Nonprofit · EIN 26-0059271
KAFHI
Tax-exempt · HOFFMAN EST, IL 60169
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,060,104 | $1,070,657 | -$10,553 | $361,407 | $37,250 | $324,157 |
| December 31, 2023 | 990 | $1,299,841 | $1,255,081 | $44,760 | $334,710 | $0 | $334,710 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,060,104
- Membership dues
- $47,250
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $794,776
- Compensation of officers, directors and key employees
- $30,000
- Other salaries and wages
- $59,500
- Salaries, compensation and benefits (total)
- $120,020
- Professional fundraising fees
- $0
- Accounting fees
- $400
- Travel
- $16,525
- Depreciation
- $8,827
- Program services (functional)
- $883,976
- Management and general (functional)
- $152,559
- Fundraising (functional)
- $34,122
Balance sheet and other
- Total assets, start of year
- $334,710
- Total assets, end of year
- $361,407
- Total liabilities, end of year
- $37,250
- Net assets, end of year
- $324,157
- Land, buildings and equipment
- $35,308
- Net assets without donor restrictions
- $324,157
- Gross receipts
- $1,060,104
- Employees
- 5
- Volunteers
- 0
- 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 |
|---|---|---|---|
| SOON K LEE | VICE CHARIMAN Trustee or director | 0.1 | $0 |
| JASON H KIM | DIRECTOR Trustee or director | 0.1 | $0 |
| SHINJONG BAIK | DIRECTOR Trustee or director | 0.2 | $0 |
| HYUN CHAN BAE | CHAIRMAN Trustee or director | 0.2 | $0 |
| HEEKON EUN | DIRECTOR Trustee or director | 0 | $0 |
| DANIEL AHN | VICE CHAIRMAN Trustee or director | 0.1 | $0 |
| KAYJOON LEE | AUDITOR Trustee or director | 0.1 | $0 |
| JONGKWAN LEE | SECRETARY Trustee or director | 0.1 | $0 |
| HOONSUK CHOI | VICE CHAIRMAN Trustee or director | 0 | $0 |
| SEUNGHWAN RO | DIRECTOR Trustee or director | 0.1 | $0 |
| KWANGTAE KIM | DIRECTOR Trustee or director | 0 | $0 |
| HYUNHEI LEE | DIRECTOR Trustee or director | 0 | $0 |
| CHULSUNG LIM | DIRECTOR Trustee or director | 0 | $0 |
| SEIHOON CHUNG | DIRECTOR Trustee or director | 0 | $0 |
| SUNHEE HONG | DIRECTOR Trustee or director | 0.1 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SOON K LEE | VICE CHARIMAN Trustee or director | 0.1 | $0 |
| JASON H KIM | DIRECTOR Trustee or director | 0.1 | $0 |
| SHINJONG BAIK | DIRECTOR Trustee or director | 0.2 | $0 |
| HYUN CHAN BAE | CHAIRMAN Trustee or director | 0.2 | $0 |
| HEEKON EUN | DIRECTOR Trustee or director | 0 | $0 |
| DANIEL AHN | VICE CHAIRMAN Trustee or director | 0.1 | $0 |
| MICHAEL CHANG | AUDITOR Trustee or director | 0.1 | $0 |
| JONGKWAN LEE | SECRETARY Trustee or director | 0.1 | $0 |
| HOONSUK CHOI | DIRECTOR Trustee or director | 0 | $0 |
| HYUNSUK KANG | DIRECTOR Trustee or director | 0 | $0 |
| SEUNGHWAN RO | DIRECTOR Trustee or director | 0.1 | $0 |
| KWANGTAE KIM | DIRECTOR Trustee or director | 0 | $0 |
| KAYJOON LEE | DIRECTOR Trustee or director | 0 | $0 |
| HYUNHEI LEE | DIRECTOR Trustee or director | 0 | $0 |
| CHULSUNG LIM | DIRECTOR Trustee or director | 0 | $0 |
| SEIHOON CHUNG | DIRECTOR Trustee or director | 0 | $0 |
| SUNHEE HONG | DIRECTOR Trustee or director | 0.1 | $0 |
Address and contacts
- Address (IRS master file)
- 665 GRAND CANYON ST, HOFFMAN EST, IL 60169-3224
- Principal officer (990 for 2024)
- SEUNG H CHUNG, 411 KINGSTON CT SUITE A, MOUNT PROSPECT, IL 60056
- Signed the 990
- SEUNG H CHUNG, EXECUTIVE DIRECTOR
- Phone
- (847) 296-4555
- Website
- KAFHI.ORG
- Return prepared by
- JS CPA GROUP INC
Mission
CHRITABLE & EMERGENCY RELIEF PROGRAMS
Program accomplishments
- CHILDREN DEVELOPMENT PROGRAMS : HUMANITARIAN SUPPORTS TO THE IMPOVERISHED CHILDREN IN AFRICA, ASIA AND WORLD WIDE.Expenses $794,776 · grants $794,776
- FIELD DEVELOPMENT & OFFICE EXPENSEExpenses $89,200
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
- 26-0059271
- 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
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $361,407
- Income (IRS master file)
- $1,060,104
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,060,104 | $1,070,657 | $361,407 | IRS |
| 990 | December 2023 | $1,299,841 | $1,255,081 | $334,710 | XML |
| 990 | December 2022 | $1,003,154 | $969,183 | $289,950 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 26-0059271).
Questions about KAFHI
- What is the EIN of KAFHI?
- The employer identification number (EIN) of KAFHI is 26-0059271.
- Is KAFHI tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to KAFHI tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KAFHI 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 KAFHI 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 KAFHI 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 KAFHI?
- The 990 for the year ended December 31, 2024 names SEUNG H CHUNG.
- Who are the officers and directors of KAFHI?
- The 990 for the year ended December 31, 2024 lists 15 people; 0 received compensation from the organization.
- How much revenue does KAFHI have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,060,104, expenses of $1,070,657 and total assets of $361,407 at year end.
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