Praise Korean Cultural Community Center Inc

Nonprofit profile at a glance

EIN
261078933
IRS 990-EZ coverage
2011–2025
Forms available
Form 990-EZ 2025
Location
Somerset, NJ, USA
Phone
7328054050
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Education N.E.C.

Reported finances

Revenue
$147,315
Expenses
$163,509
Assets
$9,663

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • SUNG OK KO (PRESIDENT)

People named in this filing

  • JIMMY LEE (CHAIRMAN)
  • SUNG OK KO (PRESIDENT)
  • SANGHOON LEE (TREASURER/SE)

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 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The praise korean cultural community center (hereinafter, "pkccc") was established to support our community's educational needs in korean language and culture specifically targeting 2nd generation korean-americans and local non-korean natives.

What it reported doing in 2025

In teaching the korean language, we offer curriculum to improve reading and writing skills. This is reinforced by speaking only korean in our school even during non-class hours. To promote the education of korean culture, we offer classes including but not limited to etiquette, gardening, taekwondo, baking, cooking, traditional art and traditional dance. We regularly host events open to the public such as our "korean national folk day" where students can compete and present their learned skills in relation to korean language and culture including but not limited to story -telling, story-writing, drawing, taekwondo.

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

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: 100
  • Transparency & Controls: 82
  • Sustainability: 12
  • Growth: 80

Detailed rating inputs

Financial Efficiency

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

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -11%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 0.06; rating input score 9; 9th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 4.6%; rating input score 24; 24th percentile among comparable filings

Growth

  • Program expense growth: 4.4% per year; rating input score 100; 43rd percentile among comparable filings
  • Revenue growth: 4.1% per year; rating input score 100; 39th percentile among comparable filings
  • Asset growth: -3.1% per year; rating input score 0; 19th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $164K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 15 filing years from 2011 to 2025
  • 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.

  • High — Sustainability: Operating margin scored 13/100.
  • High — Sustainability: Total-asset coverage ratio scored 9/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 24/100.