Civic Intelligence

Ahl Foundation Inc.

990 • Fiscal year 2023 • EIN 52-2372747

Aug 01, 2022 to Jul 31, 2023 • Filed on Feb 21, 2024

Organization ProfileAHLFOUNDATION.ORG
2605frederick Douglass Blvdc1New York, NY 10030

(646) 590-2900

Siviq Scores

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

Liabilities / Assets

90th percentile

0.06x

Higher debt load relative to assets than 90% of similar nonprofits.

2023 filings • NTEE B82 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

94th percentile

0.21x

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

2023 filings • NTEE B82 • $500k-$1M nonprofits • Source year 2023

Net Margin

46th percentile

4.1%

Higher net margin than 46% of similar nonprofits.

2023 filings • NTEE B82 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2023 filings • NTEE B82 • $500k-$1M nonprofits • Source year 2023

Asset Growth

18th percentile

-4.8%

Faster asset growth than 18% of similar nonprofits.

2023 filings • NTEE B82 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

12th percentile

-64%

Faster revenue growth than 12% of similar nonprofits.

2023 filings • NTEE B82 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$804,329

Down $40,124 (-4.8%) from 2022

Net Assets

Up

$754,329

Up $9,876 (+1.3%) from 2022

Liabilities

Down

$50,000

Down $50,000 (-50%) from 2022

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin46th percentile

Revenue

Down

$239,195

Down $432,418 (-64%) from 2022

Expenses

Down

$229,319

Down $5,782 (-2.5%) from 2022

Net Income

Down

$9,876

Down $426,636 (-98%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth18th 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

2023

Assets$804,329
Liabilities$50,000
Net Assets$754,329
Open 2023 Filing

Operations Trend

Revenue Growth12th 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

2023

Revenue$239,195
Expenses$229,319
Net Income$9,876
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2022 to Jul 31, 2023
Signed
Feb 21, 2024
Return Version
2022v5.0
Gross Receipts
$239,195
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$650,228▼ $10,025
Cash and Non-Interest-Bearing Accounts$146,294$102,725▼ $43,569
Savings and Temporary Cash Investments$37,906$51,376▲ $13,470
Total Assets$844,453$804,329▼ $40,124
Liabilities
Other Liabilities$100,000$50,000▼ $50,000
Total Liabilities$100,000$50,000▼ $50,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$744,453$754,329▲ $9,876
Total Net Assets Fund Balance$744,453$754,329▲ $9,876
Total Liabilities and Net Assets / Fund Balance$844,453$804,329▼ $40,124

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$650,228$20,051$670,279
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Jung Hyang KimBoard Chairp
Sook Nyu KimPresident
Young Gill KimSecretary
Eunsil KimTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$135,208
Program Service Revenue
$77,588
Investment Income
$0
Other Revenue
$26,399
All Other Contributions
$46,975
Change in Net Assets
$9,876
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$120,228
Grants and Similar Amounts Paid$65,500
Salaries, Compensation, and Employee Benefits$43,591
Total Fundraising Expense$10,890
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$65,500--$65,500
Other Salaries and Wages-$43,591-$43,591
Fees for Services Other$11,816$15,132-$26,948
Depreciation Depletion$10,025--$10,025
All Other Expenses$65$4,709$1,490$6,264
Office Expenses-$5,820-$5,820
Insurance-$3,498-$3,498
Other Expenses$26,797$2,914$9,400$2,914
Fees for Services Accounting-$2,750-$2,750
Occupancy-$2,134-$2,134
Total Functional Expenses$114,203$104,226$10,890$229,319
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$26,399
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundrasing Gala$26,399$26,399-$26,399
Total Events$26,399$26,399-$26,399
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$50,000
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
6465902900
Address
2605FREDERICK DOUGLASS BLVDC1, NEW YORK, NY 10030

Signing Officer

Name
Sook Nyu Kim
Title
President
Phone
5169833935
Signed
2024-02-21
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
1

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 11,816 15,132 0”

Form 990, Part XI, Line 9

“PRIOR YEAR ADJUSTMENT 0”

Raw XML Appendix360 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/ExplanationTxt4OTHER FEES 11,816 15,132 0
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/USAddress/StateAbbreviationCd0NY
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IRS990/WebsiteAddressTxt0AHLFOUNDATION.ORG
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SOOK NYU KIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02024-02-21
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ReturnHeader/Filer/BusinessNameControlTxt0AHLF
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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/PreparationDt02024-02-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HAE NAM LEE CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-02-24T09:14:26-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SOOK NYU
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KIM
ReturnHeader/TaxPeriodBeginDt02022-08-01
ReturnHeader/TaxPeriodEndDt02023-07-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$804,329
Liabilities
$50,000
Net assets
$754,329
Revenue
$239,195
Expenses
$229,319
Net income
$9,876
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