Korean-American Contemporary Arts
- Assets
- $12.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Lee, NJ
- Founding
- 02/2001
- Data as of
- 12/2021
- EIN
- 13-4076775
Organization Overview
Korean-American Contemporary Arts is located in Fort Lee, NJ. The organization was established in 2001. 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-American Contemporary Arts 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 12/2021, Korean-American Contemporary Arts generated $10.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $8.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 7 years. 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
2021
Describe the Organization's Program Activity:
Part 3
TO PROMOTE THE VISUAL ARTS OF KOREAN-AMERICAN ARTISTS THROUGH PAMPHLETS, LECTURES, COMPETITIONS, EXHIBITIONS AND OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenny Kim Pres | 5 | $0 | |
David Lee V. Pres | 1 | $0 | |
Sung Hye Kim V. Pres | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,121 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $10,121 |
| 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 | $500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,398 |
| Total expenses | $8,898 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $12,832 |
| Other assets | $0 |
| Total assets | $12,832 |
| Total liabilities | $0 |
| Net assets or fund balances | $12,832 |
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