Korean School Foundation INC: Nonprofit Profile, Financials & Form 990 (EIN 92-0092705)

Revenue by fiscal year
FY2020	$89K
FY2021	$105K
FY2022	$72K
FY2023	$114K
FY2024	$163K
FY2025	$118K

Expenses by fiscal year
FY2020	$59K
FY2021	$31K
FY2022	$86K
FY2023	$124K
FY2024	$114K
FY2025	$115K

Net assets by fiscal year
FY2020	$83K
FY2021	$158K
FY2022	$143K
FY2023	$133K
FY2024	$181K
FY2025	$183K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1984.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

95%

Program services 95% · $109K Management & general 5% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Esther Choi

Secretary

$0Pt VII · Sec A

Hojin Park

President

$0Pt VII · Sec A

Kap-Sun Enders

Vice President

$0Pt VII · Sec A

Seunghyun Oh

Treasurer

$0Pt VII · Sec A

Eujin M Choi

Director

$0Pt VII · Sec A

Kathy Kim

Director

$0Pt VII · Sec A

See Korean School Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Teaches Korean language and culture to promote understanding.

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Provided by the organization

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2 programs · $102K · in their own filed words · FY2024

01

Providing language classes on korean language, culture, and art to enrolled students. The ages ranges are from 4 years old to adult.

$92Kprogram expense

02

Award scholarship to college and graduate school students

$10Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2024

Denali FoundationFY2024$10K

Total grants receivedfrom 1 funder$10K

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$118K

Ln 12

Other incomeLn 4–11$57K

Gifts and grantsLn 1h$27K

Fees for servicesLn 2g$23K

Money outPt IX

$115K

Ln 25

Programscol B$109K

Managementcol C$6K

Owns and owesPt X

$183K

net assets · Ln 32

Cash and savingsLn 1–2$184K

Total assetsLn 16$184K

LiabilitiesLn 26$990

PeoplePt VI, VII

6

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$27K

Fees for servicesLn 2g$23K

Investment incomeLn 3$12K

Other incomeLn 4–11$57K

Total revenueLn 12$118K

Assets in detailPt X, end of year

CashLn 1$32K

SavingsLn 2$152K

Cash and savings togetherLn 1–2$184K

Total assetsLn 16$184K

LiabilitiesLn 26$990

Net assetsLn 32$183K

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderAugust

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$181K	$184K
Total assetsLn 16	$181K	$184K
LiabilitiesLn 26	$735	$990
Net assetsLn 32	$181K	$183K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$6K	$6K
Grants to domestic individualsLn 2	$13K	$13K
Other salaries and wagesLn 7	$58K	$58K
Payroll taxesLn 10	$5K	$5K
Advertising and promotionLn 12	$4K	$4K
Office expensesLn 13	$3K		$3K
Information technologyLn 14	$376		$376
OccupancyLn 16	$4K	$4K
TravelLn 17	$9K	$8K	$937
InsuranceLn 23	$300		$300
Other expenses (24a–d)Ln 24	$12K	$10K	$2K
Total functional expensesLn 25	$115K	$109K	$6K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$118K	$115K	$3K	$183K	990 PDF
FY2024	$163K	$114K	$49K	$181K	990 PDF
FY2023	$114K	$124K	−$10K	$133K	990 PDF
FY2022	$72K	$86K	−$15K	$143K	990 PDF
FY2021	$105K	$31K	$74K	$158K	990 PDF
FY2020	$89K	$59K	$30K	$83K	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2025 990 (6 parts)

Part I · Summary $118,285 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $81,700$27,035

I-9 Program service revenuePrior year $29,394$23,017

I-10 Investment incomePrior year $1,392$11,665

I-11 Other revenuePrior year $50,445$56,568

I-12 Total revenuePrior year $162,931$118,285

I-13 Grants and similar amounts paidPrior year $10,000$19,680

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $53,186$63,140

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $50,806$32,517

I-18 Total expensesPrior year $113,992$115,337

I-19 Revenue less expensesPrior year $48,939$2,948

Part VI · Governance 6 of 6 board members independent, 2 to look at

VI-1a Voting members of the governing body6

VI-1b Independent voting members6

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $118,285 across 6 lines filed

Lines not itemized here account for $56,568 of total revenue; see the IRS return.

VIII-1f All other contributions, gifts and grants$27,035

VIII-1h Total contributions, gifts and grants$27,035

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $23,017$23,017

VIII-3 Investment incomeRelated to mission $11,665$11,665

VIII-8 Net income from fundraising events$0

VIII-12 Total revenueRelated to mission $34,682 · Unrelated business $39,688 · Excluded from tax $16,880$118,285

Part IX · Statement of functional expenses $115,337 across 11 lines filed

IX-1 Grants to domestic organizationsPrograms $6,500$6,500

IX-2 Grants to domestic individualsPrograms $13,180$13,180

IX-7 Other salaries and wagesPrograms $57,850$57,850

IX-10 Payroll taxesPrograms $5,290$5,290

IX-12 Advertising and promotionPrograms $4,100$4,100

IX-13 Office expensesManagement $2,780$2,780

IX-14 Information technologyManagement $376$376

IX-16 OccupancyPrograms $4,200$4,200

IX-17 TravelPrograms $7,630 · Management $937$8,567

IX-23 InsuranceManagement $300$300

IX-24 Other expenses (24a–d)Programs $10,292 · Management $1,902$12,194

IX-25 Total functional expensesPrograms $109,042 · Management $6,295 · Fundraising $0$115,337

Part X · Balance sheet $183,701 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $116,707$32,134

X-2 Savings and temporary cash investmentsStart of year $64,781$151,567

X-16 Total assetsStart of year $181,488$183,701

X-17 Accounts payable and accrued expensesStart of year $735$990

X-26 Total liabilitiesStart of year $735$990

X-27 Net assets without donor restrictionsStart of year $180,753$182,711

X-32 Total net assets or fund balancesStart of year $180,753$182,711

X-33 Total liabilities and net assetsStart of year $181,488$183,701

Part XI · Reconciliation of net assets $182,711 net assets at year end

XI-1 Total revenue$118,285

XI-2 Total expenses$115,337

XI-3 Revenue less expenses$2,948

XI-4 Net assets at start of year$180,753

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$182,711

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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Korean School Foundation INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Korean School Foundation INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV