Silicon Valley Korean School
Nonprofit profile at a glance
- EIN
- 912013547
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024, Form 990-EZ 2017
- Location
- Cupertino, CA, USA
- Phone
- 4082025048
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,208,955
- Expenses
- $963,847
- Assets
- $2,097,607
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Highest reported compensation
- Nanmo Moon (Principal): $33,268 total reported compensation
- Min Su Youn (Vice Principal): $27,768 total reported compensation
- Iwon Shin (Vice Principal): $20,571 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to provide high-quality education in all aspects of the Korean heritage by offering classes in Korean language arts, history, and cultural traditions from pre-K to adults.We aim to make the unique experience of Korean heritage accessible to a wide audience, maintaining high academic rigor alongside hands-on immersive cultural experiences.
What it reported doing in 2024
SVKS envisions a thriving global community where Korean heritage is valued, shared, and celebrated through innovative education and active cultural engagement.Sustainable Educational Program DevelopmentContinuously develop practical, high-quality Korean language programs that adapt to changing times, ensuring students succeed in global communication and meet modern societal needs.Cultural and Identity EducationProvide opportunities for students to deeply understand and experience Korean culture, history, and traditions, helping them establish a strong Korean identity and pride while growing as healthy global citizens.Community EngagementStrengthen our role in the local and global community through active cooperation and cultural exchange, expanding the impact of education beyond the classroom.Strengthening Teacher ExpertiseSupport ongoing professional development and research for teachers, adopting the latest educational methods and technologies to improve teaching quality.Global Network and InnovationBuild a global network of Korean heritage educators and institutions, fostering innovation in teaching and creating opportunities for collaboration across borders.
Operating model
- Revenue model
- Earned-program. 88% 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 90
- Accountability: 79
- Sustainability: 71
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 63.4%; rating input score 63
- Program expense ratio: 82.2%; rating input score 82
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 80%; rating input score 80; 18th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 20.3%; rating input score 76; 76th percentile among comparable filings
- Total-asset coverage ratio: 2.18; rating input score 67; 67th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 9.4%; rating input score 39; 39th percentile among comparable filings
Growth
- Program expense growth: 2.5% per year; rating input score 100; 29th percentile among comparable filings
- Revenue growth: 4.9% per year; rating input score 100; 43rd percentile among comparable filings
- Asset growth: 8.2% per year; rating input score 100; 52nd percentile among comparable filings
Details
- Where the money goes: 63.4% of revenue deployed · 82.2% of spending went to programs
- Governance: 8 of 10 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $792K in reported program spending
- Leadership: top reported pay $33K · 12 people listed
- Consistency: 19 of 19 current checks pass
- Schedules: 4 filed schedules
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 4 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.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Sustainability: Officer compensation ratio scored 39/100.