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KOREAN SEAFOOD ASSOCIATION OF NY INC

BRONX, NY · EIN 113278319 · Form 990EZ · FY2025 · NTEE S41 · Community Improvement · Micro (<$100K)
revenue
$76K
expenses
$69K
net assets
$45K
employees
program ratio
0%
mission · from form 990

THE PURPOSES FOR WHICH THE CORPORATION IS FORMED ARE AS FOLLOWS: TO PROMOTE, FASTER AND ADVANCE IN EVERY LAWFUL MANNER, THE COMMON INTERESTS AND GOALS OF THOSE ENGAGED IN THE SEAFOOD BUSINESS; TO CERTENT AND SOLIDIFY FRIENDLY RELATIONS GOOD FELLOWSHIP AND COOPOERATION AMOING ITS MEMBERS; TO ADVOCATE AND ENCOURAGE THE EXCHANGE OF IDEAS AMONG ITS MEMBERS AND TO GIVE PROPER CONSIDEREATION TO QUESTIONS AFFECTING KOREANS IN THE SEAFOOD BUSINESS; TO ACQUIRE, ASSEMBLE, PRESERVE AND DISSEMINATE VALUABLE BUSINESS INFORMATION ESSENTIAL FOR THE ADEQUATE CONDUCT OF THEIR BUSINESS. HOWEVER, NOTHING HEREIN SHALL AUTHORIZE THIS CORPORATION TO CONTROL OR OTHERWISE DEAL WITH PRICES OR TO RESTRICT COMPETITION, NOR TO INTERFERE WITH ITS MEMBERS IN THE INDEPENDENT CONDUCT OF THEIR BUSINESS.

profile · synthesized from sources

Korean Seafood Association of NY Inc is a trade association formed to support Korean-American seafood business owners in New York. The organization promotes cooperation, information sharing, and professional fellowship among its members, focusing on common business interests and challenges within the seafood industry. It does not engage in price-setting or restrict competition among members.

named programs · 2 · from sources

What they call their work

Business Information Exchange
Acquires, organizes, and shares valuable industry-specific information to support members in conducting their businesses effectively.
Member Networking and Fellowship
Facilitates regular meetings and events to strengthen relationships and foster cooperation among Korean-American seafood business owners in New York.
activities · 1 group

What they do

  • Industry Trade Association Services 3 activities
    • Advocacy for Korean seafood business interests
      Represents and promotes the common interests and goals of Korean individuals operating in the seafood industry, advocating on issues affecting their business operations.
    • Facilitation of member fellowship and cooperation
      Builds community among members by fostering friendly relations, mutual support, and collaborative relationships within the Korean seafood business sector.
    • Member capacity building and information sharing
      Strengthens member capabilities through the collection, preservation, and dissemination of relevant business information, fostering knowledge exchange and professional development within the seafood industry.
financials · form 990EZ · fy2025
revenue
Total revenue$76K
Contributions & grants
Program service revenue$57K75%
Investment income
Other revenue
expenses
Total expenses$69K
Program expenses0%
Admin / overhead0%
Fundraising0%
Salaries & benefits
Grants paid out
Largest expense lineFacilities
balance sheet
Total assets$45K
Cash$29K
Investments$0
Liabilities$0
Net assets$45K
Liquid reserves5.1 mo
6 years on record · 2020–2025 · YoY revenue +69.9%
leadership · form 990 part vii · fy2025

Who runs it

board members · 1
  • JOHN YU — Director
strategies · 2

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Information Dissemination Network for Industry Effectiveness
    methodology: information_dissemination_network
    By systematically collecting and sharing essential industry information, the organization improves members' business effectiveness because timely, reliable knowledge enables better decision-making and competitive positioning.
  • Member-Based Cooperation for Collective Interests
    methodology: member-based_cooperation
    By fostering fellowship and cooperation among members of the Korean seafood business community, the organization strengthens collective advocacy and shared economic outcomes because trust and unity enhance group efficacy.