Nonprofit · EIN 85-2419590
GALA ART CENTER INC
Tax-exempt · COLLEGE POINT, NY 11356
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $19,283 | $36,590 | -$17,307 | $5,370 | – | $5,370 |
| December 31, 2023 | 990-EZ | $58,906 | $39,341 | $19,565 | $22,677 | – | $22,677 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $19,283
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $800
- Printing, publications and postage
- $1,832
- Other expenses
- $33,958
- Program services (functional)
- $32,454
Balance sheet and other
- Total assets, start of year
- $22,677
- Total assets, end of year
- $5,370
- Total liabilities, end of year
- –
- Net assets, end of year
- $5,370
- Cash, savings and investments
- $5,370
- Gross receipts
- $19,283
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 |
|---|---|---|---|
| JAEMIN JANG | PRESIDENT | 0 | $0 |
| MYOUNG KYONG | BOARD OF DIR | 0 | $0 |
| GINA JANG | BOARD OF DIR | 0 | $0 |
| JONGHYUN JO | BOARD OF DIR | 0 | $0 |
| HYONJONG KIM | BOARD OF DIR | 0 | $0 |
| SOO S SHIM | BOARD OF DIR | 0 | $0 |
990-EZ for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAEMIN JANG | PRESIDENT | 0 | $0 |
| MYOUNG KYONG | BOARD OF DIR | 0 | $0 |
| GINA JANG | BOARD OF DIR | 0 | $0 |
| JONGHYUN JO | BOARD OF DIR | 0 | $0 |
| HYONJONG KIM | BOARD OF DIR | 0 | $0 |
| SOO S SHIM | BOARD OF DIR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1508 121ST ST, COLLEGE POINT, NY 11356-2131
- Mailing address (990-N for 2022)
- 15-08 121ST STREET, COLLEGE POINT NY 11356
- Principal officer (990-N for 2022)
- JAEMIN JANG, 15-08 121ST STREET, COLLEGE POINT NY 11356
- Signed the 990-EZ
- JAEMIN JANG, PRESIDENT
- Phone
- (347) 495-8989
- Return prepared by
- KANHO JUNG CPA PLLC
Mission
THE GALA ART CENTER INC. ("THE ORGANIZATION")AIMS TO SUPPORT THE CREATIVE, PERSONAL, AND PROFESSIONAL DEVELOPMENT OF ARTISTS BY PROVIDING THE SPACE AND TOOLS NECESSARY TO DISPLAY AND CREATE ART. FURTHERMORE, THE ORGANIZATION HOPES TO FACILITATE ENGAGEMENT IN ARTISTIC DISCOURSE, INCREASING THE GENERAL PUBLIC'S APPRECIATION FOR ART AND ENCOURAGING CREATIVITY IN PEOPLE'S EVERYDAY LIVES.
Program accomplishments
- THE GALA ART CENTER INC. WILL HOST EXHIBITIONS, WORKSHOPS, AND SEMINARS AS WELL AS PROVIDE ART CLASSES AND MENTORING PROGRAMS TO SUPPORT ARTISTS' GROWTH.Expenses $32,454
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 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
- 85-2419590
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Arts, culture and humanities (A20)
- Assets (IRS master file)
- $5,370
- Income (IRS master file)
- $19,283
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $19,283 | $36,590 | $5,370 | XML |
| 990-EZ | December 2023 | $58,906 | $39,341 | $22,677 | XML |
| 990-N for 2022 Officer: JAEMIN JANG | December 31, 2022 | ≤ $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 85-2419590).
Questions about GALA ART CENTER INC
- What is the EIN of GALA ART CENTER INC?
- The employer identification number (EIN) of GALA ART CENTER INC is 85-2419590.
- Is GALA ART CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to GALA ART CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GALA ART CENTER INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of GALA ART CENTER 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 GALA ART CENTER 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 is the principal officer of GALA ART CENTER INC?
- The 990-N for 2022 names JAEMIN JANG.
- Who are the officers and directors of GALA ART CENTER INC?
- The 990-EZ for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does GALA ART CENTER INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $19,283, expenses of $36,590 and total assets of $5,370 at year end.
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