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Korean Chamber Of Commerce Of Los Angeles

Organization summary

Type of Nonprofit

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

Donations to this organization are not tax deductible.

Details

According to its June 2023 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
$666k (2023)

Expenses
$609k (2023)

Total Assets
$733k (2023)

Total Liabilities
$15k (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 June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$666,127
Expenses
$608,583
Net Income
$57,544
Net Assets
$717,551
Notable Sources of Revenue Percent of Total Revenue
Contributions $648,882
97.4%
Program Services $0
Investment Income $17,245
2.6%
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 $106,009
17.4%
Assets/Debt
Total Assets $732,551
Total Liabilities $15,000
Net Assets $717,551
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Albert J Jang (President) $0 $0 $0
Sungheon Kang (Secretary) $0 $0 $0
Soo Park (Cfo) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$554,799
Expenses
$523,386
Net Income
$31,413
Net Assets
$659,745
Notable Sources of Revenue Percent of Total Revenue
Contributions $553,527
99.8%
Program Services $0
Investment Income $1,272
0.2%
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 $104,940
20.1%
Assets/Debt
Total Assets $674,745
Total Liabilities $15,000
Net Assets $659,745
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Kyeong Cheol Ha (Secretary) $0 $0 $0
Il Han Kang (President) $0 $0 $0
Dae Woo Lee (Cfo) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$396,434
Expenses
$293,170
Net Income
$103,264
Net Assets
$629,116
Notable Sources of Revenue Percent of Total Revenue
Contributions $175,891
44.4%
Program Services $78,900
19.9%
Investment Income $141,643
35.7%
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 $74,724
25.5%
Assets/Debt
Total Assets $648,468
Total Liabilities $19,352
Net Assets $629,116
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Kyeong Cheol Ha (Secretary) $0 $0 $0
Il Han Kang (President) $0 $0 $0
Dae Woo Lee (Cfo) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$446,989
Expenses
$486,631
Net Income
-$39,642
Net Assets
$543,194
Notable Sources of Revenue Percent of Total Revenue
Contributions $178,777
40.0%
Program Services $35,593
8.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $232,619
52.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $75,049
15.4%
Assets/Debt
Total Assets $562,394
Total Liabilities $19,200
Net Assets $543,194
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Daniel S Park (President) $0 $0 $0
Kc Ha (Secretary) $0 $0 $0
Kc Ha (Cfo) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$682,009
Expenses
$553,646
Net Income
$128,363
Net Assets
$500,965
Notable Sources of Revenue Percent of Total Revenue
Contributions $248,427
36.4%
Program Services $305,094
44.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $128,488
18.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $110,608
20.0%
Assets/Debt
Total Assets $500,965
Total Liabilities $0
Net Assets $500,965
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Kee Whan Ha (President) $0 $0 $0
Daniel Seongsu Park (Vice President) $0 $0 $0
Peter Kim (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$698,398
Expenses
$658,329
Net Income
$40,069
Net Assets
$80,158
Notable Sources of Revenue Percent of Total Revenue
Contributions $428,741
61.4%
Program Services $194,467
27.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $75,190
10.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $80,158
Total Liabilities $0
Net Assets $80,158
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Kee Whan Ha (President) $0 $0 $0
Daniel Seongsu Park (Vice President) $0 $0 $0
Peter Kim (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$561,777
Expenses
$575,240
Net Income
-$13,463
Net Assets
$320,539
Notable Sources of Revenue Percent of Total Revenue
Contributions $206,039
36.7%
Program Services $284,425
50.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $71,313
12.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $320,539
Total Liabilities $0
Net Assets $320,539
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Steve Yi (President) $0 $0 $0
Daniel Seongsu Park (Vice President) $0 $0 $0
Peter Kim (Vice President) $0 $0 $0
Charlie Shin (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$638,146
Expenses
$572,581
Net Income
$65,565
Net Assets
$334,002
Notable Sources of Revenue Percent of Total Revenue
Contributions $325,577
51.0%
Program Services $223,117
35.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $89,452
14.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $334,002
Total Liabilities $0
Net Assets $334,002
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Lawrence Han (President) $0 $0 $0
Heewon Lim (Vice President) $0 $0 $0
Cindy Cho (Vice President) $0 $0 $0
Steven Suk (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$502,392
Expenses
$500,819
Net Income
$1,573
Net Assets
$268,437
Notable Sources of Revenue Percent of Total Revenue
Contributions $216,202
43.0%
Program Services $243,226
48.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $42,964
8.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $86,365
17.2%
Assets/Debt
Total Assets $268,437
Total Liabilities $0
Net Assets $268,437
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Lawrence Jeon (President) $0 $0 $0
Jean Park (Vice President) $0 $0 $0
Alex Cha (Vice President) $0 $0 $0
Jae Woen Lee (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$472,916
Expenses
$450,038
Net Income
$22,878
Net Assets
$266,864
Notable Sources of Revenue Percent of Total Revenue
Contributions $129,006
27.3%
Program Services $150,688
31.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $193,222
40.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $45,218
10.0%
Assets/Debt
Total Assets $266,864
Total Liabilities $0
Net Assets $266,864

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$537,377
Expenses
$550,180
Net Income
-$12,803
Net Assets
$243,185
Notable Sources of Revenue Percent of Total Revenue
Contributions $107,320
20.0%
Program Services $275,619
51.3%
Investment Income $522
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $153,916
28.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $47,986
8.7%
Assets/Debt
Total Assets $243,185
Total Liabilities $0
Net Assets $243,185

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$679,362
Expenses
$570,294
Net Income
$109,068
Net Assets
$265,363
Notable Sources of Revenue Percent of Total Revenue
Contributions $679,265
100.0%
Program Services $0
Investment Income $97
0.0%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $267,363
Total Liabilities $2,000
Net Assets $265,363

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$420,044
Expenses
$371,115
Net Income
$48,929
Net Assets
$128,365
Notable Sources of Revenue Percent of Total Revenue
Contributions $420,044
100%
Program Services $0
Investment Income $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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,010
0.5%
Assets/Debt
Total Assets $130,112
Total Liabilities $1,747
Net Assets $128,365

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

Fiscal Year Ending June
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 June
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 June
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 June
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 June
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

Fiscal Year Ending June
2003

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
2002

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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