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KOREA-US CULTURAL EXCHANGE FOUNDATION

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Tax-exempt status may be revoked

KOREA-US CULTURAL EXCHANGE FOUNDATION

EIN 47-1605045 · Cultural, Ethnic Awareness

What they do

Korea-US Cultural Exchange Foundation (dba KORUS Foundation) is Established to Promote The Exchange of Ideas, Information, Art and Other Aspects of Culture Between The Two Countries and Their People In Order to Foster Mutual Understanding. In An Increasingly Globalized and Interdependent World, The Ability to Understand and Embrace The Different Values and Needs of Diverse Cultures and Societies Becomes Ever More Important. It Can Strengthen Relationships, Enhance Socio-cultural Cooperation, and Promote National Interests Between The Two Nations.

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This record may have an IRS status problem. Do not give until you verify it.

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Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2016The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders3 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

72.38%of revenue went to mission work73.1% of expenses · Program services
$99.06spent for every $100 of revenueRevenue covered expenses this year.
$0.01in assets for every $1 spent this yearSome assets cannot be spent right away.
100.0%of its money came from giftsOther money may come from services or investments.

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Money

Financial picture

Tax year 2016

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$20,388
Mission workProgram services$14,75772.38% of revenue73.1% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$1920.94% of revenueShown in gray on the chart
Total expenses$20,19699.06% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Money in and money out

Revenue$20,388
Expenses$20,196
Annual surplus $192 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$14,757 · 73.1% of expenses
See all reported dollar amounts
Revenue$20,388
Expenses$20,196
Assets$225
Income$20,388
Contributions$20,388
Mission work (program services)$14,757
People

Leadership and board

Tax year 2016

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (3)

CHRISTINA JANGPRESIDENT & CEO

JOHN SAWYERSECRETARY

SCOTT BARTLEYTREASURER

About this charity

Location
1770 Post Street, San Francisco, CA 94115
County
City and County of San Francisco
In care of
Christina Jang

How to reach them

Filing and classification

Latest tax year
2016
Tax period began
January 1, 2016
Tax preparer
IM & ASSOCIATES ACCOUNTANCY CORPORATION
IRS tax category
Cultural, Ethnic Awareness
Revocation date
May 15, 2020

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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