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Nonprofit · EIN 23-7370901

HAWAII KOREAN CHAMBER OF COMMERCE

Tax-exempt · HONOLULU, HI 96804

Financials

$42K$24K2023$16K$101K2024
Revenue Expenses · by fiscal year end
Financials of HAWAII KOREAN CHAMBER OF COMMERCE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$16,027$100,555-$84,528$46,518–$46,518
December 31, 2023990-EZ$41,697$24,071$17,626$131,045–$131,045
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$14,711
Investment income
$1,316

Expenses

Grants and similar amounts paid
$88,700
Compensation of officers, directors and key employees
$0
Professional fees and payments to contractors
$2,619
Occupancy
$2,951
Printing, publications and postage
$379
Other expenses
$5,906
Program services (functional)
$93,760

Balance sheet and other

Total assets, start of year
$131,046
Total assets, end of year
$46,518
Total liabilities, end of year
–
Net assets, end of year
$46,518
Cash, savings and investments
$46,518
Gross receipts
$16,027

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-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
GINA K NAKAMURAPRESIDENT1$0
KYONG WON OHVICE-PRESIDE0.5$0
GRACE OGAWASECRETARY0.5$0
RYAN HAMADONTREASURER0.5$0
KAREN CHOEDIRECTOR0$0
DAEJIN KIMDIRECTOR0$0
JASON NAMDIRECTOR0$0
KIMBERLY PAFUNDIDIRECTOR0$0
SHANNON KIM HACKETTDIRECTOR0$0
990-EZ for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
GINA K NAKAMURAPRESIDENT0.5$0
KYONG WON OHVICE-PRESIDE0.5$0
GRACE OGAWASECRETARY0.5$0
RYAN HAMADONTREASURER0.5$0
KAREN CHOEDIRECTOR0$0
DAEJIN KIMDIRECTOR0$0
JASON NAMDIRECTOR0$0
KIMBERLY PAFUNDIDIRECTOR0$0
SHANNON KIM HACKETTDIRECTOR0$0

Address and contacts

Address (IRS master file)
PO BOX 2296, HONOLULU, HI 96804-2296
Signed the 990-EZ
GINA K NAKAMURA, PRESIDENT
Phone
(808) 523-3393
Return prepared by
TATSUGUCHI CPA LLC

Mission

TO ENHANCE BUSINESS OPPORTUNITIES FOR OUR MEMBERS BY PROMOTING KOREAN BUSINESS DIVERSITY AND GROWTH, CREATING ECONOMIC VITALITY WITHIN HAWAII AND INTERNATIONALLY.

990-EZ for the year ended December 31, 2024

Program accomplishments

  • THE ANNUAL KOREAN FESTIVAL IS ONE OF THE PREMIER CULTURAL EVENTS IN HAWAII, BRINGING TOGETHER A BROAD ARRAY OF LOCAL BUSINESSES, COMMUNITY GROUPS AND INDIVIDUAL VOLUNTEERS FROM THE KOREAN COMMUNITY IN A JOINT CELEBRATION OF THEIR UNIQUE HERITAGE.
    Expenses $91,117 · grants $88,700
  • HKCC PARTICIPATES IN THE ANNUAL STATE OF HAWAII DEPARTMENT OF BUSINESS, ECONOMIC DEVELOPMENT AND TOURISM (DBEDT) BUSINESS TRADE MISSION TO SOUTH KOREA. THE GOAL OF THE MISSION IS TO BROADEN AND DEEPEN HAWAII'S RELATIONSHIP WITH KOREA IN THE AREAS OF GOVERNMENT, BUSINESS, EDUCATION, TOURISM, ARCHITECTURAL AND TOURISM DEVELOPMENT SERVICES, TECHNOLOGY, AND CULTURE AND THE ARTS.
    Expenses $2,268
  • HKCC HOLDS NUMEROUS FINANCIAL PLANNING SEMINARS EACH YEAR FOR THE KOREAN COMMUNITY THROUGH THE HELP OF ITS DIRECTORS AND MEMBERS, WHO REPRESENT FIRMS SUCH AS MORGAN STANLEY DEAN WITTER, MERRILL LYNCH, AXA, AND EDWARD JONES. HKCC ALSO BENEFITS KOREAN SENIOR CITIZENS WITH SPECIAL SEMINARS, SUCH AS THE AARP SEMINAR ON MEDICARE.
  • THE HAWAII KOREAN CHAMBER OF COMMERCE (HKCC) MEMBERSHIP ENCOMPASSES A BROAD CROSS-SECTION OF BUSINESSES, PROFESSIONALS, AND ENTREPRENEURS. HKCC PROMOTES BUSINESS DEVELOPMENT, TRADE, AND TOURISM BETWEEN HAWAII AND KOREA THROUGH NON-RECURRING INNOVATIVE PROGRAMS NOT PREVIOUSLY LISTED.
    Expenses $375

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
23-7370901
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
1975
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$46,518
Income (IRS master file)
$16,027

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$16,027$100,555$46,518XML
990-EZDecember 2023$41,697$24,071$131,045XML
990December 2022$224,068$225,638$113,419IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2019–––IRS
990-EZDecember 2018–––IRS
990-EZDecember 2017–––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 23-7370901).

Questions about HAWAII KOREAN CHAMBER OF COMMERCE

What is the EIN of HAWAII KOREAN CHAMBER OF COMMERCE?
The employer identification number (EIN) of HAWAII KOREAN CHAMBER OF COMMERCE is 23-7370901.
Is HAWAII KOREAN CHAMBER OF COMMERCE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1975.
Are donations to HAWAII KOREAN CHAMBER OF COMMERCE tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does HAWAII KOREAN CHAMBER OF COMMERCE file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of HAWAII KOREAN CHAMBER OF COMMERCE due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did HAWAII KOREAN CHAMBER OF COMMERCE last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who are the officers and directors of HAWAII KOREAN CHAMBER OF COMMERCE?
The 990-EZ for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does HAWAII KOREAN CHAMBER OF COMMERCE have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $16,027, expenses of $100,555 and total assets of $46,518 at year end.

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