STRATEGY STUDIO / PUBLIC DATA EXPLORER

INTERNATIONAL FOUNDATION FOR KOREA UNIVERSITY INC: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
INTERNATIONAL FOUNDATION FOR KOREA UNIVERSITY INC (EIN 13-3995485)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-09-17
IRS object ID
201502609349300500
Schema version
2014v5.0
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

FieldValueIRS element (for citing)
Return2015-09-17T07:40:27-05:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

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 Begin2014-01-01TaxPeriodBeginDt

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 BROADWAYAddressLine1Txt
Address Line2ROOM/SUITE 306AddressLine2Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10018ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWAN-MO KANGPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone6098956638PhoneNum
Signature2015-09-17SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKENNETH K LEECPAPreparerPersonNm
PTINP00956025PTIN
Phone2127689144PhoneNum
Preparation2015-09-17PreparationDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerWAN-MO KANGPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line115 AUTUMN HILL RDAddressLine1Txt
CityPRINCETONCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08540ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$279,827GrossReceiptsAmt
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 Body20VotingMembersGoverningBodyCnt
Voting Members Independent0VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$1,148,839PYContributionsGrantsAmt
CY Contributions Grants$256,022CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$17,915PYInvestmentIncomeAmt
CY Investment Income$23,805CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,166,754PYTotalRevenueAmt
CY Total Revenue$279,827CYTotalRevenueAmt
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$120,481PYOtherExpensesAmt
CY Other Expenses$1,276,677CYOtherExpensesAmt
PY Total Expenses$120,481PYTotalExpensesAmt
CY Total Expenses$1,276,677CYTotalExpensesAmt
PY Revenues Less Expenses$1,046,273PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$996,850CYRevenuesLessExpensesAmt
Total Assets BOY$1,475,426TotalAssetsBOYAmt
Total Assets EOY$478,576TotalAssetsEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,475,426NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$478,576NetAssetsOrFundBalancesEOYAmt
MissionEDUCATIONAL & CHARITABLEMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
DescTO PROVIDE ASSISTANCE TO IMPROVE SCHOOL FACILITIES OF KOREA UNIVERSITY.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$1,258,600ExpenseAmt
DescTO PROVIDE SCHOLARSHIPS.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$1,258,600TotalProgramServiceExpensesAmt
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 Members20GoverningBodyVotingMembersCnt
Independent Voting Member0IndependentVotingMemberCnt
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

FieldValueIRS element (for citing)
PersonWAN MO KANGPersonNm
Phone6096881137PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line115 AUTUMN HILL RDAddressLine1Txt
CityPRINCETONCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08540ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (20 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
SUNGJIN JI ESQ
DIRECTORYes (X)$0$0$0
MUN RYANG CHUNG
DIRECTORYes (X)$0$0$0
JOUNG SOOK LIM
DIRECTORYes (X)$0$0$0
JIN H JINNIE KANG
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
DIRECTORYes (X)$0$0$0
SIMON SOODONG LEE
DIRECTORYes (X)$0$0$0
SANG YONG KIM
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$256,022AllOtherContributionsAmt
Total Contributions$256,022TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$23,805TotalRevenueColumnAmt
Exclusion$23,805ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$279,827TotalRevenueColumnAmt
Exclusion$23,805ExclusionAmt

Fees For Services Accounting FeesForServicesAccountingGrp

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

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$7,467TotalAmt
Management And General$7,467ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$3,771TotalAmt
Management And General$3,771ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,564TotalAmt
Management And General$1,564ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

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

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
ASSIST. TO KU SCHLOARSHIP$1,258,400$1,258,400
REGISTRATION FEE$275$275
ASSISTANCE TO KU AMERICA$200$200

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,276,677TotalAmt
Program Services$1,258,600ProgramServicesAmt
Management And General$18,077ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$37,079BOYAmt
EOY$10,791EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,140,421BOYAmt
EOY$120,704EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$297,926BOYAmt
EOY$347,081EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,475,426BOYAmt
EOY$478,576EOYAmt

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$1,475,426BOYAmt
EOY$478,576EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,475,426BOYAmt
EOY$478,576EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,475,426BOYAmt
EOY$478,576EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$996,850ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd

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$302,521CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$175,295CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$291,477CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,148,839CurrentTaxYearMinus1YearAmt
Current Tax Year$256,022CurrentTaxYearAmt
Total$2,174,154TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$302,521CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$175,295CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$291,477CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,148,839CurrentTaxYearMinus1YearAmt
Current Tax Year$256,022CurrentTaxYearAmt
Total$2,174,154TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$2,174,154PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$51,539CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years-$39,972CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$39,972CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$17,915CurrentTaxYearMinus1YearAmt
Current Tax Year$23,805CurrentTaxYearAmt
Total$93,259TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$51,539CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years-$39,972CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$39,972CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$17,915CurrentTaxYearMinus1YearAmt
Current Tax Year$23,805CurrentTaxYearAmt
Total$93,259TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$354,060CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$135,323CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$331,449CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,166,754CurrentTaxYearMinus1YearAmt
Current Tax Year$279,827CurrentTaxYearAmt
Total$2,267,413TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.95890PublicSupportCY509Pct
Public Support PY5090.96180PublicSupportPY509Pct
Investment Income CY0.04000InvestmentIncomeCYPct
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 (2 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.