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Nonprofit · EIN 51-0168072

THE KOREAN ASSOCIATION OF THE GREATER ATLANTA AREA INC

Tax-exempt · NORCROSS, GA 30071

Financials

$267K$220K2023$158K$173K2024
Revenue Expenses · by fiscal year end
Financials of THE KOREAN ASSOCIATION OF THE GREATER ATLANTA AREA INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$157,977$172,978-$15,001$2,991,954$0$2,991,954
December 31, 2023990$267,152$219,669$47,483$3,006,955$0$3,006,955
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$151,134
Membership dues
$6,714
Program service revenue
$6,843
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$30,955
Salaries, compensation and benefits (total)
$30,955
Professional fundraising fees
$0
Legal fees
$2,500
Accounting fees
$3,500
Program services (functional)
$15,197
Management and general (functional)
$157,781

Balance sheet and other

Total assets, start of year
$3,006,955
Total assets, end of year
$2,991,954
Total liabilities, end of year
$0
Net assets, end of year
$2,991,954
Land, buildings and equipment
$2,991,954
Net assets with donor restrictions
$2,991,954
Gross receipts
$157,977
Employees
0
Year formed
1974
State of legal domicile
GA

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.

NameTitleHours / weekCompensation
HONG K LEEPRESIDENT
Officer
20$0
990 for the year ended December 31, 2023: 1 people
NameTitleHours / weekCompensation
HONG K LEEPRESIDENT
Officer
20$0

Address and contacts

Address (IRS master file)
5900 BROOK HOLLOW PKWY, NORCROSS, GA 30071-3532
Principal officer (990 for 2024)
HONG K LEE, 5900 BROOK HOLLOW PKWY, NORCROSS, GA 30071
Signed the 990
HONG K LEE, PRESIDENT
Phone
(770) 813-8988
Return prepared by
AD FONTES INC

Mission

SUPPORTING KOREANS TO INTEGRATE WITH AMERICAN COMMUNITIES AND PROVIDING VITAL SERVICES TO BENEFIT KOREAN AND THEIR SOCIETIES

990 for the year ended December 31, 2024

Program accomplishments

  • KOREAN FESTIVAL IS A CELEBRATION CULTURUE AND PROVIDE AN APPORTUNITY FOR ATTENDEES TO LEAN APPRECIATE AND EXPERIENCE VARIOUS ASPECT OF KOREA AND SHOWCASE KOREAN CULTURE, TRADITIONS AND ELEMENTS.
    Expenses $15,197 · revenue $6,843

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
51-0168072
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1975
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,991,954
Income (IRS master file)
$157,977

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$157,977$172,978$2,991,954XML
990December 2023$267,152$219,669$3,006,955XML
990December 2022$397,920$340,554$4,015,272IRS
990December 2021$248,474$279,190$4,251,950IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990December 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 51-0168072).

Questions about THE KOREAN ASSOCIATION OF THE GREATER ATLANTA AREA INC

What is the EIN of THE KOREAN ASSOCIATION OF THE GREATER ATLANTA AREA INC?
The employer identification number (EIN) of THE KOREAN ASSOCIATION OF THE GREATER ATLANTA AREA INC is 51-0168072.
Is THE KOREAN ASSOCIATION OF THE GREATER ATLANTA AREA INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
Are donations to THE KOREAN ASSOCIATION OF THE GREATER ATLANTA AREA INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE KOREAN ASSOCIATION OF THE GREATER ATLANTA AREA 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 THE KOREAN ASSOCIATION OF THE GREATER ATLANTA AREA 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 THE KOREAN ASSOCIATION OF THE GREATER ATLANTA AREA 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 THE KOREAN ASSOCIATION OF THE GREATER ATLANTA AREA INC?
The 990 for the year ended December 31, 2024 names HONG K LEE.
Who are the officers and directors of THE KOREAN ASSOCIATION OF THE GREATER ATLANTA AREA INC?
The 990 for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
How much revenue does THE KOREAN ASSOCIATION OF THE GREATER ATLANTA AREA INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $157,977, expenses of $172,978 and total assets of $2,991,954 at year end.

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