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Nonprofit · EIN 22-2472384

KOREAN SCHOOL OF NEW JERSEY

Tax-exempt · TENAFLY, NJ 07670

Financials

$517K$422K2023$618K$526K2024
Revenue Expenses · by fiscal year end
Financials of KOREAN SCHOOL OF NEW JERSEY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$617,770$526,247$91,523$829,000$0$829,000
December 31, 2023990$516,659$421,584$95,075$737,477$0$737,477
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$597,404
Investment income
$20,366
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$2,878
Occupancy
$119,882
Program services (functional)
$477,165
Management and general (functional)
$49,082

Balance sheet and other

Total assets, start of year
$737,477
Total assets, end of year
$829,000
Total liabilities, end of year
$0
Net assets, end of year
$829,000
Gross receipts
$617,770
Employees
0
Year formed
1982
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, 2024, highest compensation first.

NameTitleHours / weekCompensation
HYE KYUN KIMSECRETARY
Trustee or director
–$0
HYUNJOO HWANG KIMPRINCIPAL
Trustee or director
–$0
CHANSEO LEEVICE PRESIDE
Trustee or director
–$0
SUNG WON LEECHAIRMAN
Trustee or director
–$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
HYE KYUN KIMSECRETARY
Trustee or director
–$0
HYUNJOO HWANG KIMPRINCIPAL
Trustee or director
–$0
CHANSEO LEEVICE PRESIDE
Trustee or director
–$0
SUNG WON LEECHAIRMAN
Trustee or director
–$0

Address and contacts

Address (IRS master file)
PO BOX 737, TENAFLY, NJ 07670-0737
Principal officer (990 for 2024)
SUNG WON LEE, 91 BLACKBURN RD, SUMMIT, NEW JERSEY, NJ 07901
Signed the 990
SUNG WON LEE, CHAIRMAN
Phone
(201) 767-5734
Return prepared by
KANG YOUL LEE CPA PC

Mission

EDUCATION OF KOREAN LANGUAGE & CULTURE

990 for the year ended December 31, 2024

Program accomplishments

  • TEACHING AND TRAINING OF KOREAN LANGUAGE AND CULTURE
    Expenses $477,165

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 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
22-2472384
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1984
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$829,000
Income (IRS master file)
$617,770

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$617,770$526,247$829,000IRS
990December 2023$516,659$421,584$737,477XML
990December 2022$476,553$357,281$642,402IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 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 22-2472384).

Questions about KOREAN SCHOOL OF NEW JERSEY

What is the EIN of KOREAN SCHOOL OF NEW JERSEY?
The employer identification number (EIN) of KOREAN SCHOOL OF NEW JERSEY is 22-2472384.
Is KOREAN SCHOOL OF NEW JERSEY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
Are donations to KOREAN SCHOOL OF NEW JERSEY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does KOREAN SCHOOL OF NEW JERSEY 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 SCHOOL OF NEW JERSEY 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 SCHOOL OF NEW JERSEY 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 SCHOOL OF NEW JERSEY?
The 990 for the year ended December 31, 2024 names SUNG WON LEE.
Who are the officers and directors of KOREAN SCHOOL OF NEW JERSEY?
The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does KOREAN SCHOOL OF NEW JERSEY have?
On its 990 for the year ended December 31, 2024 it reported revenue of $617,770, expenses of $526,247 and total assets of $829,000 at year end.

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