Nonprofit · EIN 80-0030895
KOREAN-AMERICAN YOUTH ASSISTANCE COALITION INC
Tax-exempt · HACKENSACK, NJ 07601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $292,807 | $267,838 | $24,969 | $550,895 | $0 | $550,895 |
| December 31, 2023 | 990 | $386,702 | $358,559 | $28,143 | $525,926 | $0 | $525,926 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $116,778
- Membership dues
- $15,000
- Program service revenue
- $154,800
- Investment income
- $21,229
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,500
- Occupancy
- $3,712
- Program services (functional)
- $240,763
- Management and general (functional)
- $27,075
Balance sheet and other
- Total assets, start of year
- $525,926
- Total assets, end of year
- $550,895
- Total liabilities, end of year
- $0
- Net assets, end of year
- $550,895
- Publicly traded securities
- $442,692
- Net assets without donor restrictions
- $550,895
- Gross receipts
- $292,807
- Employees
- 0
- Volunteers
- 59
- Year formed
- 2002
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SANG LEE | PRESIDENT Officer | – | $0 |
| DAVID CHOE | CHAIRMAN OF Officer | – | $0 |
| HYO JUNG KIM | TREASURER Officer | – | $0 |
| JONG KU PARK | AUDITOR Officer | – | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALEXANDER CHO | PRESIDENT Officer | – | $0 |
| DAVID CHOE | VICE PRESIDE Officer | – | $0 |
| HYO JUNG KIM | TREASURER Officer | – | $0 |
| KEVIN LEE | CHAIRMAN OF Officer | – | $0 |
| JONG KU PARK | AUDITOR Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 2 UNIVERSITY PLZ STE 100 PMB 5399, HACKENSACK, NJ 07601-6210
- Principal officer (990 for 2024)
- SANG LEE
- Signed the 990
- SANG LEE, PRESIDENT
- Phone
- (212) 947-0477
- Website
- WWW.KAYACNY.ORG
- Return prepared by
- SEIL LLP
Mission
TO HELP KOREAN-AMERICAN STUDENTS RECOGNIZE THEIR ROOTS, AND TO EDUCATE THEM TO BE LEADERS OF THE WORLD.
Program accomplishments
- TO PROVIDE THE STUDENTS AN OPPORTUNITY TO VISIT AND LEARN ABOUT THEIR ROOTS IN KOREA.Expenses $240,763
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 80-0030895
- 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
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q21)
- Assets (IRS master file)
- $550,895
- Income (IRS master file)
- $292,807
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $292,807 | $267,838 | $550,895 | XML |
| 990 | December 2023 | $386,702 | $358,559 | $525,926 | XML |
| 990 | December 2022 | $210,994 | $241,467 | $497,783 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | 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 80-0030895).
Questions about KOREAN-AMERICAN YOUTH ASSISTANCE COALITION INC
- What is the EIN of KOREAN-AMERICAN YOUTH ASSISTANCE COALITION INC?
- The employer identification number (EIN) of KOREAN-AMERICAN YOUTH ASSISTANCE COALITION INC is 80-0030895.
- Is KOREAN-AMERICAN YOUTH ASSISTANCE COALITION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to KOREAN-AMERICAN YOUTH ASSISTANCE COALITION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KOREAN-AMERICAN YOUTH ASSISTANCE COALITION 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 YOUTH ASSISTANCE COALITION 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 KOREAN-AMERICAN YOUTH ASSISTANCE COALITION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of KOREAN-AMERICAN YOUTH ASSISTANCE COALITION INC?
- The 990 for the year ended December 31, 2024 names SANG LEE.
- Who are the officers and directors of KOREAN-AMERICAN YOUTH ASSISTANCE COALITION INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does KOREAN-AMERICAN YOUTH ASSISTANCE COALITION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $292,807, expenses of $267,838 and total assets of $550,895 at year end.
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