New York Korean-American Tennis Association Inc
- Assets
- $12.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bayside, NY
- Founding
- 03/2008
- Data as of
- 09/2023
- EIN
- 20-1728251
Organization Overview
New York Korean-American Tennis Association Inc is located in Bayside, NY. The organization was established in 2008. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Korean-American Tennis Association 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 09/2023, New York Korean-American Tennis Association Inc generated $24.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (16.9%) each year. All expenses for the organization totaled $26.2k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (16.1%) per year over the past 5 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 |
|---|---|---|---|
Young Man Lee President | 2 | $0 | |
Chong-Gwon Park Auditor | 1 | $0 | |
Yeon-Sook Choi Secretary | 1 | $0 | |
Chang-Heum Yeon Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,902 |
| 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 | $24,902 |
| 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 | $3,000 |
| Occupancy, rent, utilities, and maintenance | $8,374 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $14,807 |
| Total expenses | $26,181 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $12,230 |
| Other assets | $0 |
| Total assets | $12,230 |
| Total liabilities | $0 |
| Net assets or fund balances | $12,230 |