Nonprofit · EIN 20-2761167
KOREA TOWN SENIOR AND COMMUNITY CENTER INC
Tax-exempt · LOS ANGELES, CA 90006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $834,853 | $513,186 | $321,667 | $2,508,074 | $39,339 | $2,468,735 |
| December 31, 2023 | 990 | $479,365 | $326,685 | $152,680 | $2,160,701 | $13,633 | $2,147,068 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $820,190
- Program service revenue
- $0
- Investment income
- $14,663
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $177,824
- Salaries, compensation and benefits (total)
- $191,896
- Professional fundraising fees
- $0
- Accounting fees
- $5,530
- Occupancy
- $48,031
- Depreciation
- $89,396
- Program services (functional)
- $89,396
- Management and general (functional)
- $423,790
Balance sheet and other
- Total assets, start of year
- $2,160,701
- Total assets, end of year
- $2,508,074
- Total liabilities, end of year
- $39,339
- Net assets, end of year
- $2,468,735
- Land, buildings and equipment
- $1,739,216
- Net assets without donor restrictions
- $2,468,735
- Gross receipts
- $834,853
- Employees
- 5
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JANICE Y CHUNG | TREASURER Trustee or director, Officer | – | $0 |
| HYUN OK LEE | PRESIDENT Trustee or director, Officer | – | $0 |
| YONG SIN SHIN | SECRETARY Trustee or director, Officer | – | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTINE CHUNG | TREASURER Trustee or director, Officer | – | $0 |
| BRAD LEE | SECRETARY Trustee or director, Officer | – | $0 |
| YONG SIN SHIN | PRESIDENT Trustee or director, Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 965 S NORMANDIE AVE 200, LOS ANGELES, CA 90006-1495
- In care of
- % YONG TAI LEE
- Principal officer (990 for 2024)
- HYUN OK LEE, 965 S NORMANDIE AVE STE 200, LOS ANGELES, CA 90006
- Signed the 990
- HYUN OK LEE, PRESIDENT
- Phone
- (213) 387-7733
- Return prepared by
- BENJAMIN KOO & CO CPA'S
California records
California keeps its own records of charities and corporations. Search them by EIN 20-2761167 or by the name KOREA TOWN SENIOR AND COMMUNITY 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
PUBLIC SERVICES TO SENIORS
Program accomplishments
- PUBLIC SERVICE TO SENIORS IN KOREA TOWN COMMUNITY
- PUBLIC SERVICE TO SENIORS IN KOREA TOWN COMMUNITYExpenses $89,396
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
- 20-2761167
- 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
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P80)
- Assets (IRS master file)
- $2,508,074
- Income (IRS master file)
- $834,853
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $834,853 | $513,186 | $2,508,074 | XML |
| 990 | December 2023 | $479,365 | $326,685 | $2,160,701 | XML |
| 990 | December 2022 | $357,194 | $291,265 | $2,000,032 | 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 20-2761167).
Questions about KOREA TOWN SENIOR AND COMMUNITY CENTER INC
- What is the EIN of KOREA TOWN SENIOR AND COMMUNITY CENTER INC?
- The employer identification number (EIN) of KOREA TOWN SENIOR AND COMMUNITY CENTER INC is 20-2761167.
- Is KOREA TOWN SENIOR AND COMMUNITY CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to KOREA TOWN SENIOR AND COMMUNITY CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KOREA TOWN SENIOR AND COMMUNITY CENTER 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 KOREA TOWN SENIOR AND COMMUNITY CENTER INC 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 KOREA TOWN SENIOR AND COMMUNITY CENTER INC 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 KOREA TOWN SENIOR AND COMMUNITY CENTER INC?
- The 990 for the year ended December 31, 2024 names HYUN OK LEE.
- Who are the officers and directors of KOREA TOWN SENIOR AND COMMUNITY CENTER INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does KOREA TOWN SENIOR AND COMMUNITY CENTER INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $834,853, expenses of $513,186 and total assets of $2,508,074 at year end.
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