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Nonprofit · EIN 23-7329822

KOREAN AMERICAN ASSOCIATION OF GREATER NEW YORK INC

Tax-exempt · NEW YORK, NY 10011

Financials

$439K$448K2023$602K$640K2024
Revenue Expenses · by fiscal year end
Financials of KOREAN AMERICAN ASSOCIATION OF GREATER NEW YORK INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
April 30, 2025990$602,051$640,372-$38,321$582,100$110,811$471,289
April 30, 2024990 (amended)$438,647$447,734-$9,087$620,027$110,417$509,610
Financial details: 990 for the year ended April 30, 2025

Revenue

Contributions, gifts and grants
$672,883
Program service revenue
$29,000
Investment income
$0
Net rental income
$64,241
Net income from fundraising events
-$169,450
Other revenue
-$99,832

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$63,655
Salaries, compensation and benefits (total)
$70,928
Professional fundraising fees
$0
Legal fees
$40,165
Accounting fees
$8,751
Travel
$2,628
Depreciation
$16,362
Program services (functional)
$503,615
Management and general (functional)
$127,004
Fundraising (functional)
$9,753

Balance sheet and other

Total assets, start of year
$620,027
Total assets, end of year
$582,100
Total liabilities, end of year
$110,811
Net assets, end of year
$471,289
Land, buildings and equipment
$503,553
Net assets without donor restrictions
$471,289
Gross receipts
$1,328,181
Employees
2
Year formed
1972
State of legal domicile
NY

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 for the year ended April 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
KWANG S KIMPRESIDENT
Officer
40$0
KANGWON LEEDIRECTOR
Trustee or director
10$0
WONCHUL CHOIDIRECTOR
Trustee or director
10$0
HEESOO LEEDIRECTOR
Trustee or director
10$0
JAEBONG RYUDIRECTOR
Trustee or director
10$0
YONGCHUL KIMDIRECTOR
Trustee or director
10$0
WONHOON CHODIRECTOR
Trustee or director
0$0
GEUMSOO HWANGDIRECTOR
Trustee or director
0$0
EUNKYUNG KIMDIRECTOR
Trustee or director
0$0
TAEKYU PARKDIRECTOR
Trustee or director
0$0
WONHO KANGDIRECTOR
Trustee or director
0$0
SUNGWON PARKDIRECTOR
Trustee or director
0$0
KWANGSOO BAEDIRECTOR
Trustee or director
0$0
DONGHYUN CHODIRECTOR
Trustee or director
0$0
JINSU KIMDIRECTOR
Trustee or director
0$0
3 more people on this return
NameTitleHours / weekCompensation
MYUNGHA CHODIRECTOR
Trustee or director
0$0
DONGCHEON SEODIRECTOR
Trustee or director
0$0
MONICA PARKDIRECTOR
Trustee or director
0$0
990 for the year ended April 30, 2024: 17 people
NameTitleHours / weekCompensation
KWANG S KIMPRESIDENT
Officer
40$0
WONCHUL CHOIDIRECTOR
Trustee or director
10$0
HEESOO LEEDIRECTOR
Trustee or director
10$0
JAEBONG RYUDIRECTOR
Trustee or director
10$0
YONGCHUL KIMDIRECTOR
Trustee or director
10$0
WONHOON CHODIRECTOR
Trustee or director
–$0
GEUMSOO HWANGDIRECTOR
Trustee or director
–$0
EUNKYUNG KIMDIRECTOR
Trustee or director
–$0
TAEKYU PARKDIRECTOR
Trustee or director
–$0
WONHO KANGDIRECTOR
Trustee or director
–$0
SUNGWON PARKDIRECTOR
Trustee or director
–$0
KWANGSOO BAEDIRECTOR
Trustee or director
–$0
DONGHYUN CHODIRECTOR
Trustee or director
–$0
JINSU KIMDIRECTOR
Trustee or director
–$0
MYUNGHA CHODIRECTOR
Trustee or director
–$0
DONGCHEON SEODIRECTOR
Trustee or director
–$0
MONICA PARKDIRECTOR
Trustee or director
–$0

Address and contacts

Address (IRS master file)
149 W 24TH ST FL 6, NEW YORK, NY 10011-1905
Principal officer (990 for 2024)
MYUNGSUK LEE, 149 WEST 24TH STREET 6TH FL, NEW YORK, NY 10011
Signed the 990
MYUNGSUK LEE, PRESIDENT
Phone
(212) 255-6969
Return prepared by
LEK PARTNERS LLC

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.

990 for the year ended April 30, 2025

Program accomplishments

  • HELPING SOUTH KOREAN IMMIGRANTS TO SETTLE DOWN IN THE GREATER NEW YORK AREA AS KOREA-AMERICAN CITIZENS AND PROMOTE ACTIVITIES FOR UNITY AND HEALTHY SOCIAL RELATIONSHIPS. KOREAN INDEPENDENCE DAY PARADE OTHER PARADES KOREAN LANGUAGE PROGRAM
    Expenses $503,615

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 April, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025April 30, 2026September 15, 2026Not on file
2024April 30, 2025September 15, 2025990 on file
2023April 30, 2024September 16, 2024990 on file

IRS record

EIN
23-7329822
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
1983
Accounting year ends
April
Files
Form 990 or 990-EZ
Assets (IRS master file)
$582,100
Income (IRS master file)
$1,328,181

Filing history

FormYear endedRevenueExpensesAssetsReturn
990April 2025$602,051$640,372$582,100XML
990April 2024$438,647$447,421$620,027XML
990April 2023$469,352$673,949$760,569IRS
990-TApril 2023–––IRS
990April 2022$873,620$950,881$1,049,161IRS
990-TApril 2022–––IRS
990April 2021–––IRS
990-TApril 2021–––IRS
990April 2020–––IRS
990April 2019–––IRS
990April 2018–––IRS

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 23-7329822).

Questions about KOREAN AMERICAN ASSOCIATION OF GREATER NEW YORK INC

What is the EIN of KOREAN AMERICAN ASSOCIATION OF GREATER NEW YORK INC?
The employer identification number (EIN) of KOREAN AMERICAN ASSOCIATION OF GREATER NEW YORK INC is 23-7329822.
Is KOREAN AMERICAN ASSOCIATION OF GREATER NEW YORK INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
Are donations to KOREAN AMERICAN ASSOCIATION OF GREATER NEW YORK INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does KOREAN AMERICAN ASSOCIATION OF GREATER NEW YORK 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 KOREAN AMERICAN ASSOCIATION OF GREATER NEW YORK INC due?
The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did KOREAN AMERICAN ASSOCIATION OF GREATER NEW YORK INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended April 2025.
Who is the principal officer of KOREAN AMERICAN ASSOCIATION OF GREATER NEW YORK INC?
The 990 for the year ended April 30, 2025 names MYUNGSUK LEE.
Who are the officers and directors of KOREAN AMERICAN ASSOCIATION OF GREATER NEW YORK INC?
The 990 for the year ended April 30, 2025 lists 18 people; 0 received compensation from the organization.
How much revenue does KOREAN AMERICAN ASSOCIATION OF GREATER NEW YORK INC have?
On its 990 for the year ended April 30, 2025 it reported revenue of $602,051, expenses of $640,372 and total assets of $582,100 at year end.

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