Nonprofit · EIN 95-4587632
KOREAN AMERICAN INSURANCE PROFESSIONAL ASSOCIATION
Tax-exempt · LOS ANGELES, CA 90076
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $199,961 | $216,972 | -$17,011 | $9,906 | $0 | $9,906 |
| December 31, 2024 | 990 | $114,329 | $136,759 | -$22,430 | $26,917 | $0 | $26,917 |
| December 31, 2023 | 990 | $222,104 | $190,478 | $31,626 | $49,347 | $0 | $49,347 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $199,961
- Membership dues
- $17,170
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,180
- Travel
- $2,705
- Program services (functional)
- $128,908
- Management and general (functional)
- $88,064
Balance sheet and other
- Total assets, start of year
- $26,917
- Total assets, end of year
- $9,906
- Total liabilities, end of year
- $0
- Net assets, end of year
- $9,906
- Gross receipts
- $199,961
- Employees
- 0
- Year formed
- 1996
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRIAN LEE | BOARD MEMBER Trustee or director | – | $0 |
| JANE SHIN | BOARD MEMBER Trustee or director | – | $0 |
| YUNE JUNG CHANG | BOARD MEMBER Trustee or director | – | $0 |
| BILLY WOO | BOARD MEMBER Trustee or director | – | $0 |
| CHARLIE CHIN | BOARD MEMBER Trustee or director | – | $0 |
| DAVID SONG | CHAIRMAN Officer | – | $0 |
| EDWARD HAHN | BOARD MEMBER Trustee or director | – | $0 |
| JAY YU | BOARD MEMBER Trustee or director | – | $0 |
| JULIA KIM | BOARD MEMBER Trustee or director | – | $0 |
| MATTHEW KIM | BOARD MEMBER Trustee or director | – | $0 |
| RICKY CHOI | VICE PRESIDE Officer | – | $0 |
| SUNNY KWON | PRESIDENT Officer | – | $0 |
| VIVIAN JIN | BOARD MEMBER Trustee or director | – | $0 |
| WAYNE PARK | BOARD MEMBER Trustee or director | – | $0 |
| YOUNG NOH LEE | VICE PRESIDE Officer | – | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARC JUNG | VICE PRESIDE Officer | – | $0 |
| RYAN LEE | BOARD MEMBER Trustee or director | – | $0 |
| BRANDON LEE | BOARD MEMBER Trustee or director | – | $0 |
| JAMES SUH | BOARD MEMBER Trustee or director | – | $0 |
| PATRICK SUNGHOON JOUNG | BOARD MEMBER Trustee or director | – | $0 |
| KAI KANGWOON LEE | BOARD MEMBER Trustee or director | – | $0 |
| INSUNG LEE | VICE PRESIDE Officer | – | $0 |
| JEFF KIM | BOARD MEMBER Trustee or director | – | $0 |
| RICK SANGHWAN KIM | BOARD MEMBER Trustee or director | – | $0 |
| KEVIN LIM | SECRETARY Officer | – | $0 |
990 for the year ended December 31, 2024: 23 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAEWOO LEE | CEO Officer | – | $0 |
| JANE SHIN | SECRETARY Officer | – | $0 |
| BILLY WOO | BOARD MEMBER Trustee or director | – | $0 |
| CHARLIE CHIN | BOARD MEMBER Trustee or director | – | $0 |
| DAVID SONG | BOARD MEMBER Trustee or director | – | $0 |
| EDWARD HAHN | BOARD MEMBER Trustee or director | – | $0 |
| JAY YU | BOARD MEMBER Trustee or director | – | $0 |
| JULIA KIM | VICE PRESIDE Trustee or director | – | $0 |
| MATTHEW KIM | BOARD MEMBER Trustee or director | – | $0 |
| RICKY CHOI | BOARD MEMBER Trustee or director | – | $0 |
| SUNNY KWON | BOARD MEMBER Trustee or director | – | $0 |
| VIVIAN JIN | VICE PRESIDE Trustee or director | – | $0 |
| WAYNE PARK | VICE PRESIDE Trustee or director | – | $0 |
| YOUNG NOH LEE | BOARD MEMBER Trustee or director | – | $0 |
| MARC JUNG | BOARD MEMBER Trustee or director | – | $0 |
| RYAN LEE | BOARD MEMBER Trustee or director | – | $0 |
| BRANDON LEE | BOARD MEMBER Trustee or director | – | $0 |
| JAMES SUH | BOARD MEMBER Trustee or director | – | $0 |
| PATRICK SUNGHOON JOUNG | BOARD MEMBER Trustee or director | – | $0 |
| KAI KANGWOON LEE | BOARD MEMBER Trustee or director | – | $0 |
| INSUNG LEE | BOARD MEMBER Trustee or director | – | $0 |
| JEFF KIM | BOARD MEMBER Trustee or director | – | $0 |
| RICK SANGHWAN KIM | BOARD MEMBER Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAEWOO LEE | CEO Officer | – | $0 |
| JANE SHIN | SECRETARY Officer | – | $0 |
| BENJAMIN HAN | BOARD MEMBER Trustee or director | – | $0 |
| BILLY WOO | BOARD MEMBER Trustee or director | – | $0 |
| CHARLIE CHIN | BOARD MEMBER Trustee or director | – | $0 |
| DAVID SONG | BOARD MEMBER Trustee or director | – | $0 |
| EDWARD HAHN | BOARD MEMBER Trustee or director | – | $0 |
| JAY YU | BOARD MEMBER Trustee or director | – | $0 |
| JULIA KIM | VICE PRESIDE Trustee or director | – | $0 |
| MATTHEW KIM | BOARD MEMBER Trustee or director | – | $0 |
| RICKY CHOI | BOARD MEMBER Trustee or director | – | $0 |
| SEBASTIAN KIM | BOARD MEMBER Trustee or director | – | $0 |
| SUNNY KWON | BOARD MEMBER Trustee or director | – | $0 |
| TED LEE | BOARD MEMBER Trustee or director | – | $0 |
| VIVIAN JIN | VICE PRESIDE Trustee or director | – | $0 |
| WAYNE PARK | VICE PRESIDE Trustee or director | – | $0 |
| WILLIAM BAE | BOARD MEMBER Trustee or director | – | $0 |
| YOUNG NOH LEE | BOARD MEMBER Trustee or director | – | $0 |
| MARC JUNG | BOARD MEMBER Trustee or director | – | $0 |
| RYAN LEE | BOARD MEMBER Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 761399, LOS ANGELES, CA 90076-1399
- Principal officer (990 for 2025)
- SUNNY KWON, PO BOX 761399, LOS ANGELES, CA 90076
- Signed the 990
- SUNNY KWON, PRESIDENT
- Phone
- (213) 598-4270
- Website
- WWW.KAIFPA.ORG
- Return prepared by
- MOUNTAIN LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 95-4587632 or by the name KOREAN AMERICAN INSURANCE PROFESSIONAL ASSOCIATION.
- 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
PUBLICATION OF CONSUMER INSURANCE GUIDE BOOK IN KOREAN LANGUAGE FOR BENEFIT OF KOREAN COMMUNITY IN GENERAL. PUBLICATION OF NEWSLETTERS TO MEMBERS TO PROVIDE FORUM AND INFORMATION.
Program accomplishments
- PUBLICATION OF CONSUMER INSURANCE GUIDE BOOK IN KOREAN LANGUAGEExpenses $126,408
- SUPPORT OTHER COMMUNITY MEMBERS OR OTHER NON-PROFIT ORGANIZATION.Expenses $2,500
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
- 95-4587632
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $9,906
- Income (IRS master file)
- $199,961
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $199,961 | $216,972 | $9,906 | IRS |
| 990 | December 2024 | $114,329 | $136,759 | $26,917 | XML |
| 990 | December 2023 | $222,104 | $190,478 | $49,347 | XML |
| 990 | December 2022 | $0 | $0 | $23,454 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 95-4587632).
Questions about KOREAN AMERICAN INSURANCE PROFESSIONAL ASSOCIATION
- What is the EIN of KOREAN AMERICAN INSURANCE PROFESSIONAL ASSOCIATION?
- The employer identification number (EIN) of KOREAN AMERICAN INSURANCE PROFESSIONAL ASSOCIATION is 95-4587632.
- Is KOREAN AMERICAN INSURANCE PROFESSIONAL ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1999.
- Are donations to KOREAN AMERICAN INSURANCE PROFESSIONAL ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does KOREAN AMERICAN INSURANCE PROFESSIONAL ASSOCIATION 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 INSURANCE PROFESSIONAL ASSOCIATION 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 KOREAN AMERICAN INSURANCE PROFESSIONAL ASSOCIATION 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 KOREAN AMERICAN INSURANCE PROFESSIONAL ASSOCIATION?
- The 990 for the year ended December 31, 2025 names SUNNY KWON.
- Who are the officers and directors of KOREAN AMERICAN INSURANCE PROFESSIONAL ASSOCIATION?
- The 990 for the year ended December 31, 2025 lists 25 people; 0 received compensation from the organization.
- How much revenue does KOREAN AMERICAN INSURANCE PROFESSIONAL ASSOCIATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $199,961, expenses of $216,972 and total assets of $9,906 at year end.
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