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Nonprofit · EIN 11-3212678

KOREAN-AMERICAN NAIL SALON ASSOCIATION OF NEW YORK INC

Tax-exempt · BAYSIDE, NY 11361

Financials

$22K$31K2023$10K$12K2024
Revenue Expenses · by fiscal year end
Financials of KOREAN-AMERICAN NAIL SALON ASSOCIATION OF NEW YORK INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$10,272$12,238-$1,966$7,361$0$7,361
December 31, 2023990$22,283$30,813-$8,530$9,327$0$9,327
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$10,272
Membership dues
$10,272
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$2,160
Occupancy
$6,973
Management and general (functional)
$12,238

Balance sheet and other

Total assets, start of year
$9,327
Total assets, end of year
$7,361
Total liabilities, end of year
$0
Net assets, end of year
$7,361
Land, buildings and equipment
$58
Net assets without donor restrictions
$7,361
Gross receipts
$10,272
Employees
0
Volunteers
1
Year formed
1992
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.

NameTitleHours / weekCompensation
SANG HO LEEDIRECTOR
Officer
20$0
990 for the year ended December 31, 2023: 1 people
NameTitleHours / weekCompensation
SANG HO LEEPRESIDENT
Officer
–$0

Address and contacts

Address (IRS master file)
4527 SPRINGFIELD BLVD, BAYSIDE, NY 11361-3557
Principal officer (990 for 2024)
SANG HO LEE, 599 WOODROW RD, STATEN ISLAND, NY 10312
Signed the 990
SANG HO LEE, DIRECTOR
Phone
(646) 761-0899
Return prepared by
HEE KYUNG KIM CPA PC

Mission

TO SERVE USERS TO ENHANCE NAIL SPECIALTY BUSINESS.

990 for the year ended December 31, 2024

Program accomplishments

  • ANSWERED TO MEMBERS' INQUIRES ON GOVERNMENT RULES AND REGULATIONS RELATED TO NAIL SALON BUSINESS.
  • ASSISTED MEMBERS TO GET NAIL SPECIALTY & BUSINESS LICENSES.

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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

IRS record

EIN
11-3212678
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1995
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$7,361
Income (IRS master file)
$10,272

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$10,272$12,238$7,361XML
990December 2023$22,283$30,813$9,327XML
990December 2022$41,821$54,691$17,857IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 11-3212678).

Questions about KOREAN-AMERICAN NAIL SALON ASSOCIATION OF NEW YORK INC

What is the EIN of KOREAN-AMERICAN NAIL SALON ASSOCIATION OF NEW YORK INC?
The employer identification number (EIN) of KOREAN-AMERICAN NAIL SALON ASSOCIATION OF NEW YORK INC is 11-3212678.
Is KOREAN-AMERICAN NAIL SALON ASSOCIATION OF NEW YORK INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1995.
Are donations to KOREAN-AMERICAN NAIL SALON ASSOCIATION OF NEW YORK INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does KOREAN-AMERICAN NAIL SALON ASSOCIATION OF NEW YORK INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of KOREAN-AMERICAN NAIL SALON ASSOCIATION OF NEW YORK 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 NAIL SALON ASSOCIATION OF NEW YORK 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 NAIL SALON ASSOCIATION OF NEW YORK INC?
The 990 for the year ended December 31, 2024 names SANG HO LEE.
Who are the officers and directors of KOREAN-AMERICAN NAIL SALON ASSOCIATION OF NEW YORK INC?
The 990 for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
How much revenue does KOREAN-AMERICAN NAIL SALON ASSOCIATION OF NEW YORK INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $10,272, expenses of $12,238 and total assets of $7,361 at year end.

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