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Nonprofit · EIN 82-4650046

SAKKS INC

Tax-exempt · OLNEY, MD 20832

Financials

$76K$69K2023$92K$78K2024
Revenue Expenses · by fiscal year end
Financials of SAKKS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$92,379$77,609$14,770$161,242–$161,242
December 31, 2023990-EZ$75,516$69,214$6,302$146,473–$146,473
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$31,203
Program service revenue
$61,176

Expenses

Compensation of officers, directors and key employees
$8,280
Salaries, compensation and benefits (total)
$50,335
Professional fees and payments to contractors
$850
Printing, publications and postage
$67
Other expenses
$26,357
Program services (functional)
$61,712

Balance sheet and other

Total assets, start of year
$146,472
Total assets, end of year
$161,242
Total liabilities, end of year
–
Net assets, end of year
$161,242
Cash, savings and investments
$161,242
Gross receipts
$92,379

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
IRENE JOUNGPRESIDENT3$8,280
ILCHUL YOONBOARD OF TRU0$0
SUNHEE KIMBOARD OF TRU0$0
HANGKYO LIMBOARD OF TRU0$0
SUNHEE CHOIBOARD OF TRU0$0
REV MATTHEW MOON SEONG PARKBOARD OF TRU0$0
990-EZ for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
IRENE JOUNGPRESIDENT3$8,280
ILCHUL YOONBOARD OF TRU0$0
SUNHEE KIMBOARD OF TRU0$0
HANGKYO LIMBOARD OF TRU0$0
SUNHEE CHOIBOARD OF TRU0$0
REV MATTHEW MOON SEONG PARKBOARD OF TRU0$0

Address and contacts

Address (IRS master file)
17615 OLD BALTIMORE RD, OLNEY, MD 20832-2504
Signed the 990-EZ
IRENE JOUNG, PRESIDENT
Return prepared by
AK & ASSOCIATES PA

Mission

TO PROMOTE EDUCATION AND RELATED CULTURAL ACTIVITIES

990-EZ for the year ended December 31, 2024

Program accomplishments

  • WE OFFERED WEEKEND KOREAN LANGUAGE PROGRAMS TO THE CHILDREN OF IMMIGRANT FAMILY FROM KOREA AND ADULTS INTERESTED IN LEARNING KOREAN LANGUAGE. CLASSES MET FOR 15 WEEKS IN EACH SPRING AND FALL SEMESTER. STUDENTS WERE ENROLLED IN 12 DIFFERENT CLASSES DEPENDING ON THEIR AGES AND LEVELS. IN THE CLASS, THEY WERE TAUGHT KOREAN, KOREAN CULTURE AND HISTORY BY VOLUNTEER TEACHERS. DURING THE ACADEMIC YEAR OF 2024, APPROXIMATELY 125 STUDENTS WERE REGISTERED IN EACH SEMESTER.
    Expenses $61,712

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

File the 2025 990-EZ for SAKKS INC

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
82-4650046
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
2019
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$161,242
Income (IRS master file)
$92,379

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$92,379$77,609$161,242XML
990-EZDecember 2023$75,516$69,214$146,473XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––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 82-4650046).

Questions about SAKKS INC

What is the EIN of SAKKS INC?
The employer identification number (EIN) of SAKKS INC is 82-4650046.
Is SAKKS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
Are donations to SAKKS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SAKKS 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 SAKKS 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 SAKKS INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who are the officers and directors of SAKKS INC?
The 990-EZ for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $8,280 (IRENE JOUNG, PRESIDENT).
How much revenue does SAKKS INC have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $92,379, expenses of $77,609 and total assets of $161,242 at year end.

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