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Sejong Academy

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Elementary, Secondary Education, K - 12 (B29) (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$6.18M (2023)

Expenses
$7.57M (2023)

Total Assets
$15.3M (2023)

Total Liabilities
$17.1M (2023)

Source: Form 990 tax filings from 2015 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,181,460
Expenses
$7,568,112
Net Income
-$1,386,652
Net Assets
-$1,832,224
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,104,813
98.8%
Program Services $44,393
0.7%
Investment Income $2,196
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $30,058
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $267,965
3.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,986,866
39.5%
Assets/Debt
Total Assets $15,309,190
Total Liabilities $17,141,414
Net Assets -$1,832,224
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Brad Tipka (Executive Director) $104,670 $0 $10,035
Hoonseok Oh (Member/Teacher) $58,819 $0 $6,014
Thomas Caron (Member/Teacher) $54,092 $0 $9,409
Pawku Hser (Member/Teacher) $18,190 $0 $2,023
Grace Lee (Chair) $0 $0 $0
Erik Funk (Treasurer) $0 $0 $0
Anna Carpenter (Member) $0 $0 $0
Donna Phillips (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,083,352
Expenses
$6,946,162
Net Income
-$862,810
Net Assets
-$445,572
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,076,270
99.9%
Program Services $5,124
0.1%
Investment Income $220
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,738
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $207,279
3.0%
Professional Fundraising Fees $0
Other Salaries and Wages $2,490,581
35.9%
Assets/Debt
Total Assets $16,720,903
Total Liabilities $17,166,475
Net Assets -$445,572
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Brad Tipka (Executive Director) $102,461 $0 $5,183
Thomas Caron (Member) $44,434 $0 $5,504
Hoonseok Oh (Member) $32,337 $0 $2,697
Grace Lee (Chair) $0 $0 $0
Erik Funk (Treasurer/Member) $0 $0 $0
Anna Carpenter (Member) $0 $0 $0
Donna Phillips (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,741,471
Expenses
$4,495,516
Net Income
$245,955
Net Assets
$417,238
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,723,734
99.6%
Program Services $5,521
0.1%
Investment Income $17
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $12,199
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $183,485
4.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,806,047
40.2%
Assets/Debt
Total Assets $3,353,866
Total Liabilities $2,936,628
Net Assets $417,238
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Brad Tipka (Executive Director) $104,540 $0 $14,247
Sean Pajack (Member/Teacher) $37,925 $0 $5,422
Jorden Carlson (Secretary/Teacher) $31,676 $0 $2,490
Hoonseok Oh (Member/Teacher) $16,740 $0 $1,361
Grace Lee (Chair) $0 $0 $0
Amy Britton (Member) $0 $0 $0
Erik Funk (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,780,828
Expenses
$3,527,074
Net Income
$253,754
Net Assets
$171,283
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,770,128
99.7%
Program Services $2,793
0.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $7,907
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $210,802
6.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,358,507
38.5%
Assets/Debt
Total Assets $2,896,839
Total Liabilities $2,725,556
Net Assets $171,283
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Brad Tipka (Executive Director) $89,376 $0 $11,636
Jihee Jina Kim (Member Teacher) $54,299 $0 $7,831
Jorden Carlson (Secretary Teacher) $51,461 $0 $6,994
Grace Lee (Chair) $0 $0 $0
Amy Britton (Member) $0 $0 $0
Erik Funk (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,969,803
Expenses
$2,950,689
Net Income
$19,114
Net Assets
-$82,471
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,951,060
99.4%
Program Services $18,743
0.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $233,352
7.9%
Professional Fundraising Fees $0
Other Salaries and Wages $657,746
22.3%
Assets/Debt
Total Assets $2,878,739
Total Liabilities $2,961,210
Net Assets -$82,471
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Brad Tipka (Executive Director) $83,295 $0 $11,636
Jiyoung Kim (Member Teacher) $49,648 $0 $7,535
Jihee Jina Kim (Member Teacher) $49,192 $0 $7,831
Jorden Carlson (Secretary Teacher) $42,964 $0 $6,994
Grace Lee (Chair) $0 $0 $0
Amy Britton (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,387,973
Expenses
$2,541,835
Net Income
-$153,862
Net Assets
-$101,585
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,387,897
100.0%
Program Services $76
0.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $220,527
8.7%
Professional Fundraising Fees $0
Other Salaries and Wages $337,347
13.3%
Assets/Debt
Total Assets $2,455,267
Total Liabilities $2,556,852
Net Assets -$101,585
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Brad Tipka (Executive Director) $77,594 $0 $10,984
Jinyoung Kim (Member Teacher) $43,000 $0 $7,384
Jihee Jina Kim (Member Teacher) $41,000 $0 $6,795
Jordan Carlson (Secretary Teacher) $36,463 $0 $3,509
Grace Lee (Chair) $0 $0 $0
Amy Britton (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,746,956
Expenses
$1,863,296
Net Income
-$116,340
Net Assets
$52,277
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,746,956
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $74,072
4.0%
Professional Fundraising Fees $0
Other Salaries and Wages $556,231
29.9%
Assets/Debt
Total Assets $1,565,023
Total Liabilities $1,512,746
Net Assets $52,277
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Brad Tipka (Executive Director) $72,627 $0 $9,280
Grace Lee (Chair) $0 $0 $0
Corbin Connell (Treasurer) $0 $0 $0
Jiyoung Kim (Member) $0 $0 $0
Dan Larson (Member) $0 $0 $0
Paw Boh Htoo (Member) $0 $0 $0
Sarah Bunton (Member) $0 $0 $0
Lisa Hill (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,244,450
Expenses
$1,149,181
Net Income
$95,269
Net Assets
$168,617
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,244,175
100.0%
Program Services $275
0.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $71,359
6.2%
Professional Fundraising Fees $0
Other Salaries and Wages $273,324
23.8%
Assets/Debt
Total Assets $607,530
Total Liabilities $438,913
Net Assets $168,617
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Brad Tipka (Executive Director) $71,359 $0 $0
Grace Lee (Chair) $0 $0 $0
Julie Chi (Secretary) $0 $0 $0
Corbin Connell (Treasurer) $0 $0 $0
Jiyoung Kim (Member) $0 $0 $0
Dan Larson (Member) $0 $0 $0
Paw Boh Htoo (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$931,858
Expenses
$858,510
Net Income
$73,348
Net Assets
$73,348
Notable Sources of Revenue Percent of Total Revenue
Contributions $920,404
98.8%
Program Services $11,454
1.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $24,849
2.9%
Professional Fundraising Fees $0
Other Salaries and Wages $287,847
33.5%
Assets/Debt
Total Assets $149,051
Total Liabilities $75,703
Net Assets $73,348
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Brad Tipka (Executive Director) $24,850 $0 $0
Grace Lee (Chair) $0 $0 $0
Julie Chi (Member) $0 $0 $0
Jisu Ryu (Member) $0 $0 $0
Moo Lor La (Member) $0 $0 $0
Dan Larson (Member) $0 $0 $0

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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