The New York Korean Performing Arts Center Inc
Nonprofit profile at a glance
- EIN
- 133723672
- IRS 990-EZ coverage
- 2015–2025
- Forms available
- Form 990 2014, Form 990-EZ 2025
- Location
- New York, NY, USA
- Phone
- 2129219344
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $66,817
- Expenses
- $44,035
- Assets
- $42,911
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- SUE YEON PARK (PRESIDENT)
People named in this filing
- SUE YEON PARK (PRESIDENT)
- JERRY WARTSKI (CFO)
- JUYONG HA (EXECUTIVE DI)
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
Our mission is to play an instrumental and educational role in cultivating a sense of cultural pride while fostering healthy, positive intercultural dialogue, for second generation korean-americans. This organization seeks to contribute, explain, and share traditional korean cultural values through musical and folk dance artistry. We support and coordinate efforts for cultural events by providing rehearsal space, initiating cultural outreach programs for local audiences, and in establishing various classes offering music and dance lessons to the general public across all ages. Our aim is to serve the residents in the New York city area, as a cultural conduit and source of information related to korean traditional artistry. Performance, for both koreans and general audiences, is a critical component towards this end.
What it reported doing in 2025
Cultural concert performances inteded for all audiences.
Operating model
- Revenue model
- Donor-supported. 100% 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
SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 82
- Sustainability: 59
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 56.7%; rating input score 57
- Program expense ratio: 86.1%; rating input score 86
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 34.1%; rating input score 83; 83rd percentile among comparable filings
- Total-asset coverage ratio: 0.97; rating input score 47; 47th 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: -11.8% per year; rating input score 0; 26th percentile among comparable filings
- Revenue growth: -7.7% per year; rating input score 0; 28th percentile among comparable filings
- Asset growth: 3.4% per year; rating input score 100; 51st percentile among comparable filings
Details
- Where the money goes: 56.7% of revenue deployed · 86.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $38K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 5 of 6 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 10 filing years from 2015 to 2025
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 57/100.
- Moderate — Transparency & Controls: Part I part ii net assets crosscheck did not reconcile in the filed values.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.