The Korea Center for Culture and
The Korea Center for Culture and is a private foundation focused on Arts, Culture & Humanities, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 3 grants totaling $16K. Net investment income was $47K.
Key facts about The Korea Center for Culture and
In short: The Korea Center for Culture and gave $16K across 3 grants in 2024 (avg $5K), mostly in New York. Source: 2024 IRS Form 990-PF.
- EIN
- 11-3530016
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $16,000
- Grants made (2024)
- 3
- Average grant
- $5,333
- Median grant
- $5,000
- Total assets
- $1,063,020
- Primary geography
- New York (94% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
+146.5% YoY
Annual Giving
$16K
-36.8% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$5K
-36.8% YoY
Under IRS private-foundation payout rules, The Korea Center for Culture and reported a distributable amount of $39K for 2024 — the minimum it must pay out in qualifying distributions.
How The Korea Center for Culture and gives
- In 2024 it paid out 41% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2024, annual grant giving ranged from $16K (2024) to $25K (2023). In 2024 it made 3 grants totaling $16K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Korea Youth Promotion Assocation of ($10K). Together the top 3 received $16K.
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 6 grants of 6 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Korea Youth Promotion Assocation of Flushing, NY | To Support Cultural Exchange Program | $10,000 |
| Esther Ha Foundation Bayside, NY | To Provide Mental Health Support | $5,000 |
| Asian Women's Christian Association Teaneck, NJ | To Support Social Services Education | $1,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2021 |
|---|---|---|---|
| Total Assets | $1,063,020 | $431,178 | $437,900 |
| Revenue | $558,239 | $116,797 | $23,389 |
| Expenses | $35,601 | $31,249 | $6,150 |
| Qualifying Distributions | $16,000 | $25,300 | — |
| Net Investment Income | $47,352 | $16,797 | $23,389 |
| Distributable Amount | $39,044 | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
The Korea Center for Culture and is led by Ryan Pak, President since 2024 (on filings since 2023); none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Ryan Pak
President
Treasurer → President, 2024
On filings since 2023
1 hr/week
No compensation reported
Agnes Kim
Trustee
On filings since 2020
0.5 hrs/week
No compensation reported
Leslie Hong Ai Bai
Trustee
On filings since 2020
0.5 hrs/week
No compensation reported
Albert Pak
Secretary
On filings since 2023
1 hr/week
No compensation reported
Former officers (2)
- Former: Changboh Chee (2020–2023) — President
- Former: Hiyol Yang (2020–2021) — Treasurer
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Korea Center for Culture and
How much does The Korea Center for Culture and give each year?
The Korea Center for Culture and gave $16K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $25K across 3 grants.
What is The Korea Center for Culture and's typical grant size?
The Korea Center for Culture and's median grant in 2024 was $5,000, and its average grant was $5,333, across 3 grants on its 2024 IRS Form 990-PF.
Where does The Korea Center for Culture and give grants?
The Korea Center for Culture and gives mostly in New York: 94% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New Jersey (6%).
Does The Korea Center for Culture and give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on The Korea Center for Culture and's 2024 IRS Form 990-PF were described as general or operating support.
How large is The Korea Center for Culture and?
The Korea Center for Culture and reported $1.1M in total assets on its 2024 IRS Form 990-PF. It paid out $16K in qualifying distributions that year, against a required minimum of $39K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The Korea Center for Culture and?
The Korea Center for Culture and is a private foundation focused on Arts, Culture & Humanities, based in New York, NY. It holds $1.1M in total assets as of 2024.
What is The Korea Center for Culture and's EIN?
The Korea Center for Culture and's EIN (Employer Identification Number) is 11-3530016. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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