2025-10-06T15:30:05-05:00 2024-12-31 133628255 CONDON O'MEARA MCGINTY & DONNELLY LLP ONE BATTERY PARK PLAZA 7TH FL NEW YORK NY 10004 990 2024-01-01 521714111 THE KOREA SOCIETY KORE 2127597525 350 MADISON AVENUE 24TH FLOOR NEW YORK NY 10017 THOMAS BYRNE PRESIDENT 2127597525 2025-09-30 1 0 ALEXANDER LAZZARUOLO P01775353 2126617777 2024 2025-03-06 01:10:19Z THOMAS BYRNE 350 MADISON AVENUE 24TH FLOOR NEW YORK NY 10017 4717880 0 X WWW.KOREASOCIETY.ORG X 1990 DC STRENGTHENING THE BONDS OF AWARENESS, UNDERSTANDING & COOPERATION BETWEEN THE US & KOREA. 24 24 20 42 0 0 2347670 2324032 491326 419581 794123 1015160 -92292 -146611 3540827 3612162 246086 18000 0 0 1700758 1912625 0 0 743968 1808740 2053404 3755584 3984029 -214757 -371867 28678396 29283362 3383280 2604977 25295116 26678385 X SEE SCHEDULE O. 0 0 730126 MEDIA: SEE SCHEDULE O. 627325 18000 415367 EDUCATION: SEE SCHEDULE O. 475804 POLICY: SEE SCHEDULE O. 386384 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 419940 4214 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 22175 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. 828499 4214 2661754 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 58 0 1 20 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X X X HELEN CHO CONTROLLER 2127597525 350 MADISON AVENUE 24TH FLOOR NEW YORK NY 10017 KATHLEEN STEPHENS CHAIR 2.00 X X 0 0 0 CARTER BOOTH SECRETARY 2.00 X X 0 0 0 YOUNG CHOI TREASURER 2.00 X X 0 0 0 NICHOLAS BRATT DIRECTOR 2.00 X 0 0 0 MICHAEL BURKE DIRECTOR 2.00 X 0 0 0 VICTOR CHA DIRECTOR 2.00 X 0 0 0 JUN CHOI DIRECTOR 2.00 X 0 0 0 KYOUNGSIK CHOI DIRECTOR 2.00 X 0 0 0 SUSAN GREENWELL DIRECTOR 2.00 X 0 0 0 HARRY HARRIS DIRECTOR 2.00 X 0 0 0 HY HETHERINGTON DIRECTOR 2.00 X 0 0 0 OWEN JOE DIRECTOR 2.00 X 0 0 0 PIOUS JUNG DIRECTOR 2.00 X 0 0 0 SONG K JUNG DIRECTOR 2.00 X 0 0 0 ABRAHAM KIM DIRECTOR 2.00 X 0 0 0 ANTHONY KIM DIRECTOR 2.00 X 0 0 0 MEE KIM DIRECTOR 2.00 X 0 0 0 KEVIN LEE DIRECTOR 2.00 X 0 0 0 JUN BONG LEE DIRECTOR 2.00 X 0 0 0 MARK LIPPERT DIRECTOR 2.00 X 0 0 0 TAMI OVERBY DIRECTOR 2.00 X 0 0 0 WILLIAM R RHODES DIRECTOR 2.00 X 0 0 0 WALTER SHARP DIRECTOR 2.00 X 0 0 0 MICHAEL WOODS DIRECTOR 2.00 X 0 0 0 THOMAS J BYRNE PRESIDENT AND CEO 40.00 X 303066 0 18234 HYUN CHO FINANCIAL CONTROLLER 40.00 X 122702 0 7117 425768 0 25351 2 0 1 0 0 211271 712441 1400320 119000 2324032 KOREAN STUDIES 900099 415367 415367 CORPORATE PROGRAMS 900099 4214 4214 419581 990697 990697 779080 754617 24463 24463 24463 204490 712441 351101 -146611 -146611 3612162 419581 0 868549 18000 18000 321300 193981 60812 66507 1173043 708211 222021 242811 60211 36352 11396 12463 251994 152138 47695 52161 106077 64043 20077 21957 27150 27150 12875 12875 33450 22297 5011 6142 868280 573611 129429 165240 47483 32957 7560 6966 152714 100770 22792 29152 18534 13041 2514 2979 PROGRAM COSTS 722910 660030 62880 CONTRIBUTED AIRLINE TIC 97557 37390 60167 OTHER EXPENSES 60394 40992 7184 12218 EQUIP. RENTAL & MAINTEN 12057 7941 1791 2325 3984029 2661754 578307 743968 340035 510019 2259465 2161800 325234 50000 106278 26031 22914 29273 1646404 986607 771490 659797 21844725 23531636 3008255 2314806 28678396 29283362 124774 102483 3258506 2502494 3383280 2604977 X 12546729 12597298 12748387 14081087 25295116 26678385 28678396 29283362 -371867 1755136 0 X 0 1 X 1 0 X 2467306 3104291 3238679 2347670 2324032 13481978 2467306 3104291 3238679 2347670 2324032 13481978 5559763 7922215 436757 474517 597353 651417 990697 3150741 54900 54900 16687619 1575684 0.47470 0.49980 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2022 AMOUNT: $ 54,900. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 175260 X 0 15314860 2744769 832705 17226924 12888186 2799446 372772 15314860 15545155 -2351346 305623 12888186 12411266 42877 3096924 5912 15545155 18846492 45064 360753 6841043 12411266 0.19858 0.56219 0.23923 0 0 1180100 826072 354028 291044 160535 130509 175260 175260 659797 RIGHT TO USE ASSET 2314806 2314806 LEASE LIABILITY 2502494 2502494 5367298 1755136 1755136 3612162 0 3612162 3984029 0 3984029 0 3984029 PART III, LINE 4: THE ARTWORK SUPPORTS THE SOCIETY'S MISSION TO PROMOTE GREATER AWARENESS AND UNDERSTANDING BETWEEN AMERICANS AND KOREANS BY ORGANIZING TRAVELING EXHIBITIONS OF KOREAN ART TO AMERICAN UNIVERSITIES/GALLERIES AND OTHER FACILITIES. PART V, LINE 4: TEMPORARILY RESTRICTED ENDOWMENTS ARE THE EARNINGS FROM THE PERMANENT ENDOWMENT FUNDS TO SUPPORT THE PROGRAM EXPENSES THAT HAVE NOT YET SATISFIED THE DONORS' STIPULATIONS. THE BOARD DESIGNATED ENDOWMENT IS THE FUNDS SET ASIDE BY THE KOREA SOCIETY'S BOARD FOR LONG-TERM OPERATING PURPOSES. ANNUAL DINNER 771261 671361 99900 36027 118151 14085 58972 GOLF TOURNAMENT 145670 41080 104590 4000 61465 20433 37968 916931 712441 204490 4000 97492 138584 14085 96940 351101 -146611 0 TRAVEL EXPENSE 9 18000 FMV X X 0 0 0 0 0 0 0 0 0 THOMAS J BYRNE PRESIDENT AND CEO 303066 0 0 0 0 0 18234 0 0 0 321300 0 0 0 X AIRLINE E-TICKETS 91 119000 FMV 0 0 0 PART III, LINE 1 THE KOREA SOCIETY (THE "SOCIETY") IS A NONPROFIT, NONPARTISAN, 501(C)(3) ORGANIZATION WITH INDIVIDUAL AND CORPORATE MEMBERS THAT IS DEDICATED SOLELY TO THE PROMOTION OF GREATER AWARENESS, UNDERSTANDING AND COOPERATION BETWEEN THE PEOPLE OF THE UNITED STATES AND KOREA. IN PURSUIT OF ITS MISSION, THE SOCIETY ARRANGES PROGRAMS THAT FACILITATE DISCUSSION, EXCHANGES AND RESEARCH ON TOPICS OF VITAL INTEREST TO BOTH COUNTRIES IN THE AREAS OF PUBLIC POLICY, BUSINESS, EDUCATION, INTERCULTURAL RELATIONS AND THE ARTS. FUNDING FOR THESE PROGRAMS IS DERIVED FROM CONTRIBUTIONS, ENDOWMENTS, GRANTS, MEMBERSHIP DUES AND PROGRAM FEES. FROM ITS BASE IN NEW YORK CITY, THE SOCIETY SERVES AUDIENCES ACROSS THE COUNTRY THROUGH ITS OWN OUTREACH EFFORTS AND BY FORGING STRATEGIC ALLIANCES WITH COUNTERPART ORGANIZATIONS IN OTHER CITIES THROUGHOUT THE UNITED STATES AS WELL AS IN KOREA. PART III, LINE 4A MEDIA: SEE SCHEDULE O. MEDIA: IN 2024, THE KOREA SOCIETY CONTINUED TO MAKE SIGNIFICANT STRIDES IN THE REALMS OF WEB AND PRINT. WEB: CREATED A NUMBER OF VISUAL AND SECURITY UPDATES TO OUR WEBSITE. GENERATING AVERAGE OF 13K CLICKS AND 700K IMPRESSIONS ON A MONTHLY BASIS. PRINT: THE KOREA SOCIETY'S ANNUAL REPORT GARNERED INTERNATIONAL ACCLAIM ONCE AGAIN, CLINCHING BOTH THE GOLD VISION AWARD AND THE BRONZE ARC AWARD FOR THE BEST ANNUAL REPORT IN THE NON-PROFITS CATEGORY. NOTABLY, THE KIM KOO PROFESSIONAL SERIES BOOKLET MAINTAINED ITS PRODUCTION MOMENTUM THROUGH COLLABORATION WITH THE KIM KOO FOUNDATION AS WELL AS QUARTERLY DIGITAL PROGRAM CALENDARS, SPECIAL EVENTS AND GALLERY EXHIBITION PRINT MATERIALS. THE KOREA SOCIETY FURTHERED ITS PRESENCE IN BOTH PRINT AND DIGITAL MEDIA IN 2024. THE TOTAL NUMBER OF MEDIA HITS FROM JANUARY TO DECEMBER 1ST OF THIS YEAR WAS 686; A 30.7% INCREASE FROM 2023. MEDIA HITS INCLUDED COVERAGE ON SOCIETY PROGRAMS FROM ALL AREAS AND SPECIAL EVENTS SUCH AS THE ANNUAL DINNER. QUOTES AND COMMENTARY FROM SOCIETY LEADERSHIP, STAFF, AND BOARD MEMBERS WERE ALSO FEATURED PROMINENTLY IN THE MEDIA. IN MARCH, PRESIDENT TOM BYRNE WAS INTERVIEWED BY KOREA ECONOMIC DAILY IN RESPONSE TO CONCERNS AMONG KOREAN COMPANIES ABOUT POLICY RISKS RELATED TO THE U.S. PRESIDENTIAL ELECTION. IN NOVEMBER, PRESIDENT BYRNE WAS INTERVIEWED BY CHOSUN ILBO FOR HIS THOUGHTS ON THE POTENTIAL IMPACTS OF PRESIDENT-ELECT TRUMP'S SECOND TERM ON U.S.-KOREA RELATIONS. PRESIDENT BYRNE'S APPEARANCE AT THE OPENING OF THE REPUBLIC OF KOREA JEOLLANAM-DO GARDEN IN MANHATTAN AND THE KOREA SOCIETY'S COMPANION PROGRAM WITH JEOLLANAM-DO GOVERNOR KIM YOUNG-ROK IN OCTOBER RECEIVED HEAVY COVERAGE BY KOREAN MEDIA INCLUDING OUTLETS SUCH AS YONHAP AND MAEIL BUSINESS NEWSPAPER. THESE APPEARANCES IN WIDELY PUBLICIZED MEDIA REFLECT THE KOREA SOCIETY'S STANDING AS A PROMINENT AND RESPECTED SOURCE FOR ANALYSIS AND COMMENTARY. THE KOREA SOCIETY ENGAGES AN ACTIVE GLOBAL AUDIENCE THROUGH ITS ONLINE PRESENCE. FROM JANUARY 1 TO DECEMBER 18, 2024, THE SOCIETY'S WEBSITE RECEIVED 438,964 VISITORS, A 21.8% INCREASE FROM LAST YEAR. PODCAST DOWNLOADS REACHED A NEW HEIGHT OF 376,615. YOUTUBE SUBSCRIBERS JUMPED FROM 15,925 IN 2023 TO 19,374 IN 2024 12% HIGHER INCREASE THAN FROM 2022 TO 2023. YOUTUBE VIEWS ON OUR PROGRAMS TOTALED 238,502, A 36.9% INCREASE FROM THE YEAR PRIOR. THE SOCIETY'S SOCIAL MEDIA ACCOUNTS SHOW HIGH AUDIENCE ENGAGEMENT AND INTEREST ACROSS PROGRAM AREAS. THE SOCIETY'S LINKEDIN PAGE CONTINUES TO GROW RAPIDLY, ATTRACTING 5,746 FOLLOWERS, A 29.9% INCREASE FROM 2023. OUR TWITTER ACCOUNTS HAVE MAINTAINED OVER 33,300 FOLLOWERS, AND THE SOCIETY'S INSTAGRAM ACCOUNT HAS AMASSED OVER 9,734 FOLLOWERS AS OF DECEMBER 31, 2024. PART III, LINE 4B EDUCATION: IN 2024, THE SOCIETY'S EDUCATIONAL PROGRAMS OFFERED A VARIETY OF OPPORTUNITIES AND RESOURCES FOR INDIVIDUALS, EDUCATORS, AND STUDENTS FOCUSED ON ADVANCING KNOWLEDGE AND UNDERSTANDING OF KOREA IN THE US AND PROMOTING MUTUAL UNDERSTANDING AMONG THE PEOPLES OF BOTH COUNTRIES. THE SOCIETY'S EDUCATIONAL PROGRAMS IN 2024 INCLUDED THE FOLLOWING. THE SOCIETY'S KOREAN LANGUAGE PROGRAM, WHICH OFFERS AN EIGHT (8) LEVEL PROGRAM OVER FOUR TERMS A TEN-WEEK WINTER, SPRING AND FALL TERM AND AN EIGHT WEEK SUMMER TERM, CONTINUED TO HAVE ANOTHER VERY STRONG YEAR, ATTRACTING NEARLY 1,300 STUDENTS, MATCHING THE PREVIOUS YEAR'S RECORD-BREAKING NUMBERS OF STUDENTS HAILED FROM 40 STATES AND THE DISTRICT OF COLUMBIA AND 13 COUNTRIES. OUR PROJECT BRIDGE YOUTH AMBASSADOR PROGRAM, THE EDUCATION DEPARTMENT'S LONGEST-RUNNING PROGRAM, IS AN ACADEMIC YEAR-LONG PROGRAM FOR HIGH SCHOOL STUDENTS THAT AIMS TO ADVANCE PARTICIPANTS' UNDERSTANDING OF KOREA WHILE DEVELOPING THEIR LEADERSHIP SKILLS. OVER THE COURSE OF NINE (9) MONTHS IT PROVIDES BI-MONTHLY WORKSHOPS, A TEN-DAY STUDY TOUR TO KOREA AND COMMUNITY PRESENTATIONS WHICH ATTRACTED MANY ALUMNI, TEACHERS AND FAMILY MEMBERS. OUR GENERAL KOREAN STUDIES PROGRAMMING INCLUDED IN-PERSON HIGH SCHOOL GROUP WORKSHOPS WHERE IN 2024 AGAIN OUR REACH EXPANDED SIGNIFICANTLY. WE OFFERED THIRTEEN (13) WORKSHOPS, MORE THAN DOUBLING THE NUMBER OFFERED IN 2023. WE REACHED 443 STUDENTS AND EDUCATORS, A 35% INCREASE FROM 2023 (325) AND MORE THAN QUINTUPLED THE NUMBERS SINCE 2022 (75) WHICH WAS WHEN WE FIRST RETURNED TO OFFERING WORKSHOPS AFTER COVID. THE DEPARTMENT CONTINUED TO ADMINISTER THE SOCIETY'S PRESTIGIOUS RISING STAR AWARD, THE SHERMAN FAMILY KOREA EMERGING SCHOLAR LECTURE AWARD, GEARED TO PHD STUDENTS, YOUNG LECTURERS, RESEARCHERS, AND OTHERS IN THE FIELD WHICH INCLUDES TRAVEL AND LODGING TO NEW YORK TO OFFER THE LECTURE AND A $2,500 HONORARIUM. IN 2024, THE EDUCATION DEPARTMENT FULLY IMPLEMENTED THE UNDERGRADUATE KOREA STUDY ABROAD TRAVEL GRANT COMPETITION THAT WAS PILOTED IN FALL 2023. AS PART OF OUR COMMITMENT TO PROMOTING GREATER AWARENESS, UNDERSTANDING AND COOPERATION BETWEEN THE PEOPLE OF THE U.S. AND KOREA, WE CREATED THIS PROGRAM FOR UNDERFINANCED STUDENTS NEEDING ADDITIONAL MONIES TO COVER TRANSPORTATION COSTS. THIS 'TOPPING OFF' GRANT OF $2,000 WAS OFFERED TO TEN STUDENTS. IN 2024 THE DEPARTMENT HOSTED A NUMBER OF NEW GROUPS/COLLABORATIONS AT THE SOCIETY INCLUDING THE KYUNG-UH SCHOLARSHIP ASSOCIATION'S 14TH ANNUAL TEENS SPEAK SPEECH COMPETITION, THE KOREA AMERICA SCHOOL CONFERENCE (KASC-17) GROUP, STUDENTS AND FACULTY FROM JEONBUK NATIONAL UNIVERSITY, AND RETURNED PEACE CORPS VOLUNTEERS. AND WE CONTINUED TO ENHANCE OUR ONLINE RESOURCES FOR EDUCATORS. TOTAL NUMBER OF KOREAN LANGUAGE STUDENTS: 1,274 TOTAL NUMBER OF HIGH SCHOOL WORKSHOP: 13 IN-PERSON PARTICIPANTS: 443 TOTAL NUMBER OF EDUCATION COLLABORATIONS: 4 TOTAL NUMBER OF KOREAN STUDIES RESOURCES LANDING PAGE HITS: 4,200 PART III, LINE 4C POLICY: IN 2024, KOREA SOCIETY POLICY PROGRAMS EDUCATED THE SOCIETY'S MEMBERSHIP ON MATTERS RELATED TO THE U.S.-REPUBLIC OF KOREA (ROK) RELATIONSHIP, OUR COMMON VALUES, AND KOREA'S REGIONAL RELATIONS. A HIGHLIGHT FOR 2024 WAS A CONFERENCE HELD AT THE MAYFLOWER HOTEL IN WASHINGTON DC TO PROVIDE INSIGHTS ON THE FAST EVOLVING THREATS AND OPPORTUNITIES IMPACTING THE DYNAMIC U.S.-ROK RELATIONSHIP, INCLUDING A PANEL ON SECURITY, A PANEL ON DIPLOMACY, AND A KEYNOTE ADDRESS. THROUGHOUT THE YEAR, THE POLICY TEAM OFFERED A RANGE OF PUBLIC POLICY EVENTS TO SERVE AS A FORUM FOR EXCHANGE FEATURING EXPERIENCED AND KNOWLEDGEABLE SPEAKERS, ATTRACTING AN IN-PERSON AUDIENCE IN NEW YORK AND A GLOBAL AUDIENCE ONLINE. A ROUNDTABLE DIALOGUE SERIES CALLED THE KIM KOO PROFESSIONAL SERIES AT THE KOREA SOCIETY BROUGHT TOGETHER NEW YORK PROFESSIONALS FROM BUSINESS, MEDIA AND INTERNATIONAL ORGANIZATIONS FOR A TIMELY DISCUSSION OF EVENTS ON THE KOREAN PENINSULA AND IN EAST ASIA. THE SOCIETY HONORED U.S. VETERANS WITH AN ANNUAL ARMISTICE DAY SALUTE TO AMERICAN AND KOREAN AMERICAN VETERANS OF THE KOREAN WAR. TOTAL NUMBER OF PROGRAMS: 27 REGISTRANTS FOR ALL PROGRAMS: 6,352 YOUTUBE VIEWS FOR ALL PROGRAMS: 24,955 PODCAST DOWNLOADS FOR ALL PROGRAMS: 16,747 FORM 990, PART VI, SECTION A, LINE 4 DURING THE NOVEMBER 2024 BOARD MEETING, ORGANIZATION'S BOARD OF DIRECTORS APPROVED THE CHANGE TO BY-LAW ALLOWING THE CURRENT CHAIRPERSON AND NEWLY CREATED POSITION OF VICE CHAIRPERSON ONE MORE TERM AS A BOARD MEMBER IN ADDITION TO THE THREE-TERM LIMIT. FORM 990, PART VI, SECTION A, LINE 6 THE KOREA SOCIETY, INC. WAS INCORPORATED AS A MEMBERSHIP ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THERE SHALL BE A NOMINATING COMMITTEE CONSISTING OF 5 TO 7 DIRECTORS. ANY DIRECTOR MAY NOMINATE ANY DIRECTOR TO SERVE ON THE NOMINATING COMMITTEE. THE MEMBERS OF THE NOMINATING COMMITTEE SHALL BE ELECTED BY THE BOARD OF DIRECTORS, BY A MAJORITY VOTE OF DIRECTORS PRESENT, TO HOLD OFFICE UNTIL THE NEXT ANNUAL MEETING OR UNTIL THEIR SUCCESSORS ARE ELECTED AND QUALIFIED. VACANCIES ON THE NOMINATING COMMITTEE MAY BE FILLED BY THE BOARD OF DIRECTORS AT ANY MEETING. FORM 990, PART VI, SECTION A, LINE 7B ALL DECISIONS MADE BY THE EXECUTIVE COMMITTEE MUST BE APPROVED BY THE ENTIRE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT PROFESSIONAL ACCOUNTANT AND REVIEWED BY THE AUDIT COMMITTEE. AFTER THE AUDIT COMMITTEE MEMBERS' QUESTIONS ARE ANSWERED BY THE INDEPENDENT PROFESSIONAL ACCOUNTANT, A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C AT THE FIRST MEETING OF THE YEAR, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANY CONFLICT OF INTEREST, IF ANY, WITH THE SOCIETY. FORM 990, PART VI, SECTION B, LINE 15A THE NOMINATING COMMITTEE WILL CONSIST OF AN INDEPENDENT BOARD MEMBER REVIEW AND APPROVAL OF THE COMPENSATION OF THE SOCIETY'S TOP MANAGEMENT OFFICIALS BEFORE THE CHAIRMAN SIGNS THE EMPLOYMENT CONTRACT WITH THEM. FORM 990, PART VI, SECTION C, LINE 19 THE SOCIETY DOES NOT MAKE ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC.