Civic Intelligence

Jayone K-Culture Foundation

990 • Fiscal year 2023 • EIN 93-4474199

Jan 01, 2023 to Dec 31, 2023 • Filed on May 04, 2024

7308 Alondra BlvdParamount, CA 90723

(562) 633-7400

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

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2023

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

2023 filings • NTEE A23 • <$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

Assets

$0

No earlier filing loaded for comparison.

Net Assets

$0

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$0

No earlier filing loaded for comparison.

Expenses

$0

No earlier filing loaded for comparison.

Net Income

$0

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

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

Highlighted filing

2023

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$0
Expenses$0
Net Income$0
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 4, 2024
Return Version
2023v5.1
Gross Receipts
$0
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-
Total Assets$0$0→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$0$0→ $0
Compensation and Service Providers

Board Members and Trustees

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

Revenue Composition

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

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
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
2024-05-04
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 didn't 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

Raw XML Appendix274 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.

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IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InitialReturnInd0X
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IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd0false
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
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IRS990/MethodOfAccountingCashInd0X
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IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
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IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0Financial support to utilizing digital platforms to create engaging content about Korean culture
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The return preparer distributes a copy to all members before filing the Form 990 and to respond to the questions from members if any.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization made its conflict of interest policy and have the financial statements avaiable upon request from the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2There was no unrelated business gross income of $1,000 ore more for 2023.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization didn't receive any payments for indoor tanning services for 2023.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The governing body delegates broad authority to an executive committe.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Cash basis used to prepare the Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Contemporaneously documented.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7None
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt V, Line 14b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt XII, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other
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IRS990/WebsiteAddressTxt0N/A
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Seung H Lee
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum05626337400
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Jayone K-Culture Foundation
ReturnHeader/Filer/BusinessNameControlTxt0JAYO
ReturnHeader/Filer/EIN0934474199
ReturnHeader/Filer/PhoneNum05626337400
ReturnHeader/Filer/USAddress/AddressLine1Txt07308 Alondra Blvd
ReturnHeader/Filer/USAddress/CityNm0Paramount
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090723
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203998040
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Jong G Kim CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06131 Orangethorpe Ave Suite 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Buena Park
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090620
ReturnHeader/PreparerPersonGrp/PhoneNum05622291213
ReturnHeader/PreparerPersonGrp/PreparationDt02024-06-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jong G Kim CPA
ReturnHeader/ReturnTs02024-06-17T17:22:58-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Seung
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Lee
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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