Civic Intelligence

Jayone K-Culture Foundation

EIN 93-4474199 • 501(c)3 • Paramount, CA

NTEE A23

Profile

This foundation is going to introduce traditional Korean culture to the public and enrich their cultural lives nationwide in the United States through giving financial support to the activities of the varied groups interested in traditionl Korean culture.

7308 Alondra BlvdParamount, CA 90723

n/A

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$209,869

Up $209,869 from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$209,869

Up $209,869 from 2023

Operations

Revenue

Up

$230,000

Up $230,000 from 2023

Expenses

Up

$20,131

Up $20,131 from 2023

Net Income

Up

$209,869

Up $209,869 from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023Assets 2024: $209,869Liabilities 2024: $0Net Assets 2024: $209,8692024

Highlighted filing

2024

Assets$209,869
Liabilities$0
Net Assets$209,869
Open 2024 Filing

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023Revenue 2024: $230,000Expenses 2024: $20,131Net Income 2024: $209,8692024

Highlighted filing

2024

Revenue$230,000
Expenses$20,131
Net Income$209,869
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$209,869
Liabilities
$0
Net assets
$209,869
Revenue
$230,000
Expenses
$20,131
Net income
$209,869
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.10$0.00$2.10$2.30$0.20$2.10
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 12, 2025
Return Version
2024v5.1
Gross Receipts
$230,000
Mission and Program Overview

Mission

This foundation is going to introduce traditional Korean culture to the public and enrich their cultural lives nationwide in the United States through giving financial support to the activities of the varied groups interested in traditionl Korean culture.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$209,869▲ $209,869
Rtn Earn Endowment Incm Other Fnds-$209,869-
Total Assets$0$209,869▲ $209,869
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$209,869▲ $209,869
Total Liabilities and Net Assets / Fund Balance$0$209,869▲ $209,869
Compensation and Service Providers

Board Members and Trustees

NameTitle
Seung H LeeCEO
Jong G KimSecretary & CFO
Revenue and Support

Revenue Composition

Contributions and Grants
$230,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$230,000
Change in Net Assets
$209,869
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$20,000
Other Expenses$131
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$20,000--$20,000
Office Expenses$0$81$0$81
Other Expenses$0$50$0$50
Total Functional Expenses$20,000$131$0$20,131
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
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Jayone K-Culture Foundation
EIN
93-4474199
Phone
5626337400
Address
7308 Alondra Blvd, Paramount, CA 90723

Signing Officer

Name
Seung H Lee
Title
CEO
Phone
5626337400
Signed
2025-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Seung H Lee
Formed
2023
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Jong G Kim CPA
Address
6131 Orangethorpe Ave Suite 200, Buena Park, CA 90620
Preparer
Jong G Kim CPA
Phone
5622291213
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The return preparer distributes a copy to all members before filing the Form 990 and to respond to the questions from members if any.”

Pt VI, Line 19

“The organization made its conflict of interest policy and have the financial statements avaiable upon request from the public.”

Pt V, Line 3B

“There was no unrelated business gross income of $1,000 ore more for 2023.”

Pt V, Line 14B

“The organization didnt receive any payments for indoor tanning services for 2023.”

Pt VI, Line 1A

“The governing body delegates broad authority to an executive committe.”

Pt XII, Line 1

“Cash basis used to prepare the Form 990.”

Pt VI, Line 8A

“Contemporaneously documented.”

Other

“None”

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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/ReturnTs02025-04-24T09:23:42-07:00
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ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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