KWON FOUNDATION INC: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- KWON FOUNDATION INC (EIN 47-5267415)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-04-30
- IRS object ID
- 202411219349101721
- Schema version
- 2023v5.0
- 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
- Form 990-PF
- Depreciation Schedule
- Land Etc Schedule2
- Loans From Officers Schedule
- Mortgages And Notes Payable Sch
- Other Expenses Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-04-30T16:43:56-04:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 274060526 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KIM & HO CPA'S PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 107 NORTHERN BLVD STE 400 | AddressLine1Txt |
| City | GREAT NECK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11021 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 475267415 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KWON FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | KWON | BusinessNameControlTxt |
| Phone | 5168831142 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 51 WEST OVERLOOK | AddressLine1Txt |
| City | PORT WASHINGTON | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11050 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TAE JIN KWON | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 5168831142 | PhoneNum |
| Signature | 2024-04-22 | SignatureDt |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | TAE JIN | PersonFirstNm |
| Person Last | KWON | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TAE MIN KIM | PreparerPersonNm |
| PTIN | P00834265 | PTIN |
| Phone | 5167732450 | PhoneNum |
| Preparation | 2024-04-30 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $4,557,420 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $196 | InterestOnSavRevAndExpnssAmt |
| Gross Rents Rev And Expnss | $332,754 | GrossRentsRevAndExpnssAmt |
| Net Rental Income Or Loss | -$26,923 | NetRentalIncomeOrLossAmt |
| Total Rev And Expnss | $332,950 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $0 | TotalNetInvstIncmAmt |
| Interest Rev And Expnss | $125,417 | InterestRevAndExpnssAmt |
| Taxes Rev And Expnss | $100,020 | TaxesRevAndExpnssAmt |
| Deprec And Dpltn Rev And Expnss | $7,151 | DeprecAndDpltnRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $127,089 | OtherExpensesRevAndExpnssAmt |
| Tot Opr Expenses Rev And Expnss | $359,677 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $36,690 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $36,690 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $396,367 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $36,690 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$63,417 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $70,800 | CashBOYAmt |
| Cash EOY | $57,420 | CashEOYAmt |
| Cash EOYFMV | $57,420 | CashEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $1,264,559 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,167,218 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $104,492 | LandBOYAmt |
| Land EOY | $97,341 | LandEOYAmt |
| Land EOYFMV | $4,500,000 | LandEOYFMVAmt |
| Total Assets BOY | $175,292 | TotalAssetsBOYAmt |
| Total Assets EOY | $154,761 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $4,557,420 | TotalAssetsEOYFMVAmt |
| Loans From Officers BOY | $150,000 | LoansFromOfficersBOYAmt |
| Loans From Officers EOY | $256,000 | LoansFromOfficersEOYAmt |
| Mortgages And Notes Payable BOY | $2,700,000 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $2,636,886 | MortgagesAndNotesPayableEOYAmt |
| Total Liabilities BOY | $2,850,000 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,892,886 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $5,307 | CapitalStockBOYAmt |
| Capital Stock EOY | $5,307 | CapitalStockEOYAmt |
| Retained Earning BOY | -$2,680,015 | RetainedEarningBOYAmt |
| Retained Earning EOY | -$2,743,432 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | -$2,674,708 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | -$2,738,125 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $175,292 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $154,761 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | -$2,674,708 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$63,417 | ExcessRevenueOverExpensesAmt |
| Subtotal | -$2,738,125 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | -$2,738,125 | TotNetAstOrFundBalancesEOYAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $0 | InvestmentIncomeExciseTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NY | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | TAE JIN KWON | IndividualWithBooksNm |
| Phone | 5168831142 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 51 WEST OVERLOOK | AddressLine1Txt |
| City | PORT WASHINGTON | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11050 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| TAE JIN KWON | ||||||||
| 51 WEST OVERLOOK | PORT WASHINGTON | NY | 11050 | PRESIDENT | 5.00 | $0 | $0 | $0 |
| MIN OK KWON | ||||||||
| 51 WEST OVERLOOK | PORT WASHINGTON | NY | 11050 | TREASURER/SE | 4.00 | $0 | $0 | $0 |
| YOUNG KOOK KWON | ||||||||
| 51 WEST OVERLOOK | PORT WASHINGTON | NY | 11050 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | PROVIDE SUPPORT TO COLLEGE STUDENTS OF ACADEMIC EXCELLENCE OR IN FINANCIAL NEED THROUGH SCHOLARSHIP FUNDS; OTHER FINANCIAL SUPPORTS FOR RELIGIOUS AND CHARITABLE PURPOSES. | Description1Txt |
| Expenses1 | $36,690 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $101,918 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $4,500,000 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $4,601,918 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $2,677,845 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $1,924,073 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $28,861 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,895,212 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $94,761 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $94,761 | MinimumInvestmentReturnAmt |
| Distributable Before Adj | $94,761 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $94,761 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $94,761 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $36,690 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $36,690 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $94,761 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $50,373 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $56,249 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $41,682 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $44,474 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $7,533 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $200,311 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $36,690 | QualifyingDistributionsAmt |
| Applied To Current Year | $36,690 | AppliedToCurrentYearAmt |
| Excess Distri Cyov App CY Corpus | $58,071 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $58,071 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $142,240 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $142,240 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $48,551 | ExcessFromYear4Amt |
| Excess From Year3 | $41,682 | ExcessFromYear3Amt |
| Excess From Year2 | $44,474 | ExcessFromYear2Amt |
| Excess From Year1 | $7,533 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (28 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Recipient RelationshipRecipientRelationshipTxt |
|---|---|---|---|---|---|---|---|
| KOREAN AMERICAN SCHOLARSHIP FOUNDAT | |||||||
| 1450 BROADWAY 24TH FL | NEW YORK | NY | 10018 | 501-C3 | SCHOLARSHIP FOR COLLEGE STUDENTS | $6,290 | |
| KASA MOUNTAIN REGIONAL CHAPTER | |||||||
| 2851 S PARKER RD STE 550 | AURORA | CO | 80014 | 501-C3 | SCHOLARSHIP FOR COLLEGE STUDENTS | $4,000 | N/A |
| KOREAN AMERICAN CIVIC EMPOWERMENT | |||||||
| 3511 MURRAY ST | FLUSHING | NY | 11354 | 501-C3 | SOCIAL AWARENESS | $1,000 | |
| NEW BRUNSWICK THEOLOGICAL SEMINARY | |||||||
| 35 SEMINARY PLACE | NEW BRUNSWICK | NJ | 08901 | 501-C3 | SCHOLARSHIP FUND | $1,000 | NA |
| OHIO NORTHERN UNIVERSITY | |||||||
| 525 S MAIN STREET | ADA | OH | 45810 | PF | EDUCATION SUPPORT | $2,000 | |
| YALE PRESYTERIAN CHURCH | |||||||
| 17 NEW SOUTH RD | HICKSVILLE | NY | 11861 | 501-C3 | CHURCH DONATION | $5,000 | NA |
| ANDREW KIM FOUNDATION | |||||||
| 440 SYLVAN AVE STE 250 | ENGLEWOOD CLIFFS | NJ | 07632 | PF | SCHOLARSHIP | $4,700 | NA |
| LIGHT & LOVE NY INC | |||||||
| 4 MARTINE AVE 1103 | WHITE PLAINS | NY | 10606 | 501-C3 | CHRISTIAN MAZAZINE PUBLICATION | $1,000 | NA |
| KOREAN CHINESE MISSION CHURCH | |||||||
| 4015 149TH STREET | FLUSHING | NY | 11354 | 501-3C | CHURCH DONATION | $1,000 | |
| GREAT MISSION NEW LIFE | |||||||
| 327 CROSS ST | WOODBURY | NY | 11590 | 501-3C | CHRISTIAN MISSION SUPPORT | $200 | |
| INCAR CHRISTIAN MISSIONARY | |||||||
| 8915 FRANCIS LEWIS BLVD | QUEENS VILLAGE | NY | 11427 | 501-C3 | CHRISTIAN MISSION SUPPORT | $600 | |
| HAN GHIL PRESBYTERIAN CHURCH OF NY | |||||||
| 42-15 108TH STREET | CORONA | NY | 11368 | 501-C3 | CHRISTIAN MISSION SUPPORT | $1,000 | |
| SKK ALUMNI ASSOC OF NY | |||||||
| 488 PARK AVE | MANHASSET | NY | 11030 | 501-3C | SCHOLARSHIP FOR STUDENTS | $1,000 | |
| INTERNATIONAL FOUNDATION FOR SKK UN | |||||||
| 15200 FREDRICK RD STE 204 | ROCKVILLE | MD | 20850 | 501-3C | SCHOLARSHIP FOR STUDENTS | $5,000 | |
| YWCA OF QUEENS | |||||||
| 42-07 PARSONS BLVD | FLUSHING | NY | 11354 | 501-C3 | COMMUNITY SUPPORT | $200 | |
| GLOBAL CHILDREN'S FOUNDATION | |||||||
| 4026 THIRD ST | SAN FRANCISCO | CA | 94124 | 501-3C | CHILRDREN CARE SUPPORT | $200 | |
| OREGON WOMEN PRISON MINISTRY | |||||||
| 3405 NW BLACKCOMB DR | PORTLAND | OR | 97229 | 501-C3 | CHRISTIAN MISSION SUPPORT | $1,000 | |
| AMERICAN HEART ASSOCIATION | |||||||
| PO BOX 78851 | PHEONIX | AZ | 85281 | 501-C3 | MEDICAL REARCH SUPPORT | $50 | |
| COVENANT HOUSE | |||||||
| PO BOX 758636 | TOPEKA | KS | 66675 | 501-C3 | CHRISTIAN MISSION SUPPORT | $50 | |
| KOREAN AMERICAN GRASSROOT CONFERENC | |||||||
| 1012 14TH ST STE 1475 | WASHINGTON | DC | 20005 | 501-C3 | COMMUNITY SUPPORT | $1,000 | |
| AMERICAN CANCER SOCIETY | |||||||
| PO BOX 910 | NEW YORK | NY | 10101 | 501-C3 | MEDICAL RESEARCH SUPPORT | $50 | |
| ST JOSEPH'S INDIAN SCHOOL | |||||||
| 1301 N MAIN STREET | CHAMBERLAIN | SD | 57325 | 501-C3 | EUCATION SUPPORT | $50 | |
| SHRINERS CHILDREN HOSPITAL | |||||||
| PO BOX 1510 | RANSON | WV | 25438 | 501-C3 | COMMUNITY SUPPORT | $50 | |
| ST JUDE CHILDRENS RESEARCH HOSPITAL | |||||||
| PO BOX 50 | MEMPHIS | TN | 38101 | 501-C3 | MEDICAL RESEARCH SUPPORT | $50 | |
| DISABLED VETERAN'S NATL FOUNDATION | |||||||
| PO BOX 2005 | MILFORD | NH | 03055 | 501-C3 | COMMUNITY SUPPORT | $50 | |
| NATIONAL PARK FOUNDATION | |||||||
| 1500 K ST NW STE 100 | WASHINGTON | DC | 20005 | 501-C3 | NATIONAL PARK SUPPORT | $50 | |
| AMERICAN LUNG ASSOCIATION | |||||||
| PO BOX 70350 | PHILADELPHIA | PA | 19176 | 501-C3 | MEDICAL RESEARCH SUPPORT | $50 | |
| AMERICAN INDIAN COLLEGE | |||||||
| PO BOX 172449 | DENVER | CO | 80217 | 501-C3 | EDUCATION SUPPORT | $50 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $36,690 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $196 | RelatedOrExemptFunctionIncmAmt |
Net Rntl Incm Re Debt Fincd Prop NetRntlIncmReDebtFincdPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 531120 | BusinessCd |
| Unrelated Business Taxbl Incm | -$26,923 | UnrelatedBusinessTaxblIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$26,923 | UnrelatedBusinessTaxblIncmAmt |
| Related Or Exempt Function Incm | $196 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$26,727 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (15 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt |
|---|---|---|---|---|---|---|
| RENTAL PROPERTY | 1983-11-01 | $675,000 | $675,000 | S/L | 40.0000 | |
| IMPROVEMENTS | 1984-06-01 | $200,012 | $200,012 | S/L | 40.0000 | |
| ROOF | 1985-06-01 | $17,345 | $17,345 | S/L | 40.0000 | |
| IMPROVEMENTS | 1985-08-15 | $48,858 | $48,858 | S/L | 40.0000 | |
| IMPROVEMENTS | 1988-04-01 | $24,048 | $20,263 | S/L | 40.0000 | $601 |
| IMPROVEMENTS | 1983-12-01 | $45,000 | $45,000 | S/L | 40.0000 | |
| IMPROVEMENTS | 2001-11-01 | $53,500 | $26,918 | S/L | 40.0000 | $1,338 |
| IMPROVEMENTS | 2004-06-30 | $44,122 | $19,845 | S/L | 39.0000 | $1,131 |
| FIXTURES & EQUIPMENT | 2004-06-30 | $23,758 | $23,758 | 200DB | 7.0000 | |
| ROOF | 2007-06-30 | $15,000 | $5,593 | S/L | 39.0000 | $385 |
| IMPROVEMENTS | 2010-06-30 | $25,670 | $7,597 | S/L | 39.0000 | $658 |
| IMPROVEMENTS | 2011-06-30 | $20,000 | $5,406 | S/L | 39.0000 | $513 |
| AIR CONDITIONING | 2016-05-15 | $36,555 | $35,196 | 200DB | 7.0000 | $1,359 |
| REFINANCING COSTS | 2017-06-30 | $11,664 | $5,249 | S/L | 10.0000 | $1,166 |
| AIR CONDITIONING | 2019-05-05 | $24,027 | $24,027 | 200DB | 7.0000 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | LAND, BLDG & OTHERS BASIS | CategoryOrItemTxt |
| Cost Or Other Basis | $1,264,559 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $1,167,218 | AccumulatedDepreciationAmt |
| Book Value | $97,341 | BookValueAmt |
| EOYFMV | $4,500,000 | EOYFMVAmt |
Loans From Officers Schedule LoansFromOfficersSchedule
Loans From Officer LoansFromOfficerGrp (6 entries)
| TitleTitleTxt | Loan OriginalLoanOriginalAmt | Balance DueBalanceDueAmt | NoteNoteDt | Loan PurposeLoanPurposeTxt |
|---|---|---|---|---|
| TAE JIN KWON | ||||
| PRESIDENT | $50,000 | $50,000 | 2022-06 | FOUNDATION OPERATING FUND |
| MIN OK KWON | ||||
| TRESURER/SECRETARY | $50,000 | $50,000 | 2022-06 | FOUNDATION OPERATING FUND |
| TAE JIN KWON | ||||
| PRESIDENT | $25,000 | $13,000 | 2022-10 | FOUNDATION OPERATING FUND |
| MIN OK KWON | ||||
| TRESURER/SECRETARY | $25,000 | $13,000 | 2022-10 | FOUNDATION OPERATING FUND |
| KCM KWON LLC | ||||
| $100,000 | $100,000 | 2023-08 | FOUNDATION OPERATING FUND | |
| TAE JIN KWON | ||||
| PRESIDENT | $30,000 | $30,000 | 2023-01 | FOUNDATION OPERATING FUND |
Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch
Note Payable NotePayableGrp
Lender Name LenderNameGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BANK OF DENVER MORTGAGE | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Loan Original | $2,700,000 | LoanOriginalAmt |
| Balance Due | $2,636,886 | BalanceDueAmt |
| Note | 2022-06 | NoteDt |
| Loan Maturity | 1952-06 | LoanMaturityDt |
| Repayment Terms | 30 YEARS | RepaymentTermsTxt |
| Interest | 0.0425 | InterestRt |
| Security Provided Borrower | PROPERTY & PERSONAL GUARANTEE | SecurityProvidedBorrowerTxt |
| Loan Purpose | MORTGAGE | LoanPurposeTxt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (10 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt |
|---|---|
| 1530 BLAKE STREET | |
| BROKER COMMISSION | $23,078 |
| FIRE INSPECTION | $118 |
| INSURANCE | $23,409 |
| MAINTENANCE & MANAGEMENT | $20,300 |
| OFFICE EXPENSES | $2,500 |
| PROFESSIONAL FEES | $3,100 |
| REPAIRS | $33,175 |
| UTILITIES | $13,880 |
| WATER | $7,529 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | 1530 BLAKE STREET | CategoryTxt |
| Amt | $100,020 | Amt |