Korean Cleaners Association Of New Jersey Inc
- Assets
- $233.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Iselin, NJ
- Founding
- 11/1996
- Data as of
- 04/2022
- EIN
- 22-3302737
Organization Overview
Korean Cleaners Association Of New Jersey Inc is located in Iselin, NJ. The organization was established in 1996. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korean Cleaners Association Of New Jersey Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 04/2022, Korean Cleaners Association Of New Jersey Inc generated $86.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $98.8k during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Dong W Treasurer | 0 | $0 | |
Lee Yongho President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $25,136 |
| Membership dues | $38,810 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $22,637 |
| Total Revenue | $86,583 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $15,658 |
| Salaries, other compensation, and employee benefits | $23,130 |
| Professional fees and other payments to independent contractors | $1,095 |
| Occupancy, rent, utilities, and maintenance | $13,795 |
| Printing, publications, postage, and shipping | $38,260 |
| Other expenses | $6,854 |
| Total expenses | $98,792 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $213,110 |
| Other assets | $0 |
| Total assets | $233,638 |
| Total liabilities | $0 |
| Net assets or fund balances | $233,638 |
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