TY 2024 Form 990EZ

Form990EZ

Department of the Treasury
Internal Revenue Service

Short Form
Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)

Do not enter social security numbers on this form as it may be made public.

Go to www.irs.gov/Form990EZ for instructions and the latest information.

OMB No. 1545-0047

2024

Open to Public
Inspection

Check if applicable:

Address change

Name change

Initial return

Final return/terminated

Amended return

Application pending

C Name of organization
KOREAN AMERICAN CHAMBER OF
COMMERCE OF GEROGIA INC

Number and street (or P. O. box, if mail is not delivered to street address)2730 N Berkeley Lake Rd NW Ste 710
Room/suite

City or town, state or province, country, and ZIP or foreign postal code Duluth, GA30096

D Employer identification number

20-8345231

E Telephone number

(718) 813-3383

F Group Exemption
Number bullet

Part ⅢStatement of Program Service Accomplishments (see the instructions for Part III) Check if the organization used Schedule O to respond to any question in this Part III . .	Expenses (Required for section 501(c)(3) and 501(c)(4) organizations; optional for others.)
What is the organization's primary exempt purpose? TO PROMOTE THE GENERAL WELFARE OF THE KOREAN AMERICAN BUSINESS COMMUNITY IN THE GREATER GEORGIA AREA AND TO ENSURE AND FACILIATE THE INTERESTS AND GROWTH OF OUR MEMBERS.
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. In a clear and concise manner, describe the services provided, the number of persons benefited, and other relevant information for each program title.
28 Establish effective and productive means for improvement of welfare and membership of the Korean American Business Community in Georgia and vicinity through continuous efforts on exchange information, coordination, publication, statistical research, and consultation. Develop and exchange productivity of Korean American Business Community in Georgia and vicinity through periodic seminar, group workshop, or any other activities which are considered necessary under the circumstances. (Grants $ ) If this amount includes foreign grants, check here ...		28a
29 (Grants $ ) If this amount includes foreign grants, check here ...		29a
30 (Grants $ ) If this amount includes foreign grants, check here ...		30a
31 Other program services (describe in Schedule O) ................ (Grants $ ) If this amount includes foreign grants, check here...	31a
32 Total program service expenses (add lines 28a through 31a)..........	32

(a) Name and title

(b) Average
hours per week
devoted to position

(c) Reportable compensation
(Forms W-2/1099-MISC) (if not paid, enter -0-)

(d) Health benefits, contributions to employee benefit plans, and
deferred compensation

(e) Estimated amount
of other compensation

OH DONG HAN

President

20.00

Yes

Did the organization engage in lobbying activities or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II .......................

Is the organization a school as described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E ..

49a

Did the organization make any transfers to an exempt non-charitable related organization?......

49a

If "Yes," was the related organization a section 527 organization?................

49b

Complete this table for the organization's five highest compensated employees (other than officers, directors, trustees and key employees) who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and title of each employee	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation
NONE

Total number of other employees paid over $100,000 ............. bullet

Complete this table for the organization's five highest compensated independent contractors who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and business address of each independent contractor	(b) Type of service	(c) Compensation
NONE

Return Reference	Explanation
Other Expenses.1001	Advertising and Promotion $4700
Other Expenses.1002	Office Expenses $2810
Other Expenses.1005	Travel $876
Other Expenses.1007	Conferences, Conventions, and Meetings $15661
Other Expenses.1	Donation $20514
Other Expenses.2	Contractors $8750
Other Expenses.3	Outside Contract Services $3500
Other Expenses.5	Repair and Maintenance $1600
Other Expenses.6	Taxes $533
Other Expenses.7	Bank Service Charge $1

Return Reference

Explanation

Other Expenses.1001

Advertising and Promotion $4700

Other Expenses.1002

Office Expenses $2810

Other Expenses.1005

Travel $876

Other Expenses.1007

Conferences, Conventions, and Meetings $15661

Other Expenses.1

Donation $20514

Other Expenses.2

Contractors $8750

Other Expenses.3

Outside Contract Services $3500

Other Expenses.5

Repair and Maintenance $1600

Other Expenses.6

Taxes $533

Other Expenses.7

Bank Service Charge $1

1	Contributions, gifts, grants, and similar amounts received ....................	1	68,660
2	Program service revenue including government fees and contracts ................	2
3	Membership dues and assessments .............................	3
4	Investment income ....................................	4
5a	Gross amount from sale of assets other than inventory .......	5a
b	Less: cost or other basis and sales expenses ............	5b	0
c	Gain or (loss) from sale of assets other than inventory (Subtract line 5b from line 5a) ......	5c
6	Gaming and fundraising events
a	Gross income from gaming (attach Schedule G if greater than $15,000)	6a
b	Gross income from fundraising events (not including $ of contributions from fundraising events reported on line 1) (attach Schedule G if the			sum of such gross income and contributions exceeds $15,000) ..	6b	0
c	Less: direct expenses from gaming and fundraising events ...	6c	0
d	Net income or (loss) from gaming and fundraising events (add lines 6a and 6b and subtract line 6c)	6d
7a	Gross sales of inventory, less returns and allowances ......	7a
b	Less: cost of goods sold .............	7b	0
c	Gross profit or (loss) from sales of inventory (Subtract line 7b from line 7a) .........	7c
8	Other revenue (describe in Schedule O) ....................	8
9	Total revenue. Add lines 1, 2, 3, 4, 5c, 6d, 7c, and 8 ..............	9	68,660

10	Grants and similar amounts paid (list in Schedule O) ................	10
11	Benefits paid to or for members ......................	11
12	Salaries, other compensation, and employee benefits ................	12
13	Professional fees and other payments to independent contractors ............	13	700
14	Occupancy, rent, utilities, and maintenance ...................	14
15	Printing, publications, postage, and shipping ...................	15	2,186
16	Other expenses (describe in Schedule O) ...................	16	58,945
17	Total expenses. Add lines 10 through 16 .................	17	61,831

18	Excess or (deficit) for the year (Subtract line 17 from line 9) ............	18	6,829
19	Net assets or fund balances at beginning of year (from line 27, column (A)) (must agree with
	end-of-year figure reported on prior year’s return) .................	19
20	Other changes in net assets or fund balances (explain in Schedule O) ...........	20
21	Net assets or fund balances at end of year. Combine lines 18 through 20 ..........	21	6,829

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Software ID:	24020486
Software Version:	2024v5.2