Korean American Chamber Of Commerce Of Los Angeles

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

EIN: 953997999 ✦ Los angeles, CA ✦ Designated as a 501(c)(6)

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Overview

What is Korean American Chamber Of Commerce Of Los Angeles?

The Korean American Chamber of Commerce of Los Angeles is a nonprofit organization situated in the heart of Los Angeles, California, specifically at 3435 Wilshire Blvd STE 2450. Their primary mission is to foster the prosperity and well-being of the Korean American business community in the Greater Los Angeles area. They actively work towards ensuring and facilitating the interests and growth of their members. Their operations involve promoting a conducive business environment for Korean American entrepreneurs and businesses, striving to enhance their collective success. The organization is staffed by a modest team of two individuals.


Official website here: www.lakacc.com/

Is Korean American Chamber Of Commerce Of Los Angeles legitimate?

Korean American Chamber Of Commerce Of Los Angeles is a legitimate nonprofit organization registered as a 501(c)(6) entity. Korean American Chamber Of Commerce Of Los Angeles 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: $104,940

For more financial information, click here


Official website here: www.lakacc.com/

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

The Korean American Chamber of Commerce of Los Angeles is dedicated to enhancing the well-being of the Korean American business community in a broader Los Angeles area. Their mission is to champion and facilitate the interests and growth of their members, working tirelessly to ensure their success. The organization plays a crucial role in promoting the prosperity of the Korean American business sector, fostering an environment conducive to their growth and development.


Official website here: www.lakacc.com/

Who is the CEO of Korean American Chamber Of Commerce Of Los Angeles?

Il Han Kang is the Secretary of Korean American Chamber Of Commerce Of Los Angeles.


Official website here: www.lakacc.com/

What is the revenue of Korean American Chamber Of Commerce Of Los Angeles?

Korean American Chamber Of Commerce Of Los Angeles's revenue in 2022 was $554,799.


Official website here: www.lakacc.com/

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

The average compensation at Korean American Chamber Of Commerce Of Los Angeles during 2022 was $52,470. There are 2 employees and 110 volunteers at Korean American Chamber Of Commerce Of Los Angeles.


Here are 3 key members and their salaries:


Kyeong Cheol Ha (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Il Han Kang (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dae Woo Lee (Cfo)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lakacc.com/

Where can I find the form 990 for Korean American Chamber Of Commerce Of Los Angeles?

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


Official website here: www.lakacc.com/

Learn more at the official website: www.lakacc.com/

Mission Statement of Korean American Chamber Of Commerce Of Los Angeles

The Korean American Chamber of Commerce of Los Angeles, often referred to as the organization, is dedicated to enhancing the welfare of the Korean American business community residing in the greater Los Angeles area. Its primary objective is to champion and foster the interests and growth of its members. By doing so, the Chamber aims to contribute positively to the larger business community in Los Angeles. The organization's mission is multifaceted, encompassing various initiatives and activities that serve to bolster the Korean American business sector.

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Impact




October, 2024

The Korean American Chamber of Commerce of Los Angeles significantly impacts the Korean American business community in the Greater Los Angeles area by promoting their general welfare and facilitating growth. It serves as a vital resource, connecting businesses with necessary tools and opportunities for development. By advocating for the interests of its members, the chamber helps create a supportive environment that fosters collaboration, networking, and knowledge sharing among entrepreneurs. This active engagement promotes economic stability and cultural exchange, ultimately enhancing the overall contribution of Korean Americans to the local economy and community. Through organized events, workshops, and advocacy efforts, the chamber strengthens the business landscape, ensuring that the voices and needs of its members are recognized and addressed.




This information is meant to be a general summary of Korean American Chamber Of Commerce Of Los Angeles. 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
$554,799 (2022)
Expenses
$523,386 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,272
  • Gross Receipts: $554,799

Assets and Liabilities:

  • Total Assets: $674,745
  • Total Liabilities: $15,000
  • Net Assets: $659,745

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Organization Details

Founding Year

1985

Principal Officer

Il Han Kang

Main Address

3435 WILSHIRE BLVD STE 2450, LOS ANGELES, CA, 90019

NTEE Category

Code: S41 - Community improvement

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