Nonprofit · EIN 23-7245567
MINNESOTA KOREAN ASSOCIATION INC
Tax-exempt (reinstated) · SAINT PAUL, MN 55109
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $71,335 | $65,295 | $6,040 | $215,794 | $0 | $215,794 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $71,335
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $17,275
- Other expenses
- $48,020
- Program services (functional)
- $60,484
Balance sheet and other
- Total assets, start of year
- $209,754
- Total assets, end of year
- $215,794
- Total liabilities, end of year
- $0
- Net assets, end of year
- $215,794
- Cash, savings and investments
- $23,872
- Land and buildings
- $191,922
- Gross receipts
- $71,335
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Yong Hyeok Lee | PRESIDENT | 20 | $0 |
| Julian Gim | Vice President | 0 | $0 |
| Jae Hyun Park | Board Chair | 0 | $0 |
| Eunah Oh | Executive Director | 20 | $0 |
Address and contacts
- Address (IRS master file)
- 1331 COUNTY ROAD D CIR E, SAINT PAUL, MN 55109-6004
- Mailing address (990-N for 2024)
- 1331 County Road D Circle E, Vadnais Heights MN 55109
- Principal officer (990-N for 2024)
- YONG HYEOK LEE PRESIDENT, 1331 County Road D Circle E, Vadnais Heights MN 55109
- Signed the 990-EZ
- YONG HYEOK LEE PRESIDENT, PRESIDENT
- Phone
- (651) 440-9192
- Website
- http://www.mnkorea.org
- Return prepared by
- CORUS TAX SERVICE
Mission
Organized for Korean Community in MN
Program accomplishments
- Provide Korean curture program to public, especiallychildren and youth group.Expenses $60,484 · grants $71,335
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-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 23-7245567
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A23)
- Assets (IRS master file)
- $215,794
- Income (IRS master file)
- $71,335
Revocation and reinstatement
- Exemption revoked
- May 15, 2022
- Posted by the IRS
- October 19, 2023
- Reinstated
- Effective May 15, 2022
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $71,335 | $65,295 | $215,794 | IRS |
| 990-N for 2024 Officer: YONG HYEOK LEE PRESIDENT | December 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2023 Officer: Yong Hyeok Lee President | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2015 Officer: HYUN SOOK HAN President | December 31, 2015 | ≤ $50,000 receipts | – | – | e-Postcard |
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 23-7245567).
Questions about MINNESOTA KOREAN ASSOCIATION INC
- What is the EIN of MINNESOTA KOREAN ASSOCIATION INC?
- The employer identification number (EIN) of MINNESOTA KOREAN ASSOCIATION INC is 23-7245567.
- Is MINNESOTA KOREAN ASSOCIATION INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2022 and reinstated it effective May 15, 2022.
- Are donations to MINNESOTA KOREAN ASSOCIATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MINNESOTA KOREAN ASSOCIATION 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 MINNESOTA KOREAN ASSOCIATION 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 MINNESOTA KOREAN ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of MINNESOTA KOREAN ASSOCIATION INC?
- The 990-N for 2024 names YONG HYEOK LEE PRESIDENT.
- Who are the officers and directors of MINNESOTA KOREAN ASSOCIATION INC?
- The 990-EZ for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does MINNESOTA KOREAN ASSOCIATION INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $71,335, expenses of $65,295 and total assets of $215,794 at year end.
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