Civic Intelligence

Woori Foundation

990 • Fiscal year 2023 • EIN 82-3702867

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 21, 2024

Organization ProfileN/A
3530 Wilshire Blvd Suite 1510Los Angeles, CA 90010

(323) 438-2371

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • 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

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

21st percentile

-4.8%

Faster asset growth than 21% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

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

Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets17th percentile

Assets

Down

$1,405,303

Down $71,504 (-4.8%) from 2022

Net Assets

Down

$1,405,303

Down $71,504 (-4.8%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Flat

$0

Flat from 2022

Expenses

Down

$71,504

Down $14,521 (-17%) from 2022

Net Income

Up

-$71,504

Up $14,521 (+17%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2018: $1,004,018Liabilities 2018: $0Net Assets 2018: $1,004,0182018Assets 2019: $1,197,198Liabilities 2019: $0Net Assets 2019: $1,197,1982019Assets 2020: $1,655,157Liabilities 2020: $0Net Assets 2020: $1,655,1572020Assets 2021: $1,562,832Liabilities 2021: $0Net Assets 2021: $1,562,8322021Assets 2022: $1,476,807Liabilities 2022: $0Net Assets 2022: $1,476,8072022Assets 2023: $1,405,303Liabilities 2023: $0Net Assets 2023: $1,405,3032023Assets 2024: $1,323,228Liabilities 2024: $0Net Assets 2024: $1,323,2282024

Highlighted filing

2023

Assets$1,405,303
Liabilities$0
Net Assets$1,405,303
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500KRevenue 2018: $1,050,000Expenses 2018: $45,982Net Income 2018: $1,004,0182018Revenue 2019: $266,000Expenses 2019: $72,820Net Income 2019: $193,1802019Revenue 2020: $535,000Expenses 2020: $77,041Net Income 2020: $457,9592020Revenue 2021: $0Expenses 2021: $92,325Net Income 2021: -$92,3252021Revenue 2022: $0Expenses 2022: $86,025Net Income 2022: -$86,0252022Revenue 2023: $0Expenses 2023: $71,504Net Income 2023: -$71,5042023Revenue 2024: $0Expenses 2024: $82,075Net Income 2024: -$82,0752024

Highlighted filing

2023

Revenue$0
Expenses$71,504
Net Income-$71,504
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 21, 2024
Return Version
2023v5.0
Gross Receipts
$0
Mission and Program Overview

Mission

To support orphanages and disabled people.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,476,807$1,405,303▼ $71,504
Rtn Earn Endowment Incm Other Fnds$1,476,807$1,405,303▼ $71,504
Total Assets$1,476,807$1,405,303▼ $71,504
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,476,807$1,405,303▼ $71,504
Total Liabilities and Net Assets / Fund Balance$1,476,807$1,405,303▼ $71,504
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Grace LimPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-71,504
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$71,504
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$70,000$4-$4
Total Functional Expenses$70,000$1,504$0$71,504
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
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
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
Woori Foundation
EIN
82-3702867
Phone
3234382371
Address
3530 WILSHIRE BLVD SUITE 1510, LOS ANGELES, CA 90010

Signing Officer

Name
Grace Lim
Title
President
Phone
3234382371
Signed
2024-10-21

Organization Details

Principal Officer
Grace Lim
Formed
2017
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
1
Employees
0
Volunteers
4

Preparer

Firm
Ucmk & Associates
Address
3530 WILSHIRE BLVD STE 1510, LOS ANGELES, CA 90010-2327
Preparer
Bokki Min
Phone
2132328334
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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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ReturnHeader/BuildTS02024-10-15 13:58:12Z
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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 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,405,303
Liabilities
$0
Net assets
$1,405,303
Revenue
$0
Expenses
$71,504
Net income
-$71,504
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.32$0.00$1.32$0.00$0.08$0.08
2023Detailed filing. Detailed filing data is available for this year.$1.41$0.00$1.41$0.00$0.07$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.48$0.00$1.48$0.00$0.09$0.09
2021Detailed filing. Detailed filing data is available for this year.$1.56$0.00$1.56$0.00$0.09$0.09
2020Detailed filing. Detailed filing data is available for this year.$1.66$0.00$1.66$0.54$0.08$0.46
2019Detailed filing. Detailed filing data is available for this year.$1.20$0.00$1.20$0.27$0.07$0.19
2018Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$1.05$0.05$1.00