Nonprofit · EIN 88-3160854
NEW CREATION TRAINING CENTER INC
Tax-exempt · CARROLLTON, TX 75010
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $405,837 | $175,408 | $230,429 | $351,681 | $0 | $351,681 |
| December 31, 2023 | 990-EZ | $123,049 | $45,361 | $77,688 | $121,252 | – | $121,252 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $405,837
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $99,245
- Salaries, compensation and benefits (total)
- $99,245
- Professional fundraising fees
- $0
- Depreciation
- $2,094
- Program services (functional)
- $175,408
Balance sheet and other
- Total assets, start of year
- $121,252
- Total assets, end of year
- $351,681
- Total liabilities, end of year
- $0
- Net assets, end of year
- $351,681
- Land, buildings and equipment
- $11,118
- Net assets without donor restrictions
- $351,681
- Gross receipts
- $405,837
- Employees
- 2
- Year formed
- 2022
- State of legal domicile
- TX
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 |
|---|---|---|---|
| KYUSONG CHO | President Trustee or director | 40 | $63,245 |
| PAULA KIM | Vice President Trustee or director | 40 | $36,000 |
| JUEUN NOH | Treasurer Trustee or director | 0 | $0 |
| BRANDON CHUNG | Secretary Trustee or director | 0 | $0 |
| JINHO KIM | Director Trustee or director | 0 | $0 |
| BYUNGHWA KIM | Director Trustee or director | 0 | $0 |
990-EZ for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KYUSONG CHO | President | 40 | $20,000 |
| PAULA KIM | Vice President | 0 | $0 |
| JUEUN NOH | Treasurer | 0 | $0 |
| BRANDON CHUNG | Secretary | 0 | $0 |
| JINHO KIM | Director | 0 | $0 |
| BYUNGHWA KIM | Director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1204 SIOUX ST, CARROLLTON, TX 75010-3313
- In care of
- % KYUSONG CHO
- Mailing address (990-N for 2022)
- 2917 Saint Andrews Dr, Lewisville TX 75067
- Principal officer (990-N for 2022)
- Kyusong Cho, 2917 Saint Andrews Dr, Lewisville TX 75067
- Signed the 990
- KYUSONG CHO, President
- Phone
- (682) 313-4556
- Website
- https://www.nctcdallas.org/
- Return prepared by
- Guy Wilcox CPA
Mission
The specific purpose for which the corporation is initially organized is to teach and preach the gospel to all people, conduct evangelistic activities, support foreign missions, license and ordain ministers of the gospel, provide religious, charitable and humanitarian services and to also engage in activities which are necessary, suitable or convenient for the accomplishment of that purpose, or which are incidental thereto or connected therewith which are consistent with Section 501(c)(3) of the Internal Revenue Code. This corporation is organized and operated exclusively for religious purposes within the meaning of Section 501(c)(3), Internal Revenue Code.
Program accomplishments
- The organization provided monthly humanitarian aid of $2,000 to a financially struggling church member to assist with basic living expenses, including housing, food, and essential needs. Additionally, a one-time financial assistance payment of $1,450 and $220 were provided to two individuals facing hardship. These funds were distributed as part of the churchs benevolence program, approved by the Board of Directors, and documented in financial records to ensure alignment with the organizations mission and accountability.Expenses $175,408
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-EZ on file |
IRS record
- EIN
- 88-3160854
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X20)
- Assets (IRS master file)
- $351,681
- Income (IRS master file)
- $405,837
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $405,837 | $175,408 | $351,681 | XML |
| 990-EZ | December 2023 | $123,049 | $45,361 | $121,252 | XML |
| 990-N for 2022 Officer: Kyusong Cho | 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 88-3160854).
Questions about NEW CREATION TRAINING CENTER INC
- What is the EIN of NEW CREATION TRAINING CENTER INC?
- The employer identification number (EIN) of NEW CREATION TRAINING CENTER INC is 88-3160854.
- Is NEW CREATION TRAINING CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to NEW CREATION TRAINING CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW CREATION TRAINING CENTER 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 CREATION TRAINING 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 NEW CREATION TRAINING CENTER 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 NEW CREATION TRAINING CENTER INC?
- The 990-N for 2022 names Kyusong Cho.
- Who are the officers and directors of NEW CREATION TRAINING CENTER INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 2 received compensation from the organization, the highest $63,245 (KYUSONG CHO, President).
- How much revenue does NEW CREATION TRAINING CENTER INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $405,837, expenses of $175,408 and total assets of $351,681 at year end.
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