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Overseas Korean Traders Association Of Southern California

Okta Sc

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

EIN: 651282271 ✦ Los angeles, CA ✦ Designated as a 501(c)(6)

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Overview

What is Overseas Korean Traders Association Of Southern California?

The Overseas Korean Traders Association of Southern California is a nonprofit organization dedicated to fostering mutual benefits among its members. By exchanging information, they aim to construct a global economic network for overseas businessmen, facilitating trade with foreign countries. Additionally, they educate the Korean-American community on running and operating businesses, offering workshops and seminars. The association also seeks to nurture the next generation of business leaders through a trade school, furthering their mission.


Official website here: www.oktala.net

Is Overseas Korean Traders Association Of Southern California legitimate?

Overseas Korean Traders Association Of Southern California is a legitimate nonprofit organization registered as a 501(c)(6) entity. Overseas Korean Traders Association Of Southern California 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: $54,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.oktala.net

What is the mission statement of Overseas Korean Traders Association Of Southern California?

The Overseas Korean Traders Association of Southern California's mission is centered around fostering mutual benefits among its members. It achieves this by facilitating the exchange of information and establishing a global economic network for overseas businessmen. This network is utilized to promote trade with foreign countries. Furthermore, the association aims to educate the Korean-American public about running and operating a business. This is done through workshops and seminars. The association also focuses on nurturing young businessmen as future leaders by providing them with trade school education.


Official website here: www.oktala.net

Who is the CEO of Overseas Korean Traders Association Of Southern California?

Edward Sohn is the Director of Overseas Korean Traders Association Of Southern California. The CEO's salary of Overseas Korean Traders Association Of Southern California is $0 and their total compensation is $0.


Official website here: www.oktala.net

What is the revenue of Overseas Korean Traders Association Of Southern California?

Overseas Korean Traders Association Of Southern California's revenue in 2022 was $278,221.


Official website here: www.oktala.net

Who are the executives of Overseas Korean Traders Association Of Southern California and what are their salaries?

The average compensation at Overseas Korean Traders Association Of Southern California during 2022 was $54,000. There is 1 employee at Overseas Korean Traders Association Of Southern California.


Here are 3 key members and their salaries (Overseas Korean Traders Association Of Southern California's CEO's salary is $0 and their total compensation is $0):


Charles Choe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Sohn (Ceo, Cfo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Lee (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.oktala.net

Where can I find the form 990 for Overseas Korean Traders Association Of Southern California?

Overseas Korean Traders Association Of Southern California's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.oktala.net

Learn more at the official website: www.oktala.net

Mission Statement of Overseas Korean Traders Association Of Southern California

The Overseas Korean Traders Association of Southern California is committed to fostering mutual benefit among its members. This is achieved through the exchange of information, aiming to establish a global economic network of overseas businessmen. The organization's mission extends beyond this, targeting the promotion of trade with foreign countries. Furthermore, it seeks to educate the Korean-American public on running and operating businesses effectively. This is accomplished through workshops and seminars, providing a platform for young businessmen to hone their skills and emerge as future leaders in the trade sector. The association also invests in the training of the next generation, recognizing their crucial role in shaping the future of business.

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Impact




October, 2024

The Overseas Korean Traders Association of Southern California plays a significant role in fostering economic growth and community development among Korean-American entrepreneurs and businesses. By facilitating the exchange of information and creating a global economic network, the association helps its members to enhance trade relationships with foreign countries. This support not only promotes mutual benefits among members but also contributes to the overall economic vitality of the region.

Additionally, the organization focuses on education, offering workshops and seminars that equip the Korean-American public with essential business management skills. This educational aspect is crucial, as it nurtures the next generation of business leaders through trade school initiatives, ensuring a continuous pipeline of skilled entrepreneurs who can thrive in a competitive global market. Overall, the association's efforts lead to community improvement and empowerment, helping to solidify the presence and influence of Korean businesses in Southern California.




This information is meant to be a general summary of Overseas Korean Traders Association Of Southern California. 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
$278,221 (2022)
Expenses
$369,480 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $138
  • Program Service Revenue: $146,740
  • Gross Receipts: $278,221

Assets and Liabilities:

  • Total Assets: $132,143
  • Total Liabilities: -$1,530
  • Net Assets: $133,673

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Programs

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

GOLF EVENTS

Revenue

$76,620

NEXT GENERATION TRADING SCHOOL

Revenue

$22,398

TRADE DAY OKTA PRESIDENTIAL

Revenue

$31,750

OTHERS

Revenue

$13,250

Organization Details

Founding Year

2006

Principal Officer

Edward Sohn

Main Address

4801 WILSHIRE BLVD APT 285, Los Angeles, CA, 90010

NTEE Category

Code: S41 - Community improvement

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