Nonprofit · EIN 27-2590854
KOREAN AMERICAN COMMUNITY OF ANCHORAGE INC
Tax-exempt · ANCHORAGE, AK 99502
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $210,017 | $292,728 | -$82,711 | $53,946 | $171 | $53,775 |
| December 31, 2023 | 990 | $287,276 | $256,958 | $30,318 | $136,699 | $213 | $136,486 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $153,656
- Membership dues
- $5,270
- Program service revenue
- $0
- Investment income
- $0
- Net income from gaming
- $55,694
- Other revenue
- $56,361
Expenses
- Grants and similar amounts paid
- $56,960
- Benefits paid to members
- $1,200
- Other salaries and wages
- $34,162
- Salaries, compensation and benefits (total)
- $37,136
- Professional fundraising fees
- $0
- Occupancy
- $17,488
- Travel
- $7,097
- Program services (functional)
- $285,461
- Management and general (functional)
- $7,267
Balance sheet and other
- Total assets, start of year
- $136,699
- Total assets, end of year
- $53,946
- Total liabilities, end of year
- $171
- Net assets, end of year
- $53,775
- Land, buildings and equipment
- $25,000
- Net assets without donor restrictions
- $53,775
- Gross unrelated business income
- $38,151
- Gross receipts
- $1,251,772
- Employees
- 1
- State of legal domicile
- AK
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 |
|---|---|---|---|
| ANDREW KWON | PRESIDENT Trustee or director, Officer | 10 | $0 |
| JENNY PARK | SECRETARY Trustee or director, Officer | 3 | $0 |
| JONG HA SONG | VICE PRESIDENT Trustee or director, Officer | 3 | $0 |
| HOJIN PARK | TREASURER Trustee or director, Officer | 5 | $0 |
| CHONG PARK | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTINE CHOI | DIRECTOR Trustee or director | 1 | $0 |
| EUGENE CHO | DIRECTOR Trustee or director | 3 | $0 |
| YOUNG KIM | DIRECTOR Trustee or director | 3 | $0 |
| IAN CHOI | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDREW KWON | PRESIDENT Trustee or director, Officer | 30 | $0 |
| JENNY PARK | SECRETARY Trustee or director, Officer | 10 | $0 |
| JONG HA SONG | VICE PRESIDENT Trustee or director, Officer | 10 | $0 |
| HOJIN PARK | TREASURER Trustee or director, Officer | 5 | $0 |
| CHONG PARK | DIRECTOR Trustee or director | 2 | $0 |
| CHRISTINE CHOI | DIRECTOR Trustee or director | 2 | $0 |
| EUGENE CHO | DIRECTOR Trustee or director | 10 | $0 |
| YOUNG KIM | DIRECTOR Trustee or director | 5 | $0 |
| SEUNGHYUN OH | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3630 JEWEL LAKE RD, ANCHORAGE, AK 99502-1028
- In care of
- % ANDREW H KWON
- Principal officer (990 for 2024)
- ANDREW H KWON, 3630 JEWEL LAKE RD, ANCHORAGE, AK 99502
- Signed the 990
- ANDREW H KWON, PRESIDENT
- Phone
- (907) 561-5345
- Website
- www.koreanak.com
- Return prepared by
- HOJIN PARK CPA
Mission
THE PROTECTION OF RIGHTS AND INTERESTS OF ITS MEMBERS, THEIR SOCIAL HARMONY, ITS CONSTRUCTIVE EVOLUTION, AND CULTURAL INTERCHANGE AND FRIENDSHIP ENHANCEMENT BETWEEN THE USA AND KOREA IN ALASKA.
Program accomplishments
- EDUCATIONAL AND CULTURAL PROGRAMS: ORGANIZED VARIOUS COMMUNITY EVENTS EDUCATION ON KOREAN CULTURE BETWEEN KOREA AND ALASKA.Expenses $100,203 · revenue $66,909
- SCHOLARSHIP PROGRAM: PROVIDED SCHOLARSHIPS TO GRADUATING HIGH SCHOOL STUDENTS IN ANCHORAGE, ALASKA.Expenses $23,000 · revenue $23,000
- CIVIC ENGAGEMENT AND PROMOTING VOTEExpenses $6,060 · revenue $4,000
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
- 27-2590854
- 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
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A23)
- Assets (IRS master file)
- $53,946
- Income (IRS master file)
- $1,251,772
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $210,017 | $292,728 | $53,946 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $287,276 | $256,958 | $136,699 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $209,738 | $149,639 | $106,168 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 27-2590854).
Questions about KOREAN AMERICAN COMMUNITY OF ANCHORAGE INC
- What is the EIN of KOREAN AMERICAN COMMUNITY OF ANCHORAGE INC?
- The employer identification number (EIN) of KOREAN AMERICAN COMMUNITY OF ANCHORAGE INC is 27-2590854.
- Is KOREAN AMERICAN COMMUNITY OF ANCHORAGE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to KOREAN AMERICAN COMMUNITY OF ANCHORAGE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KOREAN AMERICAN COMMUNITY OF ANCHORAGE 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 KOREAN AMERICAN COMMUNITY OF ANCHORAGE 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 KOREAN AMERICAN COMMUNITY OF ANCHORAGE 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 KOREAN AMERICAN COMMUNITY OF ANCHORAGE INC?
- The 990 for the year ended December 31, 2024 names ANDREW H KWON.
- Who are the officers and directors of KOREAN AMERICAN COMMUNITY OF ANCHORAGE INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does KOREAN AMERICAN COMMUNITY OF ANCHORAGE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $210,017, expenses of $292,728 and total assets of $53,946 at year end.
Other nonprofits in ANCHORAGE
- ANCHORAGE MUSEUM ASSOCIATION EIN 92-6009317 · last filed 990 for 2024
- ALASKA CENTER FOR THE PERFORMING ARTS INC EIN 92-0120733 · last filed 990 for 2024
- ALASKA NATIVE HERITAGE CENTER INC EIN 92-0127531 · last filed 990 for 2025
- ALASKA PUBLIC MEDIA INC EIN 23-7394629 · last filed 990 for 2025
- ANCHORAGE MUSEUM FOUNDATION EIN 92-0129376 · last filed 990 for 2024
- ANCHORAGE CONCERT ASSOCIATION INC EIN 92-6002302 · last filed 990 for 2025
- KOAHNIC BROADCAST CORPORATION EIN 92-0139738 · last filed 990 for 2025
- ALASKA HUMANITIES FORUM EIN 92-0042123 · last filed 990 for 2025
All nonprofits in ANCHORAGE · Alaska · Arts, culture and humanities