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International : International Peace, Security, and Affairs

The Korea Society

Promoting greater awareness, understanding and cooperation between the U.S. and Korea

two stars

75.95

350 Madison Avenue 24th Floor
New York, NY 10022
tel: (212) 759-7525   Web Site
EIN: 52-1714111

Board Leadership
Kathleen Stephens
Chair

CEO
Thomas J. Byrne
President

  Score
(out of 100)
Rating
Overall Score & Rating 75.95 two stars
  Financial 69.48 one star
  Accountability & Transparency 85.00 three stars
This rating was published 07/01/2020 and includes data from FY2018, the most recent 990 received at that time.

The Korea Society, founded in 1957, is dedicated solely to the promotion of greater awareness, understanding, and cooperation between the people of the United States and Korea. In pursuit of its mission, the Society arranges programs that facilitate discussion, exchanges, and research on topics of vital interest to both countries in the areas of public policy, business, education, intercultural relations, and the arts. From its base in New York City, the Society serves audiences across the country through its own outreach efforts and by forging strategic alliances with counterpart organizations in other cities throughout the United States as well as in Korea.

The Korea Society, founded in 1957, is dedicated solely to the promotion of greater awareness, understanding, and cooperation between the people of the United States and Korea. In pursuit of its mission, the Society arranges programs that facilitate discussion, exchanges, and research on topics of vital interest to both countries in the areas of public policy, business, education, intercultural relations, and the arts. From its base in New York City, the Society serves audiences across the country through its own outreach efforts and by forging strategic alliances with counterpart organizations in other cities throughout the United States as well as in Korea.

Impact Information

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Financial

one star

69.48

Accountability & Transparency

three stars

85.00

This rating was published 07/01/2020 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
65.7%
  Administrative Expenses 20.4%
  Fundraising Expenses 13.7%
  Fundraising Efficiency $0.16
  Working Capital Ratio (years) 2.89
  Program Expenses Growth -3.2%
  Liabilities to Assets 26.7%
All data for Financial Performance Metrics calculations was provided by The Korea Society on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by The Korea Society on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
The Korea Society (NY) 75.95 two stars
German Marshall Fund of the US (DC) 92.24 four stars
American Institute for Contemporary German Studies (DC) 88.48 three stars
StandWithUs (CA) 91.07 four stars
Abraham Initiatives (NY) 85.28 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,135,832
   Federated Campaigns $0
   Membership Dues $221,105
   Fundraising Events $490,420
   Related Organizations $0
   Government Grants $17,100
Total Contributions $1,864,457
   Program Service Revenue $114,840
Total Primary Revenue $1,979,297
   Other Revenue $535,321
TOTAL REVENUE $2,514,618
   
EXPENSES  
   Program Expenses $1,956,667
   Administrative Expenses $432,130
   Fundraising Expenses $436,943
TOTAL FUNCTIONAL EXPENSES $2,825,740
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-311,122
   
Net Assets $17,565,401

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Policy and Corporate $850,298 43.5%
Congressional $300,735 15.4%
Media $291,512 14.9%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-12 07/01/2020 75.95 two stars
2017-12 06/01/2019 78.25 two stars
2016-12 05/01/2018 85.31 three stars
2015-12 03/01/2017 87.25 three stars
2014-12 06/01/2016 87.25 three stars
 
CN 2.0
2014-12 03/01/2016 85.80 three stars
2013-12 07/01/2015 82.93 three stars
2012-12 04/01/2014 88.70 three stars
2011-12 06/01/2013 85.14 three stars
2010-12 04/01/2012 89.36 three stars
2009-12 09/20/2011 91.30 four stars
 
CN 1.0
2009-12 05/01/2011 91.23 four stars
2008-12 05/01/2010 98.86 four stars
2007-12 05/01/2009 98.88 four stars
2006-12 05/01/2008 89.43 three stars
2005-12 12/01/2006 91.23 four stars
2004-12 05/01/2006 92.90 four stars
2003-12 04/01/2005 88.52 three stars
2002-12 05/01/2004 89.25 three stars
2001-12 04/15/2003 86.66 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 52-1714111
Name in IRS Master File KOREA SOCIETY
NTEE Code Q20
NTEE Classification Promotion of International Understanding
NTEE Type International, Foreign Affairs and National Security
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (123) Discussion groups, forums, panels lectures, etc.
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date June, 1991
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$250,496 8.86% Thomas Byrne President

Highly Rated

Charity Name & State Overall Score Overall Rating
The Korea Society (NY) 75.95 two stars
German Marshall Fund of the US (DC) 92.24 four stars
American Friends of Neve Shalom/Wahat al-Salam (CA) 93.55 four stars
National Council on US-Arab Relations (DC) 91.06 four stars
Abraham Initiatives (NY) 85.28 three stars

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Charity Contact Info

The Korea Society
350 Madison Avenue
24th Floor
New York, NY 10022
tel: (212) 759-7525
fax: (212) 759-7530
EIN: 52-1714111

Visit Web Site

Board Leadership

Kathleen Stephens
Chair

CEO

Thomas J. Byrne
President

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