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Korea Economic Institute Of America

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Category: Community Improvement, Capacity Building / Promotion of Business (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$3.22M (2023)

Expenses
$3.47M (2023)

Total Assets
$8.97M (2023)

Total Liabilities
$7.05M (2023)

Source: Form 990 tax filings from 2011 to 2023

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 Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,223,460
Expenses
$3,472,211
Net Income
-$248,751
Net Assets
$1,919,894
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,162,449
98.1%
Program Services $0
Investment Income $55,993
1.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,018
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $625,671
18.0%
Professional Fundraising Fees $0
Other Salaries and Wages $725,980
20.9%
Assets/Debt
Total Assets $8,965,386
Total Liabilities $7,045,492
Net Assets $1,919,894
Compensation
Key Employees and Officers Compensation Related Other
Doris K Stephens (President) $294,310 $0 $2,208
Mark Tokola (Secretary) $226,795 $0 $1,951
Troy Stangarone (Senior Direc) $117,984 $0 $0
Rosa Chung (Treasurer) $104,566 $0 $0
William Brown (Director) $0 $0 $0
Kim June Dong (Director) $0 $0 $0
Mark Fitzpatrick (Director) $0 $0 $0
Stephen Haggard (Director) $0 $0 $0
Danny M Leipziger (Director) $0 $0 $0
Katy Oh (Director) $0 $0 $0
E Young Song (Director) $0 $0 $0
Scott Snyder (Chief Exec.) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,018,908
Expenses
$3,352,154
Net Income
-$333,246
Net Assets
$2,136,462
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,987,605
99.0%
Program Services $0
Investment Income $30,682
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $621
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $596,880
17.8%
Professional Fundraising Fees $0
Other Salaries and Wages $579,130
17.3%
Assets/Debt
Total Assets $9,555,889
Total Liabilities $7,419,427
Net Assets $2,136,462
Compensation
Key Employees and Officers Compensation Related Other
Doris K Stephens (President) $292,040 $0 $2,440
Mark Tokola (Secretary) $208,643 $0 $1,964
Troy Stangarone (Senior Direc) $108,541 $0 $0
Rosa Chung (Treasurer) $96,197 $0 $0
E Young Song (Director) $0 $0 $0
Katy Oh (Director) $0 $0 $0
Mark Fitzpatrick (Director) $0 $0 $0
William Brown (Director) $0 $0 $0
Danny M Leipziger (Director) $0 $0 $0
Kim June Dong (Director) $0 $0 $0
Stephen Haggard (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,493,094
Expenses
$2,824,209
Net Income
$668,885
Net Assets
$2,566,399
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,465,959
99.2%
Program Services $0
Investment Income $1,475
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $25,660
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $554,898
19.6%
Professional Fundraising Fees $0
Other Salaries and Wages $596,375
21.1%
Assets/Debt
Total Assets $3,109,058
Total Liabilities $542,659
Net Assets $2,566,399
Compensation
Key Employees and Officers Compensation Related Other
Doris K Stephens (President) $265,841 $0 $2,124
Mark Tokola (Secretary) $197,619 $0 $1,884
Troy Stangarone (Senior Direc) $103,093 $0 $0
Rosa Chung (Treasurer) $91,438 $0 $0
E Young Song (Director) $0 $0 $0
Katy Oh (Director) $0 $0 $0
Mark Fitzpatrick (Director) $0 $0 $0
William Brown (Director) $0 $0 $0
Danny M Leipziger (Director) $0 $0 $0
Kim June Dong (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,875,188
Expenses
$2,472,843
Net Income
$402,345
Net Assets
$1,897,514
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,856,793
99.4%
Program Services $0
Investment Income $3,058
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $15,337
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $537,150
21.7%
Professional Fundraising Fees $0
Other Salaries and Wages $470,549
19.0%
Assets/Debt
Total Assets $2,405,440
Total Liabilities $507,926
Net Assets $1,897,514
Compensation
Key Employees and Officers Compensation Related Other
Doris K Stephens (President) $257,435 $0 $2,207
Mark Tokola (Vice Preside) $192,280 $0 $3,532
Troy Stangarone (Senior Direc) $100,508 $0 $6,010
Rosa Chung (Treasurer) $87,435 $0 $6,010
Danny M Leipziger (Director) $0 $0 $0
Mark Fitzpatrick (Director) $0 $0 $0
Katy Oh (Director) $0 $0 $0
William Brown (Director) $0 $0 $0
E Young Song (Director) $0 $0 $0
Kim June Dong (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,582,110
Expenses
$2,561,778
Net Income
$20,332
Net Assets
$1,495,169
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,503,742
97.0%
Program Services $0
Investment Income $8,545
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $69,823
2.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $482,593
18.8%
Professional Fundraising Fees $0
Other Salaries and Wages $507,954
19.8%
Assets/Debt
Total Assets $1,987,067
Total Liabilities $491,898
Net Assets $1,495,169
Compensation
Key Employees and Officers Compensation Related Other
Doris K Stephens (President) $246,952 $0 $2,537
Mark Tokola (Vice Preside) $185,709 $0 $45,895
Mark Fitzpatrick (Director) $1,500 $0 $0
Danny M Leipziger (Director) $0 $0 $0
Katy Oh (Director) $0 $0 $0
William Brown (Director) $0 $0 $0
Sung Chang Hoon (Director) $0 $0 $0
Kim June Dong (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,493,126
Expenses
$2,624,611
Net Income
-$131,485
Net Assets
$1,474,837
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,487,206
99.8%
Program Services $0
Investment Income $2,908
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,012
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $564,892
21.5%
Professional Fundraising Fees $0
Other Salaries and Wages $283,002
10.8%
Assets/Debt
Total Assets $1,982,352
Total Liabilities $507,515
Net Assets $1,474,837
Compensation
Key Employees and Officers Compensation Related Other
Donald Manzullo (Pres. & Ceo) $194,379 $0 $16,068
Mark Tokola (Vice Preside) $180,300 $0 $15,487
Philip D Eskeland (Ed Of Operat) $147,409 $0 $13,533
Kathleen Stephens (Pres.& Ceo) $101,750 $0 $5,080
Min Kang (Dir. Of Fina) $80,276 $0 $21,057
Mark Fitzpatrick (Director) $2,000 $0 $0
Danny M Leipziger (Director) $2,000 $0 $0
Yoon Shik Park (Director) $1,500 $0 $0
Jin Kyo Suh (Director) $0 $0 $0
Oh Seok Hyun (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,343,062
Expenses
$2,597,573
Net Income
-$254,511
Net Assets
$1,606,322
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,338,453
99.8%
Program Services $0
Investment Income $2,163
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,446
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $685,830
26.4%
Professional Fundraising Fees $0
Other Salaries and Wages $418,411
16.1%
Assets/Debt
Total Assets $2,063,090
Total Liabilities $456,768
Net Assets $1,606,322
Compensation
Key Employees and Officers Compensation Related Other
Donald Manzullo (President An) $241,225 $0 $22,219
Mark Tokola (Vice Preside) $175,049 $0 $15,035
Philip D Eskeland (Ed Of Operat) $119,140 $0 $13,131
Min Kang (Dir. Of Fina) $74,078 $0 $19,953
David Steinberg (Director) $2,000 $0 $0
Danny M Leipziger (Director) $2,000 $0 $0
Yoon Shik Park (Director) $1,000 $0 $0
Mark Fitzpatrick (Director) $1,000 $0 $0
Oh Seok Hyun (Director) $0 $0 $0
Jin Kyo Suh (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,375,468
Expenses
$2,516,596
Net Income
-$141,128
Net Assets
$1,860,833
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,373,491
99.9%
Program Services $0
Investment Income $1,517
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $460
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $710,408
28.2%
Professional Fundraising Fees $0
Other Salaries and Wages $324,714
12.9%
Assets/Debt
Total Assets $2,175,372
Total Liabilities $314,539
Net Assets $1,860,833
Compensation
Key Employees and Officers Compensation Related Other
Donald Manzullo (President An) $258,408 $0 $21,555
Mark Tokola (Vice Preside) $170,859 $0 $14,581
Philip D Eskeland (Ed Of Operat) $139,807 $0 $12,725
Min Kang (Dir. Of Fina) $73,853 $0 $13,120
David Steinberg (Director) $2,000 $0 $0
Danny M Leipziger (Director) $2,000 $0 $0
Yoon Shik Park (Director) $1,500 $0 $0
Hyun Oh Seok (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,600,018
Expenses
$2,494,549
Net Income
$105,469
Net Assets
$2,001,961
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,598,107
99.9%
Program Services $0
Investment Income $1,795
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $116
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $680,227
27.3%
Professional Fundraising Fees $0
Other Salaries and Wages $338,678
13.6%
Assets/Debt
Total Assets $2,307,011
Total Liabilities $305,050
Net Assets $2,001,961
Compensation
Key Employees and Officers Compensation Related Other
Donald Manzullo (President & Ceo) $250,000 $0 $20,022
Mark Tokola (Vice President) $165,004 $0 $14,181
Philip D Eskeland (Exec Director Of Operation) $134,780 $0 $12,370
Min Kang (Director Of Finance And Hr) $68,871 $0 $9,999
Danny M Leipziger Eff 051815 (Director) $2,750 $0 $0
Yoon Shik Park (Director) $2,000 $0 $0
David Steinberg Term 05182015 (Director) $2,000 $0 $0
Sukhan Kim Term 05182015 (Director) $1,000 $0 $0
Tae Soo Kang Eff 05182015 (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,714,038
Expenses
$2,536,823
Net Income
$177,215
Net Assets
$1,896,492
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,711,101
99.9%
Program Services $0
Investment Income $1,627
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,310
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $535,764
21.1%
Professional Fundraising Fees $0
Other Salaries and Wages $371,478
14.6%
Assets/Debt
Total Assets $2,239,325
Total Liabilities $342,833
Net Assets $1,896,492
Compensation
Key Employees and Officers Compensation Related Other
Donald Manzullo (President & Ceo) $248,931 $0 $20,000
Philip D Eskeland (Exec Director Of Operation) $134,780 $0 $10,982
Min Kang (Director Of Finance And Hr) $65,930 $0 $5,290
Mark Tokola (Vice President) $41,251 $0 $1,100
Yoon Shik Park (Director) $3,500 $0 $0
David Steinberg (Director) $2,000 $0 $0
Sukhan Kim (Director) $2,000 $0 $0
Wonho Kim (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,650,417
Expenses
$2,527,828
Net Income
$122,589
Net Assets
$1,719,277
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,648,690
99.9%
Program Services $0
Investment Income $1,727
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $541,633
21.4%
Professional Fundraising Fees $0
Other Salaries and Wages $298,896
11.8%
Assets/Debt
Total Assets $1,992,600
Total Liabilities $273,323
Net Assets $1,719,277
Compensation
Key Employees and Officers Compensation Related Other
Donald Manzullo (President) $250,000 $0 $20,000
Philip D Eskeland (Exec Director Of Operations) $123,300 $0 $10,064
Abraham Kim (Secretary,Left Keia During 2013) $106,773 $0 $5,339
Min Kang (Director Of Finance And Hr) $61,560 $0 $5,317
Yoon Shik Park (Director) $1,500 $0 $0
David Steinberg (Director) $1,500 $0 $0
Sukhan Kim (Director) $1,000 $0 $0
Won Ho Kim (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,335,925
Expenses
$2,699,974
Net Income
-$364,049
Net Assets
$996,540
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,313,035
99.0%
Program Services $0
Investment Income $22,890
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $461,108
17.1%
Professional Fundraising Fees $0
Other Salaries and Wages $333,272
12.3%
Assets/Debt
Total Assets $1,867,079
Total Liabilities $870,539
Net Assets $996,540

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,533,364
Expenses
$2,689,648
Net Income
-$156,284
Net Assets
$1,360,589
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,529,763
99.9%
Program Services $0
Investment Income $3,601
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $450,862
16.8%
Professional Fundraising Fees $0
Other Salaries and Wages $376,131
14.0%
Assets/Debt
Total Assets $2,101,101
Total Liabilities $740,512
Net Assets $1,360,589

Document Links

Fiscal Year Ending Dec.
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 Dec.
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

Fiscal Year Ending Dec.
2008

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 Dec.
2007

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 Dec.
2006

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 Dec.
2005

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 Dec.
2004

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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