Nj Kkottongnae Inc
- Assets
- $3.0m
- Revenue
- $741.0k
- Investments
- $777.3k
- Employees
- 0
- Location
- Orange, NJ
- Founding
- 09/2010
- Data as of
- 12/2021
- EIN
- 27-3237915
Organization Overview
Nj Kkottongnae Inc is located in Orange, NJ. The organization was established in 2010. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. NJ Kkottongnae 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 12/2021, NJ Kkottongnae Inc generated $741.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.6% each year . All expenses for the organization totaled $234.4k during the year ending 12/2021. While expenses have increased by 16.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION HAS BEEN FORMED TO RAISE FUNDS TO PROVIDE FOR THE FEEDING, CLOTHING AND RELIEF FACILITIES IN SUPPORT OF THE ROMAN CATHOLIC FOREIGN MISSION; PUBLIC CHARITIES; MEDICAL MISSIONS; CATHOLIC SCHOOL AND RELIGIOUS EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING FOOD, CLOTHING AND RELIEF FACILITIES IN SUPPORT OF THE ROMAN CATHOLIC MISSION.
DEPRECIATION EXPENSES FOR BUILDING & AUTOMOBILES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Augustine Hwang Vice Preside | Officer | 10 | $0 |
Stephen J Choi Trustee | Officer | 10 | $0 |
John Woong-Jin Oh President | Officer | 10 | $0 |
Sister James Young Hee Soon Secretary&tr | Officer | 40 | $0 |
Sister Simon Suk Ja Yoon Trustee | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $398,100 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $342,827 |
| Noncash contributions included in lines 1a–1f | $398,100 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $740,927 |
| Total Program Service Revenue | $0 |
| Investment income | $106 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $741,033 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $240 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,797 |
| Office expenses | $5,750 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,937 |
| Travel | $1,700 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $105,029 |
| Depreciation, depletion, and amortization | $35,177 |
| Insurance | $16,558 |
| All other expenses | $9,186 |
| Total functional expenses | $234,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,707 |
| Savings and temporary cash investments | $139,636 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,828,761 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $777,343 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,951,447 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,720,651 |
| Net assets with donor restrictions | $1,230,796 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,951,447 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nj Kkottongnae Inc has recieved totaling $17,100.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $17,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Comic Relief Inc New York, NY | $28,941,799 | $35,831,552 |
Anabaptist Foundation Lewisburg, PA | $47,495,861 | $36,276,504 |
The Lenfest Inst For Journalism Spe Asset Fund Of The Phl Foundation Philadelphia, PA | $99,634,192 | $14,397,650 |
Clara Lionel Foundation New York, NY | $44,086,810 | $23,596,509 |
Visionspring New York, NY | $15,269,850 | $12,679,680 |
America Gives Inc New York, NY | $1,069,288 | $7,827,978 |
Grant Recommendation Fund Spring Valley, NY | $460,055 | $4,767,095 |
Yougivegoods Foundation Inc Mendham, NJ | $162,103 | $4,310,625 |
Passavant Hospital Foundation Pittsburgh, PA | $52,435,888 | $5,249,843 |
The Essential Foundation Fka Aqua Charitable Trust Bryn Mawr, PA | $32,073,281 | $19,000,000 |
Bikoff Foundation Whitestone, NY | $65,723,002 | $14,790,071 |
Giving Tuesday Inc Brooklyn, NY | $1,987,227 | $3,527,479 |