New Song Education Foundation

EIN: 882256201 501(c)(3) Religion

MOUNTLAKE TERRACE, WA

Total Revenue
$1,503,199
Total Expenses
$1,542,599
Total Assets
$283,445
Net Assets
$276,185
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
WA
Principal Officer
Annie Lee
Phone
4259745731
Tax Period
2025-01-01 to 2025-12-31

New Song Education Foundation, founded in 2022, is a community nonprofit in the Religion sector that reported $1.5M in total revenue in fiscal year 2025.

Mission

NSEFs mission is to empower the next generation of global leadership in excellence with exciting education arts & athletic programs internships scholarships and more. At NSEF we strive to give tangible opportunities for success. We are a 501c3 non-profit organization that aims to love God through serving people by meeting practical and spiritual needs including Christian worship services Christian education various Christian education scholarships for higher education and seminary providing Christian learning centers and programs planting Christian churches sponsoring Christian camps and retreats supporting Christian mission work and education through grants supporting Christian media and providing Christian affordable community development and assisted living facilities.

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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 (2025)

Revenue Breakdown

Contributions & Grants $55,518
Program Service Revenue $1,446,738
Investment Income $943
Other Revenue $0
TOTAL REVENUE $1,503,199

Expense Breakdown

Grants Paid $14,585
Salaries & Benefits $1,119,453
Fundraising Expenses $0
Program Expenses $1,359,459
Other Expenses $408,561
TOTAL EXPENSES $1,542,599

Year-over-Year Comparison

2025 2024 Change
Revenue $1,503,199 N/A N/A
Expenses $1,542,599 N/A N/A
Net Income $-39,400 N/A N/A
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

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Governance

Voting Members
4
Independent Members
4
Employees
42
Volunteers
N/A

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
$20,535
Total Directors
4
$20,535
Key Employees
2
$32,035
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TAE CHOOL PARK Governor 1.00
Director
$0 $0 $0
DANBEE LEE CEO 20.00
Officer Director Key Emp
$20,535 $0 $20,535
KWISUN KIM Governor 1.00
Director
$0 $0 $0
YOUNGHO CHANG Governor 1.00
Director
$0 $0 $0
EUNSUK SHIN Treasurer 8.00
Key Emp
$11,500 $0 $11,500
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
2025 $1,503,199 $1,542,599 $283,445 $-39,400
2024 $1,793,029 $1,697,619 $357,396 $95,410
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