STRATEGY STUDIO / PUBLIC DATA EXPLORER

KOREAN AMERICAN CHAMBER OF COMMERCE USA: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
KOREAN AMERICAN CHAMBER OF COMMERCE USA (EIN 30-0210554)
Tax period
2021-06-01 to 2022-05-31
Filed
2023-03-21
IRS object ID
202310809349301426
Schema version
2021v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-03-21T19:02:39-04:00ReturnTs
Tax Period End2022-05-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN270034237PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SANG N HARRIS CPA PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1800 N FERNCREEK AVE STE 16AddressLine1Txt
CityORLANDOCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32803ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-06-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN300210554EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KOREAN AMERICAN CHAMBER OF COMMERCEBusinessNameLine1Txt
Business Name Line2USABusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlKOREBusinessNameControlTxt
Phone4073833590PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11808 PLYMOUTH SORRENTO RDAddressLine1Txt
CityAPOPKACityNm
State AbbreviationFLStateAbbreviationCd
ZIP32701ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBYUNG G HWANGPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone4073833590PhoneNum
Signature2023-03-21SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstBYUNG GPersonFirstNm
Person LastHWANGPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSANG N HARRISPreparerPersonNm
PTINP01056101PTIN
Phone4078956036PhoneNum
Preparation2023-03-21PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerBYUNG G HWANGPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12234 CANDLENUT CIRCLEAddressLine1Txt
CityAPOPKACityNm
State AbbreviationFLStateAbbreviationCd
ZIP32712ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$221,792GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.KACCUSA.USWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2003FormationYr
Legal Domicile StateFLLegalDomicileStateCd
Activity Or MissionOUR MISSION IS TO PROMOTE, SUPPORT, AND GUIDE KOREAN AMERICAN BUSINESSES AND BUSINESS AND CIVIC LEADERS IN THE US, AND FOSTER THE CAPACITY AND WILLINGNESS TO DEVELOP, ORGANIZE AND IMPROVE THE BUSINESS ENVIRONMENT AND STIMULATE A VIBRANT ECONOMY IN OUR COMMUNITIES AND BEYOND.ActivityOrMissionDesc
Voting Members Governing Body10VotingMembersGoverningBodyCnt
Voting Members Independent10VotingMembersIndependentCnt
Total Employee1TotalEmployeeCnt
Total Volunteers86TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$21,323PYContributionsGrantsAmt
CY Contributions Grants$168,254CYContributionsGrantsAmt
CY Program Service Revenue$53,538CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$21,323PYTotalRevenueAmt
CY Total Revenue$221,792CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$500PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$25,836CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$19,631PYOtherExpensesAmt
CY Other Expenses$167,522CYOtherExpensesAmt
PY Total Expenses$20,131PYTotalExpensesAmt
CY Total Expenses$193,358CYTotalExpensesAmt
PY Revenues Less Expenses$1,192PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$28,434CYRevenuesLessExpensesAmt
Total Assets BOY$7,393TotalAssetsBOYAmt
Total Assets EOY$39,627TotalAssetsEOYAmt
Total Liabilities EOY$3,800TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$7,393NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$35,827NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionOUR MISSION IS TO PROMOTE, SUPPORT, AND GUIDE KOREAN AMERICAN BUSINESSES AND BUSINESS AND CIVIC LEADERS IN THE US, AND FOSTER THE CAPACITY AND WILLINGNESS TO DEVELOP, ORGANIZE AND IMPROVE THE BUSINESS ENVIRONMENT AND STIMULATE A VIBRANT ECONOMY IN OUR COMMUNITIES AND BEYOND.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
DescMEMBERS AND BOARD OF DIRECTORS MEETING COMBINED WITH OUR ORGANIZATION'S INCOMING PRESIDENT'S INAUGURATION (TYPICALLY IN EVERY TWO YEARS): THE PURPOSE OF THIS EVENT WAS TO INTRODUCE THE ORGANIZATION'S NEW PRESIDENT AND ITS GOVENING BODY TO THE MEMBERS AND TO EDUCATE OUR MEMBERS ON THE MANY BENEFITS WE OFFER TO THEM INCLUDING REFERRAL SOURCES, BUSINESS TRADE OPPORTUNITIES, PRODUCT AND SERVICE SOURCING RECOMMENDATIONS, AND OTHER BUSINESS SUPPORT. ALSO AT THE MEETING, WE DISCUSSED THE ORGANIZATION'S ACTIVITIES AND PROGRAMS TARGETED TO TAKE PLACE OVER THE FOLLOWING TWO YEARS AND RELATED GOALS, OPPORTUNITIES AND BUDGETS. THIS EVENT WAS HELD IN APOPKA, FLORIDA FOR THREE DAYS IN MAY AND ABOUT 150 MEMBERS ATTENDEDDesc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescANNUAL WORLD-WIDE KOREAN BUSINESS CONVENTION: THIS EVENT WAS HELD IN SEOUL, KOREA FOR THREE DAY IN OCTOBER 2021. ABOUT EIGHTY-FIVE PEOPLE ATTENDED. THE PRIMARY PUPOSE OF THIS EVENT WAS TO PROVIDE OPPORTUNITIES FOR OUR MEMBERS TO EXPAND THEIR NETWORKS, SHARE KNOWLEDGE WITH EACH OTHER, BUILD THEIR CREDIBILITY, TAKE ADVANTAGE OF BUSINESS RESOURCES, AND SUPPORT THEIR PROFESSIONAL DEVELOPMENT.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
DescMEMBERS WORKSHOPS,ANNUAL MEMBERS AND BOARD MEETINGS: ABOUT 150 MEMBERS ATTENDED THIS EVENT HELD IN ATLANTA, GEORGIA FOR THREE DAYS IN MAY 2022 WHICH PROVIDED NEW MEMBER TRAINING AND LOCAL GUEST SPEAKERS ON A VARIETY OF TOPICS PERTINENT TO OUR KOREAN AMERICAN BUSINESS LEADERS. FOR EXAMPLE, WE HEARD FROM A SPEAKER FROM THE SBA OFFICE ON HOW TO SUCCESSFULLY APPLY FOR BUSINESS LOANS, AND OTHER SPEAKERS DISCUSSED HOW TO MARKET YOUR BUSINESS IN A COST-EFFECTIVE WAY.Desc
FieldValueIRS element (for citing)
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Subject To Proxy TaxYes (true)SubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee1EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members10GoverningBodyVotingMembersCnt
Independent Voting Member10IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersYes (true)LocalChaptersInd
Policies Reference ChaptersYes (true)PoliciesReferenceChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonKYUNG MIN HWANGPersonNm
Phone4074895791PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11808 PLYMOUTH SORRENTO RDAddressLine1Txt
Address Line21808 PLYMOUTH SORRENTO RDAddressLine2Txt
CityAPOPKACityNm
State AbbreviationFLStateAbbreviationCd
ZIP32712ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
JU HWAN CHOI
VICE CHAIRMA5.00Yes (X)$0$0$0
RON CHUNG
VICE CHAIRMA5.00Yes (X)$0$0$0
SEUNG W HONG
EXCUTIVE DIR10.00Yes (X)$0$0$0Yes (X)
HYUNG R KIM
BOARD CHAIRM10.00Yes (X)$0$0$0
SUNG KIM
BOARD OF DIR5.00Yes (X)$0$0$0
SUNA OM
BOARD OF DIR5.00Yes (X)$0$0$0
YEONG TAE BARK
CFO10.00$0$0$0Yes (X)
KENNETH CHO
VICE PRESIDE10.00$0$0$0Yes (X)
HANS H CHOE
FIRST VICE P10.00$0$0$0Yes (X)
BYUNG G HWANG
PRESIDENT20.00$0$0$0Yes (X)
HYUN KIM
VICE PRESIDE10.00$0$0$0Yes (X)
SUNNY KIM
FIRST VICE P10.00$0$0$0Yes (X)
TED LEE
SR VICE PRES10.00$0$0$0Yes (X)
SEAN ROH
VICE PRESIDE10.00$0$0$0Yes (X)
MI KYONG ROJAS
DIRECTOR10.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Membership Dues$113,254MembershipDuesAmt
All Other Contributions$55,000AllOtherContributionsAmt
Total Contributions$168,254TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescCONFERENCE/SEMINAR REGISTDesc
Total Revenue Column$53,538TotalRevenueColumnAmt
Exclusion$53,538ExclusionAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$53,538TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$221,792TotalRevenueColumnAmt
Exclusion$53,538ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$24,000TotalAmt
Management And General$24,000ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$1,836TotalAmt
Management And General$1,836ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$24,850TotalAmt
Management And General$24,850ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$7,700TotalAmt
Management And General$7,700ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$7,053TotalAmt
Management And General$7,053ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$8,488TotalAmt
Management And General$8,488ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$11,118TotalAmt
Program Services$11,118ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$99,443TotalAmt
Program Services$99,443ProgramServicesAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$7,000TotalAmt
Management And General$7,000ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescPROFESSIONAL DUESDesc
Total$1,870TotalAmt
Management And General$1,870ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$193,358TotalAmt
Program Services$110,561ProgramServicesAmt
Management And General$82,797ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$7,393BOYAmt
EOY$38,127EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
EOY$1,500EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$7,393BOYAmt
EOY$39,627EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
EOY$3,800EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$3,800EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$7,393BOYAmt
EOY$35,827EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,393BOYAmt
EOY$35,827EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,393BOYAmt
EOY$39,627EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$28,434ReconcilationRevenueExpnssAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Substantially All Dues NondedfalseSubstantiallyAllDuesNondedInd
Only In House LobbyingYes (true)OnlyInHouseLobbyingInd
Agree Carryover Prior YearfalseAgreeCarryoverPriorYearInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSIONOUR MISSION IS TO PROMOTE, SUPPORT, AND GUIDE KOREAN AMERICAN BUSINESSES AND BUSINESS AND CIVIC LEADERS IN THE US, AND FOSTER THE CAPACITY AND WILLINGNESS TO DEVELOP, ORGANIZE AND IMPROVE THE BUSINESS ENVIRONMENT AND STIMULATE A VIBRANT ECONOMY IN OUR COMMUNITIES AND BEYOND.
FORM 990, PAGE 6, PART VI, LINE 11BTHE COMPLETED FORM 990 IS PRESENTED TO THE GOVERNING BODY AT THE MONTHLY MEETING. AFTER COMPLETING THE REVIEW, F990 IS FILED ELECTRONICALLY. THE FINAL COPY OF F990 IS PROVIDED TO EACH GOVERNING MEMBER.
FORM 990, PAGE 6, PART VI, LINE 19THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.