Liabilities / Assets
59th percentile
Tied with the lowest-debt nonprofits in its peer group.
Sakks Inc
EIN 82-4650046 • 501(c)3 • Olney, MD
Profile
To promote education and related cultural activities
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
61st percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
61st percentile
Higher net margin than 61% of similar nonprofits.
Top Officer Pay
86th percentile
Higher top officer pay than 86% of similar nonprofits.
Top officer pay equals 4.7% of source-year revenue.
Asset Growth
61st percentile
Faster asset growth than 61% of similar nonprofits.
Revenue Growth
60th percentile
Faster revenue growth than 60% of similar nonprofits.
Balance Sheet
Assets
Up$161,242
Up $14,769 (+10%) from 2023
Liabilities
-
No earlier filing loaded for comparison.
Net Assets
Up$161,242
Up $14,769 (+10%) from 2023
Revenue
Up$92,379
Up $16,863 (+22%) from 2023
Expenses
Up$77,609
Up $8,395 (+12%) from 2023
Net Income
Up$14,770
Up $8,468 (+134%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $161,242
- Liabilities
- -
- Net assets
- $161,242
- Revenue
- $92,379
- Expenses
- $77,609
- Net income
- $14,770
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Feb 26, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $92,379
Mission and Program Overview
Mission
To promote education and related cultural activities
Program Services
| Description | Grants | Expenses |
|---|---|---|
| WE OFFERED WEEKEND KOREAN LANGUAGE PROGRAMS TO THE CHILDREN OF IMMIGRANT FAMILY FROM KOREA AND ADULTS INTERESTED IN LEARNING KOREAN LANGUAGE. CLASSES MET FOR 15 WEEKS IN EACH SPRING AND FALL SEMESTER. STUDENTS WERE ENROLLED IN 12 DIFFERENT CLASSES DEPENDING ON THEIR AGES AND LEVELS. IN THE CLASS, THEY WERE TAUGHT KOREAN, KOREAN CULTURE AND HISTORY BY VOLUNTEER TEACHERS. DURING THE ACADEMIC YEAR OF 2024, APPROXIMATELY 125 STUDENTS WERE REGISTERED IN EACH SEMESTER. | - | $61,712 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| IRENE JOUNG | President | - | $8,280 | - | $8,280 |
| ILCHUL YOON | Board Of Tru | - | $0 | - | - |
| SUNHEE KIM | Board Of Tru | - | $0 | - | - |
| HANGKYO LIM | Board Of Tru | - | $0 | - | - |
| SUNHEE CHOI | Board Of Tru | - | $0 | - | - |
| REV MATTHEW MOON SEONG PARK | Board Of Tru | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Sakks Inc
- EIN
- 82-4650046
- Address
- 17615 OLD BALTIMORE RD, OLNEY, MD 20832
Signing Officer
- Name
- Irene Joung
- Title
- President
- Signed
- 2025-02-26
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Ak & Associates Pa
- Address
- 3300 N RIDGE RD SUITE 380, ELLICOTT CITY, MD 21043
- Preparer
- Albert Kim
- Phone
- 4107191000
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses website maintenance 869 seminars & training 2,000 education supplies 1,560 operation expense 2,616 supplies and maintenance 4,680 refund of tuition 465 student meals 7,702 miscellaneous 1,595 temp staff 1,650 donations 2,200 fundraising/event expense 1,020 total 26,357”
Form 990-ez, Part III, Line 28
“We offered weekend korean language programs to the children of immigrant family from korea and adults interested in learning korean language. Classes met for 15 weeks in each spring and fall semester. Students were enrolled in 12 different classes depending on their ages and levels. In the class, they were taught korean, korean culture and history by volunteer teachers. During the academic year of 2024, approximately 125 students were registered in each semester.”
Raw XML Appendix132 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | JIHYUN SHIN |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 8577564617 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 17615 OLD BALTIMORE RD |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | OLNEY |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MD |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 20832 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 146472 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 161242 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 31203 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 14770 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 850 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 146472 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 161242 |
| IRS990EZ/GrossReceiptsAmt | 0 | 92379 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 146472 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 161242 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 146472 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 161242 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 3.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 8280 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | ILCHUL YOON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | SUNHEE KIM |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | HANGKYO LIM |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | SUNHEE CHOI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | REV MATTHEW MOON SEONG PARK |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | IRENE JOUNG |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | BOARD OF TRU |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | BOARD OF TRU |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | BOARD OF TRU |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | BOARD OF TRU |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | BOARD OF TRU |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | PRESIDENT |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 26357 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROMOTE EDUCATION AND RELATED CULTURAL ACTIVITIES |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 67 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 61176 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | WE OFFERED WEEKEND KOREAN LANGUAGE PROGRAMS TO THE CHILDREN OF IMMIGRANT FAMILY FROM KOREA AND ADULTS INTERESTED IN LEARNING KOREAN LANGUAGE. CLASSES MET FOR 15 WEEKS IN EACH SPRING AND FALL SEMESTER. STUDENTS WERE ENROLLED IN 12 DIFFERENT CLASSES DEPENDING ON THEIR AGES AND LEVELS. IN THE CLASS, THEY WERE TAUGHT KOREAN, KOREAN CULTURE AND HISTORY BY VOLUNTEER TEACHERS. DURING THE ACADEMIC YEAR OF 2024, APPROXIMATELY 125 STUDENTS WERE REGISTERED IN EACH SEMESTER. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 61712 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 50335 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 77609 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 61712 |
| IRS990EZ/TotalRevenueAmt | 0 | 92379 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 31203 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 26256 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 26971 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 27102 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 19506 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 131038 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 251943 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 131038 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 31203 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 26256 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 26971 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 27102 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 19506 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 131038 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 131038 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES WEBSITE MAINTENANCE 869 SEMINARS & TRAINING 2,000 EDUCATION SUPPLIES 1,560 OPERATION EXPENSE 2,616 SUPPLIES AND MAINTENANCE 4,680 REFUND OF TUITION 465 STUDENT MEALS 7,702 MISCELLANEOUS 1,595 TEMP STAFF 1,650 DONATIONS 2,200 FUNDRAISING/EVENT EXPENSE 1,020 TOTAL 26,357 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | WE OFFERED WEEKEND KOREAN LANGUAGE PROGRAMS TO THE CHILDREN OF IMMIGRANT FAMILY FROM KOREA AND ADULTS INTERESTED IN LEARNING KOREAN LANGUAGE. CLASSES MET FOR 15 WEEKS IN EACH SPRING AND FALL SEMESTER. STUDENTS WERE ENROLLED IN 12 DIFFERENT CLASSES DEPENDING ON THEIR AGES AND LEVELS. IN THE CLASS, THEY WERE TAUGHT KOREAN, KOREAN CULTURE AND HISTORY BY VOLUNTEER TEACHERS. DURING THE ACADEMIC YEAR OF 2024, APPROXIMATELY 125 STUDENTS WERE REGISTERED IN EACH SEMESTER. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART III, LINE 28 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | IRENE JOUNG |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-02-26 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | SAKKS INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | SAKK |
| ReturnHeader/Filer/EIN | 0 | 824650046 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 17615 OLD BALTIMORE RD |
| ReturnHeader/Filer/USAddress/CityNm | 0 | OLNEY |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MD |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 20832 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 521984594 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | AK & ASSOCIATES PA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 3300 N RIDGE RD SUITE 380 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | ELLICOTT CITY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 21043 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 4107191000 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-02-26 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ALBERT KIM |
| ReturnHeader/ReturnTs | 0 | 2025-03-17T18:21:24-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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