Korea Society
Public records show a registered, tax-exempt organization in good standing.
What it says it does
SEE SCHEDULE O.
- Income
- $3.6 million
- Spending
- $4.0 million
- Spent on programs
- 67%
- Reserves
- 36 months of spending
- Largest source of income
- donations and private grants, 64%
- Employees
- 20
- Volunteers
- 42
- Highest pay
- $321,300, president and ceo
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 89 out of 100. Higher than 74% of charities in its peer group (international, $1m to $10m).
Reserves
35 of 35Spendable reserves would cover 36.0 months of spending.
Debt
20 of 20It owes 9% of what it owns.
Living within its means
4 of 15Spending exceeded income by 10% of income.
Income trend
15 of 15Income rose 2% on the year before.
Spending floor
15 of 1567% of spending went to programs and raising each dollar of donations cost 32 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 64% of charities in its peer group (international, $1m to $10m).
Independent board
25 of 2524 of 24 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (6)
- $730,126 spent. MEDIA: SEE SCHEDULE O. MEDIA: IN 2024, THE KOREA SOCIETY CONTINUED TO MAKE SIGNIFICANT STRIDES IN THE REALMS OF WEB AND PRINT. WEB: CREATED A NUMBER OF VISUAL AND SECURITY UPDATES TO OUR WEBSITE. GENERATING AVERAGE OF 13K CLICKS AND 700K IMPRESSIONS ON A MONTHLY BASIS. PRINT: THE KOREA SOCIETY'S ANNUAL REPORT GARNERED INTERNATIONAL ACCLAIM ONCE AGAIN, CLINCHING BOTH THE GOLD VISION AWARD AND THE BRONZE ARC AWARD FOR THE BEST ANNUAL REPORT IN THE NON-PROFITS CATEGORY. NOTABLY, THE KIM KOO PROFESSIONAL SERIES BOOKLET MAINTAINED ITS PRODUCTION MOMENTUM THROUGH COLLABORATION WITH THE KIM KOO FOUNDATION AS WELL AS QUARTERLY DIGITAL PROGRAM CALENDARS, SPECIAL EVENTS AND GALLERY EXHIBITION PRINT MATERIALS. THE KOREA SOCIETY FURTHERED ITS PRESENCE IN BOTH PRINT AND DIGITAL MEDIA IN 2024. THE TOTAL NUMBER OF MEDIA HITS FROM JANUARY TO DECEMBER 1ST OF THIS YEAR WAS 686; A 30.7% INCREASE FROM 2023. MEDIA HITS INCLUDED COVERAGE ON SOCIETY PROGRAMS FROM ALL AREAS AND SPECIAL EVENTS SUCH AS THE ANNUAL DINNER. QUOTES AND COMMENTARY FROM SOCIETY LEADERSHIP, STAFF, AND BOARD MEMBERS WERE ALSO FEATURED PROMINENTLY IN THE MEDIA. IN MARCH, PRESIDENT TOM BYRNE WAS INTERVIEWED BY KOREA ECONOMIC DAILY IN RESPONSE TO CONCERNS AMONG KOREAN COMPANIES ABOUT POLICY RISKS RELATED TO THE U.S. PRESIDENTIAL ELECTION. IN NOVEMBER, PRESIDENT BYRNE WAS INTERVIEWED BY CHOSUN ILBO FOR HIS THOUGHTS ON THE POTENTIAL IMPACTS OF PRESIDENT-ELECT TRUMP'S SECOND TERM ON U.S.-KOREA RELATIONS. PRESIDENT BYRNE'S APPEARANCE AT THE OPENING OF THE REPUBLIC OF KOREA JEOLLANAM-DO GARDEN IN MANHATTAN AND THE KOREA SOCIETY'S COMPANION PROGRAM WITH JEOLLANAM-DO GOVERNOR KIM YOUNG-ROK IN OCTOBER RECEIVED HEAVY COVERAGE BY KOREAN MEDIA INCLUDING OUTLETS SUCH AS YONHAP AND MAEIL BUSINESS NEWSPAPER. THESE APPEARANCES IN WIDELY PUBLICIZED MEDIA REFLECT THE KOREA SOCIETY'S STANDING AS A PROMINENT AND RESPECTED SOURCE FOR ANALYSIS AND COMMENTARY. THE KOREA SOCIETY ENGAGES AN ACTIVE GLOBAL AUDIENCE THROUGH ITS ONLINE PRESENCE. FROM JANUARY 1 TO DECEMBER 18, 2024, THE SOCIETY'S WEBSITE RECEIVED 438,964 VISITORS, A 21.8% INCREASE FROM LAST YEAR. PODCAST DOWNLOADS REACHED A NEW HEIGHT OF 376,615. YOUTUBE SUBSCRIBERS JUMPED FROM 15,925 IN 2023 TO 19,374 IN 2024 12% HIGHER INCREASE THAN FROM 2022 TO 2023. YOUTUBE VIEWS ON OUR PROGRAMS TOTALED 238,502, A 36.9% INCREASE FROM THE YEAR PRIOR. THE SOCIETY'S SOCIAL MEDIA ACCOUNTS SHOW HIGH AUDIENCE ENGAGEMENT AND INTEREST ACROSS PROGRAM AREAS. THE SOCIETY'S LINKEDIN PAGE CONTINUES TO GROW RAPIDLY, ATTRACTING 5,746 FOLLOWERS, A 29.9% INCREASE FROM 2023. OUR TWITTER ACCOUNTS HAVE MAINTAINED OVER 33,300 FOLLOWERS, AND THE SOCIETY'S INSTAGRAM ACCOUNT HAS AMASSED OVER 9,734 FOLLOWERS AS OF DECEMBER 31, 2024.
- $627,325 spent. EDUCATION: IN 2024, THE SOCIETY'S EDUCATIONAL PROGRAMS OFFERED A VARIETY OF OPPORTUNITIES AND RESOURCES FOR INDIVIDUALS, EDUCATORS, AND STUDENTS FOCUSED ON ADVANCING KNOWLEDGE AND UNDERSTANDING OF KOREA IN THE US AND PROMOTING MUTUAL UNDERSTANDING AMONG THE PEOPLES OF BOTH COUNTRIES. THE SOCIETY'S EDUCATIONAL PROGRAMS IN 2024 INCLUDED THE FOLLOWING. THE SOCIETY'S KOREAN LANGUAGE PROGRAM, WHICH OFFERS AN EIGHT (8) LEVEL PROGRAM OVER FOUR TERMS A TEN-WEEK WINTER, SPRING AND FALL TERM AND AN EIGHT WEEK SUMMER TERM, CONTINUED TO HAVE ANOTHER VERY STRONG YEAR, ATTRACTING NEARLY 1,300 STUDENTS, MATCHING THE PREVIOUS YEAR'S RECORD-BREAKING NUMBERS OF STUDENTS HAILED FROM 40 STATES AND THE DISTRICT OF COLUMBIA AND 13 COUNTRIES. OUR PROJECT BRIDGE YOUTH AMBASSADOR PROGRAM, THE EDUCATION DEPARTMENT'S LONGEST-RUNNING PROGRAM, IS AN ACADEMIC YEAR-LONG PROGRAM FOR HIGH SCHOOL STUDENTS THAT AIMS TO ADVANCE PARTICIPANTS' UNDERSTANDING OF KOREA WHILE DEVELOPING THEIR LEADERSHIP SKILLS. OVER THE COURSE OF NINE (9) MONTHS IT PROVIDES BI-MONTHLY WORKSHOPS, A TEN-DAY STUDY TOUR TO KOREA AND COMMUNITY PRESENTATIONS WHICH ATTRACTED MANY ALUMNI, TEACHERS AND FAMILY MEMBERS. OUR GENERAL KOREAN STUDIES PROGRAMMING INCLUDED IN-PERSON HIGH SCHOOL GROUP WORKSHOPS WHERE IN 2024 AGAIN OUR REACH EXPANDED SIGNIFICANTLY. WE OFFERED THIRTEEN (13) WORKSHOPS, MORE THAN DOUBLING THE NUMBER OFFERED IN 2023. WE REACHED 443 STUDENTS AND EDUCATORS, A 35% INCREASE FROM 2023 (325) AND MORE THAN QUINTUPLED THE NUMBERS SINCE 2022 (75) WHICH WAS WHEN WE FIRST RETURNED TO OFFERING WORKSHOPS AFTER COVID. THE DEPARTMENT CONTINUED TO ADMINISTER THE SOCIETY'S PRESTIGIOUS RISING STAR AWARD, THE SHERMAN FAMILY KOREA EMERGING SCHOLAR LECTURE AWARD, GEARED TO PHD STUDENTS, YOUNG LECTURERS, RESEARCHERS, AND OTHERS IN THE FIELD WHICH INCLUDES TRAVEL AND LODGING TO NEW YORK TO OFFER THE LECTURE AND A $2,500 HONORARIUM. IN 2024, THE EDUCATION DEPARTMENT FULLY IMPLEMENTED THE UNDERGRADUATE KOREA STUDY ABROAD TRAVEL GRANT COMPETITION THAT WAS PILOTED IN FALL 2023. AS PART OF OUR COMMITMENT TO PROMOTING GREATER AWARENESS, UNDERSTANDING AND COOPERATION BETWEEN THE PEOPLE OF THE U.S. AND KOREA, WE CREATED THIS PROGRAM FOR UNDERFINANCED STUDENTS NEEDING ADDITIONAL MONIES TO COVER TRANSPORTATION COSTS. THIS 'TOPPING OFF' GRANT OF $2,000 WAS OFFERED TO TEN STUDENTS. IN 2024 THE DEPARTMENT HOSTED A NUMBER OF NEW GROUPS/COLLABORATIONS AT THE SOCIETY INCLUDING THE KYUNG-UH SCHOLARSHIP ASSOCIATION'S 14TH ANNUAL TEENS SPEAK SPEECH COMPETITION, THE KOREA AMERICA SCHOOL CONFERENCE (KASC-17) GROUP, STUDENTS AND FACULTY FROM JEONBUK NATIONAL UNIVERSITY, AND RETURNED PEACE CORPS VOLUNTEERS. AND WE CONTINUED TO ENHANCE OUR ONLINE RESOURCES FOR EDUCATORS. TOTAL NUMBER OF KOREAN LANGUAGE STUDENTS: 1,274 TOTAL NUMBER OF HIGH SCHOOL WORKSHOP: 13 IN-PERSON PARTICIPANTS: 443 TOTAL NUMBER OF EDUCATION COLLABORATIONS: 4 TOTAL NUMBER OF KOREAN STUDIES RESOURCES LANDING PAGE HITS: 4,200
- $475,804 spent. POLICY: IN 2024, KOREA SOCIETY POLICY PROGRAMS EDUCATED THE SOCIETY'S MEMBERSHIP ON MATTERS RELATED TO THE U.S.-REPUBLIC OF KOREA (ROK) RELATIONSHIP, OUR COMMON VALUES, AND KOREA'S REGIONAL RELATIONS. A HIGHLIGHT FOR 2024 WAS A CONFERENCE HELD AT THE MAYFLOWER HOTEL IN WASHINGTON DC TO PROVIDE INSIGHTS ON THE FAST EVOLVING THREATS AND OPPORTUNITIES IMPACTING THE DYNAMIC U.S.-ROK RELATIONSHIP, INCLUDING A PANEL ON SECURITY, A PANEL ON DIPLOMACY, AND A KEYNOTE ADDRESS. THROUGHOUT THE YEAR, THE POLICY TEAM OFFERED A RANGE OF PUBLIC POLICY EVENTS TO SERVE AS A FORUM FOR EXCHANGE FEATURING EXPERIENCED AND KNOWLEDGEABLE SPEAKERS, ATTRACTING AN IN-PERSON AUDIENCE IN NEW YORK AND A GLOBAL AUDIENCE ONLINE. A ROUNDTABLE DIALOGUE SERIES CALLED THE KIM KOO PROFESSIONAL SERIES AT THE KOREA SOCIETY BROUGHT TOGETHER NEW YORK PROFESSIONALS FROM BUSINESS, MEDIA AND INTERNATIONAL ORGANIZATIONS FOR A TIMELY DISCUSSION OF EVENTS ON THE KOREAN PENINSULA AND IN EAST ASIA. THE SOCIETY HONORED U.S. VETERANS WITH AN ANNUAL ARMISTICE DAY SALUTE TO AMERICAN AND KOREAN AMERICAN VETERANS OF THE KOREAN WAR. TOTAL NUMBER OF PROGRAMS: 27 REGISTRANTS FOR ALL PROGRAMS: 6,352 YOUTUBE VIEWS FOR ALL PROGRAMS: 24,955 PODCAST DOWNLOADS FOR ALL PROGRAMS: 16,747
- $386,384 spent. ARTS AND CULTURE: THE ARTS & CULTURE DEPARTMENT CONTINUES TO PROMOTE THE DIVERSITY AND EXCELLENCE OF KOREAN CULTURE AND CHAMPION ARTISTS AND CREATORS IN VARIOUS MEDIA. IN 2024, MANY OF OUR PROGRAMS WERE PRESENTED IN HYBRID FORMAT, COMBINING IN-PERSON PRESENTATION AT OUR EVENT SPACE WITH LIVE WEBCAST OR VIDEO RELEASE. THE ARTS & CULTURE DEPARTMENT ALSO CONTINUES TO OFFER PRE-RECORDED PROGRAMS, WHICH WORKS PARTICULARLY WELL WITH KOREAN-SPEAKING GUESTS, AS THE VIDEO PRESENTATION INCLUDES ENGLISH SUBTITLES. BY PROVIDING A VARIETY OF PROGRAMS AND WAYS TO VIEW THEM, THE ARTS & CULTURE DEPARTMENT IS ATTRACTING NEW DEMOGRAPHICS AND AUDIENCES TO THE KOREA SOCIETY. IN 2024, THE KOREA SOCIETY CONTINUED ITS MISSION TO SHOWCASE KOREAN AND KOREAN-BORN ARTISTS THROUGH EXHIBITIONS AND ARTIST TALK PROGRAMS. THROUGHOUT THE YEAR, THE KOREA SOCIETY'S ARTS & CULTURE DEPARTMENT CONTINUED TO EXPLORE THE GLOBAL POPULARITY OF CONTEMPORARY KOREAN CULTURE THROUGH VARIOUS PROGRAMS. THE KOREA SOCIETY SHOWCASED KOREAN AND KOREAN-AMERICAN STORYTELLERS IN FILM AND MEDIA VIA VIRTUAL SCREENING AND INFORMATIVE CONVERSATIONS, AND PRESENTED TRADITIONAL KOREAN MUSIC AND DANCE PERFORMANCES IN THE EVENT SPACE. IN THE FIFTH YEAR OF ITS AUTHOR TALKS VIDEO SERIES, THE KOREA SOCIETY FEATURED DISCUSSIONS WITH AWARD-WINNING KOREAN NOVELISTS WHILE ALSO HOSTING NUMEROUS KOREAN AND KOREAN AMERICAN AUTHORS IN FRONT OF LIVE AUDIENCES. A NEW SERIES TITLED THE Y. T. HWANG FAMILY FOUNDATION SERIES ON ETHICS AND COMMON VALUES OFFERED A SERIES OF INSIGHTFUL LECTURES AND CONVERSATIONS FROM DISTINGUISHED GUEST SPEAKERS.MOST NOTABLE PARTICIPANTS OF ARTS & CULTURE PROGRAMS INCLUDE: KYUNG-WHA KANG [FORMER MINISTER OF FOREIGN AFFAIRS, REPUBLIC OF KOREA]; MINGOO KANG [CHEF]; DR. JIM YONG KIM [FORMER PRESIDENT OF WORLD BANK]; ROSALIE KIM [CURATOR]; MIN JIN LEE [AUTHOR]; HELEN J. SHEN [ACTRESS]; UM TAE-HWA [FILM DIRECTOR]TOTAL NUMBER OF PROGRAM: 44TOTAL REGISTRATIONS [IN-PERSON & ONLINE]: 7,960YOUTUBE VIEWS FOR PROGRAMS: 79,185
- $419,940 spent. CORPORATE: THE KOREA SOCIETY'S BUSINESS AND ECONOMIC PROGRAMS PROVIDE THE INTERNATIONAL BUSINESS COMMUNITY WITH UNIQUE ACCESS TO THE ISSUES AND INDIVIDUALS THAT DEFINE THE U.S.-KOREA BUSINESS RELATIONSHIP IN A RAPIDLY CHANGING GLOBAL ENVIRONMENT. IN CONTINUATION OF THIS EFFORT, OUR ONGOING LEADERSHIP INTERVIEW SERIES HAS EXPANDED WITH THE ESTABLISHMENT OF A SUBSERIES "LOCAL LEADERSHIP IN GLOBAL CONTEXT" TO BROADEN OUR UNDERSTANDING OF LOCAL AND MUNICIPAL LEADERSHIP IN KOREA. 2024 ALSO MARKED THE BEGINNING OF TWO PROGRAM INITIATIVES: STARTUP SCENE: ENTREPRENEURSHIP OF TOMORROW AND U.S-ROK NEW ECONOMIC PARADIGM. WITH VARIOUS NEW AREAS OF FOCUS, THE BUSINESS AND ECONOMIC PROGRAMS WILL STRIVE TO BROADEN THE SCOPE OF BUSINESS AND ECONOMIC PARTNERSHIPS INTERESTS OF THE U.S. AND KOREA.STARTUP SCENE: ENTREPRENEURSHIP OF TOMORROW: WITH THE GRACIOUS SUPPORT OF HANWHA LIFE, STARTUP SCENE HAS BEEN LAUNCHED IN 2024 WITH THE MISSION OF FOSTERING A THRIVING EAST COAST ENTREPRENEURIAL COMMUNITY THAT ENCOMPASSES THE US AND SOUTH KOREAN ECONOMIC LANDSCAPE. THROUGHOUT THE YEAR, WE HAVE SUCCESSFULLY HOSTED THREE IN-HOUSE PROGRAMS AND A HALF-DAY ANNUAL FORUM, FEATURING 13 STARTUP FOUNDERS, 3 VENTURE CAPITALISTS, 3 INDUSTRY EXPERTS, AND 4 JOURNALISTS. THESE PROGRAMS HAVE BEEN AVAILABLE PUBLICLY THROUGH IN-PERSON AND VIRTUAL AUDIENCES, ATTRACTING STUDENTS AND PROFESSIONALS FROM BUSINESS, FINANCE, AND STARTUP BACKGROUNDS.LEADERSHIP INTERVIEW SERIES/LOCAL LEADERSHIP IN GLOBAL CONTEXT: BUILDING UPON THE SUCCESS OF 2023, THE KOREA SOCIETY'S LEADERSHIP INTERVIEW SERIES HAS LAUNCHED A SUBSERIES, "LOCAL LEADERSHIP IN GLOBAL CONTEXT" IN 2024. THIS SERIES FEATURES MUNICIPAL, PROVINCIAL AND STATE-LEVEL LEADERS IN KOREA AND THE U.S., AND EXPLORES THE IMPORTANCE THAT LOCAL LEADERSHIP PLAYS IN NATIONAL POLICIES AND INTERNATIONAL RELATIONS. THESE SPEAKERS OFFER VALUABLE INSIGHTS INTO THEIR PERSONAL AND PROFESSIONAL EXPERIENCES AND OFFER INSIGHTS TO THE FASCINATING AND OFTEN UNDER-APPRECIATED DYNAMICS AT THE REGIONAL AND LOCAL LEVELS THAT WILL SHAPE THE FUTURE OF THE U.S.-KOREA RELATIONSHIP. THE SERIES HAS FEATURED NOTABLE FIGURES INCLUDING GOVERNOR OF GYEONGGI PROVINCE DONG YEON KIM, BUSAN MAYOR PARK HEONG-JOON, AND GOVERNOR OF JEOLLANAMDO KIM YUNG-ROK. THESE THOUGHT-PROVOKING DISCUSSIONS WITH LEADERS ARE MADE ACCESSIBLE TO THE PUBLIC THROUGH ONLINE PLATFORMS, PROVIDING EASE OF ACCESS AND VIEWING. THE KOREA SOCIETY ACTIVELY LEVERAGES THESE RECIPROCAL RELATIONSHIPS WITH THE INTERVIEWEES TO PROMOTE AND STRENGTHEN ECONOMIC TIES BETWEEN THE U.S. AND KOREA.U.S-ROK NEW ECONOMIC PARADIGM: THE SERIES U.S-ROK NEW ECONOMIC PARADIGM WAS DESIGNED TO ADDRESS THE CHANGING DEVELOPMENTS OF THE U.S.-ROK'S RELATIONSHIP AS A PARTNERSHIP OF CLOSER ECONOMIC INTERDEPENDENCE. BY INVITING INDUSTRY-RENOWNED SPEAKERS ACROSS VARIOUS PUBLIC AND PRIVATE SECTORS, BUSINESS, AND ACADEMIA, THIS SERIES AIMS TO EXPLORE KEY TOPICS RANGING FROM THE STRATEGIC IMPORTANCE OF U.S.-ROK RELATIONS FROM THE BUSINESS, ECONOMIC, AND TECHNOLOGICAL ANGLES TO HOW THE U.S. AND SOUTH KOREA CAN DEEPEN ECONOMIC COOPERATION. IN 2024, WE HAVE HELD THREE EVENTS ENCOMPASSING VARIOUS ISSUES INCLUDING U.S. ELECTIONS, US-ROK TRADE AND INVESTMENT RELATIONS, AND SMART CITY INITIATIVES, DEMONSTRATING THE COMPREHENSIVE VALUE OF UPHOLDING AND CULTIVATING DEEPER ECONOMIC COOPERATION.PARTNERSHIP EVENTS: IN 2024, PARTNERSHIP EVENTS CONTINUED TO SHAPE COLLABORATION WITH DIVERSE PARTNERS OF THE KOREA SOCIETY. THESE EVENTS CONTINUE TO SERVE AS A CRUCIAL PLATFORM TO FOSTER AND REINFORCE COLLABORATION WITH ORGANIZATIONS AND PROFESSIONALS ACROSS DIVERSE SECTORS. THIS YEAR, THE KOREA SOCIETY SUCCESSFULLY FACILITATED THE CO-HOSTING OF EVENTS SUCH AS THE "PEN COMMERCE & TECHNOLOGY DEMO DAY" IN PARTNERSHIP WITH PEN VENTURES, KOREA INSTITUTE OF STARTUPS AND DEVELOPMENT, THE MINISTRY OF SMES AND STARTUPS OF SOUTH KOREA, SEOUL STARTUP HUBS, AND THE SEOUL BUSINESS AGENCY AS WELL AS THE THE 2ND "KOREAN AMERICAN NEXT-GENERATION NETWORKING EVENT" WITH ENOB. THESE EVENTS HAVE PROVEN PARTICULARLY SUCCESSFUL IN ATTRACTING YOUNG PROFESSIONALS AND STUDENTS EAGER TO LEARN FROM INDUSTRY LEADERS.TOTAL NUMBER OF PROGRAM (IN-HOUSE ONLY): 10 TOTAL REGISTRATIONS [IN-PERSON & ONLINE]: 1026 YOUTUBE VIEWS FOR PROGRAMS: 4,915 PODCAST DOWNLOADS: 2,456YOUNG PROFESSIONALS' NETWORK: IN 2024, THE YOUNG PROFESSIONALS' NETWORK (YPN) REMAINED COMMITTED TO FOSTERING LEARNING, CAREER GROWTH, AND NETWORKING FOR YOUNG PROFESSIONALS. TO SUPPORT THIS, WE HOSTED DISCUSSIONS WITH KOREAN AND KOREAN-AMERICAN INDUSTRY LEADERS, OFFERING VALUABLE INSIGHTS AND SPARKING MEANINGFUL CONVERSATIONS.THIS YEAR'S SIX PROGRAMS COVERED DIVERSE FIELDS, INCLUDING LEGAL CAREER INSIGHTS, GEN.G'S VISION FOR ESPORTS WITH CEO ARNOLD HUR, BRIDGING KOREAN CULTURE WITH ENTREPRENEURSHIP & PHILANTHROPY, HEALTHCARE PANEL, 2024 MENTORING DAY, AND BREAKING INTO UX/PRODUCT DESIGN. YPN ALSO FOCUSED ON EXPANDING AND DIVERSIFYING THE KOREA SOCIETY'S YOUNG PROFESSIONAL AND STUDENT AUDIENCE BY STRENGTHENING PARTNERSHIPS AND BROADENING OUTREACH. AS A RESULT, FOUR OF SIX PROGRAMS WERE COLLABORATIVE EFFORTS, INTRODUCING NEW AUDIENCES TO THE KOREA SOCIETY, WHILE STUDENT AND NON-MEMBER ATTENDANCE TRIPLED COMPARED TO THE PREVIOUS YEAR.TOTAL NUMBER OF PROGRAMS: 6 TOTAL REGISTRATIONS [IN-PERSON & VIRTUAL]: 907 YOUTUBE VIEWS FOR PROGRAMS: 2,270 PODCAST DOWNLOADS: 480
- $22,175 spent. CONGRESSIONAL STUDY: THE CONGRESSIONAL STUDY GROUP ON KOREA (CSGK), ESTABLISHED IN PARTNERSHIP WITH THE KOREA FOUNDATION AND THE U.S. ASSOCIATION OF FORMER MEMBERS OF CONGRESS, WAS LAUNCHED IN FEBRUARY 2018. THE SIGNATURE EVENT IS A STUDY TOUR TO KOREA, WHICH BRINGS MEMBERS OF CONGRESS TO MEET SENIOR KOREAN GOVERNMENT OFFICIALS AND OTHER HIGH-LEVEL MEETING PARTNERS TO DISCUSS KEY ISSUES THAT IMPACT THE U.S.-ROK RELATIONSHIP. THE CONGRESSIONAL STUDY GROUP ON KOREA IS MAINLY SUPPORTED BY THE KOREA FOUNDATION AND THE SOCIETY PARTNERS WITH THE ASSOCIATION FOR FORMER MEMBERS OF CONGRESS (FMC) IN WASHINGTON DC, AN ORGANIZATION THAT ALSO RUNS THE LONG-STANDING GERMAN AND JAPAN CONGRESSIONAL STUDY GROUPS.THE FIFTH ANNUAL MEMBER OF CONGRESS STUDY TOUR ORIGINALLY PLANNED FOR 2023 WAS POSTPONED TO EARLY 2024 DUE TO UNPRECEDENTED CIRCUMSTANCES IN THE UNITED STATES CONGRESS. THE FMC WAS ABLE TO SUCCESSFULLY COMPLETE ITS FIFTH STUDY TOUR TO SOUTH KOREA IN MARCH 2024 THROUGH CLOSE COLLABORATION WITH THE KOREA SOCIETY. THE CONGRESSIONAL STUDY GROUP ON KOREA BROUGHT SIX MEMBERS OF CONGRESS TO MEET PRESIDENT YOON SUK-YEOL, HIS ADMINISTRATION'S SENIOR GOVERNMENT OFFICIALS AND OTHER HIGH-LEVEL MEETING PARTNERS TO DISCUSS KEY ISSUES THAT IMPACT THE U.S.-ROK ALLIANCE. THE DELEGATION CONVENED CSGK CO-CHAIRS REP. AMI BERA (D-CA) AND REP. YOUNG KIM (R-CA) AS WELL AS REPS. CHRISSY HOULAHAN (D-PA), DAN NEWHOUSE (R-WA), DEBORAH ROSS (D-NC), AND RAUL RUIZ (R-CA) FOR A FOUR-DAY PROGRAM IN SEOUL AND BUSAN, SOUTH KOREA. THE 2024 STUDY TOUR WAS ESPECIALLY MEANINGFUL AS THE DELEGATION ARRIVED SHORTLY BEFORE THE KOREAN NATIONAL ASSEMBLY ELECTIONS, ALLOWING MEMBERS OF CONGRESS TO LEARN ABOUT THEIR COLLEAGUES' ELECTION ENVIRONMENT. FURTHERMORE, DUE TO 2024 BEING AN ELECTION YEAR IN THE UNITED STATES FOR BOTH THE CONGRESS AND PRESIDENCY, MEMBERS WERE ABLE TO COMMENT ON THE ONGOING U.S. COMMITMENT TO THE KOREAN PENINSULA ON A BIPARTISAN BASIS, REASSURING THEIR PARTNERS IN KOREA AHEAD OF U.S. ELECTIONS.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since June 1991.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
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