Korean Chamber Of Commerce And Industry In The Usa Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 133684605 ✦ New york, NY ✦ Designated as a 501(c)(6)

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Overview

What is Korean Chamber Of Commerce And Industry In The Usa Inc?

The Korean Chamber of Commerce and Industry in the USA, Inc. is a nonprofit organization established to foster economic collaboration and amicable relations between the American and South Korean business communities. Representing its member's perspectives on trade, commerce, and other business-related matters, this organization collects, evaluates, and disseminates relevant information to support its members and broader business communities. Its primary purpose is to promote cooperation and goodwill between the two nations, ultimately strengthening the economic ties between the United States and South Korea.


Official website here: www.kocham.org

Is Korean Chamber Of Commerce And Industry In The Usa Inc legitimate?

Korean Chamber Of Commerce And Industry In The Usa Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Korean Chamber Of Commerce And Industry In The Usa Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.kocham.org

What is the mission statement of Korean Chamber Of Commerce And Industry In The Usa Inc?

The Korean Chamber of Commerce and Industry in the USA, Inc. was established with the purpose of fostering economic cooperation and fostering goodwill between the business communities and people of both the United States and the Republic of Korea. The organization represents the views of its members on trade, commerce, and other business-related matters. It additionally collects, evaluates, and disseminates information related to trade, commerce, and other related subjects to further aid its members and the business communities. The mission of Korean Chamber of Commerce and Industry in the USA, Inc. is to serve as a resource, providing valuable insights and assistance to its members to navigate the intricacies of trade and commerce between the two nations.


Official website here: www.kocham.org

Who is the CEO of Korean Chamber Of Commerce And Industry In The Usa Inc?

Seong Yong Yoon is the Vice Chairma of Korean Chamber Of Commerce And Industry In The Usa Inc.


Official website here: www.kocham.org

What is the revenue of Korean Chamber Of Commerce And Industry In The Usa Inc?

Korean Chamber Of Commerce And Industry In The Usa Inc's revenue in 2022 was $325,022.


Official website here: www.kocham.org

Who are the executives of Korean Chamber Of Commerce And Industry In The Usa Inc and what are their salaries?

There are 12 employees at Korean Chamber Of Commerce And Industry In The Usa Inc.


Here are 4 key members and their salaries:


Seong Yong Yoon (Vice Chairma)
  • Compensation: $71,480
  • Related: $0
  • Other: $0
Kyung Yong Min (Officer)
  • Compensation: $64,364
  • Related: $0
  • Other: $0
Helena Min (Officer)
  • Compensation: $37,673
  • Related: $0
  • Other: $0
Won Hwangbo (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.kocham.org

Where can I find the form 990 for Korean Chamber Of Commerce And Industry In The Usa Inc?

Korean Chamber Of Commerce And Industry In The Usa Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.kocham.org

Learn more at the official website: www.kocham.org

Mission Statement of Korean Chamber Of Commerce And Industry In The Usa Inc

Korean Chamber of Commerce and Industry in the USA, Inc., established with the primary objective, seeks to foster economic cooperation and goodwill between the business communities of the United States and the Republic of Korea. This organization represents the views of its members on trade, commerce, and other business issues. Additionally, it collects, evaluates, and disseminates relevant information related to trade, commerce, and other related matters to provide further assistance to its members and the business communities at large. By doing so, Korean Chamber of Commerce and Industry in the USA, Inc. aims to enhance the cooperation and understanding between these two nations, ultimately benefiting their respective economies.

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Impact




October, 2024

The Korean Chamber of Commerce and Industry in the USA, Inc. significantly enhances economic cooperation and goodwill between the United States and the Republic of Korea. By representing the interests and concerns of its members, it serves as a vital conduit for communication regarding trade, commerce, and other business issues.

The chamber plays a crucial role in gathering, evaluating, and disseminating relevant information that aids businesses and community members in navigating complex trade dynamics. This support not only fosters stronger business networks but also contributes to the overall economic landscape by bridging cultural and commercial gaps. Its efforts promote mutual understanding and collaboration, ensuring that both nations can benefit from shared opportunities in trade and investment.

Additionally, the chamber's initiatives work towards community improvement, creating a positive impact on local economies and enhancing the integration of Korean businesses within the broader U.S. marketplace. Through these multifaceted activities, the chamber profoundly influences the economic synergy between the two countries, fostering a vibrant and dynamic business environment.




This information is meant to be a general summary of Korean Chamber Of Commerce And Industry In The Usa Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$325,022 (2022)
Expenses
$343,036 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $15,777
  • Program Service Revenue: $399,000
  • Gross Receipts: $325,022

Assets and Liabilities:

  • Total Assets: $1,173,889
  • Total Liabilities: $20,683
  • Net Assets: $1,153,206

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES

Revenue

$399,000

Organization Details

Founding Year

1992

Principal Officer

Seong Yong Yoon

Main Address

460 PARK AVENUE RM/STE 410, NEW YORK, NY, 10022

NTEE Category

Code: S41 - Community improvement

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