Totals
- Total revenue
- $3,540,827
- Total expenses
- $3,755,584
- Contributions and grants received
- $2,347,670
- Grants paid
- $246,086
- Program service revenue
- $491,326
- Investment income
- $794,123
- Other revenue
- -$92,292
- Total assets, end of year
- $28,678,396
- Total liabilities, end of year
- $3,383,280
- Net assets or fund balances, end of year
- $25,295,116
- Program services expenses (Part IX)
- $2,618,557
- Management and general expenses
- $499,596
- Fundraising expenses
- $637,431
- Program service expenses (Part III)
- $2,618,557
Program services were 69.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$256,462
-
1c · Fundraising events
$747,286
-
1f · All other contributions, gifts and grants
$1,343,922
-
1g · Noncash contributions included above
$18,000
-
2a · Program service revenue: KOREAN STUDIES
total $487,773 · related or exempt $487,773
-
2b · Program service revenue: CORPORATE PROGRAMS
total $3,553 · related or exempt $3,553
-
3 · Investment income
total $651,417 · excluded $651,417
-
7a · Gross sales of assets other than inventory
securities $1,209,614
-
7b · Less cost or other basis and sales expenses
securities $1,066,908
-
7c · Gain or loss
securities $142,706
-
7d · Net gain or loss
total $142,706 · excluded $142,706
-
8a · Fundraising events: gross income
$200,291
-
8a · Fundraising events: contributions included on line 1c
$747,286
-
8b · Fundraising events: direct expenses
$292,583
-
8c · Net income from fundraising events
total -$92,292 · excluded -$92,292
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $234,086 · program services $234,086
-
2 · Grants to domestic individuals
total $12,000 · program services $12,000
-
5 · Compensation of officers, directors and key employees
total $319,491 · program services $200,182 · management and general $57,867 · fundraising $61,442
-
7 · Other salaries and wages
total $1,102,784 · program services $690,969 · management and general $199,736 · fundraising $212,079
-
8 · Pension plan contributions
total $50,327 · program services $31,533 · management and general $9,115 · fundraising $9,679
-
9 · Other employee benefits
total $134,068 · program services $84,003 · management and general $24,282 · fundraising $25,783
-
10 · Payroll taxes
total $94,088 · program services $58,953 · management and general $17,041 · fundraising $18,094
-
11c · Fees: accounting
total $26,300 · management and general $26,300
-
11g · Fees: other
total $1,020 · management and general $1,020
-
13 · Office expenses
total $28,788 · program services $19,460 · management and general $4,298 · fundraising $5,030
-
16 · Occupancy
total $872,198 · program services $602,085 · management and general $125,916 · fundraising $144,197
-
17 · Travel
total $21,962 · program services $15,236 · management and general $3,167 · fundraising $3,559
-
22 · Depreciation, depletion and amortization
total $145,585 · program services $100,441 · management and general $21,014 · fundraising $24,130
-
23 · Insurance
total $18,172 · program services $12,376 · management and general $2,537 · fundraising $3,259
-
24a · Other expenses: PROGRAM COSTS
total $590,394 · program services $495,512 · fundraising $94,882
-
24b · Other expenses: OTHER EXPENSES
total $48,915 · program services $34,792 · management and general $5,105 · fundraising $9,018
-
24c · Other expenses: CONTRIBUTED AIRLINE TIC
total $40,382 · program services $16,778 · fundraising $23,604
-
24d · Other expenses: EQUIP. RENTAL & MAINTEN
total $15,024 · program services $10,151 · management and general $2,198 · fundraising $2,675
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $475,580 · end of year $340,035
-
2 · Savings and temporary cash investments
beginning of year $2,374,301 · end of year $2,259,465
-
3 · Pledges and grants receivable
beginning of year $825,427 · end of year $325,234
-
4 · Accounts receivable
beginning of year $124,593 · end of year $106,278
-
9 · Prepaid expenses and deferred charges
beginning of year $24,854 · end of year $22,914
-
10a · Land, buildings and equipment: cost or other basis
$1,605,383
-
10b · Land, buildings and equipment: accumulated depreciation
$833,893
-
10c · Land, buildings and equipment, net
beginning of year $881,202 · end of year $771,490
-
11 · Investments: publicly traded securities
beginning of year $19,169,173 · end of year $21,844,725
-
15 · Other assets
beginning of year $3,665,702 · end of year $3,008,255
-
17 · Accounts payable and accrued expenses
beginning of year $83,847 · end of year $124,774
-
25 · Other liabilities
beginning of year $3,978,520 · end of year $3,258,506
-
27 · Net assets without donor restrictions
beginning of year $12,422,382 · end of year $12,546,729
-
28 · Net assets with donor restrictions
beginning of year $11,056,083 · end of year $12,748,387
Mission and programs · 2023
Mission
SEE SCHEDULE O.
Activities or mission (Part I)
STRENGTHENING THE BONDS OF AWARENESS, UNDERSTANDING & COOPERATION BETWEEN THE US & KOREA.
-
MEDIA: SEE SCHEDULE O.
Expenses $621,235
-
EDUCATION: SEE SCHEDULE O.
Expenses $596,447 · Grants $12,000 · Revenue $487,773
-
POLICY: SEE SCHEDULE O.
Expenses $437,288
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $963,587 · Grants $234,086 · Revenue $3,553
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.
Listed in Part VII
-
Kathleen StephensKATHLEEN STEPHENS
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Carter BoothCARTER BOOTH
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Young ChoiYOUNG CHOI
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Byeong Chan BaiBYEONG CHAN BAI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Nicholas BrattNICHOLAS BRATT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael BurkeMICHAEL BURKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Victor ChaVICTOR CHA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jun ChoiJUN CHOI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kyoungsik ChoiKYOUNGSIK CHOI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Henry DoHENRY DO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Susan GreenwellSUSAN GREENWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ji Hoon HongJI HOON HONG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Thomas C HubbardTHOMAS C HUBBARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Owen Young JoeOWEN YOUNG JOE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Pious JungPIOUS JUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Song K JungSONG K JUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Abraham KimABRAHAM KIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Anthony KimANTHONY KIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Hae-Young KimHAE-YOUNG KIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mee KimMEE KIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kevin LeeKEVIN LEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jun Bong LeeJUN BONG LEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mark LippertMARK LIPPERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tami OverbyTAMI OVERBY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Chong-Yun ParkCHONG-YUN PARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
William R RhodesWILLIAM R RHODES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Walter SharpWALTER SHARP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Philip D ShermanPHILIP D SHERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Yong SohnYONG SOHN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael WoodsMICHAEL WOODS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gene YoonGENE YOON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tae-Bong YoonTAE-BONG YOON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Thomas J ByrneTHOMAS J BYRNE
PRESIDENT AND CEO
- Total calculated
- $319,490
- From this org
- $301,406
- From related orgs
- $0
- Other
- $18,084
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $301,406
- Bonus
- $0
- Other
- $0
- Deferred
- $18,084
- Nontaxable benefits
- $0
- Filer's total
- $319,490
-
Jiyoung SuhJIYOUNG SUH
SENIOR DIRECTOR OF DEVELOPMENT
- Total calculated
- $156,763
- From this org
- $129,167
- From related orgs
- $0
- Other
- $27,596
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $124,167
- Bonus
- $5,000
- Other
- $0
- Deferred
- $7,450
- Nontaxable benefits
- $20,146
- Filer's total
- $156,763
-
Hyun ChoHYUN CHO
FINANCIAL CONTROLLER
- Total calculated
- $112,583
- From this org
- $106,443
- From related orgs
- $0
- Other
- $6,140
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
FORMER MEMEBERS OF CONGRESS (FMC)
$234,086
TO SUPPORT THE CONGRESSIONAL STUDY GROUP ON KOREA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 5 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432289349303668
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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