Nonprofit · EIN 95-4290753
KOREAN AMERICAN MUSIC ACADEMY
Tax-exempt · TUJUNGA, CA 91042
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $324,371 | $320,468 | $3,903 | $30,212 | $0 | $30,212 |
| August 31, 2024 | 990 | $216,202 | $211,085 | $5,117 | $26,309 | $0 | $26,309 |
| August 31, 2023 | 990 | $346,376 | $367,335 | -$20,959 | $21,192 | $0 | $21,192 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $155,981
- Program service revenue
- $168,390
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,863
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $94,600
- Salaries, compensation and benefits (total)
- $104,379
- Professional fundraising fees
- $0
- Accounting fees
- $2,806
- Occupancy
- $18,073
- Program services (functional)
- $174,372
Balance sheet and other
- Total assets, start of year
- $26,309
- Total assets, end of year
- $30,212
- Total liabilities, end of year
- $0
- Net assets, end of year
- $30,212
- Gross receipts
- $324,371
- Employees
- 7
- Year formed
- 1989
- State of legal domicile
- CA
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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Yoosun Kim | Secretary Officer, Key employee, Highest-paid employee | 20 | $38,500 |
| Tim Choi | CEO Officer | – | $0 |
| Lina Seunghee Shin | CFO Officer | – | $0 |
990 for the year ended August 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Yoosun Kim | Secretary Officer, Key employee, Highest-paid employee | 20 | $38,500 |
| Tim Choi | CEO Officer | – | $0 |
| Lina Seunghee Shin | CFO Officer | – | $0 |
990 for the year ended August 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Yoosun Kim | Secretary Officer, Key employee, Highest-paid employee | 20 | $38,500 |
| Tim Choi | CEO Officer | – | $0 |
| Lina Seunghee Shin | CFO Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 11049 RENAISSANCE DR, TUJUNGA, CA 91042-1267
- In care of
- % LAURA PARK
- Mailing address (990-N for 2013)
- 58 MAYFAIR, ALISO VIEJO CA 92656
- Principal officer (990 for 2024)
- TIM CHOI, 11049 RENAISSANCE DR, TUJUNGA, CA 91042
- Principal officer (990-N for 2013)
- LAURA PARK, 4844 HAMPTON RD, LA DANADA CA 91011
- Signed the 990
- TIM CHOI, CEO
- Phone
- (818) 653-2188
- Return prepared by
- Dongeun Shin CPA Accountancy Corporation
California records
California keeps its own records of charities and corporations. Search them by EIN 95-4290753 or by the name KOREAN AMERICAN MUSIC ACADEMY.
- 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
provide a unique and important educational experience to young Korean-Americans in gaining, enhancing musical, vocal skills, and building life-long appreciation of music through the experience of sharing the joy of music
Program accomplishments
- Annual concert held at Irvine Barclay Theatre at 4242 Campus Dr Irvine CA 92612 on 6/15/2025Expenses $32,403 · revenue $34,185
- Music Camp held Irvine Ranch Outdoor Education Center, 2 Irvine Park Rd, Orange, CA 92869 on 5/23/25-5/25/25Expenses $18,127 · revenue $19,145
- Concert Tour to Europe, Czech, Austria Slovenia during 7/15/25 to 7/26/25Expenses $115,539 · revenue $112,872
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 95-4290753
- 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
- 1991
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $30,212
- Income (IRS master file)
- $324,371
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $324,371 | $320,468 | $30,212 | XML |
| 990 | August 2024 | $216,202 | $211,085 | $26,309 | XML |
| 990 | August 2023 | $346,376 | $367,335 | $21,192 | XML |
| 990-EZ | August 2022 | – | – | – | IRS |
| 990-EZ | August 2021 | – | – | – | IRS |
| 990-EZ | August 2020 | – | – | – | IRS |
| 990-EZ | August 2018 | – | – | – | IRS |
| 990-N for 2013 Officer: LAURA PARK | August 31, 2014 | ≤ $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 95-4290753).
Questions about KOREAN AMERICAN MUSIC ACADEMY
- What is the EIN of KOREAN AMERICAN MUSIC ACADEMY?
- The employer identification number (EIN) of KOREAN AMERICAN MUSIC ACADEMY is 95-4290753.
- Is KOREAN AMERICAN MUSIC ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to KOREAN AMERICAN MUSIC ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KOREAN AMERICAN MUSIC ACADEMY 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 MUSIC ACADEMY due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KOREAN AMERICAN MUSIC ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of KOREAN AMERICAN MUSIC ACADEMY?
- The 990 for the year ended August 31, 2025 names TIM CHOI.
- Who are the officers and directors of KOREAN AMERICAN MUSIC ACADEMY?
- The 990 for the year ended August 31, 2025 lists 3 people; 1 received compensation from the organization, the highest $38,500 (Yoosun Kim, Secretary).
- How much revenue does KOREAN AMERICAN MUSIC ACADEMY have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $324,371, expenses of $320,468 and total assets of $30,212 at year end.
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