Nonprofit · EIN 81-3400947
FRED T KOREMATSU INSTITUTE
Tax-exempt · SAN FRANCISCO, CA 94129
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $402,608 | $475,130 | -$72,522 | $313,772 | $62,805 | $250,967 |
| December 31, 2023 | 990 | $648,594 | $362,432 | $286,162 | $380,591 | $29,833 | $350,758 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $380,848
- of which government grants
- $82,526
- Program service revenue
- $21,755
- Investment income
- $5
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $92,083
- Other salaries and wages
- $135,200
- Salaries, compensation and benefits (total)
- $255,051
- Professional fundraising fees
- $0
- Accounting fees
- $13,294
- Occupancy
- $16,894
- Travel
- $19,508
- Program services (functional)
- $337,932
- Management and general (functional)
- $89,202
- Fundraising (functional)
- $47,996
Balance sheet and other
- Total assets, start of year
- $380,591
- Total assets, end of year
- $313,772
- Total liabilities, end of year
- $62,805
- Net assets, end of year
- $250,967
- Net assets without donor restrictions
- $22,380
- Net assets with donor restrictions
- $228,587
- Gross receipts
- $402,608
- Employees
- 4
- Volunteers
- 2
- Year formed
- 2016
- 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 |
|---|---|---|---|
| Karen Korematsu | Executive Director Officer, Highest-paid employee | 40 | $92,083 |
| Eric P Fournier | Director Trustee or director | 1 | $0 |
| Jacinta Titialii-Abbott | Director Trustee or director | 1 | $0 |
| Peggy Saika | Director Trustee or director | 1 | $0 |
| Jeffrey D Hsi | Board Chair Trustee or director, Officer | 1 | $0 |
| Andy Liu | Treasurer Trustee or director, Officer | 1 | $0 |
| Karen I Perkins | Secretary Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Karen Korematsu | Founder & Executive Director Officer | 40 | $92,083 |
| Jeffrey Hsi | Director Trustee or director | 1 | $0 |
| Eric Paul Fournier | Director Trustee or director | 1 | $0 |
| Jacinta Titialii-Abbott | Director Trustee or director | 1 | $0 |
| Andy Liu | Director Trustee or director | 1 | $0 |
| Peggy Saika | Board Chair Trustee or director, Officer | 1 | $0 |
| Karen Ijichi Perkins | Secretary Trustee or director, Officer | 1 | $0 |
| Steele Willinger | Treasurer Trustee or director, Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 29527, SAN FRANCISCO, CA 94129-0527
- In care of
- % KAREN A KOREMATSU
- Principal officer (990 for 2024)
- Karen Korematsu, PO Box 29527, San Francisco, CA 94129
- Signed the 990
- KAREN A KOREMATSU, President
- Phone
- (415) 775-1277
- Website
- korematsuinstitute.org
- Return prepared by
- Kwan & Co CPA Inc
California records
California keeps its own records of charities and corporations. Search them by EIN 81-3400947 or by the name FRED T KOREMATSU INSTITUTE.
- 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
To promote civic participation and education that advances racial equity, social justice, and human rights for all.
Program accomplishments
- In 2024, the Organization developed two versions of a new national traveling exhibition about the WWII Incarceration of Japanese Americans and other historic and modern-day events that parallel aspects of this history to encourage visitors to stand up for the rights of all Americans. The organization debuted the free-standing version at the annual conference of the National Council for the Social Studies, the largest professional association in the country devoted solely to social studies education. As part of its ongoing education work, the Organization released new lesson plans and continued to distribute its education toolkit to teachers free of charge, which includes a variety of resources for teachers to use with students in grades 3 and above. In addition, representatives from the Organization addressed audiences of all ages at a range of events across the country, from educator conference presentations and workshops to employee talks and public events.Expenses $337,932
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
- 81-3400947
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $313,772
- Income (IRS master file)
- $402,608
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $402,608 | $475,130 | $313,772 | XML |
| 990 | December 2023 | $648,594 | $362,432 | $380,591 | XML |
| 990 | December 2022 | $69,898 | $137,411 | $31,393 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 81-3400947).
Questions about FRED T KOREMATSU INSTITUTE
- What is the EIN of FRED T KOREMATSU INSTITUTE?
- The employer identification number (EIN) of FRED T KOREMATSU INSTITUTE is 81-3400947.
- Is FRED T KOREMATSU INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to FRED T KOREMATSU INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRED T KOREMATSU INSTITUTE 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 FRED T KOREMATSU INSTITUTE 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 FRED T KOREMATSU INSTITUTE 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 FRED T KOREMATSU INSTITUTE?
- The 990 for the year ended December 31, 2024 names Karen Korematsu.
- Who are the officers and directors of FRED T KOREMATSU INSTITUTE?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $92,083 (Karen Korematsu, Executive Director).
- How much revenue does FRED T KOREMATSU INSTITUTE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $402,608, expenses of $475,130 and total assets of $313,772 at year end.
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