Korean American Association Of Indiana

Organization Overview

Korean American Association Of Indiana is located in Indianapolis, IN. The organization was established in 2020. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korean American Association Of Indiana is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2020, Korean American Association Of Indiana generated $17.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (66.7%) each year. All expenses for the organization totaled $27.4k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE FELLOWSHIP AND TIES BETWEEN KOREAN-AMERICANS CONTRIBUTING TO THE DEVELOPMENT OF KOREAN AMERICAN SOCIETY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SHARING LOVE PROGRAM:TO ENCOURAGE ALL OF THE PEOPLE IN KOREAN COMMUNITY WHO HAVE BEEN SUFFERING THROUGH THE UNPRECEDENTED TIMES OF THIS GLOBAL PANDEMIC OF THE CORONAVIRUS, KAAI DECIDED TO HELP OUR COMMUNITY DIRECTLY AT THIS TIME BY DISTRIBUTING CASH GRANTS THROUGH A BRIEF PROCESS OF TAKING RECOMMENDATIONS AND APPLICATIONS. WITH A CURRENT SET BUDGET, KAAI PLANNED ON SENDING $1000 PER PERSON APPROVED IN LATE DECEMBER.18 PEOPLE APPLIED WITH A FORM EXPLAINING THEIR CIRCUMSTANCES PLUS REFERENCES AND KAAI ACCEPTED TO PAY THE GRANT.


SHARING LOVE PROGRAM:TO ENCOURAGE ALL OF THE PEOPLE IN KOREAN COMMUNITY WHO HAVE BEEN SUFFERING THROUGH THE UNPRECEDENTED TIMES OF THIS GLOBAL PANDEMIC OF THE CORONAVIRUS, KAAI DECIDED TO HELP OUR COMMUNITY DIRECTLY AT THIS TIME BY DISTRIBUTING CASH GRANTS THROUGH A BRIEF PROCESS OF TAKING RECOMMENDATIONS AND APPLICATIONS. WITH A CURRENT SET BUDGET, KAAI PLANNED ON SENDING $1000 PER PERSON APPROVED IN LATE DECEMBER.18 PEOPLE APPLIED WITH A FORM EXPLAINING THEIR CIRCUMSTANCES PLUS REFERENCES AND KAAI ACCEPTED TO PAY THE GRANT.


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Financial Statements

Statement of Revenue
Federated campaigns$11,300
Membership dues$6,000
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$17,300
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $17,300

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