Korean American Music Academy

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

EIN: 954290753 ✦ Tujunga, CA ✦ Designated as a 501(c)(3)

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Overview

What is Korean American Music Academy?

The Korean American Music Academy, situated in Tujunga, California, is a nonprofit organization dedicated to the promotion of music education. Despite challenges posed by the Covid-19 pandemic, the academy persevered in providing educational programs and organizing concerts during the 2021-2022 fiscal year. Their mission extends beyond instruction, as they also make payments to affiliated entities and manage occupancy. In 2022, the academy celebrated its annual concert, showcasing the fruits of its commitment to music education.

Is Korean American Music Academy legitimate?

Korean American Music Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Korean American Music Academy 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 Music Academy?

The Korean American Music Academy is dedicated to fulfilling its primary mission of providing music education. Despite the challenges posed by Covid-19 restrictions during Fiscal Year 21-22, the academy persisted in delivering music education and organizing concerts. In 2022, they hosted their annual concert. Their programs extend beyond educational offerings, also including payments to affiliates and managing occupancy-related expenses.

Who is the CEO of Korean American Music Academy?

Tim Choi is the Ceo of Korean American Music Academy. The CEO's salary of Korean American Music Academy is $0 and their total compensation is $0.

What is the revenue of Korean American Music Academy?

Korean American Music Academy's revenue in 2022 was $155,437.

Who are the executives of Korean American Music Academy and what are their salaries?


Here are 3 key members and their salaries (Korean American Music Academy's CEO's salary is $0 and their total compensation is $0):


Tim Choi (Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Yoosun Kim (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Seung Kyung Yang (Cfo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Korean American Music Academy?

Korean American Music Academy's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Korean American Music Academy

The Korean American Music Academy, as its primary mission, focuses on providing music education. During the challenging period of Fiscal Year 21-22, marked by Covid-19 restrictions, the academy persisted in delivering music education and organizing concerts. Demonstrating its commitment, the academy hosted its annual concert in 2022. Beyond offering music education, the academy's programs encompass payments to affiliates and managing occupancy.

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Impact




October, 2024

The Korean American Music Academy significantly impacts the community by providing accessible music education and fostering cultural enrichment through the arts. Despite the challenges posed by Covid-19, the academy remained committed to its mission, continuing to offer educational programs and hosting concerts. This resilience not only nurtures musical talent among participants but also strengthens community ties through shared cultural experiences.

Located in Tujunga, CA, the academy serves as a hub for artistic expression and collaboration, supporting affiliate artists and ensuring the vibrancy of its programs. The annual concert showcases the achievements of its students and reinforces the importance of music as a conduit for creativity and cultural exchange. Overall, the Korean American Music Academy enhances the local cultural landscape, promotes artistic development, and brings together a diverse community around the transformative power of music.




This information is meant to be a general summary of Korean American Music Academy. 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
$155,437 (2022)
Expenses
$165,236 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $155,437

Assets and Liabilities:

  • Total Assets: $42,151
  • Total Liabilities: $0
  • Net Assets: $42,151

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Organization Details

Principal Officer

Tim Choi

Main Address

11049 RENAISSANCE DR, TUJUNGA, CA, 91042

NTEE Category

Code: A68 - Arts

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