Nonprofit · EIN 83-2643174
KOREAN AMERICAN ASSOCIATION OF INDIANA
Tax-exempt · INDIANAPOLIS, IN 46250
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $105,351 | $97,120 | $8,231 | $108,428 | $1,000 | $107,428 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $105,351
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $500
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $3,856
- Occupancy
- $72,764
- Depreciation
- $3,339
- Program services (functional)
- $74,382
- Management and general (functional)
- $8,248
- Fundraising (functional)
- $14,490
Balance sheet and other
- Total assets, start of year
- $100,197
- Total assets, end of year
- $108,428
- Total liabilities, end of year
- $1,000
- Net assets, end of year
- $107,428
- Land, buildings and equipment
- $37,331
- Net assets without donor restrictions
- $47,172
- Net assets with donor restrictions
- $60,256
- Gross receipts
- $105,351
- Employees
- 0
- Volunteers
- 25
- Year formed
- 2019
- State of legal domicile
- IN
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 |
|---|---|---|---|
| BJ Sung | Director Trustee or director | 1 | $0 |
| Samuel K Huh | Director Trustee or director | 1 | $0 |
| Lewis Lee | Director Trustee or director | 1 | $0 |
| Seok B Yun | Director Trustee or director | 1 | $0 |
| Sam Young Song | Director Trustee or director | 1 | $0 |
| Hai soo Woo | President Officer | 5 | $0 |
| Taedoo Kim | Chief Administrator Officer | 5 | $0 |
| Richard Y Ryu | Treasurer Officer | 5 | $0 |
| Song Y Kang | Audit Director Officer | 5 | $0 |
| Jungkook Lee | Director of Strategic Planning Officer | 5 | $0 |
| John J Lee | Director of Education Officer | 5 | $0 |
| Hae lee Cho | Director of Law Officer | 5 | $0 |
| Rae Basbagill | Director of Business Development Officer | 5 | $0 |
| Sul Lee | Director of Medical Bureau Officer | 5 | $0 |
| Sung J Kim | Vice President Officer | 5 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sangyong Lee | Secretary General Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 8510 CENTER RUN RD STE A, INDIANAPOLIS, IN 46250-4569
- In care of
- % SANGYONG LEE
- Mailing address (990-N for 2023)
- 8510 Center Run DR STE A, Indianapolis IN 46250
- Principal officer (990 for 2024)
- Hai soo Woo, 720 S Rangeline RD Apt 523, Carmel, IN 46032
- Principal officer (990-N for 2023)
- Hai soo Woo, 720 S Rangeline RD Apt 523, Carmel IN 46032
- Signed the 990
- SANGYONG LEE, Secretary General
- Phone
- (317) 345-6958
- Website
- kaaindiana.org
- Return prepared by
- RYR Accounting & Business Consultin
Mission
to promote fellowship and ties between Korean-Americans contributing to the development of Korean American society.
Program accomplishments
- Fundraising for Indiana Korean Center.Expenses $73,264 · grants $73,800 · revenue $536
- K-Golf program: Golf outing event for fundraising to build Indiana Korean Center. - 5/5/2024 Pebblebrook Golf Club - Golf outing and fundraising for Korean-American Association BuildingExpenses $1,118 · grants $30,851 · revenue $29,732
- Indy International Festival Participating Indy International Festival at Indiana State Fairground
- New Years rice cake soup event - 1/6/2024 Korean-American Association office - 60 participants - Invited senior people for the seasons greeting on New Years Daygrants $700 · revenue $700
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-N on file |
IRS record
- EIN
- 83-2643174
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P84)
- Assets (IRS master file)
- $108,428
- Income (IRS master file)
- $105,351
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $105,351 | $97,120 | $108,428 | XML |
| 990-N for 2023 Officer: Hai soo Woo | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: Hai soo Woo | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 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 83-2643174).
Questions about KOREAN AMERICAN ASSOCIATION OF INDIANA
- What is the EIN of KOREAN AMERICAN ASSOCIATION OF INDIANA?
- The employer identification number (EIN) of KOREAN AMERICAN ASSOCIATION OF INDIANA is 83-2643174.
- Is KOREAN AMERICAN ASSOCIATION OF INDIANA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to KOREAN AMERICAN ASSOCIATION OF INDIANA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KOREAN AMERICAN ASSOCIATION OF INDIANA 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 INDIANA 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 INDIANA 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 INDIANA?
- The 990 for the year ended December 31, 2024 names Hai soo Woo.
- Who are the officers and directors of KOREAN AMERICAN ASSOCIATION OF INDIANA?
- The 990 for the year ended December 31, 2024 lists 16 people; 0 received compensation from the organization.
- How much revenue does KOREAN AMERICAN ASSOCIATION OF INDIANA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $105,351, expenses of $97,120 and total assets of $108,428 at year end.
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