Nonprofit · EIN 99-2901127
KOREAN FESTIVAL FOUNDATION INC
Tax-exempt · DULUTH, GA 30096
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $432,815 | $406,310 | $26,505 | $58,610 | $0 | $58,610 |
| December 31, 2024 | 990 | $368,022 | $335,917 | $32,105 | $32,105 | $0 | $32,105 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $211,562
- Membership dues
- $12,000
- Program service revenue
- $221,253
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $11,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $5,185
- Occupancy
- $45,167
- Program services (functional)
- $388,285
- Management and general (functional)
- $18,025
Balance sheet and other
- Total assets, start of year
- $32,105
- Total assets, end of year
- $58,610
- Total liabilities, end of year
- $0
- Net assets, end of year
- $58,610
- Net assets without donor restrictions
- $58,610
- Gross receipts
- $483,381
- Employees
- 0
- Volunteers
- 200
- Year formed
- 2024
- State of legal domicile
- GA
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHIN P KANG | OFFICER Officer | 40 | $0 |
990 for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHIN POM KANG | OFFICER Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 3775 VENTURE DRIVE, DULUTH, GA 30096-5102
- Signed the 990
- SHIN POM KANG, CEO
Mission
TO PROMOTE THE CULTURE AND HISTORY OF KOREA TO THE LOCAL AMERICAN COMMUNITY AND SECOND-GENERATION KOREAN AMERICANS. THE FOUNDATION SEEKS TO CONTRIBUTE TO THE DEVELOPMENT OF THE KOREAN-AMERICAN COMMUNITY IN THE UNITED STATES THROUGH CULTURAL PRESERVATION, EDUCATION, AND COMMUNITY ENGAGEMENT, WHILE REMAINING NEUTRAL IN POLITICAL AND RELIGIOUS MATTERS.
Program accomplishments
- TO PROMOTE THE CULTURE AND HISTORY OF KOREA TO THE LOCAL AMERICAN COMMUNITY AND SECOND-GENERATION KOREAN AMERICANS. THE FOUNDATION SEEKS TO CONTRIBUTE TO THE DEVELOPMENT OF THE KOREAN-AMERICAN COMMUNITY IN THE UNITED STATES THROUGH CULTURAL PRESERVATION, EDUCATION, AND COMMUNITY ENGAGEMENT, WHILE REMAINING NEUTRAL IN POLITICAL AND RELIGIOUS MATTERS.Expenses $372,258 · grants $11,000 · revenue $221,253
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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 99-2901127
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2025
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A23)
- Assets (IRS master file)
- $58,610
- Income (IRS master file)
- $432,815
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $432,815 | $406,310 | $58,610 | XML |
| 990 | December 2024 | $368,022 | $335,917 | $32,105 | XML |
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 99-2901127).
Questions about KOREAN FESTIVAL FOUNDATION INC
- What is the EIN of KOREAN FESTIVAL FOUNDATION INC?
- The employer identification number (EIN) of KOREAN FESTIVAL FOUNDATION INC is 99-2901127.
- Is KOREAN FESTIVAL FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
- Are donations to KOREAN FESTIVAL FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KOREAN FESTIVAL FOUNDATION INC 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 FESTIVAL FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KOREAN FESTIVAL FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of KOREAN FESTIVAL FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 1 person; 0 received compensation from the organization.
- How much revenue does KOREAN FESTIVAL FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $432,815, expenses of $406,310 and total assets of $58,610 at year end.
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