Civic Intelligence

Ahl Foundation Inc.

990 • Fiscal year 2020 • EIN 52-2372747

Aug 01, 2019 to Jul 31, 2020 • Filed on Feb 09, 2021

Organization ProfileAHLFOUNDATION.ORG
420 W 23rd St 7ANew York, NY 10011

(516) 983-3935

Siviq Scores

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

Liabilities / Assets

76th percentile

0.00x

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

2020 filings • NTEE B82 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

76th percentile

0.00x

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

2020 filings • NTEE B82 • <$500k nonprofits • Source year 2020

Net Margin

57th percentile

11%

Higher net margin than 57% of similar nonprofits.

2020 filings • NTEE B82 • <$500k nonprofits • Source year 2020

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

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

2020 filings • NTEE B82 • <$500k nonprofits • Source year 2020

Asset Growth

70th percentile

10%

Faster asset growth than 70% of similar nonprofits.

2020 filings • NTEE B82 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

76th percentile

11%

Faster revenue growth than 76% of similar nonprofits.

2020 filings • NTEE B82 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$344,072

Up $32,677 (+10%) from 2019

Net Assets

Up

$344,072

Up $32,677 (+10%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin57th percentile

Revenue

Up

$286,143

Up $28,465 (+11%) from 2019

Expenses

Down

$253,466

Down $10,498 (-4.0%) from 2019

Net Income

Up

$32,677

Up $38,963 (+620%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

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

$1.0M$500K$0Assets 2011: $70,019Liabilities 2011: $02011Assets 2012: $89,110Net Assets 2012: $89,1102012Assets 2013: $113,954Liabilities 2013: $02013Assets 2014: $181,105Liabilities 2014: $0Net Assets 2014: $181,1052014Assets 2015: $246,349Liabilities 2015: $0Net Assets 2015: $246,3492015Assets 2016: $317,255Liabilities 2016: $1,734Net Assets 2016: $315,5212016Assets 2017: $321,855Liabilities 2017: $0Net Assets 2017: $321,8552017Assets 2018: $317,493Liabilities 2018: $0Net Assets 2018: $317,4932018Assets 2019: $311,395Liabilities 2019: $0Net Assets 2019: $311,3952019Assets 2020: $344,072Liabilities 2020: $0Net Assets 2020: $344,0722020Assets 2021: $308,570Liabilities 2021: $0Net Assets 2021: $308,5702021Assets 2022: $844,453Liabilities 2022: $100,000Net Assets 2022: $744,4532022Assets 2023: $804,329Liabilities 2023: $50,000Net Assets 2023: $754,3292023Assets 2024: $828,263Liabilities 2024: $0Net Assets 2024: $828,2632024

Highlighted filing

2020

Assets$344,072
Liabilities$0
Net Assets$344,072
Open 2020 Filing

Operations Trend

Revenue Growth76th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $69,701Expenses 2011: $57,744Net Income 2011: $11,9572011Revenue 2012: $76,388Expenses 2012: $57,297Net Income 2012: $19,0912012Revenue 2013: $122,889Expenses 2013: $98,045Net Income 2013: $24,8442013Revenue 2014: $206,838Expenses 2014: $139,687Net Income 2014: $67,1512014Revenue 2015: $195,526Expenses 2015: $130,282Net Income 2015: $65,2442015Revenue 2016: $234,272Expenses 2016: $165,100Net Income 2016: $69,1722016Revenue 2017: $176,724Expenses 2017: $170,390Net Income 2017: $6,3342017Revenue 2018: $158,593Expenses 2018: $162,955Net Income 2018: -$4,3622018Revenue 2019: $257,678Expenses 2019: $263,964Net Income 2019: -$6,2862019Revenue 2020: $286,143Expenses 2020: $253,466Net Income 2020: $32,6772020Revenue 2021: $173,960Expenses 2021: $217,380Net Income 2021: -$43,4202021Revenue 2022: $671,613Expenses 2022: $235,101Net Income 2022: $436,5122022Revenue 2023: $239,195Expenses 2023: $229,319Net Income 2023: $9,8762023Revenue 2024: $314,310Expenses 2024: $255,071Net Income 2024: $59,2392024

Highlighted filing

2020

Revenue$286,143
Expenses$253,466
Net Income$32,677
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
Feb 9, 2021
Return Version
2019v5.0
Gross Receipts
$286,143
Mission and Program Overview

Mission

Search and build artist network while building a wider public awareness of korean and korean-american artists and their contributions to contemporary art by promoting the work of korean artists through visual art awards, project grants, fellowships, exhibitions and public commissions and building a community of supports and art enthusiasts through public lectures, workshops, museum tours, art history classes and educational cultural experiences for the members of the general public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$236,724$238,630▲ $1,906
Cash and Non-Interest-Bearing Accounts$74,671$105,442▲ $30,771
Total Assets$311,395$344,072▲ $32,677
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$311,395$344,072▲ $32,677
Total Net Assets Fund Balance$311,395$344,072▲ $32,677
Total Liabilities and Net Assets / Fund Balance$311,395$344,072▲ $32,677
Compensation and Service Providers
Top Officer Pay94th percentile

Board Members and Trustees

NameTitle
Eun Ae RyuBoard Chairp
Sook Nyu KimPresident
Eunsil Cha LeeSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$61,872
Program Service Revenue
$174,317
Investment Income
$2,129
Other Revenue
$47,825
All Other Contributions
$11,140
Change in Net Assets
$32,677
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$234,855
Total Fundraising Expense$24,533
Grants and Similar Amounts Paid$18,611
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$13,891$38,944$500$53,335
Occupancy$12,583$20,700$2,250$35,533
Grants to Domestic Individuals$18,611--$18,611
Other Expenses$970$444$8,664$10,078
Office Expenses$2,332$2,959$2,886$8,177
All Other Expenses$424$5,680-$6,104
Fees for Services Accounting$1,578$3,749$200$5,527
Advertising-$2,304-$2,304
Travel$104$1,202$133$1,439
Insurance-$869-$869
Total Functional Expenses$151,092$77,841$24,533$253,466
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$47,825
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundrasing Gala$47,825$47,825-$47,825
Total Events$47,825$47,825-$47,825
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
No
Backup withholding compliance
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Ahl Foundation Inc
EIN
52-2372747
Phone
5169833935
Address
420 W 23RD ST 7A, NEW YORK, NY 10011

Signing Officer

Name
Sook Nyu Kim
Title
President
Phone
5169833935
Signed
2021-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sook Nyu Kim
Formed
2002
Legal Domicile
Ny
Voting Board Members
29
Independent Board Members
29
Employees
0

Preparer

Firm
Hae Nam Lee CPA
Address
156-15 NORTHERN BLVD 2FL, FLUSHING, NY 11354-5010
Preparer
Hae Nam Lee CPA
Phone
7183536125
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Search and build artist network while building a wider public awareness of korean and korean-american artists and their contributions to contemporary art by promoting the work of korean artists through visual art awards, project grants, fellowships, exhibitions and public commissions and building a community of supports and art enthusiasts through public lectures, workshops, museum tours, art history classes and educational cultural experiences for the members of the general public.”

Form 990, Page 2, Part III, Line 4D

“Ahl foundation, inc. Is the "organization endeavors to search and build artist network while ahl foundation, inc. Is the "organization endeavors to search and build artist network while to contemporary art by promoting the work of korean artists through visual art awards, project grants, fellowships, exhibitions and public commissions. Ahl foundation, inc. Coordinates and builds a community of supporters and art enthusiasts through public lectures, workshops, museum tours, art history classes and educational cultural experiences for the members of the general public.”

Form 990, Part IX, Line 11G

“13,891 38,944 500”

Form 990, Part XI, Line 9

“PRIOR YEAR ADJUSTMENT 0”

Raw XML Appendix351 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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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0200630
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0250660
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01178758
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUNDRASING GALA
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt047825
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt047825
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt047825
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt047825
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt047825
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt018611
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SEARCH AND BUILD ARTIST NETWORK WHILE BUILDING A WIDER PUBLIC AWARENESS OF KOREAN AND KOREAN-AMERICAN ARTISTS AND THEIR CONTRIBUTIONS TO CONTEMPORARY ART BY PROMOTING THE WORK OF KOREAN ARTISTS THROUGH VISUAL ART AWARDS, PROJECT GRANTS, FELLOWSHIPS, EXHIBITIONS AND PUBLIC COMMISSIONS AND BUILDING A COMMUNITY OF SUPPORTS AND ART ENTHUSIASTS THROUGH PUBLIC LECTURES, WORKSHOPS, MUSEUM TOURS, ART HISTORY CLASSES AND EDUCATIONAL CULTURAL EXPERIENCES FOR THE MEMBERS OF THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AHL FOUNDATION, INC. IS THE "ORGANIZATION ENDEAVORS TO SEARCH AND BUILD ARTIST NETWORK WHILE AHL FOUNDATION, INC. IS THE "ORGANIZATION ENDEAVORS TO SEARCH AND BUILD ARTIST NETWORK WHILE TO CONTEMPORARY ART BY PROMOTING THE WORK OF KOREAN ARTISTS THROUGH VISUAL ART AWARDS, PROJECT GRANTS, FELLOWSHIPS, EXHIBITIONS AND PUBLIC COMMISSIONS. AHL FOUNDATION, INC. COORDINATES AND BUILDS A COMMUNITY OF SUPPORTERS AND ART ENTHUSIASTS THROUGH PUBLIC LECTURES, WORKSHOPS, MUSEUM TOURS, ART HISTORY CLASSES AND EDUCATIONAL CULTURAL EXPERIENCES FOR THE MEMBERS OF THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt413,891 38,944 500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PRIOR YEAR ADJUSTMENT 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0311395
IRS990/TotalAssetsEOYAmt0344072
IRS990/TotalAssetsGrp/BOYAmt0311395
IRS990/TotalAssetsGrp/EOYAmt0344072
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt061872
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt024533
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt077841
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0151092
IRS990/TotalFunctionalExpensesGrp/TotalAmt0253466
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0311395
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0344072
IRS990/TotalOtherProgSrvcExpenseAmt0151092
IRS990/TotalOtherProgSrvcGrantAmt018611
IRS990/TotalProgramServiceExpensesAmt0151092
IRS990/TotalProgramServiceRevenueAmt0174317
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0176446
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0286143
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0311395
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0344072
IRS990/TravelGrp/FundraisingAmt0133
IRS990/TravelGrp/ManagementAndGeneralAmt01202
IRS990/TravelGrp/ProgramServicesAmt0104
IRS990/TravelGrp/TotalAmt01439
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0545 ASHAROKEN AVE
IRS990/USAddress/CityNm0NORTHPORT
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011768
IRS990/VotingMembersGoverningBodyCnt029
IRS990/VotingMembersIndependentCnt029
IRS990/WebsiteAddressTxt0AHLFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SOOK NYU KIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05169833935
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AHL FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0AHLF
ReturnHeader/Filer/EIN0522372747
ReturnHeader/Filer/PhoneNum05169833935
ReturnHeader/Filer/USAddress/AddressLine1Txt0420 W 23RD ST 7A
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010011
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200380828
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HAE NAM LEE CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0156-15 NORTHERN BLVD 2FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FLUSHING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0113545010
ReturnHeader/PreparerPersonGrp/PhoneNum07183536125
ReturnHeader/PreparerPersonGrp/PreparationDt02021-02-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HAE NAM LEE CPA
ReturnHeader/ReturnTs02021-02-09T09:58:04-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-08-01
ReturnHeader/TaxPeriodEndDt02020-07-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$344,072
Liabilities
$0
Net assets
$344,072
Revenue
$286,143
Expenses
$253,466
Net income
$32,677
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.28$0.00$8.28$3.14$2.55$0.59
2023Detailed filing. Detailed filing data is available for this year.$8.04$0.50$7.54$2.39$2.29$0.10
2022Detailed filing. Detailed filing data is available for this year.$8.44$1.00$7.44$6.72$2.35$4.37
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.09$0.00$3.09$1.74$2.17$0.43
2020Detailed filing. Detailed filing data is available for this year.$3.44$0.00$3.44$2.86$2.53$0.33
2019Detailed filing. Detailed filing data is available for this year.$3.11$0.00$3.11$2.58$2.64$0.06
2018Detailed filing. Detailed filing data is available for this year.$3.17$0.00$3.17$1.59$1.63$0.04
2017Summary only. Only limited summary data is available for this year.$3.22$0.00$3.22$1.77$1.70$0.06
2016Detailed filing. Detailed filing data is available for this year.$3.17$0.02$3.16$2.34$1.65$0.69
2015Detailed filing. Detailed filing data is available for this year.$2.46$0.00$2.46$1.96$1.30$0.65
2014Detailed filing. Detailed filing data is available for this year.$1.81$0.00$1.81$2.07$1.40$0.67
2013Summary only. Only limited summary data is available for this year.$1.14$0.00$1.23$0.98$0.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.89$0.76$0.57$0.19
2011Summary only. Only limited summary data is available for this year.$0.70$0.00$0.70$0.58$0.12