Nonprofit · EIN 95-4576752
KOREAN INVESTORS & TRADERS ASSOCIATION
Tax-exempt · LOS ANGELES, CA 90010
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $400,930 | $361,399 | $39,531 | $49,321 | $36,026 | $13,295 |
| December 31, 2023 | 990 | $325,615 | $374,515 | -$48,900 | $47,563 | $74,515 | -$26,952 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $400,930
- Membership dues
- $260,081
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $67,426
- Salaries, compensation and benefits (total)
- $72,927
- Professional fundraising fees
- $0
- Occupancy
- $6,969
- Travel
- $2,998
- Depreciation
- $134
- Program services (functional)
- $240,861
- Management and general (functional)
- $120,538
Balance sheet and other
- Total assets, start of year
- $47,563
- Total assets, end of year
- $49,321
- Total liabilities, end of year
- $36,026
- Net assets, end of year
- $13,295
- Land, buildings and equipment
- $238
- Gross receipts
- $400,930
- Employees
- 1
- Year formed
- 1996
- 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 |
|---|---|---|---|
| JEONG AH CHUNG | SECRETARY Officer | 0 | $0 |
| SOO WAN LEE | CFO Officer | 0 | $0 |
| HYUNSOO SHIN | CEO Officer | 0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HYUNSOO SHIN | CEO Officer | 0 | $0 |
| SEOK JOON LEE | CFO Officer | 0 | $0 |
| JEONG AH CHUNG | SECRETARY Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 4801 WILSHIRE BLVD STE 275, LOS ANGELES, CA 90010-3882
- In care of
- % JEONG AH CHUNG
- Signed the 990
- JEONG AH CHUNG, SECRETARY
- Phone
- (323) 939-9500
- Return prepared by
- YOON HAN KIM & ASSOCIATES APC
California records
California keeps its own records of charities and corporations. Search them by EIN 95-4576752 or by the name KOREAN INVESTORS & TRADERS ASSOCIATION.
- 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 ENGAGE IN ANY LAWFUL ACT OR EXCHANGE INFORMATION ON BUSINESS ACTIVITIES
Program accomplishments
- THIS CORPORATION IS TO CONTRIBUTE INVEST AND TRADE PROMOTION AND MUTUAL BENEFIT BETWEEN KOREA AND AMERICA BY CULTIVATING FRIENDSHIP AND ENCOURAGING MEMBERS CLOSE COOPERATION WITH AMERICAN SOCIETY.Expenses $240,861 · revenue $400,929
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
- 95-4576752
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $49,321
- Income (IRS master file)
- $400,930
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $400,930 | $361,399 | $49,321 | XML |
| 990 | December 2023 | $325,615 | $374,515 | $47,563 | XML |
| 990 | December 2022 | $368,450 | $368,395 | $25,514 | 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 95-4576752).
Questions about KOREAN INVESTORS & TRADERS ASSOCIATION
- What is the EIN of KOREAN INVESTORS & TRADERS ASSOCIATION?
- The employer identification number (EIN) of KOREAN INVESTORS & TRADERS ASSOCIATION is 95-4576752.
- Is KOREAN INVESTORS & TRADERS ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1997.
- Are donations to KOREAN INVESTORS & TRADERS ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does KOREAN INVESTORS & TRADERS ASSOCIATION 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 INVESTORS & TRADERS ASSOCIATION 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 INVESTORS & TRADERS ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of KOREAN INVESTORS & TRADERS ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does KOREAN INVESTORS & TRADERS ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $400,930, expenses of $361,399 and total assets of $49,321 at year end.
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