Nonprofit · EIN 26-1078933
PRAISE KOREAN CULTURAL COMMUNITY CENTER
Tax-exempt · SOMERSET, NJ 08873
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $147,315 | $163,509 | -$16,194 | $9,663 | – | $9,663 |
| December 31, 2024 | 990-EZ | $146,146 | $147,297 | -$1,151 | $25,857 | – | $25,857 |
| December 31, 2023 | 990-EZ | $132,480 | $146,189 | -$13,709 | $27,008 | – | $27,008 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $61,400
- Program service revenue
- $76,125
- Net income from fundraising events
- $9,790
Expenses
- Compensation of officers, directors and key employees
- $7,540
- Salaries, compensation and benefits (total)
- $75,285
- Other expenses
- $88,224
- Program services (functional)
- $163,509
Balance sheet and other
- Total assets, start of year
- $25,857
- Total assets, end of year
- $9,663
- Total liabilities, end of year
- –
- Net assets, end of year
- $9,663
- Cash, savings and investments
- $9,663
- Gross receipts
- $189,148
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUNG OK KO | PRESIDENT | 0 | $4,030 |
| SANGHOON LEE | TREASURER/SE | 0 | $3,510 |
| JIMMY LEE | CHAIRMAN | 0 | $0 |
990-EZ for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SANGHOON LEE | TREASURER/SE | 0 | $4,160 |
| SUNG OK KO | PRESIDENT | 0 | $3,770 |
| JIMMY LEE | CHAIRMAN | 0 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SANGHOON LEE | TREASURER/SE | 0 | $4,290 |
| SUNG OK KO | PRESIDENT | 0 | $3,860 |
| JIMMY LEE | CHAIRMAN | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 15 CEDAR GROVE LN, SOMERSET, NJ 08873-1377
- In care of
- % MYUNGHEE CHO PAIK
- Signed the 990-EZ
- SUNG OK KO, PRESIDENT
- Phone
- (732) 805-4050
- Return prepared by
- LHK CPAS LLC
Mission
THE PRAISE KOREAN CULTURAL COMMUNITY CENTER (HEREINAFTER, "PKCCC") WAS ESTABLISHED TO SUPPORT OUR COMMUNITY'S EDUCATIONAL NEEDS IN KOREAN LANGUAGE AND CULTURE SPECIFICALLY TARGETING 2ND GENERATION KOREAN-AMERICANS AND LOCAL NON-KOREAN NATIVES.
Program accomplishments
- IN TEACHING THE KOREAN LANGUAGE, WE OFFER CURRICULUM TO IMPROVE READING AND WRITING SKILLS. THIS IS REINFORCED BY SPEAKING ONLY KOREAN IN OUR SCHOOL EVEN DURING NON-CLASS HOURS. TO PROMOTE THE EDUCATION OF KOREAN CULTURE, WE OFFER CLASSES INCLUDING BUT NOT LIMITED TO ETIQUETTE, GARDENING, TAEKWONDO, BAKING, COOKING, TRADITIONAL ART AND TRADITIONAL DANCE. WE REGULARLY HOST EVENTS OPEN TO THE PUBLIC SUCH AS OUR "KOREAN NATIONAL FOLK DAY" WHERE STUDENTS CAN COMPETE AND PRESENT THEIR LEARNED SKILLS IN RELATION TO KOREAN LANGUAGE AND CULTURE INCLUDING BUT NOT LIMITED TO STORY -TELLING, STORY-WRITING, DRAWING, TAEKWONDO.Expenses $88,224
- SALARIES WERE PAID TO THE TEACHERS WHO REGULARILY TEACH CLASSES OFFERED BY THE ORGANIZATION.Expenses $75,285
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 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 26-1078933
- 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
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $9,663
- Income (IRS master file)
- $189,148
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $147,315 | $163,509 | $9,663 | IRS |
| 990-EZ | December 2024 | $146,146 | $147,297 | $25,857 | IRS |
| 990-EZ | December 2023 | $132,480 | $146,189 | $27,008 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 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 26-1078933).
Questions about PRAISE KOREAN CULTURAL COMMUNITY CENTER
- What is the EIN of PRAISE KOREAN CULTURAL COMMUNITY CENTER?
- The employer identification number (EIN) of PRAISE KOREAN CULTURAL COMMUNITY CENTER is 26-1078933.
- Is PRAISE KOREAN CULTURAL COMMUNITY CENTER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to PRAISE KOREAN CULTURAL COMMUNITY CENTER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PRAISE KOREAN CULTURAL COMMUNITY CENTER 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 PRAISE KOREAN CULTURAL COMMUNITY CENTER due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PRAISE KOREAN CULTURAL COMMUNITY CENTER last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of PRAISE KOREAN CULTURAL COMMUNITY CENTER?
- The 990-EZ for the year ended December 31, 2025 lists 3 people; 2 received compensation from the organization, the highest $4,030 (SUNG OK KO, PRESIDENT).
- How much revenue does PRAISE KOREAN CULTURAL COMMUNITY CENTER have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $147,315, expenses of $163,509 and total assets of $9,663 at year end.
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