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KOREAN-AMERICAN COMMUNITY FOUNDATION, INC.

Company Details

Name: KOREAN-AMERICAN COMMUNITY FOUNDATION, INC.
Jurisdiction: New York
Legal type: DOMESTIC NOT-FOR-PROFIT CORPORATION
Status: Active
Date of registration: 11 Dec 2002 (22 years ago)
Entity Number: 2844473
ZIP code: 10017
County: New York
Place of Formation: New York
Address: 501 FIFTH AVENUE, NEW YORK, NY, United States, 10017

form 5500

Plan Name Plan Year EIN/PN Received Sponsor Total number of participants
SPIN-OFF TERMINATION PLAN FOR KOREAN-AMERICAN COMMUNITY FOUNDATION 2019 161643114 2020-12-22 KOREAN-AMERICAN COMMUNITY FOUNDATION 3
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Three-digit plan number (PN) 001
Effective date of plan 2020-01-07
Business code 541214
Sponsor’s telephone number 6467574815
Plan sponsor’s address 31 WEST 34TH STREET, 8TH FLOOR, NEW YORK, NY, 10001

Signature of

Role Plan administrator
Date 2020-12-22
Name of individual signing SHERYL SOUTHWICK

DOS Process Agent

Name Role Address
THE CORPORATION DOS Process Agent 501 FIFTH AVENUE, NEW YORK, NY, United States, 10017

Licenses

Number Status Type Date End date
1409049-DCA Inactive Business 2011-09-26 2011-12-31

History

Start date End date Type Value
2002-12-11 2014-06-11 Address 29 W 30TH STREET, 12TH FLOOR, NEW YORK, NY, 10001, USA (Type of address: Service of Process)

Filings

Filing Number Date Filed Type Effective Date
140611000119 2014-06-11 CERTIFICATE OF AMENDMENT 2014-06-11
021211000735 2002-12-11 CERTIFICATE OF INCORPORATION 2002-12-11

Tax Exempt

EIN Type of Organization Exempt Organization Status Address Ruling Date
16-1643114 Corporation Unconditional Exemption 135 E 64TH ST, NEW YORK, NY, 10065-7045 2003-02
In Care of Name -
Group Exemption Number 0000
Subsection Charitable Organization, Educational Organization, Literary Organization, Organization to Prevent Cruelty to Animals, Organization to Prevent Cruelty to Children, Organization for Public Safety Testing, Religious Organization, Scientific Organization
Affiliation Independent - This code is used if the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Classification Government Instrumentality, Title-Holding Corporation, Charitable Organization, Agricultural Organization, Board of Trade, Pleasure, Recreational, or Social Club, Fraternal Beneficiary Society, Order or Association, Voluntary Employees' Beneficiary Association (Non-Govt. Emps.), Domestic Fraternal Societies and Associations, Teachers Retirement Fund Assoc., Benevolent Life Insurance Assoc., Burial Association, Credit Union, Mutual Insurance Company or Assoc. Other Than Life or Marine, Corp. Financing Crop Operations, Supplemental Unemployment Compensation Trust or Plan, Employee Funded Pension Trust (Created Before 6/25/59), Post or Organization of War Veterans, Legal Service Organization, Black Lung Trust, Multiemployer Pension Plan, Veterans Assoc. Formed Prior to 1880, Trust Described in Sect. 4049 of ERISA, Title Holding Co. for Pensions, etc., State-Sponsored High Risk Health Insurance Organizations, State-Sponsored Workers' Compensation Reinsurance, ACA 1322 Qualified Nonprofit Health Insurance Issuers, Apostolic and Religious Org. (501(d)), Cooperative Hospital Service Organization (501(e)), Cooperative Service Organization of Operating Educational Organization (501(f)), Child Care Organization (501(k)), Charitable Risk Pool, Qualified State-Sponsored Tuition Program, 4947(a)(1) - Private Foundation (Form 990PF Filer)
Deductibility Contributions are deductible.
Foundation Organization that receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
Tax Period 2023-12
Asset 5,000,000 to 9,999,999
Income 1,000,000 to 4,999,999
Filing Requirement 990 (all other) or 990EZ return
PF Filing Requirement No 990-PF return
Accounting Period Dec
Asset Amount 5839524
Income Amount 3323320
Form 990 Revenue Amount 2723571
National Taxonomy of Exempt Entities Philanthropy, Voluntarism and Grantmaking Foundations: Community Foundations
Sort Name -

Publication 78 Data

Description Organizations eligible to receive tax-deductible charitable contributions. Users may rely on this list in determining deductibility of their contributions.
On Publication 78 Data List Yes
Deductibility Type of organization and use of contribution: A public charity. Deductibility Limitation: 50% (60% for cash contributions)

Copies of Returns (990, 990-EZ, 990-PF, 990-T)

Organization Name KOREAN AMERICAN COMMUNITY FOUNDATION INC
EIN 16-1643114
Tax Period 202212
Filing Type E
Return Type 990
File View File
Organization Name KOREAN-AMERICAN COMMUNITY FOUNDATION INC
EIN 16-1643114
Tax Period 202112
Filing Type E
Return Type 990
File View File
Organization Name KOREAN-AMERICAN COMMUNITY FOUNDATION INC
EIN 16-1643114
Tax Period 202012
Filing Type E
Return Type 990
File View File
Organization Name KOREAN AMERICAN COMMUNITY FOUNDATION INC
EIN 16-1643114
Tax Period 201912
Filing Type P
Return Type 990
File View File
Organization Name KOREAN AMERICAN COMMUNITY FOUNDATION INC
EIN 16-1643114
Tax Period 201812
Filing Type P
Return Type 990
File View File
Organization Name KOREAN AMERICAN COMMUNITY FOUNDATION INC
EIN 16-1643114
Tax Period 201812
Filing Type P
Return Type 990T
File View File
Organization Name KOREAN AMERICAN COMMUNITY FOUNDATION INC
EIN 16-1643114
Tax Period 201612
Filing Type P
Return Type 990
File View File

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
1991537702 2020-05-01 0202 PPP 135 E 64TH ST, NEW YORK, NY, 10065
Loan Status Date 2021-06-24
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 77227
Loan Approval Amount (current) 77227
Undisbursed Amount 0
Franchise Name -
Lender Location ID 48270
Servicing Lender Name JPMorgan Chase Bank, National Association
Servicing Lender Address 1111 Polaris Pkwy, COLUMBUS, OH, 43240-2031
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address NEW YORK, NEW YORK, NY, 10065-0001
Project Congressional District NY-12
Number of Employees 5
NAICS code 561410
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Corporation
Originating Lender ID 194093
Originating Lender Name JPMorgan Chase Bank, National Association
Originating Lender Address CHICAGO, IL
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 78002.75
Forgiveness Paid Date 2021-05-11

Date of last update: 30 Mar 2025

Sources: New York Secretary of State