Civic Intelligence

W7 Foundation

990EZ • Fiscal year 2023 • EIN 61-1547835

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

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 2023

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2023

Net Margin

96th percentile

81%

Higher net margin than 96% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

83rd percentile

42%

Faster asset growth than 83% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

84th percentile

63%

Faster revenue growth than 84% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Flat

$145,107

Flat from 2023

Net Assets

$145,107

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin96th percentile

Revenue

Flat

$52,883

Flat from 2023

Expenses

Flat

$10,045

Flat from 2023

Net Income

Flat

$42,838

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth83rd 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: $145,107Net Assets 2023: $145,1072023Assets 2023: $145,107Liabilities 2023: $02023Assets 2024: $126,311Net Assets 2024: $126,3112024

Highlighted filing

2023

Assets$145,107
Liabilities-
Net Assets$145,107
Open 2023 Filing

Operations Trend

Revenue Growth84th 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 2023: $52,883Expenses 2023: $10,045Net Income 2023: $42,8382023Revenue 2024: $6,038Expenses 2024: $31,062Net Income 2024: -$25,0242024

Highlighted filing

2023

Revenue$52,883
Expenses$10,045
Net Income$42,838
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.0
Gross Receipts
$52,883
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$8,000$8,000
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
2024-11-14
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: 8,000”

Form 990-ez, Part I, Line 16

“Expenses dues 6 miscellaneous 2,039 total 2,045”

Form 990-ez, Part I, Line 20

“Unrealized loss on securities 0”

Raw XML Appendix124 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/BOYAmt0102269
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0145107
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt050000
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt042838
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0102269
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0145107
IRS990EZ/GrantsAndSimilarAmountsPaidAmt08000
IRS990EZ/GrossReceiptsAmt052883
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt02883
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0102269
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0145107
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0102269
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0145107
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt02.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0WOONG R KANG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt02045
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/GrantsAndAllocationsAmt08000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt08000
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0DC
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt010045
IRS990EZ/TotalProgramServiceExpensesAmt08000
IRS990EZ/TotalRevenueAmt052883
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt050000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt030000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt05000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0115200
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt08549
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0208749
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02883
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02883
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05766
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97310
IRS990ScheduleA/PublicSupportPY170Pct00.98300
IRS990ScheduleA/PublicSupportTotal170Amt0208749
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt050000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt030000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt05000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0115200
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt08549
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0208749
IRS990ScheduleA/TotalSupportAmt0214515
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: 8,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES DUES 6 MISCELLANEOUS 2,039 TOTAL 2,045
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UNREALIZED LOSS ON SECURITIES 0
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/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WOONG R KANG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02025186922
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-14
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/PreparationDt02024-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT FIRST CPA
ReturnHeader/ReturnTs02024-11-15T13:14:47-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$145,107
Liabilities
-
Net assets
$145,107
Revenue
$52,883
Expenses
$10,045
Net income
$42,838
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
2023Detailed filing. Detailed filing data is available for this year.$1.45$1.45$0.53$0.10$0.43
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