Korean School of Cherry Hill Inc

Nonprofit profile at a glance

EIN
222325638
IRS 990-EZ coverage
2014–2017
Forms available
Form 990-EZ 2017, Form 990-N 2007
Location
Cherry Hill, NJ, USA
Phone
8566385175
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Military, Veterans' Organizations

Reported finances

Revenue
$162,514
Expenses
$163,353
Assets
$45,652

Source: IRS Form 990-EZ. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

2 people listed

People named in this filing

  • Chung S Kim (PRINCIPAL)
  • Angela Jung (VICE PRINCIPAL)

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 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

See attached articles of incorporation page 1 paragraph 2

What it reported doing in 2017

Organization provided educational and cultural services to children and adults to help them understand and learn world history, Korean cultural customs current events.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 82
  • Sustainability: 26
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 62.3%; rating input score 62
  • Program expense ratio: 61.9%; rating input score 62

Transparency & Controls

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

Sustainability

  • Operating margin: -0.5%; rating input score 32; 32nd percentile among comparable filings
  • Total-asset coverage ratio: 0.28; rating input score 25; 25th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 1.9%; rating input score 29; 29th percentile among comparable filings

Growth

  • Program expense growth: 4.6% per year; rating input score 100; 48th percentile among comparable filings
  • Revenue growth: 24.6% per year; rating input score 100; 89th percentile among comparable filings
  • Asset growth: 18.7% per year; rating input score 100; 76th percentile among comparable filings

Details

  • Where the money goes: 62.3% of revenue deployed · 61.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $101K in reported program spending
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 4 filing years from 2014 to 2017
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 32/100.
  • High — Sustainability: Total-asset coverage ratio scored 25/100.
  • High — Sustainability: Officer compensation ratio scored 29/100.