Brea Korea Sister City Association
Nonprofit profile at a glance
- EIN
- 455416311
- IRS 990-EZ coverage
- 2017–2023
- Forms available
- Form 990-EZ 2023, Form 990-N 2022
- Location
- Brea, CA, USA
- Phone
- 7146710005
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Cultural, Ethnic Awareness
Reported finances
- Revenue
- $199,511
- Expenses
- $196,693
- Assets
- $31,333
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Ho-El Park (CEO)
People named in this filing
- Ho-El Park (CEO)
- Brian Lee (CFO)
- Penny Jo (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
(1)To provide community public benefit programs, with particular emphasis on educational programs, on a charitable and nondiscriminatory basis for the people of the City of Brea and the sister cities of Brea. (2)To carry on other charitable and educational activities associated with these goals as allowed by law (3)To promote international understanding between nations of the world through establishment of sister city relationships
What it reported doing in 2023
(1)To promote cultural interchange, educational enrichment, and economic cooperation between the City of Brea and the City of AnSeong, Korea(2)To promote curiosity, understanding and harmony among diverse cultures in Brea by fostering sister city relationship between cities(3)Main program service includes Korean language and cultural classes, putting on elaborate cultural performances, encouraging student participation in all its events, and introducing Korean foods, costumes, and folklores in the City of Brea
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 99
- Transparency & Controls: 82
- Sustainability: 30
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98.6%; rating input score 99
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 1.4%; rating input score 39; 39th percentile among comparable filings
- Total-asset coverage ratio: 0.16; rating input score 15; 15th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 16.1% per year; rating input score 100; 71st percentile among comparable filings
- Revenue growth: 13.2% per year; rating input score 100; 73rd percentile among comparable filings
- Asset growth: 5.9% per year; rating input score 100; 47th percentile among comparable filings
Details
- Where the money goes: 98.6% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $197K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2017 to 2023
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 39/100.
- High — Sustainability: Total-asset coverage ratio scored 15/100.