Civic Intelligence

Anc Scholarship Foundation

990 • Fiscal year 2020 • EIN 20-4562752

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 15, 2021

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

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

17th percentile

-31%

Higher net margin than 17% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

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.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

25th percentile

-12%

Faster asset growth than 25% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

38th percentile

-27%

Faster revenue growth than 38% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$240,745

Down $33,655 (-12%) from 2019

Net Assets

Down

$240,745

Down $33,655 (-12%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin17th percentile

Revenue

Down

$107,818

Down $40,706 (-27%) from 2019

Expenses

Down

$141,473

Down $896 (-0.6%) from 2019

Net Income

Down

-$33,655

Down $39,810 (-647%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth25th 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

2020

Assets$240,745
Liabilities$0
Net Assets$240,745
Open 2020 Filing

Operations Trend

Revenue Growth38th 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

2020

Revenue$107,818
Expenses$141,473
Net Income-$33,655
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 15, 2021
Return Version
2020v4.0
Gross Receipts
$107,818
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$241,048$231,312▼ $9,736
Cash and Non-Interest-Bearing Accounts$33,352$9,433▼ $23,919
Total Assets$274,400$240,745▼ $33,655
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$274,400$240,745▼ $33,655
Total Net Assets Fund Balance$274,400$240,745▼ $33,655
Total Liabilities and Net Assets / Fund Balance$274,400$240,745▼ $33,655
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Ben KimDirector
Calvin ChaDirector
Carol KwonDirector
Chan S ShonDirector
Daniel KimDirector
Frances ChoeDirector
Frank KwonDirector
Hyun Cheol KimDirector
Hyun Jo ChoeDirector
James SohnDirector
Jason I KimDirector
Jeong Ki KimDirector
Jeonghoon ChoiDirector
John J SongDirector
Kyu Ho HanDirector
Kyung Mi ChoiDirector
Sang Young LeeDirector
Sangki SongDirector
Sean ChoeDirector
Soo Yeon KimDirector
Steve KimDirector
Tae KimDirector
Ung Soo KimDirector
Winston ChoeDirector
Raymond JinDirector/off
Jonathan KangCEO
Sungho RyuCFO
Revenue and Support

Revenue Composition

Contributions and Grants
$102,605
Program Service Revenue
$0
Investment Income
$5,213
Other Revenue
$0
All Other Contributions
$102,605
Change in Net Assets
$-33,655
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$138,500
Other Expenses$2,973
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$138,500--$138,500
Advertising$1,100--$1,100
Office Expenses$964$119-$1,083
Fees for Services Accounting-$790-$790
Total Functional Expenses$140,564$909$0$141,473
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 35% controlled entity
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
Jonathan Kang
Title
CEO
Phone
2136052655
Signed
2021-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jonathan Kang
Formed
2006
Legal Domicile
CA
Voting Board Members
27
Independent Board Members
27
Employees
0
Volunteers
50

Preparer

Firm
Kwon and Associates
Address
3530 WILSHIRE BLVD STE 680, 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.”

Form 990, Page 2, Part III, Line 4D

“AWARD CEREMONY.”

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IRS990/NoListedPersonsCompensatedInd0X
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0119
IRS990/OfficeExpensesGrp/ProgramServicesAmt0964
IRS990/OfficeExpensesGrp/TotalAmt01083
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JONATHAN KANG
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActyOtherGrp/Desc0AWARD CEREMONY.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0285
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0142388
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0135000
IRS990/PYInvestmentIncomeAmt06136
IRS990/PYOtherExpensesAmt07369
IRS990/PYRevenuesLessExpensesAmt06155
IRS990/PYTotalExpensesAmt0142369
IRS990/PYTotalRevenueAmt0148524
IRS990/ReconcilationRevenueExpnssAmt0-33655
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0241048
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0231312
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0102605
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0142388
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0237833
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0136500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0128382
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0128382
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0747708
IRS990ScheduleA/TotalSupportAmt0747708
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0138500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIP AWARDS
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/ExplanationTxt1AWARD CEREMONY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt0274400
IRS990/TotalAssetsGrp/EOYAmt0240745
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0909
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0140564
IRS990/TotalFunctionalExpensesGrp/TotalAmt0141473
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalOtherProgSrvcExpenseAmt0285
IRS990/TotalProgramServiceExpensesAmt0140564
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05213
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0107818
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0274400
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0240745
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt020234 VIA SANSOVINO
IRS990/USAddress/CityNm0NORTHRIDGE
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd091326
IRS990/VotingMembersGoverningBodyCnt027
IRS990/VotingMembersIndependentCnt027
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JONATHAN KANG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02136052655
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-07-15
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
ReturnHeader/Filer/USAddress/ZIPCd091342
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200549586

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$240,745
Liabilities
$0
Net assets
$240,745
Revenue
$107,818
Expenses
$141,473
Net income
-$33,655
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