Civic Intelligence

W7 Foundation

990EZ • Fiscal year 2019 • EIN 61-1547835

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 15, 2020

Organization ProfileN/A
1854 Ontario Place NWWashington, DC 20009

(202) 518-6922

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2019

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2019

Net Margin

48th percentile

2.6%

Higher net margin than 48% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2018 to 2019

Revenue Growth

64th percentile

11%

Faster revenue growth than 64% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Flat

$0

Flat from 2018

Net Assets

Up

$0

Up $219 (+100%) from 2018

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin48th percentile

Revenue

Up

$8,549

Up $857 (+11%) from 2018

Expenses

Down

$8,330

Down $2,019 (-20%) from 2018

Net Income

Up

$219

Up $2,876 (+108%) from 2018

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$150K$100K$50K$0-$50KAssets 2012: $1Liabilities 2012: $1162012Assets 2013: $19,980Liabilities 2013: $0Net Assets 2013: $19,9802013Assets 2014: $20,355Liabilities 2014: $0Net Assets 2014: $20,3552014Assets 2015: $20,730Liabilities 2015: $0Net Assets 2015: $20,7302015Assets 2016: $21,105Net Assets 2016: $21,1052016Assets 2017: $21,480Net Assets 2017: $21,4802017Assets 2018: $0Liabilities 2018: $219Net Assets 2018: -$2192018Assets 2019: $0Net Assets 2019: $02019Assets 2019: $1Liabilities 2019: $02019Assets 2020: $115,200Net Assets 2020: $115,2002020Assets 2021: $107,697Liabilities 2021: $02021Assets 2022: $102,269Net Assets 2022: $102,2692022Assets 2023: $145,107Liabilities 2023: $02023Assets 2024: $126,311Net Assets 2024: $126,3112024

Highlighted filing

2019

Assets$0
Liabilities-
Net Assets$0
Open 2019 Filing

Operations Trend

Revenue Growth64th percentile

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

$150K$100K$50K$0-$50KRevenue 2012: $102,500Expenses 2012: $125,467Net Income 2012: -$22,9672012Revenue 2013: $72,157Expenses 2013: $52,061Net Income 2013: $20,0962013Revenue 2014: $65,000Expenses 2014: $64,625Net Income 2014: $3752014Revenue 2015: $65,000Expenses 2015: $64,625Net Income 2015: $3752015Revenue 2016: $65,000Expenses 2016: $64,625Net Income 2016: $3752016Revenue 2017: $65,000Expenses 2017: $64,625Net Income 2017: $3752017Revenue 2018: $7,692Expenses 2018: $10,349Net Income 2018: -$2,6572018Revenue 2019: $8,549Expenses 2019: $8,330Net Income 2019: $2192019Revenue 2019: $8,549Expenses 2019: $8,330Net Income 2019: $2192019Revenue 2020: $115,2002020Revenue 2021: $5,000Expenses 2021: $12,503Net Income 2021: -$7,5032021Revenue 2022: $32,461Expenses 2022: $29,084Net Income 2022: $3,3772022Revenue 2023: $52,883Expenses 2023: $10,045Net Income 2023: $42,8382023Revenue 2024: $6,038Expenses 2024: $31,062Net Income 2024: -$25,0242024

Highlighted filing

2019

Revenue$8,549
Expenses$8,330
Net Income$219
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 15, 2020
Return Version
2019v5.0
Gross Receipts
$8,549
Mission and Program Overview

Mission

To aid the poor children in North Korea

Program Services

DescriptionGrantsExpenses
TO AID THE POOR CHILDREN IN NORTH KOREA-$7,480
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
WOONG R KANGPresident-$0--
Filing and Contact Details

Filer

Filer Name
W7 Foundation
EIN
61-1547835
Phone
2025186922
Address
1854 ONTARIO PLACE NW, WASHINGTON, DC 20009

Signing Officer

Name
Woong R Kang
Title
President
Phone
2025186922
Signed
2020-11-15
Discuss with paid preparer
Yes

Preparer

Firm
FARMER & FIRST PC CPA'S
Address
6 STATE ST, WARREN, RI 02885-3120
Preparer
Robert First CPA
Phone
4012471040
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses travel 7,480 tax penalty payment 850 total 8,330”

Form 990-ez, Part II, Line 26

“CASH OVERDRAFT 219 0”

Raw XML Appendix117 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0WOONG KANG
IRS990EZ/BooksInCareOfDetail/PhoneNum02025186922
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01854 ONTARIO PLACE NW
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0WASHINGTON
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0DC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd020009
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt08549
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0219
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt00
IRS990EZ/Form990TotalAssetsGrp/EOYAmt00
IRS990EZ/GrossReceiptsAmt08549
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-219
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-219
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0WOONG R KANG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt08330
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO AID THE POOR CHILDREN IN NORTH KOREA
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO AID THE POOR CHILDREN IN NORTH KOREA
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt07480
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0DC
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0219
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt08330
IRS990EZ/TotalProgramServiceExpensesAmt07480
IRS990EZ/TotalRevenueAmt08549
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt08549
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt07692
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt06849
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt023090
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt023090
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt08549
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt07692
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt06849
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt023090
IRS990ScheduleA/TotalSupportAmt023090
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES TRAVEL 7,480 TAX PENALTY PAYMENT 850 TOTAL 8,330
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CASH OVERDRAFT 219 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WOONG R KANG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02025186922
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0W7 FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0W7FO
ReturnHeader/Filer/EIN0611547835
ReturnHeader/Filer/PhoneNum02025186922
ReturnHeader/Filer/USAddress/AddressLine1Txt01854 ONTARIO PLACE NW
ReturnHeader/Filer/USAddress/CityNm0WASHINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd020009
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0F0F18893475A5D80C178EFE812102C80DE006AC2
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId01D678D9767F5368743EE11F0BACEB0FD965198AA
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt068.99.158.189
ReturnHeader/FilingSecurityInformation/IPDt02020-11-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm006:40:18
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0050519103
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FARMER & FIRST PC CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06 STATE ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WARREN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0RI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0028853120
ReturnHeader/PreparerPersonGrp/PhoneNum04012471040
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT FIRST CPA
ReturnHeader/ReturnTs02020-11-16T06:40:18-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
-
Net assets
$0
Revenue
$8,549
Expenses
$8,330
Net income
$219
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.26$1.26$0.06$0.31$0.25
2023Summary only. Only limited summary data is available for this year.$1.45$0.00$0.53$0.10$0.43
2022Detailed filing. Detailed filing data is available for this year.$1.02$1.02$0.32$0.29$0.03
2021Summary only. Only limited summary data is available for this year.$1.08$0.00$0.05$0.13$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.15$1.15$1.15
2019Summary only. Only limited summary data is available for this year.$0.00$0.00$0.09$0.08$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.09$0.08$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.08$0.10$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.21$0.21$0.65$0.65$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.21$0.21$0.65$0.65$0.00
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.21$0.00$0.21$0.65$0.65$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.65$0.65$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.72$0.52$0.20
2012Summary only. Only limited summary data is available for this year.$0.00$0.00$1.03$1.25$0.23