Nonprofit · EIN 47-5175147
KOREAN AMERICAN CENTER
Tax-exempt · IRVINE, CA 92620
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $506,498 | $564,022 | -$57,524 | $233,573 | $107,468 | $126,105 |
| December 31, 2023 | 990 | $644,024 | $552,526 | $91,498 | $91,576 | $0 | $91,576 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $245,364
- of which government grants
- $5,000
- Program service revenue
- $261,134
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $67,500
- Other salaries and wages
- $20,816
- Salaries, compensation and benefits (total)
- $129,068
- Professional fundraising fees
- $0
- Legal fees
- $1,592
- Occupancy
- $45,691
- Travel
- $2,070
- Program services (functional)
- $564,022
Balance sheet and other
- Total assets, start of year
- $91,576
- Total assets, end of year
- $233,573
- Total liabilities, end of year
- $107,468
- Net assets, end of year
- $126,105
- Net assets without donor restrictions
- $238,625
- Net assets with donor restrictions
- -$112,520
- Gross receipts
- $506,498
- Employees
- 23
- Year formed
- 2015
- State of legal domicile
- CA
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tammy Kim | CEO Officer | 40 | $67,500 |
| Christian Shin | CFO Officer | 5 | $0 |
| Julee Sung | Secretary Officer | 5 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TAMMY KIM SHIN | CEO Officer | 40 | $59,063 |
| NAM HYEE KIM | Director | 40 | $56,152 |
| MIGYUNG LEE | Teacher | 40 | $54,082 |
| KUM SUN PAEK | Teacher | 40 | $41,081 |
| MINSUN CHOE | Teacher | 20 | $24,746 |
| JANG HEE CHO | CFO Officer | 5 | $0 |
| JI HOON JEON | Secretary Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 20 TRUMAN ST STE 100, IRVINE, CA 92620-5756
- Principal officer (990 for 2024)
- Tammy Kim, 20 Truman St Ste 100, Irvine, CA 92620
- Signed the 990
- Tammy Kim, CEO
- Phone
- (949) 535-3355
- Website
- KOREANAMERICANCENTER.ORG
- Return prepared by
- Ruben R Collaso
California records
California keeps its own records of charities and corporations. Search them by EIN 47-5175147 or by the name KOREAN AMERICAN CENTER.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
DEDICATED TO BUILDING CONNECTIONS BETWEEN INTERGENERATIONAL KOREAN-AMERICANS AND THE GREATER COMMUNITY BY PROMOTING OPPORTUNITIES FOR APPRECIATION OF KOREA'S RICH CULTURAL HERITAGE. WE AIM TO INTEGRATE OTHERS OF VARIOUS BACKGROUNDS THAT HAVE A COMMON INTEREST IN KOREA AND ITS CULTURE.
Program accomplishments
- PROMOTE KOREAN LANGUAGE LEARNING OPPORTUNITIES IN THE GREATER ORANGE COUNTY/SOUTHERN CALIFORNIA AREA BY PROVIDING A HIGH QUALITY KOREAN LANGUAGE PROGRAM FOR ADULTS.Expenses $298,088 · revenue $238,054
- CREATE OPPORTUNITIES FOR CULTURAL AWARENESS BY HOSTING A WEEKLY KOREAN/ENGLISH LANGUAGE AND CULTURAL EXCHANGE.Expenses $264,342 · revenue $268,444
- CITIZENSHIP N400 APPLICATION ASSISTANCE AND LEGAL REVIEW.Expenses $1,592
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-5175147
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A23)
- Assets (IRS master file)
- $233,573
- Income (IRS master file)
- $506,498
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $506,498 | $564,022 | $233,573 | XML |
| 990 | December 2023 | $644,024 | $552,526 | $91,576 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 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 47-5175147).
Questions about KOREAN AMERICAN CENTER
- What is the EIN of KOREAN AMERICAN CENTER?
- The employer identification number (EIN) of KOREAN AMERICAN CENTER is 47-5175147.
- Is KOREAN AMERICAN CENTER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to KOREAN AMERICAN CENTER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KOREAN AMERICAN CENTER 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 CENTER 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 CENTER last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of KOREAN AMERICAN CENTER?
- The 990 for the year ended December 31, 2024 names Tammy Kim.
- Who are the officers and directors of KOREAN AMERICAN CENTER?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $67,500 (Tammy Kim, CEO).
- How much revenue does KOREAN AMERICAN CENTER have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $506,498, expenses of $564,022 and total assets of $233,573 at year end.
Other nonprofits in IRVINE
- PACIFIC SYMPHONY EIN 95-3635496 · last filed 990 for 2025
- FLYING LEATHERNECK HISTORICAL FOUNDATION EIN 33-0345440 · last filed 990 for 2024
- ORANGE COUNTY MUSIC AND DANCE INC EIN 81-3275405 · last filed 990 for 2025
- IRVINE BARCLAY THEATRE OPERATING CO EIN 33-0157868 · last filed 990 for 2025
- PHILHARMONIC SOCIETY OF ORANGE COUNTY EIN 95-1805452 · last filed 990 for 2025
- PRETEND CITY THE CHILDRENS MUSEUM OF ORANGE COUNTY EIN 33-0761254 · last filed 990 for 2024
- LINCOLN MEDIA FOUNDATION INC EIN 86-3820336 · last filed 990 for 2024
- SOUTH COAST CHINESE CULTURAL ASSO EIN 95-3367525 · last filed 990 for 2025
All nonprofits in IRVINE · California · Arts, culture and humanities