Nonprofit · EIN 95-4432022
KOREAN AMERICAN MUSEUM INC
Tax-exempt · LOS ANGELES, CA 90020
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $36,151 | $133,434 | -$97,283 | $7,007,942 | $3,224,154 | $3,783,788 |
| December 31, 2023 | 990 | $53,543 | $153,822 | -$100,279 | $7,109,738 | $3,228,667 | $3,881,071 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $25,000
- Program service revenue
- $0
- Investment income
- $11,151
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $47,500
- Salaries, compensation and benefits (total)
- $54,764
- Professional fundraising fees
- $0
- Occupancy
- $11,671
- Travel
- $2
- Program services (functional)
- $42,677
- Management and general (functional)
- $81,775
- Fundraising (functional)
- $8,982
Balance sheet and other
- Total assets, start of year
- $7,109,738
- Total assets, end of year
- $7,007,942
- Total liabilities, end of year
- $3,224,154
- Net assets, end of year
- $3,783,788
- Publicly traded securities
- $2,733
- Net assets without donor restrictions
- $1,307,827
- Net assets with donor restrictions
- $2,475,961
- Gross receipts
- $36,151
- Employees
- 1
- Volunteers
- 0
- Year formed
- 1991
- 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 |
|---|---|---|---|
| Shinae Yoon | Executive Director Officer | 40 | $47,500 |
| Jae Min Chang | Chairman Trustee or director | 5 | $0 |
| Kay Song | Director Trustee or director | 1 | $0 |
| Hun Cha Lee | Director Trustee or director | 0 | $0 |
| John Lim | Secretary Trustee or director | 5 | $0 |
| Michelle Moon | Director Trustee or director | 0 | $0 |
| Byung Chan Ahn | Treasurer Trustee or director | 0 | $0 |
| Erina Shawnie Kwon | Director Trustee or director | 0 | $0 |
| David Ryu | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Shinae Yoon | Executive Director Officer | 40 | $95,000 |
| Jae Min Chang | Chairman Trustee or director | 5 | $0 |
| Kay Song | Director Trustee or director | 1 | $0 |
| Hun Cha Lee | Director Trustee or director | 0 | $0 |
| John Lim | Secretary Trustee or director | 5 | $0 |
| Michelle Moon | Director Trustee or director | 0 | $0 |
| Byung Chan Ahn | Treasurer Trustee or director | 0 | $0 |
| Erina Shawnie Kwon | Director Trustee or director | 0 | $0 |
| David Ryu | Director Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 3727 W 6TH ST STE 519, LOS ANGELES, CA 90020-5110
- Principal officer (990 for 2024)
- Byung C Ahn, 3727 West 6ht Street 519, Los Angeles, CA 90020
- Signed the 990
- Byung C Ahn, Treasurer
- Phone
- (213) 388-4229
- Website
- www.kanmuseum.org
- Return prepared by
- J McCaleb CPA Firm
California records
California keeps its own records of charities and corporations. Search them by EIN 95-4432022 or by the name KOREAN AMERICAN MUSEUM INC.
- 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
PRESERVE AND INTERPRET THE HISTORY, EXPERIENCES, CULTURE AND ACHIEVEMENTS OF AMERICANS OF KOREAN ANCESTRY.
Program accomplishments
- MUSEUM CONSTRUCTION: THE MUSEUM CONSTRUCTS THE PERMANENT FACILITY TO EXHIBIT KOREAN AMERICAN CULTURE, HISTORY AND ART.Expenses $42,677 · revenue $25,000
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 95-4432022
- 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
- 1993
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Arts, culture and humanities (A500)
- Assets (IRS master file)
- $7,007,942
- Income (IRS master file)
- $36,151
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $36,151 | $133,434 | $7,007,942 | XML |
| 990 | December 2023 | $53,543 | $153,822 | $7,109,738 | XML |
| 990 | December 2022 | $569,774 | $146,658 | $7,210,297 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | 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 95-4432022).
Questions about KOREAN AMERICAN MUSEUM INC
- What is the EIN of KOREAN AMERICAN MUSEUM INC?
- The employer identification number (EIN) of KOREAN AMERICAN MUSEUM INC is 95-4432022.
- Is KOREAN AMERICAN MUSEUM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to KOREAN AMERICAN MUSEUM INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KOREAN AMERICAN MUSEUM INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of KOREAN AMERICAN MUSEUM INC 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 MUSEUM INC 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 MUSEUM INC?
- The 990 for the year ended December 31, 2024 names Byung C Ahn.
- Who are the officers and directors of KOREAN AMERICAN MUSEUM INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $47,500 (Shinae Yoon, Executive Director).
- How much revenue does KOREAN AMERICAN MUSEUM INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $36,151, expenses of $133,434 and total assets of $7,007,942 at year end.
Other nonprofits in LOS ANGELES
- CRYSTAL STAIRS INC EIN 95-3510046 · last filed 990 for 2025
- LOS ANGELES PHILHARMONIC ASSOCIATION EIN 95-1696734 · last filed 990 for 2025
- MUSEUM ASSOCIATES EIN 95-2264067 · last filed 990 for 2025
- LUCAS MUSEUM OF NARRATIVE ART EIN 45-5600818 · last filed 990-PF for 2024
- LOS ANGELES COUNTY MUSEUM OF NATURAL HISTORY FOUNDATION EIN 95-6132185 · last filed 990 for 2025
- PERFORMING ARTS CENTER OF LOS ANGELES COUNTY EIN 95-2217011 · last filed 990 for 2025
- THE COLBURN SCHOOL EIN 95-2501387 · last filed 990 for 2025
- LOS ANGELES OPERA COMPANY EIN 95-2096402 · last filed 990 for 2025
All nonprofits in LOS ANGELES · California · Arts, culture and humanities