Njsangjo Mutual Aid Inc
- Assets
- $0.0
- Revenue
- $357.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Palisades Park, NJ
- Founding
- 04/2019
- Data as of
- 12/2019
- EIN
- 83-1599593
Organization Overview
Njsangjo Mutual Aid Inc is located in Palisades Park, NJ. The organization was established in 2019. According to its NTEE Classification (Y99) the organization is classified as: Mutual & Membership Benefit N.E.C., under the broad grouping of Mutual & Membership Benefit and related organizations. Njsangjo Mutual Aid 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 12/2019, Njsangjo Mutual Aid Inc generated $357.5k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 30.2% each year . All expenses for the organization totaled $326.0k during the year ending 12/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO HELP INDIVIDUALS WHO HAVE SUFFERED FINANCIAL DIFFICULTIES. SPECIFICALLY, IN FULFILLMENT OF OUR CHARITABLE PURPOSES, WE PROVIDE FINANCIAL SUPPORT TO THE FAMILY MEMBERS OF AN INDIVIDUAL WHO HAS PASSED AWAY; PROVIDE FUNDING FOR FUNERAL SERVICE FOR INDIVIDUALS WHO WERE IMPOVERISHED AND LIVING WITHOUT FAMILY AT THE TIME OF THEIR DEATH; PROMOTE CHARITABLE ACTIVITIES BETWEEN OUR MEMBERSHIP AND THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENCOURAGED OUR MEMBERS TO REMAIN ACTIVELY INVOLVED IN THE COMMUNITY, OFTEN FOCUSING ON ACTIVITIES THAT BENEFIT SENIORS; PROVIDED FINANCIAL ASSISTANCE TO MEMBERS' FAMILIES IN ECONOMIC DISTRESS AT THE TIME OF THE MEMBER'S OR FAMILY MEMBER'S DEATH.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yong M Cho Director | OfficerTrustee | $0 | |
Young J Jo Director | OfficerTrustee | $0 | |
Keun H Suh Director | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $34,808 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $322,709 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $357,517 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $357,517 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $293,400 |
| 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 | $12,546 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,698 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,800 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,350 |
| Office expenses | $1,628 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,195 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $724 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $326,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $0 |