STRATEGY STUDIO / PUBLIC DATA EXPLORER

INTERNATIONAL FOUNDATION FOR KOREA UNIVERSITY INC: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
INTERNATIONAL FOUNDATION FOR KOREA UNIVERSITY INC (EIN 13-3995485)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-05-16
IRS object ID
201631379349301298
Schema version
2015v2.1
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

FieldValueIRS element (for citing)
Return2016-05-16T08:09:04-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN451343806PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KL CPA & ASSOCIATES LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11430 BROADWAY SUITE 306AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10018ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN133995485EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1INTERNATIONAL FOUNDATION FORBusinessNameLine1Txt
Business Name Line2KOREA UNIVERSITY INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlINTEBusinessNameControlTxt
Phone6098956638PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11430 BROADWAY ROOM 306AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10018ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWILLIE WANG-PYO SEUNGPersonNm
Person TitlePRESIDENT-ELECTPersonTitleTxt
Phone2127689144PhoneNum
Signature2016-05-16SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKENNETH K LEECPAPreparerPersonNm
PTINP00956025PTIN
Phone2127689144PhoneNum
Preparation2016-05-16PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-12-15 16:53:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerWILLIE WANG-PYO SEUNGPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line116417 ABASCAL DRAddressLine1Txt
CityHACIENDA HEIGHTSCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91745ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$217,897GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.IFKU.NETWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionEDUCATIONAL & CHARITABLEActivityOrMissionDesc
Voting Members Governing Body21VotingMembersGoverningBodyCnt
Voting Members Independent21VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$256,022PYContributionsGrantsAmt
CY Contributions Grants$209,658CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$23,805PYInvestmentIncomeAmt
CY Investment Income$8,239CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$279,827PYTotalRevenueAmt
CY Total Revenue$217,897CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,276,677PYOtherExpensesAmt
CY Other Expenses$209,699CYOtherExpensesAmt
PY Total Expenses$1,276,677PYTotalExpensesAmt
CY Total Expenses$209,699CYTotalExpensesAmt
PY Revenues Less Expenses-$996,850PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$8,198CYRevenuesLessExpensesAmt
Total Assets BOY$478,576TotalAssetsBOYAmt
Total Assets EOY$479,069TotalAssetsEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$478,576NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$479,069NetAssetsOrFundBalancesEOYAmt
MissionEDUCATIONAL & CHARITABLEMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$191,870ExpenseAmt
DescTO PROVIDE ASSISTANCE TO IMPROVE SCHOOL FACILITIES OF KOREA UNIVERSITY.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescTO PROVIDE SCHOLARSHIPS.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$191,870TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members21GoverningBodyVotingMembersCnt
Independent Voting Member21IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnfalseAnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcfalseRegularMonitoringEnfrcInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CHOI HONG LEE & KANG LLPBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2135502182PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13435 WILSHIR BLVDAddressLine1Txt
Address Line2480AddressLine2Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90010ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)

TitleTitleTxtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
WAN-MO KANG
PRESIDENTYes (X)$0$0$0
MK LEE
TREASURERYes (X)$0$0$0
SUNGIN JI ESQ
DIRECTORYes (X)$0$0$0
MUN RYANG CHUNG
DIRECTORYes (X)$0$0$0
JOUNG SOOK LIM
DIRECTORYes (X)$0$0$0
SIMON JUNGKEUN PARK
DIRECTORYes (X)$0$0$0
JOHN D LEE
DIRECTORYes (X)$0$0$0
KEVIN K LEE
SECRETARYYes (X)$0$0$0
IM JA PARK
DIRECTORYes (X)$0$0$0
MARK C RHEE
DIRECTORYes (X)$0$0$0
HEUNG SOO SUL MD
DIRECTORYes (X)$0$0$0
JAI HYUN YOO
DIRECTORYes (X)$0$0$0
STEVEN YUN
DIRECTORYes (X)$0$0$0
SEONGHO AHN
DIRECTORYes (X)$0$0$0
HENRY KANG
DIRECTORYes (X)$0$0$0
SOOK JA KIM
DIRECTORYes (X)$0$0$0
WILLIE WANG-PYO SEUNG
PRESIDENT-ELYes (X)$0$0$0
SIMON SOODONG LEE
DIRECTORYes (X)$0$0$0
SO YUN KANG
ASSISTANT TRYes (X)$0$0$0
RYU SUNGWOOK
DIRECTORYes (X)$0$0$0
HUNSU SON
DIRECTORYes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$209,658AllOtherContributionsAmt
Total Contributions$209,658TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,239TotalRevenueColumnAmt
Exclusion$8,239ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$217,897TotalRevenueColumnAmt
Exclusion$8,239ExclusionAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$2,000TotalAmt
Management And General$2,000ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$5,552TotalAmt
Management And General$5,552ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$2,438TotalAmt
Management And General$2,438ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,839TotalAmt
Management And General$1,839ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$3,000TotalAmt
Management And General$3,000ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$3,000TotalAmt
Management And General$3,000ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescASSIST. TO KU SCHLOARSHIPDesc
Total$191,870TotalAmt
Program Services$191,870ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$209,699TotalAmt
Program Services$191,870ProgramServicesAmt
Management And General$17,829ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$10,794BOYAmt
EOY$16,444EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$107,294BOYAmt
EOY$108,895EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$360,488BOYAmt
EOY$353,730EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$478,576BOYAmt
EOY$479,069EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$478,576BOYAmt
EOY$479,069EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$478,576BOYAmt
EOY$479,069EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$478,576BOYAmt
EOY$479,069EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$8,198ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$9,244NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$1,539OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewYes (true)AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$175,295CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$291,477CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,148,839CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$256,022CurrentTaxYearMinus1YearAmt
Current Tax Year$209,658CurrentTaxYearAmt
Total$2,081,291TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$175,295CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$291,477CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,148,839CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$256,022CurrentTaxYearMinus1YearAmt
Current Tax Year$209,658CurrentTaxYearAmt
Total$2,081,291TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$2,081,291PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years-$39,972CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$39,972CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$17,915CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$23,805CurrentTaxYearMinus1YearAmt
Current Tax Year$8,239CurrentTaxYearAmt
Total$49,959TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years-$39,972CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$39,972CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$17,915CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$23,805CurrentTaxYearMinus1YearAmt
Current Tax Year$8,239CurrentTaxYearAmt
Total$49,959TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$135,323CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$331,449CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,166,754CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$279,827CurrentTaxYearMinus1YearAmt
Current Tax Year$217,897CurrentTaxYearAmt
Total$2,131,250TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.97660PublicSupportCY509Pct
Public Support PY5090.95890PublicSupportPY509Pct
Investment Income CY0.02000InvestmentIncomeCYPct
Investment Income PY0.04000InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 11BALL MEMBERS REVIEWED BEFORE FILING.
FORM 990, PAGE 6, PART VI, LINE 19ALL DOCUMENTS ARE AVAILABLE FOR PUBLIC BY DISPLAYING AT PRINCIPAL BUSINESS PLACE.
FORM 990, PART XI, LINE 9PREVIOUSLY OMITTED PAY PAL ACCOUNT 1,539 TOTAL 1,539