American Association Of Korean Medicine Inc
- Assets
- $27.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Leonia, NJ
- Founding
- 06/2018
- Data as of
- 12/2022
- EIN
- 81-3022530
Organization Overview
American Association Of Korean Medicine Inc is located in Leonia, NJ. The organization was established in 2018. According to its NTEE Classification (J03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Association Of Korean Medicine 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 12/2022, American Association Of Korean Medicine Inc generated $10.8k 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 (29.0%) each year. All expenses for the organization totaled $10.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (27.8%) per year over the past 5 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
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION WILL SET THE NETWORKS AMONG THE DOCTORS OF KOREAN MEDICINE, UNDERTAKE EXCHANGE OF ACADEMIC STUDY, PROMOTE THE KOREAN MEDICINE IN THE US., AND SUPPORT AND VOLUNTEER THE MEDICAL DIAGNOSE/TREATMENT ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ho Jung Song President | 2 | $0 | |
Sung M Jung Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,819 |
| 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 | $10,819 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $417 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,300 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,287 |
| Total expenses | $10,004 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $27,067 |
| Other assets | $0 |
| Total assets | $27,067 |
| Total liabilities | $0 |
| Net assets or fund balances | $27,067 |