Liberty in North Korea

Liberty in North Korea

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This is Jung Ha. She is one of over 500 North Korean refugees who has reached freedom through a rescue. Please donate to rescue and support refugees who need it now.

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Financials

>Overview
>Annual Reports
>100% MODEL

100% OF YOUR DONATION GOES TO PROGRAMS.

Our financial model was built to maximize the impact of every dollar you donate.

WE BELIEVE 100% of YOUR donation should fund our programs. We know that every dollar invested in LiNK is hard earned and thoughtfully given, so we maximize your gift by leveraging like-minded philanthropists, foundations, individuals, and companies to cover our operational expenses, which are equally as important but oftentimes harder to fundraise for. We call this community of people our Vision Donors.
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MEET A FEW VISION DONORS

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BLAINE VESS

  • Blaine Vess is the chairman of our board and an Internet entrepreneur living in Los Angeles, California.
  • "LiNK's team is unbelievably passionate about their beliefs and dedicated to the North Korean people. That passion combined with the professionalism, transparency, and stability of the organization gives me the confidence to donate.”
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THE MARX FAMILY

  • Hugo and Julia Marx run a family-owned business in the health services industry.
  • “This is the right cause at the right time for the world we live in. We are proud to support a responsive and smart organization like LiNK in its mission."
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PAUL SONG

  • Paul Song is a practicing radiation oncologist, healthcare activist, and biotech executive.
  • “I support LiNK because as the son of someone born in Pyongyang, I very much understand how lucky I am that my family did not have to grow up facing the tremendous hardship and oppression that those in North Korea still face. Each year, LiNK makes it possible for more and more North Koreans to find a new and better life through their tireless efforts and sacrifices. An investment in LiNK provides a priceless return for so many and I am proud to help make this happen.”

What is the difference between a program expense and an operational expense?

PROGRAM EXPENSE

We define a program expense in two ways:
1) The direct cost associated with each program
2) The support cost associated with each program
For instance, when we give an Educational Grant via our Empowerment Programs, the actual scholarship would be considered a direct cost. However, in order to determine whether or not a resettled North Korean is eligible or will receive a scholarship, they must go through a “due diligence” process with a LiNK staff member who will review their budget and financial situation, conduct an interview, and follow-up accordingly. The time (% of employee's salary) and resources (% of office usage, etc) spent on that process would be considered as a program support cost.

OPERATIONAL EXPENSE

We define an operational expense as the cost required to keep the organization running each day. These costs include items such as operational salaries, fundraising expenses, telecommunication and software services, and other expenses associated with building and maintaining our infrastructure.

2015 PROGRAM vs OPERATIONAL EXPENSES

You fund programs. Vision Donors fund operations.
  • Programs
    $1,831,499
    72%
  • Operations
    $713,156
    28%
  • TOTAL
    $2544,655
    100%

2015 OPERATIONAL EXPENSE BREAKDOWN

  • Fundraising
    $257,696
    36%
  • Management & General
    $455,460
    64%
  • TOTAL
    $713,156
    100%

* Operational expenses are fully funded by Vision Donors.

2012 - 2015 PROGRAM vs OPERATIONAL SPENDING BY YEAR

  • green_circlePrograms
  • grey_circleOperations
BOARD OF DIRECTORS
We are governed by a board of directors, which includes six leading industry professionals from various sectors.
INDUSTRY-STANDARD ACCOUNTING
Our financial statements are prepared in accordance with generally accepted accounting principles.
EXTERNAL AUDIT
We obtained an external audit, in accordance with industry-accepted auditing standards, by an independent public accounting firm, Onisko & Scholz.
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LiNK is a certified & trusted 501(c)(3) non-profit organization committed to financial transparency & responsible stewardship. We are a non-political, non-governmental organization & rely on your donations to fund our work.
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