Nonprofit · EIN 13-3255396
KOREA MUSIC FOUNDATION INC
Tax-exempt · NYACK, NY 10960
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $153,747 | $140,666 | $13,081 | $65,842 | – | $65,842 |
| December 31, 2023 | 990 | $132,970 | $89,294 | $43,676 | $52,761 | $0 | $52,761 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $153,747
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $134,370
- Other expenses
- $6,296
- Program services (functional)
- $137,236
Balance sheet and other
- Total assets, start of year
- $52,761
- Total assets, end of year
- $65,842
- Total liabilities, end of year
- –
- Net assets, end of year
- $65,842
- Cash, savings and investments
- $65,842
- Gross receipts
- $153,747
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KYUNG HEE KIM | PRESIDENT | 0 | $0 |
| TAEJA KIM | EXECUTIVE BO | 0 | $0 |
| SUNGHEE CHO | TREASURER | 0 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KYUNG HEE KIM | PRESIDENT Trustee or director, Officer | 3 | $3,000 |
| SUNG AH JUNG | SECRETARY Trustee or director, Officer | – | $600 |
| TAEJA KIM | DIRECTOR Trustee or director, Officer | – | $0 |
| SUNG HEE CHO KO | TREASURER Trustee or director, Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 50 VILLAGE GATE WAY, NYACK, NY 10960-1441
- In care of
- % KYUNG HEE KIM
- Mailing address (990-N for 2022)
- 50 Village Gate Way, Nyack NY 10960
- Principal officer (990-N for 2022)
- Kyung Kim, 50 Village Gate Way, Nyack NY 10960
- Signed the 990-EZ
- KYUNG HEE KIM, PRESIDENT
- Phone
- (201) 704-5800
- Return prepared by
- MINYONG SONG CPA PC
Mission
TO STIMULATE PUBLIC INTEREST IN GOOD MUSIC, TO OFFER AN OPPORTUNITY TO THOSE INTERESTED IN MUSIC TO PERFORM MUSICAL COMPOSITIONS OF MERIT
Program accomplishments
- TO STIMULATE PUBLIC INTEREST IN GOOD MUSIC, TO OFFER AN OPPORTUNITY TO THOSE INTERESTED IN MUSIC TO PERFORM MUSICAL COMPOSITIONS OF MERITExpenses $137,236
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-3255396
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A68)
- Assets (IRS master file)
- $65,842
- Income (IRS master file)
- $153,747
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $153,747 | $140,666 | $65,842 | XML |
| 990 | December 2023 | $132,970 | $89,294 | $52,761 | XML |
| 990-N for 2022 Officer: Kyung Kim | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Kyung Hee Kim | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Kyung Hee Kim | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3255396).
Questions about KOREA MUSIC FOUNDATION INC
- What is the EIN of KOREA MUSIC FOUNDATION INC?
- The employer identification number (EIN) of KOREA MUSIC FOUNDATION INC is 13-3255396.
- Is KOREA MUSIC FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to KOREA MUSIC FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KOREA MUSIC FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KOREA MUSIC FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KOREA MUSIC FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of KOREA MUSIC FOUNDATION INC?
- The 990-N for 2022 names Kyung Kim.
- Who are the officers and directors of KOREA MUSIC FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does KOREA MUSIC FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $153,747, expenses of $140,666 and total assets of $65,842 at year end.
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