INTERNATIONAL FOUNDATION FOR KOREA UNIVERSITY INC: Form 990EZ, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- INTERNATIONAL FOUNDATION FOR KOREA UNIVERSITY INC (EIN 13-3995485)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-08-10
- IRS object ID
- 201702229349200965
- Schema version
- 2016v3.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-08-10T16:42:26-07:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHOI HONG LEE & KANG LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3435 WILSHIRE BLVD STE 480 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 900101918 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990EZ | ReturnTypeCd |
| Tax Period Begin | 2016-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 133995485 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INTERNATIONAL FOUNDATION FOR KOREA UNIVE | BusinessNameLine1Txt |
| Business Name Line2 | RSITY INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | INTE | BusinessNameControlTxt |
| Phone | 2135502182 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3435 WILSHIRE BLVD | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90010 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | WILLIE SEUNG | PersonNm |
| Person Title | President | PersonTitleTxt |
| Signature | 2017-08-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Soh Yun Kang Park | PreparerPersonNm |
| PTIN | P00819459 | PTIN |
| Phone | 2133651700 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990-EZ IRS990EZ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
| Website Address | www.ifku.org | WebsiteAddressTxt |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Gross Receipts | $140,093 | GrossReceiptsAmt |
| Info In Schedule O Part I | Yes (X) | InfoInScheduleOPartIInd |
| Contributions Gifts Grants Etc | $121,064 | ContributionsGiftsGrantsEtcAmt |
| Investment Income | $19,029 | InvestmentIncomeAmt |
| Cost Or Other Basis Expense Sale | $0 | CostOrOtherBasisExpenseSaleAmt |
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Special Events Direct Expenses | $0 | SpecialEventsDirectExpensesAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
| Total Revenue | $140,093 | TotalRevenueAmt |
| Fees And Other Pymt To Ind Cntrct | $7,568 | FeesAndOtherPymtToIndCntrctAmt |
| Printing Publications Postage | $2,118 | PrintingPublicationsPostageAmt |
| Other Expenses Total | $125,910 | OtherExpensesTotalAmt |
| Total Expenses | $135,596 | TotalExpensesAmt |
| Excess Or Deficit For Year | $4,497 | ExcessOrDeficitForYearAmt |
| Net Assets Or Fund Balances BOY | $479,069 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $483,566 | NetAssetsOrFundBalancesEOYAmt |
Cash Savings And Investments CashSavingsAndInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $479,069 | BOYAmt |
| EOY | $483,566 | EOYAmt |
Form990 Total Assets Form990TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $479,069 | BOYAmt |
| EOY | $483,566 | EOYAmt |
Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $479,069 | BOYAmt |
| EOY | $483,566 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Exempt Purpose | EDUCATIONAL & CHARITABLE | PrimaryExemptPurposeTxt |
Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp (2 entries)
| Description Program Srvc AccomDescriptionProgramSrvcAccomTxt | Grants And AllocationsGrantsAndAllocationsAmt | Program Service ExpensesProgramServiceExpensesAmt |
|---|---|---|
| TO PROVIDE ASSISTANCE TO IMPROVE SCHOOL FACILITIES OF KOREA UNIVERSITY | $135,595 | $91,100 |
| TO PROVIDE SCHOLARSHIP |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $135,595 | TotalProgramServiceExpensesAmt |
| Info In Schedule O Part IV | Yes (X) | InfoInScheduleOPartIVInd |
Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (24 entries)
| TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|
| WILLIE SEUNG | ||
| President | 0 | $0 |
| KEVIN K LEE | ||
| Vice President | 0 | $0 |
| JOUNG SOOK LIM | ||
| Vice President | 0 | $0 |
| WON CHANG YI | ||
| Director | 0 | $0 |
| SUNGJIN JI | ||
| Secretary | 0 | $0 |
| MK LEE | ||
| Director | 0 | $0 |
| SOH YUN KANG PARK | ||
| Treasurer | 0 | $0 |
| HYUNG S BANG | ||
| Director | 0 | $0 |
| SUNGWOOK RYU | ||
| Director | 0 | $0 |
| KI SUNG BAE | ||
| Director | 0 | $0 |
| PAUL YONGHA KIM | ||
| Director | 0 | $0 |
| SEONGHO AHN | ||
| Director | 0 | $0 |
| SIMON JUNGKEUN PARK | ||
| Director | 0 | $0 |
| STEVEN YUN | ||
| Director | 0 | $0 |
| MUN RYANG CHUNG | ||
| Director | 0 | $0 |
| HEUNG SOO SUL | ||
| Director | 0 | $0 |
| JAI HYUN YOO | ||
| Director | 0 | $0 |
| IM JA PARK CHOI | ||
| Director | 0 | $0 |
| WAN-MO KANG | ||
| Director | 0 | $0 |
| HENRY KANG | ||
| Director | 0 | $0 |
| SOOK JA KIM | ||
| Director | 0 | $0 |
| SIMON SOODONG LEE | ||
| Director | 0 | $0 |
| CHANGHWAN LEE | ||
| Director | 0 | $0 |
| HYUNYOUNG NA | ||
| Director | 0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Chg Made To Orgnzng Doc Not Rpt | false | ChgMadeToOrgnzngDocNotRptInd |
| Organization Had UBI | false | OrganizationHadUBIInd |
| Organization Filed990 T | false | OrganizationFiled990TInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Form1120 Pol Filed | false | Form1120PolFiledInd |
| Made Loans To From Officers | false | MadeLoansToFromOfficersInd |
| Initiation Fees And Cap Contri | $0 | InitiationFeesAndCapContriAmt |
| Gross Receipts For Public Use | $0 | GrossReceiptsForPublicUseAmt |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CHOI HONG LEE KANG LLP | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3435 WILSHIRE BLVD STE 480 | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90010 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2135502182 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Foreign Office | false | ForeignOfficeInd |
| Donor Advised Fnds | false | DonorAdvisedFndsInd |
| Operate Hospital | false | OperateHospitalInd |
| Tanning Services Provided | false | TanningServicesProvidedInd |
| Form720 Filed | false | Form720FiledInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| School Operating | false | SchoolOperatingInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Related Org Sect527 Org | false | RelatedOrgSect527OrgInd |
| Part VI Of Comp Of Hghst Pd Empl | NONE | PartVIOfCompOfHghstPdEmplTxt |
| Part VI Hghst Pd Cntrct Prof Srvc | NONE | PartVIHghstPdCntrctProfSrvcTxt |
| Filed Schedule A | Yes (true) | FiledScheduleAInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $291,477 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,148,839 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $256,022 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $209,658 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $121,064 | CurrentTaxYearAmt |
| Total | $2,027,060 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft509 TaxRevLeviedOrgnztnlBnft509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl509 GovtFurnSrvcFcltsVl509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $291,477 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,148,839 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $256,022 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $209,658 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $121,064 | CurrentTaxYearAmt |
| Total | $2,027,060 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $2,027,060 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $39,972 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $17,915 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $23,805 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $8,239 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $19,029 | CurrentTaxYearAmt |
| Total | $108,960 | TotalAmt |
Post1975 UBTI Post1975UBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $39,972 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $17,915 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $23,805 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $8,239 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $19,029 | CurrentTaxYearAmt |
| Total | $108,960 | TotalAmt |
Net Income From Other UBI NetIncomeFromOtherUBIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $331,449 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,166,754 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $279,827 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $217,897 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $140,093 | CurrentTaxYearAmt |
| Total | $2,136,020 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.94900 | PublicSupportCY509Pct |
| Public Support PY509 | 0.97660 | PublicSupportPY509Pct |
| Investment Income CY | 0.05100 | InvestmentIncomeCYPct |
| Investment Income PY | 0.02000 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Other Expenses.1007 | Conferences, Conventions, and Meetings $26901 |
| Other Expenses.1 | Assist. to KU Scholarship $91100 |
| Other Expenses.2 | Website expense $5537 |
| Other Expenses.4 | Supply $1275 |
| Other Expenses.5 | Paypal fees $600 |
| Other Expenses.6 | Bank Charges $297 |
| Other Expenses.7 | Tax and license $200 |