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Nonprofit · EIN 46-4444013

WASHINGTON STATE KOREAN-AMERICAN EDUCATION AND CULTURE FOUNDATION

Tax-exempt (reinstated) · MERCER ISLAND, WA 98040

Financials

$76K$119K2021$332K$52K2022$287K$28K2023
Revenue Expenses · by fiscal year end
Financials of WASHINGTON STATE KOREAN-AMERICAN EDUCATION AND CULTURE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
July 31, 2024990$287,120$28,480$258,640$1,153,133$0$1,153,133
July 31, 2023990$331,517$51,646$279,871$480,624$0$480,624
July 31, 2022990 (amended)$76,250$118,833-$42,583$200,753$0$200,753
Financial details: 990 for the year ended July 31, 2024

Revenue

Contributions, gifts and grants
$242,689
Program service revenue
$0
Investment income
$44,431
Other revenue
$0

Expenses

Grants and similar amounts paid
$5,000
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$8,104
Fundraising (functional)
$20,376

Balance sheet and other

Total assets, start of year
$480,624
Total assets, end of year
$1,153,133
Total liabilities, end of year
$0
Net assets, end of year
$1,153,133
Net assets without donor restrictions
$1,153,133
Gross receipts
$287,120
Employees
80
Volunteers
500
State of legal domicile
WA

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 for the year ended July 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
JENNIFER Y SOHNCHAIR BOARD
Trustee or director, Officer
10$0
JOSHUA LEEVICE CHAIR B
Trustee or director, Officer
10$0
KEVIN Y CHAEVICE CHAIR B
Trustee or director, Officer
10$0
YOUNGMI KIMTREASURER/SE
Trustee or director, Officer
10$0
WILL EUNKU CHUNGDIRECTOR
Trustee or director
10$0
JAE HOON KIMDIRECTOR
Trustee or director
10$0
BUWON YOONDIRECTOR
Trustee or director
10$0
TAI K YOUNDIRECTOR
Trustee or director
10$0
SEUNG J CHOUNGDIRECTOR
Trustee or director
10$0
JASON LEEDIRECTOR
Trustee or director
10$0
SEAN HK KIMDIRECTOR
Trustee or director
10$0
MINAH CHODIRECTOR
Trustee or director
10$0
JISUK JODIRECTOR
Trustee or director
10$0
990 for the year ended July 31, 2023: 12 people
NameTitleHours / weekCompensation
SIMONE KIMCHAIR BOARD
Trustee or director
15$0
JENNIFER Y SOHNVICE CHAIR B
Trustee or director, Officer
15$0
WILL EUNKU CHUNGDIRECTOR
Trustee or director
5$0
JAE HOON KIMDIRECTOR
Trustee or director
5$0
BUWON YOONDIRECTOR
Trustee or director
5$0
CHONG HAI BYUNDIRECTOR
Trustee or director
5$0
TAI K YOUNDIRECTOR
Trustee or director
5$0
SEUNG J CHOUNGDIRECTOR
Trustee or director
5$0
JOSHUA LEEDIRECTOR
Trustee or director
5$0
JASON LEEDIRECTOR
Trustee or director
5$0
SEAN HK KIMDIRECTOR
Trustee or director
5$0
YOUNGMI KIMTREASURER
Officer
–$0
990 for the year ended July 31, 2022: 12 people
NameTitleHours / weekCompensation
SIMONE KIMCHAIR BOARD
Trustee or director
–$0
JENNIFER Y SOHNVICE CHAIR B
Trustee or director, Officer
–$0
YOUNGMI KIMDIRECTOR
Trustee or director
5$0
WILL EUNKU CHUNGDIRECTOR
Trustee or director
–$0
JAE HOON KIMDIRECTOR
Trustee or director
–$0
BUWON YOONDIRECTOR
Trustee or director
–$0
CHONG HAI BYUNDIRECTOR
Trustee or director
–$0
TAI K YOUNDIRECTOR
Trustee or director
–$0
SEUNG J CHOUNGDIRECTOR
Trustee or director
–$0
JUNG HUN LEEDIRECTOR
Trustee or director
–$0
JASON LEEDIRECTOR
Trustee or director
–$0
SEAN HK KIMDIRECTOR
Trustee or director
–$0

Address and contacts

Address (IRS master file)
5619 W MERCER WAY, MERCER ISLAND, WA 98040-4840
Principal officer (990 for 2023)
JENNIFER Y SOHN
Signed the 990
JENNIFER Y SOHN, CHAIR BOARD
Return prepared by
ALISA S NA CPA

Mission

TO CULTIVATE GOOD CITIZENS WHO CAN CONTRIBUTE TO A PLURALISTIC CIVIL SOCIETY, AND TO WIDELY INTRODUCE THE KOREAN CULTURE TO AMERICAN SOCIETY THROUGH EDUCATION OF KOREAN LANGUAGE AND CULTURE.

990 for the year ended July 31, 2024

Program accomplishments

  • CULTIVATE GOOD CITIZENS WHO CAN CONTRIBUTE TO A PLURALISTIC SOCIETY, AND TO WIDELY INTRODUCE THE KOREAN CULTURE TO AMERICAN SOCIETY THROUGH EDUCATION OF KOREAN LANGUAGE AND CULTURE.
    Expenses $3,104
  • SUPPORTS THE ESTABLISHMENT OF DREAM TREE PRESCHOOL.
    Expenses $5,000 · grants $5,000

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 July, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025July 31, 2026December 15, 2026Not due yet
2024July 31, 2025December 15, 2025Not on file
2023July 31, 2024December 16, 2024990 on file

IRS record

EIN
46-4444013
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
2018
Accounting year ends
July
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,153,133
Income (IRS master file)
$287,120

Revocation and reinstatement

Exemption revoked
November 15, 2016
Posted by the IRS
March 13, 2017
Reinstated
Effective November 15, 2016

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990July 2024$287,120$28,480$1,153,133XML
990July 2023$331,517$51,646$480,624XML
990July 2022$76,250$118,833$200,753XML
990July 2021–––IRS
990-EZJuly 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 46-4444013).

Questions about WASHINGTON STATE KOREAN-AMERICAN EDUCATION AND CULTURE FOUNDATION

What is the EIN of WASHINGTON STATE KOREAN-AMERICAN EDUCATION AND CULTURE FOUNDATION?
The employer identification number (EIN) of WASHINGTON STATE KOREAN-AMERICAN EDUCATION AND CULTURE FOUNDATION is 46-4444013.
Is WASHINGTON STATE KOREAN-AMERICAN EDUCATION AND CULTURE FOUNDATION tax-exempt?
Yes. The IRS revoked its exemption on November 15, 2016 and reinstated it effective November 15, 2016.
Are donations to WASHINGTON STATE KOREAN-AMERICAN EDUCATION AND CULTURE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does WASHINGTON STATE KOREAN-AMERICAN EDUCATION AND CULTURE FOUNDATION 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 WASHINGTON STATE KOREAN-AMERICAN EDUCATION AND CULTURE FOUNDATION due?
The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did WASHINGTON STATE KOREAN-AMERICAN EDUCATION AND CULTURE FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended July 2024.
Who is the principal officer of WASHINGTON STATE KOREAN-AMERICAN EDUCATION AND CULTURE FOUNDATION?
The 990 for the year ended July 31, 2024 names JENNIFER Y SOHN.
Who are the officers and directors of WASHINGTON STATE KOREAN-AMERICAN EDUCATION AND CULTURE FOUNDATION?
The 990 for the year ended July 31, 2024 lists 13 people; 0 received compensation from the organization.
How much revenue does WASHINGTON STATE KOREAN-AMERICAN EDUCATION AND CULTURE FOUNDATION have?
On its 990 for the year ended July 31, 2024 it reported revenue of $287,120, expenses of $28,480 and total assets of $1,153,133 at year end.

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