Nonprofit · EIN 46-0635838
LOS ANGELES KOREAN MUSICIANS ASSOCIATION
Tax-exempt (reinstated) · LOS ANGELES, CA 90004
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $227,621 | $221,997 | $5,624 | $1,727 | $0 | $1,727 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $227,621
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $55
- Program services (functional)
- $218,267
- Management and general (functional)
- $3,730
Balance sheet and other
- Total assets, start of year
- -$3,897
- Total assets, end of year
- $1,727
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,727
- Net assets without donor restrictions
- $1,727
- Gross receipts
- $227,621
- Employees
- 0
- Volunteers
- 40
- Year formed
- 2012
- State of legal domicile
- CA
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 |
|---|---|---|---|
| SEUNG HO CHOI | PRESIDENT Officer | 0 | $0 |
| IM SANG YOON | SECRETARY Officer | 0 | $0 |
| WI YOUNG OH | C F O Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 414 N KINGSLEY DR, LOS ANGELES, CA 90004-3218
- Principal officer (990 for 2024)
- IM SANG YOON, 414 N KINGSLEY DR, LOS ANGELES, CA 90505
- Signed the 990
- IM SANG YOON, SECRETARY
- Phone
- (213) 239-3573
- Return prepared by
- PATRICK M CHYUN ACCOUNTANCY CORPORATION
California records
California keeps its own records of charities and corporations. Search them by EIN 46-0635838 or by the name LOS ANGELES KOREAN MUSICIANS ASSOCIATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
WE HELP PEOPLE THROUGH MUSIC!
Program accomplishments
- LOS ANGELES KOREAN-AMERICAN MUSICIANS ASSOCIATION(LAKMA) SHARES THE MUSIC WITH PEOPLE AND FUNDS TO OTHER ORGANIZATIONS WHO NEED SUPPORT THROUGH CONCERTS. WE MADE CONTRIBUTION TO INDIVIDUAL SCHOLARSHIP AWARDS.Expenses $218,267 · grants $227,621 · revenue $227,621
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 | Check at the IRS |
IRS record
- EIN
- 46-0635838
- 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
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A68)
- Assets (IRS master file)
- $1,727
- Income (IRS master file)
- $227,621
Revocation and reinstatement
- Exemption revoked
- May 15, 2015
- Posted by the IRS
- August 10, 2015
- Reinstated
- Effective May 15, 2015
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 | December 2024 | $227,621 | $221,997 | $1,727 | XML |
| 990 | December 2022 | $216,259 | $214,017 | $4,856 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | 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 46-0635838).
Questions about LOS ANGELES KOREAN MUSICIANS ASSOCIATION
- What is the EIN of LOS ANGELES KOREAN MUSICIANS ASSOCIATION?
- The employer identification number (EIN) of LOS ANGELES KOREAN MUSICIANS ASSOCIATION is 46-0635838.
- Is LOS ANGELES KOREAN MUSICIANS ASSOCIATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2015 and reinstated it effective May 15, 2015.
- Are donations to LOS ANGELES KOREAN MUSICIANS ASSOCIATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LOS ANGELES KOREAN MUSICIANS ASSOCIATION 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 LOS ANGELES KOREAN MUSICIANS ASSOCIATION 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 LOS ANGELES KOREAN MUSICIANS ASSOCIATION 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 LOS ANGELES KOREAN MUSICIANS ASSOCIATION?
- The 990 for the year ended December 31, 2024 names IM SANG YOON.
- Who are the officers and directors of LOS ANGELES KOREAN MUSICIANS ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does LOS ANGELES KOREAN MUSICIANS ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $227,621, expenses of $221,997 and total assets of $1,727 at year end.
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