Nonprofit · EIN 99-3514044
IK-JOONG KANG FOUNDATION INC
Tax-exempt · NEW YORK, NY 10007
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $171,505 | $180,269 | -$8,764 | $1,236 | $10,000 | -$8,764 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $171,505
Expenses
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $180,269
- Program services (functional)
- $180,239
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $1,236
- Total liabilities, end of year
- $10,000
- Net assets, end of year
- -$8,764
- Cash, savings and investments
- $1,236
- Gross receipts
- $171,505
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 |
|---|---|---|---|
| MARGARETTE LEE | PRESIDENT | 0 | $0 |
| IK-JOONG KANG | SECRETARY | 0 | $0 |
| KEHOO KANG | TREASURER | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 325 BROADWAY STE 200, NEW YORK, NY 10007-3660
- Signed the 990-EZ
- MARGARETTE LEE, PRESIDENT
- Phone
- (212) 477-8008
- Return prepared by
- CBIZ ADVISORS LLC
Mission
THE FOUNDATION'S MISSION IS TO PROMOTE THE CULTURAL UNDERSTANDING AND CULTURAL EXCHANGE THROUGH ARTISTIC ENDEAVORS, WITH A FOCUS ON CREATING BRIDGES BETWEEN THE GLOBAL ARTS COMMUNITY AND THE KOREAN PEOPLE IN SOUTH KOREA AND ABROAD.
Program accomplishments
- ARTIST AND DIRECTOR OF THE HANGEUL PROJECT, IK-JOONG KANG, WILL USE 20,000 HANGEUL TILES TO CREATE THE WORLD'S FIRST HANGEUL WALL AT THE KOREAN CULTURAL CENTER IN NEW YORK. AMONG THE 20,000 TILES WILL BE 1,000 PIECES CREATED BY INDIVIDUALS FROM AROUND THE WORLD. INDIVIDUALS HAD UNTIL JUNE 30, 2024, TO SUBMIT THEIR OWN ARTWORKS INSPIRED BY THE THEME "THINGS I LOVE TO TALK ABOUT AND 1,000 OF THE PIECES WILL BE SELECTED THROUGH ONLINE VOTING BY THE PUBLIC AND REVIEW BY IK-JOONG KANG TO BECOME PART OF THE HANGEUL WALL. NOT ONLY DOES THIS INITIATIVE ALLOW PEOPLE FROM AROUND THE WORLD TO CONTRIBUTE TO A HISTORIC PIECE OF ART BUT IT PROVIDES AN EDUCATIONAL OPPORTUNITY FORPARTICIPANTS TO EXPLORE THE HISTORICAL SIGNIFICANCE OF HANGEUL.Expenses $21,500
- A PROJCET IN CAIRO, EGYPT TO BE KNOWN AS THE HANGEUL TEMPLE AND WILL BEINSTALLED IN FRONT OF THE PYRAMIDS OF GIZA IN THE FALL OF 2024. THE OUTER WALLS OF THESE PRISMS WILL BEINSCRIBED WITH THE LYRICS OF THE KOREAN FOLK SONG ARIRANG IN HANGEUL, ENGLISH, ARABIC, AND HIEROGLYPHICS. THE INTERIOR WILL BE ADORNED WITH OVER 5,000 MURAL DRAWINGS OF DREAMS CREATED BY CHILDREN FROM AROUND THE WORLD. IK JOONG KANG BELIEVES THAT THE "PYRAMIDS SYMBOLIZE THE PAST, 'ARIRANG' THE PRESENT, AND THE CHILDREN THE FUTURE. THIS WORK EMBODIES THE BELIEF THAT THE WORLD CAN COEXIST PEACEFULLY THROUGH EXCHANGEDESPITE THE DIVISIONS AND CONFLICTS ON EARTH. IT CREATES A CONNECTION BETWEEN THE PAST, PRESENT, AND FUTURE."EMBEDDED WITHIN THE FRAMEWORK OF A NONPROFIT CULTURAL ENDEAVOR, THIS PROJECT ASPIRES NOT ONLY TO AMPLIFYAWARENESS OF KOREA'S RICH CULTURAL HERITAGE BUT ALSO TO FOSTER PROFOUND GLOBAL COMMUNITY ENGAGEMENT.Expenses $158,739
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 | Check at the IRS |
IRS record
- EIN
- 99-3514044
- 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
- 2025
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A20)
- Assets (IRS master file)
- $1,236
- Income (IRS master file)
- $171,505
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $171,505 | $180,269 | $1,236 | XML |
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 99-3514044).
Questions about IK-JOONG KANG FOUNDATION INC
- What is the EIN of IK-JOONG KANG FOUNDATION INC?
- The employer identification number (EIN) of IK-JOONG KANG FOUNDATION INC is 99-3514044.
- Is IK-JOONG KANG FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
- Are donations to IK-JOONG KANG FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IK-JOONG KANG 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 IK-JOONG KANG 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 IK-JOONG KANG 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 IK-JOONG KANG FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does IK-JOONG KANG FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $171,505, expenses of $180,269 and total assets of $1,236 at year end.
Other nonprofits in NEW YORK
- THE METROPOLITAN MUSEUM OF ART EIN 13-1624086 · last filed 990 for 2025
- MUSEUM OF MODERN ART EIN 13-1624100 · last filed 990 for 2025
- METROPOLITAN OPERA ASSOCIATION INC EIN 13-1624087 · last filed 990 for 2025
- AMERICAN MUSEUM OF NATURAL HISTORY EIN 13-6162659 · last filed 990 for 2025
- LINCOLN CENTER FOR THE PERFORMING ARTS INC EIN 13-1847137 · last filed 990 for 2025
- WHITNEY MUSEUM OF AMERICAN ART EIN 13-1789318 · last filed 990 for 2025
- SESAME WORKSHOP EIN 13-2655731 · last filed 990 for 2025
- ROYAL NATIONAL THEATRE EIN 38-3866410 · last filed 990 for 2025
All nonprofits in NEW YORK · New York · Arts, culture and humanities