Form 990 for tax year 2023
Filed by KOREAN AMERICAN ASSOCIATION OF GREATER NEW YORK INC.
What the amendment changed
Compared with the return it replaced , filed 11 October 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
- Total expenses
- $447,421 changed to $447,734
- Program services expenses
- $173,737 changed to $174,050
- Program service expenses (Part III)
- $173,737 changed to $174,050
Listed only on the earlier return
- ANDY K SUL
- ANNE KIM
- BRIDGETTE AHN
- CHAN HEE WOO
- CHARLES YOON
- CHUL PAK
- DANIEL CHO
- HANNAH Y KIM
- HUMIN GLOBAL KOREAN SCHOOL
- JIMMY LEE
- JONG BU IM
- JULIE WON
- JUNGHI KIM
- KAPSON UM
- KAY KIM
- KEVIN KIM
- KOREA FINANCE SOCIETY
- KOREAN AMERICAN ASS'N OF QUEENS
- KOREAN AMERICAN CIVIC EMPOWERRMENT
- KOREAN AMERICAN FAMILY SERVICE CENT
- KOREAN AMERICAN LAWYER ASS'N GREATE
- KOREAN AMERICAN MUTUAL ASSOCIATION
- KOREAN AMERICAN SCIENTISTS ENGINEER
- KOREAN COMMUNITY SERVICE OF METROPO
- KOREAN SEAFOOD ASSOCIATION NY
- MICHAEL YIM
- MINA KIM
- MINKWON CENTER FOR COMMUNITY ACTION
- NY ASS'N OF KOREAN AMERICAN BUSINES
- NY KOREAN AMERICAN LIONS CLUB
- SANG HO LEE
- THE KOREAN SPORTS ASSOCIATION OF NY
Listed only on the later return
- DONGCHEON SEO
- DONGHYUN CHO
- EUNKYUNG KIM
- GEUMSOO HWANG
- HEESOO LEE
- JAEBONG RYU
- JINSU KIM
- KWANG S KIM
- KWANGSOO BAE
- MONICA PARK
- MYUNGHA CHO
- SUNGWON PARK
- TAEKYU PARK
- WONCHUL CHOI
- WONHO KANG
- WONHOON CHO
- YONGCHUL KIM
Totals
- Total revenue
- $438,647
- Total expenses
- $447,734
- Contributions and grants received
- $500,434
- Grants paid
- $0
- Program service revenue
- $20,500
- Investment income
- $0
- Other revenue
- -$82,287
- Total assets, end of year
- $620,027
- Total liabilities, end of year
- $110,417
- Net assets or fund balances, end of year
- $509,610
- Program services expenses (Part IX)
- $174,050
- Management and general expenses
- $52,565
- Fundraising expenses
- $221,119
- Program service expenses (Part III)
- $174,050
Program services were 38.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$425,833
-
1f · All other contributions, gifts and grants
$74,601
-
2a · Program service revenue: PROGRAM SERVICES
total $20,500 · excluded $20,500
-
6a · Gross rents
real property $589,444
-
6b · Less rental expenses
real property $546,697
-
6c · Rental income or loss
real property $42,747
-
6d · Net rental income or loss
total $42,747 · related or exempt $42,747
-
8a · Fundraising events: contributions included on line 1c
$425,833
-
8b · Fundraising events: direct expenses
$135,692
-
8c · Net income from fundraising events
total -$135,692 · excluded -$135,692
-
11a · Other revenue: MISCELLANEOUS INCOME
total $10,658 · excluded $10,658
-
11e · Other revenue, total
$10,658
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $22,572 · program services $22,572
-
10 · Payroll taxes
total $2,734 · program services $2,734
-
11g · Fees: other
total $190,349 · program services $76,815 · management and general $22,939 · fundraising $90,595
-
12 · Advertising and promotion
total $10,114 · management and general $8,014 · fundraising $2,100
-
13 · Office expenses
total $20,179 · program services $11,079 · fundraising $9,100
-
16 · Occupancy
total $119,324 · fundraising $119,324
-
17 · Travel
total $1,296 · management and general $1,296
-
19 · Conferences, conventions and meetings
total $728 · program services $728
-
20 · Interest
total $98 · program services $98
-
22 · Depreciation, depletion and amortization
total $20,629 · program services $313 · management and general $20,316
-
23 · Insurance
total $7,181 · program services $7,181
-
24a · Other expenses: DONATIONS
total $22,450 · program services $22,450
-
24b · Other expenses: UTILITIES
total $15,997 · program services $15,997
-
24c · Other expenses: REPAIRS AND MAINTENANCE
total $7,286 · program services $7,286
-
24d · Other expenses: OFFICE SUPPLIES
total $3,668 · program services $3,668
-
24e · All other expenses
total $3,129 · program services $3,129
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $215,516 · end of year $91,787
-
3 · Pledges and grants receivable
beginning of year $5,118 · end of year $5,180
-
9 · Prepaid expenses and deferred charges
beginning of year $145 · end of year $145
-
10a · Land, buildings and equipment: cost or other basis
$2,140,144
-
10b · Land, buildings and equipment: accumulated depreciation
$1,620,229
-
10c · Land, buildings and equipment, net
beginning of year $532,085 · end of year $519,915
-
14 · Intangible assets
beginning of year $4,705
-
15 · Other assets
beginning of year $3,000 · end of year $3,000
-
17 · Accounts payable and accrued expenses
beginning of year $8,071 · end of year $26,203
-
23 · Secured mortgages and notes payable
beginning of year $149,900
-
25 · Other liabilities
beginning of year $84,214 · end of year $84,214
-
27 · Net assets without donor restrictions
beginning of year $518,384 · end of year $509,610
Mission and programs · 2023
Mission
HELPING SOUTH KOREAN IMMIGRANTS TO SETTLE DOWN IN THE GREATER NEW YORK AREA AS KOREAN-AMERICAN CITIZENS AND PROMOTE ACTIVITIES FOR UNITY AND HEALTHY SOCIAL RELATIONSHIPS.
-
HELPING SOUTH KOREAN IMMIGRANTS TO SETTLE DOWN IN THE GREATER NEW YORK AREA AS KOREAN-AMERICAN CITIZENS AND PROMOTE ACTIVITIES FOR UNITY AND HEALTHY SOCIAL RELATIONSHIPS. KOREAN INDEPENDENCE DAY PARADE OTHER PARADES COVID-19 RELIEF FUND COVID-19 SHARING LOVE
Expenses $174,050
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
KWANG S KIM
PRESIDENT
- Total calculated
- $0
- Hours/week
- 40
-
WONCHUL CHOI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
HEESOO LEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
JAEBONG RYU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
YONGCHUL KIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
WONHOON CHO
DIRECTOR
- Total calculated
- $0
-
GEUMSOO HWANG
DIRECTOR
- Total calculated
- $0
-
EUNKYUNG KIM
DIRECTOR
- Total calculated
- $0
-
TAEKYU PARK
DIRECTOR
- Total calculated
- $0
-
WONHO KANG
DIRECTOR
- Total calculated
- $0
-
SUNGWON PARK
DIRECTOR
- Total calculated
- $0
-
KWANGSOO BAE
DIRECTOR
- Total calculated
- $0
-
DONGHYUN CHO
DIRECTOR
- Total calculated
- $0
-
JINSU KIM
DIRECTOR
- Total calculated
- $0
-
MYUNGHA CHO
DIRECTOR
- Total calculated
- $0
-
DONGCHEON SEO
DIRECTOR
- Total calculated
- $0
-
MONICA PARK
DIRECTOR
- Total calculated
- $0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 11 October 2024
- IRS schema version
- 2023v5.0
- Source object
- 202403069349300440
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.