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KOREA MUSIC FOUNDATION INC

NYACK, NY · EIN 133255396 · Form 990EZ · FY2024 · NTEE A68 · Arts, Culture & Humanities · Small ($100K-$1M) · koreamusicfoundation.org
revenue
$154K
expenses
$141K
net assets
$66K
employees
program ratio
13%
mission · from form 990

TO STIMULATE PUBLIC INTEREST IN GOOD MUSIC, TO OFFER AN OPPORTUNITY TO THOSE INTERESTED IN MUSIC TO PERFORM MUSICAL COMPOSITIONS OF MERIT

profile · synthesized from sources

Korea Music Foundation is a New York-based nonprofit that promotes and debuts talented Korean classical musicians through performances at major venues like Carnegie Hall. Since 1984, it has supported over 70 young artists in their U.S. debuts and fosters public engagement with K-Classical music through concerts and masterclasses in New York City.

named programs · 3 · from sources

What they call their work

Annual Benefit Concert
Flagship fundraising event featuring acclaimed musicians, guest speakers, and honorees to support the next generation of artists
Master Classes
Hosts educational sessions with renowned musicians such as cellist Hayoung Choi to nurture emerging talent
Young Artist Debut Recitals
Supports over 70 rising Korean musicians with U.S. debut performances at Carnegie Hall and other major New York venues
activities · 3 groups

What they do

  • Classical and Chamber Music Performances 2 activities
    • Founding and managing a professional chamber ensemble
      Founded and manages Sejong Soloists, a premier chamber ensemble that performs on international stages, as part of its programming to promote high-quality musical performance.
    • Organizing classical music performances and debut recitals
      Organizes and presents classical music performances, including debut recitals for emerging Korean musicians, many of whom make their U.S. debut at prestigious venues such as Carnegie Hall. The foundation has hosted over 78 debut recitals and organized more than 248 recitals and events.
  • Live Music Performances & Concerts 2 activities
    • Selling tickets to musical events
      Sells tickets to foundation-organized musical events, with over 4,560 tickets sold to date.
    • Supporting musicians through performance opportunities
      Provides performance opportunities to rising and established musicians, particularly from Korea, supporting over 300 unique musicians worldwide and introducing more than 70 rising Korean artists to the New York stage.
  • Benefit Events for Arts and Culture 1 activity
    • Producing and presenting annual benefit concerts
      Produces and presents annual benefit concerts in support of its mission, including the 2025 Annual Gala Benefit Concert titled “Love Stories” held at The Yale Club in New York City.
financials · form 990EZ · fy2024
revenue
Total revenue$154K
Contributions & grants$154K100%
Program service revenue
Investment income
Other revenue
expenses
Total expenses$141K
Program expenses13%
Admin / overhead83%
Fundraising0%
Salaries & benefits
Grants paid out
Largest expense lineFacilities
balance sheet
Total assets$66K
Cash$53K
Investments$0
Liabilities$0
Net assets$66K
Liquid reserves4.5 mo
2 years on record · 2023–2024 · YoY revenue +15.6%
relationships · 5

Who they work with

  • Carnegie Hall Partner — Hosts annual performances and debut recitals at Carnegie Hall.
  • Carnegie Hall Partner — Venue for the Korea Music Foundation's debut recital featuring Jonghyun Park.
  • Korean Cultural Center New York Partner — Hosts annual performances and masterclasses at the Korean Cultural Center New York.
  • Sejong Soloists Partner — Launched and supported Sejong Soloists, a premier chamber ensemble.
  • Yale Club Partner — Venue host for the 2025 Annual Gala Benefit Concert.
strategies · 2

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Inclusive Fundraising Through Cultural Engagement
    methodology: inclusive_fundraising
    By combining live musical performances with fundraising and offering flexible donation options, the organization broadens access to support, because integrating culture and giving increases inclusivity and public participation.
  • Performance-Based Artist Development
    methodology: public_programming_for_artist_development
    By creating public performance opportunities and debut recitals, the organization advances musicians' careers and stimulates public interest in high-quality music, because live artistic exposure builds community engagement and professional visibility.