Nonprofit · EIN 06-1296306
KOREAN REGISTER OF SHIPPING INC
Also known as NY OFFICE
Tax-exempt · NORWOOD, NJ 07648
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $206,207 | $219,897 | -$13,690 | $91,633 | $0 | $91,633 |
| December 31, 2024 | 990 | $264,064 | $220,003 | $44,061 | $105,323 | $0 | $105,323 |
| December 31, 2023 | 990 | $341,283 | $336,682 | $4,601 | $65,636 | $4,374 | $61,262 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $206,207
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $60,000
- Salaries, compensation and benefits (total)
- $60,810
- Professional fundraising fees
- $0
- Legal fees
- $2,640
- Occupancy
- $50,100
- Travel
- $75,157
- Depreciation
- $10,600
- Program services (functional)
- $219,897
Balance sheet and other
- Total assets, start of year
- $105,323
- Total assets, end of year
- $91,633
- Total liabilities, end of year
- $0
- Net assets, end of year
- $91,633
- Land, buildings and equipment
- $37,100
- Gross receipts
- $206,207
- Employees
- 1
- Year formed
- 1990
- State of legal domicile
- NJ
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KILCHEON SEO | PRESIDENT Officer | 40 | $60,000 |
990 for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| YANGIL KIM | SECRETARY Officer | 40 | $30,000 |
| KILCHEON SEO | PRESIDENT Officer | 40 | $30,000 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| YANGIL KIM | PRESIDENT Officer | 40 | $60,000 |
Address and contacts
- Address (IRS master file)
- 51 BURLINGTON ST, NORWOOD, NJ 07648-1515
- Principal officer (990 for 2025)
- KILCHEON SEO, 51 BURLINGTON STREET, NORWOOD, NJ 07648
- Signed the 990
- KILCHEON SEO, PRESIDENT
- Phone
- (201) 784-8886
- Website
- WWW.KRS.CO.KR
- Return prepared by
- MICHAEL KWON CPA PC
Mission
TO PROMOTE THE SAFETY OF LIFE AND PROPERTY AT SEA BY SETTING STANDARDS OF SAFETY. IMPROVING EXISTING STANDARDS AND ORGANIZING THEM ON A GLOBAL BASIS
Program accomplishments
- TRAVELLED TO ENGAGE IN A WIDE RANGE OF INSPECTION AND TESTS ON THE SHIP'S ARTICLE, EQUIPMENT FOR MARINE POLLUTION PREVENTION AND CONTAINER OF DANGEROUS GOODS, ETC. TO MAINTAIN THEIR HIGHEST QUALITYExpenses $75,157
- SALERIES PAID TO CERTIFIED INSPECTORS TO CARRY OUT STATUTORY SERVICESExpenses $60,000
- RENTAL EXPENSE FOR THE OFFICEExpenses $50,100
- PROGRAM SERVICE EXPENSE:51,148. GRANTS AND ALLOCATION:0, REVENUSE:0, ALL OTHER EXPENSES TO ACHIEVE THE ORGANIZATION'S EXEMPT PURPOSE FROM FORM 990.Expenses $34,640
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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 06-1296306
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1992
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public safety, disaster preparedness and relief (M99Z)
- Assets (IRS master file)
- $91,633
- Income (IRS master file)
- $206,207
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $206,207 | $219,897 | $91,633 | IRS |
| 990 | December 2024 | $264,064 | $220,003 | $105,323 | XML |
| 990 | December 2023 | $341,283 | $336,682 | $65,636 | XML |
| 990 | December 2022 | $361,000 | $360,481 | $61,524 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 06-1296306).
Questions about KOREAN REGISTER OF SHIPPING INC
- What is the EIN of KOREAN REGISTER OF SHIPPING INC?
- The employer identification number (EIN) of KOREAN REGISTER OF SHIPPING INC is 06-1296306.
- Is KOREAN REGISTER OF SHIPPING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1992.
- Are donations to KOREAN REGISTER OF SHIPPING INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does KOREAN REGISTER OF SHIPPING 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 KOREAN REGISTER OF SHIPPING INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KOREAN REGISTER OF SHIPPING INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of KOREAN REGISTER OF SHIPPING INC?
- The 990 for the year ended December 31, 2025 names KILCHEON SEO.
- Who are the officers and directors of KOREAN REGISTER OF SHIPPING INC?
- The 990 for the year ended December 31, 2025 lists 1 person; 1 received compensation from the organization, the highest $60,000 (KILCHEON SEO, PRESIDENT).
- How much revenue does KOREAN REGISTER OF SHIPPING INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $206,207, expenses of $219,897 and total assets of $91,633 at year end.
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