Nonprofit · EIN 16-1643114
KOREAN-AMERICAN COMMUNITY FOUNDATION INC
Tax-exempt · NEW YORK, NY 10065
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $3,936,420 | $3,824,129 | $112,291 | $9,530,083 | $3,485,113 | $6,044,970 |
| December 31, 2024 | 990 | $8,471,216 | $6,339,018 | $2,132,198 | $10,354,740 | $4,572,470 | $5,782,270 |
| December 31, 2023 | 990 | $2,723,571 | $3,378,452 | -$654,881 | $5,839,524 | $2,193,220 | $3,646,304 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $3,953,907
- Program service revenue
- $0
- Investment income
- $284,528
- Net gain from sales of assets
- -$1,250
- Net income from fundraising events
- -$302,015
- Other revenue
- -$302,015
Expenses
- Grants and similar amounts paid
- $1,996,114
- Compensation of officers, directors and key employees
- $471,412
- Other salaries and wages
- $653,872
- Salaries, compensation and benefits (total)
- $1,324,778
- Professional fundraising fees
- $35,000
- Legal fees
- $18,572
- Accounting fees
- $64,046
- Occupancy
- $75,666
- Travel
- $47,538
- Depreciation
- $3,611
- Program services (functional)
- $2,799,496
- Management and general (functional)
- $442,826
- Fundraising (functional)
- $581,807
Balance sheet and other
- Total assets, start of year
- $10,354,740
- Total assets, end of year
- $9,530,083
- Total liabilities, end of year
- $3,485,113
- Net assets, end of year
- $6,044,970
- Land, buildings and equipment
- $92,682
- Publicly traded securities
- $1,643,927
- Net assets without donor restrictions
- $3,642,810
- Net assets with donor restrictions
- $2,402,160
- Gross receipts
- $5,203,986
- Employees
- 16
- Volunteers
- 50
- Year formed
- 2002
- State of legal domicile
- NY
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 | Other / benefits |
|---|---|---|---|---|
| KYUNG B YOON | PRESIDENT CEO Officer | 40 | $285,151 | $22,703 |
| BRENNAN GANG VICE PRESIDENT | OF PROGRAMS OPERATIONS Officer | 40 | $190,768 | $19,421 |
| ELIZABETH LEE | VICE PRESIDENT OF DEVELOPMENT Highest-paid employee | 40 | $135,942 | $0 |
| SARAH SONG | DIRECTOR OF DEVELOPMENT Highest-paid employee | 40 | $118,382 | $11,318 |
| JEANNIE PARK | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JOSEPHINE SHIN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DAVID K PARK | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL K CHUNG | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| JUDY KIM - RESIGNED BY DEC 2025 | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| LISA KIM | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| EDWARD J LEE | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| PHILLIP LEE | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| DAVID H LEE | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| CHRIS PARK - RESIGNED BY DEC 2025 | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| RICHARD PARK - RESIGNED BY DEC 2025 | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CATHY OH | DIRECTOR Trustee or director | 0.25 | $0 |
| JAMES SEO | DIRECTOR Trustee or director | 0.25 | $0 |
| JUMEE SONG | DIRECTOR Trustee or director | 0.25 | $0 |
| SUE KIM | DIRECTOR Trustee or director | 0.25 | $0 |
990 for the year ended December 31, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KYUNG B YOON | PRESIDENT CEO Officer | 40 | $262,116 | $9,927 |
| BRENNAN GANG VICE PRESIDENT | OF PROGRAMS OPERATIONS Officer | 40 | $198,383 | $20,512 |
| S STEVEN YANG | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| LISA KIM | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| CHUL PAK - RESIGNED ON JUNE 2024 | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| JEANNIE PARK | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| RICHARD PARK | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| MICHAEL K CHUNG | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| JUDY KIM | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| DAVID H LEE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DAVID K PARK | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| CATHY OH | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| PRISCA BAE - RESIGNED ON JUNE 2024 | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| CHRIS PARK | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| JAMES SEO | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| EDWARD J LEE | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| MICHAEL PARK | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| JUMEE SONG | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| JOSEPHINE SHIN | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| SUE KIM | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| PHIL LEE | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KYUNG B YOON | PRESIDENT Officer | 40 | $276,419 | $8,483 |
| BRENNAN GANG VICE PRESIDENT | OF PROGRAMS OPERATIONS Officer | 40 | $180,283 | $19,158 |
| S STEVEN YANG | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| ALEX CHI | DIRECTOR - RESIGNED ON 6/8/23 Trustee or director | 0.25 | $0 | $0 |
| LISA KIM | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| CHUL PAK | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| JEANNIE PARK | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| RICHARD PARK | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| MICHAEL K CHUNG | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| JUDY KIM | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| DAVID H LEE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DAVID K PARK | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| CATHY OH | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| PRISCA BAE | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| CHRIS PARK | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| JAMES SEO | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| EDWARD J LEE | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| MICHAEL PARK | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| JUMEE SONG | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| JOSEPHINE SHIN | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 135 EAST 64TH STREET 2ND FLOOR, NEW YORK, NY 10065-7045
- Principal officer (990 for 2025)
- KYUNG YOON, 135 EAST 64TH STREET 2ND FLOOR, NY, NY 10065
- Signed the 990
- KYUNG YOON, PRESIDENT CEO
- Phone
- (646) 878-9427
- Website
- WWW.KACFNY.ORG
- Return prepared by
- WINNIE TAM & CO PC
Mission
KACF PROVIDES GRANTS AND CAPACITY BUILDING ASSISTANCE TO ORGANIZATIONS WORKING TO ADDRESS THE MOST PRESSING NEEDS IN THE KOREAN AMERICAN COMMUNITY AND BEYOND. TO THE SUPPORTERS, KACF PROVIDES A WAY TO MAGNIFY THE IMPACT OF THEIR GIVING AND TO BUILD BRIDGES ACROSS GENERATIONS AND COMMUNITIES.
Program accomplishments
- THE KOREAN-AMERICAN COMMUNITY FOUNDATION, INC. KACF IS A NON-PROFIT ORGANIZATION THAT TRANSFORMS AND EMPOWERS COMMUNITIES THROUGH PHILANTHROPY, VOLUNTEERISM AND INTER-COMMUNITY BRIDGE BUILDING. KACF PURSUES THESE GOALS THROUGH GRANTMAKING THAT PROMOTES SELF-SUFFICIENCY FOR THE UNDERSERVED AND UNDER-RESOURCED, THROUGH RAISING AWARENESS OF NEEDS AND ISSUES, AND BY FOSTERING A CULTURE OF GIVING.Expenses $2,799,496 · grants $1,996,114
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 | 990 on file |
IRS record
- EIN
- 16-1643114
- 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
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $9,530,083
- Income (IRS master file)
- $5,203,986
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $3,936,420 | $3,824,129 | $9,530,083 | XML |
| 990 | December 2024 | $8,471,216 | $6,339,018 | $10,354,740 | XML |
| 990 | December 2023 | $2,723,571 | $3,378,452 | $5,839,524 | XML |
| 990 | December 2022 | $3,884,951 | $3,105,762 | $5,808,291 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 16-1643114).
Questions about KOREAN-AMERICAN COMMUNITY FOUNDATION INC
- What is the EIN of KOREAN-AMERICAN COMMUNITY FOUNDATION INC?
- The employer identification number (EIN) of KOREAN-AMERICAN COMMUNITY FOUNDATION INC is 16-1643114.
- Is KOREAN-AMERICAN COMMUNITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to KOREAN-AMERICAN COMMUNITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KOREAN-AMERICAN COMMUNITY 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-AMERICAN COMMUNITY 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-AMERICAN COMMUNITY 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 is the principal officer of KOREAN-AMERICAN COMMUNITY FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names KYUNG YOON.
- Who are the officers and directors of KOREAN-AMERICAN COMMUNITY FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 19 people; 4 received compensation from the organization, the highest $285,151 (KYUNG B YOON, PRESIDENT CEO).
- How much revenue does KOREAN-AMERICAN COMMUNITY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $3,936,420, expenses of $3,824,129 and total assets of $9,530,083 at year end.
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