Civic Intelligence

Korea Music Foundation Inc

EIN 13-3255396 • 501(c)3 • Nyack, NY

Profile

To stimulate public interest in good music, to offer an opportunity to those interested in music to perform musical compositions of merit

50 Village Gate WayNyack, NY 10960

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

62nd percentile

8.5%

Higher net margin than 62% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$65,842

Up $13,081 (+25%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$65,842

Up $13,081 (+25%) from 2023

Operations
Liabilities / RevenueScore unavailableNet Margin62nd percentile

Revenue

Up

$153,747

Up $20,777 (+16%) from 2023

Expenses

Up

$140,666

Up $51,372 (+58%) from 2023

Net Income

Down

$13,081

Down $30,595 (-70%) from 2023

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$80K$60K$40K$20K$0Assets 2010: $61,159Liabilities 2010: $4,183Net Assets 2010: $56,9762010Assets 2011: $60,217Liabilities 2011: $2,453Net Assets 2011: $57,7642011Assets 2012: $59,865Liabilities 2012: $2,453Net Assets 2012: $57,4122012Assets 2013: $49,607Liabilities 2013: $0Net Assets 2013: $49,6072013Assets 2014: $62,890Liabilities 2014: $0Net Assets 2014: $62,8902014Assets 2023: $52,761Liabilities 2023: $0Net Assets 2023: $52,7612023Assets 2024: $65,842Net Assets 2024: $65,8422024

Highlighted filing

2024

Assets$65,842
Liabilities-
Net Assets$65,842
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$200K$150K$100K$50K$0-$50KExpenses 2010: $120,2732010Revenue 2011: $44,671Expenses 2011: $43,883Net Income 2011: $7882011Expenses 2012: $45,7092012Revenue 2013: $43,134Expenses 2013: $50,939Net Income 2013: -$7,8052013Revenue 2014: $74,796Expenses 2014: $61,513Net Income 2014: $13,2832014Revenue 2023: $132,970Expenses 2023: $89,294Net Income 2023: $43,6762023Revenue 2024: $153,747Expenses 2024: $140,666Net Income 2024: $13,0812024

Highlighted filing

2024

Revenue$153,747
Expenses$140,666
Net Income$13,081
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$65,842
Liabilities
-
Net assets
$65,842
Revenue
$153,747
Expenses
$140,666
Net income
$13,081
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.66$0.66$1.54$1.41$0.13
2023Detailed filing. Detailed filing data is available for this year.$0.53$0.00$0.53$1.33$0.89$0.44
2014Detailed filing. Detailed filing data is available for this year.$0.63$0.00$0.63$0.75$0.62$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.00$0.50$0.43$0.51$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.02$0.57$0.46
2011Summary only. Only limited summary data is available for this year.$0.60$0.02$0.58$0.45$0.44$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.04$0.57$1.20
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 23, 2025
Return Version
2024v5.0
Gross Receipts
$153,747
Mission and Program Overview

Mission

To promote an appreciation and understanding of cultural music.

To stimulate public interest in good music, to offer an opportunity to those interested in music to perform musical compositions of merit

Program Services

DescriptionGrantsExpenses
TO STIMULATE PUBLIC INTEREST IN GOOD MUSIC, TO OFFER AN OPPORTUNITY TO THOSE INTERESTED IN MUSIC TO PERFORM MUSICAL COMPOSITIONS OF MERIT-$137,236
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
KYUNG HEE KIMPresident-$0--
TAEJA KIMExecutive Bo-$0--
SUNGHEE CHOTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Korea Music Foundation Inc
EIN
13-3255396
Phone
2017045800
Address
50 VILLAGE GATE WAY, NYACK, NY 10960

Signing Officer

Name
Kyung Hee Kim
Title
President
Phone
2017045800
Signed
2025-10-23

Preparer

Firm
Minyong Song CPA Pc
Address
210-08 NORTHERN BLVD STE 5, BAYSIDE, NY 11361
Preparer
Minyong Song CPA
Phone
7186310600
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses advertising expenses 4,287 office expenses 2,009 total 6,296”

Form 990-ez, Part III

“To stimulate public interest in good music, to offer an opportunity to those interested in music to perform musical compositions of merit”

Raw XML Appendix122 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
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IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0KOREA MUSIC FOUNDATION INC
IRS990EZ/BooksInCareOfDetail/PhoneNum02017045800
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt050 VILLAGE GATE WAY
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0NYACK
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd010960
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt052761
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt065842
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0153747
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt013081
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0134370
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
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IRS990EZ/GrossReceiptsAmt0153747
IRS990EZ/InfoInScheduleOPartIIIInd0X
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IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt052761
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IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt052761
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1000.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0KYUNG HEE KIM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1TAEJA KIM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2SUNGHEE CHO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1EXECUTIVE BO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt06296
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO STIMULATE PUBLIC INTEREST IN GOOD MUSIC, TO OFFER AN OPPORTUNITY TO THOSE INTERESTED IN MUSIC TO PERFORM MUSICAL COMPOSITIONS OF MERIT
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO STIMULATE PUBLIC INTEREST IN GOOD MUSIC, TO OFFER AN OPPORTUNITY TO THOSE INTERESTED IN MUSIC TO PERFORM MUSICAL COMPOSITIONS OF MERIT
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0137236
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0140666
IRS990EZ/TotalProgramServiceExpensesAmt0137236
IRS990EZ/TotalRevenueAmt0153747
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0HTTPS://KOREAMUSICFOUNDATION.ORG/
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0153747
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0132797
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt07947
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0294491
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0294491
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0153747
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0132797
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt07947
IRS990ScheduleA/Total509Grp/TotalAmt0294491
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0153747
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0132797
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt07947
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0294491
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING EXPENSES 4,287 OFFICE EXPENSES 2,009 TOTAL 6,296
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO STIMULATE PUBLIC INTEREST IN GOOD MUSIC, TO OFFER AN OPPORTUNITY TO THOSE INTERESTED IN MUSIC TO PERFORM MUSICAL COMPOSITIONS OF MERIT
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KYUNG HEE KIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02017045800
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KOREA MUSIC FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0KORE
ReturnHeader/Filer/EIN0133255396
ReturnHeader/Filer/PhoneNum02017045800
ReturnHeader/Filer/USAddress/AddressLine1Txt050 VILLAGE GATE WAY
ReturnHeader/Filer/USAddress/CityNm0NYACK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010960
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201327468
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0210-08 NORTHERN BLVD STE 5
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BAYSIDE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011361
ReturnHeader/PreparerPersonGrp/PhoneNum07186310600
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MINYONG SONG CPA
ReturnHeader/ReturnTs02025-10-30T11:49:11-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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