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INSTITUTE OF ASIAN CULTURE & DEVELOPMENT: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
INSTITUTE OF ASIAN CULTURE & DEVELOPMENT (EIN 95-4612128)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-16
IRS object ID
202503209349301470
Schema version
2024v5.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-11-16T13:55:55-08:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN264465975PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1INHO CHO CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14860 IRVINE BLVD STE 207AddressLine1Txt
CityIRVINECityNm
State AbbreviationCAStateAbbreviationCd
ZIP92620ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN954612128EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1INSTITUTE OF ASIAN CULTURE & DEVELOPMENTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlINSTBusinessNameControlTxt
Phone3108044525PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line127201 TOURNEY RDAddressLine1Txt
CityVALENCIACityNm
State AbbreviationCAStateAbbreviationCd
ZIP91355ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGYU CHOPersonNm
Person TitleCFOPersonTitleTxt
Phone3108044525PhoneNum
Signature2025-05-07SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonINHO CHOPreparerPersonNm
PTINP00633449PTIN
Phone7145443001PhoneNum
Preparation2025-11-16PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1IACDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerGYU CHOPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line127201 TOURNEY RD STE 125AddressLine1Txt
CityVALENCIACityNm
State AbbreviationCAStateAbbreviationCd
ZIP91355ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$4,576,202GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1996FormationYr
Legal Domicile StateCALegalDomicileStateCd
Activity Or MissionCHRISTIAN MISSIONARY SUPPORT SUPPORT CHRISTIAN MISSIONARIES SERVE IN UNDER-DEVELOPED ASIAN COUNTIRES IN FINANCIALLY AND SPIRITUALLY.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers300TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$29,289PYContributionsGrantsAmt
CY Contributions Grants$13,040CYContributionsGrantsAmt
PY Program Service Revenue$2,754,649PYProgramServiceRevenueAmt
CY Program Service Revenue$4,563,162CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$2,783,938PYTotalRevenueAmt
CY Total Revenue$4,576,202CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$3,036,260PYOtherExpensesAmt
CY Other Expenses$2,570,560CYOtherExpensesAmt
PY Total Expenses$3,036,260PYTotalExpensesAmt
CY Total Expenses$2,570,560CYTotalExpensesAmt
PY Revenues Less Expenses-$252,322PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$2,005,642CYRevenuesLessExpensesAmt
Total Assets BOY$660,814TotalAssetsBOYAmt
Total Assets EOY$2,005,641TotalAssetsEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$660,814NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,005,641NetAssetsOrFundBalancesEOYAmt
MissionCHRISTIAN MISSIONARY SUPPPORT SUPPORT CHRISTIAN MISSIONARIES SERVE IN UNDER DEVELOPED ASIAN COUNTIRES IN FINANCIALLY AND SPIRITUALLY.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$1,427,488ExpenseAmt
Grant$0GrantAmt
Revenue$3,536,162RevenueAmt
DescMISSIONARY SUPPORT: SUPPORTING MISSIONARIES WHO ARE WORKING IN THE UNDERDEVELOPED ASIAN COUNTIRES AS WELL AS THOSE MUSLIM COUNTIRES OF OLD USSR. FOREIGN OPERATION PROJECT: TRAIN YOUNG ASIAN-AMERICANS MISSIONARIES AND SEND TO ASIAN COUNTIRES FOR TEACHING BIBLE AND PROVIDED COMMUNITY WORKS IN SHORT-TERM BASIS. THE COMMUNITY OUTREACH WORKS INCLUDED MEDICAL SERVICES, FIGHT THE COMPUTER ILLITERACY, WOMENS MINISTRY, PARTNERSHIP OF MINISTRY, DISCIPLESHIP.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$480,704ExpenseAmt
Grant$0GrantAmt
Revenue$640,514RevenueAmt
DescMEMBER CONFERENCE: EDUCATE MEMBERS OF THE CAUSE OF MISSIONARY WORKS AND ENVISION THE MEMBERS FOR THEIR PARTICIPATION BASED ON THE BIBLICAL TEACHING OF MATHEW 28: 19-20Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$339,751ExpenseAmt
Grant$0GrantAmt
Revenue$386,486RevenueAmt
DescEDUCATION PROGRAM: IACD PLANNED TO SETUP A SHELTER FOR RETURNING MISSIONARY WHO PLANNED STAY AT PROJECT SITE FOR SHORT TERM BASIS, BUT MISSIONARIES STAY AT PROJECT SITE MORE THAN 5 YEARS THAT RETURNING MISSIONARIES ARE HAVING HARD TIME TO ADOPT OLD HOME ENVIRONMENT. IACD RECOGNIZED THE NEED ESTABLISHING A SHELTER FOR THOSE MISSIONARIES TO TRAIN AND RESHAPE OLD SKILLED TO GO BACK TO THEIR ORIGINAL HOMELAND, IACD HAD DECIDED TO SET THE CENTER IN SOUTH KOREA.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$2,247,943TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficeYes (true)ForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredfalseScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld CompliancefalseBackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
DAF Excess Business HoldingsfalseDAFExcessBusinessHoldingsInd
Taxable DistributionsfalseTaxableDistributionsInd
Distribution To DonorfalseDistributionToDonorInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonGYU CHOPersonNm
Phone3108044525PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line127201 TUORNEY RD STE 125AddressLine1Txt
CityVALENCIACityNm
State AbbreviationCAStateAbbreviationCd
ZIP91355ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
MI LEE
PRESIDENT20.00Yes (X)$0$0$0
YEO KIM
SECRETARY20.00Yes (X)$0$0$0
GYU CHO
CFO10.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$13,040AllOtherContributionsAmt
Total Contributions$13,040TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmtExclusionExclusionAmt
MISSIONARY SUPPORT900099$3,536,162$0$0
CONFERENCE REVENUE900099$640,514$0$0
EDUCATION PROGRAM INCOME900099$386,486$0$0
FieldValueIRS element (for citing)
Total Program Service Revenue$4,563,162TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,576,202TotalRevenueColumnAmt
Related Or Exempt Func Income$4,563,162RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
MISSIONARY SUPPORT$1,427,488$1,427,488$0$0
CONFERENCE$480,704$480,704$0$0
EDUCATION PROGRAM$339,751$339,751$0$0

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$322,617TotalAmt
Program Services$0ProgramServicesAmt
Management And General$322,617ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,570,560TotalAmt
Program Services$2,247,943ProgramServicesAmt
Management And General$322,617ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$660,814BOYAmt
EOY$774,284EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
EOY$1,231,357EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$660,814BOYAmt
EOY$2,005,641EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$660,814BOYAmt
EOY$2,005,641EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$660,814BOYAmt
EOY$2,005,641EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$660,814BOYAmt
EOY$2,005,641EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$2,005,642ReconcilationRevenueExpnssAmt
Prior Period Adjustments-$660,815PriorPeriodAdjustmentsAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
ChurchYes (X)ChurchInd
Other Support Sum$0OtherSupportSumAmt
Public Support CY1700PublicSupportCY170Pct
Public Support Total509$0PublicSupportTotal509Amt
Public Support CY5090PublicSupportCY509Pct
Investment Income CY0InvestmentIncomeCYPct

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Pt VI, Line 11bUPON REQUEST
Form 990, Part IX, Line 24eALL OTHER EXPENSES 322617. 0. 322617. 0.

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