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Nonprofit · EIN 35-2646971

BOSTON OKTA KOREAN BUSINESS ASSOCIATION INC

Tax-exempt · CAMBRIDGE, MA 02138

Financials

$2K$2K2022$17K$10K2023
Revenue Expenses · by fiscal year end
Financials of BOSTON OKTA KOREAN BUSINESS ASSOCIATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990-EZ$17,300$9,740$7,560$11,837–$11,837
December 31, 2022990-EZ$1,880$1,917-$37$4,757–$4,757
Financial details: 990-EZ for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$15,520
Membership dues
$1,780
Program service revenue
$0
Investment income
$0

Expenses

Compensation of officers, directors and key employees
$0
Other expenses
$9,740

Balance sheet and other

Total assets, start of year
$4,757
Total assets, end of year
$11,837
Total liabilities, end of year
–
Net assets, end of year
$11,837
Cash, savings and investments
$11,837
Gross receipts
$17,300

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, 2023, highest compensation first.

NameTitleHours / weekCompensation
JIN JANGPRESIDENT5$0
NA YOONTREASURER5$0
HOON HEOCLERK5$0
WON RADIRECTOR5$0
KYUNG-SHICK CHOIDIRECTOR5$0
LINDA CHAMPIONDIRECTOR5$0
MICHAEL LEEDIRECTOR5$0
990-EZ for the year ended December 31, 2022: 7 people
NameTitleHours / weekCompensation
JIN JANGPRESIDENT5$0
NA YOONTREASURER5$0
HOON HEOCLERK5$0
WON RADIRECTOR5$0
KYUNG-SHICK CHOIDIRECTOR5$0
LINDA CHAMPIONDIRECTOR5$0
MICHAEL LEEDIRECTOR5$0

Address and contacts

Address (IRS master file)
30 JFK ST STE 3, CAMBRIDGE, MA 02138-4962
In care of
% JIN JANG
Mailing address (990-N for 2021)
30 JFK ST 3RD FLOOR, CAMBRIDGE MA 02138
Principal officer (990-N for 2021)
JIN-SEOP JANG, 301 CHANNING ROAD, BELMONT MA 02478
Signed the 990-EZ
HOON HEO, PRESIDENT
Phone
(413) 204-9569
Return prepared by
BOSTON TAX INTERNATIONAL INC

Mission

THIS ASSOCIATION CONTRIBUTES TO THE BUSINESS DEVELOPMENT OF MEMBERS THROU GH INFORMATION EXCHANGE AND NETWORKING WITHIN THE NEW ENGLAND AREA AND WITH WORLD FEDERATION OF OVERSEAS KOREAN TRADERS ASSOCIATION.

990-EZ for the year ended December 31, 2023

Program accomplishments

  • AND WITH WORLD FEDERATION OF OVERSEAS KOREAN TRADERS ASSOCIATION.THROU GH INFORMATION EXCHANGE AND NETWORKING WITHIN THE NEW ENGLAND AREAAND WITH WORLD FEDERATION OF OVERSEAS KOREAN TRADERS ASSOCIATION.

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
35-2646971
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2022
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$11,837
Income (IRS master file)
$17,300

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2023$17,300$9,740$11,837XML
990-EZDecember 2022$1,880$1,917$4,757XML
990-N for 2021
Officer: JIN-SEOP JANG
December 31, 2021≤ $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 35-2646971).

Questions about BOSTON OKTA KOREAN BUSINESS ASSOCIATION INC

What is the EIN of BOSTON OKTA KOREAN BUSINESS ASSOCIATION INC?
The employer identification number (EIN) of BOSTON OKTA KOREAN BUSINESS ASSOCIATION INC is 35-2646971.
Is BOSTON OKTA KOREAN BUSINESS ASSOCIATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to BOSTON OKTA KOREAN BUSINESS ASSOCIATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BOSTON OKTA KOREAN BUSINESS ASSOCIATION INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of BOSTON OKTA KOREAN BUSINESS ASSOCIATION 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 BOSTON OKTA KOREAN BUSINESS ASSOCIATION INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2023.
Who is the principal officer of BOSTON OKTA KOREAN BUSINESS ASSOCIATION INC?
The 990-N for 2021 names JIN-SEOP JANG.
Who are the officers and directors of BOSTON OKTA KOREAN BUSINESS ASSOCIATION INC?
The 990-EZ for the year ended December 31, 2023 lists 7 people; 0 received compensation from the organization.
How much revenue does BOSTON OKTA KOREAN BUSINESS ASSOCIATION INC have?
On its 990-EZ for the year ended December 31, 2023 it reported revenue of $17,300, expenses of $9,740 and total assets of $11,837 at year end.

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