Nonprofit · EIN 85-2014657
NEW YORK YOUNG ARTS FOUNDATION INC
Tax-exempt · BAYSIDE, NY 11361
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $54,904 | $28,951 | $25,953 | $26,178 | – | $26,178 |
| December 31, 2023 | 990-EZ | $78,919 | $86,446 | -$7,527 | $225 | – | $225 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $54,904
- Program service revenue
- $0
- Investment income
- $0
Expenses
- Compensation of officers, directors and key employees
- $0
- Printing, publications and postage
- $433
- Other expenses
- $28,518
- Program services (functional)
- $25,976
Balance sheet and other
- Total assets, start of year
- $225
- Total assets, end of year
- $26,178
- Total liabilities, end of year
- –
- Net assets, end of year
- $26,178
- Cash, savings and investments
- $26,178
- Gross receipts
- $54,904
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KUNSU KIM | PRESIDENT | 15 | $0 |
| JINWHAN KIM | TREASURER | 2 | $0 |
990-EZ for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KUNSU KIM | PRESIDENT | 15 | $0 |
| JINWHAN KIM | TREASURER | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 35-21 215TH STREET 2F, BAYSIDE, NY 11361-1723
- Signed the 990-EZ
- KUNSU KIM, PRESIDENT
- Phone
- (917) 359-5565
- Return prepared by
- C AND K CONSULTING ASSOCIATES CORP
Mission
To provide young artists in music, visual and performing arts with creative and professional development.
Program accomplishments
- Music performanceExpenses $25,976
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 85-2014657
- 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 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $26,178
- Income (IRS master file)
- $54,904
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $54,904 | $28,951 | $26,178 | XML |
| 990-EZ | December 2023 | $78,919 | $86,446 | $225 | XML |
| 990-EZ | December 2022 | – | – | – | 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 85-2014657).
Questions about NEW YORK YOUNG ARTS FOUNDATION INC
- What is the EIN of NEW YORK YOUNG ARTS FOUNDATION INC?
- The employer identification number (EIN) of NEW YORK YOUNG ARTS FOUNDATION INC is 85-2014657.
- Is NEW YORK YOUNG ARTS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to NEW YORK YOUNG ARTS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW YORK YOUNG ARTS FOUNDATION 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 NEW YORK YOUNG ARTS FOUNDATION 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 NEW YORK YOUNG ARTS FOUNDATION 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 NEW YORK YOUNG ARTS FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does NEW YORK YOUNG ARTS FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $54,904, expenses of $28,951 and total assets of $26,178 at year end.
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All nonprofits in BAYSIDE · New York · Philanthropy, voluntarism and grantmaking foundations