Nonprofit · EIN 51-0325643
KOREAN AMERICAN ASSOCIATION OF GREATER PHILADELPHIA INC
Tax-exempt · ELKINS PARK, PA 19027
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $89,564 | $46,560 | $43,004 | $299,084 | $0 | $299,084 |
| December 31, 2023 | 990 | $68,948 | $70,745 | -$1,797 | $316,080 | $60,000 | $256,080 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $89,564
- of which government grants
- $4,420
- Membership dues
- $3,500
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $22,970
- Other salaries and wages
- $6,000
- Salaries, compensation and benefits (total)
- $6,000
- Professional fundraising fees
- $0
- Occupancy
- $1,666
- Program services (functional)
- $43,291
- Management and general (functional)
- $3,269
Balance sheet and other
- Total assets, start of year
- $316,080
- Total assets, end of year
- $299,084
- Total liabilities, end of year
- $0
- Net assets, end of year
- $299,084
- Net assets without donor restrictions
- $299,084
- Gross receipts
- $89,564
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1990
- State of legal domicile
- PA
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 |
|---|---|---|---|
| James Kim | President Trustee or director, Officer | 0 | $0 |
| Kyong Yi | Chairperson Trustee or director | 0 | $0 |
| Namsoo Cho | Senior VP Trustee or director | 0 | $0 |
| Soo Jin Han | VP & Treasurer Trustee or director | 0 | $0 |
| John Lee | VP Trustee or director | 0 | $0 |
| Christina Haahs | Secretary general Trustee or director | 0 | $0 |
| Albert Kim | Auditor Trustee or director | 0 | $0 |
| Solomon Kim | Director Trustee or director | 0 | $0 |
| Min Jung | Director Trustee or director | 0 | $0 |
| Susan Noh | Director Trustee or director | 0 | $0 |
| Michael Choe | Director Trustee or director | 0 | $0 |
| Marcia Kwagh | Director Trustee or director | 0 | $0 |
| Thomas Ryu | Director Trustee or director | 0 | $0 |
| Sung Ho Park | Director Trustee or director | 0 | $0 |
| Steven Kim | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES KIM | PRESIDENT Trustee or director, Officer | – | $0 |
| KYONG YI | CHAIRPERSON Trustee or director | – | $0 |
| NAMSOO CHO | SENIOR VP Trustee or director | – | $0 |
| SOOJIN HAN | VP&TREASURER Trustee or director | – | $0 |
| JOHN LEE | VP Trustee or director | – | $0 |
| CHRISTINA HAAHS | SECRETARY GE Trustee or director | – | $0 |
| ALBERT KIM | AUDITOR Trustee or director | – | $0 |
| SOLOMON KIM | DIRECTOR Trustee or director | – | $0 |
| MIN JUNG | DIRECTOR Trustee or director | – | $0 |
| SUSAN NOH | DIRECTOR Trustee or director | – | $0 |
| MICHAEL CHOE | DIRECTOR Trustee or director | – | $0 |
| MARCIA KWAGH | DIRECTOR Trustee or director | – | $0 |
| THOMAS RYU | DIRECTOR Trustee or director | – | $0 |
| SUNGHO PARK | DIRECTOR Trustee or director | – | $0 |
| STEVEN KIM | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 1135 W CHELTENHAM AVENUE, ELKINS PARK, PA 19027-3008
- Principal officer (990 for 2024)
- Kevin Kim, 1135 W Cheltenham Ave 208, Elkins Park, PA 19027
- Signed the 990
- Kevin Kim, President
- Phone
- (215) 450-5128
- Return prepared by
- CHRISTOPHER KIM TAX & ACCOUNTING SERVICES
Mission
See Schedule O attached
Program accomplishments
- The assocition offers scholarship to the Korean-American Community group.Expenses $20,321 · grants $9,520 · revenue -$936
- The association sponsors various events to promote mutual friendship among Koreans and presents Korean culture to the community,Expenses $22,030 · grants $21,770 · revenue $260
- The association outreaches to the entire community offering contribution, free legal advise services and consular services.Expenses $940 · revenue -$940
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 | 990 on file |
IRS record
- EIN
- 51-0325643
- 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
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P840)
- Assets (IRS master file)
- $299,084
- Income (IRS master file)
- $89,564
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $89,564 | $46,560 | $299,084 | IRS |
| 990 | December 2023 | $68,948 | $70,745 | $316,080 | XML |
| 990 | December 2022 | $132,394 | $131,389 | $323,692 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 51-0325643).
Questions about KOREAN AMERICAN ASSOCIATION OF GREATER PHILADELPHIA INC
- What is the EIN of KOREAN AMERICAN ASSOCIATION OF GREATER PHILADELPHIA INC?
- The employer identification number (EIN) of KOREAN AMERICAN ASSOCIATION OF GREATER PHILADELPHIA INC is 51-0325643.
- Is KOREAN AMERICAN ASSOCIATION OF GREATER PHILADELPHIA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to KOREAN AMERICAN ASSOCIATION OF GREATER PHILADELPHIA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KOREAN AMERICAN ASSOCIATION OF GREATER PHILADELPHIA 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 KOREAN AMERICAN ASSOCIATION OF GREATER PHILADELPHIA 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 KOREAN AMERICAN ASSOCIATION OF GREATER PHILADELPHIA 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 KOREAN AMERICAN ASSOCIATION OF GREATER PHILADELPHIA INC?
- The 990 for the year ended December 31, 2024 names Kevin Kim.
- Who are the officers and directors of KOREAN AMERICAN ASSOCIATION OF GREATER PHILADELPHIA INC?
- The 990 for the year ended December 31, 2024 lists 15 people; 0 received compensation from the organization.
- How much revenue does KOREAN AMERICAN ASSOCIATION OF GREATER PHILADELPHIA INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $89,564, expenses of $46,560 and total assets of $299,084 at year end.
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