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Korean American Chamber Of Commerce In Greater New York Corp

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 273459862 ✦ Flushing, NY ✦ Designated as a 501(c)(6)

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Overview

What is Korean American Chamber Of Commerce In Greater New York Corp?

The Korean American Chamber of Commerce in Greater New York Corporation is a nonprofit organization that primarily supports local Korean businesses by offering practical information and fostering camaraderie among its members. They achieve this goal through various programs designed to provide essential knowledge and strengthen relationships within the community. The organization's mission is to create a supportive environment for Korean businesses in the greater New York area.

Is Korean American Chamber Of Commerce In Greater New York Corp legitimate?

Korean American Chamber Of Commerce In Greater New York Corp is a legitimate nonprofit organization registered as a 501(c)(6) entity. Korean American Chamber Of Commerce In Greater New York Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Korean American Chamber Of Commerce In Greater New York Corp?

The Korean American Chamber of Commerce In Greater New York Corp aims to support locally established Korean businesses by providing them with essential information. The organization also fosters friendly relationships among its members. To achieve this, it sponsors various programs designed to provide necessary information and strengthen bonds within the member community. By doing so, the chamber seeks to create a cohesive network among its members, promoting mutual growth and success for the Korean business community.

Who is the CEO of Korean American Chamber Of Commerce In Greater New York Corp?

Sung K Kim is the Director of Korean American Chamber Of Commerce In Greater New York Corp.

What is the revenue of Korean American Chamber Of Commerce In Greater New York Corp?

Korean American Chamber Of Commerce In Greater New York Corp's revenue in 2022 was $23,800.

Who are the executives of Korean American Chamber Of Commerce In Greater New York Corp and what are their salaries?


There is 1 key member and their salary:


Sung K Kim (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Korean American Chamber Of Commerce In Greater New York Corp?

Korean American Chamber Of Commerce In Greater New York Corp's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Korean American Chamber Of Commerce In Greater New York Corp

The Korean American Chamber of Commerce in Greater New York Corp aims to support locally established Korean businesses by providing them with essential information. This organization strives to foster friendly relationships among its members and encourages a sense of unity within the Korean business community. To achieve this, the Korean American Chamber of Commerce in Greater New York Corp sponsors various programs tailored to meet the needs of its members, thereby facilitating strong bonds among them. These programs aim to equip Korean businesses with the necessary information, thereby enhancing their operational efficiency and competitiveness in the market.

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Impact




October, 2024

The Korean American Chamber of Commerce in Greater New York Corp plays a pivotal role in fostering the growth and sustainability of locally based Korean businesses in the region. By providing practical information and resources, the organization enables its members to navigate the complexities of running a business effectively. Through various sponsored programs, it facilitates the sharing of essential knowledge, best practices, and industry insights, which empowers members to make informed decisions.

Additionally, the Chamber promotes a sense of community among its members, encouraging friendly relations and collaboration. This connectivity enhances networking opportunities, allowing businesses to forge strong partnerships that can lead to innovative projects and shared success. The emphasis on building strong bonds among members not only strengthens individual businesses but also contributes to the overall economic vitality of the Korean-American community in Greater New York.

Through its initiatives, the Korean American Chamber of Commerce significantly impacts the local business landscape, supporting economic development while fostering a vibrant, cooperative community ethos.




This information is meant to be a general summary of Korean American Chamber Of Commerce In Greater New York Corp. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$23,800 (2022)
Expenses
$23,224 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $23,800
  • Gross Receipts: $23,800

Assets and Liabilities:

  • Total Assets: $8,742
  • Total Liabilities: $0
  • Net Assets: $8,742

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM SERVICE REVENUE

Revenue

$23,800

Organization Details

Founding Year

2010

Principal Officer

Sung K Kim

Main Address

45-19 162ND STREET 2FL, FLUSHING, NY, 11358

NTEE Category

Code: S41 - Community improvement

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