Civic Intelligence

Ahl Foundation Inc.

990 • Fiscal year 2022 • EIN 52-2372747

Aug 01, 2021 to Jul 31, 2022 • Filed on Dec 30, 2022

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

91st percentile

0.12x

Higher debt load relative to assets than 91% of similar nonprofits.

2022 filings • NTEE B82 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

93rd percentile

0.15x

Higher debt load relative to revenue than 93% of similar nonprofits.

2022 filings • NTEE B82 • $500k-$1M nonprofits • Source year 2022

Net Margin

81st percentile

65%

Higher net margin than 81% of similar nonprofits.

2022 filings • NTEE B82 • $500k-$1M nonprofits • Source year 2022

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.

2022 filings • NTEE B82 • $500k-$1M nonprofits • Source year 2022

Asset Growth

94th percentile

174%

Faster asset growth than 94% of similar nonprofits.

2022 filings • NTEE B82 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

91st percentile

286%

Faster revenue growth than 91% of similar nonprofits.

2022 filings • NTEE B82 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$844,453

Up $535,883 (+174%) from 2021

Net Assets

Up

$744,453

Up $435,883 (+141%) from 2021

Liabilities

Up

$100,000

Up $100,000 from 2021

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin81st percentile

Revenue

Up

$671,613

Up $497,653 (+286%) from 2021

Expenses

Up

$235,101

Up $17,721 (+8.2%) from 2021

Net Income

Up

$436,512

Up $479,932 (+1105%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth94th 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

2022

Assets$844,453
Liabilities$100,000
Net Assets$744,453
Open 2022 Filing

Operations Trend

Revenue Growth91st 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

2022

Revenue$671,613
Expenses$235,101
Net Income$436,512
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2021 to Jul 31, 2022
Signed
Dec 30, 2022
Return Version
2021v4.0
Gross Receipts
$671,613
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
Land, Buildings, and Equipment, Net-$660,253-
Cash and Non-Interest-Bearing Accounts$122,378$146,294▲ $23,916
Savings and Temporary Cash Investments$186,192$37,906▼ $148,286
Total Assets$308,570$844,453▲ $535,883
Liabilities
Other Liabilities-$100,000-
Total Liabilities$0$100,000▲ $100,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$308,570$744,453▲ $435,883
Total Net Assets Fund Balance$308,570$744,453▲ $435,883
Total Liabilities and Net Assets / Fund Balance$308,570$844,453▲ $535,883

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$660,253$10,026$670,279
Compensation and Service Providers
Top Officer Pay74th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$475,172
Program Service Revenue
$168,604
Investment Income
$0
Other Revenue
$27,837
All Other Contributions
$377,865
Change in Net Assets
$436,512
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$133,438
Grants and Similar Amounts Paid$65,450
Salaries, Compensation, and Employee Benefits$36,213
Total Fundraising Expense$11,134
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$65,450--$65,450
Fees for Services Other$32,237$23,148$6,610$61,995
Other Salaries and Wages-$36,213-$36,213
Depreciation Depletion$10,026--$10,026
Advertising$4,701$2,815$1,154$8,670
Fees for Services Accounting$400$4,080-$4,480
Insurance-$4,284-$4,284
Office Expenses$929$3,126-$4,055
All Other Expenses$890$1,574$720$3,184
Other Expenses$300$874$650$1,824
Occupancy-$1,457-$1,457
Total Functional Expenses$121,359$102,608$11,134$235,101
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$27,837
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundrasing Gala$27,837$27,837-$27,837
Total Events$27,837$27,837-$27,837
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan for Facility Purchase$100,000
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
2022-12-30
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
7

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

“32,237 23,148 6,610”

Form 990, Part XI, Line 9

“PRIOR YEAR ADJUSTMENT 0”

Raw XML Appendix361 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/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/ExplanationTxt432,237 23,148 6,610
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PRIOR YEAR ADJUSTMENT 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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ReturnHeader/BuildTS02023-03-07 01:45:13Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0SOOK NYU KIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0113545010
ReturnHeader/PreparerPersonGrp/PhoneNum07183536125
ReturnHeader/PreparerPersonGrp/PreparationDt02023-01-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HAE NAM LEE CPA
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ReturnHeader/ReturnTs02023-01-12T09:26:04-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SOOK NYU
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ReturnHeader/TaxPeriodBeginDt02021-08-01
ReturnHeader/TaxPeriodEndDt02022-07-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$844,453
Liabilities
$100,000
Net assets
$744,453
Revenue
$671,613
Expenses
$235,101
Net income
$436,512
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