Nonprofit · EIN 23-7275374
KOREAN AMERICAN EDUCATION FOUNDATION
Tax-exempt · LAUREL, MD 20707
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,065,283 | $323,447 | $741,836 | $1,830,885 | $0 | $1,830,885 |
| June 30, 2024 | 990 | $373,272 | $303,852 | $69,420 | $1,089,049 | $0 | $1,089,049 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $62,500
- of which government grants
- $62,500
- Program service revenue
- $269,420
- Investment income
- $719,318
- Net income from fundraising events
- $14,045
- Other revenue
- $14,045
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $150,699
- Salaries, compensation and benefits (total)
- $151,433
- Professional fundraising fees
- $0
- Accounting fees
- $1,100
- Occupancy
- $89,361
- Program services (functional)
- $318,531
- Fundraising (functional)
- $4,916
Balance sheet and other
- Total assets, start of year
- $1,089,049
- Total assets, end of year
- $1,830,885
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,830,885
- Net assets without donor restrictions
- $1,830,885
- Gross receipts
- $1,065,283
- Employees
- 2
- Year formed
- 1987
- State of legal domicile
- MD
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIFFANY S CHEW | TEACHER Trustee or director | 4 | $4,800 |
| HYE KYUNG YI | TEACHER Institutional trustee | 4 | $4,800 |
990 for the year ended June 30, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIFFANY S CHEW | TEACHER Trustee or director | 4 | $4,800 |
| YEON S SEO | TEACHER Institutional trustee | 4 | $4,800 |
Address and contacts
- Address (IRS master file)
- 14302 ROSEMORE LN, LAUREL, MD 20707-6892
- Principal officer (990 for 2024)
- CHOON JA KIM, 14302 ROSEMORE LANE, LAUREL, MD 20707
- Signed the 990
- CHOON JA KIM, DIRECTOR
- Phone
- (240) 381-2532
- Return prepared by
- LEE & PAIK CPA'S
Mission
TECHING KOREAN LANGUAGE, HISTORY AND MUSIC DURING WEEKEND.
Program accomplishments
- TEACHING KOREAN LANGUAGE, HISTORY AND MUSIC DURING WEEKEND.Expenses $318,531
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7275374
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1973
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,830,885
- Income (IRS master file)
- $1,065,283
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,065,283 | $323,447 | $1,830,885 | XML |
| 990 | June 2024 | $373,272 | $303,852 | $1,089,049 | XML |
| 990 | June 2023 | $146,641 | $266,876 | $1,019,629 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | 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 23-7275374).
Questions about KOREAN AMERICAN EDUCATION FOUNDATION
- What is the EIN of KOREAN AMERICAN EDUCATION FOUNDATION?
- The employer identification number (EIN) of KOREAN AMERICAN EDUCATION FOUNDATION is 23-7275374.
- Is KOREAN AMERICAN EDUCATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1973.
- Are donations to KOREAN AMERICAN EDUCATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KOREAN AMERICAN EDUCATION FOUNDATION 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 EDUCATION FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KOREAN AMERICAN EDUCATION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of KOREAN AMERICAN EDUCATION FOUNDATION?
- The 990 for the year ended June 30, 2025 names CHOON JA KIM.
- Who are the officers and directors of KOREAN AMERICAN EDUCATION FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 2 people; 2 received compensation from the organization, the highest $4,800 (TIFFANY S CHEW, TEACHER).
- How much revenue does KOREAN AMERICAN EDUCATION FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,065,283, expenses of $323,447 and total assets of $1,830,885 at year end.
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