Rotary Club of Chicagoland Korean-northbrook Charitable Projects Foundation

Nonprofit profile at a glance

EIN: 300569745
IRS 990-EZ coverage: 2013–2023
Forms available: Form 990-EZ 2023
Location: Niles, IL, USA
Phone: 8475775004
Rating: 52
Verdict: MIXED
Rating confidence: Moderate
Sector: Fund Raising and Fund Distribution

Reported finances

Revenue: $33,450
Expenses: $48,280
Assets: $42,746

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

JINSOO PARK (PRESIDENT)

People named in this filing

JINSOO PARK (PRESIDENT)
KISOO HAN (TREASURER)
JUNGHAE LEE (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

To receive donations, gift, bequests and others, and to maintain funds, and to use whole or any part of income and principal exclusively for charitable organizations.

What it reported doing in 2023

CAFE VOCA - that provides vocational training and employment experience for individuals with intellectual and development challenges

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

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

Financial Efficiency: 20
Transparency & Controls: 100
Sustainability: 26
Growth: 20

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 22.6%; rating input score 23
Program expense ratio: 15.7%; rating input score 16

Transparency & Controls

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

Sustainability

Operating margin: -44.3%; rating input score 15; 15th percentile among comparable filings
Total-asset coverage ratio: 0.89; rating input score 42; 42nd percentile among comparable filings
Liabilities to assets ratio: Limited
Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

Program expense growth: -5.8% per year; rating input score 0; 35th percentile among comparable filings
Revenue growth: -0.8% per year; rating input score 0; 50th percentile among comparable filings
Asset growth: 4.5% per year; rating input score 100; 56th percentile among comparable filings

Details

Where the money goes: 22.6% of revenue deployed · 15.7% of spending went to programs
Governance: Filed governance answers
Accomplishments: 2 filed program accomplishments · $8K 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: 9 filing years from 2013 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.

High — Financial Efficiency: Mission deployment rate scored 23/100.
High — Financial Efficiency: Program expense ratio scored 16/100.
High — Sustainability: Operating margin scored 15/100.
High — Growth: Program expense growth scored 0/100.
High — Growth: Revenue growth scored 0/100.
Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
Review — Sustainability: Officer compensation ratio scored 56/100.