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Nonprofit · EIN 83-4431937

KOREATOWN PLANNING COMMITTEE BOARD INC

Tax-exempt · CLARKSVILLE, MD 21029

Financials

$15K$27K2023$5K$14K2024
Revenue Expenses · by fiscal year end
Financials of KOREATOWN PLANNING COMMITTEE BOARD INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$5,100$14,363-$9,263$29,682$0$29,682
December 31, 2023990$15,291$26,664-$11,373$38,945$0$38,945
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$5,100
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$250
Program services (functional)
$14,363

Balance sheet and other

Total assets, start of year
$38,945
Total assets, end of year
$29,682
Total liabilities, end of year
$0
Net assets, end of year
$29,682
Gross receipts
$5,100
Employees
0
Volunteers
13
Year formed
2019
State of legal domicile
MD

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
NONENONE–$0
990 for the year ended December 31, 2023: 1 people
NameTitleHours / weekCompensation
NONENONE–$0

Address and contacts

Address (IRS master file)
7001 WESTCOTT PL, CLARKSVILLE, MD 21029-1730
In care of
% HENRY S KIM
Principal officer (990 for 2024)
SOO PARK, 8527 HILL SPRING DR, LUTHERVILLE TIMONIUM, MD 21093
Signed the 990
SOO PARK, CHAIRMAN
Phone
(301) 532-3778
Return prepared by
Nam S Kim CPA INC

Mission

PROMOTING KOREAN AMERICAN CULTURE AND HISTORY

990 for the year ended December 31, 2024

Program accomplishments

  • PROMOTING KOREAN CULTURE & HISTORY BY ESTABLISHING A KOREATOWN CONCEPT
    Expenses $14,363 · revenue $5,100

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
83-4431937
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
2019
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$29,682
Income (IRS master file)
$5,100

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$5,100$14,363$29,682XML
990December 2023$15,291$26,664$38,945XML
990December 2022$70,999$120,078$50,318IRS
990December 2021–––IRS
990December 2020–––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 83-4431937).

Questions about KOREATOWN PLANNING COMMITTEE BOARD INC

What is the EIN of KOREATOWN PLANNING COMMITTEE BOARD INC?
The employer identification number (EIN) of KOREATOWN PLANNING COMMITTEE BOARD INC is 83-4431937.
Is KOREATOWN PLANNING COMMITTEE BOARD INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
Are donations to KOREATOWN PLANNING COMMITTEE BOARD INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does KOREATOWN PLANNING COMMITTEE BOARD INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of KOREATOWN PLANNING COMMITTEE BOARD 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 KOREATOWN PLANNING COMMITTEE BOARD 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 KOREATOWN PLANNING COMMITTEE BOARD INC?
The 990 for the year ended December 31, 2024 names SOO PARK.
Who are the officers and directors of KOREATOWN PLANNING COMMITTEE BOARD INC?
The 990 for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
How much revenue does KOREATOWN PLANNING COMMITTEE BOARD INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $5,100, expenses of $14,363 and total assets of $29,682 at year end.

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