HASANG INST FOR KOREAN-AMER CULTURE & EDUCATION

EIN: 270734811 501(c)(3) Arts, Culture & Humanities

FAIRFAX, VA

Total Revenue
$306,468
Total Expenses
$277,623
Total Assets
$278,426
Net Assets
$278,313
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
VA
Phone
7039683010
Tax Period
2024-01-01 to 2024-12-31

HASANG INST FOR KOREAN-AMER CULTURE & EDUCATION, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $306K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $278K left a modest 9% surplus.

Mission

EDUCATING CHILDREN OF THE KOREAN LANGUAGE AND CULTURE, EDUCATING KOREAN- AMERICAN ADULTS OF THE AMERICAN LANGUAGE AND CULTURE AND PROMOTING CHRISTIAN BELIEF AMONG KOREAN-AMERICANS

Program Service Accomplishments

Program 1
Expenses: $237,167 Revenue: $274,260

PROVIDED KOREAN LANGUAGE AND CULTURE LESSONS TO KOREAN-AMERICAN CHILDREN FROM K TO 12TH GRADE.

Program 2
Expenses: $21,591 Revenue: $11,580

PROVIDED ENGLISH LANGUAGE, COMPUTER AND CULTURE LESSONS TO ELDERLY AND ADULT STUDENTS.

Program 3
Expenses: $18,865

BROADCASTED WEEKLY TV PROGRAM ON LOCAL PUBLIC CHANNELS FOR THE GENERAL PUBLIC ON TOPICS OF BIBLE STORY AND CHRISTIAN TEACHINGS IN KOREAN.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $15,264
Program Service Revenue $285,840
Investment Income $5,364
Other Revenue $0
TOTAL REVENUE $306,468

Expense Breakdown

Grants Paid $3,000
Salaries & Benefits $174,548
Fundraising Expenses $0
Program Expenses $277,623
Other Expenses $100,075
TOTAL EXPENSES $277,623

Year-over-Year Comparison

2024 2023 Change
Revenue $306,468 $272,903 +0.1%
Expenses $277,623 $214,524 +0.3%
Net Income $28,845 $58,379 -0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
44
Volunteers
25

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HA JEONG BAE CHAIRMAN 0.00
Officer Director
$0 $0 $0
SI CHANG NOH DIRECTOR 0.00
Officer Director
$0 $0 $0
CECILIA HONG DIRECTOR 0.00
Officer Director
$0 $0 $0
JASON HUH DIRECTOR 0.00
Officer Director
$0 $0 $0
MICHAEL AHN DIRECTOR 0.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $306,468 $277,623 $278,426 $28,845
2023 $272,903 $214,524 $249,494 $58,379
2022 $228,835 $178,193 $191,207 $50,642
2021 $84,985 $82,966 $141,358 $2,019
2020 $30,593 $50,886 $137,098 $-20,293
2019 $231,270 $236,340 $157,764 $-5,070
2018 $196,112 $207,795 $163,479 $-11,683
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