New Jersey Korean American Chamber Of Commerce Inc
- Assets
- $5.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Fort Lee, NJ
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 45-4433431
Organization Overview
New Jersey Korean American Chamber Of Commerce Inc, operating under the name The Workd Okta New Jersey, is located in Fort Lee, NJ. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Workd Okta New Jersey 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 12/2023, Workd Okta New Jersey generated $74.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $73.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE NON-BUSINESS AND NON-PUCUNIARY PURPOSE OF THE ORGANIZATION ARE TO PROTECT AND PROMOTE THE INTERESTS OF THOSE WHO ARE ENGAGE IN THE TRADIG INDUSTRY WITHIN THE NEW JERSEYMETRO AREA BY SUPPORTING THE EXCHANGE OF INFORMATION AND KNOWLEDGE AMONGST ITS MEMBERS AND TO ENDEAVOR TO INCULCATE AND MAINTAIN HIGH MORALITY AND FOSTER A SPIRIT OF FRIENDSHIP AND BENEVOLENCE AMONGST ITS MEMBER.
Describe the Organization's Program Activity:
Part 3
TO PROTECT AND PROMOTE THE INTERESTS OF THOSE WHO ARE ENGAGE IN THE TRADIG INDUSTRY WITHIN THE NEW JERSEY METRO AREA BY SUPPORTING THE EXCHANGE OF INFORMATION AND KNOWLEDGE THROUGH SEMINAR AND MEETING AMONGST ITS MEMBERS.
TO ENDEAVOR TO INCULCATE AND MAINTAIN HIGH MORALITY AND FOSTER A SPIRIT OF FRIENDSHIP AND BENEVOLENCE AMONGST ITS MEMBERS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,338 |
| 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 | $74,338 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $73,040 |
| Total expenses | $73,040 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $5,704 |
| Other assets | $0 |
| Total assets | $5,704 |
| Total liabilities | $5,200 |
| Net assets or fund balances | $504 |