KWON FOUNDATION INC: Form 990PF, tax year 2025
View the entire original 990 at ProPublica ↗
- Organization
- KWON FOUNDATION INC (EIN 47-5267415)
- Tax period
- 2025-01-01 to 2025-12-31
- Filed
- 2026-05-13
- IRS object ID
- 202621339349104412
- Schema version
- 2025v4.0
- 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
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-05-13T19:56:44-04:00 | ReturnTs |
| Tax Period End | 2025-12-31 | 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 | 2025-01-01 | 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 | 2026-05-01 | SignatureDt |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TAE MIN KIM | PreparerPersonNm |
| PTIN | P00834265 | PTIN |
| Phone | 5167732450 | PhoneNum |
| Preparation | 2026-05-13 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2025 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $4,631,822 | 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 | $1,618 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $1,618 | InterestOnSavNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $416,924 | GrossRentsRevAndExpnssAmt |
| Net Rental Income Or Loss | $59,701 | NetRentalIncomeOrLossAmt |
| Total Rev And Expnss | $418,542 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,618 | TotalNetInvstIncmAmt |
| Interest Rev And Expnss | $125,921 | InterestRevAndExpnssAmt |
| Taxes Rev And Expnss | $115,858 | TaxesRevAndExpnssAmt |
| Deprec And Dpltn Rev And Expnss | $5,792 | DeprecAndDpltnRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $120,566 | OtherExpensesRevAndExpnssAmt |
| Tot Opr Expenses Rev And Expnss | $368,137 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $71,850 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $71,850 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $439,987 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $71,850 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$21,445 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,618 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $77,687 | CashBOYAmt |
| Cash EOY | $30,204 | CashEOYAmt |
| Cash EOYFMV | $30,204 | CashEOYFMVAmt |
| Sav And Temp Cash Invst EOY | $101,618 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $101,618 | SavAndTempCashInvstEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $1,264,559 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,178,802 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $91,549 | LandBOYAmt |
| Land EOY | $85,757 | LandEOYAmt |
| Land EOYFMV | $4,500,000 | LandEOYFMVAmt |
| Total Assets BOY | $169,236 | TotalAssetsBOYAmt |
| Total Assets EOY | $217,579 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $4,631,822 | TotalAssetsEOYFMVAmt |
| Loans From Officers BOY | $256,000 | LoansFromOfficersBOYAmt |
| Loans From Officers EOY | $376,000 | LoansFromOfficersEOYAmt |
| Mortgages And Notes Payable BOY | $2,583,992 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $2,533,780 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $40,600 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $40,600 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $2,880,592 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,950,380 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $5,307 | CapitalStockBOYAmt |
| Capital Stock EOY | $5,307 | CapitalStockEOYAmt |
| Retained Earning BOY | -$2,716,663 | RetainedEarningBOYAmt |
| Retained Earning EOY | -$2,738,108 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | -$2,711,356 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | -$2,732,801 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $169,236 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $217,579 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | -$2,711,356 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$21,445 | ExcessRevenueOverExpensesAmt |
| Subtotal | -$2,732,801 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | -$2,732,801 | TotNetAstOrFundBalancesEOYAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $22 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $22 | SubtotalAmt |
| Tax Based On Investment Income | $22 | TaxBasedOnInvestmentIncomeAmt |
| Tax Due | $22 | TaxDueAmt |
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 | 6.00 | $0 | $0 | $0 |
| MIN OK KWON | ||||||||
| 51 WEST OVERLOOK | PORT WASHINGTON | NY | 11050 | TREASURER/SE | 3.00 | $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 |
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 | $104,755 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $4,500,000 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $4,604,755 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $2,558,886 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $2,045,869 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $30,688 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $2,015,181 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $100,759 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $100,759 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $22 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $22 | TotalTaxAmt |
| Distributable Before Adj | $100,737 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $100,737 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $100,737 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $71,850 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $71,850 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $100,737 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $41,682 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $44,474 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $7,533 | ExcessDistributionCyovYr3Amt |
| Total Excess Distribution Cyov | $93,689 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $71,850 | QualifyingDistributionsAmt |
| Applied To Current Year | $71,850 | AppliedToCurrentYearAmt |
| Excess Distri Cyov App CY Corpus | $28,887 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $28,887 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $64,802 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $12,795 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $52,007 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $44,474 | ExcessFromYear4Amt |
| Excess From Year3 | $7,533 | ExcessFromYear3Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (27 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusCd | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt | Recipient RelationshipRecipientRelationshipTxt |
|---|---|---|---|---|---|---|---|---|
| AMERICAN ALZHEIMER ASSOC | ||||||||
| 225 N MICHIGAN AVE | CHICAGO | IL | 60601 | PC | COMMUNITY SUPPORT | $50 | ||
| AMERICAN CANCE SOCIETY | ||||||||
| PO BOX 910 | NEW YORK | NY | 10101 | PC | COMMUNITY SUPPORT | $50 | ||
| AMERICAN HEART ASSOCIATION | ||||||||
| PO BOX 78851 | PHEONIX | AZ | 85062 | PC | MEDICAL REARCH SUPPORT | $50 | ||
| AMERICAN LUNG ASSOCIATION | ||||||||
| PO BOX 70360 | PHILADELPHIA | PA | 19176 | PC | MEDICAL RESEARCH SUPPORT | $50 | ||
| DENVER SEMINARY | ||||||||
| 6399 S SANTA FE DRIVE | LITTLETON | CO | 80120 | PC | CHRISTIAN EDUCATION SUPPORT | $1,000 | ||
| DONG DUK GIRL'S HIGH SCHOOL ALUMNI | ||||||||
| 222 14 ST | PALISADES PARK | NJ | 07650 | PC | SCHOLARSHIP SUPPORT | $500 | ||
| FOOD FOR POOR | ||||||||
| 6401 LYON RD | COCONUT CREEK | FL | 33097 | PC | COMMUNITY SUPPORT | $50 | PO BOX 979004 | |
| GLOBAL CHILDREN'S FOUNDATION | ||||||||
| 4026 THIRD ST | SAN FRANCISCO | CA | 94124 | PC | CHILRDREN CARE SUPPORT | $500 | ||
| INCA MISSION | ||||||||
| 8915 FRANCIS LEWIS BLVD | QUEENS VILLAGE | NY | 11427 | NC | CHRISTIAN MISSION SUPPORT | $1,000 | ||
| INTERNATIONAL FOUNDATION FOR SKK UN | ||||||||
| 15209 FREDRICK RD STE 204 | ROCKVILLE | MD | 20850 | PC | SCHOLARSHIP FOR STUDENTS | $13,000 | ||
| KOREAN ALUMNI ASSOC OF NBTS INC | ||||||||
| 269-12 80TH AVE | NEW HYDE PARK | NY | 11040 | PC | SCHOLARSHIP SUPPORT | $1,000 | ||
| KOREAN AMERICAN SCHOLARSHIP FOUNDAT | ||||||||
| 463 SEVENTH AVE | NEW YORK | NY | 10018 | PC | SCHOLARSHIP FOR COLLEGE STUDENTS | $3,000 | ||
| KOREAN AMERICAN SCHOLARSHIP FOUNDAT | ||||||||
| 10045 BRISBANE LANE | HIGHLAND RANCH | CO | 80130 | PC | SCHOLARSHOP FOR COLLEGE STUDENTS | $28,000 | ||
| KOREAN CHINESE MISSION CHURCH | ||||||||
| 4015 149TH STREET | FLUSHING | NY | 11354 | PC | CHURCH DONATION | $1,000 | ||
| LIGHT & LOVE NY INC | ||||||||
| 4 MARTINE AVE | WHITE PLAINS | NY | 10606 | PC | CHRISTIAN MAZAZINE PUBLICATION | $4,500 | NA | |
| NEW BRUNSWICK THEOLOGY SEMINARY | ||||||||
| 35 SEMINARY PLACE | NEW BRUNSWICK | NJ | 08901 | PC | CHRISTIAN EDUCATION SUPPORT | $1,000 | ||
| OHIO NORTHERN UNIVERSITY | ||||||||
| 525 S MAIN STREET | ADA | OH | 45810 | PF | EDUCATION SUPPORT | $1,000 | ||
| OREGON WOMEN PRISON MINISTRY | ||||||||
| 3405 NW BLACKCOMB DR | PORTLAND | OR | 97229 | PC | CHRISTIAN MISSION SUPPORT | $1,500 | ||
| PGH AMERICA FOUNDATION | ||||||||
| 225-06 MERRICK BLVD | LAURELTON | NY | 11413 | PF | COMMUNITY SUPPORT | $350 | ||
| PINEHURST FOUNDATION | ||||||||
| 6255 W QUINCY AVE | DENVER | CO | 80235 | PC | COMMUNITY SUPPORT | $2,000 | ||
| PRES RHEE SYNGMAN MEMORIAL ASSOC | ||||||||
| 130-30 31ST AVE | FLUSHING | NY | 11354 | PC | COMMUNITY SUPPORT | $1,000 | ||
| SHRINERS PROCESSING CENTER | ||||||||
| PO BOX 1510 | RANSOM | WV | 25438 | PC | COMMUNITY SUPPORT | $50 | ||
| SIERRA CLUB | ||||||||
| PO BOX 7061 | MERRY FIELD | VA | 22116 | PC | COMMIUNITY SUPPORT | $50 | ||
| ST JOSEPH'S INDIAN SCHOOL | ||||||||
| 1301 N MAIN STREET | CHAMBERLAIN | SD | 57325 | PC | EUCATION SUPPORT | $50 | ||
| STUMP MISSION NY INC | ||||||||
| 35-11 150TH ST | FLUSHING | NY | 11354 | PC | CHRISTIAN MISSION SUPPORT | $5,500 | ||
| TREE OF LIFE PRESBYT CHURCH | ||||||||
| 14190 E JEWELL AVE | AURORA | CO | 80012 | PC | CHURCH DONATION | $3,000 | ||
| YALE PRESYTERIAN CHURCH | ||||||||
| 17 NEW SOUTH RD | HICKSVILLE | NY | 11861 | PC | CHURCH DONATION | $2,600 | NA | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $71,850 | 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 | $1,618 | RelatedOrExemptFunctionIncmAmt |
Net Rntl Incm Re Debt Fincd Prop NetRntlIncmReDebtFincdPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 531120 | BusinessCd |
| Unrelated Business Taxbl Incm | $59,701 | UnrelatedBusinessTaxblIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $59,701 | UnrelatedBusinessTaxblIncmAmt |
| Related Or Exempt Function Incm | $1,618 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $61,319 | 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 |
|---|---|---|---|---|---|---|
| REAL 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 | $21,465 | S/L | 40.0000 | $601 |
| IMPROVEMENT | 1983-12-01 | $45,000 | $45,000 | S/L | 40.0000 | |
| IMPROVEMENTS | 2001-11-01 | $53,500 | $29,594 | S/L | 40.0000 | $1,337 |
| IMPROVEMENTS | 2004-06-30 | $44,122 | $22,107 | S/L | 39.0000 | $1,132 |
| FIXTURES & EQUIPMENT | 2004-06-30 | $23,758 | $23,758 | 200DB | 7.0000 | |
| ROOF | 2007-06-30 | $15,000 | $6,363 | S/L | 39.0000 | $384 |
| IMPROVEMENTS | 2010-06-30 | $25,670 | $8,913 | S/L | 39.0000 | $658 |
| IMPROVEMENTS | 2011-06-30 | $20,000 | $6,432 | S/L | 39.0000 | $513 |
| AIR CONDITIONING | 2016-05-15 | $36,555 | $36,555 | 200DB | 7.0000 | |
| REFINANCING COSTS | 2017-06-30 | $11,664 | $7,581 | S/L | 10.0000 | $1,167 |
| 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 | $1,178,802 | AccumulatedDepreciationAmt |
| Book Value | $85,757 | BookValueAmt |
| EOYFMV | $4,500,000 | EOYFMVAmt |
Loans From Officers Schedule LoansFromOfficersSchedule
Loans From Officer LoansFromOfficerGrp (7 entries)
| TitleTitleTxt | Loan OriginalLoanOriginalAmt | Balance DueBalanceDueAmt | NoteNoteDt | InterestInterestRt | Loan PurposeLoanPurposeTxt |
|---|---|---|---|---|---|
| TAE JIN KWON | |||||
| PRESIDENT | $50,000 | $50,000 | 2022-06 | 0.0500 | FOUNDATION OPERATING FUND |
| MIN OK KWON | |||||
| TRESURER/SECRETARY | $50,000 | $50,000 | 2022-06 | 0.0500 | FOUNDATION OPERATING FUND |
| TAE JIN KWON | |||||
| PRESIDENT | $25,000 | $13,000 | 2022-10 | 0.0500 | FOUNDATION OPERATING FUND |
| MIN OK KWON | |||||
| TRESURER/SECRETARY | $25,000 | $13,000 | 2022-10 | 0.0500 | FOUNDATION OPERATING FUND |
| KCM KWON LLC | |||||
| $100,000 | $100,000 | 2023-08 | 0.0500 | FOUNDATION OPERATING FUND | |
| TAE JIN KWON | |||||
| PRESIDENT | $30,000 | $30,000 | 2023-01 | 0.0500 | FOUNDATION OPERATING FUND |
| TAE JIN KWON | |||||
| PRESIDENT | $120,000 | $120,000 | 2025-12 | 0.0500 | 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 | $2,533,780 | 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 (14 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt |
|---|---|
| 1530 BLAKE STREET | |
| ADVERTISEMENT | $3,000 |
| BROKER FEE | $2,670 |
| INSPECTIONS & PERMITS | $386 |
| INSURANCE | $15,979 |
| MAINTENANCE & MANAGEMENT | $40,500 |
| PAINTING | $1,200 |
| PROFESSIONAL FEES | $1,450 |
| REPAIRS | $29,500 |
| TRAVEL | $742 |
| UTILITIES | $15,586 |
| WATER & SEWER | $8,991 |
| EXPENSES | |
| PENALTY | $562 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SECURITY DEPOSITS PAYABLE | Desc |
| BOY Book Value | $40,600 | BOYBookValueAmt |
| EOY Book Value | $40,600 | EOYBookValueAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| FEDERAL INCOME TAX (990-T) | $10,352 |
| 1530 BLAKE STREET | $105,506 |