Nonprofit · EIN 11-3186054
KOREAN-AMERICAN YOUTH FOUNDATION INC
Tax-exempt · FLUSHING, NY 11358
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $120,968 | $127,532 | -$6,564 | $152,116 | $0 | $152,116 |
| December 31, 2023 | 990 | $101,657 | $121,604 | -$19,947 | $160,262 | $1,582 | $158,680 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $56,790
- Membership dues
- $16,000
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- $64,178
- Other revenue
- $64,178
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $75,000
- Salaries, compensation and benefits (total)
- $80,738
- Professional fundraising fees
- $0
- Accounting fees
- $4,200
- Occupancy
- $312
- Program services (functional)
- $86,333
- Management and general (functional)
- $35,032
- Fundraising (functional)
- $6,167
Balance sheet and other
- Total assets, start of year
- $160,262
- Total assets, end of year
- $152,116
- Total liabilities, end of year
- $0
- Net assets, end of year
- $152,116
- Net assets without donor restrictions
- $152,116
- Gross receipts
- $178,918
- Employees
- 1
- Year formed
- 1993
- State of legal domicile
- NY
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 |
|---|---|---|---|
| HEE SUK KIM | DIRECTOR Trustee or director | – | $0 |
| KWANGSOO KIM | DIRECTOR Trustee or director | – | $0 |
| ROBERT JOHGHOON | DIRECTOR Trustee or director | – | $0 |
| PHILLIP HONG | PRESIDENT Trustee or director | – | $0 |
| CHRIS LEE | CHAIRMAN Trustee or director | – | $0 |
| DAN KIM | DIRECTOR Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HEE SUK KIM | PRESIDENT Trustee or director | – | $0 |
| KWANGSOO KIM | CHAIRMAN Officer | – | $0 |
| ROBERT JOHGHOON | VICE CHAIRMA Trustee or director | – | $0 |
| PHILLIP HONG | DIRECTOR Trustee or director | – | $0 |
| CHRIS LEE | DIRECTOR Trustee or director | – | $0 |
| SEJIN LIM | DIRECTOR Trustee or director | – | $0 |
| SYLVIA HUH | DIRECTOR Trustee or director | – | $0 |
| DAN KIM | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 16401 NORTHERN BLVD STE 2, FLUSHING, NY 11358-1755
- Principal officer (990 for 2024)
- CHRIS LEE
- Signed the 990
- CHRIS LEE, CHAIRMAN
- Phone
- (929) 322-4454
- Website
- KAYF.ORG
- Return prepared by
- KANHO JUNG CPA PLLC
Mission
SUPPORTING AND EMPOWERING UNDERSERVED YOUTHS OF IMMIGRANT FAMILIES. TO PROMOTE THE WELFARE OF THE YOUTH GROUP IN KOREAN-AMERICAN COMMUNITY LOCATED IN THE METROPOLITAN AREA.
Program accomplishments
- SUPPORTING AND EMPOWERING UNDERSERVED YOUTHS OF IMMIGRANT FAMILIES. TO PROMOTE THE WELFARE OF THE YOUTH GROUP IN KOREAN-AMERICAN COMMUNITY LOCATED IN THE METROPOLITAN AREA.Expenses $86,333
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 on file |
IRS record
- EIN
- 11-3186054
- 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
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O54)
- Assets (IRS master file)
- $152,116
- Income (IRS master file)
- $178,918
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $120,968 | $127,532 | $152,116 | IRS |
| 990 | December 2023 | $101,657 | $121,604 | $160,262 | XML |
| 990 | December 2022 | $93,205 | $71,265 | $179,252 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 11-3186054).
Questions about KOREAN-AMERICAN YOUTH FOUNDATION INC
- What is the EIN of KOREAN-AMERICAN YOUTH FOUNDATION INC?
- The employer identification number (EIN) of KOREAN-AMERICAN YOUTH FOUNDATION INC is 11-3186054.
- Is KOREAN-AMERICAN YOUTH FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to KOREAN-AMERICAN YOUTH FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KOREAN-AMERICAN YOUTH 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 KOREAN-AMERICAN YOUTH 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 KOREAN-AMERICAN YOUTH FOUNDATION 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 KOREAN-AMERICAN YOUTH FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names CHRIS LEE.
- Who are the officers and directors of KOREAN-AMERICAN YOUTH FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does KOREAN-AMERICAN YOUTH FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $120,968, expenses of $127,532 and total assets of $152,116 at year end.
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