Civic Intelligence

W7 Foundation

990EZ • Fiscal year 2022 • EIN 61-1547835

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

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 2022

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2022

Net Margin

59th percentile

10%

Higher net margin than 59% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

38th percentile

-5.0%

Faster asset growth than 38% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

96th percentile

549%

Faster revenue growth than 96% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$102,269

Down $5,428 (-5.0%) from 2021

Net Assets

$102,269

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin59th percentile

Revenue

Up

$32,461

Up $27,461 (+549%) from 2021

Expenses

Up

$29,084

Up $16,581 (+133%) from 2021

Net Income

Up

$3,377

Up $10,880 (+145%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

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: $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

2022

Assets$102,269
Liabilities-
Net Assets$102,269
Open 2022 Filing

Operations Trend

Revenue Growth96th 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 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

2022

Revenue$32,461
Expenses$29,084
Net Income$3,377
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$37,342
Mission and Program Overview

Mission

To aid the poor children in North Korea

To fund scholarsips for college bound students

Program Services

DescriptionGrantsExpenses
PAID OUT AS SCHOLARSHIPS FOR 2 COLLEGE BOUND STUDENTS$28,316$28,316
Compensation and Service Providers
Top Officer Pay78th 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
2023-11-15
Discuss with paid preparer
Yes

Preparer

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

Additional Explanations

Form 990-ez, Part I, Line 10

“Cash contribution: 28,316”

Form 990-ez, Part I, Line 16

“Expenses bank charge 45 foreign tax pd - dividend 6 investment fees 717 total 768”

Form 990-ez, Part I, Line 20

“Unrealized loss on securities -8,805”

Raw XML Appendix129 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/CashSavingsAndInvestmentsGrp/BOYAmt0107697
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0102269
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt030000
IRS990EZ/CostOrOtherBasisExpenseSaleAmt04881
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt03377
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0107697
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0102269
IRS990EZ/GainOrLossFromSaleOfAssetsAmt0-422
IRS990EZ/GrantsAndSimilarAmountsPaidAmt028316
IRS990EZ/GrossReceiptsAmt037342
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt02883
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0107697
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0102269
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0107697
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0102269
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0WOONG R KANG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherChangesInNetAssetsAmt0-8805
IRS990EZ/OtherExpensesTotalAmt0768
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO FUND SCHOLARSIPS FOR COLLEGE BOUND STUDENTS
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PAID OUT AS SCHOLARSHIPS FOR 2 COLLEGE BOUND STUDENTS
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt028316
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt028316
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SaleOfAssetsGrossAmt04459
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0DC
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt029084
IRS990EZ/TotalProgramServiceExpensesAmt028316
IRS990EZ/TotalRevenueAmt032461
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt030000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt05000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0115200
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt08549
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt07692
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0166441
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02883
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02883
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98300
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0166441
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt030000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt05000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0115200
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt08549
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt07692
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0166441
IRS990ScheduleA/TotalSupportAmt0169324
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/ExplanationTxt0CASH CONTRIBUTION: 28,316
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES BANK CHARGE 45 FOREIGN TAX PD - DIVIDEND 6 INVESTMENT FEES 717 TOTAL 768
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UNREALIZED LOSS ON SECURITIES -8,805
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 20
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WOONG R KANG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02025186922
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-15
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/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0050519103
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FARMER FIRST & VINING PC CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06 STATE ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WARREN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0RI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002885
ReturnHeader/PreparerPersonGrp/PhoneNum04012471040
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT FIRST CPA
ReturnHeader/ReturnTs02023-11-15T20:24:28-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0WOONG R
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KANG
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$102,269
Liabilities
-
Net assets
$102,269
Revenue
$32,461
Expenses
$29,084
Net income
$3,377
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
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