NEW KOREA FOUNDATION INTERNATIONAL

EIN: 883166362 501(c)(3) International Affairs

Robbinsdale, MN

Total Revenue
$376,598
Total Expenses
$376,598
Total Assets
$374,625
Net Assets
N/A
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
CA
Principal Officer
Kenneth Bae
Phone
7637323640
Tax Period
2023-01-01 to 2023-12-31

NEW KOREA FOUNDATION INTERNATIONAL, founded in 2022, is a small nonprofit in the International Affairs sector that reported $377K in total revenue in fiscal year 2023.

Mission

We actively provide Christian led compassionate care, education, and resource networking to help restore and rebuild the lives of North Korean refugees today, preparing them to be the hands of change in the future.

Program Service Accomplishments

Program 1
Expenses: $105,000 Revenue: $0

Our Shalom House Network has provided mental health care, access to medical care, a safe place to bather, do laundry, and rest, as well as a place to receive nutritious meals. Additionally, we have...

Read more

Our Shalom House Network has provided mental health care, access to medical care, a safe place to bather, do laundry, and rest, as well as a place to receive nutritious meals. Additionally, we have been able to provide educational scholarships to the children of refugee women, provide Christmas gifts to their families, and on occasion provide relocation assistance, This network is located in neighboring countries to North Korea and offer vital rehabilitation and restoration services to those we serve.

Program 2
Expenses: $95,000 Revenue: $0

New Korea English Reunification Camp (NKERC) is an annual camp held in South Korea. We focus on fast-tracking core English language skills for North Korean defectors and first generation South...

Read more

New Korea English Reunification Camp (NKERC) is an annual camp held in South Korea. We focus on fast-tracking core English language skills for North Korean defectors and first generation South Koreans of North Korean descent, as well as South Korean students. Through our global camp centered volunteer staff, coursework, extra-curricular activities, and opportunities for evangelism, we are able to make a powerful impact in the lives of those we serve.

Program 3
Expenses: $61,000 Revenue: $0

Our Winter Discipleship Camp is comprised of three interconnected programs: 1) Winter Faith Retreat, 2) Winter English Intensive School, 3) Winter Leader and Discipleship training. Through these...

Read more

Our Winter Discipleship Camp is comprised of three interconnected programs: 1) Winter Faith Retreat, 2) Winter English Intensive School, 3) Winter Leader and Discipleship training. Through these three programs we are able to provide fast-tracked English language education, community building, and foster leadership and discipleship skills in the North Korean defectors we serve. For our attendees, these programs offer them vital language skills needed for college level learning, connect hearts and minds together, and in many cases introduce them to Christianity for the first time.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $376,598
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $376,598

Expense Breakdown

Grants Paid $208,400
Salaries & Benefits $41,389
Fundraising Expenses $0
Program Expenses $261,000
Other Expenses $126,809
TOTAL EXPENSES $376,598

Year-over-Year Comparison

2023 2022 Change
Revenue $376,598 N/A N/A
Expenses $376,598 N/A N/A
Net Income $0 $0 N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
5
Independent Members
5
Employees
3
Volunteers
1

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
6
$30,000
Total Directors
2
$0
Key Employees
3
$30,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Richard Nelson CMO 20
Officer Key Emp
$12,000 $0 $12,000
Kenneth Bae CEO, President 40
Officer Key Emp
$9,000 $0 $9,000
Kelly Sadler CAO, Office Administrator 40
Officer Key Emp
$9,000 $0 $9,000
Young Kim Director of Missions 5
Officer Director
$0 $0 $0
Ben Kim Director of Technology 10
Officer Director
$0 $0 $0
Heather Castro CFO 5
Officer
$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 No data No data No data No data
2023 $376,598 $376,598 $374,625 No data
Explore More Nonprofits
Top 100 Nonprofits in Minnesota Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare NEW KOREA FOUNDATION INTERNATIONAL with other nonprofits in Minnesota and across the country.