Hawaii Korean Chamber of Commerce Foundation Hkcc Foundation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO PROMOTE AND STRENGTHEN OUR DIVERSE COMMUNITY BY EDUCATING PRESENT AND FUTURE GENERATIONS IN THE EVOLVING KOREAN-AMERICAN EXPERIENCE IN HAWAII.
- Income
- $221,730
- Spending
- $178,909
- Spent on programs
- 95%
- Reserves
- 0.4 months of spending
- Largest source of income
- donations and private grants, 72%
- Employees
- 0
- Volunteers
- 200
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 64 out of 100. Higher than 37% of charities in its peer group (civil rights, under $250k).
Reserves
4 of 35Spendable reserves would cover 0.4 months of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
15 of 15Income exceeded spending by 19% of income.
Spending floor
15 of 1595% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 69 out of 100. Higher than 50% of charities in its peer group (civil rights, under $250k).
Independent board
25 of 257 of 7 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $164,471 spent. HKCC IS PARTNERING WITH THE KOREAN AMERICAN FOUNDATION, KOREAN DRAMA CLUBS AND HAWAII TOURISM AUTHORITY, KOREA TO SECURE A POPULAR KOREAN MOVIE AND POP STARS TO PERFORM AT THE FESTIVAL. THE ORGANIZATION EXPECTS THE PERFORMANCE TO ATTRACT A LARGE CROWD. A KOREAN FESTIVAL EXECUTIVE COMMITTEE FROM HKCC IS WORKING TOGETHER WITH A CORE GROUP OF VOLUNTEERS, COMPOSED OF MORE THAN 30 LEADERS OF VARIOUS ORGANIZATIONS IN THE KOREAN COMMUNITY. COLLECTIVELY, THE COMMITTEE HAS ACCESS TO MORE THAN 500 VOLUNTEERS TO ENSURE THE FESTIVAL'S SUCCESS. THE KOREAN FESTIVAL ATTRACTS WIDE PARTICIPATION FROM THE LOCAL COMMUNITY, GIVING PEOPLE OF DIVERSE BACKGROUNDS AND ETHNICITIES A SMALL TASTE OF KOREAN CULTURE. THE ANNUAL KOREAN FESTIVAL IS ONE OF THE PREMIER CULTURAL EVENTS IN HAWAII, BRINGING TOGETHER A BROAD ARRAY OF LOCAL BUSINESSES, COMMUNITY GROUPS, AND INDIVIDUAL VOLUNTEERS FROM THE KOREAN COMMUNITY IN A JOINT CELEBRATION OF THEIR UNIQUE HERITAGE HKCC IS PARTNERING WITH THE KOREAN AMERICAN FOUNDATION, KOREAN DRAMA CLUBS AND HAWAII TOURISM AUTHORITY, KOREA TO SECURE A POPULAR KOREAN MOVIE AND POP STARS TO PERFORM AT THE FESTIVAL. THE ORGANIZATION EXPECTS THE PERFORMANCE TO ATTRACT A LARGE CROWD. A KOREAN FESTIVAL EXECUTIVE COMMITTEE FROM HKCC IS WORKING TOGETHER WITH A CORE GROUP OF VOLUNTEERS, COMPOSED OF MORE THAN 30 LEADERS OF VARIOUS ORGANIZATIONS IN THE KOREAN COMMUNITY. COLLECTIVELY, THE COMMITTEE HAS ACCESS TO MORE THAN 500 VOLUNTEERS TO ENSURE THE FESTIVAL'S SUCCESS. THE KOREAN FESTIVAL ATTRACTS WIDE PARTICIPATION FROM THE LOCAL COMMUNITY, GIVING PEOPLE OF DIVERSE BACKGROUNDS AND ETHNICITIES A SMALL TASTE OF KOREAN CULTURE. THE ANNUAL KOREAN FESTIVAL IS ONE OF THE PREMIER CULTURAL EVENTS IN HAWAII, BRINGING TOGETHER A BROAD ARRAY OF LOCAL BUSINESSES, COMMUNITY GROUPS, AND INDIVIDUAL VOLUNTEERS FROM THE KOREAN COMMUNITY IN A JOINT CELEBRATION OF THEIR UNIQUE HERITAGE
- $6,000 spent. THE HAWAII KOREAN CHAMBER OF COMMERCE IS PLEASED TO OFFER ITS ANNUAL SCHOLARSHIP TO OUTSTANDING STUDENTS WHO ARE ENROLLED OR WILL BE ENROLLING FULL-TIME IN AN ACCREDITED FOUR-YEAR COLLEGE FOR UNDERGRADUATE STUDIES. THE SCHOLARSHIP IS AIMED AT CIVIC-MINDED INDIVIDUALS WHO HAVE A COMMITMENT TO SERVE THE NEEDS OF THE IMMEDIATE COMMUNITY AND SOCIETY AT LARGE. THE SCHOLARSHIP CONSISTS OF THREE 2,000 AWARDS. THE RECIPIENTS WILL RECEIVE THEIR AWARDS AT THE ANNUAL KOREAN FESTIVAL. ALL RECIPIENTS OR A REPRESENTATIVE OF THE RECIPIENTS MUST BE PRESENT AT THE KOREAN FESTIVAL TO RECEIVE THE AWARD. QUALIFIED APPLICANTS MUST: BE OF KOREAN ANCESTRY (50% OR MORE) RESIDE IN HAWAII BE A COLLEGE-BOUND, GRADUATING HIGH SCHOOL SENIOR OR A FULL-TIME UNDERGRADUATE STUDENT AT AN ACCREDITED FOUR-YEAR COLLEGE. FOR FURTHER INFORMATION, PLEASE REFER TO THE APPLICATION, OR IF YOU HAVE ANY OTHER QUESTIONS, PLEASE CONTACT THE CHAMBER. THE HAWAII KOREAN CHAMBER OF COMMERCE IS PLEASED TO OFFER ITS ANNUAL SCHOLARSHIP TO OUTSTANDING STUDENTS WHO ARE ENROLLED OR WILL BE ENROLLING FULL-TIME IN AN ACCREDITED FOUR-YEAR COLLEGE FOR UNDERGRADUATE STUDIES. THE SCHOLARSHIP IS AIMED AT CIVIC-MINDED INDIVIDUALS WHO HAVE A COMMITMENT TO SERVE THE NEEDS OF THE IMMEDIATE COMMUNITY AND SOCIETY AT LARGE. THE SCHOLARSHIP CONSISTS OF THREE 2,000 AWARDS. THE RECIPIENTS WILL RECEIVE THEIR AWARDS AT THE ANNUAL KOREAN FESTIVAL. ALL RECIPIENTS OR A REPRESENTATIVE OF THE RECIPIENTS MUST BE PRESENT AT THE KOREAN FESTIVAL TO RECEIVE THE AWARD. QUALIFIED APPLICANTS MUST: BE OF KOREAN ANCESTRY (50% OR MORE) RESIDE IN HAWAII BE A COLLEGE-BOUND, GRADUATING HIGH SCHOOL SENIOR OR A FULL-TIME UNDERGRADUATE STUDENT AT AN ACCREDITED FOUR-YEAR COLLEGE. FOR FURTHER INFORMATION, PLEASE REFER TO THE APPLICATION, OR IF YOU HAVE ANY OTHER QUESTIONS, PLEASE CONTACT THE CHAMBER.
- TO PROMOTE INTEREST AND AWARENESS OF KOREAN CULTURE IN HAWAII
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Worth knowing.
Status was revoked on May 15, 2020 for not filing returns for three years. The IRS now lists it as tax-exempt again.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since June 2022.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.