Civic Intelligence

Otefe Foundation Inc.

990PF • Fiscal year 2022 • EIN 46-1628941

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 16, 2023

3450 Wilshire Blvd Suite 108-10BLos Angeles, CA 90010

(877) 829-5500

Siviq Scores

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

Liabilities / Assets

24th percentile

0.00x

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

2022 filings • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2022

Net Margin

99th percentile

294%

Higher net margin than 99% of similar nonprofits.

2022 filings • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

32nd percentile

$0

Higher top officer pay than 32% of similar nonprofits.

2022 filings • $5M-$10M nonprofits • Source year 2022

Asset Growth

10th percentile

-16%

Faster asset growth than 10% of similar nonprofits.

2022 filings • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2022

Assets

Flat

$6,783,270

Flat from 2022

Net Assets

$6,783,270

No earlier filing loaded for comparison.

Liabilities

Down

$0

Down $1 (-100%) from 2022

Revenue

Flat

-$193,682

Flat from 2022

Expenses

Flat

$375,060

Flat from 2022

Net Income

Flat

-$568,742

Flat from 2022

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2013: $8,692,098Liabilities 2013: $02013Assets 2014: $8,443,650Liabilities 2014: $02014Assets 2015: $8,148,219Liabilities 2015: $0Net Assets 2015: $8,148,2192015Assets 2016: $8,111,570Liabilities 2016: $0Net Assets 2016: $8,111,5702016Assets 2017: $8,378,409Liabilities 2017: $0Net Assets 2017: $8,378,4102017Assets 2018: $7,759,298Liabilities 2018: $0Net Assets 2018: $7,759,2982018Assets 2019: $8,183,944Liabilities 2019: $0Net Assets 2019: $8,183,9442019Assets 2020: $8,305,849Liabilities 2020: $0Net Assets 2020: $8,305,8492020Assets 2021: $8,035,861Liabilities 2021: $0Net Assets 2021: $8,035,8612021Assets 2022: $6,783,270Liabilities 2022: $0Net Assets 2022: $6,783,2702022Assets 2022: $6,783,270Liabilities 2022: $12022Assets 2023: $7,212,894Liabilities 2023: $12023Assets 2024: $7,403,838Liabilities 2024: $0Net Assets 2024: $7,403,8382024

Highlighted filing

2022

Assets$6,783,270
Liabilities$0
Net Assets$6,783,270

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2013: $8,692,098Expenses 2013: $0Net Income 2013: $8,692,0982013Revenue 2014: $204,344Expenses 2014: $452,792Net Income 2014: -$248,4482014Revenue 2015: $314,874Expenses 2015: $487,351Net Income 2015: -$172,4772015Revenue 2016: $274,702Expenses 2016: $489,198Net Income 2016: -$214,4962016Revenue 2017: $375,215Expenses 2017: $439,863Net Income 2017: -$64,6482017Revenue 2018: $274,944Expenses 2018: $463,789Net Income 2018: -$188,8452018Revenue 2019: $437,030Expenses 2019: $441,517Net Income 2019: -$4,4872019Revenue 2020: $550,248Expenses 2020: $459,102Net Income 2020: $91,1462020Revenue 2021: $393,318Expenses 2021: $492,615Net Income 2021: -$99,2972021Revenue 2022: -$193,682Expenses 2022: $375,060Net Income 2022: -$568,7422022Revenue 2022: -$193,682Expenses 2022: $375,060Net Income 2022: -$568,7422022Revenue 2023: -$156,214Expenses 2023: $404,112Net Income 2023: -$560,3262023Revenue 2024: $331,848Expenses 2024: $360,379Net Income 2024: -$28,5312024

Highlighted filing

2022

Revenue-$193,682
Expenses$375,060
Net Income-$568,742
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 16, 2023
Return Version
2022v5.0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alex KoChief Executive Officer-$0--
John Y KimSecretary-$0--
Richard KimChief Financial Officer-$0--
Filing and Contact Details

Filer

Filer Name
OTEFE Foundation Inc
EIN
46-1628941
In Care Of
% ALEX KO
Phone
8778295500
Address
3450 Wilshire Blvd Suite 108-10B, Los Angeles, CA 90010

Signing Officer

Name
Alex Ko
Title
CEO
Phone
2134276560
Signed
2023-10-16
Discuss with paid preparer
Yes

Preparer

Firm
Williamsmarston LLC
Address
ONE WASHINGTON STREET 9TH FLOOR, BOSTON, MA 02108
Preparer
Stephanie Chen
Phone
3108201025
Raw XML Appendix346 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.

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AccountingFeesSchedule/AccountingFeesDetail/DisbursementsCharitablePrpsAmt01070
AllOthProgRltdInvestmentsSch/AllOtherProgramRelatedInvstGrp/Desc0NONE
InvestmentsOtherSchedule2/InvestmentsOtherGrp/BookValueAmt03488323
InvestmentsOtherSchedule2/InvestmentsOtherGrp/BookValueAmt13222102
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt0CHARLES SCHWAB
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt1RBC CAPITAL
InvestmentsOtherSchedule2/InvestmentsOtherGrp/EOYFMVAmt03488323
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IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/PropertyDesc6LT GAIN FROM CONTRACTS/STRADDLES
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm0Alex Ko
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm2Richard Kim
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt2Chief Financial Officer
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt2814 S Spring St
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IRS990PF/StatementsRegardingActyGrp/ActivitiesNotPreviouslyRptInd0false
IRS990PF/StatementsRegardingActyGrp/AtLeast5000InAssetsInd0true
IRS990PF/StatementsRegardingActyGrp/ChangesToArticlesOrBylawsInd0false
IRS990PF/StatementsRegardingActyGrp/ComplyWithPublicInspRqrInd0true
IRS990PF/StatementsRegardingActyGrp/DonorAdvisedFundInd0false
IRS990PF/StatementsRegardingActyGrp/ForeignAccountsQuestionInd0false
IRS990PF/StatementsRegardingActyGrp/Form1120POLFiledInd0false
IRS990PF/StatementsRegardingActyGrp/Form990PFFiledWithAttyGenInd0true
IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd0false
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/AddressLine1Txt03200 WILSHIRE BLVD 5TH FLOOR
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm0LOS ANGELES
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/StateAbbreviationCd0CA
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/ZIPCd090010
IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd0false
IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd0false
IRS990PF/StatementsRegardingActyGrp/OrganizationDissolvedEtcInd0false
IRS990PF/StatementsRegardingActyGrp/OrgReportOrRegisterStateCd0CA
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd0false
IRS990PF/StatementsRegardingActyGrp/PersonsWithBooksName/BusinessNameLine1Txt0ALEX KO
IRS990PF/StatementsRegardingActyGrp/PhoneNum08778295500
IRS990PF/StatementsRegardingActyGrp/PrivateOperatingFoundationInd0false
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd0true
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd0false
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt0http://otefe.org/
IRS990PF/SummaryOfDirectChrtblActyGrp/Description1Txt0OTEFE FOUNDATION ASSISTS KOREAN AMERICAN STUDENTS, OVERSEAS KOREAN STUDENTS AND OTHER STUDENTS WHO ARE FACED WITH FINANCIAL HARDSHIPS TO PURSUE EDUCATION.
IRS990PF/SummaryOfDirectChrtblActyGrp/Expenses1Amt0325000
IRS990PF/SumOfProgramRelatedInvstGrp/Description1Txt0NONE
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/FormAndInfoAndMaterialsTxt0OTEFE.ORG/APPLY-FOR-SCHOLARSHIP/
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientPersonNm0OTEFE FOUNDATION INC
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientPhoneNum08778295500
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/AddressLine1Txt03450 WILSHIRE BLVD STE 108-10B
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/CityNm0LOS ANGELES
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/StateAbbreviationCd0CA
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/ZIPCd090010
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RestrictionsOnAwardsTxt0THE APPLICANTS MUST SHOW: (1) GREAT APTITUDE AND DESIRE TO BETTER THE KOREAN AMERICAN COMMUNITIES IN THE US AND/OR THE KOREAN COMMUNITIES IN THE REPUBLIC OF KOREA OR ELSEWHERE IN THE WORLD AND (2) FINANCIAL HARDSHIP.
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/SubmissionDeadlinesTxt0JUNE 15, 2023
IRS990PF/SupplementaryInformationGrp/ContributingManagerNm0NA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt0325000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt0TO ASSIST FINANCIALLY NEEDY KOREAN AMERICAN STUDENTS, OVERSEAS KOREAN STUDENTS AND OTHER STUDENTS WHO SHOW A STRONG COMMITMENT TO THE BETTERMENT OF THE KOREAN COMMUNITY TO PURSUE THEIR EDUCATIONAL DREAMS AT US UNIVERSITIES AND GRADUATE AND PROFESSIONAL SCHOOLS.
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt0GRANTS PAID IN 2022 (SEE ATTACHED SCHEDULE)
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt0I
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt0SEE ATTACHED
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm0LOS ANGELES
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd0CA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd090010
IRS990PF/SupplementaryInformationGrp/ShareholderManagerNm0NA
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt0325000
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd0false
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt0355391
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt00
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt0358686
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovAppCYAmt03295
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt063213
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt08638
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr3Amt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovAppCYCorpusAmt03295
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt068556
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt063213
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt05343
IRS990PF/UndistributedIncomeGrp/PriorYear1Yr02020
IRS990PF/UndistributedIncomeGrp/PriorYear2Yr02019
IRS990PF/UndistributedIncomeGrp/PriorYear3Yr02018
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt00
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt0355391
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/Taxable1Amt00
IRS990PF/UndistributedIncomeGrp/Taxable2Amt00
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt068556
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt071851
IRS990PF/UndistributedIncomeGrp/TotalForPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt00
OtherDecreasesSchedule/OtherDecreasesDetail/Amt0684951
OtherDecreasesSchedule/OtherDecreasesDetail/Desc0UNREALIZED LOSS
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0FINANCE CHARGE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1OUTSIDE SERVICE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2SUPPLIES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc3BANK SERVICE CHARGE
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt019668
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt019668
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt13130
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt2540
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt387
OtherIncomeSchedule2/OtherIncomeDetail/Desc0Miscellaneous Income
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt017001
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt017001
OtherIncreasesSchedule/OtherIncreasesDetail/Amt01102
OtherIncreasesSchedule/OtherIncreasesDetail/Desc0OTHER INCREASE
TaxesSchedule/TaxesDetail/Amt06000
TaxesSchedule/TaxesDetail/Amt1100
TaxesSchedule/TaxesDetail/Amt2461
TaxesSchedule/TaxesDetail/CategoryTxt0FEDERAL TAX
TaxesSchedule/TaxesDetail/CategoryTxt1STATE TAX
TaxesSchedule/TaxesDetail/CategoryTxt2FOREIGN TAX
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt06000
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt1100
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt2461
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ALEX KO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02134276560
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OTEFE Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0OTEF
ReturnHeader/Filer/EIN0461628941
ReturnHeader/Filer/InCareOfNm0% ALEX KO
ReturnHeader/Filer/PhoneNum08778295500
ReturnHeader/Filer/USAddress/AddressLine1Txt03450 Wilshire Blvd Suite 108-10B
ReturnHeader/Filer/USAddress/CityNm0Los Angeles
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090010
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WILLIAMSMARSTON LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE WASHINGTON STREET 9TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002108
ReturnHeader/PreparerPersonGrp/PhoneNum03108201025
ReturnHeader/PreparerPersonGrp/PreparationDt02023-10-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEPHANIE CHEN
ReturnHeader/ReturnTs02023-10-16T18:26:06-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ALEX
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KO
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.40$0.00$7.40$0.33$0.36$0.03
2023Summary only. Only limited summary data is available for this year.$7.21$0.00$0.16$0.40$0.56
2022Detailed filing. Detailed filing data is available for this year.$6.78$0.00$6.78$0.19$0.38$0.57
2022Summary only. Only limited summary data is available for this year.$6.78$0.00$0.19$0.38$0.57
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.04$0.00$8.04$0.39$0.49$0.10
2020Detailed filing. Detailed filing data is available for this year.$8.31$0.00$8.31$0.55$0.46$0.09
2019Detailed filing. Detailed filing data is available for this year.$8.18$0.00$8.18$0.44$0.44$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.76$0.00$7.76$0.27$0.46$0.19
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.38$0.00$8.38$0.38$0.44$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.11$0.00$8.11$0.27$0.49$0.21
2015Detailed filing. Detailed filing data is available for this year.$8.15$0.00$8.15$0.31$0.49$0.17
2014Summary only. Only limited summary data is available for this year.$8.44$0.00$0.20$0.45$0.25
2013Summary only. Only limited summary data is available for this year.$8.69$0.00$8.69$0.00$8.69