Sejong Cultural Society
Nonprofit profile at a glance
- EIN
- 201530662
- IRS 990-EZ coverage
- 2009–2024
- Forms available
- Form 990-EZ 2024
- Location
- Glenview, IL, USA
- Phone
- 3124973007
- Rating
- 94
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $77,426
- Expenses
- $113,070
- Assets
- $142,081
- Liabilities
- $6,083
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- GYE-YOUNG PARK (PRESIDENT)
- SOOK PARK (VICE PRESIDENT)
- C LUCY PARK (EXECUTIVE DIRECTOR/SECRETARY)
People named in this filing
- GYE-YOUNG PARK (PRESIDENT)
- SOOK PARK (VICE PRESIDENT)
- ESTHER AESUH YANG (TREASURER)
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
By reaching out to the younger generations through contemporary creative and fine arts, the sejong cultural society strives to advance awareness and understanding of korea's heritage amongst people in the united states. It is our hope that, through this, the rich culture behind korea's colorful history will be accessible to people of any ethnicity and nationality while being a unique part of the larger, more familiar western culture. By bridging asian and american culture we try to promote harmony among the many different ethnic groups in the united states.
What it reported doing in 2024
The sijo is a traditional structured three-line korean poetic form. It has been the most popular form of lyric verse in korea for over five hundred years and is considered a classic example of traditional korean fine arts. Through the sijo, students may be introduced to not only a unique, lesser known form of poetry, but also a culture little explored. Sejong cultural society hosts various sijo education programs, sijo workshops, lectures and seminars for english teachers, and sijo reading for the general public. Sejong also develops and distributes sijo teaching resources for teachers and other educational organizations free of charge.
Operating model
- Revenue model
- Donor-supported. 89% of the money available for current operations came from contributions and gifts.
- 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: 94
- Transparency & Controls: 100
- Sustainability: 31
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 84.2%; rating input score 84
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -46%; rating input score 14; 14th percentile among comparable filings
- Total-asset coverage ratio: 1.26; rating input score 53; 53rd percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 4.2% per year; rating input score 100; 60th percentile among comparable filings
- Revenue growth: 1.8% per year; rating input score 100; 59th percentile among comparable filings
- Asset growth: 6.3% per year; rating input score 100; 62nd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 84.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $95K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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 14/100.
- Review — Sustainability: Total-asset coverage ratio scored 53/100.
- High — Sustainability: Liabilities to assets ratio scored 22/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.