Nonprofit · EIN 52-1714111
KOREA SOCIETY
Tax-exempt · NEW YORK, NY 10017
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $11,638,779 | $5,210,526 | $6,428,253 | $32,703,653 | $1,869,884 | $30,833,769 |
| December 31, 2024 | 990 | $3,612,162 | $3,984,029 | -$371,867 | $29,283,362 | $2,604,977 | $26,678,385 |
| December 31, 2023 | 990 | $3,540,827 | $3,755,584 | -$214,757 | $28,678,396 | $3,383,280 | $25,295,116 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,765,381
- Membership dues
- $302,542
- Program service revenue
- $299,175
- Investment income
- $8,718,846
- Net gain from sales of assets
- $8,176,504
- Net income from fundraising events
- -$144,623
- Other revenue
- -$144,623
Expenses
- Grants and similar amounts paid
- $274,300
- Compensation of officers, directors and key employees
- $321,297
- Other salaries and wages
- $1,574,306
- Salaries, compensation and benefits (total)
- $2,293,731
- Professional fundraising fees
- $0
- Accounting fees
- $28,000
- Occupancy
- $1,205,578
- Travel
- $64,999
- Depreciation
- $160,598
- Program services (functional)
- $3,420,038
- Management and general (functional)
- $820,012
- Fundraising (functional)
- $970,476
Balance sheet and other
- Total assets, start of year
- $29,283,362
- Total assets, end of year
- $32,703,653
- Total liabilities, end of year
- $1,869,884
- Net assets, end of year
- $30,833,769
- Land, buildings and equipment
- $526,807
- Publicly traded securities
- $28,221,947
- Net assets without donor restrictions
- $12,012,501
- Net assets with donor restrictions
- $18,821,268
- Gross receipts
- $54,351,403
- Employees
- 20
- Volunteers
- 44
- Year formed
- 1990
- State of legal domicile
- DC
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THOMAS J BYRNE | PRESIDENT AND CEO Officer | 40 | $303,063 | $18,234 |
| HAE KYUNG AHN | SENIOR ADVISOR OF OUTREACH Highest-paid employee | 40 | $131,839 | $22,150 |
| HYUN CHO | FINANCIAL CONTROLLER Highest-paid employee | 40 | $125,511 | $7,888 |
| EUNJUNG KHO | DIRECTOR OF ADMINISTRATION Highest-paid employee | 40 | $100,106 | $20,363 |
| JUNGHA OH | SENIOR DIRECTOR OF ARTS & CULTURE Highest-paid employee | 40 | $106,875 | $6,225 |
| ABRAHAM KIM | DIRECTOR Trustee or director | 2 | $30,000 | $0 |
| KATHLEEN STEPHENS | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| WALTER SHARP | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| YOUNG CHOI | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MICHAEL BURKE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| VICTOR CHA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JUN CHOI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PHILIP GOLDBERG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HARRY HARRIS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SANDOR HAU | DIRECTOR Trustee or director | 2 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HY HETHERINGTON | DIRECTOR Trustee or director | 2 | $0 |
| MIKE JOO | DIRECTOR Trustee or director | 2 | $0 |
| PIOUS JUNG | DIRECTOR Trustee or director | 2 | $0 |
| ANTHONY KIM | DIRECTOR Trustee or director | 2 | $0 |
| THEODORE KWON | DIRECTOR Trustee or director | 2 | $0 |
| JUN BONG LEE | DIRECTOR Trustee or director | 2 | $0 |
| KEVIN LEE | DIRECTOR Trustee or director | 2 | $0 |
| MARK LIPPERT | DIRECTOR Trustee or director | 2 | $0 |
| TAMI OVERBY | DIRECTOR Trustee or director | 2 | $0 |
| MICHAEL WOODS | DIRECTOR Trustee or director | 2 | $0 |
| JJ YU | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THOMAS J BYRNE | PRESIDENT AND CEO Officer | 40 | $303,066 | $18,234 |
| HYUN CHO | FINANCIAL CONTROLLER Highest-paid employee | 40 | $122,702 | $7,117 |
| KATHLEEN STEPHENS | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| CARTER BOOTH | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| YOUNG CHOI | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| NICHOLAS BRATT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL BURKE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| VICTOR CHA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JUN CHOI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KYOUNGSIK CHOI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SUSAN GREENWELL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HARRY HARRIS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HY HETHERINGTON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| OWEN JOE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PIOUS JUNG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SONG K JUNG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ABRAHAM KIM | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ANTHONY KIM | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MEE KIM | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KEVIN LEE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JUN BONG LEE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARK LIPPERT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TAMI OVERBY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| WILLIAM R RHODES | DIRECTOR Trustee or director | 2 | $0 | $0 |
| WALTER SHARP | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL WOODS | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 35 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THOMAS J BYRNE | PRESIDENT AND CEO Officer | 40 | $301,406 | $18,084 |
| JIYOUNG SUH | SENIOR DIRECTOR OF DEVELOPMENT Highest-paid employee | 40 | $129,167 | $27,596 |
| HYUN CHO | FINANCIAL CONTROLLER Highest-paid employee | 40 | $106,443 | $6,140 |
| KATHLEEN STEPHENS | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| CARTER BOOTH | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| YOUNG CHOI | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| BYEONG CHAN BAI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| NICHOLAS BRATT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL BURKE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| VICTOR CHA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JUN CHOI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KYOUNGSIK CHOI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HENRY DO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SUSAN GREENWELL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JI HOON HONG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| THOMAS C HUBBARD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| OWEN YOUNG JOE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PIOUS JUNG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SONG K JUNG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ABRAHAM KIM | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ANTHONY KIM | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HAE-YOUNG KIM | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MEE KIM | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KEVIN LEE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JUN BONG LEE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARK LIPPERT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TAMI OVERBY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHONG-YUN PARK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| WILLIAM R RHODES | DIRECTOR Trustee or director | 2 | $0 | $0 |
| WALTER SHARP | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PHILIP D SHERMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| YONG SOHN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL WOODS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GENE YOON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TAE-BONG YOON | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 350 MADISON AVENUE 24TH FLOOR, NEW YORK, NY 10017-3715
- Principal officer (990 for 2025)
- ABRAHAM KIM, 350 MADISON AVENUE 24TH FLOOR, NEW YORK, NY 10017
- Signed the 990
- ABRAHAM KIM, PRESIDENT & CEO
- Phone
- (212) 759-7525
- Website
- WWW.KOREASOCIETY.ORG
- Return prepared by
- CONDON O'MEARA MCGINTY & DONNELLY LLP
Mission
SEE SCHEDULE O.
Program accomplishments
- MEDIA: SEE SCHEDULE O.Expenses $851,782
- BUSINESS AND ECONOMICS: SEE SCHEDULE O.Expenses $670,885 · grants $2,300 · revenue $9,843
- EDUCATION: SEE SCHEDULE O.Expenses $604,680 · grants $22,000 · revenue $289,332
- POLICY: IN 2025, KOREA SOCIETY'S POLICY PROGRAMS NAVIGATED A YEAR OF PROFOUND GEOPOLITICAL SHIFTS, PROVIDING ESSENTIAL CLARITY AND CREDIBLE INSIGHTS ON THE U.S.-REPUBLIC OF KOREA (ROK) RELATIONSHIP. A DEFINING HIGHLIGHT OF THE YEAR WAS THE VAN FLEET POLICY FORUM, HOSTED AT THE ATLANTIC COUNCIL'S D.C. OFFICE IN PARTNERSHIP WITH THE INDO-PACIFIC SECURITY INITIATIVE. THROUGHOUT THE YEAR, THE SOCIETY'S POLICY TEAM CARRIED OUT LONG-FORM POLICY PROGRAMS AND ENGAGING SHORT-FORM MEDIA FEATURING EXPERT SPEAKERS TOUCHING ON A RANGE OF TOPICS FROM GEOECONOMICS TO DIPLOMACY. THE KIM KOO PROFESSIONAL SERIES REMAINED A CORNERSTONE OF OUR NEW YORK PROGRAMMING, CONVENING BUSINESS, NONPROFIT, ACADEMIC, AND MEDIA PROFESSIONALS FOR SIX SPECIALIZED ROUNDTABLES ON TOPICS RANGING FROM MARITIME SHIPBUILDING COOPERATION TO U.S.-KOREA-JAPAN TRILATERAL RELATIONS. THE SOCIETY HONORED U.S. VETERANS WITH AN ANNUAL ARMISTICE DAY SALUTE TO AMERICAN AND KOREAN AMERICAN VETERANS OF THE KOREAN WAR.TOTAL NUMBER OF PROGRAMS: 27REGISTRANTS FOR ALL PROGRAMS: 5,452YOUTUBE VIEWS FOR ALL PROGRAMS: 118,984PODCAST DOWNLOADS FOR ALL PROGRAMS: 16,747ARTS AND CULTURE: IN 2025, THE ARTS & CULTURE DEPARTMENT CONTINUED ITS MISSION TO PROMOTE THE EXCELLENCE AND DIVERSITY OF KOREAN AND KOREAN-AMERICAN ARTISTS, PERFORMERS, AUTHORS, AND OTHER PROFESSIONALS WITHIN THE ARTS AND CULTURE SECTOR. THIS WAS ACHIEVED BY A VARIETY OF EXHIBITIONS AND PROGRAMS OFFERED BOTH IN-PERSON AND ONLINE. BY PROVIDING NUMEROUS, TARGETED PROGRAMS TO CATER TO DIVERSE INTERESTS AND TASTES, THE ARTS & CULTURE DEPARTMENT SUCCESSFULLY ATTRACTED NEW DEMOGRAPHICS AND AUDIENCES. FURTHERMORE, THESE EFFORTS RAISED THE EXPOSURE AND AWARENESS OF KOREAN ARTS AND CULTURE AMONG ENGLISH-SPEAKING AUDIENCES WHILE PROVIDING A VITAL PLATFORM FOR KOREAN, KOREAN-BORN, AND ARTISTS OF KOREAN DESCENT TO SHOWCASE THEIR WORK. NOTABLE PARTICIPANTS INCLUDED ILYON WOO, THE PULITZER-PRIZE WINNING AUTHOR; SARAH AHN AND NAMSOON AHN, THE AUTHORS OF THE NEW YORK TIMES BESTSELLING COOKBOOK UMMA: A KOREAN MOM'S KITCHEN WISDOM AND 100 FAMILY RECIPES; AND LEE CHANG-DONG, THE CELEBRATED KOREAN AUTEUR.TOTAL NUMBER OF PROGRAM: 38TOTAL REGISTRATIONS [IN-PERSON & ONLINE]: 5,031YOUTUBE VIEWS FOR PROGRAMS: 20,629THE CONGRESSIONAL STUDY GROUP ON KOREA (CGSK), LAUNCHED IN FEBRUARY 2018 WITH THE U.S. ASSOCIATION OF FORMER MEMBERS OF CONGRESS (FMC), ORGANIZES AN ANNUAL STUDY TOUR TO KOREA FOR MEMBERS OF CONGRESS TO DISCUSS KEY U.S.-ROK ISSUES WITH SENIOR KOREAN OFFICIALS. THE SIXTH ANNUAL MEMBER OF CONGRESS STUDY TOUR WAS SUCCESSFULLY COMPLETED IN APRIL 2025 BY FMC IN COLLABORATION WITH THE KOREA SOCIETY. SEVEN MEMBERS OF CONGRESS, INCLUDING ONE CGSK CO-CHAIR AND SIX OTHER REPRESENTATIVES (THREE DEMOCRATS, THREE REPUBLICANS), MET WITH KOREA'S MINISTER OF FOREIGN AFFAIRS AND OTHER HIGH-LEVEL OFFICIALS AS WELL AS KEY KOREAN BUSINESSES AND PARTNERS DURING THE WEEK IN SEOUL AND NEARBY SITES.Expenses $1,292,691 · grants $250,000
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 | 990 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
- 52-1714111
- 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
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q200)
- Assets (IRS master file)
- $32,703,653
- Income (IRS master file)
- $54,351,403
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $11,638,779 | $5,210,526 | $32,703,653 | XML |
| 990 | December 2024 | $3,612,162 | $3,984,029 | $29,283,362 | IRS |
| 990 | December 2023 | $3,540,827 | $3,755,584 | $28,678,396 | XML |
| 990 | December 2022 | $5,439,144 | $3,476,977 | $27,540,832 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 52-1714111).
Questions about KOREA SOCIETY
- What is the EIN of KOREA SOCIETY?
- The employer identification number (EIN) of KOREA SOCIETY is 52-1714111.
- Is KOREA SOCIETY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to KOREA SOCIETY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KOREA SOCIETY 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 KOREA SOCIETY due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KOREA SOCIETY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of KOREA SOCIETY?
- The 990 for the year ended December 31, 2025 names ABRAHAM KIM.
- Who are the officers and directors of KOREA SOCIETY?
- The 990 for the year ended December 31, 2025 lists 26 people; 6 received compensation from the organization, the highest $303,063 (THOMAS J BYRNE, PRESIDENT AND CEO).
- How much revenue does KOREA SOCIETY have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $11,638,779, expenses of $5,210,526 and total assets of $32,703,653 at year end.
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