Nonprofit · EIN 01-0832008
KOREAN AMERICAN BUDDHIST SCHOLARSHIP FOUNDATION INC
Tax-exempt (reinstated) · FORT LEE, NJ 07024
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| January 31, 2026 | 990-PF | $2,072 | $2,850 | -$778 | $51,556 | $0 | $51,556 |
| January 31, 2025 | 990-PF | $3,605 | $10,887 | -$7,282 | $52,334 | $0 | $52,334 |
| January 31, 2024 | 990-PF | $1,867 | $5,708 | -$3,841 | $59,616 | $0 | $59,616 |
Financial details: 990-PF for the year ended January 31, 2026
Revenue
- Interest
- $2,072
Expenses
- Grants and similar amounts paid
- $2,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Disbursements for charitable purposes
- $2,850
Balance sheet and other
- Total assets, start of year
- $52,334
- Total assets, end of year
- $51,556
- Total liabilities, end of year
- $0
- Net assets, end of year
- $51,556
- Fair market value of assets
- $51,556
- Qualifying distributions
- $2,850
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended January 31, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Young Sook Choi 200 OLD PALISADE RD APT 6G, Apt 6G, FORT LEE, NJ 070247058 | Director | 0.5 | $0 |
| Eric Choi 1 Columbus Place, Apt S42D, New York, NY 10019 | Director | 0.5 | $0 |
| Justin Choi 485 WILLOW ROAD, WINNETKA, IL 60093 | Director | 0.5 | $0 |
990-PF for the year ended January 31, 2025: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Young Sook Choi 200 OLD PALISADE RD APT 6G, Apt 6G, FORT LEE, NJ 070247058 | Director | 0.5 | $0 |
| Eric Choi 675 W 59th Street, New York, NY 10019 | Director | 0.5 | $0 |
| Justin Choi 485 WILLOW ROAD, WINNETKA, IL 60093 | Director | 0.5 | $0 |
990-PF for the year ended January 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Young Sook Choi 200 OLD PALISADE RD APT 6G, Apt 6G, FORT LEE, NJ 070247058 | Director | 0.5 | $0 |
| Eric Choi 675 W 59th Street, New York, NY 10019 | Director | 0.5 | $0 |
| Justin Choi 485 WILLOW ROAD, WINNETKA, IL 60093 | Director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 200 OLD PALISADE RD APT 6G, FORT LEE, NJ 07024-7058
- In care of
- % YOUNG SOOK CHOI
- Signed the 990-PF
- Justin Choi, Director
- Phone
- (630) 280-9834
- Website
- www.kabsf.net
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in January, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | January 31, 2026 | June 15, 2026 | 990-PF on file |
| 2024 | January 31, 2025 | June 16, 2025 | 990-PF on file |
| 2023 | January 31, 2024 | June 17, 2024 | 990-PF on file |
IRS record
- EIN
- 01-0832008
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2020
- Accounting year ends
- January
- Files
- Form 990-PF
- Category (NTEE)
- Religion-related (X50)
- Assets (IRS master file)
- $51,556
- Income (IRS master file)
- $2,072
Revocation and reinstatement
- Exemption revoked
- June 15, 2014
- Posted by the IRS
- September 8, 2014
- Reinstated
- Effective June 15, 2014
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | January 2026 | $2,072 | $2,850 | $51,556 | XML |
| 990-PF | January 2025 | $3,605 | $10,887 | $52,334 | XML |
| 990-PF | January 2024 | $1,867 | $5,708 | $59,616 | XML |
| 990-PF | January 2023 | – | – | – | IRS |
| 990-PF | January 2022 | – | – | – | IRS |
| 990-PF | January 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0832008).
Questions about KOREAN AMERICAN BUDDHIST SCHOLARSHIP FOUNDATION INC
- What is the EIN of KOREAN AMERICAN BUDDHIST SCHOLARSHIP FOUNDATION INC?
- The employer identification number (EIN) of KOREAN AMERICAN BUDDHIST SCHOLARSHIP FOUNDATION INC is 01-0832008.
- Is KOREAN AMERICAN BUDDHIST SCHOLARSHIP FOUNDATION INC tax-exempt?
- Yes. The IRS revoked its exemption on June 15, 2014 and reinstated it effective June 15, 2014.
- Are donations to KOREAN AMERICAN BUDDHIST SCHOLARSHIP FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KOREAN AMERICAN BUDDHIST SCHOLARSHIP FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KOREAN AMERICAN BUDDHIST SCHOLARSHIP FOUNDATION INC due?
- The return for tax year 2026 (the year ending January 31, 2027) is due June 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KOREAN AMERICAN BUDDHIST SCHOLARSHIP FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended January 2026.
- Who are the officers and directors of KOREAN AMERICAN BUDDHIST SCHOLARSHIP FOUNDATION INC?
- The 990-PF for the year ended January 31, 2026 lists 3 people; 0 received compensation from the organization.
- How much revenue does KOREAN AMERICAN BUDDHIST SCHOLARSHIP FOUNDATION INC have?
- On its 990-PF for the year ended January 31, 2026 it reported revenue of $2,072, expenses of $2,850 and total assets of $51,556 at year end.
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