Korean Investors & Traders Association in Los Angeles, California (CA)
Table of contents:
| Korean Investors & Traders Association | |
| Employer Identification Number (EIN) | 954576752 |
| Name of Organization | Korean Investors & Traders Association |
| In Care of Name | Byung Joon Lee |
| Address | 4801 Wilshire Blvd 285, Los Angeles, CA 90010-3811 |
| Activities | Business promotion (chamber of commerce, business league, etc.) |
| Subsection | Chamber of Commerce |
| Ruling Date | 10/1997 |
| Deductibility | Contributions are not deductible |
| Foundation | All organizations except 501(c)(3) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000 to $24,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $24,826 |
| Amount of Income | $136,711 |
| Form 990 Revenue Amount | $100,319 |
Non-representatives - add comments:
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $78,970 | $60,858 | $100,319 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $0 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $85,200 | $71,600 | $113,211 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $-6,230 | $-10,742 | $-12,892 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $28,500 | $27,615 | $23,500 |
| Less: direct expenses from gaming and fundraising events | $34,730 | $38,357 | $36,392 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $82,733 | $79,670 | $76,978 |
| Total net assets | $25,507 | $6,695 | $23,664 |
| Excess/Deficit for the year | $-3,763 | $-18,812 | $23,341 |
| Net assets or fund balances at beginning of year | $29,270 | $25,507 | $6,695 |
| Other changes in net assets or fund balances | $0 | $0 | $-6,372 |
| Net assets or fund balances at end of year | $6,695 | $23,664 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $26,877 | $9,430 | $24,826 |
| Total liabilities | $1,370 | $2,735 | $1,162 |
| Net assets or fund balances | $25,507 | $6,695 | $23,664 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | Not provided |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
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| Other organizations in California | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Korean Apparel Manufacturers Association Inc | 1458 S San Pedro St Unit L-60, Los Angeles, CA 90015-3144 | CA | 1992-11 | $442,281 |
| 2 | Korean Global Foundation | 2420 W 7th St, Los Angeles, CA 90057-3904 | CA | 2004-01 | $132,945 |
| 3 | Korean Golf Association In U S A Inc | 3921 Wilshire Blvd Ste 706, Los Angeles, CA 90010-3316 | CA | 1998-04 | $90,439 |
| 4 | Korean Harvest Mission | 2512 Teresina Dr, Hacienda Hts, CA 91745 | CA | 1992-01 | $0 |
| 5 | Korean Health Education Information And Research Center | 3727 W 6th St Ste 210, Los Angeles, CA 90020-5108 | CA | 1992-07 | $5,847,501 |
| 6 | Korean Heritage Scholarship Foundation | 3700 Wilshire Blvd Ste 750, Los Angeles, CA 90010-3007 | CA | 1998-08 | $30,612 |
| 7 | Korean Immigrant Workers Advocates Of Southern California | 1053 S New Hampshire Ave, Los Angeles, CA 90006-2121 | CA | 1992-12 | $624,609 |
| 8 | Korean Independence Historical Association Inc | 1201 N Pacific Ave Ste 102, Glendale, CA 91202-3825 | CA | 1998-07 | $1 |
| 9 | Korean Institute Of Southern California | 4900 Wilshire Blvd, Los Angeles, CA 90010-3805 | CA | 1979-06 | $1,513,596 |
| 10 | Korean International Music Foundation | 3530 Wilshire Blvd Ste 380, Los Angeles, CA 90010-2344 | CA | 2005-07 | $25,590 |
| 11 | Korean Investors & Traders Association | 4801 Wilshire Blvd 285, Los Angeles, CA 90010-3811 | CA | 1997-10 | $136,711 |
| 12 | Korean Literature Society Ofamerica | 680 Wilshire Pl Ste 410, Los Angeles, CA 90005-4064 | CA | 2009-02 | $56,168 |
| 13 | Korean Medical Association Of Southern California | 4220 W 3rd St Ste 206, Los Angeles, CA 90020-3450 | CA | 1995-01 | $66,550 |
| 14 | Korean Methodist Church Of Palm Springs | 74200 Santa Rosa Cir, Palm Desert, CA 92260-3000 | CA | 2015-03 | $0 |
| 15 | Korean Mission Aviation Fellowship | Pobox 77160, Corona, CA 92877-0105 | CA | 1985-07 | $0 |
| 16 | Korean National Association Memorial Foundation, K N A Memorial Foundation | 1368 W Jefferson Blvd, Los Angeles, CA 90007-3437 | CA | 2004-01 | $43,224 |
| 17 | Korean Needy Children Supporters Association Of Southern California | 4124 Tracy St, Los Angeles, CA 90027-3235 | CA | 1994-06 | $64,319 |
| 18 | The Korean Writers Association Usa | Po Box 20349, Los Angeles, CA 90006 | CA | 1995-11 | $0 |
| 19 | Korean Presbyterian Church Of Thousand Oaks | 431 Country Club Dr Apt 101, Simi Valley, CA 93065-8320 | CA | 1992-01 | $0 |
| 20 | Korean Real Estate Brokers Association | C/O Justin Oh 3435 Wilshire Bvld, Los Angeles, CA 90010 | CA | 2003-12 | $78,867 |
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