Civic Intelligence

Ik-Joong Kang Foundation Inc

EIN 99-3514044 • 501(c)3 • New York, NY

Profile

The foundation's mission is to promote the cultural understanding and cultural exchange through artistic endeavors, with a focus on creating bridges between the global arts community and the korean people in south korea and abroad.

325 Broadway 200New York, NY 10007

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

8.09x

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

NTEE A20 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

78th percentile

0.06x

Higher debt load relative to revenue than 78% of similar nonprofits.

NTEE A20 • <$500k nonprofits • Source year 2024

Net Margin

26th percentile

-5.1%

Higher net margin than 26% of similar nonprofits.

NTEE A20 • <$500k nonprofits • Source year 2024

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

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

NTEE A20 • <$500k nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

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

Source year 2024

Revenue Growth

Score unavailable

No value available

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

Source year 2024

Assets

$1,236

No earlier filing loaded for comparison.

Liabilities

$10,000

No earlier filing loaded for comparison.

Net Assets

-$8,764

No earlier filing loaded for comparison.

Revenue

$171,505

No earlier filing loaded for comparison.

Expenses

$180,269

No earlier filing loaded for comparison.

Net Income

-$8,764

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

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

$10K$5.0K$0-$5.0K-$10KAssets 2024: $1,236Liabilities 2024: $10,000Net Assets 2024: -$8,7642024

Highlighted filing

2024

Assets$1,236
Liabilities$10,000
Net Assets-$8,764

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2024: $171,505Expenses 2024: $180,269Net Income 2024: -$8,7642024

Highlighted filing

2024

Revenue$171,505
Expenses$180,269
Net Income-$8,764

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.01$0.10$0.09$1.72$1.80$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 16, 2025
Return Version
2024v5.2
Gross Receipts
$171,505
Mission and Program Overview

Mission

The foundation's mission is to promote the cultural understanding and cultural exchange through artistic endeavors, with a focus on creating bridges between the global arts community and the korean people in south korea and abroad.

Program Services

DescriptionGrantsExpenses
A PROJCET IN CAIRO, EGYPT TO BE KNOWN AS THE HANGEUL TEMPLE AND WILL BEINSTALLED IN FRONT OF THE PYRAMIDS OF GIZA IN THE FALL OF 2024. THE OUTER WALLS OF THESE PRISMS WILL BEINSCRIBED WITH THE LYRICS OF THE KOREAN FOLK SONG ARIRANG IN HANGEUL, ENGLISH, ARABIC, AND HIEROGLYPHICS. THE INTERIOR WILL BE ADORNED WITH OVER 5,000 MURAL DRAWINGS OF DREAMS CREATED BY CHILDREN FROM AROUND THE WORLD. IK JOONG KANG BELIEVES THAT THE "PYRAMIDS SYMBOLIZE THE PAST, 'ARIRANG' THE PRESENT, AND THE CHILDREN THE FUTURE. THIS WORK EMBODIES THE BELIEF THAT THE WORLD CAN COEXIST PEACEFULLY THROUGH EXCHANGEDESPITE THE DIVISIONS AND CONFLICTS ON EARTH. IT CREATES A CONNECTION BETWEEN THE PAST, PRESENT, AND FUTURE."EMBEDDED WITHIN THE FRAMEWORK OF A NONPROFIT CULTURAL ENDEAVOR, THIS PROJECT ASPIRES NOT ONLY TO AMPLIFYAWARENESS OF KOREA'S RICH CULTURAL HERITAGE BUT ALSO TO FOSTER PROFOUND GLOBAL COMMUNITY ENGAGEMENT.$0$158,739
ARTIST AND DIRECTOR OF THE HANGEUL PROJECT, IK-JOONG KANG, WILL USE 20,000 HANGEUL TILES TO CREATE THE WORLD'S FIRST HANGEUL WALL AT THE KOREAN CULTURAL CENTER IN NEW YORK. AMONG THE 20,000 TILES WILL BE 1,000 PIECES CREATED BY INDIVIDUALS FROM AROUND THE WORLD. INDIVIDUALS HAD UNTIL JUNE 30, 2024, TO SUBMIT THEIR OWN ARTWORKS INSPIRED BY THE THEME "THINGS I LOVE TO TALK ABOUT AND 1,000 OF THE PIECES WILL BE SELECTED THROUGH ONLINE VOTING BY THE PUBLIC AND REVIEW BY IK-JOONG KANG TO BECOME PART OF THE HANGEUL WALL. NOT ONLY DOES THIS INITIATIVE ALLOW PEOPLE FROM AROUND THE WORLD TO CONTRIBUTE TO A HISTORIC PIECE OF ART BUT IT PROVIDES AN EDUCATIONAL OPPORTUNITY FORPARTICIPANTS TO EXPLORE THE HISTORICAL SIGNIFICANCE OF HANGEUL.$0$21,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MARGARETTE LEEPresident-$0--
IK-JOONG KANGSecretary-$0--
KEHOO KANGTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Ik-joong Kang Foundation Inc
EIN
99-3514044
Phone
2124778008
Address
325 BROADWAY 200, NEW YORK, NY 10007

Signing Officer

Name
Margarette Lee
Title
President
Phone
2124778008
Signed
2025-10-16
Discuss with paid preparer
Yes

Preparer

Firm
Cbiz Advisors LLC
Address
68 SOUTH SERVICE ROAD SUITE 300, MELVILLE, NY 11747-2354
Preparer
Mary Ann Mendel
Phone
6314144000
Supplemental Narrative

Additional Explanations

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

Description: bank charge. Amount: 30. Description: egyptian project expense. Amount: 158,739. Description: korean cultural expense. Amount: 21,500. Total to form 990-ez, line 16: 180,269.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: due to president. Beg. Of year amount: 0. End of year amount: 10,000.

Raw XML Appendix153 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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IRS990EZ/PrimaryExemptPurposeTxt0THE FOUNDATION'S MISSION IS TO PROMOTE THE CULTURAL UNDERSTANDING AND CULTURAL EXCHANGE THROUGH ARTISTIC ENDEAVORS, WITH A FOCUS ON CREATING BRIDGES BETWEEN THE GLOBAL ARTS COMMUNITY AND THE KOREAN PEOPLE IN SOUTH KOREA AND ABROAD.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0ARTIST AND DIRECTOR OF THE HANGEUL PROJECT, IK-JOONG KANG, WILL USE 20,000 HANGEUL TILES TO CREATE THE WORLD'S FIRST HANGEUL WALL AT THE KOREAN CULTURAL CENTER IN NEW YORK. AMONG THE 20,000 TILES WILL BE 1,000 PIECES CREATED BY INDIVIDUALS FROM AROUND THE WORLD. INDIVIDUALS HAD UNTIL JUNE 30, 2024, TO SUBMIT THEIR OWN ARTWORKS INSPIRED BY THE THEME "THINGS I LOVE TO TALK ABOUT AND 1,000 OF THE PIECES WILL BE SELECTED THROUGH ONLINE VOTING BY THE PUBLIC AND REVIEW BY IK-JOONG KANG TO BECOME PART OF THE HANGEUL WALL. NOT ONLY DOES THIS INITIATIVE ALLOW PEOPLE FROM AROUND THE WORLD TO CONTRIBUTE TO A HISTORIC PIECE OF ART BUT IT PROVIDES AN EDUCATIONAL OPPORTUNITY FORPARTICIPANTS TO EXPLORE THE HISTORICAL SIGNIFICANCE OF HANGEUL.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1A PROJCET IN CAIRO, EGYPT TO BE KNOWN AS THE HANGEUL TEMPLE AND WILL BEINSTALLED IN FRONT OF THE PYRAMIDS OF GIZA IN THE FALL OF 2024. THE OUTER WALLS OF THESE PRISMS WILL BEINSCRIBED WITH THE LYRICS OF THE KOREAN FOLK SONG ARIRANG IN HANGEUL, ENGLISH, ARABIC, AND HIEROGLYPHICS. THE INTERIOR WILL BE ADORNED WITH OVER 5,000 MURAL DRAWINGS OF DREAMS CREATED BY CHILDREN FROM AROUND THE WORLD. IK JOONG KANG BELIEVES THAT THE "PYRAMIDS SYMBOLIZE THE PAST, 'ARIRANG' THE PRESENT, AND THE CHILDREN THE FUTURE. THIS WORK EMBODIES THE BELIEF THAT THE WORLD CAN COEXIST PEACEFULLY THROUGH EXCHANGEDESPITE THE DIVISIONS AND CONFLICTS ON EARTH. IT CREATES A CONNECTION BETWEEN THE PAST, PRESENT, AND FUTURE."EMBEDDED WITHIN THE FRAMEWORK OF A NONPROFIT CULTURAL ENDEAVOR, THIS PROJECT ASPIRES NOT ONLY TO AMPLIFYAWARENESS OF KOREA'S RICH CULTURAL HERITAGE BUT ALSO TO FOSTER PROFOUND GLOBAL COMMUNITY ENGAGEMENT.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: BANK CHARGE. AMOUNT: 30. DESCRIPTION: EGYPTIAN PROJECT EXPENSE. AMOUNT: 158,739. DESCRIPTION: KOREAN CULTURAL EXPENSE. AMOUNT: 21,500. TOTAL TO FORM 990-EZ, LINE 16: 180,269.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: DUE TO PRESIDENT. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 10,000.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/ReturnTs02025-10-17T14:18:46-05:00
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ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

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