Korean American Cultural Art Foundation Incorporated

Address
2429 Streamview Drive
Waldorf, MD 20603
Contact
Phone: +1 (703) 507-4492
Nonprofit
NTEE: A23 - Cultural, Ethnic Awareness
EIN: 41-2211438

Mission

The KACA is organized exclusively for educational and charitable purposes, as defined by section 501 (c) (3) of the Internal Revenue Code. The main objective is to spread good will between Korea and USA thru various cultural concert events and exchanges. The organization will sponsor and hold various cultural exchange events such as concerts and seminars related to Korean traditional arts and performances.
 20162015201420132009
Basic features of the organization
Year of formation2008
Metropolitan statistical area8872
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$0.00$0.00$0.00  
Number of employees000  
Number of people compensated >$100k000  
Number of volunteers000  
Number of highly compensated contractors000  
Personnel
Capuano, Donna
TitleTreasurer    
Name of key/compensated personDonna Capuano    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org10.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Hahm, Kathy
Title DirectorDirector  
Name of key/compensated person Kathy HahmKathy Hahm  
Position of compensated person
Current individual trustee or director TrueTrue  
Average hours per week working for org 10.0010.00  
Reportable compensation from org $0.00$0.00  
Other comp, non-reportable, from org and related orgs $0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00  
Itoh, Annie
Title DirectorDirector  
Name of key/compensated person Annie ItohAnnie Itoh  
Position of compensated person
Current individual trustee or director TrueTrue  
Average hours per week working for org 10.0010.00  
Reportable compensation from org $0.00$0.00  
Other comp, non-reportable, from org and related orgs $0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00  
Kim, Hyun
TitleBoard of members    
Name of key/compensated personHyun Jung Kim    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org10.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Kim, Kyung
Title DirectorDirector  
Name of key/compensated person Kyung E KimKyung E Kim  
Position of compensated person
Current individual trustee or director TrueTrue  
Average hours per week working for org 10.0010.00  
Reportable compensation from org $0.00$0.00  
Other comp, non-reportable, from org and related orgs $0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00  
Moore, Soon
TitleBoard of members    
Name of key/compensated personSoon J Moore    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org10.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Pantages, Chong
TitlePresidentPresidentPresident  
Name of key/compensated personChong S PantagesChong S PantagesChong S Pantages  
Position of compensated person
Average hours per week working for org20.0020.0020.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Pantages, Moka
TitleVice-Chairman    
Name of key/compensated personMoka Pantages    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org10.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Purpose: mission, activities, & accomplishments
Mission or significant activitiesKorean American Cultural Art, Corp. is a non-profit organization based in Maryland. The main objective is to spread and establish good will between Korea and USA thru various cultural concert events and exchanges. The organization will sponsor and hold various cultural exchange events such as concerts and seminars related to Korean traditional arts and performances.Korean American Cultural Art, Corp. is a non-profit organization based in Maryland. The main objective is to spread and establish good will between Korea and USA thru various cultural concert events and exchanges. The organization will sponsor and hold various cultural exchange events such as concerts and seminars related to Korean traditional arts and performances.Korean American Cultural Art, Corp. is a non-profit organization based in Maryland. The main objective is to spread and establish good will between Korea and USA thru various cultural concert events and exchanges. The organization will sponsor and hold various cultural exchange events such as concerts and seminars related to Korean traditional arts and performances.  
Program service expenses, total$97,989.00$158,488.00$111,612.00  
Programs, including revenue & expenses
Korean Cultural Expo and 11th Annual Korean American Cultural Arts Festival. Various Korean Traditional Art and Cultural Performers Were Invited to US and concert was held during 2016.
Program expenses$97,989.00$158,488.00$111,612.00  
Program descriptionKorean Cultural Expo and 11th Annual Korean American Cultural Arts Festival. Various Korean Traditional Art and Cultural Performers Were Invited to US and concert was held during 2016.Korean Cultural Expo and 10th Annual Korean American Cultural Arts Festival. Various Korean Traditional Art and Cultural Performers Were Invited to US and concert was held during 2015.Korean Cultural Expo and 9th Annual Korean American Cultural Arts Festival. Various Korean Traditional Art and Cultural Performers Were Invited to US and concert was held during 2014.  
Financial data
Revenue
Total revenue$133,912.00$201,306.00$129,740.00  
Revenue from contributions (total)$133,912.00$201,306.00$129,727.00$51,050.00$82,887.00
Revenue from noncash contributions$28,695.00$62,949.00$55,138.00  
Investment income, current yr$0.00$0.00$13.00  
Total revenue from grants, etc., current yr$133,912.00$201,306.00$129,727.00  
Total unrelated business revenue$0.00$0.00$0.00  
Other revenue, current yr$0.00$0.00$0.00  
Net unrelated business taxable revenue$0.00$0.00$0.00  
Program service revenue (total) $0.00$0.00$0.00$0.00
Gross receipts$133,912.00$201,306.00$129,740.00  
Sources of contributions
Contributions revenue from membership dues$133,912.00 $1,900.00  
Revenue from all other contributions $201,306.00$127,827.00  
Other types of revenue
Income from dividends, interest, and similar investments  $13.00  
Net rental income $0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$101,324.00$178,067.00$112,412.00  
Total functional expenses: program service $97,989.00$158,488.00$111,612.00  
Total functional expenses: management and general$3,335.00$19,579.00$800.00  
Total functional expenses: fundraising$0.00$0.00$0.00  
Fees for services
Fundraising service fees (total)$0.00$0.00$0.00  
Assets and liabilities
Total assets$74,307.00$41,719.00$18,480.00$1,152.00$4,121.00
Total assets, beginning of year$41,719.00$18,480.00$1,152.00  
Total liabilities$0.00$0.00$0.00$0.00$0.00
Total liabilities, beginning of year$0.00$0.00$0.00  
Net assets$74,307.00$41,719.00$18,480.00  
Net assets, beginning of year$41,719.00$18,480.00$1,152.00  
Cash: non-interest bearing$74,307.00$41,719.00$18,480.00  
Cash: non-interest bearing, beginning of year$41,719.00$18,480.00$1,152.00  
Other financial variables
Revenue less expenses$32,588.00$23,239.00$17,328.00  
Total net assets or fund balances$74,307.00$41,719.00$18,480.00  
Governance and accountability
Number of voting members444  
Number of independent voting members444  
Cash accountingTrueTrueTrue  
Tax year start date2016-01-012015-01-012014-01-01  
Tax year end date2016-12-012015-12-012014-12-012013-12-012009-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990  
Date e-filing submitted2017-10-132016-11-022015-09-21  
IRS schema version2016v3.02015v2.12014v5.0  
Filing identifier201731779349300773201612039349300646201512329349300341  
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