Nonprofit · EIN 95-4217438
KOREA ARTS FOUNDATION OF AMERICA
Also known as KAFA
Tax-exempt (reinstated) · LOS ANGELES, CA 90010
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $13,813 | $19,481 | -$5,668 | $109,550 | – | $109,550 |
| December 31, 2023 | 990-EZ | $12,703 | $19,709 | -$7,006 | $115,218 | – | $115,218 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $9,300
- Investment income
- $4,513
Expenses
- Grants and similar amounts paid
- $12,100
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $2,435
- Other expenses
- $4,946
- Program services (functional)
- $12,885
Balance sheet and other
- Total assets, start of year
- $115,218
- Total assets, end of year
- $109,550
- Total liabilities, end of year
- –
- Net assets, end of year
- $109,550
- Cash, savings and investments
- $109,550
- Gross receipts
- $13,813
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 |
|---|---|---|---|
| GLORIA D LEE | PRESIDENT | 4 | $0 |
| FRANK LEE | SECRETARY | 4 | $0 |
| LISA HWANG | CFO | 4 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GLORIA D LEE | PRESIDENT | 4 | $0 |
| FRANK LEE | SECRETARY | 4 | $0 |
| LISA HWANG | CFO | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 3435 WILSHIRE BLVD STE 1950, LOS ANGELES, CA 90010-1934
- Mailing address (990-N for 2008)
- 3824 Lunca Ct, Altadena CA 91001
- Principal officer (990-N for 2008)
- Kyungja Oh, 3824 Luna Ct, Altadena CA 91001
- Signed the 990-EZ
- LISA HWANG, CFO
- Phone
- (213) 383-9665
- Website
- HTTPS://KAFA.US/ABOUT
- Return prepared by
- SARA YEWON KIM CPA
California records
California keeps its own records of charities and corporations. Search them by EIN 95-4217438 or by the name KOREA ARTS FOUNDATION OF AMERICA.
- 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
THE PURPOSE OF THE ORGANIZATION IS TO PROMOTE CREATIVITY, RESEARCH, STUDY AND EXHIBITIONS IN THE ARTS. KAFA ARMS TO ENCOURAGE COOPERATION AND FREE EXCHANGE AMONG THOSE WHO ARE INTERESTED IN THE ARTS, TO PROVIDE EDUCATIONAL FACILITIES AND SERVICES FOR PERSONS AND ORGANIZATIONS ENGAGED IN ALL FORMS OF ARTISTIC STUDIES, AND TO COORDINATE, PLAN, ORGANIZE AND EXECUTE ART PROJECTS. ITS GOALS ARE ALSO TO FACILITATE THE CAPABILITY FOR REALIZING CREATIVE ENDEAVORS, AND TO ENHANCE, ENCOURAGE AND NURTURE ARTISTIC ACCOMPLISHMENTS, AND TO KNOWLEDGE THE PRESENCE OF OUTSTANDING KOREAN- AMERICAN ARTISTS.
Program accomplishments
- THE PURPOSE OF THE ORGANIZATION IS TO PROMOTE CREATIVITY, RESEARCH, STUDY AND EXHIBITIONS IN THE ARTS. KAFA ARMS TO ENCOURAGE COOPERATION AND FREE EXCHANGE AMONG THOSE WHO ARE INTERESTED IN THE ARTS, TO PROVIDE EDUCATIONAL FACILITIES AND SERVICES FOR PERSONS AND ORGANIZATIONS ENGAGED IN ALL FORMS OF ARTISTIC STUDIES, AND TO COORDINATE, PLAN, ORGANIZE AND EXECUTE ART PROJECTS. ITS GOALS ARE ALSO TO FACILITATE THE CAPABILITY FOR REALIZING CREATIVE ENDEAVORS, AND TO ENHANCE, ENCOURAGE AND NURTURE ARTISTIC ACCOMPLISHMENTS, AND TO KNOWLEDGE THE PRESENCE OF OUTSTANDING KOREAN- AMERICAN ARTISTS.Expenses $12,100 · grants $12,100
- THE PURPOSE OF THE ORGANIZATION IS TO PROMOTE CREATIVITY, RESEARCH, STUDY AND EXHIBITIONS IN THE ARTS. KAFA ARMS TO ENCOURAGE COOPERATION AND FREE EXCHANGE AMONG THOSE WHO ARE INTERESTED IN THE ARTS, TO PROVIDE EDUCATIONAL FACILITIES AND SERVICES FOR PERSONS AND ORGANIZATIONS ENGAGED IN ALL FORMS OF ARTISTIC STUDIES, AND TO COORDINATE, PLAN, ORGANIZE AND EXECUTE ART PROJECTS. ITS GOALS ARE ALSO TO FACILITATE THE CAPABILITY FOR REALIZING CREATIVE ENDEAVORS, AND TO ENHANCE, ENCOURAGE AND NURTURE ARTISTIC ACCOMPLISHMENTS, AND TO KNOWLEDGE THE PRESENCE OF OUTSTANDING KOREAN- AMERICAN ARTISTS.Expenses $785
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 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
- 95-4217438
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Arts, culture and humanities (A99)
- Assets (IRS master file)
- $109,550
- Income (IRS master file)
- $13,813
Revocation and reinstatement
- Exemption revoked
- May 15, 2012
- Posted by the IRS
- February 11, 2013
- Reinstated
- Effective May 15, 2012
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $13,813 | $19,481 | $109,550 | IRS |
| 990-EZ | December 2023 | $12,703 | $19,709 | $115,218 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2008 Officer: Kyungja Oh | December 31, 2008 | ≤ $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 95-4217438).
Questions about KOREA ARTS FOUNDATION OF AMERICA
- What is the EIN of KOREA ARTS FOUNDATION OF AMERICA?
- The employer identification number (EIN) of KOREA ARTS FOUNDATION OF AMERICA is 95-4217438.
- Is KOREA ARTS FOUNDATION OF AMERICA tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2012 and reinstated it effective May 15, 2012.
- Are donations to KOREA ARTS FOUNDATION OF AMERICA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KOREA ARTS FOUNDATION OF AMERICA file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of KOREA ARTS FOUNDATION OF AMERICA 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 ARTS FOUNDATION OF AMERICA 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 KOREA ARTS FOUNDATION OF AMERICA?
- The 990-N for 2008 names Kyungja Oh.
- Who are the officers and directors of KOREA ARTS FOUNDATION OF AMERICA?
- The 990-EZ for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does KOREA ARTS FOUNDATION OF AMERICA have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $13,813, expenses of $19,481 and total assets of $109,550 at year end.
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