Nonprofit · EIN 65-1282271
OVERSEAS KOREAN TRADERS ASSOCIATION OF SOUTHERN CALIFORNIA
Also known as OKTASC
Tax-exempt · LOS ANGELES, CA 90010
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $398,937 | $426,491 | -$27,554 | $151,044 | $718 | $150,326 |
| December 31, 2024 | 990 | $349,121 | $352,228 | -$3,107 | $178,650 | $770 | $177,880 |
| December 31, 2023 | 990 | $457,440 | $410,126 | $47,314 | $170,620 | -$10,367 | $180,987 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $165,793
- Membership dues
- $165,793
- Program service revenue
- $226,599
- Investment income
- $6,545
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $49,700
- Salaries, compensation and benefits (total)
- $49,700
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $178,650
- Total assets, end of year
- $151,044
- Total liabilities, end of year
- $718
- Net assets, end of year
- $150,326
- Land, buildings and equipment
- $4,866
- Net assets without donor restrictions
- $150,326
- Gross receipts
- $398,937
- Employees
- 1
- Year formed
- 2006
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHANGJOO KIM | CEO, CFO Officer | 10 | $0 |
| SUNG JOON PARK | SECRETARY Officer | 7 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JUN CHANG | DIRECTOR Trustee or director | 10 | $0 |
| JAMES BYUNGMO CHUNG | CEO, CFO Officer | 10 | $0 |
| KENNETH LEE | SECRETARY Officer | 7 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES CHOE | DIRECTOR Trustee or director | 10 | $0 |
| EDWARD SOHN | CEO, CFO Officer | 10 | $0 |
| KENNETH LEE | SECRETARY Officer | 7 | $0 |
Address and contacts
- Address (IRS master file)
- 4801 WILSHIRE BLVD STE 285, LOS ANGELES, CA 90010-3814
- In care of
- % JOSHUA YOON
- Principal officer (990 for 2025)
- CHANGJOO KIM, 4801 WILSHIRE BLVD, LOS ANGELES, CA 90010
- Signed the 990
- CHANGJOO KIM, CEO
- Website
- WWW.OKTALA.NET
- Return prepared by
- PCH TAX & ACCOUNTING INC
California records
California keeps its own records of charities and corporations. Search them by EIN 65-1282271 or by the name OVERSEAS KOREAN TRADERS ASSOCIATION OF SOUTHERN CALIFORNIA.
- 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
TO PROMOTE MEMBERS MUTUAL BENEFIT THROUGH EXCHANGE OF INFORMATION TO FORM GLOBAL ECONOMIC NETWORK OF OVERSEAS BUSINESSMEN TO PROMOTE TRADE WITH FOREIGN COUNTRIES TO EDUCATE THE KOREAN-AMERICAN PUBLIC IN RUNNING AND OPERATING BUSINESS THROUGH WORKSHOP, SEMINARS TO TRAIN YOUNG BUSINESSMEN AS NEXT GENERATION BUSINESS LEADERS THROUGH TRADE SCHOOL
Program accomplishments
- NEXT GENERATION TRADING SCHOOL
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
- 65-1282271
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $151,044
- Income (IRS master file)
- $398,937
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $398,937 | $426,491 | $151,044 | IRS |
| 990 | December 2024 | $349,121 | $352,228 | $178,650 | XML |
| 990 | December 2023 | $457,440 | $410,126 | $170,620 | XML |
| 990 | December 2022 | $278,221 | $369,480 | $132,143 | 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 65-1282271).
Questions about OVERSEAS KOREAN TRADERS ASSOCIATION OF SOUTHERN CALIFORNIA
- What is the EIN of OVERSEAS KOREAN TRADERS ASSOCIATION OF SOUTHERN CALIFORNIA?
- The employer identification number (EIN) of OVERSEAS KOREAN TRADERS ASSOCIATION OF SOUTHERN CALIFORNIA is 65-1282271.
- Is OVERSEAS KOREAN TRADERS ASSOCIATION OF SOUTHERN CALIFORNIA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2011.
- Are donations to OVERSEAS KOREAN TRADERS ASSOCIATION OF SOUTHERN CALIFORNIA tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does OVERSEAS KOREAN TRADERS ASSOCIATION OF SOUTHERN CALIFORNIA 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 OVERSEAS KOREAN TRADERS ASSOCIATION OF SOUTHERN CALIFORNIA 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 OVERSEAS KOREAN TRADERS ASSOCIATION OF SOUTHERN CALIFORNIA 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 OVERSEAS KOREAN TRADERS ASSOCIATION OF SOUTHERN CALIFORNIA?
- The 990 for the year ended December 31, 2025 names CHANGJOO KIM.
- Who are the officers and directors of OVERSEAS KOREAN TRADERS ASSOCIATION OF SOUTHERN CALIFORNIA?
- The 990 for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does OVERSEAS KOREAN TRADERS ASSOCIATION OF SOUTHERN CALIFORNIA have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $398,937, expenses of $426,491 and total assets of $151,044 at year end.
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