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Nonprofiteer
← THE KOREAN AMERICAN INSTITUTE

Form 990 for tax year 2022

Filed by THE KOREAN AMERICAN INSTITUTE.

Totals

Total revenue
$510,100
Total expenses
$26,321
Contributions and grants received
$510,100
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$25,333
Management and general expenses
$988
Fundraising expenses
$0
Program service expenses (Part III)
$25,333

Program services were 96.2% 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

    $510,100

  • 11d · All other revenue

    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.

  • 11b · Fees: legal

    total $5,000 · program services $5,000 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $2,201 · program services $2,201 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $4,938 · program services $3,950 · management and general $988 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $14,182 · program services $14,182 · management and general $0 · fundraising $0

Mission and programs · 2022

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.

  • CALENDAR YEAR 2022 WAS THE KOREAN AMERICAN INSTITUTE'S FIRST YEAR OF EXISTENCE. THE ORGANIZATION FOCUSED ON SECURING ITS NONPROFIT STATUS, RECRUITING BOARD MEMBERS, CONSULTANTS, AND VOLUNTEERS, DEVELOPING A STRATEGIC PLAN, PREPARING A WEBSITE, AND SHARING ITS VISION, MISSION, AND GOALS WITH INTERESTED STAKEHOLDERS. AS A RESULT, THE ORGANIZATION DID NOT CONDUCT ANY PUBLIC EVENTS OR PROVIDE ANY SERVICES TO THE PUBLIC DURING THE CALENDAR YEAR 2022.

    Expenses $25,333

As filed on the 2022 return.

Listed in Part VII

  • John Lim

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Jerry Kang

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Taeku Lee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • David Kim

    TREASURER,SECRETARY

    Total calculated
    $0
    Hours/week
    4

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
2022
Filed
24 June 2024
IRS schema version
2022v5.0
Source object
202431769349301208

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