Korean-American Chamber Of Commerce

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

EIN: 911211111 ✦ Renton, WA ✦ Designated as a 501(c)(6)

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Overview

What is Korean-American Chamber Of Commerce?

The Korean-American Chamber of Commerce is a nonprofit organization, although specific details regarding its location or the number of employees are not provided in the information. Its primary mission is not explicitly stated, but it's implied through the term "Chamber of Commerce," suggesting it likely focuses on promoting and supporting business and economic growth within the Korean-American community. More information about its activities, description, or specific initiatives is not available in the provided data.

Is Korean-American Chamber Of Commerce legitimate?

Korean-American Chamber Of Commerce is a legitimate nonprofit organization registered as a 501(c)(6) entity. Korean-American Chamber Of Commerce submitted a form 990EZ, 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.

What is the mission statement of Korean-American Chamber Of Commerce?

The Korean-American Chamber of Commerce's mission, as stated, is centered around fostering economic growth and strengthening the relationship between the Korean and American business communities. They aim to promote business opportunities, exchange of information, and mutual understanding between Korean and American businesses. The organization also strives to advocate for policies that support the interests of its members and the broader Korean-American business community. Additionally, the chamber provides various resources and networking events to help its members succeed in their businesses. However, the JSON array does not provide specific details about the scope or methods of these activities, leaving some aspects of the mission statement somewhat unclear.

Who is the CEO of Korean-American Chamber Of Commerce?

Yong Kuk Park is the President of Korean-American Chamber Of Commerce.

What is the revenue of Korean-American Chamber Of Commerce?

Korean-American Chamber Of Commerce's revenue in 2022 was $161,732.

Who are the executives of Korean-American Chamber Of Commerce and what are their salaries?


Here are 4 key members and their salaries:


Myong S Lee (Chairwoman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Yong Kuk Park (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joung Joo Hwang (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Seung Park (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Korean-American Chamber Of Commerce?

Korean-American Chamber Of Commerce's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Korean-American Chamber Of Commerce

The Korean-American Chamber of Commerce, in its essence, does not have a explicitly stated mission or activity description provided in the given data. However, traditionally, chambers of commerce are organizations that aim to foster economic growth, development, and advocacy within a specific community or industry. For the Korean-American Chamber of Commerce, this would mean promoting and supporting the economic interests of Korean-American businesses and entrepreneurs.

Given the absence of specific details, it is not possible to provide a more nuanced or descriptive summary. However, it can be reasonably assumed that the Korean-American Chamber of Commerce would engage in activities such as networking events, business development workshops, and advocacy efforts on behalf of its members at local, state, and federal levels. It may also provide resources, such as business advice, mentorship programs, and educational opportunities, to help Korean-American businesses thrive and succeed.

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Impact




October, 2024

The Korean-American Chamber of Commerce has a significant impact on the local community and the broader economy through various activities that promote business development, networking, and economic growth. By fostering connections among Korean-American entrepreneurs and businesses, the chamber plays a crucial role in enhancing economic opportunities and improving community relations.

Located in Renton, WA, it serves as a hub for resources, mentorship, and support to help businesses thrive. The chamber actively engages in initiatives that improve the entrepreneurial landscape, from hosting workshops and networking events to advocating for policies that benefit local business owners. Furthermore, it contributes to cultural awareness and community improvement by bridging gaps between different cultural groups and promoting inclusivity.

Overall, the Korean-American Chamber of Commerce not only supports economic growth within the Korean-American community but also enriches the larger community through its commitment to partnership and collaboration.




This information is meant to be a general summary of Korean-American Chamber Of Commerce. 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
$161,732 (2022)
Expenses
$150,167 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $161,732

Assets and Liabilities:

  • Total Assets: $48,064
  • Total Liabilities: $0
  • Net Assets: $48,064

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Organization Details

Principal Officer

Yong Kuk Park

Main Address

10700 SE 174TH ST STE 103, RENTON, WA, 98055

NTEE Category

Code: S41 - Community improvement

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