Nonprofit · EIN 41-1338929
KOREAN INSTITUTE OF MINNESOTA
Tax-exempt · GOLDEN VALLEY, MN 55427
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990-EZ | $75,133 | $65,995 | $9,138 | $164,481 | $40,765 | $123,716 |
| August 31, 2024 | 990-EZ | $79,919 | $75,321 | $4,598 | $147,092 | $32,514 | $114,578 |
| August 31, 2023 | 990-EZ | $67,771 | $53,937 | $13,834 | $135,302 | $25,322 | $109,980 |
Financial details: 990-EZ for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $18,595
- Program service revenue
- $56,528
- Investment income
- $10
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $7,650
- Compensation of officers, directors and key employees
- $23,055
- Salaries, compensation and benefits (total)
- $0
- Professional fees and payments to contractors
- $42,141
- Occupancy
- $1,800
- Printing, publications and postage
- $288
- Other expenses
- $14,116
- Program services (functional)
- $52,544
Balance sheet and other
- Total assets, start of year
- $147,092
- Total assets, end of year
- $164,481
- Total liabilities, end of year
- $40,765
- Net assets, end of year
- $123,716
- Cash, savings and investments
- $164,481
- Gross receipts
- $75,133
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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jennifer Arndt-Johns | Scribe & Director | 25 | $23,055 |
| Andres Gelabert | Board Chair | 2 | $0 |
| Kari Scanlon | Itermin Treasurer | 2 | $0 |
| Yoonju Park | Board member | 1 | $0 |
| Rory Bakke | Incoming Treasurer | 2 | $0 |
| Minkyung Kang | Board member | 1 | $0 |
| Kelsey Svetfjord | Board member | 1 | $0 |
990-EZ for the year ended August 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jennifer Arndt-Johns | Secretary and Director | 25 | $20,820 |
| Andres Gelabert | Board Chair | 2 | $0 |
| Nicki Earley | Board Treasurer | 2 | $0 |
| Yoonju Park | Member | 1 | $0 |
| Hyun Ae Kim | Member | 1 | $0 |
| Kari Scanlon | Member | 1 | $0 |
| Allen Yun | Member | 1 | $0 |
990-EZ for the year ended August 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jennifer Arndt-Johns | Interim Secretary and Director | 10 | $12,000 |
| Andres Gelabert | Board Chair | 1 | $0 |
| Nicki Earley | Board Treasurer | 1 | $0 |
| Yoonju Park | Member | 1 | $0 |
| Hyun Ae Kim | Member | 1 | $0 |
| Kari Scanlon | Member | 1 | $0 |
| Allen Yun | Member | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 7701 GOLDEN VALLEY RD UNIT 27094, GOLDEN VALLEY, MN 55427-4535
- In care of
- % SUNG CHUL PARK
- Mailing address (990-N for 2021)
- 7701 Golden Valley Road 27094, Minneapolis MN 55427
- Principal officer (990-N for 2021)
- Jennifer Arndt-Johns Director, 7701 Golden Valley Road 27094, Minneapolis MN 55427
- Signed the 990-EZ
- Jennifer Arndt-Johns, Executive Director
- Phone
- (215) 888-4672
- Website
- www.koreaninstitute.org
- Return prepared by
- Studio501 Inc
Mission
To provide knowledge, pride and understanding of Korea's culture and people; To teach Korean language with the basis that being multilingual is desirable in our global society; To provide a resource center for people with links to Korea, their families, friends, educators and the community at large.
Program accomplishments
- In 2025, the Korean Institute of Minnesota (KIM) completed its 50th year of providing community-based Korean language and cultural education to hundreds of students. In addition, the organization continued its ongoing working collaboration with the Korean Adoptees Ministry, Korean Quarterly and other community-based organizations. In May of 2025, KIM facilitated a cultural competency training for the staff at the Minnesota Children's Hospital. One of the large-scale efforts underway with the organization is getting the organizational history organized and archived in preparation for a 50th Anniversary celebration. It is intended that the organization's history will be archived at the University of Minnesota's Immigration History Research Center.Expenses $52,544 · grants $7,650
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990-EZ on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990-EZ on file |
IRS record
- EIN
- 41-1338929
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1979
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A230)
- Assets (IRS master file)
- $164,481
- Income (IRS master file)
- $75,133
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | August 2025 | $75,133 | $65,995 | $164,481 | XML |
| 990-EZ | August 2024 | $79,919 | $75,321 | $147,092 | XML |
| 990-EZ | August 2023 | $67,771 | $53,937 | $135,302 | XML |
| 990-N for 2021 Officer: Jennifer Arndt-Johns Director | August 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | August 2022 | – | – | – | IRS |
| 990-N for 2019 Officer: Bomi Yoon Newman | August 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2018 Officer: Bomi Newman | August 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 41-1338929).
Questions about KOREAN INSTITUTE OF MINNESOTA
- What is the EIN of KOREAN INSTITUTE OF MINNESOTA?
- The employer identification number (EIN) of KOREAN INSTITUTE OF MINNESOTA is 41-1338929.
- Is KOREAN INSTITUTE OF MINNESOTA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
- Are donations to KOREAN INSTITUTE OF MINNESOTA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KOREAN INSTITUTE OF MINNESOTA 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 INSTITUTE OF MINNESOTA due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KOREAN INSTITUTE OF MINNESOTA last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended August 2025.
- Who is the principal officer of KOREAN INSTITUTE OF MINNESOTA?
- The 990-N for 2021 names Jennifer Arndt-Johns Director.
- Who are the officers and directors of KOREAN INSTITUTE OF MINNESOTA?
- The 990-EZ for the year ended August 31, 2025 lists 7 people; 1 received compensation from the organization, the highest $23,055 (Jennifer Arndt-Johns, Scribe & Director).
- How much revenue does KOREAN INSTITUTE OF MINNESOTA have?
- On its 990-EZ for the year ended August 31, 2025 it reported revenue of $75,133, expenses of $65,995 and total assets of $164,481 at year end.
Other nonprofits in GOLDEN VALLEY
- RAINBOW WORLD EIN 20-2820258 · last filed 990-N for 2024
- MINNESOTA UNITED FOUNDATION EIN 99-1915444 · last filed 990 for 2025
- ARIUS CHAMBER MUSIC SOCIETY INC EIN 56-2424138 · last filed 990-N for 2022
- GOLDEN VALLEY ORCHESTRA INC EIN 27-0131050 · last filed 990-N for 2024
- RICHARD WAGNER SOCIETY OF THE UPPER MIDWEST EIN 20-2923991 · last filed 990-N for 2025
- DOCOMOMO US MN EIN 80-0633178 · last filed 990-N for 2025
- JEWISH FAMILY AND CHILDRENS SERVICE OF MINNEAPOLIS EIN 41-0693860 · last filed 990 for 2025
- PETER J KING FAMILY FOUNDATION EIN 26-1600569 · last filed 990-PF for 2024
All nonprofits in GOLDEN VALLEY · Minnesota · Arts, culture and humanities