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Nonprofit · EIN 88-3633291

KOREA US QUANTUM TECHNOLOGY COOPERATION CENTER

Tax-exempt · VIENNA, VA 22182

Financials

$618K$618K2023$730K$727K2024
Revenue Expenses · by fiscal year end
Financials of KOREA US QUANTUM TECHNOLOGY COOPERATION CENTER by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$729,934$727,128$2,806$148,698$126,175$22,523
December 31, 2023990$617,900$617,714$186$376,552$356,835$19,717
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$729,373
of which government grants
$729,373
Program service revenue
$0
Investment income
$0
Other revenue
$561

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$236,500
Other salaries and wages
$108,578
Salaries, compensation and benefits (total)
$368,121
Professional fundraising fees
$0
Occupancy
$44,629
Travel
$75,561
Depreciation
$2,150
Program services (functional)
$727,128

Balance sheet and other

Total assets, start of year
$376,552
Total assets, end of year
$148,698
Total liabilities, end of year
$126,175
Net assets, end of year
$22,523
Land, buildings and equipment
$7,107
Net assets without donor restrictions
$22,523
Gross receipts
$729,934
Employees
3

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
YOONCHAE CHEONGPRESIDENT
Officer
40$236,500
SEOK HO KIMDIRECTOR
Trustee or director
2$0
KYOUNG LIM LEEDIRECTOR
Trustee or director
2$0
JI BEOM YOODIRECTOR
Trustee or director
2$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
YOONCHAE CHEONGPRESIDENT
Officer
40$220,000
SEOK HO KIMDIRECTOR
Trustee or director
2$0
KYOUNG LIM LEEDIRECTOR
Trustee or director
2$0
JI BEOM YOODIRECTOR
Trustee or director
2$0

Address and contacts

Address (IRS master file)
1952 GALLOWS RD STE 200, VIENNA, VA 22182-3823
In care of
% YOON CHAE CHEONG
Principal officer (990 for 2024)
YOONCHAE CHEONG, 1952 GALLOWS RD STE 200, VIENNA, VA 22182
Signed the 990
YOONCHAE CHEONG, PRESIDENT
Phone
(571) 317-4125
Return prepared by
BOM HOE HUH CPA

Mission

ENHANCEMENT OF PUBLIC AND PRIVATE COOPERATION BETWEEN KOREA AND UNITED STATES TO PROTECT AND PROMOTE CRITICAL AND EMERGING QUANTUM TECHNOLOGY

990 for the year ended December 31, 2024

Program accomplishments

  • KOREA-US QUANTUM TECHNOLOGY COOPERATION
    Expenses $727,128

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 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
88-3633291
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
Assets (IRS master file)
$148,698
Income (IRS master file)
$729,934

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$729,934$727,128$148,698XML
990December 2023$617,900$617,714$376,552XML
990December 2022$175,932$156,401$379,552IRS

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 88-3633291).

Questions about KOREA US QUANTUM TECHNOLOGY COOPERATION CENTER

What is the EIN of KOREA US QUANTUM TECHNOLOGY COOPERATION CENTER?
The employer identification number (EIN) of KOREA US QUANTUM TECHNOLOGY COOPERATION CENTER is 88-3633291.
Is KOREA US QUANTUM TECHNOLOGY COOPERATION CENTER tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to KOREA US QUANTUM TECHNOLOGY COOPERATION CENTER tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does KOREA US QUANTUM TECHNOLOGY COOPERATION CENTER 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 KOREA US QUANTUM TECHNOLOGY COOPERATION CENTER 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 KOREA US QUANTUM TECHNOLOGY COOPERATION CENTER 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 KOREA US QUANTUM TECHNOLOGY COOPERATION CENTER?
The 990 for the year ended December 31, 2024 names YOONCHAE CHEONG.
Who are the officers and directors of KOREA US QUANTUM TECHNOLOGY COOPERATION CENTER?
The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $236,500 (YOONCHAE CHEONG, PRESIDENT).
How much revenue does KOREA US QUANTUM TECHNOLOGY COOPERATION CENTER have?
On its 990 for the year ended December 31, 2024 it reported revenue of $729,934, expenses of $727,128 and total assets of $148,698 at year end.

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