Friends Of Ai Kwang Won Inc
- Assets
- $50.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, VA
- Founding
- 02/1983
- Data as of
- 12/2021
- EIN
- 52-1273600
Organization Overview
Friends Of Ai Kwang Won Inc is located in Boston, VA. The organization was established in 1983. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Ai Kwang Won Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Friends Of Ai Kwang Won Inc generated $30.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $10.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDED FUNDING FOR THE REFURBISHMENT OF VOCATIONAL TRAINING FACILITIES FOR PHYSICALLY DISABLED RESIDENTS OF AI KWANG WON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alessandra Kim Treasurer | 5 | $0 | |
Hae Yong Kwon Director | 5 | $0 | |
Yeong Soo Shin Director | 5 | $0 | |
Youngho Lee Director | 5 | $0 | |
Stuart Solomon Director | 5 | $0 | |
J Marcus Shim Chairman | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,215 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $5 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$10,058 |
| Other Revenue | $0 |
| Total Revenue | $30,162 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $392 |
| Other expenses | $0 |
| Total expenses | $10,392 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $50,727 |
| Other assets | $0 |
| Total assets | $50,727 |
| Total liabilities | $0 |
| Net assets or fund balances | $50,727 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of Ai Kwang Won Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Korean American Buddhist Foundation Inc Alpine, NJ PURPOSE: CONTRIBUTION TO GOOD CAUSE | $2,500 |
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