Nonprofit · EIN 87-3284248
KOREAN AMERICAN ASSOCIATION OF LAGUNA WOODS VILLAGE
Tax-exempt · LAGUNA WOODS, CA 92637
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $101,508 | $96,688 | $4,820 | $28,860 | – | $28,860 |
| December 31, 2023 | 990-EZ | $164,095 | $158,311 | $5,784 | $24,040 | – | $24,040 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $101,505
- Other revenue
- $3
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $9,007
- Occupancy
- $4,744
- Printing, publications and postage
- $6,932
- Other expenses
- $76,005
- Program services (functional)
- $96,672
Balance sheet and other
- Total assets, start of year
- $24,040
- Total assets, end of year
- $28,860
- Total liabilities, end of year
- –
- Net assets, end of year
- $28,860
- Cash, savings and investments
- $28,860
- Gross receipts
- $101,508
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 |
|---|---|---|---|
| SOUNG WON PARK | C.E.O | 10 | $0 |
| SANG AM LEE | SECRETARY | 10 | $0 |
| SANG KEUN PARK | C.F.O | 10 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SOUNG WON PARK | CEO | 10 | $0 |
| SANG AM LEE | SECRETARY | 10 | $0 |
| SANG KEUN PARK | CFO | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 2354 VIA MARIPOSA W UNIT 2H, LAGUNA WOODS, CA 92637-1203
- Mailing address (990-N for 2021)
- 3420 Calle Azul Unit 2B, Laguna Woods CA 92637
- Principal officer (990-N for 2021)
- Yong Chin Pak, 3420 Calle Azul Unit 2B, Laguna Woods CA 92637
- Signed the 990-EZ
- SOUNG WON PARK, C.E.O
- Return prepared by
- MPARK & CO
California records
California keeps its own records of charities and corporations. Search them by EIN 87-3284248 or by the name KOREAN AMERICAN ASSOCIATION OF LAGUNA WOODS VILLAGE.
- 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
IT HELD MONTHLY EVENTS/SUPPORTS FOR SENIOR CITIZENS(AROUND 2,000 RESIDENTS) SOME MONTHLY SUPPORTS ARE NEW YEAR FESTIVALPOEMS AND MUSIC, SAXOPHONE PERFORMANCE, PARENTS' DAY, 6.25 EVENTS, CANCER LECTURE, AND SCHOLARSHPS
Program accomplishments
- IT HELD MONTHLY EVENTS/SUPPORTS FOR SENIOR CITIZENS(AROUND 2,000 RESIDENTS) SOME MONTHLY SUPPORTS ARE NEW YEAR FESTIVALPOEMS AND MUSIC, SAXOPHONE PERFORMANCE, PARENTS' DAY, 6.25 EVENTS, CANCER LECTURE, AND SCHOLARSHPSExpenses $96,672
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 87-3284248
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W99)
- Assets (IRS master file)
- $28,860
- Income (IRS master file)
- $101,508
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $101,508 | $96,688 | $28,860 | XML |
| 990-EZ | December 2023 | $164,095 | $158,311 | $24,040 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-N for 2021 Officer: Yong Chin Pak | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
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 87-3284248).
Questions about KOREAN AMERICAN ASSOCIATION OF LAGUNA WOODS VILLAGE
- What is the EIN of KOREAN AMERICAN ASSOCIATION OF LAGUNA WOODS VILLAGE?
- The employer identification number (EIN) of KOREAN AMERICAN ASSOCIATION OF LAGUNA WOODS VILLAGE is 87-3284248.
- Is KOREAN AMERICAN ASSOCIATION OF LAGUNA WOODS VILLAGE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to KOREAN AMERICAN ASSOCIATION OF LAGUNA WOODS VILLAGE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KOREAN AMERICAN ASSOCIATION OF LAGUNA WOODS VILLAGE 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 LAGUNA WOODS VILLAGE 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 LAGUNA WOODS VILLAGE last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of KOREAN AMERICAN ASSOCIATION OF LAGUNA WOODS VILLAGE?
- The 990-N for 2021 names Yong Chin Pak.
- Who are the officers and directors of KOREAN AMERICAN ASSOCIATION OF LAGUNA WOODS VILLAGE?
- The 990-EZ for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does KOREAN AMERICAN ASSOCIATION OF LAGUNA WOODS VILLAGE have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $101,508, expenses of $96,688 and total assets of $28,860 at year end.
Other nonprofits in LAGUNA WOODS
- LAGUNA WOODS CIVIC SUPPORT FUND EIN 81-2456523 · last filed 990-N for 2024
- 40TH DIVISION ALUMNI ASSOCIATION EIN 81-3926011 · last filed 990-N for 2025
- K-LIFE STORY USA EIN 33-3818054 · last filed 990-N for 2025
- VILLAGE COMMUNITY FUND EIN 82-3793600 · last filed 990-N for 2025
- FRIENDSHIP SHELTER INC EIN 33-0219404 · last filed 990 for 2024
- UNITY SCHOOLS SOCAL EIN 47-5042958 · last filed 990 for 2025
- THE FOUNDATION OF LAGUNA WOODS VILLAGE EIN 33-0757151 · last filed 990 for 2025
- GENEVA CHILDRENS CENTER EIN 46-3114188 · last filed 990 for 2025
All nonprofits in LAGUNA WOODS · California · Public and societal benefit