Civic Intelligence

Anc Scholarship Foundation

990 • Fiscal year 2018 • EIN 20-4562752

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 22, 2019

Organization ProfileN/A
10000 Foothill BlvdLake View Terrace, CA 91342

(213) 383-7767

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

92nd percentile

50%

Higher net margin than 92% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

89th percentile

82%

Faster asset growth than 89% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

90th percentile

74%

Faster revenue growth than 90% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$268,245

Up $120,672 (+82%) from 2017

Net Assets

Up

$268,245

Up $120,672 (+82%) from 2017

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin92nd percentile

Revenue

Up

$239,726

Up $101,891 (+74%) from 2017

Expenses

Down

$118,819

Down $2,725 (-2.2%) from 2017

Net Income

Up

$120,907

Up $104,616 (+642%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2010: $95,574Net Assets 2010: $95,5742010Assets 2011: $109,347Net Assets 2011: $109,3472011Assets 2012: $113,423Net Assets 2012: $113,4232012Assets 2013: $152,985Net Assets 2013: $152,9852013Assets 2014: $144,611Net Assets 2014: $144,6112014Assets 2015: $138,784Liabilities 2015: $0Net Assets 2015: $138,7842015Assets 2016: $131,282Liabilities 2016: $0Net Assets 2016: $131,2822016Assets 2017: $147,573Net Assets 2017: $147,5732017Assets 2018: $268,245Liabilities 2018: $0Net Assets 2018: $268,2452018Assets 2019: $274,400Liabilities 2019: $0Net Assets 2019: $274,4002019Assets 2020: $240,745Liabilities 2020: $0Net Assets 2020: $240,7452020Assets 2021: $231,121Liabilities 2021: $0Net Assets 2021: $231,1212021Assets 2022: $222,212Liabilities 2022: $0Net Assets 2022: $222,2122022Assets 2023: $222,291Liabilities 2023: $0Net Assets 2023: $222,2912023Assets 2024: $248,287Liabilities 2024: $0Net Assets 2024: $248,2872024

Highlighted filing

2018

Assets$268,245
Liabilities$0
Net Assets$268,245
Open 2018 Filing

Operations Trend

Revenue Growth90th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2010: $85,867Expenses 2010: $61,086Net Income 2010: $24,7812010Revenue 2011: $79,198Expenses 2011: $65,425Net Income 2011: $13,7732011Revenue 2012: $83,001Expenses 2012: $78,925Net Income 2012: $4,0762012Revenue 2013: $94,349Expenses 2013: $54,787Net Income 2013: $39,5622013Revenue 2014: $67,155Expenses 2014: $75,529Net Income 2014: -$8,3742014Revenue 2015: $145,916Expenses 2015: $147,573Net Income 2015: -$1,6572015Revenue 2016: $129,373Expenses 2016: $136,874Net Income 2016: -$7,5012016Revenue 2017: $137,835Expenses 2017: $121,544Net Income 2017: $16,2912017Revenue 2018: $239,726Expenses 2018: $118,819Net Income 2018: $120,9072018Revenue 2019: $148,524Expenses 2019: $142,369Net Income 2019: $6,1552019Revenue 2020: $107,818Expenses 2020: $141,473Net Income 2020: -$33,6552020Revenue 2021: $104,633Expenses 2021: $114,257Net Income 2021: -$9,6242021Revenue 2022: $110,769Expenses 2022: $119,678Net Income 2022: -$8,9092022Revenue 2023: $136,518Expenses 2023: $136,439Net Income 2023: $792023Revenue 2024: $140,292Expenses 2024: $114,296Net Income 2024: $25,9962024

Highlighted filing

2018

Revenue$239,726
Expenses$118,819
Net Income$120,907
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 22, 2019
Return Version
2018v3.1
Gross Receipts
$239,726
Mission and Program Overview

Mission

The specific purpose is to assist needy students in pursuit of academic and personal achievement and to encourage those students to participate in community and civic services as an integral part of leadership development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$126,208$238,101▲ $111,893
Cash and Non-Interest-Bearing Accounts$21,365$30,144▲ $8,779
Total Assets$147,573$268,245▲ $120,672
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$147,573$268,245▲ $120,672
Total Net Assets Fund Balance$147,573$268,245▲ $120,672
Total Liabilities and Net Assets / Fund Balance$147,573$268,245▲ $120,672
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
John J SongCEO/director
Chan S ShonDirector
Choik KwonDirector
Daniel KimDirector
Frances ChoeDirector
Frank KwonDirector
Harry LeeDirector
Hyun Jo ChoeDirector
Jason I KimDirector
Jeong Ki KimDirector
Jonathan KangDirector
Joon Ro LeeDirector
Ki Sang SongDirector
Kyu Ho HanDirector
Sangki SongDirector
Sean ChoeDirector
Steve KimDirector
Tae KimDirector
Ung Soo KimDirector
Weoncheol JooDirector
Winston ChoeDirector
Young Sin HwangDirector
Soo Yeon KimCFO
Jeonghoon ChoiSecretary/di
Revenue and Support

Revenue Composition

Contributions and Grants
$237,833
Program Service Revenue
$0
Investment Income
$1,893
Other Revenue
$0
All Other Contributions
$237,833
Change in Net Assets
$120,907
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$112,500
Other Expenses$6,319
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$112,500--$112,500
Fees for Services Accounting$2,185--$2,185
Conferences and Meetings$1,904--$1,904
Advertising$1,100--$1,100
Office Expenses$955--$955
Information Technology$175--$175
Total Functional Expenses$118,819$0$0$118,819
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Anc Scholarship Foundation
EIN
20-4562752
Phone
2133837767
Address
10000 FOOTHILL BLVD, LAKE VIEW TERRACE, CA 91342

Signing Officer

Name
John J Song
Title
CEO/director
Phone
8183573942
Signed
2019-07-22

Organization Details

Principal Officer
John J Song
Formed
2006
Legal Domicile
CA
Voting Board Members
25
Independent Board Members
25
Employees
0

Preparer

Firm
Kwon and Associates
Address
3530 WILSHIRE BLVD STE 1070, LOS ANGELES, CA 90010
Preparer
Choik Kwon
Phone
2133837767
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The specific purpose is to assist needy students in pursuit of academic and personal achievement and to encourage those students to participate in community and civic services as an integral part of leadership development.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0112500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIP AWARDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt070
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SPECIFIC PURPOSE IS TO ASSIST NEEDY STUDENTS IN PURSUIT OF ACADEMIC AND PERSONAL ACHIEVEMENT AND TO ENCOURAGE THOSE STUDENTS TO PARTICIPATE IN COMMUNITY AND CIVIC SERVICES AS AN INTEGRAL PART OF LEADERSHIP DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt0237833
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0118819
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0147573
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IRS990/USAddress/AddressLine1Txt08850 LA PALMA AVENUE UNIT 416
IRS990/USAddress/CityNm0BUENA PARK
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090620
IRS990/VotingMembersGoverningBodyCnt025
IRS990/VotingMembersIndependentCnt025
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN J SONG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO/DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08183573942
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ANC SCHOLARSHIP FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0ANCS
ReturnHeader/Filer/EIN0204562752
ReturnHeader/Filer/PhoneNum02133837767
ReturnHeader/Filer/USAddress/AddressLine1Txt010000 FOOTHILL BLVD
ReturnHeader/Filer/USAddress/CityNm0LAKE VIEW TERRACE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId02AF561AED5CF417DF4A8F4480DC7452C8E7912DA
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId035D3879163D6E86CE39169CEF1932A0DEFAB2344
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02019-07-30
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm016:40:39
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200549586
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KWON AND ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03530 WILSHIRE BLVD STE 1070
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOS ANGELES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090010
ReturnHeader/PreparerPersonGrp/PhoneNum02133837767
ReturnHeader/PreparerPersonGrp/PreparationDt02019-07-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHOIK KWON
ReturnHeader/ReturnTs02019-07-30T16:40:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$268,245
Liabilities
$0
Net assets
$268,245
Revenue
$239,726
Expenses
$118,819
Net income
$120,907
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.48$0.00$2.48$1.40$1.14$0.26
2023Detailed filing. Detailed filing data is available for this year.$2.22$0.00$2.22$1.37$1.36$0.00
2022Detailed filing. Detailed filing data is available for this year.$2.22$0.00$2.22$1.11$1.20$0.09
2021Detailed filing. Detailed filing data is available for this year.$2.31$0.00$2.31$1.05$1.14$0.10
2020Detailed filing. Detailed filing data is available for this year.$2.41$0.00$2.41$1.08$1.41$0.34
2019Detailed filing. Detailed filing data is available for this year.$2.74$0.00$2.74$1.49$1.42$0.06
2018Detailed filing. Detailed filing data is available for this year.$2.68$0.00$2.68$2.40$1.19$1.21
2017Detailed filing. Detailed filing data is available for this year.$1.48$1.48$1.38$1.22$0.16
2016Detailed filing. Detailed filing data is available for this year.$1.31$0.00$1.31$1.29$1.37$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.39$0.00$1.39$1.46$1.48$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.45$1.45$0.67$0.76$0.08
2013Detailed filing. Detailed filing data is available for this year.$1.53$1.53$0.94$0.55$0.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$1.13$0.83$0.79$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$1.09$0.79$0.65$0.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.96$0.86$0.61$0.25
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • <$500k nonprofits