KOREANAMERICANSTORYORG INC

EIN: 272032949 501(c)(3) Arts, Culture & Humanities

SCARSDALE, NY

Total Revenue
$442,460
Total Expenses
$378,354
Total Assets
$501,545
Net Assets
$491,004
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
NY
Principal Officer
HJ LEE
Phone
9146238847
Tax Period
2023-01-01 to 2023-12-31

KOREANAMERICANSTORYORG INC, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $442K in total revenue in fiscal year 2023. Expenses of $378K left a modest 14% surplus.

Mission

KOREANAMERICANSTORYORG INC. SEEKS TO CAPTURE, CREATE, PRESERVE AND SHARE THE STORIES OF THE KOREAN AMERICAN EXPERIENCE BY SUPPORTING AND PROMOTING STORYTELLING IN ALL FORMS THAT EXPLORE AND REFLECT HE EVER EVOLVING KOREAN AMERICAN STORY. KOREANAMERICANSTORYORG INC. SEEKS TO BE AN INCLUSIVE HUB THAT BRIDGES THE GAP BETWEEN COMMUNITIES AND HELPS TO INSTILL CULTURAL AWARENESS AND PRIDE AMONG THE KOREAN AMERICAN COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $454,160
Program Service Revenue $0
Investment Income $1,324
Other Revenue $-13,024
TOTAL REVENUE $442,460

Expense Breakdown

Grants Paid $2,050
Salaries & Benefits $218,114
Fundraising Expenses $52,807
Program Expenses $279,899
Other Expenses $158,190
TOTAL EXPENSES $378,354

Year-over-Year Comparison

2023 2022 Change
Revenue $442,460 $438,224 +0.0%
Expenses $378,354 $350,762 +0.1%
Net Income $64,106 $87,462 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
4
Volunteers
20

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
1
$75,001
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANN CHOH BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS PARK CLEMENT BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN C KIM BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN KIM BOARD MEMBER 1.00
Director
$0 $0 $0
GRACE LEE BOARD MEMBER 1.00
Director
$0 $0 $0
VIVIAN LEE BOARD CO-CHAIRS 1.00
Director
$0 $0 $0
DIANA SON BOARD MEMBER 1.00
Director
$0 $0 $0
JAY OH BOARD CO-CHAIRS 1.00
Director
$0 $0 $0
JEANNE JANG BOARD MEMBER 1.00
Director
$0 $0 $0
THERESA CHOH-LEE BOARD MEMBER 1.00
Director
$0 $0 $0
HJ LEE EXECUTIVE DIRECTOR 30.00
Officer
$75,001 $0 $75,001
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 No data No data No data No data
2023 $442,460 $378,354 $501,545 $64,106
2022 $438,224 $350,762 $438,225 $87,462
2021 $390,739 $269,439 $347,554 $121,300
2020 $284,655 $256,205 $221,673 $28,450
2019 $264,464 $240,753 $194,625 $23,711
2018 $267,256 $142,442 $169,763 $124,814
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