KOREAN AMERICAN ASSOCIATION OF GREATER

EIN: 521132737 501(c)(3) Arts, Culture & Humanities

ANNANDALE, VA

Total Revenue
$132,647
Total Expenses
$134,986
Total Assets
$56,606
Net Assets
$23,606
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
DC
Principal Officer
STEVE LEE
Phone
7036259552
Tax Period
2025-01-01 to 2025-12-31

KOREAN AMERICAN ASSOCIATION OF GREATER, founded in 1974, is a small nonprofit in the Arts, Culture & Humanities sector that reported $133K in total revenue in fiscal year 2025. Revenue surged 98% from the prior year, signaling strong growth momentum.

Mission

We advocate for the rights of Korean-american and promote the well-being and prosperity of the Korean-American community. We conduct activities to promote unity and fellowship, community participation, provide educational and social program to Korean-American.

Program Service Accomplishments

Program 1
Expenses: $105,474

We conduct various Korean events, including the KORUS festival, which is one of Greater Washington D.C.s premier community events. The Festival celebrates the Korea-American way of life, korean...

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We conduct various Korean events, including the KORUS festival, which is one of Greater Washington D.C.s premier community events. The Festival celebrates the Korea-American way of life, korean heritage and culture, and the beauty of Americas deliversity.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $83,052
Program Service Revenue $49,595
Investment Income $0
Other Revenue $0
TOTAL REVENUE $132,647

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $105,474
Other Expenses $134,986
TOTAL EXPENSES $134,986

Year-over-Year Comparison

2025 2024 Change
Revenue $132,647 $66,977 +1.0%
Expenses $134,986 $94,394 +0.4%
Net Income $-2,339 $-27,417 -0.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
31
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE LEE PRESIDENT 010.00
Officer Director
$0 $0 $0
ANNA KO DIRECTOR 010.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $132,647 $134,986 $56,606 $-2,339
2024 $66,977 $94,394 $58,945 $-27,417
2023 $143,054 $186,851 $86,362 $-43,797
2022 $109,656 $170,888 $79,981 $-61,232
2021 $64,367 $197,809 $64,237 $-133,442
2020 $48,500 $74,939 $67,048 $-26,439
2019 $309,791 $312,318 $68,791 $-2,527
2018 $372,303 $385,190 $71,318 $-12,887
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