Civic Intelligence

Silicon Valley Korean School Inc.

990 • Fiscal year 2018 • EIN 91-2013547

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 13, 2019

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

22nd percentile

0.00x

Higher debt load relative to assets than 22% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

20th percentile

0.01x

Higher debt load relative to revenue than 20% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

62nd percentile

7.7%

Higher net margin than 62% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

38th percentile

$20,162

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

65th percentile

6.0%

Faster asset growth than 65% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

39th percentile

0.1%

Faster revenue growth than 39% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$1,049,897

Up $59,066 (+6.0%) from 2017

Net Assets

Up

$1,045,065

Up $58,888 (+6.0%) from 2017

Liabilities

Up

$4,832

Up $178 (+3.8%) from 2017

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin62nd percentile

Revenue

Up

$765,515

Up $470 (+0.1%) from 2017

Expenses

Down

$706,627

Down $11,100 (-1.5%) from 2017

Net Income

Up

$58,888

Up $11,570 (+24%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth65th 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

2018

Assets$1,049,897
Liabilities$4,832
Net Assets$1,045,065
Open 2018 Filing

Operations Trend

Revenue Growth39th 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

2018

Revenue$765,515
Expenses$706,627
Net Income$58,888
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 13, 2019
Return Version
2017v2.3
Gross Receipts
$765,515
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$527,544$529,894▲ $2,350
Cash and Non-Interest-Bearing Accounts$459,220$518,037▲ $58,817
Land, Buildings, and Equipment, Net$4,066$1,966▼ $2,100
Total Assets$990,831$1,049,897▲ $59,066
Other Assets Total$1--
Liabilities
Other Liabilities$4,654$4,832▲ $178
Total Liabilities$4,654$4,832▲ $178
Net Assets / Fund Balance
Unrestricted Net Assets$986,177$1,045,065▲ $58,888
Total Net Assets Fund Balance$986,177$1,045,065▲ $58,888
Total Liabilities and Net Assets / Fund Balance$990,831$1,049,897▲ $59,066

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,966$17,335$19,301
Compensation and Service Providers
Top Officer Pay38th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Hyunju KimEx PrincipalPT$20,162$20,162
Juyeon LeePrincipalPT$13,500$13,500
Young Sook KimVice PrincipPT$13,500$13,500

Board Members and Trustees

NameTitle
David ChunDirector
Miya GlasauerDirector
S Michael LeeDirector
Sunai RaillardPta Leader
Meredith ParkSecretary
Eun Jung OhTEACHERS' RE
Daniel ChoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$76,969
Program Service Revenue
$685,633
Investment Income
$2,913
Other Revenue
$0
All Other Contributions
$76,969
Change in Net Assets
$58,888
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$367,997
Other Expenses$338,630
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$271,608$14,422-$286,030
Occupancy$110,084$35,925-$146,009
Current Officers, Directors, Trustees, and Key Employees-$47,162-$47,162
Office Expenses$27,743$9,551-$37,294
Payroll Taxes$28,422$6,383-$34,805
All Other Expenses$22,317$10,054-$32,371
Other Expenses$17,646--$17,646
Insurance-$9,574-$9,574
Fees for Services Accounting$4,420$3,090-$7,510
Depreciation Depletion$2,100--$2,100
Conferences and Meetings$1,059--$1,059
Information Technology-$790-$790
Total Functional Expenses$569,676$136,951$0$706,627
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Payable$4,832
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

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

Form 990, Page 6, Part VI, Line 11B

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

Form 990, Page 6, Part VI, Line 12C

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

Form 990, Page 6, Part VI, Line 15A

“The compemsation is reviewed and approved by the board of directors.”

Form 990, Page 6, Part VI, Line 15B

“The compemsation is reviewed and approved by the board of directors.”

Form 990, Page 6, Part VI, Line 19

“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
Juyeon Lee
Title
Principal
Phone
4082025048
Signed
2019-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Juyeon Lee
Formed
1997
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
6
Employees
84
Volunteers
279

Preparer

Firm
Cathy Cha CPA Inc
Address
21070 HOMESTEAD RD STE 205, CUPERTINO, CA 95014
Preparer
Cathy Cha
Phone
4088992560
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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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IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0FROM SCHOOL'S WEBSITE: NOTICE OF NONDISCRIMINATORY POLICY THE 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
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAX RETURN IS SENT TO EACH BOARD MEMBER FOR A REVIEW BEFORE FILING THE TAX RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TAX RETURN IS SENT TO EACH BOARD MEMBER FOR A REVIEW BEFORE FILING THE TAX RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS REVIEW THE POLICY AND SIGN THE ACKNOWLEDGMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMPEMSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE COMPEMSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE INFORMATION IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt01049897
IRS990/TotalAssetsGrp/BOYAmt0990831
IRS990/TotalAssetsGrp/EOYAmt01049897
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt076969
IRS990/TotalEmployeeCnt084
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0136951
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0569676
IRS990/TotalFunctionalExpensesGrp/TotalAmt0706627
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04654
IRS990/TotalLiabilitiesEOYAmt04832
IRS990/TotalLiabilitiesGrp/BOYAmt04654
IRS990/TotalLiabilitiesGrp/EOYAmt04832
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0986177
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01045065
IRS990/TotalProgramServiceExpensesAmt0569676
IRS990/TotalProgramServiceRevenueAmt0685633
IRS990/TotalReportableCompFromOrgAmt047162
IRS990/TotalRevenueGrp/ExclusionAmt0688546
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0765515
IRS990/TotalVolunteersCnt0279
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0990831
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01049897
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0986177
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01045065
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt021070 HOMESTEAD RD
IRS990/USAddress/CityNm0CUPERTINO
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd095014
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0SVKS.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JUYEON LEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRINCIPAL
ReturnHeader/BusinessOfficerGrp/PhoneNum04082025048
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-02-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SILICON VALLEY KOREAN SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0SILI
ReturnHeader/Filer/EIN0912013547
ReturnHeader/Filer/PhoneNum04082025048
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 3129
ReturnHeader/Filer/USAddress/CityNm0SANTA CLARA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd095055
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0F8A0C42BAE808F8141A008A95760E72415A4D8EB
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId08FDA05D44D70FE7DAC00DA74537393E1C2B60BD9
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.93.0.157
ReturnHeader/FilingSecurityInformation/IPDt02019-02-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm013:27:18
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461654874
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CATHY CHA CPA INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt021070 HOMESTEAD RD STE 205
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CUPERTINO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd095014
ReturnHeader/PreparerPersonGrp/PhoneNum04088992560
ReturnHeader/PreparerPersonGrp/PreparationDt02019-02-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CATHY CHA
ReturnHeader/ReturnTs02019-02-13T13:27:18-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,049,897
Liabilities
$4,832
Net assets
$1,045,065
Revenue
$765,515
Expenses
$706,627
Net income
$58,888
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