Nonprofit · EIN 48-0932320
KOREAN INSTITUTE OF THE GREATER KANSAS CITY AREA
Tax-exempt (reinstated) · OVERLAND PARK, KS 66212
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $66,000 | $67,428 | -$1,428 | $11,647 | $0 | $11,647 |
| December 31, 2023 | 990-EZ | $67,788 | $72,369 | -$4,581 | $13,075 | $0 | $13,075 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $25,281
- Membership dues
- $40,719
Expenses
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $34,128
- Professional fees and payments to contractors
- $4,375
- Occupancy
- $4,000
- Other expenses
- $24,925
Balance sheet and other
- Total assets, start of year
- $13,075
- Total assets, end of year
- $11,647
- Total liabilities, end of year
- $0
- Net assets, end of year
- $11,647
- Cash, savings and investments
- $11,647
- Gross receipts
- $66,000
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 |
|---|---|---|---|
| DENNIS CHO | PRESIDENT & CHAIR | 1 | $0 |
| SI-HYUN KIM | TREASURER | 1 | $0 |
| YOUNG CHO | SECRETARY | 0.5 | $0 |
| SANGHA BAEK | AUDITOR | 1 | $0 |
| MYONGJAI LEE | AUDITOR | 1 | $0 |
| YOUNGSIK DOKKO | BOARD MEMBER | 0.2 | $0 |
| KEITH AHN | BOARD MEMBER | 0.2 | $0 |
| KYUNGUN KIM | BOARD MEMBER | 0.2 | $0 |
990-EZ for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DENNIS CHO | PRESIDENT | 1 | $0 |
| SI-HYUN KIM | TREASURER | 1 | $0 |
| YOUNG CHO | SECRETARY | 0.5 | $0 |
| SANGHA BAEK | AUDITOR | 1 | $0 |
| MYONGJAI LEE | AUDITOR | 1 | $0 |
| YOUNGSIK DOKKO | BOARD MEMBER | 0.2 | $0 |
| KEITH AHN | BOARD MEMBER | 0.2 | $0 |
Address and contacts
- Address (IRS master file)
- 8841 GLENWOOD ST, OVERLAND PARK, KS 66212-1264
- In care of
- % DENNIS CHO
- Mailing address (990-N for 2019)
- 8841 GLENWOOD ST, Overland Park KS 66212
- Principal officer (990-N for 2019)
- MYONGJAI LEE, 8841 GLENWOOD ST, Overland Park KS 66212
- Signed the 990-EZ
- DENNIS CHO, BOARD CHAIR
- Phone
- (913) 220-3020
- Return prepared by
- Bizpro Tax&Accounting Services LLC
Mission
Educational purpose
Program accomplishments
- Educational programs including teaching, sporting, crafting, performances to provide Korean language and culture education.
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 48-0932320
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $11,647
- Income (IRS master file)
- $66,000
Revocation and reinstatement
- Exemption revoked
- November 15, 2013
- Posted by the IRS
- March 10, 2014
- Reinstated
- Effective December 15, 2019
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-EZ | December 2024 | $66,000 | $67,428 | $11,647 | XML |
| 990-EZ | December 2023 | $67,788 | $72,369 | $13,075 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: MYONGJAI LEE | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2009 Officer: Jay Kim | June 30, 2010 | ≤ $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 48-0932320).
Questions about KOREAN INSTITUTE OF THE GREATER KANSAS CITY AREA
- What is the EIN of KOREAN INSTITUTE OF THE GREATER KANSAS CITY AREA?
- The employer identification number (EIN) of KOREAN INSTITUTE OF THE GREATER KANSAS CITY AREA is 48-0932320.
- Is KOREAN INSTITUTE OF THE GREATER KANSAS CITY AREA tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2013 and reinstated it effective December 15, 2019.
- Are donations to KOREAN INSTITUTE OF THE GREATER KANSAS CITY AREA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KOREAN INSTITUTE OF THE GREATER KANSAS CITY AREA 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 THE GREATER KANSAS CITY AREA 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 INSTITUTE OF THE GREATER KANSAS CITY AREA last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of KOREAN INSTITUTE OF THE GREATER KANSAS CITY AREA?
- The 990-N for 2019 names MYONGJAI LEE.
- Who are the officers and directors of KOREAN INSTITUTE OF THE GREATER KANSAS CITY AREA?
- The 990-EZ for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does KOREAN INSTITUTE OF THE GREATER KANSAS CITY AREA have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $66,000, expenses of $67,428 and total assets of $11,647 at year end.
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