Form 990 for tax year 2025
Filed by KOREAN AMERICAN CHAMBER OF COMMERCE USA.
Totals
- Total revenue
- $314,450
- Total expenses
- $228,968
- Contributions and grants received
- $253,550
- Grants paid
- $49,055
- Program service revenue
- $8,800
- Investment income
- $0
- Other revenue
- $52,100
- Total assets, end of year
- $105,769
- Total liabilities, end of year
- $10,421
- Net assets or fund balances, end of year
- $95,348
- Program services expenses (Part IX)
- $141,454
- Management and general expenses
- $87,514
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $141,451
Program services were 61.8% 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.
-
1b · Membership dues
$203,550
-
1f · All other contributions, gifts and grants
$50,000
-
2a · Program service revenue: PROGRAM SERVICE REVENUE
total $8,800
-
11a · Other revenue: OTHER REVENUE
total $52,100
-
11e · Other revenue, total
$52,100
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $49,055 · program services $49,055
-
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 $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $7,428 · management and general $7,428
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $750 · management and general $750
-
13 · Office expenses
total $17,176 · program services $11,819 · management and general $5,357
-
14 · Information technology
total $8,762 · program services $8,762
-
15 · Royalties
total $0
-
16 · Occupancy
total $11,049 · program services $11,049
-
17 · Travel
total $1,550 · management and general $1,550
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $64,313 · program services $60,769 · management and general $3,544
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $702 · management and general $702
-
24a · Other expenses: BANK SERVICE CHARGE
total $183 · management and general $183
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $15,370 · management and general $15,370
-
24c · Other expenses: UTILITIES
total $630 · management and general $630
-
24d · Other expenses: CONTRACTED SERVICES
total $52,000 · management and general $52,000
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $21,093 · end of year $85,869
-
4 · Accounts receivable
end of year $16,000
-
15 · Other assets
end of year $3,900
-
25 · Other liabilities
beginning of year $11,227 · end of year $10,421
-
31 · Retained earnings, endowment or other funds
beginning of year $9,866 · end of year $95,348
Mission and programs · 2025
Mission
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 environement.
-
Korean business global partnership to provide members to expand networks and business opportunities outside U.S. Business conventions held annually to support members business development.
Expenses $141,451
As filed on the 2025 return.
Listed in Part VII
-
Byung Gu HwangBYUNG GU HWANG
CEO
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Brandon ChoiBRANDON CHOI
SECRETARY
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Hyeawon ClaytonHYEAWON CLAYTON
CFO
- Total calculated
- $0
- Hours/week
- 1 + 1 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
-
Korean American Chamber of Commerce of South East
$10,000
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 13 July 2026
- IRS schema version
- 2025v4.1
- Source object
- 202641949349301294
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