Korean American Association Of Greater New York Inc

Organization Overview

Korean American Association Of Greater New York Inc is located in New York, NY. The organization was established in 1983. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 04/2022, Korean American Association Of Greater New York Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korean American Association Of Greater New York Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 04/2022, Korean American Association Of Greater New York Inc generated $873.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $950.9k during the year ending 04/2022. While expenses have increased by 11.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

HELPING SOUTH KOREAN IMMIGRANTS TO SETTLE DOWN IN THE GREATER NEW YORK AREA AS KOREAN-AMERICAN CITIZENS AND PROMOTE ACTIVITIES FOR UNITY AND HEALTHY SOCIAL RELATIONSHIPS.

Describe the Organization's Program Activity:

HELPING SOUTH KOREAN IMMIGRANTS TO SETTLE DOWN IN THE GREATER NEW YORK AREA AS KOREAN-AMERICAN CITIZENS AND PROMOTE ACTIVITIES FOR UNITY AND HEALTHY SOCIAL RELATIONSHIPS. KOREAN INDEPENDENCE DAY PARADE OTHER PARADES COVID-19 RELIEF FUND COVID-19 SHARING LOVE


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Board, Officers & Key Employees

Name (title)Compensation
Charles Yoon
President
$0
Bridgette Ahn
Vice Preside
$0
Kay Kim
Executive Vi
$0
Daniel Cho
Vice Preside
$0
Kapson Um
Vice Preside
$0
Jimmy Lee
Vice Preside
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $698,713
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$698,713
Total Program Service Revenue$91,466
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $49,991
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $873,620

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Korean American Association Of Greater New York Inc has recieved totaling $188,333.

Awarding OrganizationAmount
Nae Il Foundation Ltd

PURPOSE: SPONSORSHIP OF KAAGNY GALA ($100K) AND STOP ASIAN HATE CAMPAIGN ($10K)

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$110,000
Fairfield Countys Community Foundation Inc

Norwalk, CT

PURPOSE: FOR GENERAL SUPPORT.

$50,000
Y T Hwang Family Foundation Inc

Cresskill, NJ

PURPOSE: CHARITABLE

$20,000
Rlb Private Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$8,333
View Grant Recipient Profile

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