Sakks Inc
Nonprofit profile at a glance
- EIN
- 824650046
- IRS 990-EZ coverage
- 2019–2024
- Forms available
- Form 990-EZ 2024
- Location
- Olney, MD, USA
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Cultural, Ethnic Awareness
Reported finances
- Revenue
- $92,379
- Expenses
- $77,609
- Assets
- $161,242
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- IRENE JOUNG (PRESIDENT)
People named in this filing
- ILCHUL YOON (BOARD OF TRU)
- SUNHEE KIM (BOARD OF TRU)
- HANGKYO LIM (BOARD OF TRU)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote education and related cultural activities
What it reported doing in 2024
We offered weekend korean language programs to the children of immigrant family from korea and adults interested in learning korean language. Classes met for 15 weeks in each spring and fall semester. Students were enrolled in 12 different classes depending on their ages and levels. In the class, they were taught korean, korean culture and history by volunteer teachers. During the academic year of 2024, approximately 125 students were registered in each semester.
Operating model
- Revenue model
- Earned-program. 66% of the money available for current operations came from fees and other program revenue.
- 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 - 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 reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 82
- Sustainability: 53
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 66.8%; rating input score 67
- Program expense ratio: 79.5%; rating input score 80
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 16%; rating input score 69; 69th percentile among comparable filings
- Total-asset coverage ratio: 2.08; rating input score 66; 66th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 10.7%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: -0.3% per year; rating input score 0; 47th percentile among comparable filings
- Revenue growth: 8.4% per year; rating input score 100; 79th percentile among comparable filings
- Asset growth: 5.1% per year; rating input score 100; 58th percentile among comparable filings
Details
- Where the money goes: 66.8% of revenue deployed · 79.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $62K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 5 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Sustainability: Officer compensation ratio scored 9/100.