Nonprofit · EIN 95-3997999
KOREAN CHAMBER OF COMMERCE OF LOS ANGELES
Tax-exempt · LOS ANGELES, CA 90010
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $812,006 | $796,900 | $15,106 | $737,687 | $15,000 | $722,687 |
| June 30, 2024 | 990 | $720,620 | $717,719 | $2,901 | $736,508 | $16,043 | $720,465 |
| June 30, 2023 | 990 | $666,127 | $608,583 | $57,544 | $732,551 | $15,000 | $717,551 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $780,714
- Membership dues
- $181,000
- Program service revenue
- $0
- Investment income
- $31,292
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $61,572
- Salaries, compensation and benefits (total)
- $105,645
- Professional fundraising fees
- $0
- Accounting fees
- $2,425
- Occupancy
- $38,648
- Program services (functional)
- $663,738
- Management and general (functional)
- $133,162
Balance sheet and other
- Total assets, start of year
- $736,508
- Total assets, end of year
- $737,687
- Total liabilities, end of year
- $15,000
- Net assets, end of year
- $722,687
- Gross receipts
- $812,006
- Employees
- 1
- Volunteers
- 130
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DONGWAN DOUGLAS CHONG | PRESIDENT Officer | 10 | $0 |
| MINSEON KO | CFO Officer | 10 | $0 |
| YOON JAE PARK | SECRETARY Officer | 10 | $0 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAY H KIM | CFO Officer | 10 | $0 |
| KYUNG H KIM | SECRETARY Officer | 10 | $0 |
| PETER H KIM | PRESIDENT Officer | 10 | $0 |
990 for the year ended June 30, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALBERT J JANG | PRESIDENT Officer | 10 | $0 |
| SUNGHEON KANG | SECRETARY Officer | 10 | $0 |
| SOO PARK | CFO Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 3435 WILSHIRE BLVD STE 2450, LOS ANGELES, CA 90010-1936
- In care of
- % COMMERCE
- Principal officer (990 for 2024)
- DONGWAN DOUGLAS CHONG, 3435 WILSHIRE BLVD 2450, LOS ANGELES, CA 90010
- Signed the 990
- DONGWAN DOUGLAS CHONG, PRESIDENT
- Return prepared by
- DOW & SOHN CPAS PC
California records
California keeps its own records of charities and corporations. Search them by EIN 95-3997999 or by the name KOREAN CHAMBER OF COMMERCE OF LOS ANGELES.
- 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 THE GENERAL WELFARE OF THE KOREAN AMERICAN BUSINESS COMMUNITY IN THE GREATER LOS ANGELES AREA AND TO ENSURE AND FACILITATE THE INTERESTS AND GROWTH OF OUR MEMBERS.
Program accomplishments
- TO PROMOTE THE GENERAL WELFARE OF THE KOREAN AMERICAN BUSINESS COMMUNITY IN THE GREATER LOS ANGELES AREA AND TO ENSURE AND FACILITATE THE INTERESTS AND GROWTH OF OUR MEMBERS.
- TO PROMOTE THE GENERAL WELFARE OF THE KOREAN AMERICAN BUSINESS COMMUNITY IN THE GREATER LOS ANGELES AREA AND TO ENSURE AND FACILITATE THE INTERESTS AND GROWTH OF OUR MEMBERS.
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 95-3997999
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1996
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $737,687
- Income (IRS master file)
- $812,006
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $812,006 | $796,900 | $737,687 | IRS |
| 990 | June 2024 | $720,620 | $717,719 | $736,508 | XML |
| 990 | June 2023 | $666,127 | $608,583 | $732,551 | XML |
| 990 | June 2022 | $554,799 | $523,386 | $674,745 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 95-3997999).
Questions about KOREAN CHAMBER OF COMMERCE OF LOS ANGELES
- What is the EIN of KOREAN CHAMBER OF COMMERCE OF LOS ANGELES?
- The employer identification number (EIN) of KOREAN CHAMBER OF COMMERCE OF LOS ANGELES is 95-3997999.
- Is KOREAN CHAMBER OF COMMERCE OF LOS ANGELES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1996.
- Are donations to KOREAN CHAMBER OF COMMERCE OF LOS ANGELES tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does KOREAN CHAMBER OF COMMERCE OF LOS ANGELES 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 CHAMBER OF COMMERCE OF LOS ANGELES due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KOREAN CHAMBER OF COMMERCE OF LOS ANGELES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of KOREAN CHAMBER OF COMMERCE OF LOS ANGELES?
- The 990 for the year ended June 30, 2025 names DONGWAN DOUGLAS CHONG.
- Who are the officers and directors of KOREAN CHAMBER OF COMMERCE OF LOS ANGELES?
- The 990 for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does KOREAN CHAMBER OF COMMERCE OF LOS ANGELES have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $812,006, expenses of $796,900 and total assets of $737,687 at year end.
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