Korean-american Society of Technology Entreprenuership Inc

Nonprofit profile at a glance

EIN
464400768
IRS 990-EZ coverage
2014–2015
Forms available
Form 990-EZ 2015
Location
Upton, MA, USA
Phone
5084787462
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Science and Technology N.E.C.

Reported finances

Revenue
$38,219
Expenses
$44,165
Assets
$4,702
Liabilities
$6,495

Source: IRS Form 990-EZ. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • ALEX CHOE (President)

People named in this filing

  • BONG KYUN RYU (Director)
  • SUNG HWAN CHO (Treasurer)
  • LYDIA SCHROTER (CLERK)

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 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of the organization is to help organize and present conferences to promote and support technology start up activities for korean-american scientists, engineers, and entrepreneurs.

What it reported doing in 2015

The organization held two conferences during the year, one in los angeles, and another in New Jersey.the first conference, tek one west 2016 demo day, was held on may 21, 2016 at the line hotel located in los angeles. About 100 people attended this event along with 20 start up companies presenting for investment opportunities.the second conference was held on september 18, 2015 and was organized in partnership with tide institutes of korea. About 40 people attended this event which focused on how to start a start up.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 82
  • Sustainability: 22
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 97.8%; rating input score 98

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -15.6%; rating input score 24; 24th percentile among comparable filings
  • Total-asset coverage ratio: 0.11; rating input score 10; 10th percentile among comparable filings
  • Liabilities to assets ratio: 1.38; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: -34.3% per year; rating input score 0; 14th percentile among comparable filings
  • Revenue growth: -60.4% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: -120.1% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 97.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $43K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2014 to 2015
  • 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.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 24/100.
  • High — Sustainability: Total-asset coverage ratio scored 10/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.
  • Review — Sustainability: Officer compensation ratio scored 57/100.