Civic Intelligence

Korean American Wayne Cancer & Elder Care Foundation Inc.

990EZ • Fiscal year 2017 • EIN 46-5032789

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 11, 2018

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

(718) 461-7710

Siviq Scores

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

Liabilities / Assets

71st percentile

0.02x

Higher debt load relative to assets than 71% of similar nonprofits.

2017 filings • NTEE W • <$500k nonprofits • Source year 2017

Liabilities / Revenue

72nd percentile

0.02x

Higher debt load relative to revenue than 72% of similar nonprofits.

2017 filings • NTEE W • <$500k nonprofits • Source year 2017

Net Margin

94th percentile

74%

Higher net margin than 94% of similar nonprofits.

2017 filings • NTEE W • <$500k nonprofits • Source year 2017

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

2017 filings • NTEE W • <$500k nonprofits • Source year 2017

Asset Growth

87th percentile

82%

Faster asset growth than 87% of similar nonprofits.

2017 filings • NTEE W • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

100th percentile

4014%

Faster revenue growth than 100% of similar nonprofits.

2017 filings • NTEE W • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$201,544

Up $90,888 (+82%) from 2016

Net Assets

Up

$198,469

Up $113,513 (+134%) from 2016

Liabilities

Down

$3,075

Down $22,625 (-88%) from 2016

Revenue

Up

$153,379

Up $149,651 (+4014%) from 2016

Expenses

Up

$39,866

Up $28,846 (+262%) from 2016

Net Income

Up

$113,513

Up $120,805 (+1657%) from 2016

Historical Trend

Balance Sheet Trend

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

$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

2017

Assets$201,544
Liabilities$3,075
Net Assets$198,469

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$153,379
Expenses$39,866
Net Income$113,513
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 11, 2018
Return Version
2017v2.2
Gross Receipts
$153,379
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.

Program Services

DescriptionGrantsExpenses
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.-$32,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Yunhee ChungPresident-$0--
Dr Chang Ho SukVice President-$0--
Anthony Jung MDDirector-$0--
JD KimDirector-$0--
Chang Suk Lee MDDirector-$0--
Insook Lee MDDirector-$0--
Byungchul KangDirector-$0--
Kunil Bae MDDirector-$0--
Changrae Kim MDDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$140,600---
Total Events$140,600---
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
2018-11-11
Discuss with paid preparer
Yes

Preparer

Firm
Z Best CPA Pllc
Address
144-43 72nd Road, FLUSHING, NY 11367
Preparer
Benjamin S Feldman CPA
Phone
9172020543
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

| Donee's Name: St. Francis Care Center | Donee's Address: 147-07 Bayside Ave Flushing NY 11354 | Cash Amount Given: $10000

Grants and Similar Amounts Paid In Excess of $5,000.2

| Donee's Name: The Lords Table Mission | Donee's Address: 36-33 214th Place 2 Floor Bayside NY 11361 | Cash Amount Given: $10000

Grants and Similar Amounts Paid In Excess of $5,000.4

| Donee's Name: Nanoom House | Donee's Address: 135-41 37th Ave Flushing NY 11354 | Cash Amount Given: $10000

Other Expenses.1

Bad Debt $4791

Other Expenses.2

Filing Fees $75

Other Assets.1006

Pledges and Grants Receivable - Beginning $4791 Pledges and Grants Receivable - Ending $0

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $9000 Accounts Payable and Accrued Expenses - Ending $3075

Total Liabilities.1003

Deferred Revenue - Beginning $16700 Deferred Revenue - Ending $0

Raw XML Appendix176 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Donee's Name: St. Francis Care Center | Donee's Address: 147-07 Bayside Ave Flushing NY 11354 | Cash Amount Given: $10000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1| Donee's Name: The Lords Table Mission | Donee's Address: 36-33 214th Place 2 Floor Bayside NY 11361 | Cash Amount Given: $10000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2| Donee's Name: Nanoom House | Donee's Address: 135-41 37th Ave Flushing NY 11354 | Cash Amount Given: $10000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Bad Debt $4791
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Filing Fees $75
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Accounts Payable and Accrued Expenses - Beginning $9000 Accounts Payable and Accrued Expenses - Ending $3075
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Deferred Revenue - Beginning $16700 Deferred Revenue - Ending $0
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Grants and Similar Amounts Paid In Excess of $5,000.2
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Yunhee Chung
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-11
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
ReturnHeader/Filer/USAddress/CityNm0Flushing
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ReturnHeader/Filer/USAddress/ZIPCd011354
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261205931
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Z BEST CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0144-43 72nd Road
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/ReturnTs02018-11-11T08:19:35-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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Filings