Nonprofit · EIN 26-4454681
FEDERAL WAY KOREAN AMERICAN ASSOCIATION
Tax-exempt (reinstated) · FEDERAL WAY, WA 98003
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $587,964 | $255,760 | $332,204 | $546,451 | $0 | $546,451 |
| December 31, 2023 | 990 | $88,013 | $61,471 | $26,542 | $214,247 | $0 | $214,247 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $587,964
- of which government grants
- $150,000
- Membership dues
- $3,300
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $7,475
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,190
- Occupancy
- $27,113
- Travel
- $7,425
- Program services (functional)
- $220,928
- Management and general (functional)
- $34,832
Balance sheet and other
- Total assets, start of year
- $214,247
- Total assets, end of year
- $546,451
- Total liabilities, end of year
- $0
- Net assets, end of year
- $546,451
- Net assets without donor restrictions
- $546,451
- Gross receipts
- $587,964
- Employees
- 0
- Year formed
- 2009
- State of legal domicile
- WA
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 |
|---|---|---|---|
| DANIEL KIM | PRESIDENT Trustee or director, Officer | – | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HYONSOOK CHO | TREASURER Officer | – | $0 |
| HAENG SOOK KIM | PRESIDENT Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 33301 1ST WAY S STE C115, FEDERAL WAY, WA 98003-4553
- Mailing address (990-N for 2021)
- PO BOX 3093, FEDERAL WAY WA 98063
- Principal officer (990 for 2024)
- DANIEL KIM, 30035 16TH AVE SW, FEDERAL WAY, WA 98023
- Principal officer (990-N for 2021)
- DANIEL KIM, 30035 16TH AVE SW, FEDERAL WAY WA 98023
- Signed the 990
- DANIEL KIM, PRESIDENT
- Phone
- (253) 334-4785
- Return prepared by
- SHK GROUP PLLC
Mission
TO SEEK THE DEVELOPMENT OF THE KOREAN COMMUNITIES OF FEDERAL WAY AND ITS NEIGHBORING AREAS, TO DEVELOP KOREAN AMERICAN CULTURE AND HELP ARTICULATE THE SHARED VALUES OF KOREAN AMERICANS AS A COMMUNITY, AND TO PROMOTE COOPERATION AND BETTER UNDERSTANDING BETWEEN THE KOREAN AMERICAN COMMUNITY AND OTHER RACIAL/ETHNIC GROUPS IN THE U.S., INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.
Program accomplishments
- FWKAA PROVIDES COMMUNITY EVENT TO SEEK THE DEVELOPMENT OF THE KOREAN COMMUNITIES OF FEDERAL WAY AND ITS NEIGHBORING AREAS, TO DEVELOP KOREAN AMERICAN CULTURE AND HELP ARTICULATE THE SHARED VALUES OF KOREAN AMERICANS AS A COMMUNITY, AND TO PROMOTE COOPERATION AND BETTER UNDERSTANDING BETWEEN THE KOREAN AMERICAN COMMUNITY.
- KOREAN CULTURAL EVENTS FOR KOREAN AMERICAN COMMUNITY IN THE CITY OF FEDERAL WAY AREA, WASHINGTONExpenses $220,928 · grants $7,475
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
- 26-4454681
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W99)
- Assets (IRS master file)
- $546,451
- Income (IRS master file)
- $587,964
Revocation and reinstatement
- Exemption revoked
- May 15, 2012
- Posted by the IRS
- March 11, 2013
- Reinstated
- Effective May 15, 2012
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 | December 2024 | $587,964 | $255,760 | $546,451 | IRS |
| 990 | December 2023 | $88,013 | $61,471 | $214,247 | XML |
| 990 | December 2022 | $203,067 | $92,358 | $201,298 | IRS |
| 990-N for 2021 Officer: DANIEL KIM | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2019 | – | – | – | 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 26-4454681).
Questions about FEDERAL WAY KOREAN AMERICAN ASSOCIATION
- What is the EIN of FEDERAL WAY KOREAN AMERICAN ASSOCIATION?
- The employer identification number (EIN) of FEDERAL WAY KOREAN AMERICAN ASSOCIATION is 26-4454681.
- Is FEDERAL WAY KOREAN AMERICAN ASSOCIATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2012 and reinstated it effective May 15, 2012.
- Are donations to FEDERAL WAY KOREAN AMERICAN ASSOCIATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FEDERAL WAY KOREAN AMERICAN ASSOCIATION 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 FEDERAL WAY KOREAN AMERICAN ASSOCIATION 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 FEDERAL WAY KOREAN AMERICAN ASSOCIATION 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 FEDERAL WAY KOREAN AMERICAN ASSOCIATION?
- The 990 for the year ended December 31, 2024 names DANIEL KIM.
- Who are the officers and directors of FEDERAL WAY KOREAN AMERICAN ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does FEDERAL WAY KOREAN AMERICAN ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $587,964, expenses of $255,760 and total assets of $546,451 at year end.
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