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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lee Yongho President | 0 | $0 | |
Kim Dong W Treasurer | 0 | $0 |
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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