Korean School Of New Jersey
Korean School Of New Jersey: Strong Program Spending, Limited Transparency
EIN: 222472384 · Tenafly, NJ · Updated: 2026-04-04
About Korean School Of New Jersey
Korean School Of New Jersey (EIN: 222472384) is a nonprofit organization based in Tenafly, NJ. The organization reported total revenue of $618K and total assets of $829K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Korean School Of New Jersey's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Korean School Of New Jersey with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Korean School Of New Jersey allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation information is not explicitly detailed in the provided data, suggesting it is either minimal or not separately reported in the summary figures.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Korean School Of New Jersey's IRS 990 filings:
- Lack of a public website or detailed program descriptions makes it difficult to assess specific impact.
- Limited information on executive compensation beyond general expenses.
Strengths
The following positive indicators were identified for Korean School Of New Jersey:
- Consistent growth in revenue and assets over the past several years.
- Strong allocation of expenses towards programs, indicating a focus on mission delivery.
- Healthy asset base of $829,000 as of the latest filing.
Frequently Asked Questions about Korean School Of New Jersey
What does Korean School Of New Jersey do?
Korean School Of New Jersey is a nonprofit organization in the Unknown sector, located in Tenafly, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Korean School Of New Jersey have?
Korean School Of New Jersey reported total revenue of $617,770. Based on 13 IRS 990 filings on record.
What are Korean School Of New Jersey's total assets?
Korean School Of New Jersey holds total assets of $829,000 as reported in IRS 990 filings.
Where is Korean School Of New Jersey located?
Korean School Of New Jersey is based in Tenafly, New Jersey.
What is Korean School Of New Jersey's EIN?
Korean School Of New Jersey's Employer Identification Number (EIN) is 222472384. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Korean School Of New Jersey?
Korean School Of New Jersey is classified under NTEE code Unknown (Unknown).
Is Korean School Of New Jersey a registered 501(c)(3)?
Korean School Of New Jersey appears in IRS records (EIN: 222472384). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Korean School Of New Jersey file IRS Form 990?
Yes, Korean School Of New Jersey has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Korean School Of New Jersey's revenue in 2023?
In the 202312 filing period, Korean School Of New Jersey reported total revenue of $516,659, total expenses of $421,584, and net assets of $737,477.
Is Korean School Of New Jersey's revenue growing or declining?
Korean School Of New Jersey's revenue is growing. Revenue went from $476,553 (202212) to $516,659 (202312), a +8.4% change. Based on 13 filings on record.
What is Korean School Of New Jersey's most recent 990 filing?
The most recent IRS Form 990 filing for Korean School Of New Jersey covers tax period 202312. It shows revenue of $516,659, expenses of $421,584, total assets of $737,477, and liabilities of N/A.
How much does Korean School Of New Jersey spend on programs vs administration?
Based on IRS 990 analysis, Korean School Of New Jersey allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Korean School Of New Jersey a trustworthy charity?
Based on AI analysis of IRS 990 data, Korean School Of New Jersey appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Korean School Of New Jersey?
The following concerns were identified: Lack of a public website or detailed program descriptions makes it difficult to assess specific impact.. Limited information on executive compensation beyond general expenses.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Korean School Of New Jersey's strengths?
Positive indicators for Korean School Of New Jersey include: Consistent growth in revenue and assets over the past several years.. Strong allocation of expenses towards programs, indicating a focus on mission delivery.. Healthy asset base of $829,000 as of the latest filing.. These findings are derived from AI analysis of the organization's financial filings.
How does Korean School Of New Jersey compensate executives?
Executive compensation information is not explicitly detailed in the provided data, suggesting it is either minimal or not separately reported in the summary figures. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization ensure its educational programs are meeting the needs of the community without a public platform detailing curriculum or outcomes?
The provided data does not offer insight into program specifics or outcome measurement, which would typically be found on an organizational website or detailed annual report.
Filing History
IRS 990 filing history for Korean School Of New Jersey showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Korean School Of New Jersey's revenue has grown by 135.6%, moving from $219K to $517K. Total assets increased by 125.6% over the same period, from $327K to $737K. Total functional expenses rose by 62.8%, from $259K to $422K. In its most recent filing year (2023), Korean School Of New Jersey reported a surplus of $95K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $517K | $422K | $737K | $0 | — | View 990 |
| 2022 | $477K | $357K | $642K | $0 | — | View 990 |
| 2021 | $287K | $265K | $523K | $0 | — | View 990 |
| 2020 | $319K | $245K | $501K | $0 | — | View 990 |
| 2019 | $392K | $393K | $427K | $0 | — | View 990 |
| 2018 | $402K | $358K | $428K | $0 | — | View 990 |
| 2017 | $394K | $349K | $384K | $0 | — | View 990 |
| 2016 | $274K | $303K | $340K | $0 | — | View 990 |
| 2015 | $314K | $267K | $368K | $0 | — | View 990 |
| 2014 | $287K | $274K | $316K | $0 | — | View 990 |
| 2013 | $285K | $280K | $291K | $0 | — | View 990 |
| 2012 | $250K | $252K | $325K | $0 | — | View 990 |
| 2011 | $219K | $259K | $327K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $517K, expenses of $422K, and assets of $737K (revenue +8.4% year-over-year).
- 2022: Revenue of $477K, expenses of $357K, and assets of $642K (revenue +66.1% year-over-year).
- 2021: Revenue of $287K, expenses of $265K, and assets of $523K (revenue -10.1% year-over-year).
- 2020: Revenue of $319K, expenses of $245K, and assets of $501K (revenue -18.7% year-over-year).
- 2019: Revenue of $392K, expenses of $393K, and assets of $427K (revenue -2.3% year-over-year).
- 2018: Revenue of $402K, expenses of $358K, and assets of $428K (revenue +2.0% year-over-year).
- 2017: Revenue of $394K, expenses of $349K, and assets of $384K (revenue +43.5% year-over-year).
- 2016: Revenue of $274K, expenses of $303K, and assets of $340K (revenue -12.6% year-over-year).
- 2015: Revenue of $314K, expenses of $267K, and assets of $368K (revenue +9.3% year-over-year).
- 2014: Revenue of $287K, expenses of $274K, and assets of $316K (revenue +0.7% year-over-year).
- 2013: Revenue of $285K, expenses of $280K, and assets of $291K (revenue +13.8% year-over-year).
- 2012: Revenue of $250K, expenses of $252K, and assets of $325K (revenue +14.2% year-over-year).
- 2011: Revenue of $219K, expenses of $259K, and assets of $327K.
Data Sources and Methodology
This transparency report for Korean School Of New Jersey is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.