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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 45-4685421

KOREAN-AMERICAN ASSOCIATION OF

Tax-exempt · QUEENS, NY 11358

Financials

$50K$37K2023$77K$42K2024
Revenue Expenses · by fiscal year end
Financials of KOREAN-AMERICAN ASSOCIATION OF by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$77,436$42,446$34,990$52,356–$52,356
December 31, 2023990-EZ$50,318$37,282$13,036$17,365–$17,365
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$77,436

Expenses

Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$1,000
Professional fees and payments to contractors
$1,200
Occupancy
$8,846
Printing, publications and postage
$4,666
Other expenses
$26,734
Program services (functional)
$25,470

Balance sheet and other

Total assets, start of year
$17,366
Total assets, end of year
$52,356
Total liabilities, end of year
–
Net assets, end of year
$52,356
Cash, savings and investments
$52,356
Gross receipts
$77,436

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
HYUN T LEEPRESIDENT0$0
JOOYEUL PARKBOARD MEMBER0$0
SUNHEE KIMBOAD MEMBER0$0
SEAN SUNGYUN KIMBOARD MEMBER0$0
SEUNG DAL HANBOARD MEMBER0$0
HYUN KYUNG CHOIBOARD MEMBER0$0
990-EZ for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
HYUN T LEEPRESIDENT0$0
JOOYEUL PARKBOARD MEMBER0$0
SUNHEE KIMBOAD MEMBER0$0
SEAN SUNGYUN KIMBOARD MEMBER0$0
SEUNG DAL HANBOARD MEMBER0$0
HYUN KYUNG CHOIBOARD MEMBER0$0

Address and contacts

Address (IRS master file)
163-07 DEPOT ROAD, QUEENS, NY 11358-2085
Signed the 990-EZ
HYUN T LEE, PRESIDENT
Phone
(718) 359-2514
Return prepared by
KANHO JUNG CPA PLLC

Mission

PROMOTING KOREAN AMERICANS' COMMOM GOOD AND CULTURE

990-EZ for the year ended December 31, 2024

Program accomplishments

  • WE HAVE MANAGED THE QUEEN LUNAR NEW YEAR PARADE WITH THE CHINESE COMMUNITY EVERY YEAR AND THE KOREAN THANKSGIVING DAY EVENT AND OTHERS. FUNDING IS USED FOR THE PLANNING, PREPARATION AND RUNNING OF THE EVENTS.
    Expenses $7,100
  • THE ORGANIZATION HOSTS VARIOUS KOREAN CULTURAL COMMUNITY EVENTS, PROVIDES VARIOUS KOREAN TRADITIONAL FOODS, AND PERFORMS KOREAN TRADITIONAL CULTURAL ACTIVITIES TO PROMOTE UNDERSTANDING THE KOREAN COMMUNITY TO OTHER COMUNITIES.
    Expenses $18,370

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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

File the 2025 990-EZ for KOREAN-AMERICAN ASSOCIATION OF

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
45-4685421
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2012
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$52,356
Income (IRS master file)
$77,436

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$77,436$42,446$52,356IRS
990-EZDecember 2023$50,318$37,282$17,365XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2018–––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 45-4685421).

Questions about KOREAN-AMERICAN ASSOCIATION OF

What is the EIN of KOREAN-AMERICAN ASSOCIATION OF?
The employer identification number (EIN) of KOREAN-AMERICAN ASSOCIATION OF is 45-4685421.
Is KOREAN-AMERICAN ASSOCIATION OF tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
Are donations to KOREAN-AMERICAN ASSOCIATION OF tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does KOREAN-AMERICAN ASSOCIATION OF file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of KOREAN-AMERICAN ASSOCIATION OF 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 KOREAN-AMERICAN ASSOCIATION OF 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 KOREAN-AMERICAN ASSOCIATION OF?
The 990-EZ for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does KOREAN-AMERICAN ASSOCIATION OF have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $77,436, expenses of $42,446 and total assets of $52,356 at year end.

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