Form 990 for tax year 2024
Filed by KOREAN AMERICAN CHAMBER OF COMMERCE USA.
Totals
- Total revenue
- $141,306
- Total expenses
- $139,871
- Contributions and grants received
- $84,047
- Grants paid
- $0
- Program service revenue
- $32,646
- Investment income
- $0
- Other revenue
- $24,613
- Total assets, end of year
- $21,093
- Total liabilities, end of year
- $11,227
- Net assets or fund balances, end of year
- $9,866
- Program services expenses (Part IX)
- $91,896
- Management and general expenses
- $47,975
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 65.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$51,547
-
1f · All other contributions, gifts and grants
$32,500
-
2a · Program service revenue: PROGRAM SERVICE REVENUE
total $32,646 · related or exempt $32,646
-
11a · Other revenue: OTHER REVENUE
total $24,613 · related or exempt $24,613
-
11e · Other revenue, total
$24,613
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $9,294 · management and general $9,294
-
10 · Payroll taxes
total $2,572 · management and general $2,572
-
11c · Fees: accounting
total $4,425 · management and general $4,425
-
13 · Office expenses
total $23,825 · program services $6,825 · management and general $17,000
-
14 · Information technology
total $10,000 · program services $10,000
-
16 · Occupancy
total $28,148 · program services $28,148
-
17 · Travel
total $1,762 · management and general $1,762
-
19 · Conferences, conventions and meetings
total $47,336 · program services $34,780 · management and general $12,556
-
21 · Payments to affiliates
total $12,143 · program services $12,143
-
23 · Insurance
total $366 · management and general $366
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $22,809 · end of year $21,093
-
25 · Other liabilities
beginning of year $14,378 · end of year $11,227
-
27 · Net assets without donor restrictions
beginning of year $8,431 · end of year $9,866
Mission and programs · 2024
Activities or mission (Part I)
OUR MISSION IS TO PROMOTE, SUPPORT, AND GUIDE KOREAN AMERICAN BUSINESSES AND CIVIC LEADERS IN THE US, AND FOSTER THE CAPACITY AND WILLINGNESS TO DEVELOP, ORGANIZE AND IMPROVE THE BUSINESS ENVIRONMENT.
-
KOREAN BUSINESS GLOBAL PARTNERSHIP TO PROVIDE MEMBERS TO EXPAND NETWORKS AND BUSINESS OPPORTUNITIES OUTSIDE U.S. BUSINESS CONVENTIONS HELD ANNUALLY TO SUPPORT MEMBER'S BUSINESS DEVELOPMENT.
As filed on the 2024 return.
Listed in Part VII
-
Oh Dong HanOH DONG HAN
SECRETARY
- Total calculated
- $0
-
Suzie HanSUZIE HAN
TREASURER
- Total calculated
- $0
-
Kyung C LeeKYUNG C LEE
PRESIDENT
- Total calculated
- $0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 October 2025
- IRS schema version
- 2024v5.0
- Source object
- 202502869349301880
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