Nonprofit · EIN 99-0293085
THE KOREAN AMERICAN FOUNDATION HAWAII
Tax-exempt · HONOLULU, HI 96826
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $235,793 | $173,708 | $62,085 | $1,694,507 | $0 | $1,694,507 |
| December 31, 2023 | 990 | $221,770 | $350,912 | -$129,142 | $1,632,422 | $0 | $1,632,422 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $70,675
- of which government grants
- $40,000
- Program service revenue
- $0
- Investment income
- $165,118
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Travel
- $6,377
- Program services (functional)
- $140,655
- Management and general (functional)
- $33,053
Balance sheet and other
- Total assets, start of year
- $1,632,422
- Total assets, end of year
- $1,694,507
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,694,507
- Publicly traded securities
- $1,670,283
- Net assets without donor restrictions
- $1,694,507
- Gross receipts
- $235,793
- Employees
- 0
- Volunteers
- 12
- Year formed
- 1992
- State of legal domicile
- HI
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 |
|---|---|---|---|
| Edward J Shultz | Director Trustee or director | 2 | $0 |
| Gina Kim Nakamura | Director Trustee or director | 2 | $0 |
| Taeyong Kim | Secretary/Director Trustee or director, Officer | 2 | $0 |
| Myung Hyo Jang | Director Trustee or director | 2 | $0 |
| Francis C Park | President/Director Trustee or director, Officer | 2 | $0 |
| Ivan Chong | Vice-President/Director Trustee or director, Officer | 2 | $0 |
| Jeff Chung | Director Trustee or director | 2 | $0 |
| Rex Kim | Director Trustee or director | 2 | $0 |
| Kloe Kang | Director Trustee or director | 2 | $0 |
| Anne Chung | Treasurer/Director Trustee or director, Officer | 2 | $0 |
| Song K Choi | Director Trustee or director | 2 | $0 |
| Jae Young Lee | Director Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Edward J Shultz | Director Trustee or director | 2 | $0 |
| Gina Kim Nakamura | Vice-President/Director Trustee or director, Officer | 2 | $0 |
| Taeyong Kim | Secretary/Director Trustee or director, Officer | 2 | $0 |
| Myung Hyo Jang | Treasurer/Director Trustee or director, Officer | 2 | $0 |
| Francis C Park | President/Director Trustee or director, Officer | 2 | $0 |
| Ivan Chong | Director Trustee or director | 2 | $0 |
| Jeff Chung | Director Trustee or director | 2 | $0 |
| Rex Kim | Director Trustee or director | 2 | $0 |
| Kloe Kang | Director Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1649 KALAKAUA AVE, HONOLULU, HI 96826-2412
- In care of
- % R M TOWILL CORP
- Principal officer (990 for 2024)
- Francis Park, 1881 East-West Road, Honolulu, HI 968222322
- Signed the 990
- Francis C Park, President
- Phone
- (808) 206-2126
- Website
- www.kafoundationhi.org
- Return prepared by
- DC Tax Service
Mission
The association is organized to operate exclusively for charitable, scientific, literary, religious or educational purposes, within the meaning of Section 501(c)(3) of
Program accomplishments
- To promote the Korean Culture and Heritage: Hawaii Korean Chamber of Commerce - Korean Festival $35,000. Hawaii Korean Cultural Center - Taste of Korea 8th $2,000. J Wonder Co. Ltd .................................. $45,000. Korea Times Hawaii - Hanguel Festival ............. $3,500. Korean American Day 121th Celebration ............. $15,614. Korean Artists Association of Hawaii .............. $2,000. Korean Sports Association of Hawaii ............... $2,000. Korean War Memorial - 6.25 Wereth ................. $210. Korean Ministry of Patriots and Veterans Affairs .. $2,731. Korean National Liberation Day 79th ............... $8,139. Now Promotion - Public Screening Sponsor .......... $5,000. Pawaa In-Ha Park Reservation - Repairs .......... $2,000. Puuiki Korean Cemetery Project - Ceremony ........ $6,461. Songs of Love - Jin Young Won ..................... $10,000. The United Korean Association of Hawaii ........... $1,000.Expenses $140,655
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
- 99-0293085
- 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 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A230)
- Assets (IRS master file)
- $1,694,507
- Income (IRS master file)
- $235,793
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $235,793 | $173,708 | $1,694,507 | XML |
| 990 | December 2023 | $221,770 | $350,912 | $1,632,422 | XML |
| 990 | December 2022 | $67,594 | $114,544 | $1,761,563 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 99-0293085).
Questions about THE KOREAN AMERICAN FOUNDATION HAWAII
- What is the EIN of THE KOREAN AMERICAN FOUNDATION HAWAII?
- The employer identification number (EIN) of THE KOREAN AMERICAN FOUNDATION HAWAII is 99-0293085.
- Is THE KOREAN AMERICAN FOUNDATION HAWAII tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to THE KOREAN AMERICAN FOUNDATION HAWAII tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE KOREAN AMERICAN FOUNDATION HAWAII 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 THE KOREAN AMERICAN FOUNDATION HAWAII 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 THE KOREAN AMERICAN FOUNDATION HAWAII 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 THE KOREAN AMERICAN FOUNDATION HAWAII?
- The 990 for the year ended December 31, 2024 names Francis Park.
- Who are the officers and directors of THE KOREAN AMERICAN FOUNDATION HAWAII?
- The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does THE KOREAN AMERICAN FOUNDATION HAWAII have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $235,793, expenses of $173,708 and total assets of $1,694,507 at year end.
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