Nonprofit · EIN 84-3982396
KOREAN AMERICAN SOCIETY OF MASSACHUSETTS INC
Tax-exempt · WOBURN, MA 01801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $13,503 | $14,791 | -$1,288 | $10,685 | – | $10,685 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,266
- Membership dues
- $8,276
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- -$39
Expenses
- Grants and similar amounts paid
- $4,135
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $10,656
- Program services (functional)
- $7,827
Balance sheet and other
- Total assets, start of year
- $13,466
- Total assets, end of year
- $10,685
- Total liabilities, end of year
- –
- Net assets, end of year
- $10,685
- Cash, savings and investments
- $10,685
- Gross receipts
- $14,753
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| YOUNG SOO CHANG | PRESIDENT | 12 | $0 |
| BOMIN KIM | TREASURER | 2 | $0 |
| RICHARD KIM | CLERK | 2 | $0 |
| NIKKIE PARK | VICE PRESIDENT | 2 | $0 |
| RICHARD CHOI | VICE PRESIDENT | 2 | $0 |
| WOO SEOK YANG | SECRETARY GENERAL | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 13 CAMPBELL ST, WOBURN, MA 01801-3605
- Signed the 990-EZ
- YOUNG SOO CHANG, PRESIDENT
- Phone
- (978) 994-0306
- Return prepared by
- BOSTON TAX INTERNATIONAL INC
Mission
TO SPREAD KOREAN CULTURE IN GREATER MASS.
Program accomplishments
- KOREAN INDEPENDENCE DAY CELEBRATION - OVER 300 KOREANS GOT TOGETHER TOCELEBRATE KOREAN INDEPENDENCE DAY (8/15) WITH CEREMONIES, LUNCH, A SING-ALONGCONTEST, AND VARIOUS GAMES.Expenses $5,115
- Korean Independence Movement Event we commemorated the March 1st Korean Independence Movement, educating participants and supporting Korean organizations through presentations and cultural activities.Expenses $1,462
- KIMCHI FESTIVAL - OVER 400 KOREANS AND NON-KOREANS JOINED TO ENJOY KOREAN FOOD,LEARN TO MAKE KIMCHI, PARTICIPATE IN VARIOUS KOREAN FOLK GAMES, AND VIEW TAE KWONDO DEMONSTRATIONS AND TRADITIONAL KOREAN FAN DANCES. A CULTURAL EVENT TO SHOWCASE KOREAN FOOD AND CULTURE TO THE LOCALS.Expenses $1,250
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 April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | Not on file |
| 2024 | April 30, 2025 | September 15, 2025 | Check at the IRS |
| 2023 | April 30, 2024 | September 16, 2024 | Check at the IRS |
IRS record
- EIN
- 84-3982396
- 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
- April
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S80)
- Assets (IRS master file)
- $10,685
- Income (IRS master file)
- $14,753
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $13,503 | $14,791 | $10,685 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | April 2022 | – | – | – | IRS |
| 990-EZ | April 2021 | – | – | – | IRS |
| 990-EZ | April 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 84-3982396).
Questions about KOREAN AMERICAN SOCIETY OF MASSACHUSETTS INC
- What is the EIN of KOREAN AMERICAN SOCIETY OF MASSACHUSETTS INC?
- The employer identification number (EIN) of KOREAN AMERICAN SOCIETY OF MASSACHUSETTS INC is 84-3982396.
- Is KOREAN AMERICAN SOCIETY OF MASSACHUSETTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to KOREAN AMERICAN SOCIETY OF MASSACHUSETTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KOREAN AMERICAN SOCIETY OF MASSACHUSETTS INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of KOREAN AMERICAN SOCIETY OF MASSACHUSETTS INC due?
- The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KOREAN AMERICAN SOCIETY OF MASSACHUSETTS INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of KOREAN AMERICAN SOCIETY OF MASSACHUSETTS INC?
- The 990-EZ for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does KOREAN AMERICAN SOCIETY OF MASSACHUSETTS INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $13,503, expenses of $14,791 and total assets of $10,685 at year end.
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