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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 86-2658773

SINGSING SILVER ACADEMY

Tax-exempt · NILES, IL 60714

Financials

$2K$128K2023$60K$399K2024
Revenue Expenses · by fiscal year end
Financials of SINGSING SILVER ACADEMY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$59,719$398,603-$338,884$74,661$441,393-$366,732
December 31, 2023990$2,080$127,915-$125,835$52,807$94,411-$41,604
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$59,719
of which government grants
$59,719
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$221,523
Salaries, compensation and benefits (total)
$238,443
Professional fundraising fees
$0
Accounting fees
$3,100
Depreciation
$17,216
Program services (functional)
$50,689
Management and general (functional)
$347,914

Balance sheet and other

Total assets, start of year
$52,807
Total assets, end of year
$74,661
Total liabilities, end of year
$441,393
Net assets, end of year
-$366,732
Land, buildings and equipment
$28,037
Net assets without donor restrictions
-$366,732
Gross receipts
$59,719
Employees
14

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.

NameTitleHours / weekCompensation
MYUNG CHIL CHOITRUSTEE
Trustee or director
–$0
KYU YUL CHUNGTRUSTEE
Trustee or director
–$0
KAREN S HWANGTRUSTEE
Trustee or director
–$0
YOUNG SUK LEETRUSTEE
Trustee or director
–$0
SOON YEOUL PARKADM DIRECTOR
Trustee or director
–$0
JAE O YOOPRGM DIRECTO
Trustee or director
–$0
JIN LEEASST. CEO
Officer
–$0
YUN CHUNG LYUPRESIDENT
Officer
–$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
MYUNG CHIL CHOITRUSTEE
Trustee or director
–$0
KYU YUL CHUNGTRUSTEE
Trustee or director
–$0
KAREN S HWANGTRUSTEE
Trustee or director
–$0
YOUNG SUK LEETRUSTEE
Trustee or director
–$0
SOON YEOUL PARKADM DIRECTOR
Trustee or director
–$0
JAE O YOOPRGM DIRECTO
Trustee or director
–$0
JIN LEEASST. CEO
Officer
–$0
YUN CHUNG LYUPRESIDENT
Officer
–$0

Address and contacts

Address (IRS master file)
8257 W HARRISON ST, NILES, IL 60714-1005
Principal officer (990 for 2024)
YUN CHUNG LYU, 1327 E WASHINGTON ST UNIT 606, DES PLAINES, IL 60016
Signed the 990
YUN CHUNG LYU, PRESIDENT
Phone
(224) 619-9106
Return prepared by
PNJK PARTNERS LLP

Mission

THE OVERALL MISSION OF SINGSING SILVER ACADEMY (SSSA) IS TO BOOST THE SPIRITS OF SENIORS - LONELINESS AND THE MENTAL CHALLENGES THAT COMES WITH IT IMPACT THE LIVES OF MANY KOREAN IMMIGRANTS. - AND TO HELP THEM TO ADJUST TO LIFE IN THE U.S. SSSA'S MOTTO IS "SERVE AND BE SERVED". WE BELIEVE THAT THE PROGRAM IS A GOOD EXAMPLE OF SENIORS SERVING OTHER SENIORS IN NEED. THE VOLUNTEERS AND INSTRUCTORS ARE MOSTLY SENIORS WHO ARE HELPING OTHER SENIORS IN NEED, AND THE PROGRAM EMPHASIZES COMMUNITY SERVICE ACTIVITIES FOR THE PARTICIPANTS. WE BELIEVE THAT HELPING OTHERS IS A KEY TO HAPPINESS AND GIVES THE SENIORS ENERGY AND PURPOSE.

990 for the year ended December 31, 2024

Program accomplishments

  • SENIOR ACADEMY
    Expenses $50,689

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 on file
2023December 31, 2023May 15, 2024990 on file

File the 2025 990-EZ for SINGSING SILVER ACADEMY

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

IRS record

EIN
86-2658773
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)
Human services (P81)
Assets (IRS master file)
$74,661
Income (IRS master file)
$59,719

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$59,719$398,603$74,661XML
990December 2023$2,080$127,915$52,807XML
990December 2022$21,987$13,148$86,254IRS
990December 2021$77,469$6,031$71,438IRS

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 86-2658773).

Questions about SINGSING SILVER ACADEMY

What is the EIN of SINGSING SILVER ACADEMY?
The employer identification number (EIN) of SINGSING SILVER ACADEMY is 86-2658773.
Is SINGSING SILVER ACADEMY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to SINGSING SILVER ACADEMY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SINGSING SILVER ACADEMY 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 SINGSING SILVER ACADEMY 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 SINGSING SILVER ACADEMY 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 SINGSING SILVER ACADEMY?
The 990 for the year ended December 31, 2024 names YUN CHUNG LYU.
Who are the officers and directors of SINGSING SILVER ACADEMY?
The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
How much revenue does SINGSING SILVER ACADEMY have?
On its 990 for the year ended December 31, 2024 it reported revenue of $59,719, expenses of $398,603 and total assets of $74,661 at year end.

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