Civic Intelligence

Silicon Valley Korean School Inc.

990 • Fiscal year 2019 • EIN 91-2013547

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 04, 2020

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

24th percentile

0.01x

Higher debt load relative to assets than 24% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

22nd percentile

0.01x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

60th percentile

7.1%

Higher net margin than 60% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

39th percentile

$20,012

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

57th percentile

5.6%

Faster asset growth than 57% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

55th percentile

6.1%

Faster revenue growth than 55% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets24th percentile

Assets

Up

$1,108,290

Up $58,393 (+5.6%) from 2018

Net Assets

Up

$1,102,726

Up $57,661 (+5.5%) from 2018

Liabilities

Up

$5,564

Up $732 (+15%) from 2018

Revenue And Expenses
Liabilities / Revenue22nd percentileNet Margin60th percentile

Revenue

Up

$812,072

Up $46,557 (+6.1%) from 2018

Expenses

Up

$754,411

Up $47,784 (+6.8%) from 2018

Net Income

Down

$57,661

Down $1,227 (-2.1%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth57th 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

2019

Assets$1,108,290
Liabilities$5,564
Net Assets$1,102,726
Open 2019 Filing

Operations Trend

Revenue Growth55th 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

2019

Revenue$812,072
Expenses$754,411
Net Income$57,661
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 4, 2020
Return Version
2018v3.1
Gross Receipts
$834,041
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
Cash and Non-Interest-Bearing Accounts$518,037$573,025▲ $54,988
Savings and Temporary Cash Investments$529,894$534,786▲ $4,892
Land, Buildings, and Equipment, Net$1,966$479▼ $1,487
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$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$1,049,897$1,108,290▲ $58,393
Other Assets Total-$0-
Liabilities
Other Liabilities$4,832$5,564▲ $732
Total Liabilities$4,832$5,564▲ $732
Net Assets / Fund Balance
Unrestricted Net Assets$1,045,065$1,102,726▲ $57,661
Total Net Assets Fund Balance$1,045,065$1,102,726▲ $57,661
Total Liabilities and Net Assets / Fund Balance$1,049,897$1,108,290▲ $58,393

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3$10,265$10,268
Equipment$476$8,557$9,033
Compensation and Service Providers
Top Officer Pay39th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Juyeon LeePrincipalPT$20,012$20,012
Soyoung HongTeachers' RepPT$14,113$14,113
Juhyun Jennifer ParkVice PrincipalPT$13,440$13,440
Young Sook KimVice PrincipalPT$13,440$13,440
Hyunju KimProgramDirectorPT$11,200$11,200

Board Members and Trustees

NameTitle
David ChunDirector
Jane LeeDirector
S Michael LeeDirector
Sunai RaillardDirector
Sanghee Samantha KrausePTA Leader
Meredith ParkSecretary
Daniel ChoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$91,069
Program Service Revenue
$715,630
Investment Income
$5,373
Other Revenue
$0
All Other Contributions
$91,069
Change in Net Assets
$57,661
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$399,008
Other Expenses$355,403
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$274,932$13,791-$288,723
Occupancy$162,327--$162,327
Current Officers, Directors, Trustees, and Key Employees$25,313$46,892-$72,205
Payroll Taxes$32,340$5,740-$38,080
Office Expenses$31,132$6,647-$37,779
All Other Expenses$13,980$13,005-$26,985
Other Expenses$20,811$23,875-$20,811
Insurance-$8,196-$8,196
Fees for Services Accounting$4,590$3,530-$8,120
Depreciation Depletion$1,487--$1,487
Conferences and Meetings$1,169--$1,169
Total Functional Expenses$632,735$121,676$0$754,411
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 Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Payable$5,564
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Juyeon Lee
Title
Principal
Phone
4082025048
Signed
2020-02-04
Discuss with paid preparer
Yes

Organization Details

Formed
1997
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
6
Employees
84
Volunteers
223

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/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-1844
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0162327
IRS990/OccupancyGrp/TotalAmt0162327
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06647
IRS990/OfficeExpensesGrp/ProgramServicesAmt031132
IRS990/OfficeExpensesGrp/TotalAmt037779
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Teacher Support
IRS990/OtherExpensesGrp/Desc1Student Actvitiy
IRS990/OtherExpensesGrp/Desc2Equipment Rental
IRS990/OtherExpensesGrp/Desc3Event Costs
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt023875
IRS990/OtherExpensesGrp/ProgramServicesAmt036399
IRS990/OtherExpensesGrp/ProgramServicesAmt128255
IRS990/OtherExpensesGrp/ProgramServicesAmt220811
IRS990/OtherExpensesGrp/TotalAmt036399
IRS990/OtherExpensesGrp/TotalAmt128255
IRS990/OtherExpensesGrp/TotalAmt223875
IRS990/OtherExpensesGrp/TotalAmt320811
IRS990/OtherLiabilitiesGrp/BOYAmt04832
IRS990/OtherLiabilitiesGrp/EOYAmt05564
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt013791
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0274932
IRS990/OtherSalariesAndWagesGrp/TotalAmt0288723
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05740
IRS990/PayrollTaxesGrp/ProgramServicesAmt032340
IRS990/PayrollTaxesGrp/TotalAmt038080
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Program Service Revenue
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0715630
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0715630
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt076969
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02913
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0338630
IRS990/PYProgramServiceRevenueAmt0685633
IRS990/PYRevenuesLessExpensesAmt058888
IRS990/PYSalariesCompEmpBnftPaidAmt0367997
IRS990/PYTotalExpensesAmt0706627
IRS990/PYTotalRevenueAmt0765515
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt057661
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0715630
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0529894
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0534786
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0476
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08557
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09033
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt010265
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt010268
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05564
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll Taxes Payable
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0479
IRS990ScheduleD/TotalLiabilityAmt05564
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
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 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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01049897
IRS990/TotalAssetsEOYAmt01108290
IRS990/TotalAssetsGrp/BOYAmt01049897
IRS990/TotalAssetsGrp/EOYAmt01108290
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt091069
IRS990/TotalEmployeeCnt084
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0121676
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0632735
IRS990/TotalFunctionalExpensesGrp/TotalAmt0754411
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04832
IRS990/TotalLiabilitiesEOYAmt05564
IRS990/TotalLiabilitiesGrp/BOYAmt04832

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,108,290
Liabilities
$5,564
Net assets
$1,102,726
Revenue
$812,072
Expenses
$754,411
Net income
$57,661
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