

54th percentile

4.7%

Faster asset growth than 54% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

35th percentile

-2.2%

Faster revenue growth than 35% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$990,831

Up $44,522 (+4.7%) from 2016

Net Assets

Up

$986,177

Up $47,318 (+5.0%) from 2016

Liabilities

Down

$4,654

Down $2,796 (-38%) from 2016

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin57th percentile

Revenue

Down

$765,045

Down $16,894 (-2.2%) from 2016

Expenses

Up

$717,727

Up $7,662 (+1.1%) from 2016

Net Income

Down

$47,318

Down $24,556 (-34%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $698,259Liabilities 2011: $10,175Net Assets 2011: $688,0842011Assets 2013: $813,939Liabilities 2013: $13,860Net Assets 2013: $800,0792013Assets 2014: $796,583Liabilities 2014: $17,154Net Assets 2014: $779,4292014Assets 2015: $884,036Liabilities 2015: $17,051Net Assets 2015: $866,9852015Assets 2016: $946,309Liabilities 2016: $7,450Net Assets 2016: $938,8592016Assets 2017: $990,831Liabilities 2017: $4,654Net Assets 2017: $986,1772017Assets 2018: $1,049,897Liabilities 2018: $4,832Net Assets 2018: $1,045,0652018Assets 2019: $1,108,290Liabilities 2019: $5,564Net Assets 2019: $1,102,7262019Assets 2020: $1,141,903Liabilities 2020: $83,973Net Assets 2020: $1,057,9302020Assets 2021: $1,274,719Liabilities 2021: $93,060Net Assets 2021: $1,181,6592021Assets 2022: $1,496,160Liabilities 2022: $1,811Net Assets 2022: $1,494,3492022Assets 2023: $1,701,247Liabilities 2023: $1,043Net Assets 2023: $1,700,2042023Assets 2024: $1,853,552Liabilities 2024: $1,053Net Assets 2024: $1,852,4992024Assets 2025: $2,097,607Liabilities 2025: $0Net Assets 2025: $2,097,6072025

Highlighted filing

2017

Assets$990,831
Liabilities$4,654
Net Assets$986,177
Open 2017 Filing

Operations Trend

Revenue Growth35th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $395,909Expenses 2011: $346,114Net Income 2011: $49,7952011Expenses 2013: $484,1972013Revenue 2014: $562,670Expenses 2014: $583,320Net Income 2014: -$20,6502014Revenue 2015: $760,009Expenses 2015: $672,453Net Income 2015: $87,5562015Revenue 2016: $781,939Expenses 2016: $710,065Net Income 2016: $71,8742016Revenue 2017: $765,045Expenses 2017: $717,727Net Income 2017: $47,3182017Revenue 2018: $765,515Expenses 2018: $706,627Net Income 2018: $58,8882018Revenue 2019: $812,072Expenses 2019: $754,411Net Income 2019: $57,6612019Revenue 2020: $611,352Expenses 2020: $656,148Net Income 2020: -$44,7962020Revenue 2021: $696,855Expenses 2021: $573,126Net Income 2021: $123,7292021Revenue 2022: $982,462Expenses 2022: $669,772Net Income 2022: $312,6902022Revenue 2023: $993,715Expenses 2023: $787,860Net Income 2023: $205,8552023Revenue 2024: $1,021,670Expenses 2024: $869,375Net Income 2024: $152,2952024Revenue 2025: $1,208,955Expenses 2025: $963,847Net Income 2025: $245,1082025

Highlighted filing

2017

Revenue$765,045
Expenses$717,727
Net Income$47,318
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 14, 2018
Return Version
2016v3.0
Gross Receipts
$765,045
Mission and Program Overview

Mission

Our mission is to provide high-quality education in all aspects of the Korean heritage by offering classes in Korean language arts, history, and cultural traditions from pre-K to adults.We aim to make the unique experience of Korean heritage accessible to a wide audience, maintaining high academic rigor alongside hands-on immersive cultural experiences.

Education of Korean language and culture to anyone interested in learning

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$521,477$527,544▲ $6,067
Cash and Non-Interest-Bearing Accounts$414,975$459,220▲ $44,245
Land, Buildings, and Equipment, Net$5,855$4,066▼ $1,789
Receivables From Officers Etc$4,000$0▼ $4,000
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$946,309$990,831▲ $44,522
Other Assets Total$2$1▼ $1
Liabilities
Other Liabilities$7,450$4,654▼ $2,796
Total Liabilities$7,450$4,654▼ $2,796
Net Assets / Fund Balance
Unrestricted Net Assets$938,859$986,177▲ $47,318
Total Net Assets Fund Balance$938,859$986,177▲ $47,318
Total Liabilities and Net Assets / Fund Balance$946,309$990,831▲ $44,522

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$494$9,774$10,268
Equipment$3,572$5,461$9,033
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Hyunju KimPrincipalPT$21,105$21,105
Juyeon LeeVice PrincipalPT$13,803$13,803
Young Sook KimVice PrincipalPT$13,417$13,417
Jane LeePrincipal-$10,101$10,101

Board Members and Trustees

NameTitle
David ChunDirector
Miya GlasauerDirector
S Michael LeeDirector
Sunai RaillardExecutive Director
Meredith ParkSecretary
Eun Jung OhTeachers' Rep
Daniel ChoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$27,079
Program Service Revenue
$735,356
Investment Income
$2,610
Other Revenue
$0
All Other Contributions
$27,079
Change in Net Assets
$47,318
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$385,208
Other Expenses$332,519
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$281,169$16,956-$298,125
Occupancy$146,256--$146,256
Current Officers, Directors, Trustees, and Key Employees-$58,426-$58,426
Office Expenses$31,341$7,476-$38,817
Payroll Taxes$21,592$7,065-$28,657
All Other Expenses$16,015$10,677-$26,692
Other Expenses$27,794$11,876-$11,876
Insurance-$10,392-$10,392
Fees for Services Accounting-$7,570-$7,570
Depreciation Depletion-$1,789-$1,789
Conferences and Meetings$1,186--$1,186
Information Technology-$851-$851
Total Functional Expenses$584,649$133,078$0$717,727
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$4,000$0▼ $4,000
Receivables from Disqualified Persons-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Payable$4,654
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The tax return is sent to each board member for a review before filing the tax return.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The members review the policy and sign the acknowledgment.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The information is available upon request.”

Filing and Contact Details

Filer

Filer Name
Silicon Valley Korean School
EIN
91-2013547
Phone
4082025048
Address
P O Box 3129, Santa Clara, CA 95055

Signing Officer

Name
Kim Hyunju
Title
Principal
Signed
2018-02-14
Discuss with paid preparer
Yes

Organization Details

Formed
1997
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
6
Employees
79
Volunteers
271

Preparer

Firm
Cathy Cha CPA Inc
Address
21070 HOMESTEAD RD STE 205, CUPERTINO, CA 95014-0241
Preparer
Cathy Cha
Phone
4088992560
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IRS990/OtherExpensesGrp/Desc1Event Costs
IRS990/OtherExpensesGrp/Desc2Teacher Support
IRS990/OtherExpensesGrp/Desc3Equipmental Rental
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt011876
IRS990/OtherExpensesGrp/ProgramServicesAmt030468
IRS990/OtherExpensesGrp/ProgramServicesAmt128828
IRS990/OtherExpensesGrp/ProgramServicesAmt227794
IRS990/OtherExpensesGrp/TotalAmt030468
IRS990/OtherExpensesGrp/TotalAmt128828
IRS990/OtherExpensesGrp/TotalAmt227794
IRS990/OtherExpensesGrp/TotalAmt311876
IRS990/OtherLiabilitiesGrp/BOYAmt07450
IRS990/OtherLiabilitiesGrp/EOYAmt04654
IRS990/OtherRevenueMiscGrp/Desc0Other Income
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt016956
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0281169
IRS990/OtherSalariesAndWagesGrp/TotalAmt0298125
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07065
IRS990/PayrollTaxesGrp/ProgramServicesAmt021592
IRS990/PayrollTaxesGrp/TotalAmt028657
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt047839
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02539
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0330844
IRS990/PYProgramServiceRevenueAmt0731561
IRS990/PYRevenuesLessExpensesAmt071874
IRS990/PYSalariesCompEmpBnftPaidAmt0379221
IRS990/PYTotalExpensesAmt0710065
IRS990/PYTotalRevenueAmt0781939
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt04000
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt047318
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0735356
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0521477
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0527544
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt03572
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05461
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09033
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0494
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt09774
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt010268
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04654
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll Taxes Payable
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04066
IRS990ScheduleD/TotalLiabilityAmt04654
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0From school's website:NOTICE OF NONDISCRIMINATORY POLICYThe Silicon Valley Korean School (SVKS) admits students, who want to learn Korean language and culture, of any race, nationality and ethnic origin to all the rights, privileges, programs and activities generally accorded or made available to students at the school. It does not discriminate on the basis of race, color, national or ethnic origin in administration of its educational policies, admissions policies, scholarship and loan programs, and athletic and other school-administered programs.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt010101
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Jane Lee
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Principal
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt010101
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The tax return is sent to each board member for a review before filing the tax return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The members review the policy and sign the acknowledgment.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The information is available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0946309
IRS990/TotalAssetsEOYAmt0990831
IRS990/TotalAssetsGrp/BOYAmt0946309
IRS990/TotalAssetsGrp/EOYAmt0990831
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt027079
IRS990/TotalEmployeeCnt079
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0133078
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0584649
IRS990/TotalFunctionalExpensesGrp/TotalAmt0717727
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07450
IRS990/TotalLiabilitiesEOYAmt04654
IRS990/TotalLiabilitiesGrp/BOYAmt07450
IRS990/TotalLiabilitiesGrp/EOYAmt04654
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0938859
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0986177
IRS990/TotalProgramServiceExpensesAmt0584649

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$990,831
Liabilities
$4,654
Net assets
$986,177
Revenue
$765,045
Expenses
$717,727
Net income
$47,318
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.10$0.00$2.10$1.21$0.96$0.25
2024Detailed filing. Detailed filing data is available for this year.$1.85$0.00$1.85$1.02$0.87$0.15
2023Detailed filing. Detailed filing data is available for this year.$1.70$0.00$1.70$0.99$0.79$0.21
2022Detailed filing. Detailed filing data is available for this year.$1.50$0.00$1.49$0.98$0.67$0.31
2021Detailed filing. Detailed filing data is available for this year.$1.27$0.09$1.18$0.70$0.57$0.12
2020Detailed filing. Detailed filing data is available for this year.$1.14$0.08$1.06$0.61$0.66$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.11$0.01$1.10$0.81$0.75$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$0.77$0.71$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$0.77$0.72$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.95$0.01$0.94$0.78$0.71$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.88$0.02$0.87$0.76$0.67$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.80$0.02$0.78$0.56$0.58$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.01$0.80$0.48
2011Summary only. Only limited summary data is available for this year.$0.70$0.01$0.69$0.40$0.35$0.05