Civic Intelligence

Korea Us Quantum Technology Cooperation Center

990 • Fiscal year 2022 • EIN 88-3633291

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

Organization Profile
1952 Gallows Rd Ste 200Vienna, VA 22182

(571) 317-4125

Siviq Scores

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

Liabilities / Assets

94th percentile

0.95x

Higher debt load relative to assets than 94% of similar nonprofits.

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

Liabilities / Revenue

97th percentile

2.05x

Higher debt load relative to revenue than 97% of similar nonprofits.

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

Net Margin

60th percentile

11%

Higher net margin than 60% of similar nonprofits.

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

Top Officer Pay

96th percentile

$73,333

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 41.7% of source-year revenue.

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

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Balance Sheet
Liabilities / Assets94th percentile

Assets

$379,552

No earlier filing loaded for comparison.

Net Assets

$19,531

No earlier filing loaded for comparison.

Liabilities

$360,021

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin60th percentile

Revenue

$175,932

No earlier filing loaded for comparison.

Expenses

$156,401

No earlier filing loaded for comparison.

Net Income

$19,531

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$400K$300K$200K$100K$0Assets 2022: $379,552Liabilities 2022: $360,021Net Assets 2022: $19,5312022Assets 2023: $376,552Liabilities 2023: $356,835Net Assets 2023: $19,7172023Assets 2024: $148,698Liabilities 2024: $126,175Net Assets 2024: $22,5232024

Highlighted filing

2022

Assets$379,552
Liabilities$360,021
Net Assets$19,531
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$800K$600K$400K$200K$0Revenue 2022: $175,932Expenses 2022: $156,401Net Income 2022: $19,5312022Revenue 2023: $617,900Expenses 2023: $617,714Net Income 2023: $1862023Revenue 2024: $729,934Expenses 2024: $727,128Net Income 2024: $2,8062024

Highlighted filing

2022

Revenue$175,932
Expenses$156,401
Net Income$19,531
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
$175,932
Mission and Program Overview

Mission

Enhancement of public and private cooperation between korea and united states to protect and promote critical and emerging quantum technology

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$371,438-
Land, Buildings, and Equipment, Net-$8,114-
Total Assets$0$379,552▲ $379,552
Liabilities
Other Liabilities-$360,021-
Total Liabilities$0$360,021▲ $360,021
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$19,531-
Total Net Assets Fund Balance$0$19,531▲ $19,531
Total Liabilities and Net Assets / Fund Balance$0$379,552▲ $379,552

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$8,114$301$8,415
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Yoonchae CheongPresidentFT$73,333$73,333
Revenue and Support

Revenue Composition

Contributions and Grants
$175,932
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$19,531
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$78,943
Other Expenses$77,458
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$73,333--$73,333
Conferences and Meetings$28,969--$28,969
Occupancy$14,300--$14,300
Office Expenses$13,271--$13,271
Travel$6,556--$6,556
Payroll Taxes$5,610--$5,610
Other Expenses$775--$775
Depreciation Depletion$301--$301
All Other Expenses$134--$134
Total Functional Expenses$156,401$0$0$156,401
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
Unearned Revenue$351,865
Payroll Tax Payable$4,776
Advance From Employee$3,380
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
Korea US Quantum Technology
EIN
88-3633291
Phone
5713174125
Address
1952 GALLOWS RD STE 200, VIENNA, VA 22182

Signing Officer

Name
Yoonchae Cheong
Title
President
Phone
5713174125
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Yoonchae Cheong
Voting Board Members
4
Independent Board Members
4
Employees
1
Volunteers
5

Preparer

Firm
Bom Hoe Huh CPA
Address
7019-6B EVERGREEN COURT, ANNANDALE, VA 22003
Preparer
Bom Hoe Huh
Phone
7036390634
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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/TaxPeriodBeginDt02022-01-01
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$379,552
Liabilities
$360,021
Net assets
$19,531
Revenue
$175,932
Expenses
$156,401
Net income
$19,531
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$1.26$0.23$7.30$7.27$0.03
2023Detailed filing. Detailed filing data is available for this year.$3.77$3.57$0.20$6.18$6.18$0.00
2022Detailed filing. Detailed filing data is available for this year.$3.80$3.60$0.20$1.76$1.56$0.20