Civic Intelligence

Walec Inc.

990EZ • Fiscal year 2024 • EIN 93-3135556

Jan 01, 2024 to Dec 31, 2024 • Filed on Apr 08, 2025

Organization Profile
2917 Bob White Dr NW STE 1411Duluth, GA 30096

(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 2024

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2024

Net Margin

36th percentile

-0.5%

Higher net margin than 36% of similar nonprofits.

2024 filings • NTEE I • <$500k nonprofits • Source year 2024

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2024 filings • NTEE I • <$500k nonprofits • Source year 2024

Asset Growth

31st percentile

-16%

Faster asset growth than 31% of similar nonprofits.

2024 filings • NTEE I • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

96th percentile

386%

Faster revenue growth than 96% of similar nonprofits.

2024 filings • NTEE I • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$473

Down $93 (-16%) from 2023

Net Assets

Down

$473

Down $93 (-16%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin36th percentile

Revenue

Up

$18,000

Up $14,299 (+386%) from 2023

Expenses

Up

$18,093

Up $14,958 (+477%) from 2023

Net Income

Down

-$93

Down $659 (-116%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth31st percentile

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

2024

Assets$473
Liabilities-
Net Assets$473
Open 2024 Filing

Operations Trend

Revenue Growth96th percentile

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

2024

Revenue$18,000
Expenses$18,093
Net Income-$93
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 8, 2025
Return Version
2024v5.1
Gross Receipts
$18,000
Mission and Program Overview

Mission

Law enforcement assistance in Korean Community

Program Services

DescriptionGrantsExpenses
Nothing--
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

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

Filer

Filer Name
WALEC Inc
EIN
93-3135556
Address
2917 Bob White Dr NW STE 1411, Duluth, GA 30096

Signing Officer

Name
Jeong Min
Title
Officer
Signed
2025-04-08
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

“Travel 1,350”

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

“Meals and entertainment 169”

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

“Supplies 13,780”

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

“License 85”

Raw XML Appendix99 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/AddressChangeInd0X
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/BOYAmt0566
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0473
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt018000
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-93
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0150
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0566
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0473
IRS990EZ/GrossReceiptsAmt018000
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0566
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0473
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0566
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0473
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Jeong Ki Min
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt015384
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Law enforcement assistance in Korean Community
IRS990EZ/PrintingPublicationsPostageAmt02559
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Nothing
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TotalExpensesAmt018093
IRS990EZ/TotalRevenueAmt018000
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/TestPublicSafetyInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Travel 1,350
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Meals and entertainment 169
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Supplies 13,780
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3License 85
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part I, Line 16, Other Expenses
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Jeong Min
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Officer
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WALEC Inc
ReturnHeader/Filer/BusinessNameControlTxt0WALE
ReturnHeader/Filer/EIN0933135556
ReturnHeader/Filer/USAddress/AddressLine1Txt02917 Bob White Dr NW STE 1411
ReturnHeader/Filer/USAddress/CityNm0Duluth
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030096
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/PreparationDt02025-04-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Sang D Cho
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-04-08T02:32:28-00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$473
Liabilities
-
Net assets
$473
Revenue
$18,000
Expenses
$18,093
Net income
-$93
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