Form 990 for tax year 2024
Filed by KOREAN AMERICAN CHAMBER OF COMMERCE OF ORANGE COUNTY.
Totals
- Total revenue
- $372,594
- Total expenses
- $404,690
- Contributions and grants received
- $372,594
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $151,874
- Total liabilities, end of year
- $10,000
- Net assets or fund balances, end of year
- $141,874
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- $25,764
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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
$95,800
-
1f · All other contributions, gifts and grants
$276,794
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $8,513
-
11b · Fees: legal
total $4,000
-
11c · Fees: accounting
total $7,177
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $57,683
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $2,400
-
12 · Advertising and promotion
total $86,385
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $37,645
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $2,688
-
24a · Other expenses: General Admin Expenses
total $25,764 · management and general $25,764
-
24b · Other expenses: Program Event Expenses
total $67,280
-
24c · Other expenses: Donation
total $37,022
-
24d · Other expenses: 2024 Gala Expense
total $68,133
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $167,058 · end of year $151,621
-
9 · Prepaid expenses and deferred charges
end of year $253
-
17 · Accounts payable and accrued expenses
end of year $10,000
-
31 · Retained earnings, endowment or other funds
beginning of year $167,058 · end of year $141,874
Mission and programs · 2024
Mission
To promote networking among members and protect the interests and businesses of the Korean American Commuity in Orange County.
Activities or mission (Part I)
To promote networking among members and protect the interests and businesses of the Korean American Commuity in Orange County. By acting as a spokesperson, to collect and distribute business related information.
-
GOLF TOURNAMNET - PROVIDE NETWORKING AND RAISE FUNDS FOR THE COMMUNITY
As filed on the 2024 return.
Listed in Part VII
-
Jim KooJIM KOO
CEO
- Total calculated
- $0
- Hours/week
- 15 + 15 related
-
Tim ParkTIM PARK
SECRETARY
- Total calculated
- $0
- Hours/week
- 15 + 15 related
-
Edward YounEDWARD YOUN
CFO
- Total calculated
- $0
- Hours/week
- 10 + 10 related
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
- 15 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202511359349314636
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