Korean Institute Of Minnesota in Brooklyn Center, Minnesota (MN)
Table of contents:
| Korean Institute Of Minnesota | |
| Employer Identification Number (EIN) | 411338929 |
| Name of Organization | Korean Institute Of Minnesota |
| In Care of Name | Sung Chul Park |
| Address | 5840 Humboldt, Brooklyn Center, MN 55430 |
| Activities | School, college, trade school, etc. |
| Subsection | Educational Organization |
| Ruling Date | 02/1979 |
| Deductibility | Contributions are deductible |
| Foundation | School |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 2011 |
| Assets | $25,000 to $99,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $31,430 |
| Amount of Income | $16,875 |
| Form 990 Revenue Amount | $16,875 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Cultural, Ethnic Awareness |
Non-representatives - add comments:
Amount of income in 2011: $16,875 (it was $20,360 in 2013)
| This organization: | $16,875 |
| Other organizations performing similar types of work: | $120,360 |
Assets in 2011: $31,430 (it was $29,573 in 2013)
| Korean Institute Of Minnesota: | $31,430 |
| Other organizations performing similar types of work: | $169,282 |
Expenses in 2013: $19,036
| Korean Institute Of Minnesota: | $19,036 |
| Other organizations performing similar types of work: | $104,111 |
Income to expenses ratio in 2013: 0.9
| Korean Institute Of Minnesota: | 0.9 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 26.4%
| This organization: | 26.4% |
| Other organizations performing similar types of work: | 0.0% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |
| 2013 | |
|---|---|
| Total revenue | $20,360 |
| Contributions, gifts, grants, and similar amounts received | $5,373 |
| Program service revenue including government fees and contracts | $14,987 |
| Membership dues and assessments | $0 |
| Investment income | $0 |
| Gain/Loss from sale of assets other than inventory | $0 |
| Net income/loss from gaming and fundraising events | $0 |
| Gross profit/loss from sales of inventory | $0 |
| Other revenue | $0 |
| Total expenses | $19,036 |
| Total net assets | $29,573 |
| Excess/Deficit for the year | $1,324 |
| Net assets or fund balances at beginning of year | $28,248 |
| Other changes in net assets or fund balances | $1 |
| Net assets or fund balances at end of year | $29,573 |
| Balance Sheets | |
| 2013 | |
|---|---|
| Total assets | $29,573 |
| Total liabilities | $0 |
| Net assets or fund balances | $29,573 |
| Other Information | |
| 2013 | |
|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No |
| Were any significant changes made to the organizing or governing documents? | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
| Has the organization filed a Form 990-T for the year? | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No |
| Amount of political expenditures, direct or indirect | $0 |
| Did the organization file Form 1120-POL for this year? | No |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No |
| Total amount involved | $0 |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | A school described in section 170(b)(1)(A)(ii) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Workmens Circle Arbeter Ring Incorporated | 247 W 37th St Frnt 5, New York, NY 10018-5129 | NY | 1965-06 | $54,135,638 |
| 2 | American Swedish Institute | 2600 Park Ave, Minneapolis, MN 55407-1007 | MN | 1942-09 | $6,955,173 |
| 3 | Czech And Slovak Sokol Minnesota, Sokol Minnesota | 383 Michigan St, Saint Paul, MN 55102-2920 | MN | 1953-03 | $1,159,046 |
| 4 | Germanic-American Institute | 301 Summit Ave, Saint Paul, MN 55102-2118 | MN | 1994-12 | $957,222 |
| 5 | Irish Fair Of Minnesota | 836 Prior Ave N, Saint Paul, MN 55104-1040 | MN | 2000-02 | $838,421 |
| 6 | Alliance Francaise Of The Twin Cities | 113 N 1st St, Minneapolis, MN 55401-1411 | MN | 1976-02 | $709,816 |
| 7 | Ragamala Dance, Ranee Ramaswamy 13720 James Ave S | 711 W Lake St Ste 309, Minneapolis, MN 55408-2975 | MN | 1993-04 | $590,860 |
| 8 | Hmong Cultural Center Of Minnesota | 379 University Ave W Ste 204, Saint Paul, MN 55103-2060 | MN | 1994-03 | $405,298 |
| 9 | Chinese American Association Of Minnesota | 800 Transfer Rd Ste 8, Saint Paul, MN 55114-1414 | MN | 1968-09 | $367,535 |
| 10 | Norwegian-American Historical Association | 1520 Saint Olaf Ave, Northfield, MN 55057-1574 | MN | 1947-08 | $302,010 |
| 11 | Tibetan American Foundation Of Minnesota Inc | 1096 Raymond Ave, Saint Paul, MN 55108-1517 | MN | 1992-07 | $288,889 |
| 12 | Givens Foundation For African Amer Literature | 7151 York Ave S, Minneapolis, MN 55435-4418 | MN | 1973-12 | $286,361 |
| 13 | Sisu Heritage Inc | Po Box 127, Embarrass, MN 55732 | MN | 1990-11 | $40,567 |
| 14 | Swedish Council Of America Foundation | 3030 W River Pkwy, Minneapolis, MN 55406-2361 | MN | 1999-07 | $24,808 |
| 15 | Vietnamese Community Of Minnesota | PO BOX 40207, Saint Paul, MN 55104-8207 | MN | 2000-05 | $7,948 |
| 16 | Asian American Renaissance | 2313 Territorial Rd, Saint Paul, MN 55114-1613 | MN | 1993-05 | $0 |
| 17 | Celebrazione Italiana Festival Association | 3936 Goodwin Ave N, Oakdale, MN 55128-3021 | MN | 1999-03 | $0 |
| 18 | Heritagefest Inc | PO BOX 487, New Ulm, MN 56073 | MN | 1976-05 | $0 |
| 19 | Nasir Community Development Foundation Ncdf | 1400 Peterson Street, Marshall, MN 56258 | MN | 2003-12 | $0 |
| 20 | Umunne Cultural Association | P O Box 4736, St Paul, MN 55104 | MN | 1995-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,085 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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