Civic Intelligence

Walec Inc.

990EZ • Fiscal year 2023 • EIN 93-3135556

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 03, 2024

Organization Profile
11 Perimeter Center East STE 1411Dunwoody, GA 30346

(770) 568-1233

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

63rd percentile

15%

Higher net margin than 63% of similar nonprofits.

2023 filings • NTEE I • <$500k nonprofits • Source year 2023

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.

2023 filings • NTEE I • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

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

Source year 2023

Revenue Growth

Score unavailable

No value available

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

Source year 2023

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

$566

No earlier filing loaded for comparison.

Net Assets

$566

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin63rd percentile

Revenue

$3,701

No earlier filing loaded for comparison.

Expenses

$3,135

No earlier filing loaded for comparison.

Net Income

$566

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.

$600$400$200$0Assets 2023: $566Net Assets 2023: $5662023Assets 2024: $473Net Assets 2024: $4732024

Highlighted filing

2023

Assets$566
Liabilities-
Net Assets$566
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$20K$15K$10K$5.0K$0-$5.0KRevenue 2023: $3,701Expenses 2023: $3,135Net Income 2023: $5662023Revenue 2024: $18,000Expenses 2024: $18,093Net Income 2024: -$932024

Highlighted filing

2023

Revenue$3,701
Expenses$3,135
Net Income$566
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 3, 2024
Return Version
2023v5.0
Gross Receipts
$3,701
Mission and Program Overview

Mission

Law enforcement assistance in Korean Community

Program Services

DescriptionGrantsExpenses
Nothing--
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeong Ki MinPresident-$0--
Filing and Contact Details

Filer

Filer Name
WALEC Inc
EIN
93-3135556
Address
11 Perimeter Center East STE 1411, Dunwoody, GA 30346

Signing Officer

Name
Jeong Ki Min
Title
Presidnet
Signed
2024-04-03
Discuss with paid preparer
No

Preparer

Firm
Cho's Tax & Accounting LLC
Address
4485 Tench Rd Ste 650, Suwanee, GA 30024
Preparer
Sang D Cho
Phone
6787799297
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16, Other Expenses

“License 2,300”

Raw XML Appendix87 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/PersonNm0Jeong Ki Min
IRS990EZ/BooksInCareOfDetail/PhoneNum07705681233
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt011 Perimeter Center East 1411
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Dunwoody
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0GA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd030346
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0566
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0566
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt00
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0566
IRS990EZ/GrossReceiptsAmt03701
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitialReturnInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt03701
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NameChangeInd0X
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0566
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0566
IRS990EZ/OccupancyRentUtltsAndMaintAmt0835
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Jeong Ki Min
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt02300
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Law enforcement assistance in Korean Community
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Nothing
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TotalExpensesAmt03135
IRS990EZ/TotalRevenueAmt03701
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/TestPublicSafetyInd0X
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0License 2,300
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16, Other Expenses
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Jeong Ki Min
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Presidnet
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WALEC Inc
ReturnHeader/Filer/BusinessNameControlTxt0WALE
ReturnHeader/Filer/EIN0933135556
ReturnHeader/Filer/USAddress/AddressLine1Txt011 Perimeter Center East STE 1411
ReturnHeader/Filer/USAddress/CityNm0Dunwoody
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030346
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261856403
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Cho's Tax & Accounting LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04485 Tench Rd Ste 650
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Suwanee
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030024
ReturnHeader/PreparerPersonGrp/PhoneNum06787799297
ReturnHeader/PreparerPersonGrp/PreparationDt02024-04-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Sang D Cho
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-04-03T09:45:48-00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Jeong Ki
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Min
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
$566
Liabilities
-
Net assets
$566
Revenue
$3,701
Expenses
$3,135
Net income
$566
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.47$0.47$18.0$18.1$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.57$0.57$3.70$3.14$0.57