Civic Intelligence

Korean American Cultural Exchange Foundation Inc.

EIN 47-3988263 • 501(c)3 • Little Neck, NY

Pub. 78 Eligible990-N CoverageNTEE A20

Profile

Cultural Exchange

6505 Douglaston PkwyLittle Neck, NY 11362
Siviq Scores

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

Liabilities / Assets

94th percentile

1.67x

Higher debt load relative to assets than 94% of similar nonprofits.

NTEE A20 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

81st percentile

0.07x

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

NTEE A20 • <$500k nonprofits • Source year 2019

Net Margin

43rd percentile

2.2%

Higher net margin than 43% of similar nonprofits.

NTEE A20 • <$500k nonprofits • Source year 2019

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

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

NTEE A20 • <$500k nonprofits • Source year 2017

Asset Growth

54th percentile

4.3%

Faster asset growth than 54% of similar nonprofits.

NTEE A20 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

79th percentile

50%

Faster revenue growth than 79% of similar nonprofits.

NTEE A20 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$3,301

Up $135 (+4.3%) from 2018

Liabilities

Down

$5,504

Down $1,496 (-21%) from 2018

Net Assets

-

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue81st percentileNet Margin43rd percentile

Revenue

Up

$74,515

Up $24,979 (+50%) from 2018

Expenses

Up

$72,884

Up $24,486 (+51%) from 2018

Net Income

Up

$1,631

Up $493 (+43%) from 2018

Trend Graphs

Balance Sheet Trend

Asset Growth54th percentile

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

$10K$5.0K$0-$5.0KAssets 2017: $2,028Liabilities 2017: $7,000Net Assets 2017: -$4,9722017Assets 2018: $3,166Liabilities 2018: $7,0002018Assets 2019: $3,301Liabilities 2019: $5,5042019

Highlighted filing

2019

Assets$3,301
Liabilities$5,504
Net Assets-
Open 2019 Filing

Operations Trend

Revenue Growth79th percentile

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

$80K$60K$40K$20K$0-$20KRevenue 2017: $34,622Expenses 2017: $35,088Net Income 2017: -$4662017Revenue 2018: $49,536Expenses 2018: $48,398Net Income 2018: $1,1382018Revenue 2019: $74,515Expenses 2019: $72,884Net Income 2019: $1,6312019

Highlighted filing

2019

Revenue$74,515
Expenses$72,884
Net Income$1,631
Open 2019 Filing

Filings

Most recent year

2019 • Form 990EZSummary only. Only limited summary data is available for this year.

Open filing
Assets
$3,301
Liabilities
$5,504
Net assets
-
Revenue
$74,515
Expenses
$72,884
Net income
$1,631
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Summary only. Only limited summary data is available for this year.$3.30$5.50$74.5$72.9$1.63
2018Summary only. Only limited summary data is available for this year.$3.17$7.00$49.5$48.4$1.14
2017Detailed filing. Detailed filing data is available for this year.$2.03$7.00$4.97$34.6$35.1$0.47
Latest Detailed Filing

The latest 2019 filing currently has summary financial data only. Showing the latest detailed filing from 2017 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 14, 2018
Return Version
2017v2.2
Gross Receipts
$34,622
Mission and Program Overview

Mission

Cultural Exchange

Program Services

DescriptionGrantsExpenses
American Korean Cultural Exchange Foundation Inc is a non-profit corporation for exchanging and sharing American and Korean culture through Korean Martial Art Taekwo$34,622$35,088
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
CHAN HEE WOOOfficerPT$0--
Filing and Contact Details

Filer

Filer Name
American Korean Cultural Exchange Foundation Inc
EIN
47-3988263
Address
6505 DOUGLASTON PKWY, Little Neck, NY 11362

Signing Officer

Name
Chan Hee Woo
Title
Officer
Phone
5165874285
Signed
2018-05-14
Discuss with paid preparer
No

Preparer

Firm
Sungdoh Accounting & Consulting Inc
Address
445 Northern Blvd Ste 15, Great Neck, NY 11021
Preparer
Sungdoh Kim
Phone
7182243399
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description AmountAUTO EXP 345INSURANCE 2,690LEASE 8,477BANK CHARGE 66RENT 16,500CULTURE EXCHANGE PROGRAM 6,832MISCELLANEOUS 178”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearLOANS FROM MEMBER 7,000 7,000”

Raw XML Appendix124 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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IRS990EZ/BooksInCareOfDetail/PersonNm0CHAN HEE WOO
IRS990EZ/BooksInCareOfDetail/PhoneNum05165874285
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt06505 DOUGLASTON PKWY
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Little Neck
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd011362
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt02494
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt02028
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-466
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt02494
IRS990EZ/Form990TotalAssetsGrp/EOYAmt02028
IRS990EZ/GrossReceiptsAmt034622
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt034622
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-4506
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-4972
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-4506
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-4972
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt020.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0CHAN HEE WOO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0OFFICER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt035088
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Cultural Exchange
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0American Korean Cultural Exchange Foundation Inc is a non-profit corporation for exchanging and sharing American and Korean culture through Korean Martial Art Taekwo
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt034622
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt035088
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt07000
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt07000
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt035088
IRS990EZ/TotalProgramServiceExpensesAmt035088
IRS990EZ/TotalRevenueAmt034622
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt034622
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt023080
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt014000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt071702
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt071702
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt034622
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt023080
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt014000
IRS990ScheduleA/Total509Grp/TotalAmt071702
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt034622
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt023080
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt014000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt071702
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountAUTO EXP 345INSURANCE 2,690LEASE 8,477BANK CHARGE 66RENT 16,500CULTURE EXCHANGE PROGRAM 6,832MISCELLANEOUS 178
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Category Beginning of Year End of YearLOANS FROM MEMBER 7,000 7,000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of total liabilities Part II line 26
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0CHAN HEE WOO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Officer
ReturnHeader/BusinessOfficerGrp/PhoneNum05165874285
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AMERICAN KOREAN CULTURAL EXCHANGE FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0AMER
ReturnHeader/Filer/EIN0473988263
ReturnHeader/Filer/USAddress/AddressLine1Txt06505 DOUGLASTON PKWY
ReturnHeader/Filer/USAddress/CityNm0Little Neck
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011362
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId071176FEA249E6F8CD97948FF0AA3B774BFD30A62
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ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-05-14
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.45.186.6
ReturnHeader/FilingSecurityInformation/IPDt02018-05-14
ReturnHeader/FilingSecurityInformation/IPTm013:53:51
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Sungdoh Accounting & Consulting Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0445 Northern Blvd Ste 15
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Great Neck
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011021
ReturnHeader/PreparerPersonGrp/PhoneNum07182243399
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Sungdoh Kim
ReturnHeader/ReturnTs02018-05-10T19:58:11-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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