FURP.ORG / PUBLIC DATA EXPLORER

WON INSTITUTE OF GRADUATE STUDIES: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
WON INSTITUTE OF GRADUATE STUDIES (EIN 23-3102135)
Tax period
2022-07-01 to 2023-06-30
Filed
2024-01-17
IRS object ID
202420179349301412
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-01-17T11:43:12-05:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN882373175PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GALANI & ASSOCIATES LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 26024AddressLine1Txt
CityCOLLEGEVILLECityNm
State AbbreviationPAStateAbbreviationCd
ZIP19426ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN233102135EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WON INSTITUTE OF GRADUATE STUDIESBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWONIBusinessNameControlTxt
Phone2158848942PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1800 JACKSONVILLE ROADAddressLine1Txt
CityWARMINSTERCityNm
State AbbreviationPAStateAbbreviationCd
ZIP18974ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWONSUN OH PHDPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone2158848942PhoneNum
Signature2024-01-11SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstWONSUNPersonFirstNm
Person LastOHPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonANTHONY GALANI CPAPreparerPersonNm
PTINP00971702PTIN
Phone4849618536PhoneNum
Preparation2024-01-15PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerWONSUN OH PHDPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1800 JACKSONVILLE ROADAddressLine1Txt
CityWARMINSTERCityNm
State AbbreviationPAStateAbbreviationCd
ZIP18974ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,419,859GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.WONINSTITUTE.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2002FormationYr
Legal Domicile StatePALegalDomicileStateCd
Activity Or MissionTHE INSTITUTE IS DULY REGISTERED AS A NON-PROFIT CORPORATION IN THE COMMONWEALTH OF PENNSYLVANIA AND LEGALLY AUTHORIZED BY THE PENNSYLVANIA DEPARTMENT OF EDUCATION TO OFFER GRADUATE EDUCATION PROGRAMS LEADING TO MASTER OF WON BUDDHIST STUDIES, DOCTOR OF ACUPUNCTURE, MASTER OF ACUPUNCTURE STUDIES, CERTIFICATE IN CHINESE HERBAL MEDICINE, AND CERTIFICATE OF WON BUDDHIST STUDIES.ActivityOrMissionDesc
Voting Members Governing Body17VotingMembersGoverningBodyCnt
Voting Members Independent17VotingMembersIndependentCnt
Total Employee80TotalEmployeeCnt
Total Volunteers30TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$3,775,208PYContributionsGrantsAmt
CY Contributions Grants$271,855CYContributionsGrantsAmt
PY Program Service Revenue$1,808,003PYProgramServiceRevenueAmt
CY Program Service Revenue$2,036,377CYProgramServiceRevenueAmt
PY Investment Income-$301,359PYInvestmentIncomeAmt
CY Investment Income$111,627CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$5,281,852PYTotalRevenueAmt
CY Total Revenue$2,419,859CYTotalRevenueAmt
PY Grants And Similar Paid$31,111PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$63,638CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,514,001PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,590,918CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$69,612CYTotalFundraisingExpenseAmt
PY Other Expenses$974,540PYOtherExpensesAmt
CY Other Expenses$895,253CYOtherExpensesAmt
PY Total Expenses$2,519,652PYTotalExpensesAmt
CY Total Expenses$2,549,809CYTotalExpensesAmt
PY Revenues Less Expenses$2,762,200PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$129,950CYRevenuesLessExpensesAmt
Total Assets BOY$6,894,585TotalAssetsBOYAmt
Total Assets EOY$6,688,704TotalAssetsEOYAmt
Total Liabilities BOY$896,927TotalLiabilitiesBOYAmt
Total Liabilities EOY$715,225TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$5,997,658NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$5,973,479NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE MISSION OF THE WON INSTITUTE OF GRADUATE STUDIES IS TO PROVIDE QUALITY GRADUATE-LEVEL PROFESSIONAL EDUCATION AND TRAINING THE PRACTICAL APPLICATIONS OF SPIRITUALITY AND THE HEALING ARTS FOR THE WELL-BEING OF INDIVIDUALS AND SOCIETY. THE PROGRAMS OFFERED ARE GRADUATE EDUCATION PROGRAMS LEADING TO MASTER OF WON BUDDHIST STUDIES, DOCTOR OF ACUPUNCTURE, MASTERS OF ACUPUNCTURE STUDIES, CERTIFICATE IN CHINESE HERBAL MEDICINE, AND CERTIFICATE OF WON BUDDHIST STUDIES.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$1,527,229ExpenseAmt
Grant$63,638GrantAmt
Revenue$2,036,377RevenueAmt
DescTHE WON INSTITUTE IS A SPECIALIZED GRADUATE SCHOOL FOCUSING ON THE PROFESSIONAL AND PERSONAL DEVELOPMENT OF ITS STUDENTS. IT OFFERS GRADUATE PROGRAMS IN WON BUDDHIST STUDIES, DOCTOR OF ACUPUNCTURE, ACUPUNCTURE STUDIES, CERTIFICATE PROGRAM IN CHINESE HERBAL MEDICINE, AND CERTIFICATE OF WON BUDDHIST STUDIES. IT OFFERS CONTINUING EDUCATION STUDIES AND PROVIDES HEALTH AND MEDITATION SERVICES TO THE COMMUNITY THROUGH ACUPUNCTURE CLINICS, SUCH AS IT'S VETERANS CLINIC AND ON-SITE MEDITATION. IT IS REGIONALLY ACCREDITED THROUGH MIDDLE STATES COMMISSION ON HIGHER EDUCATION AND PROGRAMMATICALLY ACCREDITED THROUGH THE ACCREDITATION COMMISSION FOR ACUPUNCTURE AND ORIENTAL MEDICINE.Desc
Total Program Service Expenses$1,527,229TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document16IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld CompliancefalseBackupWthldComplianceInd
Employee80EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members17GoverningBodyVotingMembersCnt
Independent Voting Member17IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldPAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonSEULKY KANGPersonNm
Phone2158848942PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1137 S EASTON ROADAddressLine1Txt
CityGLENSIDECityNm
State AbbreviationPAStateAbbreviationCd
ZIP19038ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
BOKIN KIM PHD
PRESIDENT40.00Yes (X)$23,281$0$0
BOK HYAE KOH BA
TRUSTEE1.00$0$0$0Yes (X)
REV BOKHEE KIM
TRUSTEE1.00$0$0$0Yes (X)
MYUNGKI CHA PHD LD
TRUSTEE1.00$0$0$0Yes (X)
REV SUNGHA LEE
TRUSTEE1.00$0$0$0Yes (X)
CAROL GISSELQUIST MD MA
TRUSTEE1.00$0$0$0Yes (X)
HYESEON KIM MA
TRUSTEE1.00$0$0$0Yes (X)
SOOK JA CHOI MD
BOARD CHAIR1.00Yes (X)$0$0$0Yes (X)
SUE YIE MD
TRUSTEE1.00$0$0$0Yes (X)
KALPANA PATANKAR MD MAC DIOL OM
TRUSTEE1.00$0$0$0Yes (X)
LINDA SILVA OM
TRUSTEE1.00$0$0$0Yes (X)
BARRY BELL PHD
TRUSTEE1.00$0$0$0Yes (X)
CHOL K SYN PHD
TRUSTEE1.00$0$0$0Yes (X)
HEEJIN KIM PHD
BOARD SECRET1.00Yes (X)$0$0$0Yes (X)
WONSUN OH PHD
TRUSTEE1.00$0$0$0Yes (X)
BENJAMIN BELL MHRM PHR
BOARD GOV. &1.00$0$0$0Yes (X)
REV YOUNG SUN SEOUNG
TRUSTEE1.00$0$0$0Yes (X)
REV YOON SUNG YANG
TRUSTEE1.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$23,281TotalReportableCompFromOrgAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$271,855AllOtherContributionsAmt
Total Contributions$271,855TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION AND FEES611600$1,850,498$1,850,498
CLINIC TREATMENT611600$173,884$173,884
OTHER EDUCATIONAL SERVICES611600$11,995$11,995
FieldValueIRS element (for citing)
Total Program Service Revenue$2,036,377TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$111,627TotalRevenueColumnAmt
Exclusion$111,627ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,419,859TotalRevenueColumnAmt
Related Or Exempt Func Income$2,036,377RelatedOrExemptFuncIncomeAmt
Exclusion$111,627ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$63,638TotalAmt
Program Services$63,638ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,372,339TotalAmt
Program Services$869,562ProgramServicesAmt
Management And General$455,829ManagementAndGeneralAmt
Fundraising$46,948FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$95,111TotalAmt
Program Services$65,774ProgramServicesAmt
Management And General$26,597ManagementAndGeneralAmt
Fundraising$2,740FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$123,468TotalAmt
Program Services$90,306ProgramServicesAmt
Management And General$29,635ManagementAndGeneralAmt
Fundraising$3,527FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$19,585TotalAmt
Management And General$19,585ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$230,970TotalAmt
Program Services$52,490ProgramServicesAmt
Management And General$176,511ManagementAndGeneralAmt
Fundraising$1,969FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$9,490TotalAmt
Program Services$7,834ProgramServicesAmt
Management And General$1,656ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$3,014TotalAmt
Management And General$3,014ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$67,086TotalAmt
Management And General$67,086ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$144,829TotalAmt
Program Services$111,518ProgramServicesAmt
Management And General$28,966ManagementAndGeneralAmt
Fundraising$4,345FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$20,387TotalAmt
Program Services$19,777ProgramServicesAmt
Management And General$610ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$3,672TotalAmt
Program Services$1,116ProgramServicesAmt
Management And General$2,556ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$28,449TotalAmt
Management And General$28,449ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$17,924TotalAmt
Program Services$13,801ProgramServicesAmt
Management And General$3,585ManagementAndGeneralAmt
Fundraising$538FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$37,048TotalAmt
Program Services$30,915ProgramServicesAmt
Management And General$5,333ManagementAndGeneralAmt
Fundraising$800FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
SUPPLIES$91,272$69,800$14,688$6,784
MARKETING$69,768$13,038$56,730
UTILITIES$37,633$28,977$7,527$1,129
DUES AND SUBSCRIPTIONS$35,387$32,658$2,729

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$78,739TotalAmt
Program Services$56,025ProgramServicesAmt
Management And General$21,882ManagementAndGeneralAmt
Fundraising$832FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,549,809TotalAmt
Program Services$1,527,229ProgramServicesAmt
Management And General$952,968ManagementAndGeneralAmt
Fundraising$69,612FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$296,304BOYAmt
EOY$124,825EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$67,961BOYAmt
EOY$7,956EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,143,758BOYAmt
EOY$3,060,572EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$87,769BOYAmt
EOY$33,247EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$20,196BOYAmt
EOY$26,243EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$386,099LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$202,086LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$70,360BOYAmt
EOY$184,013EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$3,204,374BOYAmt
EOY$3,247,892EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$3,863BOYAmt
EOY$3,956EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$6,894,585BOYAmt
EOY$6,688,704EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$170,228BOYAmt
EOY$174,880EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$22,597BOYAmt
EOY$43,360EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$704,102BOYAmt
EOY$496,985EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$896,927BOYAmt
EOY$715,225EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$214,463BOYAmt
EOY-$294,780EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$6,212,121BOYAmt
EOY$6,268,259EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,997,658BOYAmt
EOY$5,973,479EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$6,894,585BOYAmt
EOY$6,688,704EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$129,950ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$105,771NetUnrlzdGainsLossesInvstAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,408,382BeginningYearBalanceAmt
Contributions$25,000ContributionsAmt
Investment Earnings Or Losses$175,441InvestmentEarningsOrLossesAmt
Grants Or Scholarships$27,869GrantsOrScholarshipsAmt
Other Expenditures$53,143OtherExpendituresAmt
Administrative Expenses$20,220AdministrativeExpensesAmt
End Year Balance$2,507,591EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,930,048BeginningYearBalanceAmt
Investment Earnings Or Losses-$420,169InvestmentEarningsOrLossesAmt
Grants Or Scholarships$28,169GrantsOrScholarshipsAmt
Other Expenditures$51,843OtherExpendituresAmt
Administrative Expenses$21,485AdministrativeExpensesAmt
End Year Balance$2,408,382EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,597,352BeginningYearBalanceAmt
Contributions$176,510ContributionsAmt
Investment Earnings Or Losses$437,222InvestmentEarningsOrLossesAmt
Grants Or Scholarships$72,691GrantsOrScholarshipsAmt
Other Expenditures$144,755OtherExpendituresAmt
Administrative Expenses$63,950AdministrativeExpensesAmt
End Year Balance$2,930,048EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,760,512BeginningYearBalanceAmt
Investment Earnings Or Losses$115,094InvestmentEarningsOrLossesAmt
Grants Or Scholarships$67,583GrantsOrScholarshipsAmt
Other Expenditures$144,994OtherExpendituresAmt
Administrative Expenses$65,677AdministrativeExpensesAmt
End Year Balance$2,597,352EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,705,095BeginningYearBalanceAmt
Contributions$10,000ContributionsAmt
Investment Earnings Or Losses$139,441InvestmentEarningsOrLossesAmt
Grants Or Scholarships$21,580GrantsOrScholarshipsAmt
Other Expenditures$49,962OtherExpendituresAmt
Administrative Expenses$22,482AdministrativeExpensesAmt
End Year Balance$2,760,512EndYearBalanceAmt
FieldValueIRS element (for citing)
Prmnnt Endowment Balance EOY1.00000PrmnntEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$157,275OtherCostOrOtherBasisAmt
Depreciation$5,579DepreciationAmt
Book Value$151,696BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$193,617OtherCostOrOtherBasisAmt
Depreciation$166,252DepreciationAmt
Book Value$27,365BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$35,207OtherCostOrOtherBasisAmt
Depreciation$30,255DepreciationAmt
Book Value$4,952BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$184,013TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,700,144TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$105,771NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$257,737DonatedServicesAndUseFcltsAmt
Other Revenue-$63,638OtherRevenueAmt
Revenue Not Reported$299,870RevenueNotReportedAmt
Revenue Subtotal$2,400,274RevenueSubtotalAmt
Investment Expenses Not Incld$19,585InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$19,585RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,419,859TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,724,323TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$257,737DonatedServicesUseFcltsAmt
Expenses Not Reported$257,737ExpensesNotReportedAmt
Expenses Subtotal$2,466,586ExpensesSubtotalAmt
Investment Expenses Not Incld2$19,585InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$63,638OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$83,223ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,549,809TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE D, PAGE 3, PART XTHE INSTITUTE IS EXEMPT FROM INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSES, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE INSTITUTE HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE INSTITUTE HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
SCHEDULE D, PAGE 4, PART XI, LINE 2DSCHOLARSHIPS -63,638
SCHEDULE D, PAGE 4, PART XII, LINE 4BSCHOLARSHIPS 63,638

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdfalseGovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE E, LINE 3FormAndLineReferenceDesc
ExplanationOUR NONDISCRIMINATION POLICY IS POSTED IN THE MAIN HALL OF THE SCHOOL BUILDING. IN ADDITION, IT IS ALSO PRINTED IN THE STUDENT CATALOGUE AND ON THE BACK OF THE INTRODUCTORY BROCHURE. IT IS ALSO POSTED ON THE INSTITUTE'S WEBSITE.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (3 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDesc
INSTITUTIONAL AID45$45,416BOOKFINANCIAL AID
SUNG DUK SCHOLARSHIP7$14,980BOOKSCHOLARSHIP
OTHER SCHOLARSHIPS2$3,242BOOKSCHOLARSHIP

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE I, PAGE 1, PART I, LINE 2FormAndLineReferenceDesc
ExplanationSCHOLARSHIP APPROVAL AND DOCUMENTATION IS MAINTAINED IN THE FINANCIAL AID OFFICE.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSIONTHE MISSION OF THE WON INSTITUTE OF GRADUATE STUDIES IS TO PROVIDE QUALITY GRADUATE-LEVEL PROFESSIONAL EDUCATION AND TRAINING THE PRACTICAL APPLICATIONS OF SPIRITUALITY AND THE HEALING ARTS FOR THE WELL-BEING OF INDIVIDUALS AND SOCIETY. THE PROGRAMS OFFERED ARE GRADUATE EDUCATION PROGRAMS LEADING TO MASTER OF WON BUDDHIST STUDIES, DOCTOR OF ACUPUNCTURE, MASTERS OF ACUPUNCTURE STUDIES, CERTIFICATE IN CHINESE HERBAL MEDICINE, AND CERTIFICATE OF WON BUDDHIST STUDIES.
FORM 990, PAGE 6, PART VI, LINE 2BOKIN KIM, PHD BOK HAYE KOH, BA PRESIDENT TRUSTEE SISTERS
FORM 990, PAGE 6, PART VI, LINE 11BTHE BOARD OF TRUSTEES REVIEWS THE FORM 990 BEFORE FILING.
FORM 990, PAGE 6, PART VI, LINE 12CTHE MEMBERS OF THE BOARD OF TRUSTEES REVIEW THE CONFLICT OF INTEREST POLICY ANNUALLY. EACH MEMBER IS REQUIRED TO SIGN A FORM INDICATING IF THERE ARE ANY CONFLICTS.
FORM 990, PAGE 6, PART VI, LINE 15ATHE BOARD CONSIDERS SALARY SURVEYS OF OTHER COMPARABLE NON-PROFIT ENTITIES.
FORM 990, PAGE 6, PART VI, LINE 15BTHE BOARD CONSIDERS SALARY SURVEYS OF OTHER COMPARABLE NON-PROFIT ENTITIES.
FORM 990, PAGE 6, PART VI, LINE 19THE INSTITUTE WILL MAKE THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
FORM 990, PART XI, LINE 9SCHOLARSHIPS -63,638 SCHOLARSHIPS 63,638

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1WON EDIFICAION CENTER OF PA INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1430 LIMEKILN PIKEAddressLine1Txt
CityGLENSIDECityNm
State AbbreviationPAStateAbbreviationCd
ZIP19038ZIPCd
FieldValueIRS element (for citing)
EIN204086696EIN
Primary ActivitiesCHURCHPrimaryActivitiesTxt
Legal Domicile StatePALegalDomicileStateCd
Exempt Code Section501C3ExemptCodeSectionTxt
Public Charity Status1PublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1NABusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled OrganizationYes (true)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (true)LoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgYes (true)RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
WON EDIFICATION CENTER OF PA INC
K$3,060,572FMV OF FUTURE RENTS
WON EDIFICATION CENTER OF PA INC
E$301,685BOOK