Civic Intelligence

World Culture Open Inc.

990 • Fiscal year 2016 • EIN 77-0620589

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

Organization Profile[email protected]
545 West 25th Street 8th FLNew York, NY 10001

(212) 244-7200

Siviq Scores

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

Liabilities / Assets

47th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • NTEE A20 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2016

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2016

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

2016 filings • NTEE A20 • <$500k nonprofits • Source year 2016

Asset Growth

34th percentile

-6.0%

Faster asset growth than 34% of similar nonprofits.

2016 filings • NTEE A20 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2016 filings • NTEE A20 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets47th percentile

Assets

Down

$28,239

Down $1,816 (-6.0%) from 2015

Net Assets

Down

$28,239

Down $1,816 (-6.0%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $1,980 (-100%) from 2015

Expenses

Up

$1,816

Up $1,600 (+741%) from 2015

Net Income

Down

-$1,816

Down $3,580 (-203%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

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

$40K$30K$20K$10K$0Assets 2011: $28,258Liabilities 2011: $0Net Assets 2011: $28,2582011Assets 2012: $19,179Liabilities 2012: $0Net Assets 2012: $19,1792012Assets 2013: $18,291Liabilities 2013: $0Net Assets 2013: $18,2912013Assets 2014: $28,291Liabilities 2014: $0Net Assets 2014: $28,2912014Assets 2015: $30,055Liabilities 2015: $0Net Assets 2015: $30,0552015Assets 2016: $28,239Liabilities 2016: $0Net Assets 2016: $28,2392016Assets 2017: $28,023Liabilities 2017: $0Net Assets 2017: $28,0232017Assets 2018: $27,807Liabilities 2018: $0Net Assets 2018: $27,8072018Assets 2019: $28,716Liabilities 2019: $0Net Assets 2019: $28,7162019Assets 2020: $28,500Liabilities 2020: $0Net Assets 2020: $28,5002020Assets 2021: $23,784Liabilities 2021: $0Net Assets 2021: $23,7842021Assets 2022: $26,066Liabilities 2022: $0Net Assets 2022: $26,0662022Assets 2023: $26,611Net Assets 2023: $26,6112023Assets 2024: $24,887Net Assets 2024: $24,8872024

Highlighted filing

2016

Assets$28,239
Liabilities$0
Net Assets$28,239
Open 2016 Filing

Operations Trend

Revenue Growth1st percentile

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

$10K$5.0K$0-$5.0KExpenses 2011: $9,0812011Expenses 2012: $9,0792012Revenue 2013: $0Expenses 2013: $888Net Income 2013: -$8882013Revenue 2014: $10,000Expenses 2014: $0Net Income 2014: $10,0002014Revenue 2015: $1,980Expenses 2015: $216Net Income 2015: $1,7642015Revenue 2016: $0Expenses 2016: $1,816Net Income 2016: -$1,8162016Revenue 2017: $0Expenses 2017: $216Net Income 2017: -$2162017Revenue 2018: $0Expenses 2018: $216Net Income 2018: -$2162018Revenue 2019: $2,625Expenses 2019: $1,716Net Income 2019: $9092019Revenue 2020: $0Expenses 2020: $216Net Income 2020: -$2162020Revenue 2021: $0Expenses 2021: $4,716Net Income 2021: -$4,7162021Revenue 2022: $2,500Expenses 2022: $218Net Income 2022: $2,2822022Revenue 2023: $3,908Expenses 2023: $3,363Net Income 2023: $5452023Revenue 2024: $4,733Expenses 2024: $6,457Net Income 2024: -$1,7242024

Highlighted filing

2016

Revenue$0
Expenses$1,816
Net Income-$1,816
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$0
Mission and Program Overview

Mission

Organization's mission world culture open is a non-profit organization committed to the cultivation of harmonious global culture and the promotion of cross- cultural cooperation by creating an innovative cultural platform for people share, respect, enjoy and value cultural diversity and to mutually develop lifelong respect for different cultures. Objectives and ongoing activities :forstering sustainable networks or committed artists, cultural practitioners, volunteers and donors to promote collaborative cultural development. : creating free cultural spaces for local artists and communities for cultural gath erings and activities : developing programs for cultural dialogue, exchanges and learning. Special focus of the 2017 activities : develope international partnership for the 'finding culture designers' campaign, which aims to promote the greater good for society and the world. (culture designers are everyday heroes, change makers and innovative people who are harnessing their talent

Organization's mission world culture open is a non-profit organization committed to the cultivation of harmonious global culture and the promotion of cross- cultural cooperation by creating an innovative cultural platform for people share, respect, enjoy and value cultural diversity and to mutually develop lifelong respect for different cultures. Objectives and ongoing activities :forstering sustainable networks or committed artists, cultural practitioners, volunteers and donors to promote collaborative cultural development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$30,055$28,239▼ $1,816
Cash and Non-Interest-Bearing Accounts$20,055$18,239▼ $1,816
Investments in Publicly Traded Securities$10,000$10,000→ $0
Total Assets$30,055$28,239▼ $1,816
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$30,055$28,239▼ $1,816
Total Liabilities and Net Assets / Fund Balance$30,055$28,239▼ $1,816
Compensation and Service Providers
Top Officer Pay72nd percentile

Board Members and Trustees

NameTitle
Byung J YuCreative Director
Jin S ChaeExecutive Di
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-1,816
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,816
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses-$216-$216
Total Functional Expenses$0$1,816$0$1,816
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
World Culture Open Inc
EIN
77-0620589
Address
545 WEST 25TH STREET 8TH FL, NEW YORK, NY 10001

Signing Officer

Name
Jin S Chae
Title
Executive Director
Signed
2017-11-15

Organization Details

Principal Officer
Byung J Yu
Formed
2003
Legal Domicile
Ny
Voting Board Members
2
Independent Board Members
2
Employees
0

Preparer

Firm
David Shin CPA Pc
Address
21814 NORTHERN BLVD STE 108, BAYSIDE, NY 11361-3580
Preparer
David Shin
Phone
7183520884
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Organization's mission world culture open is a non-profit organization committed to the cultivation of harmonious global culture and the promotion of cross- cultural cooperation by creating an innovative cultural platform for people share, respect, enjoy and value cultural diversity and to mutually develop lifelong respect for different cultures. Objectives and ongoing activities :forstering sustainable networks or committed artists, cultural practitioners, volunteers and donors to promote collaborative cultural development.”

Form 990, Part XI, Line 9

“SECURITY DEPOSIT 0”

Raw XML Appendix222 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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IRS990/InvestmentsPubTradedSecGrp/BOYAmt010000
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SECURITY DEPOSIT 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JIN S CHAE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WORLD CULTURE OPEN INC
ReturnHeader/Filer/BusinessNameControlTxt0WORL
ReturnHeader/Filer/EIN0770620589
ReturnHeader/Filer/USAddress/AddressLine1Txt0545 WEST 25TH STREET 8TH FL
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0113323329
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAVID SHIN CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt021814 NORTHERN BLVD STE 108
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BAYSIDE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0113613580
ReturnHeader/PreparerPersonGrp/PhoneNum07183520884
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID SHIN
ReturnHeader/ReturnTs02017-11-15T19:26:11-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$28,239
Liabilities
$0
Net assets
$28,239
Revenue
$0
Expenses
$1,816
Net income
-$1,816
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$24.9$24.9$4.73$6.46$1.72
2023Detailed filing. Detailed filing data is available for this year.$26.6$26.6$3.91$3.36$0.55
2022Detailed filing. Detailed filing data is available for this year.$26.1$0.00$26.1$2.50$0.22$2.28
2021Detailed filing. Detailed filing data is available for this year.$23.8$0.00$23.8$0.00$4.72$4.72
2020Detailed filing. Detailed filing data is available for this year.$28.5$0.00$28.5$0.00$0.22$0.22
2019Detailed filing. Detailed filing data is available for this year.$28.7$0.00$28.7$2.63$1.72$0.91
2018Detailed filing. Detailed filing data is available for this year.$27.8$0.00$27.8$0.00$0.22$0.22
2017Detailed filing. Detailed filing data is available for this year.$28.0$0.00$28.0$0.00$0.22$0.22
2016Detailed filing. Detailed filing data is available for this year.$28.2$0.00$28.2$0.00$1.82$1.82
2015Detailed filing. Detailed filing data is available for this year.$30.1$0.00$30.1$1.98$0.22$1.76
2014Detailed filing. Detailed filing data is available for this year.$28.3$0.00$28.3$10.0$0.00$10.0
2013Detailed filing. Detailed filing data is available for this year.$18.3$0.00$18.3$0.00$0.89$0.89
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.2$0.00$19.2$9.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.3$0.00$28.3$9.08