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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Community Improvement & Capacity Building Eastern American Economic Development Corporation

Eastern American Economic Development Corporation

Fiscal year ending 2024. Filed on July 14, 2025.

438 Broad Ave
Palisades Park, New Jersey 07650

Eastern American Economic Development Corporation (EIN: 20-4647454), also known as Eastern American CDC, has filed an IRS Form 990 since fiscal year 2017. In its fiscal year 2024 IRS Form 990 filing, Eastern American Economic Development Corporation, a 501(c)(3) charitable organization, reported compensation for 1 out of 3 total employees. Among the employees shown here, the average compensation is $98,670. The highest compensated employee at Eastern American Economic Development Corporation is Kwon H Jung with fiscal year 2024 compensation of $98,670.

Revenue, expenses, and employee compensation

Revenue

$406,656

Expenses

$559,837

Employee compensation

$175,793
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Kwon H Jung
President
$98,670
$98,670 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Alexander Kangseok Choi
Secretary and Director
Charles Park
Director
Ken Gilho Choi
Director
Soo Jin Jung
Director

Mission Statement

THE SPECIFIC PURPOSE OF THIS CORPORATION SHALL BE TO FOSTER ECONOMIC DEVELOPMENT, CREATE OR PRESERVE JOB AND EDUCATION OPPORTUNITIES, TRAIN, STIMULATE GROWTH, EXPANSION AND MODERNIZATIN OF SMALL BUSINESSES.

Revisions to this organization profile

July 14, 2025:
2024 Eastern American Economic Development Corporation 990 filed
July 30, 2024:
2023 Eastern American Economic Development Corporation 990 filed
August 15, 2023:
2022 Eastern American Economic Development Corporation 990 filed

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