Nonprofit · EIN 16-1651233
KOREA YOUTH PROMOTION ASSOCIATION OF USA INC
Tax-exempt · FLUSHING, NY 11358
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $92,827 | $117,406 | -$24,579 | $122,951 | – | $122,951 |
| December 31, 2024 | 990-EZ | $90,911 | $68,901 | $22,010 | $147,530 | – | $147,530 |
| December 31, 2023 | 990-EZ | $128,537 | $110,106 | $18,431 | $125,520 | – | $125,520 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $36,314
- Program service revenue
- $56,245
- Investment income
- $268
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $750
- Occupancy
- $48,855
- Other expenses
- $67,801
- Program services (functional)
- $106,798
Balance sheet and other
- Total assets, start of year
- $147,530
- Total assets, end of year
- $122,951
- Total liabilities, end of year
- –
- Net assets, end of year
- $122,951
- Cash, savings and investments
- $122,951
- Gross receipts
- $92,827
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| YEON HWAN PARK | PRESIDENT | 40 | $0 |
| YEON HEE PARK | ADVISORY COU | 10 | $0 |
| EDWARD PARK | SECRETARY | 40 | $0 |
| KYUN SUK PARK | DIRECTOR | 10 | $0 |
| JONG HWA KIM | DIRECTOR | 10 | $0 |
990-EZ for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| YEON HWAN PARK | PRESIDENT | 0 | $0 |
| YEON HEE PARK | ADVISORY COU | 0 | $0 |
| EDWARD PARK | SECRETARY | 0 | $0 |
| KYUN SUK PARK | DIRECTOR | 0 | $0 |
| JONG HWA KIM | DIRECTOR | 0 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| YEON HWAN PARK | PRESIDENT | 40 | $0 |
| YEON HEE PARK | ADVISORY COU | 10 | $0 |
| EDWARD PARK | SECRETARY | 20 | $0 |
| KYUN SUK PARK | DIRECTOR | 10 | $0 |
| JONG HWA KIM | DIRECTOR | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 45-25 162ND ST, FLUSHING, NY 11358-3279
- In care of
- % KIM & ASSOCIATES INC
- Mailing address (990-N for 2020)
- C/O 45-25 162ND ST SUITE 201, FLUSHING NY 11358
- Principal officer (990-N for 2020)
- YEON HWAN PARK, 170-06 CROCHERON AVE, FLUSHING NY 11358
- Signed the 990-EZ
- YEON HWAN PARK, PRESIDENT
- Phone
- (516) 735-3434
- Website
- WWW.YHPARK.COM
- Return prepared by
- KIM & ASSOCIATES CPAS PC
Mission
TO PROMOTE THE FLOW OF MUTUAL UNDERSTANDING AND RELIANCE, STRENGTHEN COOPERATIVE, AND BETTER KNOWLEDGE OF THE EACH CULTURE THROUGH EXCHANGING BETWEEN YOUTH OF SOUTH KOREA AND YOUTH OF USA.
Program accomplishments
- NEW YORK TAEKONDO CHAMPIONSHIO & DEMONSTRATION FESTIVAL: THE ORGANIZATION'S FESTIVAL EXTEND TO THE PUBLIC, IN PARTICULAR, YOUGER YOUTHS BETWEEN KOREAN-AMERICAN AND USA, BUT NOT LIMITED, TO PARTICIPATE IN THE TOURNAMENT HELD AT CHAMINADE HIGH SCHOOL AND DEMONSTRATION.Expenses $57,943
- YOUNGER INSTRUCTOR TRAINING ACADEMY: IT IS ORGANIZED EXCLUSIVELY EDUCATIONAL PURPOSE THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY UNDER SECTION 501 (C)(3) OF THE IRC.THIS PROGRAM PARTICOPATED BY BOARD MEMBERS MAKE A HIGH DEVELOPED COURSE IN CONTINUING STUDIES FOR THOSE WHO ARE INTERESTED IN BEING A FUTURE LEADER OF TAEKWONDO IN USA.
- MEMBER ASSISTANT PROGRAM: THE PROGRAM WILL BE DISTRIBUTED EQUIPMENTS AND MATERIALS RELATED TO THE OTHER PROGRAMS THROUGH WHOLESALE(COMMON-MASS) PURCHASE TO CUT OFF THE ADDITIONAL OPERATING EXPENSES AND WILL BE MADE MEMBER'S EDUCATIONAL TEACHING ENVIROMENT TO PUBLIC.
- TO BUILD FREINSHIP AND TRUST THROUGH NY OPEN TAEKONDO CHAMPIONSHIO FESTIVAL BETWEEN YOUTH OF SOUTH KOREA AND YOUTH OF USA.Expenses $48,855
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-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 16-1651233
- 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
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N60)
- Assets (IRS master file)
- $122,951
- Income (IRS master file)
- $92,827
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $92,827 | $117,406 | $122,951 | IRS |
| 990-EZ | December 2024 | $90,911 | $68,901 | $147,530 | IRS |
| 990-EZ | December 2023 | $128,537 | $110,106 | $125,520 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: YEON HWAN PARK | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2017 Officer: YEON HWAN PARK | December 31, 2017 | ≤ $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 16-1651233).
Questions about KOREA YOUTH PROMOTION ASSOCIATION OF USA INC
- What is the EIN of KOREA YOUTH PROMOTION ASSOCIATION OF USA INC?
- The employer identification number (EIN) of KOREA YOUTH PROMOTION ASSOCIATION OF USA INC is 16-1651233.
- Is KOREA YOUTH PROMOTION ASSOCIATION OF USA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to KOREA YOUTH PROMOTION ASSOCIATION OF USA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KOREA YOUTH PROMOTION ASSOCIATION OF USA 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 KOREA YOUTH PROMOTION ASSOCIATION OF USA 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 KOREA YOUTH PROMOTION ASSOCIATION OF USA INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of KOREA YOUTH PROMOTION ASSOCIATION OF USA INC?
- The 990-N for 2020 names YEON HWAN PARK.
- Who are the officers and directors of KOREA YOUTH PROMOTION ASSOCIATION OF USA INC?
- The 990-EZ for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does KOREA YOUTH PROMOTION ASSOCIATION OF USA INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $92,827, expenses of $117,406 and total assets of $122,951 at year end.
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