Joo Hyock Incorporated in Des Moines, Iowa (IA)

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Joo Hyock Incorporated
Employer Identification Number (EIN)421204176
Name of OrganizationJoo Hyock Incorporated
Address606 Se Army Post Road, Des Moines, IA 50315-5900
ActivitiesOther instruction and training
SubsectionEducational Organization
Ruling Date11/1983
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$100,000 to $499,999
Income$10,000 to $24,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$155,458
Amount of Income$24,770
Form 990 Revenue Amount$24,770
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Education (Not Elsewhere Classified)


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Financial snapshot ($)

Revenue for 2014

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201220132014
Total revenue$35,024$51,134$24,770
Contributions, gifts, grants, and similar amounts received$20,000$33,000$9,500
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$15,024$18,134$15,270
Investment income$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$37,823$37,248$24,941
Total net assets$141,743$155,629$155,458
Excess/Deficit for the year$-2,799$13,886$-171
Net assets or fund balances at beginning of year$144,542$141,743$155,629
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$155,629$155,458
Balance Sheets
201220132014
Total assets$141,743$155,629$155,458
Total liabilities$0$0$0
Net assets or fund balances$141,743$155,629$155,458
Other Information
201220132014
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?YesYes
Total amount involved$30,000$30,000
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:A school described in section 170(b)(1)(A)(ii)
Number of organizations supported0
Sum of amounts of support$0
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