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Nonprofit · EIN 25-1500080

KOREA AMERICA ECONOMIC ASSOCIATION DEPT OF ECONOMICS & GEOGRAPHY

Tax-exempt · STORRS, CT 06269

Financials

$76K$91K2023$128K$145K2024$115K$118K2025
Revenue Expenses · by fiscal year end
Financials of KOREA AMERICA ECONOMIC ASSOCIATION DEPT OF ECONOMICS & GEOGRAPHY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
January 31, 2026990$115,473$118,467-$2,994$716,131$0$716,131
January 31, 2025990$127,865$145,144-$17,279$630,995$0$630,995
January 31, 2024990$75,921$91,224-$15,303$524,070$78,835$445,235
Financial details: 990 for the year ended January 31, 2026

Revenue

Contributions, gifts and grants
$76,630
Membership dues
$30,070
Program service revenue
$0
Investment income
$38,843
Net gain from sales of assets
$10,860
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$1,500
Salaries, compensation and benefits (total)
$1,500
Professional fundraising fees
$0
Travel
$11,982
Program services (functional)
$103,106
Management and general (functional)
$15,361

Balance sheet and other

Total assets, start of year
$630,995
Total assets, end of year
$716,131
Total liabilities, end of year
$0
Net assets, end of year
$716,131
Publicly traded securities
$683,776
Net assets without donor restrictions
$716,131
Gross receipts
$145,475
Employees
0
Volunteers
0
Year formed
1994
State of legal domicile
TN

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 January 31, 2026, highest compensation first.

NameTitleHours / weekCompensation
MIN SEONG KIMDIRECTOR, TREASURER
Officer
3$1,500
SOKBAE LEEPRESIDENT
Officer
3$0
KYUNGMIN KIMVICE PRESIDENT
Officer
3$0
YOUNGKI SHINDIRECTOR, SECRETARY
Officer
3$0
DONGHOON LEEDIRECTOR
Officer
3$0
990 for the year ended January 31, 2025: 5 people
NameTitleHours / weekCompensation
Kwang Soo CheongPresident
Trustee or director
3$0
Jaewoo LeePresident-elect
Trustee or director
3$0
Sokbae LeeVice President
Trustee or director
3$0
Kyoo Il KimSecretary General
Trustee or director
3$0
Kyungmin KimTreasurer
Trustee or director
3$0
990 for the year ended January 31, 2024: 5 people
NameTitleHours / weekCompensation
KWANG SOO CHEONGPRESIDENT-EL
Trustee or director, Officer
3$0
YONGSEOK SHINVICE PRESIDE
Trustee or director, Officer
3$0
KYOO IL KIMSECRETARY GE
Trustee or director, Officer
3$0
YOONSEOK LEETREASURER
Trustee or director, Officer
3$0
YOOSOON CHANGPRESIDENT
Trustee or director, Officer
3$0

Address and contacts

Address (IRS master file)
365 FAIRFIELD WAY, STORRS, CT 06269-9174
In care of
% KYOO IL KIM
Principal officer (990 for 2025)
MIN SEONG KIM, 365 FAIRFIELD WAY U-1063, STORRS, CT 06269
Signed the 990
MIN SEONG KIM, TREASURER
Phone
(860) 515-0732
Return prepared by
TED CPA

Mission

ORGANIZE AND SPONSOR CONFERENCE NAD OTHER EDUCATIONAL FORUMS TO PROMOTE AND DISSEMINATE ECONOMIC RESEARCH

990 for the year ended January 31, 2026

Program accomplishments

  • ORGANIZE AND SPONSOR CONFERENCES AND OTHER EDUCATIONAL FORUMS TO PROMOTE AND DISSEMINATE ECONOMIC RESEARCH
    Expenses $72,079
  • CONFERENCE
    Expenses $29,027
  • HONORAIRUM & AWARD ADMIN EXPENSE
    Expenses $2,000

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 January, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025January 31, 2026June 15, 2026990 on file
2024January 31, 2025June 16, 2025990 on file
2023January 31, 2024June 17, 2024990 on file

IRS record

EIN
25-1500080
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
1986
Accounting year ends
January
Files
Form 990 or 990-EZ
Assets (IRS master file)
$716,131
Income (IRS master file)
$145,475

Filing history

FormYear endedRevenueExpensesAssetsReturn
990January 2026$115,473$118,467$716,131IRS
990January 2025$127,865$145,144$630,995IRS
990January 2024$75,921$91,224$524,070XML
990January 2023$76,131$216,513$460,538IRS
990January 2022–––IRS
990January 2021–––IRS
990-TJanuary 2021–––IRS
990January 2020–––IRS
990January 2019–––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 25-1500080).

Questions about KOREA AMERICA ECONOMIC ASSOCIATION DEPT OF ECONOMICS & GEOGRAPHY

What is the EIN of KOREA AMERICA ECONOMIC ASSOCIATION DEPT OF ECONOMICS & GEOGRAPHY?
The employer identification number (EIN) of KOREA AMERICA ECONOMIC ASSOCIATION DEPT OF ECONOMICS & GEOGRAPHY is 25-1500080.
Is KOREA AMERICA ECONOMIC ASSOCIATION DEPT OF ECONOMICS & GEOGRAPHY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
Are donations to KOREA AMERICA ECONOMIC ASSOCIATION DEPT OF ECONOMICS & GEOGRAPHY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does KOREA AMERICA ECONOMIC ASSOCIATION DEPT OF ECONOMICS & GEOGRAPHY 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 AMERICA ECONOMIC ASSOCIATION DEPT OF ECONOMICS & GEOGRAPHY due?
The return for tax year 2026 (the year ending January 31, 2027) is due June 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did KOREA AMERICA ECONOMIC ASSOCIATION DEPT OF ECONOMICS & GEOGRAPHY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended January 2026.
Who is the principal officer of KOREA AMERICA ECONOMIC ASSOCIATION DEPT OF ECONOMICS & GEOGRAPHY?
The 990 for the year ended January 31, 2026 names MIN SEONG KIM.
Who are the officers and directors of KOREA AMERICA ECONOMIC ASSOCIATION DEPT OF ECONOMICS & GEOGRAPHY?
The 990 for the year ended January 31, 2026 lists 5 people; 1 received compensation from the organization, the highest $1,500 (MIN SEONG KIM, DIRECTOR, TREASURER).
How much revenue does KOREA AMERICA ECONOMIC ASSOCIATION DEPT OF ECONOMICS & GEOGRAPHY have?
On its 990 for the year ended January 31, 2026 it reported revenue of $115,473, expenses of $118,467 and total assets of $716,131 at year end.

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