Nonprofit · EIN 46-1096682
KASBP INC
Tax-exempt · FORT LEE, NJ 07024
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $360,818 | $405,204 | -$44,386 | $274,268 | $0 | $274,268 |
| June 30, 2024 | 990 | $489,409 | $537,941 | -$48,532 | $318,654 | $0 | $318,654 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $360,818
- Membership dues
- $23,628
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $58,800
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $6,300
- Program services (functional)
- $388,993
- Management and general (functional)
- $16,211
Balance sheet and other
- Total assets, start of year
- $318,654
- Total assets, end of year
- $274,268
- Total liabilities, end of year
- $0
- Net assets, end of year
- $274,268
- Net assets without donor restrictions
- $274,268
- Gross receipts
- $360,818
- Employees
- 0
- Year formed
- 2012
- State of legal domicile
- NJ
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SEUNGWON CHUNG | PRESIDENT Trustee or director, Officer | 2 | $0 |
| MIN-KYU CHO | SECRETARY Trustee or director, Officer | 2 | $0 |
| SEUNG WOOK CHUNG | DIRECTOR Trustee or director | 2 | $0 |
| DOOYOUNG LEE | DIRECTOR Trustee or director | 2 | $0 |
| OH KYU YOON | DIRECTOR Trustee or director | 2 | $0 |
| SUNGYONG HWANG | DIRECTOR Trustee or director | 2 | $0 |
| CHEOL K CHUNG | DIRECTOR Trustee or director | 2 | $0 |
| HYUNGWOOK LIM | DIRECTOR Trustee or director | 2 | $0 |
| JINSOO LIM | DIRECTOR Trustee or director | 2 | $0 |
| SEUNGKYU LEE | DIRECTOR Trustee or director | 2 | $0 |
| IN-HYUN PARK | DIRECTOR Trustee or director | 2 | $0 |
| HYUNKYUNG JUNG | TREASURER Trustee or director, Officer | 2 | $0 |
| SEUNGHUN PARK | DIRECTOR Trustee or director | 2 | $0 |
| JINA HA | DIRECTOR Trustee or director | 2 | $0 |
| HYELIM KIM | DIRECTOR Trustee or director | 2 | $0 |
16 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HYUNGJIN YUN | DIRECTOR Trustee or director | 2 | $0 |
| YANG LEE | DIRECTOR Trustee or director | 2 | $0 |
| SUNGTAE KIM | DIRECTOR Trustee or director | 2 | $0 |
| JAEMIN CHO | DIRECTOR Trustee or director | 2 | $0 |
| GRACE HO-YOUNG LEE | DIRECTOR Trustee or director | 2 | $0 |
| JAMIE JI YOUNG PARK | DIRECTOR Trustee or director | 2 | $0 |
| DAEHO LEE | DIRECTOR Trustee or director | 2 | $0 |
| JIWHAN PARK | DIRECTOR Trustee or director | 2 | $0 |
| YOONJI BAEK | DIRECTOR Trustee or director | 2 | $0 |
| GRACE LEE | DIRECTOR Trustee or director | 2 | $0 |
| HYUNGJIN YUN | DIRECTOR Trustee or director | 2 | $0 |
| SEUNGHUN PARK | DIRECTOR Trustee or director | 2 | $0 |
| SUNGKI KIM | DIRECTOR Trustee or director | 2 | $0 |
| SANGWON LEE | DIRECTOR Trustee or director | 2 | $0 |
| YOONSEOK SEO | DIRECTOR Trustee or director | 2 | $0 |
| HYUNG JIN JUNG | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 25 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| IK-HYEON PAIK | PRESIDENT Trustee or director, Officer | 2 | $0 |
| KERN CHANG | SECRETARY Trustee or director, Officer | 2 | $0 |
| SUNG-YONG HWANG | DIRECTOR Trustee or director | 2 | $0 |
| DOOYOUNG LEE | DIRECTOR Trustee or director | 2 | $0 |
| CHEOL K CHUNG | DIRECTOR Trustee or director | 2 | $0 |
| CLAIRE JEONG | DIRECTOR Trustee or director | 2 | $0 |
| HYUNGWOOK LIM | DIRECTOR Trustee or director | 2 | $0 |
| JINSOO LIM | DIRECTOR Trustee or director | 2 | $0 |
| SEUNGKYU LEE | DIRECTOR Trustee or director | 2 | $0 |
| JINA HA | DIRECTOR Trustee or director | 2 | $0 |
| IN-HYUN PARK | DIRECTOR Trustee or director | 2 | $0 |
| HYUNKYUNG JUNG | TREASURER Trustee or director, Officer | 2 | $0 |
| JEONGHOON CHOI | DIRECTOR Trustee or director | 2 | $0 |
| YANG LEE | DIRECTOR Trustee or director | 2 | $0 |
| JAMIE JI YOUNG PARK | DIRECTOR Trustee or director | 2 | $0 |
| DOOYOUNG LEE | DIRECTOR Trustee or director | 2 | $0 |
| DAEHO LEE | DIRECTOR Trustee or director | 2 | $0 |
| JIHWAN PARK | DIRECTOR Trustee or director | 2 | $0 |
| HYELIM KIM | DIRECTOR Trustee or director | 2 | $0 |
| JOOYOUNG LEE | DIRECTOR Trustee or director | 2 | $0 |
| HYUNGJIN YUN | DIRECTOR Trustee or director | 2 | $0 |
| SUNGKI KIM | DIRECTOR Trustee or director | 2 | $0 |
| JEEMIN YOO | DIRECTOR Trustee or director | 2 | $0 |
| JINSOO PARK | DIRECTOR Trustee or director | 2 | $0 |
| HYUN JIN JUNG | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 100 OLD PALISADE RD SUITE CU2, FORT LEE, NJ 07024-7064
- Principal officer (990 for 2024)
- HYUNKYUNG JUNG, 100 OLD PALISADE RD SUITE CU2, FORT LEE, NJ 07024
- Signed the 990
- HYUNKYUNG JUNG, TREASURER
- Phone
- (732) 609-6101
- Website
- www.kasbp.org
- Return prepared by
- J W PARK CPA PC
Mission
TO PROMOTE PROFESSIONAL CONTACT AND FELLOWSHIPS AMONG KOREAN AMERICAN PROFESSIONALS IN ACADEMIA AND BIOTECH AND PHARMACEUTICAL INDUSTRIES.
Program accomplishments
- HOST SYMPHOSIUMS AT WHICH MEMBERS DISCUSS VARIOUS ISSUES RELATED WITH THE BIOTECH AND PHARMACEUTICAL INDUSTRIES AND PROFESSIONAL CONTACTSExpenses $330,193
- FELLOWSHIPS/SCHOLARSHIPS TO BIOTECH AND PHARMACEUTICAL TALENTSExpenses $58,800
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 46-1096682
- 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
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N11)
- Assets (IRS master file)
- $274,268
- Income (IRS master file)
- $360,818
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $360,818 | $405,204 | $274,268 | XML |
| 990 | June 2024 | $489,409 | $537,941 | $318,654 | XML |
| 990 | June 2023 | $277,005 | $344,087 | $367,186 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 46-1096682).
Questions about KASBP INC
- What is the EIN of KASBP INC?
- The employer identification number (EIN) of KASBP INC is 46-1096682.
- Is KASBP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to KASBP INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KASBP 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 KASBP INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KASBP INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of KASBP INC?
- The 990 for the year ended June 30, 2025 names HYUNKYUNG JUNG.
- Who are the officers and directors of KASBP INC?
- The 990 for the year ended June 30, 2025 lists 31 people; 0 received compensation from the organization.
- How much revenue does KASBP INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $360,818, expenses of $405,204 and total assets of $274,268 at year end.
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