Totals
- Total revenue
- $552,155
- Total expenses
- $620,645
- Contributions and grants received
- $542,400
- Grants paid
- $0
- Program service revenue
- $9,755
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $62,834
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $62,834
- Program services expenses (Part IX)
- $147,825
- Management and general expenses
- $472,820
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $147,825
Program services were 23.8% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$542,400
-
1g · Noncash contributions included above
$0
-
2f · All other program service revenue
total $9,755 · related or exempt $9,755 · unrelated business $0 · excluded $0
-
3 · Investment income
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $0 · personal property $0
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
7a · Gross sales of assets other than inventory
securities $0 · other assets $0
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $0
-
7c · Gain or loss
securities $0 · other assets $0
-
7d · Net gain or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0 · unrelated business $0 · excluded $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $0 · program services $0
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $250,000 · program services $0 · management and general $250,000 · fundraising $0
-
6 · Compensation of disqualified persons
total $0 · program services $0 · fundraising $0
-
7 · Other salaries and wages
total $74,359 · program services $0 · management and general $74,359 · fundraising $0
-
8 · Pension plan contributions
total $0 · program services $0 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $0 · program services $0 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $98,038 · program services $0 · management and general $98,038 · fundraising $0
-
11a · Fees: management
total $107,000 · program services $77,000 · management and general $30,000 · fundraising $0
-
11b · Fees: legal
total $293 · program services $0 · management and general $293 · fundraising $0
-
11c · Fees: accounting
total $1,310 · program services $0 · management and general $1,310 · fundraising $0
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11g · Fees: other
total $18,558 · program services $17,500 · management and general $1,058 · fundraising $0
-
12 · Advertising and promotion
total $3,862 · program services $0 · management and general $3,862 · fundraising $0
-
13 · Office expenses
total $184 · program services $0 · management and general $184 · fundraising $0
-
14 · Information technology
total $478 · program services $0 · management and general $478 · fundraising $0
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $0 · program services $0 · management and general $0 · fundraising $0
-
17 · Travel
total $4,105 · management and general $4,105 · fundraising $0
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $62,458 · program services $53,325 · management and general $9,133 · fundraising $0
-
20 · Interest
total $0 · program services $0 · management and general $0 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $0 · program services $0 · management and general $0 · fundraising $0
-
23 · Insurance
total $0 · program services $0 · management and general $0 · fundraising $0
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $131,324 · end of year $62,834
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $0
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $131,324 · end of year $62,834
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2025
Mission
KOREAN AMERICAN INSTITUTE IS A NONPROFIT ORGANIZATION WHOSE MISSION IS TO CREATE AN AMERICAN DEMOCRACY WHERE KOREAN AMERICANS MATTER BY PRODUCING AND SHARING INSIGHTUL AND ACTIONABLE RESEARCH TO IMPROVE DECISION MAKING ON ISSUES FACING KOREAN AMERICANS.
Activities or mission (Part I)
KOREAN AMERICAN INSTITUTE WORKS TO CREATE AN AMERICAN DEMOCRACY WHERE KOREAN AMERICANS MATTER BY PRODUCING AND SHARING INSIGHTUL AND ACTIONABLE RESEARCH TO IMPROVE DECISION MAKING ON ISSUES FACING KOREAN AMERICANS.
-
KAI'S FIRST PROGRAM IN 2025 WAS TO LAUNCH A PROJECT TO CONDUCT A NATIONAL SURVEY OF THE KOREAN AMERICAN COMMUNITY TARGETING A REPRESENTATIVE SAMPLE OF 1,500 INDIVIDUALS. USING PHONE AND ONLINE QUESTIONS, THE SURVEY IS DESIGNED TO ASCERTAIN THE MOST UP TO DATE DEMOGRAPHIC INFORMATION AND ATTITUDES ABOUT VARIOUS ISSUES TO REFLECT THE CURRENT STATE OF KOREANS AND KOREAN AMERICANS IN THE UNITED STATES. THIS IS A TWO-YEAR PROJECT AND KAI SPENT $77,000 DURING 2025.
Expenses $77,000 · Grants $30,000
-
KAI'S SECOND PROGRAM IN 2025 WAS CONDUCTING ORIGINAL RESEARCH TO DETERMINE THE CONTRIBUTIONS MADE BY KOREAN AMERICANS TO THE ECONOMY OF THE UNITED STATES. KAI COMMISSIONED AN ECONOMIST TO LEAD THIS PROJECT WHICH SHOULD BE CONCLUDED BY SUMMER OF 2026. KAI PLANS TO PUBLISH THE RESULTS ON ITS WEBSITE FOR PUBLIC CONSUMPTION. KAI PLANS TO SHARE THE FINDINGS WITH POLICYMAKERS, ACADEMIC INSTITUTIONS, AND INTERESTED ORGANIZATIONS. KAI SPENT $17,500 DURING 2025.
Expenses $17,500
-
KAI'S THIRD PROGRAM IN 2025 WAS TO HOST A NATIONAL CONFERENCE TO EDUCATE THE KOREAN AMERICAN COMMUNITY ON POLICY ISSUES OF IMPORTANCE. OVER THE WEEKEND OF SEPTEMBER 12-14, 2025, OVER 125 INDIVIDUALS FROM ACROSS THE NATION GATHERED IN PHILADELPHIA TO HEAR FROM EXPERTS AND TO SHARE IDEAS ON HOW TO SUPPORT THE NEEDS OF THE KOREAN AMERICAN COMMUNITY. KAI SPENT $53,324.77 ON THE VENUE, SET UP, WEBSITE, AUDIO/VIDEO, TRAVEL, MEALS, AND OTHER MEETING EXPENSES.
Expenses $53,325 · Revenue $9,755
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Mark KeamMARK KEAM
PRESIDENT
- Total calculated
- $250,000
- From this org
- $250,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $250,000
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $250,000
-
John LimJOHN LIM
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Jerry KangJERRY KANG
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Andrew KimANDREW KIM
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Taeku LeeTAEKU LEE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Catharina MinCATHARINA MIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Helene KimHELENE KIM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 11 May 2026
- IRS schema version
- 2025v4.0
- Source object
- 202611329349301201
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