Civic Intelligence

Korean American Medical

EIN 26-2851129 • 501(c)3 • Englewood Cliffs, NJ

Profile

The purposes for which the corporation is formed are to provide both domestic and foreign support to doctors, medical students, and other healthcare providers deserving of assistance. More specifically, the purposes of the corporation shall include the following: (i) providing funding and support to disadvantaged students seeking an edcuation in the medical field; (ii) scholarships and fellowships to medical students and doctors and providing training through various exchange programs; (iii) distributing medical equipment, materials, and supplies to healthcare providers in need of assistance; (iv) supporting other organizations that provide the foregoing services consistent with the corporations purposes; and (v) to do any other act or thing necessary or incidental to or connected with the foregoing purposes or in advancement thereof, but not for the pecuniary profit or financial gain of its members, if any, directors, officers, except as permitted under maryland law.

464 Hudson Terrace Ste 201Englewood Cliffs, NJ 07632

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

3rd percentile

-1466%

Higher net margin than 3% of similar nonprofits.

NTEE B82 • <$500k nonprofits • Source year 2024

Top Officer Pay

95th percentile

$0

Higher top officer pay than 95% of similar nonprofits.

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

NTEE B82 • <$500k nonprofits • Source year 2024

Asset Growth

5th percentile

-69%

Faster asset growth than 5% of similar nonprofits.

NTEE B82 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

20th percentile

-45%

Faster revenue growth than 20% of similar nonprofits.

NTEE B82 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$38,665

Down $87,637 (-69%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$38,665

Down $87,637 (-69%) from 2023

Revenue

Down

$5,978

Down $4,826 (-45%) from 2023

Expenses

Up

$93,615

Up $65,758 (+236%) from 2023

Net Income

Down

-$87,637

Down $70,584 (-414%) from 2023

Trend Graphs

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2014: $22,823Net Assets 2014: $22,8232014Assets 2015: $24,767Net Assets 2015: $24,7672015Assets 2016: $20,979Net Assets 2016: $20,9792016Assets 2017: $34,333Net Assets 2017: $34,3332017Assets 2018: $61,851Net Assets 2018: $61,8512018Assets 2019: $79,100Net Assets 2019: $79,1002019Assets 2020: $119,524Net Assets 2020: $119,5242020Assets 2021: $116,680Net Assets 2021: $116,6802021Assets 2022: $143,355Net Assets 2022: $143,3552022Assets 2023: $126,302Net Assets 2023: $126,3022023Assets 2024: $38,665Net Assets 2024: $38,6652024

Highlighted filing

2024

Assets$38,665
Liabilities-
Net Assets$38,665

Operations Trend

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

$200K$100K$0-$100KRevenue 2014: $141,518Expenses 2014: $118,861Net Income 2014: $22,6572014Revenue 2015: $45,250Expenses 2015: $43,307Net Income 2015: $1,9432015Revenue 2016: $1,600Expenses 2016: $5,388Net Income 2016: -$3,7882016Revenue 2017: $62,031Expenses 2017: $48,677Net Income 2017: $13,3542017Revenue 2018: $32,914Expenses 2018: $5,397Net Income 2018: $27,5172018Revenue 2019: $50,293Expenses 2019: $33,044Net Income 2019: $17,2492019Revenue 2020: $102,497Expenses 2020: $62,073Net Income 2020: $40,4242020Revenue 2021: $4,595Expenses 2021: $7,438Net Income 2021: -$2,8432021Revenue 2022: $29,500Expenses 2022: $2,825Net Income 2022: $26,6752022Revenue 2023: $10,804Expenses 2023: $27,857Net Income 2023: -$17,0532023Revenue 2024: $5,978Expenses 2024: $93,615Net Income 2024: -$87,6372024

Highlighted filing

2024

Revenue$5,978
Expenses$93,615
Net Income-$87,637

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.0
Gross Receipts
$5,978
Mission and Program Overview

Mission

The purposes for which the corporation is formed are to provide both domestic and foreign support to doctors, medical students and other healthcare providers deserving of assistance. More specifically, the purposes of the corporation shall include the following: (i) providing funding and support to disadvantaged students seeking an education in the medical field; (ii) scholarships and fellowinship to medical stduents and doctors and providing training through various exchange programs; (iv) distributing medical equipment, materials and supplies to heathcare providers in need of assistance; (v) supporting other organizations that provide the foregoing services consistent with the corporation's purposes; and (vi) to do any other act or thing necessary or incidental to or connected with the foregoing purposes or in advancement thereof, but not for the pecuniary profit or financial gain of its members, if any, directors, officers, excepts as permitted under maryland law.

The purposes for which the corporation is formed are to provide both domestic and foreign support to doctors, medical students, and other healthcare providers deserving of assistance. More specifically, the purposes of the corporation shall include the following: (i) providing funding and support to disadvantaged students seeking an edcuation in the medical field; (ii) scholarships and fellowships to medical students and doctors and providing training through various exchange programs; (iii) distributing medical equipment, materials, and supplies to healthcare providers in need of assistance; (iv) supporting other organizations that provide the foregoing services consistent with the corporations purposes; and (v) to do any other act or thing necessary or incidental to or connected with the foregoing purposes or in advancement thereof, but not for the pecuniary profit or financial gain of its members, if any, directors, officers, except as permitted under maryland law.

Program Services

DescriptionGrantsExpenses
TO PROVIDE DOMESTIC AND FOREIGN SUPPORT TO MEDICAL ASSOCIATIONS, DOCTORS, MEDICAL STUDENTS, AND HEALTHCARE PROVIDERS DESERVING OF ASSISTANCE.-$90,084
PROVIDING EDUCATION AND TRAINING TO DOCTORS AND MEDICAL STUDENTS-$350
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CHESTER KOHChairman-$0--
MICHELLE KIMDirector-$0--
JOHN H WONPresident-$0--
BRICE CHOIDirector-$0--
JENNIFER I LEEDirector-$0--
KIRO JOHN YUNDirector-$0--
SUNGUK JANGVice Preside-$0--
Filing and Contact Details

Filer

Filer Name
Korean American Medical
EIN
26-2851129
Phone
2015671434
Address
464 HUDSON TERRACE STE 201, ENGLEWOOD CLIFFS, NJ 07632

Signing Officer

Name
Chester Koh
Title
Chairman
Phone
2015671434
Signed
2025-11-11
Discuss with paid preparer
Yes

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 bank service charge 18 contribution 90,000 convention 72 professional fee 3,150 due and subscription 350 office expense 25 total 93,615

Form 990-ez, Part III

The purposes for which the corporation is formed are to provide both domestic and foreign support to doctors, medical students, and other healthcare providers deserving of assistance. More specifically, the purposes of the corporation shall include the following: (i) providing funding and support to disadvantaged students seeking an edcuation in the medical field; (ii) scholarships and fellowships to medical students and doctors and providing training through various exchange programs; (iii) distributing medical equipment, materials, and supplies to healthcare providers in need of assistance; (iv) supporting other organizations that provide the foregoing services consistent with the corporations purposes; and (v) to do any other act or thing necessary or incidental to or connected with the foregoing purposes or in advancement thereof, but not for the pecuniary profit or financial gain of its members, if any, directors, officers, except as permitted under maryland law.

Form 990-ez, Part III, Line 31

Providing education and training to doctors and medical students

Raw XML Appendix140 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PURPOSES FOR WHICH THE CORPORATION IS FORMED ARE TO PROVIDE BOTH DOMESTIC AND FOREIGN SUPPORT TO DOCTORS, MEDICAL STUDENTS, AND OTHER HEALTHCARE PROVIDERS DESERVING OF ASSISTANCE. MORE SPECIFICALLY, THE PURPOSES OF THE CORPORATION SHALL INCLUDE THE FOLLOWING: (I) PROVIDING FUNDING AND SUPPORT TO DISADVANTAGED STUDENTS SEEKING AN EDCUATION IN THE MEDICAL FIELD; (II) SCHOLARSHIPS AND FELLOWSHIPS TO MEDICAL STUDENTS AND DOCTORS AND PROVIDING TRAINING THROUGH VARIOUS EXCHANGE PROGRAMS; (III) DISTRIBUTING MEDICAL EQUIPMENT, MATERIALS, AND SUPPLIES TO HEALTHCARE PROVIDERS IN NEED OF ASSISTANCE; (IV) SUPPORTING OTHER ORGANIZATIONS THAT PROVIDE THE FOREGOING SERVICES CONSISTENT WITH THE CORPORATIONS PURPOSES; AND (V) TO DO ANY OTHER ACT OR THING NECESSARY OR INCIDENTAL TO OR CONNECTED WITH THE FOREGOING PURPOSES OR IN ADVANCEMENT THEREOF, BUT NOT FOR THE PECUNIARY PROFIT OR FINANCIAL GAIN OF ITS MEMBERS, IF ANY, DIRECTORS, OFFICERS, EXCEPT AS PERMITTED UNDER MARYLAND LAW.
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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