Nonprofit · EIN 95-4757314
LOS ANGELES KOREAN FESTIVAL FOUNDATION
Tax-exempt · LOS ANGELES, CA 90006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,446,553 | $1,476,901 | -$30,348 | $32,811 | $4,491 | $28,320 |
| December 31, 2023 | 990 | $1,361,136 | $1,301,991 | $59,145 | $98,720 | $52 | $98,668 |
| December 31, 2022 | 990 (amended) | $1,028,281 | $980,607 | $47,674 | $39,573 | $50 | $39,523 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,446,553
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $113,360
- Salaries, compensation and benefits (total)
- $122,466
- Professional fundraising fees
- $0
- Legal fees
- $43,621
- Accounting fees
- $17,370
- Occupancy
- $474,027
- Program services (functional)
- $1,186,734
- Management and general (functional)
- $290,167
Balance sheet and other
- Total assets, start of year
- $98,720
- Total assets, end of year
- $32,811
- Total liabilities, end of year
- $4,491
- Net assets, end of year
- $28,320
- Net assets without donor restrictions
- $28,320
- Gross receipts
- $1,446,553
- Employees
- 2
- Year formed
- 1999
- 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 |
|---|---|---|---|
| MOO HAN BAE | BOARD MEMBER Officer | – | $0 |
| ALEX M CHA | CEO Officer | – | $0 |
| YOUNG NAE LEE | SECRETARY Officer | – | $0 |
| BENEDICT J PAK | CFO Officer | – | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MOO HAN BAE | BOARD MEMBER Officer | – | $0 |
| ALEX M CHA | CEO Officer | – | $0 |
| YOUNG NAE LEE | SECRETARY Officer | – | $0 |
| BENEDICT J PAK | CFO Officer | – | $0 |
990 for the year ended December 31, 2022: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MOO HAN BAE | CEO Officer | – | $0 |
| AL CHOE | SECRETARY Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 965 S NORMANDIE AVE STE 102, LOS ANGELES, CA 90006-1496
- Principal officer (990 for 2024)
- ALEX M CHA, 965 S NORMANDIE AVE STE 102, LOS ANGELES, CA 90006
- Signed the 990
- ALEX M CHA, CEO
- Phone
- (213) 709-8149
- Website
- WWW.LAKOREANFESTIVAL.ORG
- Return prepared by
- MOUNTAIN LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 95-4757314 or by the name LOS ANGELES KOREAN FESTIVAL FOUNDATION.
- 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
PROMOTE COMMUNITY UNITY BY PROVIDING THE FESTIVAL AND CULTURE EVENTS.
Program accomplishments
- UNITY AMONG DIVERSFIED COMMUNITY THROUGH SHARING CURTURE EVENTS. TO OPERATE COMMUNITY FESTIVAL EVENT TO PROMOTE THE UNITY OF COMMUNITY.Expenses $1,186,734
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
- 95-4757314
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N52)
- Assets (IRS master file)
- $32,811
- Income (IRS master file)
- $1,446,553
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,446,553 | $1,476,901 | $32,811 | XML |
| 990 | December 2023 | $1,361,136 | $1,301,991 | $98,720 | XML |
| 990 | December 2022 | $1,028,281 | $980,607 | $39,573 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 95-4757314).
Questions about LOS ANGELES KOREAN FESTIVAL FOUNDATION
- What is the EIN of LOS ANGELES KOREAN FESTIVAL FOUNDATION?
- The employer identification number (EIN) of LOS ANGELES KOREAN FESTIVAL FOUNDATION is 95-4757314.
- Is LOS ANGELES KOREAN FESTIVAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2000.
- Are donations to LOS ANGELES KOREAN FESTIVAL FOUNDATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LOS ANGELES KOREAN FESTIVAL FOUNDATION 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 LOS ANGELES KOREAN FESTIVAL FOUNDATION 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 LOS ANGELES KOREAN FESTIVAL FOUNDATION 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 LOS ANGELES KOREAN FESTIVAL FOUNDATION?
- The 990 for the year ended December 31, 2024 names ALEX M CHA.
- Who are the officers and directors of LOS ANGELES KOREAN FESTIVAL FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does LOS ANGELES KOREAN FESTIVAL FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,446,553, expenses of $1,476,901 and total assets of $32,811 at year end.
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