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Korean Academy Of Colorado Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Educational Services and Schools - Other (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2024 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$108k (2024)

Expenses
$131k (2024)

Total Assets
$204k (2024)

Total Liabilities
$36.6k (2024)

Years with missing data
Source: Form 990 tax filings from 2012 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$108,253
Expenses
$131,495
Net Income
-$23,242
Net Assets
$167,360
Notable Sources of Revenue Percent of Total Revenue
Contributions $29,575
27.3%
Program Services $72,557
67.0%
Investment Income $6,121
5.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $203,933
Total Liabilities $36,573
Net Assets $167,360
Other
Operated a school
Compensation
Key Employees and Officers Compensation Other
Jiyeon Park (Principal) $0 $0
Brett E Myers (Recorder) $0 $0
Jun Sang Park (President) $0 $0
Eric Ervin (Vice President) $0 $0
David Chung (Treasurer) $0 $0
Moonsun Chang (Secretary) $0 $0

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$156,724
Expenses
$135,976
Net Income
$20,748
Net Assets
$190,602
Notable Sources of Revenue Percent of Total Revenue
Contributions $33,797
21.6%
Program Services $122,105
77.9%
Investment Income $822
0.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $223,542
Total Liabilities $32,940
Net Assets $190,602
Other
Operated a school
Compensation
Key Employees and Officers Compensation Other
Eunju Kim (Principal) $0 $0
Brett E Myers (Secretary) $0 $0
Jun Sang Park (In House Auditor) $0 $0
Eric Ervin (Vice President) $0 $0
David Chung (President) $0 $0
Irena Topoz (Treasurer) $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$105,106
Expenses
$88,741
Net Income
$16,365
Net Assets
$169,854
Notable Sources of Revenue Percent of Total Revenue
Contributions $34,324
32.7%
Program Services $70,750
67.3%
Investment Income $32
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $201,648
Total Liabilities $31,794
Net Assets $169,854
Other
Operated a school
Compensation
Key Employees and Officers Compensation Other
Eunju Kim (Principal) $0 $0
Brett E Myers (Secretary) $0 $0
Jun Sang Park (In House Auditor) $0 $0
Eric Ervin (Vice President) $0 $0
David Chung (President) $0 $0
Irena Topoz (Treasurer) $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$83,847
Expenses
$76,539
Net Income
$7,308
Net Assets
$153,489
Notable Sources of Revenue Percent of Total Revenue
Contributions $41,892
50.0%
Program Services $39,552
47.2%
Investment Income $15
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $190,211
Total Liabilities $36,722
Net Assets $153,489
Other
Operated a school
Compensation
Key Employees and Officers Compensation Other
Moonsun Chang (Principal) $0 $0
Brett E Myers (Secretary) $0 $0
Hannah Lee (Board Member) $0 $0
Jun Sang Park (In House Auditor) $0 $0
Eric Ervin (Vice President) $0 $0
David Chung (President) $0 $0
Irena Topoz (Treasurer) $0 $0
Erin E Pak (Board Member) $0 $0
David J Choi (Recorder) $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$68,104
Expenses
$67,133
Net Income
$971
Net Assets
$146,181
Notable Sources of Revenue Percent of Total Revenue
Contributions $26,712
39.2%
Program Services $41,072
60.3%
Investment Income $37
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $179,645
Total Liabilities $33,464
Net Assets $146,181
Other
Operated a school
Compensation
Key Employees and Officers Compensation Other
Moonsun Chang (Principal) $0 $0
Brett E Myers (Secretary) $0 $0
Hannah Lee (Board Member) $0 $0
Jun Sang Park (In House Auditor) $0 $0
Eric Ervin (Vice President) $0 $0
David Chung (President) $0 $0
Irena Topoz (Treasurer) $0 $0
Erin E Pak (Board Member) $0 $0
David J Choi (Recorder) $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$112,066
Expenses
$75,811
Net Income
$36,255
Net Assets
$145,210
Notable Sources of Revenue Percent of Total Revenue
Contributions $42,082
37.6%
Program Services $69,815
62.3%
Investment Income $144
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $183,912
Total Liabilities $38,702
Net Assets $145,210
Other
Operated a school
Compensation
Key Employees and Officers Compensation Other
Moonsun Chang (Principal) $0 $0
Brett E Myers (Secretary) $0 $0
Hannah Lee (Treasurer) $0 $0
Jun Sang Park (In House Auditor) $0 $0
Eric Ervin (Recorder) $0 $0
David Chung (President) $0 $0
Irena Topoz (Director) $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$95,344
Expenses
$63,442
Net Income
$31,902
Net Assets
$108,955
Notable Sources of Revenue Percent of Total Revenue
Contributions $29,960
31.4%
Program Services $65,070
68.2%
Investment Income $142
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $123,531
Total Liabilities $14,576
Net Assets $108,955
Other
Operated a school
Compensation
Key Employees and Officers Compensation Other
Moonsun Chang (Principal) $1,955 $0
Brett E Myers (Secretary) $0 $0
Hannah Lee (Treasurer) $0 $0
Jun Sang Park (In House Auditor) $0 $0
Eric Ervin (Recorder) $0 $0
Brian Shin (Director) $0 $0
David Chung (President) $0 $0
Krintine Yang (Director) $0 $0
Irena Topoz (Director) $0 $0
Hyune Hand (Director) $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$66,542
Expenses
$76,026
Net Income
-$9,484
Net Assets
$77,053
Notable Sources of Revenue Percent of Total Revenue
Contributions $9,605
14.4%
Program Services $56,797
85.4%
Investment Income $140
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $79,858
Total Liabilities $2,805
Net Assets $77,053
Other
Operated a school
Compensation
Key Employees and Officers Compensation Other
Sohee Myers (Principal) $2,216 $0
Brett E Myers (Vice President) $0 $0
Hannah Lee (Treasurer) $0 $0
Jun Sang Park (In House Auditor) $0 $0
Raymond Cho (President) $0 $0
Eric Ervin (Recorder) $0 $0
Brian Shin (Director) $0 $0
David Chung (Director) $0 $0
Megan Hanna (Director) $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$86,547
Expenses
$47,347
Net Income
$39,200
Net Assets
$86,537
Notable Sources of Revenue Percent of Total Revenue
Contributions $43,590
50.4%
Program Services $38,523
44.5%
Investment Income $108
0.1%
Net Fundraising $2,176
2.5%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $89,548
Total Liabilities $3,011
Net Assets $86,537
Other
Operated a school
Compensation
Key Employees and Officers Compensation Other
Sohee Myers (Principal) $2,236 $0
Brett E Myers (President) $0 $0
Gina Koo (Vice President) $0 $0
Hannah Lee (Treasurer) $0 $0
Bj Kim (Director) $0 $0
Jun Sang Park (Internal Auditor) $0 $0
Raymond Cho (Director) $0 $0
Eric Ervin (Recorder) $0 $0
Taewoo Lee (Director) $0 $0
Megan Hanna (Director) $0 $0
Grace Jang (Parents Association Co President) $0 $0
Jinsuk Lee (Parents Association Co President) $0 $0
Kane Mcneill (Director) $0 $0

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$43,141
Expenses
$37,117
Net Income
$6,024
Net Assets
$39,877
Notable Sources of Revenue Percent of Total Revenue
Contributions $10,844
25.1%
Program Services $32,285
74.8%
Investment Income $12
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $39,877
Total Liabilities $0
Net Assets $39,877

Document Links

Fiscal Year Ending June
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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