Korean American Society Of Massachusetts Inc
- Assets
- $18.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Woburn, MA
- Founding
- Data as of
- 12/2022
- EIN
- 84-3982396
Organization Overview
Korean American Society Of Massachusetts Inc is located in Woburn, MA. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Korean American Society Of Massachusetts 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 12/2022, Korean American Society Of Massachusetts Inc generated $57.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $49.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
1(A) - VOTE FOR KOREAN CONGRESSMEN CAMPAIGN: 4/4/2020 - 4/6/2020, DESCRIPTION: ELECTION FOR KOREAN REPRESENTATIVES. BENEFITED VIRTUALLY (FB): 13, BENEFITED IN PERSON: UNABLE TO COUNT 1(B) - CAMPAIGN FOR VOTING: DATE: 9/20/2020, DESCRIPTION: CAMPAIGN FOR PRESIDENTIAL ELECTION, BENEFITED: UNKNOWN 2(A) - MASK DEMAND SURVEY WITH KOREAN CONSULATE GENERAL: DATE 04/28/2020, DESCRIPTION: SURVEY FOR THE TOTAL QUANTITY OF MASKS FROM KOREA, 3500 RESPONSES, BENEFITED 15000 2(B) - PROTECT ALL OF US & WEAR MASKS CAMPAIGN: DATE 04/01/2020 - SUMMER/FALL 2020, DESCRIPTION: MASK DISTRIBUTION FOR COMMUNITY, BENEFITED 20000 3 - INDEPENDENCE MOVEMENT DAY MEMORIAL: DATE 02/29/20, DESCRIPTION: SHUSENJO FILM SCREENING, BENEFITED UNKNOWN 4 - INDEPENDENCE DAY MEMORIAL: DATE: 08/13/2020, DESCRIPTION: CELEBRATION OF KOREAN INDEPENDENCE DAY, BENEFITED UNKNOWN. 5 - ESSENTIAL GOODS DISTRIBUTION: DATE: 08/01/2020, DESCRIPTION: DISTRIBUTION OF NOODLES, SEAWEEDS, AND RICE, BENEFITED 300 6 - SURVEY FOR ESSENTIAL GOODS FOR DISTRIBUTION: DATE: 05/22/2020, DESCRIPTION: SURVEY TO PICK TOP 2 ITEMS MOST WANTED FOR DISTRIBUTION, BENEFITED 1000 7 - WALK-A-THON: DATE: 10/10/2020: DESCRIPTION: OVERCOMING COVID-19 STRESS, BENEFITED 100+.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yong Lee President | 20 | $0 | |
Susahn Ahn Vice President | 10 | $0 | |
Muyunghee Jin Vice President | 5 | $0 | |
Jun Bae Vice President | 5 | $0 | |
Jinbuyung Nam Vice President | 5 | $0 | |
Young Shin Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,568 |
| Total Program Service Revenue | $6,000 |
| Membership dues | $1,840 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $20,383 |
| Other Revenue | $111 |
| Total Revenue | $57,902 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,100 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $45,286 |
| Total expenses | $49,887 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $18,710 |
| Other assets | $0 |
| Total assets | $18,710 |
| Total liabilities | $0 |
| Net assets or fund balances | $18,710 |