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Nonprofiteer
← THE KOREAN AMERICAN INSTITUTE

Form 990 for tax year 2023

Filed by THE KOREAN AMERICAN INSTITUTE.

Totals

Total revenue
$5,040
Total expenses
$10,673
Contributions and grants received
$5,000
Grants paid
$0
Program service revenue
$0
Investment income
$40
Other revenue
$0
Total assets, end of year
$478,146
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$478,146
Program services expenses (Part IX)
$10,598
Management and general expenses
$75
Fundraising expenses
$0
Program service expenses (Part III)
$10,598

Program services were 99.3% 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.

  • 1f · All other contributions, gifts and grants

    $5,000

  • 3 · Investment income

    total $40 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $10,000 · program services $10,000 · management and general $0 · fundraising $0

  • 17 · Travel

    total $261 · program services $261 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $412 · program services $337 · management and general $75 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $483,779 · end of year $128,106

  • 2 · Savings and temporary cash investments

    end of year $350,040

  • 27 · Net assets without donor restrictions

    beginning of year $483,779 · end of year $478,146

Mission and programs · 2023

Mission

THE KOREAN AMERICAN INSTITUTE WORKS TO CREATE AN AMERICAN DEMOCRACY WHERE KOREAN AMERICANS MATTER BY PRODUCING AND SHARING INSIGHTFUL AND ACTIONABLE RESEARCH TO IMPROVE DECISION MAKING ON ISSUES FACING KOREAN AMERICANS.

Activities or mission (Part I)

ORGANIZATION WORKS TO CREATE AN AMERICAN DEMOCRACY WHERE KOREAN AMERICANS MATTER BY PRODUCING AND SHARING INSIGHTFUL AND ACTIONABLE RESEARCH TO IMPROVE DECISION MAKING ON ISSUES FACING KOREAN AMERICANS.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $10,598

As filed on the 2023 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • John Lim

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Jerry Kang

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Andrew Kim

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Taeku Lee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Catharina Min

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
24 June 2024
IRS schema version
2023v5.1
Source object
202411769349301256

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