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Nonprofit · EIN 26-0456976

KOREAN-AMERICAN ASSOCIATION OF REALTORS AND LENDERS OF NORTHERN C

Tax-exempt · SAN FRANCISCO, CA 94110

Financials

$67K$67K2024
Revenue Expenses · by fiscal year end
Financials of KOREAN-AMERICAN ASSOCIATION OF REALTORS AND LENDERS OF NORTHERN C by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$66,894$67,239-$345$19,934–$19,934
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$62,293
Membership dues
$4,600
Investment income
$1

Expenses

Compensation of officers, directors and key employees
$0
Professional fees and payments to contractors
$580
Other expenses
$66,659
Program services (functional)
$10,000

Balance sheet and other

Total assets, start of year
$20,279
Total assets, end of year
$19,934
Total liabilities, end of year
–
Net assets, end of year
$19,934
Cash, savings and investments
$19,934
Gross receipts
$66,894

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
Jayn HongPresident5$0
Jackie KimSecretary5$0
Soo ParkCFO5$0

Address and contacts

Address (IRS master file)
2480 MISSION ST STE 108, SAN FRANCISCO, CA 94110-2479
In care of
% MIWAN MCKOON
Mailing address (990-N for 2025)
2480 MISSION STREET 108, SAN FRANCISCO CA 94110
Principal officer (990-N for 2025)
David S Kim, 2480 MISSION STREET 108, SAN FRANCISCO CA 94110
Signed the 990-EZ
Jayn Hong, President
Phone
(408) 529-2321
Return prepared by
CHA & CHO CPA INC

California records

California keeps its own records of charities and corporations. Search them by EIN 26-0456976 or by the name KOREAN-AMERICAN ASSOCIATION OF REALTORS AND LENDERS OF NORTHERN C.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

The Korean American Association of Real Estate and Lender of Northern Californias (KARL) mission is to synergize the leaders of real estate and lenders within the Korean American communities in the greater Bay Area by facilitating continued professional development of its members and affiliates. KARL is dedicated to promoting the highest ethical standards of practice in the industry and empowering its members to represent the best interest of property owners.

990-EZ for the year ended December 31, 2024

Program accomplishments

  • Scholarship
    Expenses $10,000

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-N on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-N on file

IRS record

EIN
26-0456976
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-N (e-Postcard)
Category (NTEE)
Human services (P20)

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-N for 2025
Officer: David S Kim
December 31, 2025≤ $50,000 receipts––e-Postcard
990-EZDecember 2024$66,894$67,239$19,934IRS
990-N for 2023
Officer: Soo Park
December 31, 2023≤ $50,000 receipts––e-Postcard
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2019–––IRS
990-EZDecember 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 26-0456976).

Questions about KOREAN-AMERICAN ASSOCIATION OF REALTORS AND LENDERS OF NORTHERN C

What is the EIN of KOREAN-AMERICAN ASSOCIATION OF REALTORS AND LENDERS OF NORTHERN C?
The employer identification number (EIN) of KOREAN-AMERICAN ASSOCIATION OF REALTORS AND LENDERS OF NORTHERN C is 26-0456976.
Is KOREAN-AMERICAN ASSOCIATION OF REALTORS AND LENDERS OF NORTHERN C tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
Are donations to KOREAN-AMERICAN ASSOCIATION OF REALTORS AND LENDERS OF NORTHERN C tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does KOREAN-AMERICAN ASSOCIATION OF REALTORS AND LENDERS OF NORTHERN C file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of KOREAN-AMERICAN ASSOCIATION OF REALTORS AND LENDERS OF NORTHERN C 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 KOREAN-AMERICAN ASSOCIATION OF REALTORS AND LENDERS OF NORTHERN C last file with the IRS?
The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
Who is the principal officer of KOREAN-AMERICAN ASSOCIATION OF REALTORS AND LENDERS OF NORTHERN C?
The 990-N for 2025 names David S Kim.
Who are the officers and directors of KOREAN-AMERICAN ASSOCIATION OF REALTORS AND LENDERS OF NORTHERN C?
The 990-EZ for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does KOREAN-AMERICAN ASSOCIATION OF REALTORS AND LENDERS OF NORTHERN C have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $66,894, expenses of $67,239 and total assets of $19,934 at year end.

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