Nonprofit · EIN 38-3861386
KOREAN ASSOCIATION OF FT WORTH
Tax-exempt (reinstated) · BEDFORD, TX 76095
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $40,201 | $34,242 | $5,959 | $6,263 | $0 | $6,263 |
| December 31, 2023 | 990-EZ | $41,758 | $43,504 | -$1,746 | $304 | $0 | $304 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $40,201
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $13,235
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fees and payments to contractors
- $600
- Printing, publications and postage
- $732
- Other expenses
- $19,675
- Program services (functional)
- $11,325
Balance sheet and other
- Total assets, start of year
- $304
- Total assets, end of year
- $6,263
- Total liabilities, end of year
- $0
- Net assets, end of year
- $6,263
- Cash, savings and investments
- $6,263
- Gross receipts
- $40,201
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kinam Martin | President | 20 | $0 |
| Byungkown Park | Vice-president | 2 | $0 |
| Sam Yi | Vice President | 1 | $0 |
| Susan Jeffers | Vice-President | 2 | $0 |
| Debra Wagner | Treasury | 3 | $0 |
| Jinny Yoon | Director | 1 | $0 |
| Sukja Kim | Treasury | 1 | $0 |
990-EZ for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kinam Martin | President | 20 | $0 |
| Byungkown Park | Vice-president | 0 | $0 |
| Sam Yi | Vice President | 0 | $0 |
| Susan Jeffers | Vice-President | 0 | $0 |
| Debra Wagner | Treasury | 0 | $0 |
| Jinny Yoon | Director | 0 | $0 |
| Sukja Kim | Treasury | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 538, BEDFORD, TX 76095-0538
- Mailing address (990-N for 2025)
- po box 538, bedford TX 76095
- Principal officer (990-N for 2025)
- Jinny Yoon, 1571 main street, Southlake TX 76092
- Signed the 990-EZ
- Kinam Martin, President
- Phone
- (817) 781-5016
Mission
Support A Korean Community in Fort Worth and Tarrant County Texas.
Program accomplishments
- Dragon Boat Festival is an annual event held in Irving Texas. The Korean Association of Fort Worth has been participating over 10 years. The association represents the Korean culture, dance, K-pop, Korean Food and snacks to the public.Expenses $2,431 · grants $2,000
- Korean Mother's Day Event: The Korean Association of Fort Worth Provide the health awareness seminar, free hair cut, lunch to the local seniors.Expenses $999 · grants $1,000
- Korean - American Culture Night event is an annual event that provide dinner, Korean song and dance, Taekowndo, K-pop, to the public.Expenses $7,895 · grants $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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-N on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 38-3861386
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Human services (P20)
Revocation and reinstatement
- Exemption revoked
- May 15, 2014
- Posted by the IRS
- September 8, 2014
- Reinstated
- Effective May 15, 2014
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-N for 2025 Officer: Jinny Yoon | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2024 | $40,201 | $34,242 | $6,263 | XML |
| 990-EZ | December 2023 | $41,758 | $43,504 | $304 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Jenny Grubbs | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Jenny Grubbs | December 31, 2019 | ≤ $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 38-3861386).
Questions about KOREAN ASSOCIATION OF FT WORTH
- What is the EIN of KOREAN ASSOCIATION OF FT WORTH?
- The employer identification number (EIN) of KOREAN ASSOCIATION OF FT WORTH is 38-3861386.
- Is KOREAN ASSOCIATION OF FT WORTH tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2014 and reinstated it effective May 15, 2014.
- Are donations to KOREAN ASSOCIATION OF FT WORTH tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KOREAN ASSOCIATION OF FT WORTH file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of KOREAN ASSOCIATION OF FT WORTH 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 ASSOCIATION OF FT WORTH 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 ASSOCIATION OF FT WORTH?
- The 990-N for 2025 names Jinny Yoon.
- Who are the officers and directors of KOREAN ASSOCIATION OF FT WORTH?
- The 990-EZ for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does KOREAN ASSOCIATION OF FT WORTH have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $40,201, expenses of $34,242 and total assets of $6,263 at year end.
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