Civic Intelligence

Ahl Foundation Inc.

990 • Fiscal year 2021 • EIN 52-2372747

Aug 01, 2020 to Jul 31, 2021 • Filed on Jan 28, 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

74th percentile

0.00x

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

2021 filings • NTEE B82 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

73rd percentile

0.00x

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

2021 filings • NTEE B82 • <$500k nonprofits • Source year 2021

Net Margin

24th percentile

-25%

Higher net margin than 24% of similar nonprofits.

2021 filings • NTEE B82 • <$500k nonprofits • Source year 2021

Top Officer Pay

95th percentile

$0

Higher top officer pay than 95% of similar nonprofits.

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

2021 filings • NTEE B82 • <$500k nonprofits • Source year 2021

Asset Growth

21st percentile

-10%

Faster asset growth than 21% of similar nonprofits.

2021 filings • NTEE B82 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

25th percentile

-39%

Faster revenue growth than 25% of similar nonprofits.

2021 filings • NTEE B82 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets74th percentile

Assets

Down

$308,570

Down $35,502 (-10%) from 2020

Net Assets

Down

$308,570

Down $35,502 (-10%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin24th percentile

Revenue

Down

$173,960

Down $112,183 (-39%) from 2020

Expenses

Down

$217,380

Down $36,086 (-14%) from 2020

Net Income

Down

-$43,420

Down $76,097 (-233%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth21st 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

2021

Assets$308,570
Liabilities$0
Net Assets$308,570
Open 2021 Filing

Operations Trend

Revenue Growth25th 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

2021

Revenue$173,960
Expenses$217,380
Net Income-$43,420
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2020 to Jul 31, 2021
Signed
Jan 28, 2021
Return Version
2020v4.0
Gross Receipts
$173,960
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$238,630$186,192▼ $52,438
Cash and Non-Interest-Bearing Accounts$105,442$122,378▲ $16,936
Total Assets$344,072$308,570▼ $35,502
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$344,072$308,570▼ $35,502
Total Net Assets Fund Balance$344,072$308,570▼ $35,502
Total Liabilities and Net Assets / Fund Balance$344,072$308,570▼ $35,502
Compensation and Service Providers
Top Officer Pay95th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$45,367
Program Service Revenue
$99,981
Investment Income
$19
Other Revenue
$28,593
All Other Contributions
$12,788
Change in Net Assets
$-43,420
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$174,380
Grants and Similar Amounts Paid$43,000
Total Fundraising Expense$9,069
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$16,525$44,567$4,260$65,352
Occupancy-$65,343-$65,343
Grants to Domestic Individuals$43,000--$43,000
Office Expenses$2,880$15,923$2,212$21,015
Fees for Services Accounting-$3,500-$3,500
All Other Expenses$612$1,277$1,097$2,986
Other Expenses-$975$750$1,725
Insurance-$1,283-$1,283
Advertising-$1,244-$1,244
Travel-$479-$479
Total Functional Expenses$63,017$145,294$9,069$217,380
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$28,593
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundrasing Gala$28,593$28,593-$28,593
Total Events$28,593$28,593-$28,593
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
2021-01-28
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

“Other fees 16,525 44,567 4,260”

Form 990, Part XI, Line 9

“Prior year adjustment 7,918”

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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/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/ExplanationTxt4OTHER FEES 16,525 44,567 4,260
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PRIOR YEAR ADJUSTMENT 7,918
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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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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ReturnHeader/BuildTS02022-05-20 13:21:51Z
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
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ReturnHeader/PreparerPersonGrp/PhoneNum07183536125
ReturnHeader/PreparerPersonGrp/PreparationDt02022-01-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HAE NAM LEE CPA
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ReturnHeader/ReturnTs02022-02-09T16:09:48-06:00
ReturnHeader/ReturnTypeCd0990
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ReturnHeader/TaxPeriodBeginDt02020-08-01
ReturnHeader/TaxPeriodEndDt02021-07-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$308,570
Liabilities
$0
Net assets
$308,570
Revenue
$173,960
Expenses
$217,380
Net income
-$43,420
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
2021Detailed filing. Detailed filing data is available for this year.$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