Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Praise Korean Cultural Community Center Inc
EIN 26-1078933 • 501(c)3 • Somerset, NJ
Pub. 78 EligibleNTEE B99
Profile
The praise korean cultural community center (hereinafter, "pkccc") was established to support our community's educational needs in korean language and culture specifically targeting 2nd generation korean-americans and local non-korean natives.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
37th percentile
Higher net margin than 37% of similar nonprofits.
Top Officer Pay
83rd percentile
Higher top officer pay than 83% of similar nonprofits.
Top officer pay equals 2.8% of source-year revenue.
Asset Growth
44th percentile
Faster asset growth than 44% of similar nonprofits.
Revenue Growth
57th percentile
Faster revenue growth than 57% of similar nonprofits.
Balance Sheet
Assets
Down$25,857
Down $1,151 (-4.3%) from 2023
Liabilities
-
No earlier filing loaded for comparison.
Net Assets
Down$25,857
Down $1,151 (-4.3%) from 2023
Revenue
Up$146,146
Up $13,666 (+10%) from 2023
Expenses
Up$147,297
Up $1,108 (+0.8%) from 2023
Net Income
Up-$1,151
Up $12,558 (+92%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $25,857
- Liabilities
- -
- Net assets
- $25,857
- Revenue
- $146,146
- Expenses
- $147,297
- Net income
- -$1,151
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- May 10, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $195,727
Mission and Program Overview
Mission
The praise korean cultural community center (hereinafter, "pkccc") was established to support our community's educational needs in korean language and culture specifically targeting 2nd generation korean-americans and local non-korean natives.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| SALARIES WERE PAID TO THE TEACHERS WHO REGULARILY TEACH CLASSES OFFERED BY THE ORGANIZATION. | - | $76,055 |
| IN TEACHING THE KOREAN LANGUAGE, WE OFFER CURRICULUM TO IMPROVE READING AND WRITING SKILLS. THIS IS REINFORCED BY SPEAKING ONLY KOREAN IN OUR SCHOOL EVEN DURING NON-CLASS HOURS. TO PROMOTE THE EDUCATION OF KOREAN CULTURE, WE OFFER CLASSES INCLUDING BUT NOT LIMITED TO ETIQUETTE, GARDENING, TAEKWONDO, BAKING, COOKING, TRADITIONAL ART AND TRADITIONAL DANCE. WE REGULARLY HOST EVENTS OPEN TO THE PUBLIC SUCH AS OUR "KOREAN NATIONAL FOLK DAY" WHERE STUDENTS CAN COMPETE AND PRESENT THEIR LEARNED SKILLS IN RELATION TO KOREAN LANGUAGE AND CULTURE INCLUDING BUT NOT LIMITED TO STORY -TELLING, STORY-WRITING, DRAWING, TAEKWONDO. | - | $71,242 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| SANGHOON LEE | Treasurer/Se | - | $4,160 | - | $4,160 |
| SUNG OK KO | President | - | $3,770 | - | $3,770 |
| JIMMY LEE | Chairman | - | $0 | - | - |
Fundraising, Events, and Gaming
Fundraising Events
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Annual Fund Rai | $57,902 | $57,902 | $49,581 | $8,321 |
| Total Events | $57,902 | $57,902 | $49,581 | $8,321 |
Filing and Contact Details
Filer
- Filer Name
- Praise Korean Cultural Community
- EIN
- 26-1078933
- Phone
- 7328054050
- Address
- 15 CEDAR GROVE LANE, SOMERSET, NJ 08873
Signing Officer
- Name
- Sung Ok Ko
- Title
- President
- Phone
- 7328054050
- Signed
- 2025-05-10
Preparer
- Firm
- Lk Cpas LLC
- Address
- 38 W 32ND ST STE 1100, NEW YORK, NY 10001-3879
- Preparer
- Hye Lee
- Phone
- 6099199207
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses educational operation 56,254 office expense 14,988 total 71,242”
Form 990-ez, Part III
“The praise korean cultural community center (hereinafter, "pkccc") was established to support our community's educational needs in korean language and culture specifically targeting 2nd generation korean-americans and local non-korean natives.”
Form 990-ez, Part III, Line 28
“In teaching the korean language, we offer curriculum to improve reading and writing skills. This is reinforced by speaking only korean in our school even during non-class hours. To promote the education of korean culture, we offer classes including but not limited to etiquette, gardening, taekwondo, baking, cooking, traditional art and traditional dance. We regularly host events open to the public such as our "korean national folk day" where students can compete and present their learned skills in relation to korean language and culture including but not limited to story -telling, story-writing, drawing, taekwondo.”
Form 990-ez, Part III, Line 31
“Salaries were paid to the teachers who regularily teach classes offered by the organization.”
Raw XML Appendix139 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.
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| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE PRAISE KOREAN CULTURAL COMMUNITY CENTER (HEREINAFTER, "PKCCC") WAS ESTABLISHED TO SUPPORT OUR COMMUNITY'S EDUCATIONAL NEEDS IN KOREAN LANGUAGE AND CULTURE SPECIFICALLY TARGETING 2ND GENERATION KOREAN-AMERICANS AND LOCAL NON-KOREAN NATIVES. |
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| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
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| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 8321 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
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| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES EDUCATIONAL OPERATION 56,254 OFFICE EXPENSE 14,988 TOTAL 71,242 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE PRAISE KOREAN CULTURAL COMMUNITY CENTER (HEREINAFTER, "PKCCC") WAS ESTABLISHED TO SUPPORT OUR COMMUNITY'S EDUCATIONAL NEEDS IN KOREAN LANGUAGE AND CULTURE SPECIFICALLY TARGETING 2ND GENERATION KOREAN-AMERICANS AND LOCAL NON-KOREAN NATIVES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | IN TEACHING THE KOREAN LANGUAGE, WE OFFER CURRICULUM TO IMPROVE READING AND WRITING SKILLS. THIS IS REINFORCED BY SPEAKING ONLY KOREAN IN OUR SCHOOL EVEN DURING NON-CLASS HOURS. TO PROMOTE THE EDUCATION OF KOREAN CULTURE, WE OFFER CLASSES INCLUDING BUT NOT LIMITED TO ETIQUETTE, GARDENING, TAEKWONDO, BAKING, COOKING, TRADITIONAL ART AND TRADITIONAL DANCE. WE REGULARLY HOST EVENTS OPEN TO THE PUBLIC SUCH AS OUR "KOREAN NATIONAL FOLK DAY" WHERE STUDENTS CAN COMPETE AND PRESENT THEIR LEARNED SKILLS IN RELATION TO KOREAN LANGUAGE AND CULTURE INCLUDING BUT NOT LIMITED TO STORY -TELLING, STORY-WRITING, DRAWING, TAEKWONDO. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | SALARIES WERE PAID TO THE TEACHERS WHO REGULARILY TEACH CLASSES OFFERED BY THE ORGANIZATION. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART III, LINE 28 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III, LINE 31 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | SUNG OK KO |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7328054050 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-05-10 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | PRAISE KOREAN CULTURAL COMMUNITY |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | CENTER INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | PRAI |
| ReturnHeader/Filer/EIN | 0 | 261078933 |
| ReturnHeader/Filer/PhoneNum | 0 | 7328054050 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 15 CEDAR GROVE LANE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | SOMERSET |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NJ |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 08873 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 838219264 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | LK CPAS LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 38 W 32ND ST STE 1100 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | NEW YORK |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 100013879 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6099199207 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-05-13 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | HYE LEE |
| ReturnHeader/ReturnTs | 0 | 2025-05-13T16:16:05-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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