Nonprofit · EIN 88-1060189
THE KOREAN AMERICAN INSTITUTE
Tax-exempt · WASHINGTON DC, DC 20005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $552,155 | $620,645 | -$68,490 | $62,834 | $0 | $62,834 |
| December 31, 2024 | 990 | $59,843 | $406,665 | -$346,822 | $131,324 | $0 | $131,324 |
| December 31, 2023 | 990 | $5,040 | $10,673 | -$5,633 | $478,146 | $0 | $478,146 |
| December 31, 2022 | 990 | $510,100 | $26,321 | $483,779 | $0 | $0 | $0 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $542,400
- Program service revenue
- $9,755
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $250,000
- Other salaries and wages
- $74,359
- Salaries, compensation and benefits (total)
- $422,397
- Professional fundraising fees
- $0
- Legal fees
- $293
- Accounting fees
- $1,310
- Travel
- $4,105
- Program services (functional)
- $147,825
- Management and general (functional)
- $472,820
Balance sheet and other
- Total assets, start of year
- $131,324
- Total assets, end of year
- $62,834
- Total liabilities, end of year
- $0
- Net assets, end of year
- $62,834
- Net assets without donor restrictions
- $62,834
- Gross receipts
- $552,155
- Employees
- 0
- Volunteers
- 6
- Year formed
- 2022
- State of legal domicile
- DC
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 |
|---|---|---|---|
| MARK KEAM | PRESIDENT Officer, Key employee, Highest-paid employee | 40 | $250,000 |
| JOHN LIM | CHAIR Trustee or director, Officer | 2 | $0 |
| JERRY KANG | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| ANDREW KIM | SECRETARY Trustee or director, Officer | 1 | $0 |
| TAEKU LEE | TREASURER Trustee or director, Officer | 1 | $0 |
| CATHARINA MIN | BOARD MEMBER Trustee or director | 0 | $0 |
| HELENE KIM | BOARD MEMBER Trustee or director | 0 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK KEAM | PRESIDENT Key employee | 40 | $250,000 |
| JOHN LIM | CHAIR Trustee or director, Officer | 2 | $0 |
| JERRY KANG | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| ANDREW KIM | SECRETARY Trustee or director, Officer | 1 | $0 |
| TAEKU LEE | TREASURER Trustee or director, Officer | 0 | $0 |
| CATHARINA MIN | BOARD MEMBER Trustee or director | 0 | $0 |
| HELENE KIM | BOARD MEMBER Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN LIM | CHAIR Trustee or director, Officer | 2 | $0 |
| JERRY KANG | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| ANDREW KIM | SECRETARY Trustee or director, Officer | 1 | $0 |
| TAEKU LEE | BOARD MEMBER Trustee or director | 0 | $0 |
| CATHARINA MIN | BOARD MEMBER Trustee or director | 0 | $0 |
990 for the year ended December 31, 2022: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN LIM | CHAIR Trustee or director, Officer | 2 | $0 |
| JERRY KANG | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| TAEKU LEE | BOARD MEMBER Trustee or director | 0 | $0 |
| DAVID KIM | TREASURER,SECRETARY Trustee or director, Officer | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 1444 I STREET NW, WASHINGTON DC, DC 20005-2210
- Principal officer (990 for 2025)
- Mark Keam, 1444 I ST NW SUITE 700, Washington, DC 20005
- Signed the 990
- Mark Keam, PRESIDENT
- Phone
- (202) 505-0300
- Website
- KA.INSTITUTE
Mission
KOREAN AMERICAN INSTITUTE IS A NONPROFIT ORGANIZATION WHOSE MISSION IS TO CREATE AN AMERICAN DEMOCRACY WHERE KOREAN AMERICANS MATTER BY PRODUCING AND SHARING INSIGHTUL AND ACTIONABLE RESEARCH TO IMPROVE DECISION MAKING ON ISSUES FACING KOREAN AMERICANS.
Program accomplishments
- KAI'S FIRST PROGRAM IN 2025 WAS TO LAUNCH A PROJECT TO CONDUCT A NATIONAL SURVEY OF THE KOREAN AMERICAN COMMUNITY TARGETING A REPRESENTATIVE SAMPLE OF 1,500 INDIVIDUALS. USING PHONE AND ONLINE QUESTIONS, THE SURVEY IS DESIGNED TO ASCERTAIN THE MOST UP TO DATE DEMOGRAPHIC INFORMATION AND ATTITUDES ABOUT VARIOUS ISSUES TO REFLECT THE CURRENT STATE OF KOREANS AND KOREAN AMERICANS IN THE UNITED STATES. THIS IS A TWO-YEAR PROJECT AND KAI SPENT $77,000 DURING 2025.Expenses $77,000 · grants $30,000
- KAI'S SECOND PROGRAM IN 2025 WAS CONDUCTING ORIGINAL RESEARCH TO DETERMINE THE CONTRIBUTIONS MADE BY KOREAN AMERICANS TO THE ECONOMY OF THE UNITED STATES. KAI COMMISSIONED AN ECONOMIST TO LEAD THIS PROJECT WHICH SHOULD BE CONCLUDED BY SUMMER OF 2026. KAI PLANS TO PUBLISH THE RESULTS ON ITS WEBSITE FOR PUBLIC CONSUMPTION. KAI PLANS TO SHARE THE FINDINGS WITH POLICYMAKERS, ACADEMIC INSTITUTIONS, AND INTERESTED ORGANIZATIONS. KAI SPENT $17,500 DURING 2025.Expenses $17,500
- KAI'S THIRD PROGRAM IN 2025 WAS TO HOST A NATIONAL CONFERENCE TO EDUCATE THE KOREAN AMERICAN COMMUNITY ON POLICY ISSUES OF IMPORTANCE. OVER THE WEEKEND OF SEPTEMBER 12-14, 2025, OVER 125 INDIVIDUALS FROM ACROSS THE NATION GATHERED IN PHILADELPHIA TO HEAR FROM EXPERTS AND TO SHARE IDEAS ON HOW TO SUPPORT THE NEEDS OF THE KOREAN AMERICAN COMMUNITY. KAI SPENT $53,324.77 ON THE VENUE, SET UP, WEBSITE, AUDIO/VIDEO, TRAVEL, MEALS, AND OTHER MEETING EXPENSES.Expenses $53,325 · revenue $9,755
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
- 88-1060189
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B05)
- Assets (IRS master file)
- $62,834
- Income (IRS master file)
- $552,155
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $552,155 | $620,645 | $62,834 | IRS |
| 990 | December 2024 | $59,843 | $406,665 | $131,324 | IRS |
| 990 | December 2023 | $5,040 | $10,673 | $478,146 | XML |
| 990 | December 2022 | $510,100 | $26,321 | $0 | XML |
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 88-1060189).
Questions about THE KOREAN AMERICAN INSTITUTE
- What is the EIN of THE KOREAN AMERICAN INSTITUTE?
- The employer identification number (EIN) of THE KOREAN AMERICAN INSTITUTE is 88-1060189.
- Is THE KOREAN AMERICAN INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to THE KOREAN AMERICAN INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE KOREAN AMERICAN INSTITUTE 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 THE KOREAN AMERICAN INSTITUTE 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 THE KOREAN AMERICAN INSTITUTE 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 THE KOREAN AMERICAN INSTITUTE?
- The 990 for the year ended December 31, 2025 names Mark Keam.
- Who are the officers and directors of THE KOREAN AMERICAN INSTITUTE?
- The 990 for the year ended December 31, 2025 lists 7 people; 1 received compensation from the organization, the highest $250,000 (MARK KEAM, PRESIDENT).
- How much revenue does THE KOREAN AMERICAN INSTITUTE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $552,155, expenses of $620,645 and total assets of $62,834 at year end.
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