Nonprofit · EIN 95-4612128
INSTITUTE OF ASIAN CULTURE & DEVELOPMENT
Tax-exempt · VALENCIA, CA 91355
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,576,202 | $2,570,560 | $2,005,642 | $2,005,641 | $0 | $2,005,641 |
| December 31, 2023 | 990 | $2,783,938 | $3,036,260 | -$252,322 | $660,814 | $0 | $660,814 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $13,040
- Program service revenue
- $4,563,162
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $2,247,943
- Management and general (functional)
- $322,617
Balance sheet and other
- Total assets, start of year
- $660,814
- Total assets, end of year
- $2,005,641
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,005,641
- Net assets without donor restrictions
- $2,005,641
- Gross receipts
- $4,576,202
- Employees
- 0
- Volunteers
- 300
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MI LEE | PRESIDENT Officer | 20 | $0 |
| YEO KIM | SECRETARY Officer | 20 | $0 |
| GYU CHO | CFO Officer | 10 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRYON MACDONALD | PRESIDENT Officer | 10 | $0 |
| MI LEE | SECRETARY Officer | 20 | $0 |
| KWAN SOO PARK | CFO Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 27201 TOURNEY RD, VALENCIA, CA 91355-1854
- In care of
- % JEAN YOU
- Principal officer (990 for 2024)
- GYU CHO, 27201 TOURNEY RD STE 125, VALENCIA, CA 91355
- Signed the 990
- GYU CHO, CFO
- Phone
- (310) 804-4525
- Return prepared by
- INHO CHO CPA
California records
California keeps its own records of charities and corporations. Search them by EIN 95-4612128 or by the name INSTITUTE OF ASIAN CULTURE & DEVELOPMENT.
- 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
CHRISTIAN MISSIONARY SUPPPORT SUPPORT CHRISTIAN MISSIONARIES SERVE IN UNDER DEVELOPED ASIAN COUNTIRES IN FINANCIALLY AND SPIRITUALLY.
Program accomplishments
- MISSIONARY SUPPORT: SUPPORTING MISSIONARIES WHO ARE WORKING IN THE UNDERDEVELOPED ASIAN COUNTIRES AS WELL AS THOSE MUSLIM COUNTIRES OF OLD USSR. FOREIGN OPERATION PROJECT: TRAIN YOUNG ASIAN-AMERICANS MISSIONARIES AND SEND TO ASIAN COUNTIRES FOR TEACHING BIBLE AND PROVIDED COMMUNITY WORKS IN SHORT-TERM BASIS. THE COMMUNITY OUTREACH WORKS INCLUDED MEDICAL SERVICES, FIGHT THE COMPUTER ILLITERACY, WOMENS MINISTRY, PARTNERSHIP OF MINISTRY, DISCIPLESHIP.Expenses $1,427,488 · revenue $3,536,162
- MEMBER CONFERENCE: EDUCATE MEMBERS OF THE CAUSE OF MISSIONARY WORKS AND ENVISION THE MEMBERS FOR THEIR PARTICIPATION BASED ON THE BIBLICAL TEACHING OF MATHEW 28: 19-20Expenses $480,704 · revenue $640,514
- EDUCATION PROGRAM: IACD PLANNED TO SETUP A SHELTER FOR RETURNING MISSIONARY WHO PLANNED STAY AT PROJECT SITE FOR SHORT TERM BASIS, BUT MISSIONARIES STAY AT PROJECT SITE MORE THAN 5 YEARS THAT RETURNING MISSIONARIES ARE HAVING HARD TIME TO ADOPT OLD HOME ENVIRONMENT. IACD RECOGNIZED THE NEED ESTABLISHING A SHELTER FOR THOSE MISSIONARIES TO TRAIN AND RESHAPE OLD SKILLED TO GO BACK TO THEIR ORIGINAL HOMELAND, IACD HAD DECIDED TO SET THE CENTER IN SOUTH KOREA.Expenses $339,751 · revenue $386,486
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 | Not 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
- 95-4612128
- 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
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X200)
- Assets (IRS master file)
- $2,005,641
- Income (IRS master file)
- $4,576,202
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,576,202 | $2,570,560 | $2,005,641 | XML |
| 990 | December 2023 | $2,783,938 | $3,036,260 | $660,814 | XML |
| 990 | December 2022 | $3,218,238 | $3,244,732 | $913,136 | 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 95-4612128).
Questions about INSTITUTE OF ASIAN CULTURE & DEVELOPMENT
- What is the EIN of INSTITUTE OF ASIAN CULTURE & DEVELOPMENT?
- The employer identification number (EIN) of INSTITUTE OF ASIAN CULTURE & DEVELOPMENT is 95-4612128.
- Is INSTITUTE OF ASIAN CULTURE & DEVELOPMENT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to INSTITUTE OF ASIAN CULTURE & DEVELOPMENT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INSTITUTE OF ASIAN CULTURE & DEVELOPMENT 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 INSTITUTE OF ASIAN CULTURE & DEVELOPMENT 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 INSTITUTE OF ASIAN CULTURE & DEVELOPMENT 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 INSTITUTE OF ASIAN CULTURE & DEVELOPMENT?
- The 990 for the year ended December 31, 2024 names GYU CHO.
- Who are the officers and directors of INSTITUTE OF ASIAN CULTURE & DEVELOPMENT?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does INSTITUTE OF ASIAN CULTURE & DEVELOPMENT have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,576,202, expenses of $2,570,560 and total assets of $2,005,641 at year end.
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