Civic Intelligence

Freed & Kwon Humanitarian Medical Fund Inc.

990 • Fiscal year 2019 • EIN 82-3015704

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 11, 2020

CO J Freed 333 E 91st St No 24ANew York, NY 10128

(212) 953-9200

Siviq Scores

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

Liabilities / Assets

87th percentile

0.53x

Higher debt load relative to assets than 87% of similar nonprofits.

2019 filings • NTEE E • <$500k nonprofits • Source year 2019

Liabilities / Revenue

86th percentile

0.43x

Higher debt load relative to revenue than 86% of similar nonprofits.

2019 filings • NTEE E • <$500k nonprofits • Source year 2019

Net Margin

14th percentile

-38%

Higher net margin than 14% of similar nonprofits.

2019 filings • NTEE E • <$500k nonprofits • Source year 2019

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2019 filings • NTEE E • <$500k nonprofits • Source year 2019

Asset Growth

59th percentile

5.7%

Faster asset growth than 59% of similar nonprofits.

2019 filings • NTEE E • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

18th percentile

-32%

Faster revenue growth than 18% of similar nonprofits.

2019 filings • NTEE E • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$33,236

Up $1,792 (+5.7%) from 2018

Net Assets

Down

$15,598

Down $15,846 (-50%) from 2018

Liabilities

Up

$17,638

Up $17,638 from 2018

Revenue

Down

$41,446

Down $19,506 (-32%) from 2018

Expenses

Up

$57,292

Up $17,547 (+44%) from 2018

Net Income

Down

-$15,846

Down $37,053 (-175%) from 2018

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2017: $10,237Liabilities 2017: $0Net Assets 2017: $10,2372017Assets 2018: $31,444Liabilities 2018: $0Net Assets 2018: $31,4442018Assets 2019: $33,236Liabilities 2019: $17,638Net Assets 2019: $15,5982019Assets 2020: $54,414Liabilities 2020: $0Net Assets 2020: $54,4142020Assets 2021: $70,507Liabilities 2021: $0Net Assets 2021: $70,5072021Assets 2022: $70,423Liabilities 2022: $0Net Assets 2022: $70,4232022Assets 2023: $58,600Liabilities 2023: $0Net Assets 2023: $58,6002023Assets 2024: $52,913Liabilities 2024: $0Net Assets 2024: $52,9132024

Highlighted filing

2019

Assets$33,236
Liabilities$17,638
Net Assets$15,598

Operations Trend

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

$100K$50K$0-$50KRevenue 2017: $13,700Expenses 2017: $3,463Net Income 2017: $10,2372017Revenue 2018: $60,952Expenses 2018: $39,745Net Income 2018: $21,2072018Revenue 2019: $41,446Expenses 2019: $57,292Net Income 2019: -$15,8462019Revenue 2020: $46,974Expenses 2020: $8,158Net Income 2020: $38,8162020Revenue 2021: $24,183Expenses 2021: $8,090Net Income 2021: $16,0932021Revenue 2022: $13,406Expenses 2022: $13,490Net Income 2022: -$842022Revenue 2023: $17,281Expenses 2023: $29,104Net Income 2023: -$11,8232023Revenue 2024: $61,879Expenses 2024: $67,566Net Income 2024: -$5,6872024

Highlighted filing

2019

Revenue$41,446
Expenses$57,292
Net Income-$15,846
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 11, 2020
Return Version
2019v5.1
Gross Receipts
$41,446
Mission and Program Overview

Mission

To provide financial support to improve health conditions for individuals living in underdeveloped countries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$31,444$33,236▲ $1,792
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$31,444$33,236▲ $1,792
Liabilities
Other Liabilities$0$17,638▲ $17,638
Total Liabilities$0$17,638▲ $17,638
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$31,444$15,598▼ $15,846
Total Net Assets Fund Balance$31,444$15,598▼ $15,846
Total Liabilities and Net Assets / Fund Balance$31,444$33,236▲ $1,792

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$8,702$8,702
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jeffrey FreedPresident
Eileen RosenDirector
Soo KwonSecretary & Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$41,446
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$41,446
Change in Net Assets
$-15,846
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$52,692
Grants and Similar Amounts Paid$4,600
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$47,135--$47,135
Foreign Grants$4,600--$4,600
Fees for Services Accounting-$2,500-$2,500
Other Expenses$1,859$600-$600
Office Expenses-$598-$598
Total Functional Expenses$53,594$3,698$0$57,292
International Activity

International Summary

Offices
0
Employees
0
Spending
$53,594

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Bangladesh, South AsiaProgram ServicesFreed & Kwon Humanitarian Medical Fund Inc. Has Developed a Pelvic Floor Surgical Training Program in Bangladesh00$24,497
Bolivia, South AmericaProgram ServicesFreed and Kwon Returned to Bolivia to Continue Its Surgical Education Training Program00$24,497
Gambia West AfricaGrants to Recipients-00$4,600
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Payable$17,638
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Jeffrey freed and soo kwon are married.

Form 990, Part VI, Section B, Line 11B

A copy of form 990 was given and reviewed by the organizations' governing body before filing.

Form 990, Part VI, Section B, Line 12C

If there would be any contracting outside of freed & kwon humanitarian medical fund inc., employees will be required to list any potential conflicts of interest to be approved by a third party.

Form 990, Part VI, Section C, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Freed & Kwon Humanitarian
EIN
82-3015704
Phone
2129539200
Address
CO J FREED 333 E 91ST ST NO 24A, NEW YORK, NY 10128

Signing Officer

Name
Jeffrey Freed
Title
President
Phone
2129539200
Signed
2020-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Freed
Formed
2017
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Raines & Fischer Llp
Address
555 FIFTH AVENUE 9TH FLOOR, NEW YORK, NY 10017
Preparer
Steven Steckler
Phone
2129539200
Raw XML Appendix363 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/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
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IRS990/GrantsToIndividualsInd00
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FREED & KWON HUMANITARIAN MEDICAL FUND INC. WAS FORMED IN 2017.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, SHORT YEAR EXPLANATION:
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1BOLIVIA, SOUTH AMERICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2GAMBIA WEST AFRICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0FREED & KWON HUMANITARIAN MEDICAL FUND INC. HAS DEVELOPED A PELVIC FLOOR SURGICAL TRAINING PROGRAM IN BANGLADESH
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IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt0SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO,
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt0ONE EDUCATIONAL GRANT IS PROVIDED PER YEAR FOR A NURSE ANESTHETIST TO ATTEND SCHOOL IN A WEST AFRICAN COUNTRY (GAMBIA). THIS NURSE UNDERGOES FORMAL ANESTHESIA TRAINING IN ORDER TO HAVE THAT NURSE ULTIMATELY RETURN TO LIBERIA BE PROVIDE COMPETENT ANESTHESIA SERVICES. AT PRESENT THERE IS A CRITICAL LACK OF TRAINED ANESTHESIOLOGISTS IN LIBERIA PREVENTING THE FULFILLMENT OF THE GLOBAL HEALTH GOALS SET BY THE WORLD HEALTH ORGANIZATION.
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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0FREED & KWON HUMANITARIAN MEDICAL FUND INC. PROVIDES ONE EDUCATIONAL GRANT PER YEAR FOR A LIBERIAN NURSE ANESTHETIST TO ATTEND SCHOOL IN A WEST AFRICAN COUNTRY (GAMBIA)
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, COL (C):
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1PART III ACCOUNTING METHOD:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JEFFREY FREED AND SOO KWON ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF FORM 990 WAS GIVEN AND REVIEWED BY THE ORGANIZATIONS' GOVERNING BODY BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IF THERE WOULD BE ANY CONTRACTING OUTSIDE OF FREED & KWON HUMANITARIAN MEDICAL FUND INC., EMPLOYEES WILL BE REQUIRED TO LIST ANY POTENTIAL CONFLICTS OF INTEREST TO BE APPROVED BY A THIRD PARTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/USAddress/CityNm0NEW YORK
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFFREY FREED
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FREED & KWON HUMANITARIAN
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0MEDICAL FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0FREE
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0100.37.187.242
ReturnHeader/FilingSecurityInformation/IPDt02020-11-11
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ReturnHeader/FilingSecurityInformation/IPTm017:28:49
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133217649
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RAINES & FISCHER LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0555 FIFTH AVENUE 9TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010017
ReturnHeader/PreparerPersonGrp/PhoneNum02129539200
ReturnHeader/PreparerPersonGrp/PreparationDt02020-10-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN STECKLER
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-11-11T16:28:59-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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