Nonprofit · EIN 27-2032949
KOREANAMERICANSTORYORG INC
Tax-exempt · SCARSDALE, NY 10583
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $727,132 | $492,334 | $234,798 | $740,693 | $14,891 | $725,802 |
| December 31, 2023 | 990 | $442,460 | $378,354 | $64,106 | $501,545 | $10,541 | $491,004 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $736,988
- Program service revenue
- $0
- Investment income
- $8,493
- Net income from fundraising events
- -$18,349
- Tax-exempt bond proceeds
- $8,493
- Other revenue
- -$18,349
Expenses
- Grants and similar amounts paid
- $2,050
- Compensation of officers, directors and key employees
- $93,076
- Other salaries and wages
- $134,924
- Salaries, compensation and benefits (total)
- $281,169
- Professional fundraising fees
- $0
- Accounting fees
- $11,000
- Travel
- $20,588
- Depreciation
- $1,107
- Program services (functional)
- $410,782
- Management and general (functional)
- $58,415
- Fundraising (functional)
- $23,137
Balance sheet and other
- Total assets, start of year
- $501,545
- Total assets, end of year
- $740,693
- Total liabilities, end of year
- $14,891
- Net assets, end of year
- $725,802
- Land, buildings and equipment
- $1,291
- Net assets without donor restrictions
- $644,802
- Net assets with donor restrictions
- $81,000
- Gross receipts
- $794,481
- Employees
- 3
- Volunteers
- 20
- Year formed
- 2010
- State of legal domicile
- NY
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 |
|---|---|---|---|
| HJ LEE | EXECUTIVE DIRECTOR Officer | 30 | $93,076 |
| ANN CHOH | BOARD MEMBER Trustee or director | 1 | $0 |
| THOMAS PARK CLEMENT | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN C KIM | BOARD MEMBER Trustee or director | 1 | $0 |
| GRACE LEE | BOARD MEMBER Trustee or director | 1 | $0 |
| VIVIAN LEE | BOARD CO-CHAIRS Trustee or director | 1 | $0 |
| DIANA SON | BOARD MEMBER Trustee or director | 1 | $0 |
| JAY OH | BOARD CO-CHAIRS Trustee or director | 1 | $0 |
| JEANNE JANG | BOARD MEMBER Trustee or director | 1 | $0 |
| THERESA CHOH-LEE | BOARD MEMBER Trustee or director | 1 | $0 |
| SEAN KIM | BOARD MEMBER Trustee or director | 1 | $0 |
| JOY WHEELER | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HJ LEE | EXECUTIVE DIRECTOR Officer | 30 | $75,001 |
| ANN CHOH | BOARD MEMBER Trustee or director | 1 | $0 |
| THOMAS PARK CLEMENT | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN C KIM | BOARD MEMBER Trustee or director | 1 | $0 |
| KAREN KIM | BOARD MEMBER Trustee or director | 1 | $0 |
| GRACE LEE | BOARD MEMBER Trustee or director | 1 | $0 |
| VIVIAN LEE | BOARD CO-CHAIRS Trustee or director | 1 | $0 |
| DIANA SON | BOARD MEMBER Trustee or director | 1 | $0 |
| JAY OH | BOARD CO-CHAIRS Trustee or director | 1 | $0 |
| JEANNE JANG | BOARD MEMBER Trustee or director | 1 | $0 |
| THERESA CHOH-LEE | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4 CHERRY LN, SCARSDALE, NY 10583-3118
- Mailing address (990-N for 2012)
- 4 Cherry Lane, Scarsdale NY 10583
- Principal officer (990 for 2024)
- HJ LEE, 4 CHERRY LANE, SCARSDALE, NY 10583
- Principal officer (990-N for 2012)
- HJ Lee, 4 Cherry Lane, Scarsdale NY 10583
- Signed the 990
- HJ LEE, EXECUTIVE DIRECTOR
- Phone
- (914) 623-8847
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
KOREANAMERICANSTORYORG INC. SEEKS TO CAPTURE, CREATE, PRESERVE AND SHARE THE STORIES OF THE KOREAN AMERICAN EXPERIENCE BY SUPPORTING AND PROMOTING STORYTELLING IN ALL FORMS THAT EXPLORE AND REFLECT THE EVER EVOLVING KOREAN AMERICAN STORY. KOREANAMERICANSTORYORG INC. SEEKS TO BE AN INCLUSIVE HUB THAT BRIDGES THE GAP BETWEEN COMMUNITIES AND HELPS TO INSTILL CULTURAL AWARENESS AND PRIDE AMONG THE KOREAN AMERICAN COMMUNITY.
Program accomplishments
- HISTORICAL PRESERVATION AND EDUCATION. THE ORGANIZATION SEEKS TO CAPTURE, CREATE, PRESERVE AND SHARE THE KOREAN AMERICAN EXPERIENCE BY COLLECTING AND SHARING STORIES FROM KOREAN AMERICANS FROM ALL WALKS OF LIFE. THESE STORIES ARE PRESENTED IN FILM, MEDIA AND PRINT TO BOTH PRESERVE THE KOREAN AMERICAN EXPERINCE AND EDUCATE FUTURE GENERATIONS.Expenses $410,782 · grants $2,050
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
- 27-2032949
- 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
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A23)
- Assets (IRS master file)
- $740,693
- Income (IRS master file)
- $794,481
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $727,132 | $492,334 | $740,693 | IRS |
| 990 | December 2023 | $442,460 | $378,354 | $501,545 | XML |
| 990 | December 2022 | $438,224 | $350,762 | $438,225 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2012 Officer: HJ Lee | December 31, 2012 | ≤ $50,000 receipts | – | – | e-Postcard |
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 27-2032949).
Questions about KOREANAMERICANSTORYORG INC
- What is the EIN of KOREANAMERICANSTORYORG INC?
- The employer identification number (EIN) of KOREANAMERICANSTORYORG INC is 27-2032949.
- Is KOREANAMERICANSTORYORG INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to KOREANAMERICANSTORYORG INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KOREANAMERICANSTORYORG INC 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 KOREANAMERICANSTORYORG INC 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 KOREANAMERICANSTORYORG INC 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 KOREANAMERICANSTORYORG INC?
- The 990 for the year ended December 31, 2024 names HJ LEE.
- Who are the officers and directors of KOREANAMERICANSTORYORG INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $93,076 (HJ LEE, EXECUTIVE DIRECTOR).
- How much revenue does KOREANAMERICANSTORYORG INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $727,132, expenses of $492,334 and total assets of $740,693 at year end.
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