Civic Intelligence

Kaist Us Foundation Inc.

990 • Fiscal year 2017 • EIN 26-0385131

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

Organization ProfileN/A
C/O Ckp 3435 Wilshire Blvd No 2240Los Angeles, CA 90010

(213) 480-9100

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.10x

Higher debt load relative to assets than 52% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

81st percentile

0.66x

Higher debt load relative to revenue than 81% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

18th percentile

-12%

Higher net margin than 18% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

64th percentile

8.5%

Faster asset growth than 64% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

98th percentile

376%

Faster revenue growth than 98% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Up

$2,076,590

Up $163,497 (+8.5%) from 2016

Net Assets

Down

$1,862,590

Down $40,503 (-2.1%) from 2016

Liabilities

Up

$214,000

Up $204,000 (+2040%) from 2016

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin18th percentile

Revenue

Up

$323,129

Up $255,220 (+376%) from 2016

Expenses

Up

$363,063

Up $238,708 (+192%) from 2016

Net Income

Up

-$39,934

Up $16,512 (+29%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth64th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $3,539,140Liabilities 2010: $15,000Net Assets 2010: $3,524,1402010Assets 2011: $3,050,146Liabilities 2011: $13,453Net Assets 2011: $3,036,6932011Assets 2012: $442,010Liabilities 2012: $13,500Net Assets 2012: $428,5102012Assets 2013: $422,116Liabilities 2013: $13,500Net Assets 2013: $408,6162013Assets 2014: $2,266,517Liabilities 2014: $13,500Net Assets 2014: $2,253,0172014Assets 2015: $1,975,539Liabilities 2015: $16,000Net Assets 2015: $1,959,5392015Assets 2016: $1,913,093Liabilities 2016: $10,000Net Assets 2016: $1,903,0932016Assets 2017: $2,076,590Liabilities 2017: $214,000Net Assets 2017: $1,862,5902017Assets 2018: $1,814,603Liabilities 2018: $33,336Net Assets 2018: $1,781,2672018Assets 2019: $1,688,374Liabilities 2019: $26,336Net Assets 2019: $1,662,0382019Assets 2020: $1,655,900Liabilities 2020: $26,336Net Assets 2020: $1,629,5642020Assets 2021: $1,623,455Liabilities 2021: $28,836Net Assets 2021: $1,594,6192021Assets 2022: $1,686,009Liabilities 2022: $27,836Net Assets 2022: $1,658,1732022Assets 2023: $1,713,265Liabilities 2023: $28,186Net Assets 2023: $1,685,0792023Assets 2024: $1,911,812Liabilities 2024: $28,736Net Assets 2024: $1,883,0762024

Highlighted filing

2017

Assets$2,076,590
Liabilities$214,000
Net Assets$1,862,590
Open 2017 Filing

Operations Trend

Revenue Growth98th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $6,245,5512010Expenses 2011: $659,7652011Expenses 2012: $2,804,4782012Revenue 2013: $111,630Expenses 2013: $131,990Net Income 2013: -$20,3602013Revenue 2014: $2,105,151Expenses 2014: $260,750Net Income 2014: $1,844,4012014Revenue 2015: $137,028Expenses 2015: $430,506Net Income 2015: -$293,4782015Revenue 2016: $67,909Expenses 2016: $124,355Net Income 2016: -$56,4462016Revenue 2017: $323,129Expenses 2017: $363,063Net Income 2017: -$39,9342017Revenue 2018: $251,383Expenses 2018: $332,707Net Income 2018: -$81,3242018Revenue 2019: $182,958Expenses 2019: $302,187Net Income 2019: -$119,2292019Revenue 2020: $111,076Expenses 2020: $143,550Net Income 2020: -$32,4742020Revenue 2021: $368,744Expenses 2021: $403,689Net Income 2021: -$34,9452021Revenue 2022: $187,006Expenses 2022: $123,452Net Income 2022: $63,5542022Revenue 2023: $166,666Expenses 2023: $139,760Net Income 2023: $26,9062023Revenue 2024: $339,327Expenses 2024: $141,330Net Income 2024: $197,9972024

Highlighted filing

2017

Revenue$323,129
Expenses$363,063
Net Income-$39,934
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$323,129
Mission and Program Overview

Mission

The foundation is organized and operated exclusively for charitable, educational, and scientific purposes, to the benefit, to perform functions, or to carry out the charitable purposes of the korea advanced institute of science and technology (kaist) and any other euducational institutions.

The foundation is organized and operated exclusively for charitable, educational, and scientific purposes, to the benefit, to perform functions, or to carry out the charitable purposes of the korea advanced institute of science and technology (kaist) and any other educational institution.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,828,875$1,778,500▼ $50,375
Cash and Non-Interest-Bearing Accounts$84,218$208,030▲ $123,812
Investments Other Securities$0$90,060▲ $90,060
Total Assets$1,913,093$2,076,590▲ $163,497
Liabilities
Accounts Payable and Accrued Expenses$10,000$214,000▲ $204,000
Total Liabilities$10,000$214,000▲ $204,000
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,903,093$1,862,590▼ $40,503
Total Net Assets Fund Balance$1,903,093$1,862,590▼ $40,503
Total Liabilities and Net Assets / Fund Balance$1,913,093$2,076,590▲ $163,497

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,778,500$156,500-
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Sung Mo KangPresident
Neil PappalardoDirector
Papken Der TorossianDirector
Youngsuk ChiDirector
Jewoo KimSecretary
Steve KahngTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$323,129
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$323,129
Change in Net Assets
$-39,934

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded160$90,629Fair Market Value (FMV)
Total Noncash Contributions160$90,629-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$212,500
Other Expenses$150,563
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$212,500--$212,500
Depreciation Depletion$50,375--$50,375
Fees for Services Accounting-$12,000-$12,000
Insurance$8,562--$8,562
Fees for Services Legal-$3,070-$3,070
Other Expenses$105$3,912-$105
Total Functional Expenses$299,062$64,001$0$363,063
International Activity

International Summary

Offices
0
Employees
0
Spending
$212,500

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
South KoreaThe Foundation Donated to Kaist Development Foundation (korea) for Scholarship Supports.To Support Scholarship and Award for the Host University.--$200,000
South KoreaThe Foundation Donated to Kaist Development Foundation (korea) to Support Kkt Workshop.To Support Host University That Hold Kkt Workshop.--$12,500
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The tax return is presented to governing body of the organization before filing for approval.”

Form 990, Part VI, Section B, Line 12C

“The organization makes its governing documents/conflict of interest policy and financial statements available upon request. The governing board requires all board members to file an annual statement of compliance with the orgaization's policies. Additionaly, the organization monitors the status of board of director members for any conflict of interest exists.”

Form 990, Part VI, Section C, Line 19

“The organization maintains board of directors meeting munutes as well the signature of all board members. The organization makes its financial statements available for public inspection upon request. The organization has a written conflict of interest policy.”

Filing and Contact Details

Filer

Filer Name
Kaist US Foundation Inc
EIN
26-0385131
Phone
2134809100
Address
C/O CKP 3435 WILSHIRE BLVD NO 2240, LOS ANGELES, CA 90010

Signing Officer

Name
Je Woo Kim
Title
Secretary
Phone
2134809100
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Je Woo Kim
Formed
2007
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Ckp Llp
Address
3435 WILSHIRE BL STE 240, LOS ANGELES, CA 90010
Preparer
Kiho Choi
Phone
2134809100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization has a committee that oversees financial statements review. There were no changes in the committee in fiscal year 2017.”

Financial Statement Notes

Schedule D, Part XIII

“Fin 48 footnote: on january 1, 2009, the foundation adopted the recognition requirements for uncertain income tax provisions as required by generally accepted accounting principles, with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. The foundation has analyzed the tax positions taken in its filings with the irs and state jurisdictions where it operates. The foundation believes that its income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse affect on the foundation's financial condition, results of operations or cash flows. Accordingly, the foundation has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at december 31, 2017.”

Raw XML Appendix385 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReviewInd01
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt010000
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0214000
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES, TO THE BENEFIT, TO PERFORM FUNCTIONS, OR TO CARRY OUT THE CHARITABLE PURPOSES OF THE KOREA ADVANCED INSTITUTE OF SCIENCE AND TECHNOLOGY (KAIST) AND ANY OTHER EDUCATIONAL INSTITUTION.
IRS990/AllOtherContributionsAmt0323129
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0KIHO CHOI
IRS990/BooksInCareOfDetail/PhoneNum02134809100
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03435 WILSHIRE BLVD STE 2240
IRS990/BooksInCareOfDetail/USAddress/CityNm0LOS ANGELES
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd090010
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt084218
IRS990/CashNonInterestBearingGrp/EOYAmt0208030
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0323129
IRS990/CYGrantsAndSimilarPaidAmt0212500
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0150563
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-39934
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0363063
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0323129
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt050375
IRS990/DepreciationDepletionGrp/TotalAmt050375
IRS990/Desc0THE FOUNDATION DONATED TO KAIST DEVELOPMENT FOUNDATION FOR THE PURPOSE OF THE KAIST, KEIO, TSINGHUA (KKT) WORKSHOP.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt012500
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt012000
IRS990/FeesForServicesAccountingGrp/TotalAmt012000
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt03070
IRS990/FeesForServicesLegalGrp/TotalAmt03070
IRS990/ForeignActivitiesInd01
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignGrantsGrp/ProgramServicesAmt0212500
IRS990/ForeignGrantsGrp/TotalAmt0212500
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt45.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt55.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0NEIL PAPPALARDO
IRS990/Form990PartVIISectionAGrp/PersonNm1SUNG MO KANG
IRS990/Form990PartVIISectionAGrp/PersonNm2STEVE KAHNG
IRS990/Form990PartVIISectionAGrp/PersonNm3JEWOO KIM
IRS990/Form990PartVIISectionAGrp/PersonNm4PAPKEN DER TOROSSIAN
IRS990/Form990PartVIISectionAGrp/PersonNm5YOUNGSUK CHI
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02007
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantAmt012500
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0323129
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt08562
IRS990/InsuranceGrp/TotalAmt08562
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt090060
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0156500
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01828875
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01778500
IRS990/LandBldgEquipCostOrOtherBssAmt01935000
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES, TO THE BENEFIT, TO PERFORM FUNCTIONS, OR TO CARRY OUT THE CHARITABLE PURPOSES OF THE KOREA ADVANCED INSTITUTE OF SCIENCE AND TECHNOLOGY (KAIST) AND ANY OTHER EUDUCATIONAL INSTITUTIONS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd01
IRS990/NetAssetsOrFundBalancesBOYAmt01903093
IRS990/NetAssetsOrFundBalancesEOYAmt01862590
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-569
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0LICENSES AND TAXES
IRS990/OtherExpensesGrp/Desc1FACILITY MANAGEMENT SER
IRS990/OtherExpensesGrp/Desc2PENALTY
IRS990/OtherExpensesGrp/Desc3BANK CHARGE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt045019
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13912
IRS990/OtherExpensesGrp/ProgramServicesAmt027520
IRS990/OtherExpensesGrp/ProgramServicesAmt1105
IRS990/OtherExpensesGrp/TotalAmt045019
IRS990/OtherExpensesGrp/TotalAmt127520
IRS990/OtherExpensesGrp/TotalAmt23912
IRS990/OtherExpensesGrp/TotalAmt3105
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JE WOO KIM
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0THE FOUNDATION DONATED TO KAIST DEVELOPMENT FOUNDATION FOR THE PURPOSE OF PROMOTING QUALCOMM INNOVATION AWARD FOR KAIST TO THE HOST UNIVERSITY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0200000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0200000
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt086562
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt016035
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt015000
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0109355
IRS990/PYOtherRevenueAmt051874
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-56446
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0124355
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt067909
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-39934
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0323129
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt016035
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0137000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02105000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0110030
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02691194
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt028
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0151
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01600
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01779
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99940
IRS990ScheduleA/PublicSupportPY170Pct00.99460
IRS990ScheduleA/PublicSupportTotal170Amt02743068
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt051874
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt051874
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0323129
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt067909
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0137000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02105000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0110030
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02743068
IRS990ScheduleA/TotalSupportAmt02744847
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01778500
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0156500
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01935000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 FOOTNOTE: ON JANUARY 1, 2009, THE FOUNDATION ADOPTED THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX PROVISIONS AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, WITH NO CUMULATIVE EFFECT ADJUSTMENT REQUIRED. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE FOUNDATION HAS ANALYZED THE TAX POSITIONS TAKEN IN ITS FILINGS WITH THE IRS AND STATE JURISDICTIONS WHERE IT OPERATES. THE FOUNDATION BELIEVES THAT ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE AFFECT ON THE FOUNDATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE FOUNDATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PART XIII
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01778500
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt012500
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt1200000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0SOUTH KOREA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1SOUTH KOREA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0TO SUPPORT HOST UNIVERSITY THAT HOLD KKT WORKSHOP.
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1TO SUPPORT SCHOLARSHIP AND AWARD FOR THE HOST UNIVERSITY.
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0THE FOUNDATION DONATED TO KAIST DEVELOPMENT FOUNDATION (KOREA) TO SUPPORT KKT WORKSHOP.
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1THE FOUNDATION DONATED TO KAIST DEVELOPMENT FOUNDATION (KOREA) FOR SCHOLARSHIP SUPPORTS.
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt012500
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1200000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE THROUGH FINANCIAL INSTITUTION(BANK)
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt1WIRE THROUGH FINANCIAL INSTITUTION(BANK)
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0BROADCOM CORPORATION DONATED TO KAIST DEVELOPMENT FOUNDATION (KOREA) FOR THE PURPOSE OF THE KAIST, KEIO, TSINGHUA (KKT) WORKSHOP.
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1QUALCOMM CORPORATION DONATED TO KAIST DEVELOPMENT FOUNDATION (KOREA) FOR THE PURPOSE OF PROVIDING QUALCOMM INNOVATION AWARD FOR KAIST TO THE HOST UNIVERSITY.
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0SOUTH KOREA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1SOUTH KOREA
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt0212500
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0THE CHAIRMAN AND A BOARD MEMBER REVIEW AND FOLLOW UP ON THE GRANTS DISBURSED TO THE BENEFICIARIES TO ENSURE THAT RESTRICTED FUNDS WERE PROPERLY USED BY KAIST DEVELOPMENT FOUNDATION (KOREA) AS WELL AS KAIST INTERNATIONAL ALUMNI ASSOCIATION.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt0212500
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt0160
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt090629
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAX RETURN IS PRESENTED TO GOVERNING BODY OF THE ORGANIZATION BEFORE FILING FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS/CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. THE GOVERNING BOARD REQUIRES ALL BOARD MEMBERS TO FILE AN ANNUAL STATEMENT OF COMPLIANCE WITH THE ORGAIZATION'S POLICIES. ADDITIONALY, THE ORGANIZATION MONITORS THE STATUS OF BOARD OF DIRECTOR MEMBERS FOR ANY CONFLICT OF INTEREST EXISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAINTAINS BOARD OF DIRECTORS MEETING MUNUTES AS WELL THE SIGNATURE OF ALL BOARD MEMBERS. THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS A COMMITTEE THAT OVERSEES FINANCIAL STATEMENTS REVIEW. THERE WERE NO CHANGES IN THE COMMITTEE IN FISCAL YEAR 2017.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/StatesWhereCopyOfReturnIsFldCd1CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01903093
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01862590
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01913093
IRS990/TotalAssetsEOYAmt02076590
IRS990/TotalAssetsGrp/BOYAmt01913093
IRS990/TotalAssetsGrp/EOYAmt02076590
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0323129
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt064001
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0299062
IRS990/TotalFunctionalExpensesGrp/TotalAmt0363063
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010000
IRS990/TotalLiabilitiesEOYAmt0214000
IRS990/TotalLiabilitiesGrp/BOYAmt010000
IRS990/TotalLiabilitiesGrp/EOYAmt0214000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01903093
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01862590
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt086562
IRS990/TotalProgramServiceExpensesAmt0299062
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0323129
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01913093
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02076590
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03003 N 1ST ST
IRS990/USAddress/CityNm0SAN JOSE
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd095134
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JE WOO KIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum02134809100
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KAIST US FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0KAIS
ReturnHeader/Filer/EIN0260385131
ReturnHeader/Filer/PhoneNum02134809100
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O CKP 3435 WILSHIRE BLVD NO 2240
ReturnHeader/Filer/USAddress/CityNm0LOS ANGELES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090010
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId03D1DBBA2150428ED86A40F5EAA52FF3A21BC581C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0BE9F2373D67F3E00876B789F656185D0E16568E4
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0216.240.50.242
ReturnHeader/FilingSecurityInformation/IPDt02018-11-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm010:31:57
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202227407
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CKP LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03435 WILSHIRE BL STE 240
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOS ANGELES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090010
ReturnHeader/PreparerPersonGrp/PhoneNum02134809100
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KIHO CHOI
ReturnHeader/ReturnTs02018-11-15T12:49:37-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,076,590
Liabilities
$214,000
Net assets
$1,862,590
Revenue
$323,129
Expenses
$363,063
Net income
-$39,934
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.91$0.03$1.88$0.34$0.14$0.20
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.71$0.03$1.69$0.17$0.14$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.69$0.03$1.66$0.19$0.12$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.62$0.03$1.59$0.37$0.40$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.66$0.03$1.63$0.11$0.14$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.69$0.03$1.66$0.18$0.30$0.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.81$0.03$1.78$0.25$0.33$0.08
2017Detailed filing. Detailed filing data is available for this year.$2.08$0.21$1.86$0.32$0.36$0.04
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.91$0.01$1.90$0.07$0.12$0.06
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.98$0.02$1.96$0.14$0.43$0.29
2014Detailed filing. Detailed filing data is available for this year.$2.27$0.01$2.25$2.11$0.26$1.84
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.42$0.01$0.41$0.11$0.13$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.01$0.43$2.80
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.05$0.01$3.04$0.66
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.54$0.02$3.52$6.25