Civic Intelligence

Korean Register of Shipping Inc

EIN 06-1296306 • 501(c)6 • Norwood, NJ

Profile

To promote the safety of life and property at sea by setting standards of safety. Improving existing standards and organizing them on a global basis

51 Burlington StreetNorwood, NJ 07648
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

68th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE M • <$500k nonprofits • Source year 2024

Liabilities / Revenue

68th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE M • <$500k nonprofits • Source year 2024

Net Margin

57th percentile

17%

Higher net margin than 57% of similar nonprofits.

NTEE M • <$500k nonprofits • Source year 2024

Top Officer Pay

98th percentile

$30,000

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 11.4% of source-year revenue.

NTEE M • <$500k nonprofits • Source year 2024

Asset Growth

92nd percentile

60%

Faster asset growth than 92% of similar nonprofits.

NTEE M • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

26th percentile

-23%

Faster revenue growth than 26% of similar nonprofits.

NTEE M • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$105,323

Up $39,687 (+60%) from 2023

Liabilities

Down

$0

Down $4,374 (-100%) from 2023

Net Assets

Up

$105,323

Up $44,061 (+72%) from 2023

Operations
Liabilities / Revenue68th percentileNet Margin57th percentile

Revenue

Down

$264,064

Down $77,219 (-23%) from 2023

Expenses

Down

$220,003

Down $116,679 (-35%) from 2023

Net Income

Up

$44,061

Up $39,460 (+858%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth92nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2011: $22,195Liabilities 2011: $3,190Net Assets 2011: $19,0052011Assets 2012: $29,919Liabilities 2012: $7,379Net Assets 2012: $22,5402012Assets 2013: $23,140Liabilities 2013: $3,052Net Assets 2013: $20,0882013Assets 2014: $35,576Liabilities 2014: $3,041Net Assets 2014: $32,5352014Assets 2015: $58,707Liabilities 2015: $2,669Net Assets 2015: $56,0382015Assets 2016: $30,541Liabilities 2016: $2,872Net Assets 2016: $27,6692016Assets 2017: $16,099Liabilities 2017: $3,555Net Assets 2017: $12,5442017Assets 2018: $25,926Liabilities 2018: $4,076Net Assets 2018: $21,8502018Assets 2019: $51,600Liabilities 2019: $3,805Net Assets 2019: $47,7952019Assets 2020: $61,210Liabilities 2020: $3,805Net Assets 2020: $57,4052020Assets 2021: $61,005Liabilities 2021: $4,863Net Assets 2021: $56,1422021Assets 2022: $61,524Liabilities 2022: $4,863Net Assets 2022: $56,6612022Assets 2023: $65,636Liabilities 2023: $4,374Net Assets 2023: $61,2622023Assets 2024: $105,323Liabilities 2024: $0Net Assets 2024: $105,3232024

Highlighted filing

2024

Assets$105,323
Liabilities$0
Net Assets$105,323
Open 2024 Filing

Operations Trend

Revenue Growth26th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $316,232Expenses 2011: $319,168Net Income 2011: -$2,9362011Revenue 2012: $372,186Expenses 2012: $368,651Net Income 2012: $3,5352012Revenue 2013: $350,450Expenses 2013: $352,899Net Income 2013: -$2,4492013Revenue 2014: $385,521Expenses 2014: $356,974Net Income 2014: $28,5472014Revenue 2015: $414,532Expenses 2015: $391,029Net Income 2015: $23,5032015Revenue 2016: $409,139Expenses 2016: $437,508Net Income 2016: -$28,3692016Revenue 2017: $425,436Expenses 2017: $440,561Net Income 2017: -$15,1252017Revenue 2018: $420,000Expenses 2018: $410,694Net Income 2018: $9,3062018Revenue 2019: $435,000Expenses 2019: $409,055Net Income 2019: $25,9452019Revenue 2020: $406,944Expenses 2020: $397,334Net Income 2020: $9,6102020Revenue 2021: $400,915Expenses 2021: $402,178Net Income 2021: -$1,2632021Revenue 2022: $361,000Expenses 2022: $360,481Net Income 2022: $5192022Revenue 2023: $341,283Expenses 2023: $336,682Net Income 2023: $4,6012023Revenue 2024: $264,064Expenses 2024: $220,003Net Income 2024: $44,0612024

Highlighted filing

2024

Revenue$264,064
Expenses$220,003
Net Income$44,061
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$105,323
Liabilities
$0
Net assets
$105,323
Revenue
$264,064
Expenses
$220,003
Net income
$44,061
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.05$0.00$1.05$2.64$2.20$0.44
2023Detailed filing. Detailed filing data is available for this year.$0.66$0.04$0.61$3.41$3.37$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.62$0.05$0.57$3.61$3.60$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.05$0.56$4.01$4.02$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.61$0.04$0.57$4.07$3.97$0.10
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.52$0.04$0.48$4.35$4.09$0.26
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.26$0.04$0.22$4.20$4.11$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.16$0.04$0.13$4.25$4.41$0.15
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.31$0.03$0.28$4.09$4.38$0.28
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.59$0.03$0.56$4.15$3.91$0.24
2014Detailed filing. Detailed filing data is available for this year.$0.36$0.03$0.33$3.86$3.57$0.29
2013Summary only. Only limited summary data is available for this year.$0.23$0.03$0.20$3.50$3.53$0.02
2012Summary only. Only limited summary data is available for this year.$0.30$0.07$0.23$3.72$3.69$0.04
2011Summary only. Only limited summary data is available for this year.$0.22$0.03$0.19$3.16$3.19$0.03
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 5, 2024
Return Version
2023v5.0
Gross Receipts
$341,283
Mission and Program Overview

Mission

To promote the safety of life and property at sea by setting standards of safety, improving existing standards and by organizing them on a global basis.

To promote the safety of life and property at sea by setting standards of safety. Improving existing standards and organizing them on a global basis

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$56,661$61,262▲ $4,601
Cash and Non-Interest-Bearing Accounts$31,196$40,458▲ $9,262
Land, Buildings, and Equipment, Net$23,178$18,028▼ $5,150
Total Assets$61,524$65,636▲ $4,112
Other Assets Total$7,150$7,150→ $0
Liabilities
Other Liabilities$4,863$4,374▼ $489
Total Liabilities$4,863$4,374▼ $489
Net Assets / Fund Balance
Total Net Assets Fund Balance$56,661$61,262▲ $4,601
Total Liabilities and Net Assets / Fund Balance$61,524$65,636▲ $4,112

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$18,028$20,807$38,835
Other Assets Org$7,150--
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Yangil KimPresidentFT$60,000$60,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$341,283
Change in Net Assets
$4,601
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$200,762
Salaries, Compensation, and Employee Benefits$135,920
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$107,512--$107,512
Other Salaries and Wages$70,000--$70,000
Current Officers, Directors, Trustees, and Key Employees$60,000--$60,000
Occupancy$47,700--$47,700
Payroll Taxes$5,920--$5,920
Insurance$5,268--$5,268
Depreciation Depletion$5,150--$5,150
Conferences and Meetings$4,203--$4,203
Office Expenses$4,115--$4,115
Fees for Services Legal$3,080--$3,080
Fees for Services Accounting$2,640--$2,640
Other Expenses$2,056--$2,056
Total Functional Expenses$336,682$0$0$336,682
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Payable$4,374
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“A copy of the organization's final form 990 as ultimately filed with the irs is reviewed by president before it is filed with the irs”

Form 990, Page 6, Part VI, Line 15A

“Line 15a and 15b - the organization has two employees ( president & inspector) and their saleries are determinied by the compansation committee in eadquarters based on the data as to the comparable compansation for similarly qualified persons in fuctionally qualified persons in functionally comparable positions once a year, generally at the begining of the year”

Form 990, Page 6, Part VI, Line 19

“Form 990 is avaliable to the public for inspection at the office upon request”

Filing and Contact Details

Filer

Filer Name
Korean Register of Shipping Inc
EIN
06-1296306
Phone
2017848886
Address
51 BURLINGTON STREET, NORWOOD, NJ 07648

Signing Officer

Name
Yangil Kim
Title
President
Phone
2017848886
Signed
2024-06-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Yangil Kim
Formed
1990
Legal Domicile
Nj
Voting Board Members
1
Independent Board Members
1
Employees
2

Preparer

Firm
Michael Kwon CPA Pc
Address
2050 CENTER AVE SUITE 515, FORT LEE, NJ 07024
Preparer
Michael Kwon
Phone
2019478500
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Program service expense:51,148. Grants and allocation:0, revenuse:0, all other expenses to achieve the organization's exempt purpose from form 990.”

Raw XML Appendix268 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROMOTE THE SAFETY OF LIFE AND PROPERTY AT SEA BY SETTING STANDARDS OF SAFETY. IMPROVING EXISTING STANDARDS AND ORGANIZING THEM ON A GLOBAL BASIS
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0KOREAN REGISTER OF SHIPPING INC
IRS990/BooksInCareOfDetail/PhoneNum02017848886
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt051 BURLINGTON ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0NORWOOD
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990/BooksInCareOfDetail/USAddress/ZIPCd007648
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt031196
IRS990/CashNonInterestBearingGrp/EOYAmt040458
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt060000
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt060000
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt04203
IRS990/ConferencesMeetingsGrp/TotalAmt04203
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0200762
IRS990/CYOtherRevenueAmt0341283
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt04601
IRS990/CYSalariesCompEmpBnftPaidAmt0135920
IRS990/CYTotalExpensesAmt0336682
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0341283
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt05150
IRS990/DepreciationDepletionGrp/TotalAmt05150
IRS990/Desc0TRAVELLED TO ENGAGE IN A WIDE RANGE OF INSPECTION AND TESTS ON THE SHIP'S ARTICLE, EQUIPMENT FOR MARINE POLLUTION PREVENTION AND CONTAINER OF DANGEROUS GOODS, ETC. TO MAINTAIN THEIR HIGHEST QUALITY
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/ExpenseAmt0155212
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt02640
IRS990/FeesForServicesAccountingGrp/TotalAmt02640
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt03080
IRS990/FeesForServicesLegalGrp/TotalAmt03080
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/PersonNm0YANGIL KIM
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt060000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01990
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt01
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0341283
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt05268
IRS990/InsuranceGrp/TotalAmt05268
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt020807
IRS990/LandBldgEquipBasisNetGrp/BOYAmt023178
IRS990/LandBldgEquipBasisNetGrp/EOYAmt018028
IRS990/LandBldgEquipCostOrOtherBssAmt038835
IRS990/LegalDomicileStateCd0NJ
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROMOTE THE SAFETY OF LIFE AND PROPERTY AT SEA BY SETTING STANDARDS OF SAFETY. IMPROVING EXISTING STANDARDS AND ORGANIZING THEM ON A GLOBAL BASIS
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt056661
IRS990/NetAssetsOrFundBalancesEOYAmt061262
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt047700
IRS990/OccupancyGrp/TotalAmt047700
IRS990/OfficeExpensesGrp/ProgramServicesAmt04115
IRS990/OfficeExpensesGrp/TotalAmt04115
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt07150
IRS990/OtherAssetsTotalGrp/EOYAmt07150
IRS990/OtherExpensesGrp/Desc0AUTO(INCLUDING INSURANCE)
IRS990/OtherExpensesGrp/Desc1TELEPHONE & COMMUNICATION
IRS990/OtherExpensesGrp/Desc2OUTSIDE SERVICE
IRS990/OtherExpensesGrp/Desc3UTILITIES
IRS990/OtherExpensesGrp/ProgramServicesAmt011111
IRS990/OtherExpensesGrp/ProgramServicesAmt15763
IRS990/OtherExpensesGrp/ProgramServicesAmt22164
IRS990/OtherExpensesGrp/ProgramServicesAmt32056
IRS990/OtherExpensesGrp/TotalAmt011111
IRS990/OtherExpensesGrp/TotalAmt15763
IRS990/OtherExpensesGrp/TotalAmt22164
IRS990/OtherExpensesGrp/TotalAmt32056
IRS990/OtherLiabilitiesGrp/BOYAmt04863
IRS990/OtherLiabilitiesGrp/EOYAmt04374
IRS990/OtherRevenueMiscGrp/Desc0CONTRIBUTION FROM HEAD QUARTE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0341283
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0341283
IRS990/OtherRevenueTotalAmt0341283
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt070000
IRS990/OtherSalariesAndWagesGrp/TotalAmt070000
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt05920
IRS990/PayrollTaxesGrp/TotalAmt05920
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0YANGIL KIM
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0SALERIES PAID TO CERTIFIED INSPECTORS TO CARRY OUT STATUTORY SERVICES
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0130000
IRS990/ProgSrvcAccomActy3Grp/Desc0RENTAL EXPENSE FOR THE OFFICE
IRS990/ProgSrvcAccomActyOtherGrp/Desc0PROGRAM SERVICE EXPENSE:51,148. GRANTS AND ALLOCATION:0, REVENUSE:0, ALL OTHER EXPENSES TO ACHIEVE THE ORGANIZATION'S EXEMPT PURPOSE FROM FORM 990.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt051470
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYOtherExpensesAmt0176050
IRS990/PYOtherRevenueAmt0361000
IRS990/PYRevenuesLessExpensesAmt0519
IRS990/PYSalariesCompEmpBnftPaidAmt0184431
IRS990/PYTotalExpensesAmt0360481
IRS990/PYTotalRevenueAmt0361000
IRS990/ReconcilationRevenueExpnssAmt04601
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt056661
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt061262
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt07150
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt018028
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt020807
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt038835
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04374
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt018028
IRS990ScheduleD/TotalBookValueOtherAssetsAmt07150
IRS990ScheduleD/TotalLiabilityAmt04374
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROGRAM SERVICE EXPENSE:51,148. GRANTS AND ALLOCATION:0, REVENUSE:0, ALL OTHER EXPENSES TO ACHIEVE THE ORGANIZATION'S EXEMPT PURPOSE FROM FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE ORGANIZATION'S FINAL FORM 990 AS ULTIMATELY FILED WITH THE IRS IS REVIEWED BY PRESIDENT BEFORE IT IS FILED WITH THE IRS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LINE 15A AND 15B - THE ORGANIZATION HAS TWO EMPLOYEES ( PRESIDENT & INSPECTOR) AND THEIR SALERIES ARE DETERMINIED BY THE COMPANSATION COMMITTEE IN EADQUARTERS BASED ON THE DATA AS TO THE COMPARABLE COMPANSATION FOR SIMILARLY QUALIFIED PERSONS IN FUCTIONALLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS ONCE A YEAR, GENERALLY AT THE BEGINING OF THE YEAR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS AVALIABLE TO THE PUBLIC FOR INSPECTION AT THE OFFICE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt061524
IRS990/TotalAssetsEOYAmt065636
IRS990/TotalAssetsGrp/BOYAmt061524
IRS990/TotalAssetsGrp/EOYAmt065636
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0336682
IRS990/TotalFunctionalExpensesGrp/TotalAmt0336682
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04863
IRS990/TotalLiabilitiesEOYAmt04374
IRS990/TotalLiabilitiesGrp/BOYAmt04863
IRS990/TotalLiabilitiesGrp/EOYAmt04374
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt056661
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt061262
IRS990/TotalOtherProgSrvcExpenseAmt051470
IRS990/TotalProgramServiceExpensesAmt0336682
IRS990/TotalReportableCompFromOrgAmt060000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0341283
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0341283
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt061524
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt065636
IRS990/TravelGrp/ProgramServicesAmt0107512
IRS990/TravelGrp/TotalAmt0107512
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt051 BURLINGTON ST
IRS990/USAddress/CityNm0NORWOOD
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007648
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt01
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0YANGIL KIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02017848886
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-06-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KOREAN REGISTER OF SHIPPING INC
ReturnHeader/Filer/BusinessNameControlTxt0KORE
ReturnHeader/Filer/EIN0061296306
ReturnHeader/Filer/PhoneNum02017848886
ReturnHeader/Filer/USAddress/AddressLine1Txt051 BURLINGTON STREET
ReturnHeader/Filer/USAddress/CityNm0NORWOOD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007648
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200845239
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MICHAEL KWON CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02050 CENTER AVE SUITE 515
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FORT LEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007024
ReturnHeader/PreparerPersonGrp/PhoneNum02019478500
ReturnHeader/PreparerPersonGrp/PreparationDt02024-06-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL KWON
ReturnHeader/ReturnTs02024-06-10T15:15:33-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0YANGIL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KIM
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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