Praise Korean Cultural Community Center in Somerset, New Jersey (NJ)
Table of contents:
| Praise Korean Cultural Community Center | |
| Employer Identification Number (EIN) | 261078933 |
| Name of Organization | Praise Korean Cultural Community Center |
| In Care of Name | Myunghee Cho Paik |
| Address | 15 Cedar Grove Ln, Somerset, NJ 08873-1377 |
| Subsection | Educational Organization |
| Ruling Date | 01/2010 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2014 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $37,423 |
| Amount of Income | $106,864 |
| Form 990 Revenue Amount | $106,864 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Education (Not Elsewhere Classified) |
Non-representatives - add comments:
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||||
| 2009 | 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|---|
| Total revenue | $100,530 | $83,150 | $69,380 | $81,735 | $89,473 |
| Contributions, gifts, grants, and similar amounts received | $50,070 | $35,510 | $38,673 | $46,445 | $52,403 |
| Program service revenue including government fees and contracts | $47,215 | $47,640 | $30,707 | $35,290 | $37,070 |
| Membership dues and assessments | $0 | $0 | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 | $0 |
| Other revenue | $3,245 | $0 | $0 | $0 | $0 |
| Total expenses | $81,146 | $71,753 | $73,520 | $91,832 | $92,121 |
| Total net assets | $39,455 | $50,852 | $46,712 | $36,615 | $33,967 |
| Excess/Deficit for the year | $19,384 | $11,397 | $-4,140 | $-10,097 | $-2,648 |
| Net assets or fund balances at beginning of year | $20,071 | $39,455 | $50,852 | $46,712 | $36,615 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $36,615 | $33,967 | |||
| Balance Sheets | |||||
| 2009 | 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|---|
| Total assets | $39,455 | $50,852 | $46,712 | $36,615 | $33,967 |
| Total liabilities | $0 | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $39,455 | $50,852 | $46,712 | $36,615 | $33,967 |
| Other Information | |||||
| 2009 | 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |||
| Were any significant changes made to the organizing or governing documents? | No | No | |||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |||
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |||
| Amount of political expenditures, direct or indirect | $0 | $0 | |||
| Did the organization file Form 1120-POL for this year? | No | No | |||
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |||
| Total amount involved | $0 | $0 | |||
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |||
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $215,601 |
| Subtotal Support | $215,601 |
| Gifts, grants, contributions, and membership fees received | $215,601 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $215,601 |
| Public Support | $215,601 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $37,070 |
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| 6 | Power Praise & Deliverance Ministry | PO BOX 1218, Millville, NJ 08332-8218 | NJ | 1988-08 | $0 |
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| 8 | Pr-More Family Association Inc | 6 Sunset Ter, Newton, NJ 07860-2729 | NJ | 2009-09 | $0 |
| 9 | Praise & Joy Tabernacle Righteous Church Of God Inc | 114 Hudson St, Newark, NJ 07103-2865 | NJ | 2011-02 | $0 |
| 10 | Praise Assembly | PO BOX 206, Garfield, NJ 07026-0206 | NJ | 1964-08 | $0 |
| 11 | Praise Korean Cultural Community Center | 15 Cedar Grove Ln, Somerset, NJ 08873-1377 | NJ | 2010-01 | $106,864 |
| 12 | Praise Presbyterian Church Inc | 15 Cedar Grove Ln, Somerset, NJ 08873-1377 | NJ | 1990-11 | $0 |
| 13 | Praise Tabernacle | PO BOX 7734, Ewing, NJ 08628-0734 | NJ | 1972-10 | $0 |
| 14 | Praise Tabernacle & Worship Center | 384 Glenwood Ave, East Orange, NJ 07017-3201 | NJ | 2000-11 | $0 |
| 15 | Praise Tabernacle Christian Fellowship, Christian Fellowship | 61 Stiles Ave Ste A, Haddonfield, NJ 08033-2402 | NJ | 1996-01 | $0 |
| 16 | Praise Tabernacle Ministries Int | 350 Leland Ave, Plainfield, NJ 07062-1645 | NJ | 2005-03 | $0 |
| 17 | Praise Temple Asbury Park Inc | 505 Marc Dr, Lakewood, NJ 08701-5113 | NJ | 1999-09 | $0 |
| 18 | Praise Temple Interdenominational Church Of God | PO BOX 1575, Linden, NJ 07036-0006 | NJ | 1997-04 | $0 |
| 19 | Praise The Lord Worhsip Center Inc, Ptl Ministries | 25 Eagen Ln, Willingboro, NJ 08046-2301 | NJ | 2008-09 | $0 |
| 20 | Pranavi Foundation Inc | PO BOX 582, New Vernon, NJ 07976-0582 | NJ | 2011-06 | $327,005 |
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