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Virginia Korean society regains non-profit status

September 24, 2015
Left to right: Principal Lee Jae-hoon, Korean American Society of Virginia President Kim Tae-won, Chairperson Michael Kwon

Left to right: Principal Lee Jae-hoon, Korean American Society of Virginia President Kim Tae-won, Chairperson Michael Kwon

By The Korea Times Washington DC staff

The Korean American Society of Virginia announced Wednesday it has regained non-profit status.

The organization lost its non-profit status last year on charges of failure to file taxes and was fined $27,500.

Kim Tae-won, society president, said he plans to request a grant from Fairfax County this fall.

Before losing its non-profit status, the society had received an annual grant of $65,000 from the county. It also received an average of about $20,000 to $30,000 a year in donations.

It changed its English name from the Korean American Association of Virginia to its current title in order to apply for a new tax-exempt status.

“I’m glad to bring this news to the Korean American community,” said Michael Kwon, a society chairperson.

The regained non-profit status also means charitable donations to the society are once again tax-deductible.

The society offers job education classes for new immigrants in the community.

“After losing its non-profit status, the school lost a lot of students,” said Lee Jae-hoon, principal of the school operated under the society. “Now that we’ve regained it, I hope for more donations and more student registrations.”