Nykbi Inc
- Assets
- $57.9k
- Revenue
- $227.7k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/2019
- Data as of
- 08/2021
- EIN
- 84-3183960
Organization Overview
Nykbi Inc is located in New York, NY. The organization was established in 2019. According to its NTEE Classification (O53) the organization is classified as: Youth Development - Business, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nykbi 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 08/2021, Nykbi Inc generated $227.7k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $227.5k during the year ending 08/2021. 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 PROVIDES NEXT GENERATION YOUTHS AND WOMEN WHO DO NOT HAVE INFORMATION , KNOWLEDGE AND EXPERIENCE ABOUT NEW BUSINESS MANAGMENT WITH CONSULTATION AND PROGRAMS SO THAT THEY MAY START UP VARIOUS BUSINESSES WITHOUT DIFFICULTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORLD OKTA HAS BEEN NURTURING 20,000 TRADE MANPOWER BY HOSTING THE 'NEXT GENERATION TRADE SCHOOL' FOR THE NEXT GENERATION OF OVERSEAS YOUNG TALENTS FOR THE PAST 18 YEARS TO NURTURE THE NEXT GENERATION OF FUTURE BUSINESSMEN. STARTING THIS YEAR, WE WILL OPEN THE 'OKTA PROGRAM' AT DOMESTIC UNIVERSITIES AND LAUNCH THE '300 YOUTH OVERSEAS EMPLOYMENT' CAMPAIGN TO STRENGTHEN PRACTICAL START-UPS, EMPLOYMENT, AND GLOBAL JOB CREATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dae Soo Hong President | Trustee | 20 | $0 |
Mee Hyun Kim Treasurer | Trustee | 20 | $0 |
Wonseok Kim | Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $227,712 |
| 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 | $227,712 |
| Statement of Expenses | |
|---|---|
| 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 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 | $0 |
| 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 | $4,876 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,601 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,768 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $227,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,865 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $57,865 |
| 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 |
| Total liabilities and net assets/fund balances | $57,865 |
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All Things Are Possible Foundation Inc Willingboro, NJ | $482,242 | $308,793 |
Nykbi Inc New York, NY | $57,865 | $227,712 |