Nonprofit · EIN 99-3534713
LA KOREAN FESTIVAL FOUNDATION
Tax-exempt · LOS ANGELES, CA 90006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $19,600 | $15,312 | $4,288 | $4,288 | – | $4,288 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $19,600
Expenses
- Compensation of officers, directors and key employees
- $0
- Printing, publications and postage
- $2,931
- Other expenses
- $12,381
- Program services (functional)
- $14,681
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $4,288
- Total liabilities, end of year
- –
- Net assets, end of year
- $4,288
- Cash, savings and investments
- $4,288
- Gross receipts
- $19,600
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 |
|---|---|---|---|
| ALEX M CHA | PRESIDENT | 0 | $0 |
| YOUNG NAE LEE | VICE PRESIDE | 0 | $0 |
| BENEDICT PAK | TREASURER | 0 | $0 |
| MOO HAN BAE | BOARD MEMBER | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 965 S NORMANDIE AVE STE 102, LOS ANGELES, CA 90006-1496
- Signed the 990-EZ
- ALEX M CHA, PRESIDENT
- Phone
- (213) 487-9696
- Return prepared by
- MOUNTAIN LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 99-3534713 or by the name LA KOREAN FESTIVAL FOUNDATION.
- 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 LA KOREAN FESTIVAL FOUNDATION IS TO PROMOTE AND SHOWCASE THE RICH KOREAN CULTURE AND HERITAGE, AS WELL AS TO CELEBRATE THE DIFFERENT CULTURES AND COMMUNITIES WITHIN THE CITY OF LOS ANGELES AND BEYOND, BRINGING UNITY TO PEOPLE OF ALL AGES AND BACKGROUNDS THROUGH THE PRESENTATION OF STATE-OF-THE-ART MUSIC AND DANCE PERFORMANCES, AS WELL AS CULTURAL ACTIVITIES. OUR MISSION IS TO MAKE THESE CULTURAL EXPERIENCES FREE AND ACCESSIBLE TO EVERYONE, FOSTERING STRONGER AND MORE CONNECTED COMMUNITIES WHILE CELEBRATING THE RICH DIVERSITY OF LOS ANGELES AND ITS SURROUNDINGS.
Program accomplishments
- THE PURPOSE OF FUNDING WILL HELP PROMOTE THE ORGANIZATION'S MISSION AND HELP ORGANIZE FESTIVAL ACTIVITIES TO EXCHANGE WITH THE COMMUNITY.Expenses $14,681
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 | Check at the IRS |
IRS record
- EIN
- 99-3534713
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Arts, culture and humanities (A23)
- Assets (IRS master file)
- $4,288
- Income (IRS master file)
- $19,600
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $19,600 | $15,312 | $4,288 | XML |
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 99-3534713).
Questions about LA KOREAN FESTIVAL FOUNDATION
- What is the EIN of LA KOREAN FESTIVAL FOUNDATION?
- The employer identification number (EIN) of LA KOREAN FESTIVAL FOUNDATION is 99-3534713.
- Is LA KOREAN FESTIVAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to LA KOREAN FESTIVAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LA KOREAN FESTIVAL FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of LA KOREAN FESTIVAL FOUNDATION 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 LA KOREAN FESTIVAL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of LA KOREAN FESTIVAL FOUNDATION?
- The 990-EZ for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does LA KOREAN FESTIVAL FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $19,600, expenses of $15,312 and total assets of $4,288 at year end.
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