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Korean American Foundation

  • Los Angeles, CA
  • Tax-exempt since July 2019
  • EIN: 83-2513160

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: Philanthropy, Voluntarism and Grantmaking Foundations / Community Foundations (NTEE)

Donations to this organization are tax deductible.

Details

According to its Sept. 2024 tax filing, this nonprofit:

Operated a donor-advised fund
Organization maintained a donor-advised fund or similar account through which donors could direct the distribution or investment of funds. Details are reported on Schedule D.

Summary charts: organization finances over time

Revenue
$1.05M (2024)

Expenses
$452k (2024)

Total Assets
$4.38M (2024)

Total Liabilities
$3.48k (2024)

Source: Form 990 tax filings from 2019 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 Sept.
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,049,886
Expenses
$451,584
Net Income
$598,302
Net Assets
$4,371,678
Notable Sources of Revenue Percent of Total Revenue
Contributions $916,878
87.3%
Program Services $0
Investment Income $132,975
12.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $33
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $13,767
3.0%
Assets/Debt
Total Assets $4,375,160
Total Liabilities $3,482
Net Assets $4,371,678
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
John Lim (Secretary) $0 $0 $0
Kevin Kang (Chief Executive Officer/Chairman) $0 $0 $0
David Lee (Board Member) $0 $0 $0
Robin Kim (Board Member) $0 $0 $0
Thomas Han (Board Member) $0 $0 $0
Jerry Kang (Board Member) $0 $0 $0
Albert Jang (Chief Financial Officer/Treasurer) $0 $0 $0
Kae H Ko (Board Member/ Interim Executive Director) $0 $0 $0
Joanne Kim (Board Member) $0 $0 $0
Terri Mosqueda (Board Member) $0 $0 $0
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Document Links

990
Filed on Aug. 16, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Sept.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,172,842
Expenses
$550,142
Net Income
$622,700
Net Assets
$2,664,219
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,107,325
94.4%
Program Services $0
Investment Income $65,512
5.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $64,400
11.7%
Assets/Debt
Total Assets $2,737,739
Total Liabilities $73,520
Net Assets $2,664,219
Compensation
Key Employees and Officers Compensation Related Other
Kae H Jo (Interim Executive Director) $50,000 $0 $0
Teresa Mosqueda (Board Member) $0 $0 $0
David Lee (Board Member) $0 $0 $0
Robin Kim (Board Member) $0 $0 $0
Thomas Han (Board Member) $0 $0 $0
Jerry Kang (Board Member) $0 $0 $0
Albert Jang (Board Member) $0 $0 $0
John Lim (Secretary) $0 $0 $0
William Choi (General Counsel) $0 $0 $0
Kevin Kang (Chief Executive Officer) $0 $0 $0
Joanne Kim (Chief Financial Officer) $0 $0 $0
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Document Links

990
Filed on April 15, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Sept.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,358,281
Expenses
$571,745
Net Income
$1,786,536
Net Assets
$2,041,142
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,350,578
99.7%
Program Services $0
Investment Income $7,703
0.3%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $56,000
9.8%
Assets/Debt
Total Assets $2,042,303
Total Liabilities $1,161
Net Assets $2,041,142
Compensation
Key Employees and Officers Compensation Related Other
Kae H Ko (Interim Executive Director) $50,000 $0 $0
Teresa Mosqueda (Board Member) $0 $0 $0
David Lee (Board Member) $0 $0 $0
Robin Kim (Board Member) $0 $0 $0
Thomas Han (Board Member) $0 $0 $0
Jerry Kang (Board Member) $0 $0 $0
John Lim (Secretary) $0 $0 $0
William Choi (General Counsel) $0 $0 $0
Kevin Kang (Chief Executive Officer) $0 $0 $0
Joanne Kim (Chief Financial Officer) $0 $0 $0
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Document Links

990
Filed on Aug. 16, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Sept.
2021

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$169,926
Expenses
$103,526
Net Income
$66,400
Net Assets
$262,600
Notable Sources of Revenue Percent of Total Revenue
Contributions $169,926
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $262,600
Total Liabilities $0
Net Assets $262,600
Compensation
Key Employees and Officers Compensation Other
John Lim (Secretary) $0 $0
David Lee (Chief Executive Officer) $0 $0
Teresa Mosqueda (Board Member) $0 $0
Jerry Kang (Board Member) $0 $0
Kae H Ko (Chief Financial Officer) $0 $0
Jae Min Chang (Board Member) $0 $0
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Document Links

990-EZ
Filed on Feb. 15, 2022

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Sept.
2020

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$150,066
Expenses
$12,879
Net Income
$137,187
Net Assets
$196,200
Notable Sources of Revenue Percent of Total Revenue
Contributions $150,066
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $196,200
Total Liabilities $0
Net Assets $196,200
Compensation
Key Employees and Officers Compensation Other
John Lim (Secretary) $0 $0
David Lee (Chief Executive Officer) $0 $0
Teresa Mosqueda (Board Member) $0 $0
Jerry Kang (Board Member) $0 $0
Kae H Ko (Chief Financial Officer) $0 $0
Jae Min Chang (Board Member) $0 $0
+ View more people

Document Links

990-EZ
Filed on March 23, 2021

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Sept.
2019

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$90,000
Expenses
$30,987
Net Income
$59,013
Net Assets
$59,013
Notable Sources of Revenue Percent of Total Revenue
Contributions $90,000
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $59,013
Total Liabilities $0
Net Assets $59,013
Compensation
Key Employees and Officers Compensation Other
David Lee (Chief Executive Officer) $0 $0
Myung Ki Hong (Director) $0 $0
John Lim (Secretary) $0 $0
Teresa Mosqueda (Board Member) $0 $0
Jerry Kang (Board Member) $0 $0
Kae H Ko (Board Member) $0 $0
Jae Min Chang (Board Member) $0 $0
+ View more people

Document Links

990-EZ
Filed on Feb. 18, 2020

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

About This Data

What Is 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.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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