Nonprofit · EIN 20-2534366
KOREAN CULTURAL CENTER OF CHICAGO
Tax-exempt · WHEELING, IL 60090
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,827,115 | $952,205 | $874,910 | $7,337,245 | $291,623 | $7,045,622 |
| December 31, 2023 | 990 | $2,015,448 | $657,105 | $1,358,343 | $6,378,586 | $207,874 | $6,170,712 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,741,661
- Program service revenue
- $40,196
- Investment income
- $45,258
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $234,150
- Salaries, compensation and benefits (total)
- $234,150
- Professional fundraising fees
- $0
- Legal fees
- $10,373
- Occupancy
- $15,840
- Travel
- $1,113
- Depreciation
- $118,378
- Program services (functional)
- $155,454
- Management and general (functional)
- $761,414
- Fundraising (functional)
- $35,337
Balance sheet and other
- Total assets, start of year
- $6,378,586
- Total assets, end of year
- $7,337,245
- Total liabilities, end of year
- $291,623
- Net assets, end of year
- $7,045,622
- Land, buildings and equipment
- $5,685,109
- Net assets without donor restrictions
- $6,485,167
- Net assets with donor restrictions
- $560,455
- Gross receipts
- $1,827,115
- Employees
- 2
- Volunteers
- 75
- Year formed
- 2005
- State of legal domicile
- IL
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 |
|---|---|---|---|
| KAY KIHWA RHO | EXECUTIVE DI Trustee or director, Officer | 40 | $78,795 |
| POONGJA LEE CHO | VICE PRESIDE Officer | 10 | $0 |
| MIRA IM | SECRETARY Officer | 3 | $0 |
| MIKYUNG KIM | TREASURER Officer | 10 | $0 |
| YOON TAE KIM | PRESIDENT Officer | 20 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAY KIHWA RHO | EXECUTIVE DI Trustee or director, Officer | 40 | $73,640 |
| POONGJA LEE CHO | VICE PRESIDE Officer | 10 | $0 |
| MIRA IM | SECRETARY Officer | 3 | $0 |
| MIKYUNG KIM | TREASURER Officer | 10 | $0 |
| YOON TAE KIM | PRESIDENT Officer | 20 | $0 |
Address and contacts
- Address (IRS master file)
- 9930 CAPITOL DR, WHEELING, IL 60090-7202
- Principal officer (990 for 2024)
- YOON TAE KIM, 9925 S CAPITOL DRIVE, WHEELING, IL 60090
- Signed the 990
- YOON TAE KIM, PRESIDENT
- Phone
- (847) 947-4460
- Website
- WWW.KCCOC.ORG
- Return prepared by
- PNJK PARTNERS LLP
Mission
THE PURPOSES SHALL BE: (1) TO DISCOVER, PRESERVE, AND DEVELOP KOREAN IMMIGRANTS' HISTORY AND KOREAN CULTURAL LEGACIES IN THE US, (2) TO ENHANCE THE UNDERSTANDING OF THE KOREAN CULTURE'S UNIQUENESS BY PROPAGATING AND EDUCATING KOREAN CULTURE TO KOREAN DESCENDANTS AND OTHER PEOPLE, (3) TO SERVE AS THE CENTER FOR COOPERATION AMONG ALL KOREAN-AMERICANS AND THEIR ORGANIZATIONS, AND (4) TO SUPPORT THE CULTURAL EXCHANGE AND NETWORKING BETWEEN KOREA AND THE US AND FACILITATE ANY OTHER CULTURAL ACTIVITIES.
Program accomplishments
- MAINTAIN THE CENTER AS COMMUNITY SPACES FOR SEVERAL CLASSES, CULTURAL EXHIBITION, AND COMMUNITY MEETINGS.Expenses $5,448
- SUPPORT COMMUNITY EVENTS AND HOLD KOREAN CULTURAL EVENTS.Expenses $6,445
- PROMOTE UNDERSTANDING OF KOREAN CULTURE, IDEAS AND TRADITIONS AND TO DISSEMINATE THE INFORMATION TO ALL INTERESTED PARTIES.Expenses $5,069
- OTHERExpenses $138,492
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
- 20-2534366
- 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
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A20)
- Assets (IRS master file)
- $7,337,245
- Income (IRS master file)
- $1,827,115
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,827,115 | $952,205 | $7,337,245 | XML |
| 990 | December 2023 | $2,015,448 | $657,105 | $6,378,586 | XML |
| 990 | December 2022 | $1,270,080 | $623,558 | $4,637,669 | IRS |
| 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 20-2534366).
Questions about KOREAN CULTURAL CENTER OF CHICAGO
- What is the EIN of KOREAN CULTURAL CENTER OF CHICAGO?
- The employer identification number (EIN) of KOREAN CULTURAL CENTER OF CHICAGO is 20-2534366.
- Is KOREAN CULTURAL CENTER OF CHICAGO tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to KOREAN CULTURAL CENTER OF CHICAGO tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KOREAN CULTURAL CENTER OF CHICAGO 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 CULTURAL CENTER OF CHICAGO 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 KOREAN CULTURAL CENTER OF CHICAGO 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 KOREAN CULTURAL CENTER OF CHICAGO?
- The 990 for the year ended December 31, 2024 names YOON TAE KIM.
- Who are the officers and directors of KOREAN CULTURAL CENTER OF CHICAGO?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $78,795 (KAY KIHWA RHO, EXECUTIVE DI).
- How much revenue does KOREAN CULTURAL CENTER OF CHICAGO have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,827,115, expenses of $952,205 and total assets of $7,337,245 at year end.
Other nonprofits in WHEELING
- WHEELING INSTRUMENTAL LEAGUE OF WHEELING HIGH SCHOOL EIN 23-7166094 · last filed 990-EZ for 2025
- QUINTET ATTACCA NFP EIN 26-3427252 · last filed 990-N for 2024
- SALON FOR BULGARIAN CULTURE AND SPIRIT INC EIN 82-1423365 · last filed 990-N for 2025
- CONFEDERATION OF BULGARIAN ORGANIZATIONS AND ACTIVISTS ABROAD EIN 88-0930595 · last filed 990-N for 2025
- ENSEMBLE HORO EIN 27-3568011 · last filed 990-N for 2025
- CHICAGO RHINOS BASEBALL ASSOCIATION EIN 46-5325516 · last filed 990-N for 2025
- KOREAN AMERICAN HERITAGE SOCIETY EIN 80-0942917 · last filed 990-N for 2024
- JAM ORCHESTRA EIN 83-3881600 · last filed 990-N for 2025
All nonprofits in WHEELING · Illinois · Arts, culture and humanities