Nonprofit · EIN 20-2271667
KOREAN AMERICAN ECONOMIC CENTER INC
Tax-exempt · CITY OF INDUSTRY, CA 91748
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,000 | $1,200 | -$200 | $15,097 | $0 | $15,097 |
| December 31, 2024 | 990 | $1,000 | $1,150 | -$150 | $15,297 | $0 | $15,297 |
| December 31, 2023 | 990 | $6,000 | $2,200 | $3,800 | $15,447 | $0 | $15,447 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,000
- Membership dues
- $1,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,000
- Program services (functional)
- $200
- Management and general (functional)
- $1,000
Balance sheet and other
- Total assets, start of year
- $15,297
- Total assets, end of year
- $15,097
- Total liabilities, end of year
- $0
- Net assets, end of year
- $15,097
- Gross receipts
- $1,000
- Employees
- 0
- Volunteers
- 120
- Year formed
- 2005
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN SUH | CEO Officer | 10 | $0 |
| MARIA S CHUNG | SECRETARY Officer | 20 | $0 |
| CHI YOUNG YI | CFO Officer | 20 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN SUH | CEO Officer | 10 | $0 |
| MARIA S CHUNG | SECRETARY Officer | 20 | $0 |
| CHI YOUNG YI | CFO Officer | 20 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN SUH | CEO Officer | 10 | $0 |
| MARIA S CHUNG | SECRETARY Officer | 20 | $0 |
| CHI YOUNG YI | CFO Officer | 20 | $0 |
Address and contacts
- Address (IRS master file)
- 17870 CASTLETON STREET, CITY OF INDUSTRY, CA 91748-1755
- In care of
- % JOHN SUH
- Principal officer (990 for 2025)
- JOHN SUH, 13922 SUSQUEHANNA AVE, BALDWIN PARK, CA 91706
- Signed the 990
- JOHN SUH, PRESIDENT
- Phone
- (626) 333-5663
- Return prepared by
- Young Kim Cpa
California records
California keeps its own records of charities and corporations. Search them by EIN 20-2271667 or by the name KOREAN AMERICAN ECONOMIC CENTER INC.
- 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
KAEC IS TO ADVANCE A BETTER UNDERSTANDING OF SOCIO-ECONOMIC STATE OF THE KOREAN AMERICAN AS WELL AS THE MULTI ETHNIC POTENTIAL OF ASIAN AMERICAN COMMUNITIES TOWARD BUSINESS AND MULTICULTUAL COMMUNITIES.KAEDC IS CONDUCTING RELATED RESEARCH PROJECTS AND STUDIES,INTEGRATING RESOURCES AND COLLECTIVE INFORMATION,
Program accomplishments
- PRINTINGExpenses $200
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 20-2271667
- 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
- 2006
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S05)
- Assets (IRS master file)
- $15,097
- Income (IRS master file)
- $1,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,000 | $1,200 | $15,097 | IRS |
| 990 | December 2024 | $1,000 | $1,150 | $15,297 | XML |
| 990 | December 2023 | $6,000 | $2,200 | $15,447 | XML |
| 990 | December 2022 | $3,500 | $2,053 | $11,647 | 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 20-2271667).
Questions about KOREAN AMERICAN ECONOMIC CENTER INC
- What is the EIN of KOREAN AMERICAN ECONOMIC CENTER INC?
- The employer identification number (EIN) of KOREAN AMERICAN ECONOMIC CENTER INC is 20-2271667.
- Is KOREAN AMERICAN ECONOMIC CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to KOREAN AMERICAN ECONOMIC CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KOREAN AMERICAN ECONOMIC CENTER INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of KOREAN AMERICAN ECONOMIC CENTER 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 ECONOMIC CENTER 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 ECONOMIC CENTER INC?
- The 990 for the year ended December 31, 2025 names JOHN SUH.
- Who are the officers and directors of KOREAN AMERICAN ECONOMIC CENTER INC?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does KOREAN AMERICAN ECONOMIC CENTER INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,000, expenses of $1,200 and total assets of $15,097 at year end.
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