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KOREAN CBMC OF NORTH AMERICA: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
KOREAN CBMC OF NORTH AMERICA (EIN 46-0610489)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-02-03
IRS object ID
202540349349301784
Schema version
2024v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-02-03T23:27:48-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN263877888PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JC TAXPROS GROUP INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line15256 BETHEL REED PARKAddressLine1Txt
CityCOLUMBUSCityNm
State AbbreviationOHStateAbbreviationCd
ZIP432201811ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN460610489EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KOREAN CBMC OF NORTH AMERICA INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlKOREBusinessNameControlTxt
Phone6144535902PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11012 MAC ARTHUR DR STE 172AddressLine1Txt
CityCARROLLTONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75007ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPAUL HYONPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone6144535902PhoneNum
Signature2025-02-03SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJOE H JI CPAPreparerPersonNm
PTINP00806967PTIN
Phone6144535902PhoneNum
Preparation2025-02-03PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerPAUL HYONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11012 MAC ARTHUR DR STE 172AddressLine1Txt
CityCARROLLTONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75007ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$631,427GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2012FormationYr
Legal Domicile StateTXLegalDomicileStateCd
Activity Or MissionKOREAN CBMC OF NORTH AMERICA IS A COMMUNITY OF CHRISTIAN BUSINESS PROFESSIONALS WORKING TOGETHER TO EVANGELIZE THE BUSINESS WORLD AND ENCOURAGE SPIRITUAL GROWTH IN THE BUSINESS MARKET PLACE AND SPREAD THE GOSPEL THROUGH THE BUSINESS WORLD. TO ACOMPLISH THESES GOALS, ESTABLISH LOCAL UNITS OF CBMC THROUHG THE UNITED STATES OF AMERICA, EDUCATE ITS MEMBERS AND THE PUBLIC TO BE THE CHRISTIAN LEADERS.ActivityOrMissionDesc
Voting Members Governing Body0VotingMembersGoverningBodyCnt
Voting Members Independent0VotingMembersIndependentCnt
Total Employee3TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$511,488PYContributionsGrantsAmt
CY Contributions Grants$631,427CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$511,488PYTotalRevenueAmt
CY Total Revenue$631,427CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$134,401PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$148,019CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$395,173PYOtherExpensesAmt
CY Other Expenses$397,239CYOtherExpensesAmt
PY Total Expenses$529,574PYTotalExpensesAmt
CY Total Expenses$545,258CYTotalExpensesAmt
PY Revenues Less Expenses-$18,086PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$86,169CYRevenuesLessExpensesAmt
Total Assets BOY$236,817TotalAssetsBOYAmt
Total Assets EOY$341,292TotalAssetsEOYAmt
Total Liabilities BOY-$1,870TotalLiabilitiesBOYAmt
Total Liabilities EOY$16,436TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$238,687NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$324,856NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionKOREAN CBMC OF NORTH AMERICA IS A COMMUNITY OF CHRISTIAN BUSINESS PROFESSIONALS WORKING TOGETHER TO EVANGELIZE THE BUSINESS WORLD AND ENCOURAGE SPIRITUAL GROWTH IN THE BUSINESS MARKET PLACE AND SPREAD THE GOSPEL THROUGH THE BUSINESS WORLD. TO ACOMPLISH THESES GOALS, ESTABLISH LOCAL UNITS OF CBMC THROUHG THE UNITED STATES OF AMERICA, EDUCATE ITS MEMBERS AND THE PUBLIC TO BE THE CHRISTIAL LEADERS.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
DescRELIGIOUS EDUCATION FOR BUSINESS PEOPLEDesc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$545,258ExpenseAmt
DescRELIGIOUS EDUCATION FOR BUSINESS PEOPLEDesc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$545,258TotalOtherProgSrvcExpenseAmt
Total Program Service Expenses$545,258TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredfalseScheduleORequiredInd
IRP Document22IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld CompliancefalseBackupWthldComplianceInd
Employee3EmployeeCnt
Employment Tax Returns FiledfalseEmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Governing Body Voting Members0GoverningBodyVotingMembersCnt
Independent Voting Member0IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonKOREAN CBMCPersonNm
Phone7034391703PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line18029 OLD YORK ROADAddressLine1Txt
CityELKINS PARKCityNm
State AbbreviationPAStateAbbreviationCd
ZIP19027ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (23 entries)

TitleTitleTxtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
SANG K PARK
DIRECTORYes (X)$0$0$0
PAUL HYON
PRESIDENTYes (X)$0$0$0
YOUNG K KIM
DIRECTORYes (X)$0$0$0
KENT CHOI
DIRECTORYes (X)$0$0$0
DAVID HAN
DIRECTORYes (X)$0$0$0
STEVE BAE
DIRECTORYes (X)$0$0$0
SOLOMON KIM
DIRECTORYes (X)$0$0$0
AMY PARK
DIRECTORYes (X)$0$0$0
JOE JI
TREASURERYes (X)$0$0$0
SEAN JUNG
DIRECTORYes (X)$0$0$0
SUNG KIM
DIRECTORYes (X)$0$0$0
GOEUN KANG
DIRECTORYes (X)$0$0$0
STEVE KIM
DIRECTORYes (X)$0$0$0
JUN LEE
DIRECTORYes (X)$0$0$0
HYUNG KIM
DIRECTORYes (X)$0$0$0
JOHN TAHK
DIRECTORYes (X)$0$0$0
STEVE KIM
DIRECTORYes (X)$0$0$0
JASON ROH
DIRECTORYes (X)$0$0$0
SUN KIM
DIRECTORYes (X)$0$0$0
CHARLES YUN
DIRECTORYes (X)$0$0$0
KYUN YI
DIRECTORYes (X)$0$0$0
SAM JUNG
DIRECTORYes (X)$0$0$0
DAVID YANG
DIRECTORYes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Federated Campaigns$631,150FederatedCampaignsAmt
All Other Contributions$277AllOtherContributionsAmt
Total Contributions$631,427TotalContributionsAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$631,427TotalRevenueColumnAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$137,500TotalAmt
Program Services$137,500ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$10,519TotalAmt
Program Services$10,519ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$8,870TotalAmt
Program Services$8,870ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$7,240TotalAmt
Program Services$7,240ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$35,457TotalAmt
Program Services$35,457ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$20,727TotalAmt
Program Services$20,727ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$306,479TotalAmt
Program Services$306,479ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$18,466TotalAmt
Program Services$18,466ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$545,258TotalAmt
Program Services$545,258ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$236,817BOYAmt
EOY$311,565EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
EOY$29,727EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$236,817BOYAmt
EOY$341,292EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY-$1,870BOYAmt
EOY$16,436EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY-$1,870BOYAmt
EOY$16,436EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$238,687BOYAmt
EOY$324,856EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$238,687BOYAmt
EOY$324,856EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$236,817BOYAmt
EOY$341,292EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$86,169ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$218,919CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$264,328CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$510,652CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$511,488CurrentTaxYearMinus1YearAmt
Current Tax Year$631,427CurrentTaxYearAmt
Total$2,136,814TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$218,919CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$264,328CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$510,652CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$511,488CurrentTaxYearMinus1YearAmt
Current Tax Year$631,427CurrentTaxYearAmt
Total$2,136,814TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$2,136,814PublicSupportTotal509Amt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$218,919CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$264,328CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$510,652CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$511,488CurrentTaxYearMinus1YearAmt
Current Tax Year$631,427CurrentTaxYearAmt
Total$2,136,814TotalAmt
FieldValueIRS element (for citing)
Public Support CY5091.00000PublicSupportCY509Pct
Public Support PY5091.00000PublicSupportPY509Pct
Investment Income CY0.00000InvestmentIncomeCYPct
Investment Income PY0.00000InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule D IRS990ScheduleD

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
Amt$16,436Amt
FieldValueIRS element (for citing)
Total Liability$16,436TotalLiabilityAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSIONKOREAN CBMC OF NORTH AMERICA IS A COMMUNITY OF CHRISTIAN BUSINESS PROFESSIONALS WORKING TOGETHER TO EVANGELIZE THE BUSINESS WORLD AND ENCOURAGE SPIRITUAL GROWTH IN THE BUSINESS MARKET PLACE AND SPREAD THE GOSPEL THROUGH THE BUSINESS WORLD. TO ACOMPLISH THESES GOALS, ESTABLISH LOCAL UNITS OF CBMC THROUHG THE UNITED STATES OF AMERICA, EDUCATE ITS MEMBERS AND THE PUBLIC TO BE THE CHRISTIAL LEADERS.
FORM 990, PAGE 2, PART III, LINE 4DRELIGIOUS EDUCATION FOR BUSINESS PEOPLE
FORM 990, PAGE 6, PART VI, LINE 11BNO REVIEW WAS OR WILL BE CONDUCTED.
FORM 990, PAGE 6, PART VI, LINE 19NO DOCUMENTS AVAILABLE TO THE PUBLIC