NonprofitsKorea Society

International, Foreign Affairs & National Security

Korea Society

NEW YORK, NY

Total revenue

$3.6M

Total expenses

$4.0M

Net assets

$26.7M

Grants received

$250K

25 grants

EIN

521714111

Tax year

2024

Mission

Strengthening the bonds of awareness, understanding & cooperation between the us & korea.

Programs

5 programs

Education: see schedule o.

Expenses: $627KGrants: $18K

Policy: see schedule o.

Expenses: $476K

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

Expenses: $386K

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

Expenses: $420K

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.

Expenses: $22K

Financials

FY 2024

Revenue

Contributions & grants$2.3M
Program service revenue$420K
Investment income$1.0M
Other revenue
Total revenue$3.6M

Expenses

Grants paid$18K
Salaries & benefits$1.9M
Fundraising$744K
Other expenses$2.1M
Total expenses$4.0M
Total assets$29.3M
Net assets$26.7M

People

26 listed

NameRoleCompensation

THOMAS J BYRNE

PRESIDENT AND CEO

Board

$303K

40 hrs/wk

YOUNG CHOI

TREASURER

Board

2 hrs/wk

NICHOLAS BRATT

DIRECTOR

Board

2 hrs/wk

MICHAEL BURKE

DIRECTOR

Board

2 hrs/wk

VICTOR CHA

DIRECTOR

Board

2 hrs/wk

JUN CHOI

DIRECTOR

Board

2 hrs/wk

KYOUNGSIK CHOI

DIRECTOR

Board

2 hrs/wk

SUSAN GREENWELL

DIRECTOR

Board

2 hrs/wk

HARRY HARRIS

DIRECTOR

Board

2 hrs/wk

HY HETHERINGTON

DIRECTOR

Board

2 hrs/wk

OWEN JOE

DIRECTOR

Board

2 hrs/wk

PIOUS JUNG

DIRECTOR

Board

2 hrs/wk

KATHLEEN STEPHENS

CHAIR

Board

2 hrs/wk

ABRAHAM KIM

DIRECTOR

Board

2 hrs/wk

ANTHONY KIM

DIRECTOR

Board

2 hrs/wk

MEE KIM

DIRECTOR

Board

2 hrs/wk

KEVIN LEE

DIRECTOR

Board

2 hrs/wk

JUN BONG LEE

DIRECTOR

Board

2 hrs/wk

MARK LIPPERT

DIRECTOR

Board

2 hrs/wk

TAMI OVERBY

DIRECTOR

Board

2 hrs/wk

WILLIAM R RHODES

DIRECTOR

Board

2 hrs/wk

WALTER SHARP

DIRECTOR

Board

2 hrs/wk

MICHAEL WOODS

DIRECTOR

Board

2 hrs/wk

SONG K JUNG

DIRECTOR

Board

2 hrs/wk

CARTER BOOTH

SECRETARY

Board

2 hrs/wk

HYUN CHO

FINANCIAL CONTROLLER

Staff

$123K

40 hrs/wk

Grants received

Showing 25 of 25

FromAmountPurposeYear
$20K
For grant recipient's exempt purposes
2023
$10K
OPERATING EXPENSES
2023
$10K
INTERNATIONAL, FOREIGN AFFAIRS
2023
$41K
For grant recipient's exempt purposes
2022
$6K
COMMUNITY OUTREACH & ENRICHMENT PROGRAMS
2021
$5K
For recipient's exempt purpose
2021
$8K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$1K
GENERAL SUPPORT
2020
$860
GENERAL OPERATING SUPPORT
2020
$565
GENERAL OPERATING SUPPORT
2019
$4K
GENERAL OPERATING SUPPORT
2018
$7K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017

Funded by

$250K from 12 funders · 25 grants · 2017–2024

Yt Hwang Family Foundation Inc

$111K · 5 grants · 2018–2023

Fidelity Investments Charitable Gift Fund

$68K · 3 grants · 2017–2023

Vanguard Charitable Endowment Program

$13K · 2 grants · 2020–2021

The Bgr Foundation Inc

$10K · 1 grant · 2023

Details

EIN521714111
NTEE codeQ200
Subsection03
Ruling date1991-06
Formed1990
Employees20
Volunteers42
KOREA SOCIETY — Mission, Financials & Grants Received | Grantivo