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THE KOREA SOCIETY
NEW YORK, NY · EIN 521714111 · Form 990 · FY2024 · NTEE Q200 · International Affairs · Medium ($1M-$10M)
revenue
$3.6M
expenses
$4.0M
net assets
$26.7M
employees
20
volunteers
42
program ratio
67%
mission · from form 990

STRENGTHENING THE BONDS OF AWARENESS, UNDERSTANDING & COOPERATION BETWEEN THE US & KOREA.

profile · synthesized from sources

The Korea Society, based in New York, promotes mutual awareness, understanding, and cooperation between the United States and Korea. The organization advances this mission through educational, cultural, and policy-related programs that engage diverse audiences. It operates as a nonprofit focused on U.S.-Korea relations within the international affairs sector.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $627K
    EDUCATION: SEE SCHEDULE O.
  2. #2 $476K
    POLICY: SEE SCHEDULE O.
named programs · 4 · from sources

What they call their work

Congressional Program
Facilitates dialogue between U.S. lawmakers and Korean counterparts on bilateral policy matters
Education
Offers public lectures, teacher training, and curriculum resources to enhance understanding of Korea in U.S. classrooms and communities
Media
Engages journalists and media professionals to improve coverage and public understanding of Korea-related issues
Policy
Convenes experts and officials to discuss U.S.-Korea relations, security, and economic cooperation through forums and briefings
activities · 1 group

What they do

  • Cultural Exchange and Mutual Understanding Programs 4 activities
    • Congressional engagement programs
      Conducts programs engaging congressional stakeholders to support cooperation and policy dialogue between the U.S. and Korea.
    • Educational programs on U.S.-Korea relations
      Conducts educational programs aimed at strengthening awareness and understanding between the United States and Korea, including through academic and cultural exchanges.
    • Media programs to promote U.S.-Korea relations
      Implements media-related initiatives that foster public understanding and engagement on U.S.-Korea relations.
    • Policy-focused programs on U.S.-Korea relations
      Conducts advocacy-oriented programs designed to advance bilateral relations between the U.S. and Korea through policy dialogue and analysis.
financials · form 990 · fy2024
revenue
Total revenue$3.61M
Contributions & grants$2.32M64%
Program service revenue$420K12%
Investment income$1.02M28%
Other revenue$-147K
expenses
Total expenses$3.98M
Program expenses67%
Admin / overhead15%
Fundraising19%
Salaries & benefits$1.91M
Grants paid out$18K
Largest expense lineCompensation
balance sheet
Total assets$29.28M
Cash$2.67M
Investments$23.53M
Liabilities$2.60M
Net assets$26.68M
Liquid reserves78.9 mo
5 years on record · 2020–2024 · YoY revenue +2.0%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 2
NameTitleHours/wkCompensation
THOMAS J BYRNE PRESIDENT AND CEO 40 $321K
HYUN CHO FINANCIAL CONTROLLER 40 $130K
board members · 23
  • ABRAHAM KIM — DIRECTOR
  • ANTHONY KIM — DIRECTOR
  • CARTER BOOTH — SECRETARY
  • HARRY HARRIS — DIRECTOR
  • HY HETHERINGTON — DIRECTOR
  • JUN BONG LEE — DIRECTOR
  • JUN CHOI — DIRECTOR
  • KATHLEEN STEPHENS — CHAIR
  • KEVIN LEE — DIRECTOR
  • KYOUNGSIK CHOI — DIRECTOR
  • MARK LIPPERT — DIRECTOR
  • MEE KIM — DIRECTOR
  • MICHAEL BURKE — DIRECTOR
  • MICHAEL WOODS — DIRECTOR
  • NICHOLAS BRATT — DIRECTOR
  • OWEN JOE — DIRECTOR
  • PIOUS JUNG — DIRECTOR
  • SONG K JUNG — DIRECTOR
  • SUSAN GREENWELL — DIRECTOR
  • TAMI OVERBY — DIRECTOR
  • VICTOR CHA — DIRECTOR
  • WALTER SHARP — DIRECTOR
  • WILLIAM R RHODES — DIRECTOR
strategies · 1

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.

  • Advancing U.S.-Korea Relations Through Multichannel Engagement
    methodology: multichannel_engagement
    By leveraging educational, media, policy, and congressional engagement channels, we deepen mutual understanding between the U.S. and Korea because sustained cross-sector dialogue fosters lasting bilateral relations.