Civic Intelligence

Korean American Wayne Cancer & Elder

EIN 46-5032789 • 501(c)3 • Flushing, NY

Profile

The mission of this foundation is to assist the growing number of Korean American elderly in New York Metropolitan region by providing the eldercare services in tailored and linguistically competent manner and to provide the support for those fighting the battle against cancer in our community. The foundations overarching goal is to make a difference in peoples lives providing much needed services.

142-18 38th Ave Apt 1BFlushing, NY 11354

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

64th percentile

0.17x

Higher debt load relative to assets than 64% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

89th percentile

1.18x

Higher debt load relative to revenue than 89% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

98th percentile

96%

Higher net margin than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

75th percentile

17%

Faster asset growth than 75% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

97th percentile

261%

Faster revenue growth than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets64th percentile

Assets

Up

$1,052,448

Up $151,145 (+17%) from 2023

Liabilities

Up

$179,062

Up $5,337 (+3.1%) from 2023

Net Assets

Up

$873,386

Up $145,808 (+20%) from 2023

Operations
Liabilities / Revenue89th percentileNet Margin98th percentile

Revenue

Up

$151,508

Up $109,500 (+261%) from 2023

Expenses

Down

$5,700

Down $7,425 (-57%) from 2023

Net Income

Up

$145,808

Up $116,925 (+405%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth75th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2014: $9,169Net Assets 2014: $9,1692014Assets 2015: $92,248Net Assets 2015: $92,2482015Assets 2016: $110,656Liabilities 2016: $25,700Net Assets 2016: $84,9562016Assets 2017: $201,544Liabilities 2017: $3,075Net Assets 2017: $198,4692017Assets 2018: $348,727Liabilities 2018: $3,125Net Assets 2018: $345,6022018Assets 2019: $503,574Liabilities 2019: $0Net Assets 2019: $503,5742019Assets 2020: $637,531Liabilities 2020: $93,725Net Assets 2020: $543,8062020Assets 2021: $673,378Liabilities 2021: $93,725Net Assets 2021: $579,6532021Assets 2022: $792,420Liabilities 2022: $93,725Net Assets 2022: $698,6952022Assets 2023: $901,303Liabilities 2023: $173,725Net Assets 2023: $727,5782023Assets 2024: $1,052,448Liabilities 2024: $179,062Net Assets 2024: $873,3862024

Highlighted filing

2024

Assets$1,052,448
Liabilities$179,062
Net Assets$873,386
Open 2024 Filing

Operations Trend

Revenue Growth97th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2014: $10,825Expenses 2014: $1,656Net Income 2014: $9,1692014Revenue 2015: $103,121Expenses 2015: $20,042Net Income 2015: $83,0792015Revenue 2016: $3,728Expenses 2016: $11,020Net Income 2016: -$7,2922016Revenue 2017: $153,379Expenses 2017: $39,866Net Income 2017: $113,5132017Revenue 2018: $151,258Expenses 2018: $4,125Net Income 2018: $147,1332018Revenue 2019: $183,097Expenses 2019: $25,125Net Income 2019: $157,9722019Revenue 2020: $49,357Expenses 2020: $9,125Net Income 2020: $40,2322020Revenue 2021: $43,972Expenses 2021: $8,125Net Income 2021: $35,8472021Revenue 2022: $122,177Expenses 2022: $3,135Net Income 2022: $119,0422022Revenue 2023: $42,008Expenses 2023: $13,125Net Income 2023: $28,8832023Revenue 2024: $151,508Expenses 2024: $5,700Net Income 2024: $145,8082024

Highlighted filing

2024

Revenue$151,508
Expenses$5,700
Net Income$145,808
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,052,448
Liabilities
$179,062
Net assets
$873,386
Revenue
$151,508
Expenses
$5,700
Net income
$145,808
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.18$0.87$0.15$0.01$0.15
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.90$0.17$0.73$0.04$0.01$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.09$0.70$0.12$0.00$0.12
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.67$0.09$0.58$0.04$0.01$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.64$0.09$0.54$0.05$0.01$0.04
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.00$0.50$0.18$0.03$0.16
2018Detailed filing. Detailed filing data is available for this year.$0.35$0.00$0.35$0.15$0.00$0.15
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.20$0.00$0.20$0.15$0.04$0.11
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.11$0.03$0.08$0.00$0.01$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.09$0.09$0.10$0.02$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.01$0.01$0.01$0.00$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 12, 2025
Return Version
2024v5.1
Gross Receipts
$151,508
Mission and Program Overview

Mission

The mission of this foundation is to assist the growing number of Korean American elderly in New York Metropolitan region by providing the eldercare services in tailored and linguistically competent manner and to provide the support for those fighting the battle against cancer in our community. The foundations overarching goal is to make a difference in peoples lives providing much needed services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$888,241$974,015▲ $85,774
Loans From Officers Directors$80,000$85,337▲ $5,337
Cash and Non-Interest-Bearing Accounts$13,062$78,433▲ $65,371
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$901,303$1,052,448▲ $151,145
Other Assets Total-$0-
Liabilities
Deferred Revenue$93,600$93,600→ $0
Accounts Payable and Accrued Expenses$125$125→ $0
Total Liabilities$173,725$179,062▲ $5,337
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$727,578$873,386▲ $145,808
Total Net Assets Fund Balance$727,578$873,386▲ $145,808
Total Liabilities and Net Assets / Fund Balance$901,303$1,052,448▲ $151,145
Compensation and Service Providers
Top Officer Pay74th percentile

Board Members and Trustees

NameTitle
Yunhee ChungPresident
Anthony Jung MDDirector
Byungchul KangDirector
Chang Suk Lee MDDirector
Changrae Kim MDDirector
JD KimDirector
Kunil Bae MDDirector
Susan KimDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$111,000
Program Service Revenue
$0
Investment Income
$40,508
Other Revenue
$0
All Other Contributions
$111,000
Change in Net Assets
$145,808
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,200
Grants and Similar Amounts Paid$2,500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$3,100-$3,100
Grants to Domestic Orgs$2,500--$2,500
Other Expenses-$100-$100
Total Functional Expenses$2,500$3,200$0$5,700
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$80,000$85,337▲ $5,337
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
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

“No review was or will be conducted.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Korean American Wayne Cancer & Elder
EIN
46-5032789
Address
142-18 38th Ave Apt 1B, Flushing, NY 11354

Signing Officer

Name
Yunhee Chung
Title
President
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Formed
2014
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Z Best CPA Pllc
Address
75-18 VLEIGH PLACE, FLUSHING, NY 11367
Preparer
Benjamin S Feldman CPA
Phone
9172020543
Supplemental Narrative

Additional Explanations

990 Part X Line 22 - Loans from officers

“In February 2023, Woori America Bank, the bank used by Korean American Wayne Cancer & Elder Care Foundation (The Foundation), deposited $80,0000 from a maturing CD that belongs to presidents medical practice into the Foundations bank account instead of into the medical practice's bank account. This money was then used by the Foundation to purchase a new CD from Woori America Bank. The CD earned $5,337.31 in interest in 2024. Once the CD matures in February 2025, the loan and the interest will be repaid to the medical practice.”

Raw XML Appendix373 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
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IRS990/ForeignOfficeInd0false
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2In February 2023, Woori America Bank, the bank used by Korean American Wayne Cancer & Elder Care Foundation (The Foundation), deposited $80,0000 from a maturing CD that belongs to presidents medical practice into the Foundations bank account instead of into the medical practice's bank account. This money was then used by the Foundation to purchase a new CD from Woori America Bank. The CD earned $5,337.31 in interest in 2024. Once the CD matures in February 2025, the loan and the interest will be repaid to the medical practice.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2990 Part X Line 22 - Loans from officers
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Yunhee Chung
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Korean American Wayne Cancer & Elder
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Care Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0KORE
ReturnHeader/Filer/EIN0465032789
ReturnHeader/Filer/USAddress/AddressLine1Txt0142-18 38th Ave Apt 1B
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Z BEST CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt075-18 VLEIGH PLACE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FLUSHING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011367
ReturnHeader/PreparerPersonGrp/PhoneNum09172020543
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Benjamin S Feldman CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-05-12T16:09:48-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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