KOREA DEFENSE VETERANS ASSOCIATION

EIN: 821218295 501(c)(3) International Affairs

GAINESVILLE, VA

Total Revenue
$716,472
Total Expenses
$841,379
Total Assets
$94,836
Net Assets
$63,153
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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
VA
Principal Officer
COL RET SEUNG JOON LEE
Phone
7036083319
Tax Period
2024-01-01 to 2024-12-31

KOREA DEFENSE VETERANS ASSOCIATION, founded in 2017, is a small nonprofit in the International Affairs sector that reported $351K in total revenue in fiscal year 2018. Expenses of $461K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO ENHANCE THE REPUBLIC OF KOREA-UNITED STATES ALLIANCE & SUPPORT VETERANS WHO SERVED IN KOREA.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $695,734
Program Service Revenue $20,738
Investment Income $0
Other Revenue $0
TOTAL REVENUE $716,472

Expense Breakdown

Grants Paid $251,151
Salaries & Benefits $285,023
Fundraising Expenses $0
Program Expenses $736,781
Other Expenses $305,205
TOTAL EXPENSES $841,379

Year-over-Year Comparison

2024 2023 Change
Revenue $716,472 $922,560 -0.2%
Expenses $841,379 $910,928 -0.1%
Net Income $-124,907 $11,632 -11.7%
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
9
Independent Members
9
Employees
4
Volunteers
160

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
3
$130,208
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEN RET CURTIS SCAPARROTTI CHAIRMAN/PRESIDENT 5.00
Officer Director
$0 $0 $0
GEN RET ROBERT ABRAMS US VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
LT GEN RET THOMAS BERGESON DIRECTOR 0.50
Director
$0 $0 $0
LT GEN RET MICHAEL BILLS DIRECTOR 0.50
Director
$0 $0 $0
MAJ GEN RET JEANETTE EDMUNDS DIRECTOR 0.50
Director
$0 $0 $0
COL RET ROCKY HARDER DIRECTOR (UNTIL APRIL 2024) 0.50
Director
$0 $0 $0
MR JONG-WOOK KIM DIRECTOR 0.50
Director
$0 $0 $0
LT GEN RET KEON WAN LEE DIRECTOR (UNTIL MAY 2024) 0.50
Director
$0 $0 $0
MAJ GEN RET JAMES LUKEMAN DIRECTOR 0.50
Director
$0 $0 $0
CSM RET STEVEN PAYTON DIRECTOR 0.50
Director
$0 $0 $0
MAJ GEN RET SE WOO PYO DIRECTOR 0.50
Director
$0 $0 $0
MAJ GEN RET KYOUNG SOO SHIN DIRECTOR 0.50
Director
$0 $0 $0
COL RET SEUNG JOON LEE SR VP OF OPERATIONS/SECRETARY 40.00
Officer
$130,208 $0 $130,208
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 $716,472 $841,379 $94,836 $-124,907
2023 $922,560 $910,928 $180,438 $11,632
2022 $647,183 $664,977 $174,506 $-17,794
2021 $435,746 $403,949 $169,628 $31,797
2020 $427,709 $428,678 $129,319 $-969
2019 $404,116 $390,955 $145,739 $13,161
2018 $351,226 $461,068 $136,192 $-109,842
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