BETA

KAHNG FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
KAHNG FOUNDATION (EIN 74-2883492)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-15
IRS object ID
202511359349101436
Schema version
2024v5.1
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)
Return2025-05-15T08:34:43-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN350921680PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CROWE LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1575 MARKET STREET SUITE 3300AddressLine1Txt
CitySAN FRANCISCOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP941055829ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN742883492EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KAHNG FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlKAHNBusinessNameControlTxt
Phone2122423625PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1301 WEST AVENUE 2206AddressLine1Txt
CityAUSTINCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78701ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPETER KAHNGPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2122423625PhoneNum
Signature2025-05-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDIANE KIRMACIPreparerPersonNm
PTINP01578407PTIN
Phone4155761100PhoneNum
Preparation2025-05-14PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$52,246,313FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$1,385InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1,385InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$202,226DividendsRevAndExpnssAmt
Dividends Net Invst Incm$202,226DividendsNetInvstIncmAmt
Gross Rents Rev And Expnss$210,281GrossRentsRevAndExpnssAmt
Gross Rents Net Invst Incm$210,281GrossRentsNetInvstIncmAmt
Net Rental Income Or Loss$167,208NetRentalIncomeOrLossAmt
Net Gain Sale Ast Rev And Expnss$2,176,610NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$2,188,760GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$2,176,610CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$2,590,502TotalRevAndExpnssAmt
Total Net Invst Incm$2,590,502TotalNetInvstIncmAmt
Total Adj Net Incm$0TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Adj Net Incm$0CompOfcrDirTrstAdjNetIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss$10,742AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$5,371AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$0AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$5,371AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$1,100OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$1,100OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm$0OtherProfFeesAdjNetIncmAmt
Other Prof Fees Dsbrs Chrtbl$0OtherProfFeesDsbrsChrtblAmt
Interest Rev And Expnss$336InterestRevAndExpnssAmt
Interest Net Invst Incm$336InterestNetInvstIncmAmt
Interest Adj Net Incm$0InterestAdjNetIncmAmt
Interest Dsbrs Chrtbl$0InterestDsbrsChrtblAmt
Taxes Rev And Expnss$114,993TaxesRevAndExpnssAmt
Taxes Net Invst Incm$76,667TaxesNetInvstIncmAmt
Taxes Adj Net Incm$0TaxesAdjNetIncmAmt
Taxes Dsbrs Chrtbl$0TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$136,712DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm$106,823DeprecAndDpltnNetInvstIncmAmt
Deprec And Dpltn Adj Net Incm$0DeprecAndDpltnAdjNetIncmAmt
Occupancy Rev And Expnss$3,347OccupancyRevAndExpnssAmt
Occupancy Net Invst Incm$0OccupancyNetInvstIncmAmt
Occupancy Adj Net Incm$0OccupancyAdjNetIncmAmt
Occupancy Dsbrs Chrtbl$0OccupancyDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss$384TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm$0TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Adj Net Incm$0TravConfMeetingAdjNetIncmAmt
Trav Conf Meeting Dsbrs Chrtbl$384TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$57,493OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$45,374OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$0OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl$0OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$325,107TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$235,671TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$5,755TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,837,005ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,837,005ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$2,162,112TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$235,671TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$1,842,760TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$428,390ExcessRevenueOverExpensesAmt
Net Investment Income$2,354,831NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$270,385CashBOYAmt
Cash EOY$221,064CashEOYAmt
Cash EOYFMV$221,064CashEOYFMVAmt
Prepaid Expenses BOY$13,873PrepaidExpensesBOYAmt
Prepaid Expenses EOY$4,226PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV$4,226PrepaidExpensesEOYFMVAmt
Corporate Stock BOY$813,034CorporateStockBOYAmt
Corporate Stock EOY$1,423,245CorporateStockEOYAmt
Corporate Stock EOYFMV$48,185,031CorporateStockEOYFMVAmt
Invst Land Cost Or Other Basis$3,648,122InvstLandCostOrOtherBasisAmt
Invst Land Accum Depreciation$1,108,885InvstLandAccumDepreciationAmt
Land Bldg Investments BOY$2,646,059LandBldgInvestmentsBOYAmt
Land Bldg Investments EOY$2,539,237LandBldgInvestmentsEOYAmt
Land Bldg Investments EOYFMV$2,539,237LandBldgInvestmentsEOYFMVAmt
Other Investments BOY$233,999OtherInvestmentsBOYAmt
Other Investments EOY$233,999OtherInvestmentsEOYAmt
Other Investments EOYFMV$233,999OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$1,217,046LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$154,290LandBldgEquipAccumDeprecAmt
Land BOY$1,092,645LandBOYAmt
Land EOY$1,062,756LandEOYAmt
Land EOYFMV$1,062,756LandEOYFMVAmt
Total Assets BOY$5,069,995TotalAssetsBOYAmt
Total Assets EOY$5,484,527TotalAssetsEOYAmt
Total Assets EOYFMV$52,246,313TotalAssetsEOYFMVAmt
Accounts Payable BOY$32,028AccountsPayableBOYAmt
Accounts Payable EOY$18,294AccountsPayableEOYAmt
Total Liabilities BOY$32,028TotalLiabilitiesBOYAmt
Total Liabilities EOY$18,294TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$0CapitalStockBOYAmt
Capital Stock EOY$0CapitalStockEOYAmt
Additional Paid In Capital BOY$4,197,775AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$4,554,618AdditionalPaidInCapitalEOYAmt
Retained Earning BOY$840,192RetainedEarningBOYAmt
Retained Earning EOY$911,615RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$5,037,967TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$5,466,233TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$5,069,995TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$5,484,527TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$5,037,967TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$428,390ExcessRevenueOverExpensesAmt
Other Increases$0OtherIncreasesAmt
Subtotal$5,466,357SubtotalAmt
Other Decreases$124OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$5,466,233TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyLONG TERM PUBLICLY TRADED STOCKS CAPITAL GAINPropertyDesc
Gross Sales Price$2,188,760GrossSalesPriceAmt
Cost Or Other Basis$12,150CostOrOtherBasisAmt
Gain Or Loss$2,176,610GainOrLossAmt
Gains Minus Excess Or Losses$2,176,610GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$2,176,610CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$0NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$32,732InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$32,732SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$32,732TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$25,000EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$25,000TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$611EsPenaltyAmt
Tax Due$8,343TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateTXOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksPETER KAHNGIndividualWithBooksNm
Phone2122423625PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1301 WEST AVENUE UNIT 2206AddressLine1Txt
CityAUSTINCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78701ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn0PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
PETER KAHNG
301 WEST AVENUE 2206AUSTINTX78701PRESIDENT15.00$0$0$0
CHOONGJA KAHNG
301 WEST AVENUE 2206AUSTINTX78701VICE PRESIDENT10.00$0$0$0
STEPHEN KAHNG
301 WEST AVENUE 2206AUSTINTX78701VICE PRESIDENT5.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$41,651,054AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$43,642AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$3,434,629FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$45,129,325TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$45,129,325AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$676,940CashDeemedCharitableAmt
Net Vl Noncharitable Assets$44,452,385NetVlNoncharitableAssetsAmt
Minimum Investment Return$2,222,619MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$2,222,619MinimumInvestmentReturnAmt
Tax Based On Investment Income$32,732TaxBasedOnInvestmentIncomeAmt
Total Tax$32,732TotalTaxAmt
Distributable Before Adj$2,189,887DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$2,189,887DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$2,189,887DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,842,760ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$1,842,760QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$2,189,887DistributableAsAdjustedAmt
Undistributed Income PY$1,823,285UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$1,842,760QualifyingDistributionsAmt
Applied To Year1$1,823,285AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$19,475AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$0TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$2,170,412UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$0ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (24 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
ASIAN ART MUSEUM
200 LARKIN STSAN FRANCISCOCA94102NONEPCFOR CHARITABLE PURPOSE OF ORGANIZATION$100,000
AUSTRALIAN AMERICAN LEADERSHIP DIALOGUE FOUNDATION
45 WEST 36TH STREET 6TH FLOORNEW YORKNY10018NONEPCFOR CHARITABLE PURPOSE OF ORGANIZATION$50,000
AUSTIN SYMPHONY
1101 RED RIVER STAUSTINTX78701NONEPCFOR CHARITABLE PURPOSE OF ORGANIZATION$25,000
AUSTIN OPERA
3009 INDUSTRIAL TERRACEAUSTINTX78758NONEPCFOR CHARITABLE PURPOSE OF ORGANIZATION$10,000
BLANTON MUSEUM AT UT AUSTIN
200 E MARTIN LUTHER KING JR BLVDAUSTINTX78712NONEPCFOR CHARITABLE PURPOSE OF ORGANIZATION$25,000STOP D1303
COMMITTEE FOR HUMAN RIGHTS IN NORTH KOREA
1801 F STREET NW SUITE 305WASHINGTONDC20006NONEPCFOR CHARITABLE PURPOSE OF ORGANIZATION$50,000
COUNCIL OF KOREAN AMERICANS
1875 K STREET NW SUITE 400WASHINGTONDC20006NONEPCFOR CHARITABLE PURPOSE OF ORGANIZATION$1,500
COUNCIL ON FOREIGN RELATIONS
58 EAST 68TH STREETNEW YORKNY10065NONEPCFOR CHARITABLE PURPOSE OF ORGANIZATION$3,420
FOREIGN POLICY ASSOCIATION
551 FIFTH AVENUE SUITE 3000NEW YORKNY10176NONEPCFOR CHARITABLE PURPOSE OF ORGANIZATION$25,000
GOLD HOUSE FOUNDATION INC
340 S LEMON AVE 5118WALNUTCA91789NONEPCFOR CHARITABLE PURPOSE OF ORGANIZATION$125,000
GUGGENHEIM FOUNDATION
1071 FIFTH AVENUENEW YORKNY10128NONEPCFOR CHARITABLE PURPOSE OF ORGANIZATION$22,060
HARVARD UNIVERSITY
124 MT AUBURN STREETCAMBRIDGEMA02138NONEPCFOR CHARITABLE PURPOSE OF ORGANIZATION$200,000
METROPOLITAN OPERA
LINCOLN CENTERNEW YORKNY10023NONEPCFOR CHARITABLE PURPOSE OF ORGANIZATION$30,000
MUSEUM OF MODERN ART
11 WEST 53RD STREETNEW YORKNY10019NONEPCFOR CHARITABLE PURPOSE OF ORGANIZATION$7,000
NEW YORK PHILHARMONIC
10 LINCOLN CENTER PLAZANEW YORKNY100236970NONEPCFOR CHARITABLE PURPOSE OF ORGANIZATION$250,000
NEW YORK SENIOR MISSION
154 OLD WESTBURY RDOLD WESTBURYNY115681100NONEPCFOR CHARITABLE PURPOSE OF ORGANIZATION$1,000
PACIFIC COUNCIL ON INTERNATIONAL POLICY
725 S FIGUEROA ST SUITE 450LOS ANGELESCA90017NONEPCFOR CHARITABLE PURPOSE OF ORGANIZATION$525
SAN FRANCISCO OPERA
301 VAN NESS AVENUESAN FRANCISCOCA941024509NONEPCFOR CHARITABLE PURPOSE OF ORGANIZATION$250,000
THE SEJONG CULTURAL SOCIETY
606 FOREST ROADGLENVIEWIL60025NONEPCFOR CHARITABLE PURPOSE OF ORGANIZATION$2,000
ST PATRICK'S CATHEDRAL LANDMARK FOUNDATION INC
1011 FIRST AVE 14TH FLOORNEW YORKNY10022NONEPCFOR CHARITABLE PURPOSE OF ORGANIZATION$200,000
TATE AMERICAS FOUNDATION
520 WEST 27TH STREET 404NEW YORKNY10001NONEPCFOR CHARITABLE PURPOSE OF ORGANIZATION$55,000
UNIVERSITY OF MICHIGAN
3003 S STATE ST SUITE 8000ANN ARBORMI481091288NONEPCFOR CHARITABLE PURPOSE OF ORGANIZATION$350,000
UT AUSTIN - SCHOOL OF FINE ARTS
2301 TRINITY STREETAUSTINTX78712NONEPCFOR CHARITABLE PURPOSE OF ORGANIZATION$2,000
WHITNEY MUSEUM
99 GANSEVOORT STREETNEW YORKNY10014NONEPCFOR CHARITABLE PURPOSE OF ORGANIZATION$52,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,837,005TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,385ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$202,226ExclusionAmt

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

FieldValueIRS element (for citing)
Exclusion16ExclusionCd
Exclusion$167,208ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion05ExclusionCd
Exclusion$2,176,610ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$2,547,429ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$2,547,429TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$10,742Amt
Net Investment Income$5,371NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$5,371DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (5 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtLifeLifeRtCurrent Year ExpenseCurrentYearExpenseAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
BUILDING - WEST EDITH2013-04-16$491,467$218,365SL27.500000000000$17,872$17,872$0
BUILDING - 301 WEST AVE2019-10-18$1,067,188$141,380SL39.000000000000$27,364$0$0
IMPROVEMENTS - SHADES & LIGHT2019-10-18$31,282$15,410SL15.000000000000$2,525$0$0
IMPROVEMENTS - WEST EDITH2020-06-01$9,808$4,414SL10.000000000000$981$981$0
BUILDING - BAY ROAD CONDOS2015-07-01$2,419,184$886,106SL27.500000000000$87,970$87,970$0

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockSCHWAB BROKERAGE ACCOUNTStockNm
EOY Book Value$1,423,245EOYBookValueAmt
EOYFMV$48,185,031EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemMODO LABS INVESTMENT LLCCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$233,999BookValueAmt
EOYFMV$233,999EOYFMVAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (5 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmt
BUILDING - WEST EDITH$491,467$236,237$255,230
BUILDING - 301 WEST AVE$1,067,188$168,744$898,444
IMPROVEMENTS - SHADES & LIGHT$31,282$17,935$13,347
IMPROVEMENTS - WEST EDITH$9,808$5,395$4,413
BUILDING - BAY ROAD CONDOS$2,419,184$974,076$1,445,108

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescPRIOR PERIOD ADJUSTMENTDesc
Amt$124Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
RENTAL EXPENSES$54,210$43,073$0$0
OTHER EXPENSES$982$0$0$0
INSURANCE EXPENSES$2,301$2,301$0$0

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryOTHER PRFOESSIONAL FEESCategoryTxt
Amt$1,100Amt
Net Investment Income$1,100NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
PROPERTY TAXES$107,167$69,180$0$0
ESTIMATED TAX PAYMENTS$339$0$0$0
FEDERAL TAXES$7,487$7,487$0$0

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