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Nonprofit · EIN 27-2032949

KOREANAMERICANSTORYORG INC

Tax-exempt · SCARSDALE, NY 10583

Financials

$442K$378K2023$727K$492K2024
Revenue Expenses · by fiscal year end
Financials of KOREANAMERICANSTORYORG INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$727,132$492,334$234,798$740,693$14,891$725,802
December 31, 2023990$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.

NameTitleHours / weekCompensation
HJ LEEEXECUTIVE DIRECTOR
Officer
30$93,076
ANN CHOHBOARD MEMBER
Trustee or director
1$0
THOMAS PARK CLEMENTBOARD MEMBER
Trustee or director
1$0
JOHN C KIMBOARD MEMBER
Trustee or director
1$0
GRACE LEEBOARD MEMBER
Trustee or director
1$0
VIVIAN LEEBOARD CO-CHAIRS
Trustee or director
1$0
DIANA SONBOARD MEMBER
Trustee or director
1$0
JAY OHBOARD CO-CHAIRS
Trustee or director
1$0
JEANNE JANGBOARD MEMBER
Trustee or director
1$0
THERESA CHOH-LEEBOARD MEMBER
Trustee or director
1$0
SEAN KIMBOARD MEMBER
Trustee or director
1$0
JOY WHEELERBOARD MEMBER
Trustee or director
1$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensation
HJ LEEEXECUTIVE DIRECTOR
Officer
30$75,001
ANN CHOHBOARD MEMBER
Trustee or director
1$0
THOMAS PARK CLEMENTBOARD MEMBER
Trustee or director
1$0
JOHN C KIMBOARD MEMBER
Trustee or director
1$0
KAREN KIMBOARD MEMBER
Trustee or director
1$0
GRACE LEEBOARD MEMBER
Trustee or director
1$0
VIVIAN LEEBOARD CO-CHAIRS
Trustee or director
1$0
DIANA SONBOARD MEMBER
Trustee or director
1$0
JAY OHBOARD CO-CHAIRS
Trustee or director
1$0
JEANNE JANGBOARD MEMBER
Trustee or director
1$0
THERESA CHOH-LEEBOARD 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.

990 for the year ended December 31, 2024

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 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
Assets (IRS master file)
$740,693
Income (IRS master file)
$794,481

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$727,132$492,334$740,693IRS
990December 2023$442,460$378,354$501,545XML
990December 2022$438,224$350,762$438,225IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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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