UNITED KOREA FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: UNITED KOREA FOUNDATION (EIN 95-3090600)
Tax period: 2021-01-01 to 2021-12-31
Filed: 2022-03-28
IRS object ID: 202210879349100326
Schema version: 2021v4.0
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
Form 990-PF
Schedule B
Accounting Fees Schedule
Other Expenses Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-03-28T17:07:11-05:00	ReturnTs
Tax Period End	2021-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	208542462	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	MICHAEL S OH CPA & CO	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	6281 BEACH BLVD STE 101	AddressLine1Txt
City	BUENA PARK	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	906212293	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2021-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	953090600	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	UNITED KOREA FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	UNIT	BusinessNameControlTxt
Phone	7143193532	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	713 SALVESON RD	AddressLine1Txt
City	BREA	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	92821	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	HYUNG JOON KIM	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	7143193532	PhoneNum
Signature	2022-03-24	SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	HYUNG JOON	PersonFirstNm
Person Last	KIM	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	SEUNG Y OH	PreparerPersonNm
PTIN	P00495910	PTIN
Phone	7145221120	PhoneNum
Preparation	2022-03-25	PreparationDt

Field	Value	IRS element (for citing)
Tax	2021	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$201,695	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$50,000	ContriRcvdRevAndExpnssAmt
Total Rev And Expnss	$50,000	TotalRevAndExpnssAmt
Total Net Invst Incm	$0	TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss	$750	AccountingFeesRevAndExpnssAmt
Other Expenses Rev And Expnss	$4,108	OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$4,858	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$8,500	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$8,500	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$13,358	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$8,500	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$36,642	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$165,053	CashBOYAmt
Cash EOY	$201,695	CashEOYAmt
Cash EOYFMV	$201,695	CashEOYFMVAmt
Total Assets BOY	$165,053	TotalAssetsBOYAmt
Total Assets EOY	$201,695	TotalAssetsEOYAmt
Total Assets EOYFMV	$201,695	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Capital Stock BOY	$165,053	CapitalStockBOYAmt
Capital Stock EOY	$201,695	CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY	$165,053	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$201,695	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$165,053	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$201,695	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$165,053	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$36,642	ExcessRevenueOverExpensesAmt
Subtotal	$201,695	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$201,695	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	HYUNG JOON KIM	IndividualWithBooksNm
Phone	7143193532	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	713 SALVESON RD	AddressLine1Txt
City	BREA	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	92821	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
HYUNG JOON KIM
713 SALVESON RD	BREA	CA	92821	PRESIDENT	000.00	$0	$0	$0
LYDIA Y KIM
713 SALVESON RD	BREA	CA	92821	SECRETARY	000.00	$0	$0	$0
EDWARD Y KIM
713 SALVESON RD	BREA	CA	93821	TREASURER	000.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$201,695	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$201,695	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$201,695	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$605,085	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$605,085	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$9,076	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$596,009	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$29,800	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$29,800	MinimumInvestmentReturnAmt
Distributable Before Adj	$29,800	DistributableBeforeAdjAmt
Distributable Before Ded	$29,800	DistributableBeforeDedAmt
Distributable As Adjusted	$29,800	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$8,500	ExpensesAndContributionsAmt
Qualifying Distributions	$8,500	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$29,800	DistributableAsAdjustedAmt
Qualifying Distributions	$8,500	QualifyingDistributionsAmt
Applied To Current Year	$8,500	AppliedToCurrentYearAmt
Undistributed Income CY	$21,300	UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	NONE	ContributingManagerNm
Shareholder Manager	NONE	ShareholderManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	HYUNG JOON KIM	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	713 SALVESON ROAD	AddressLine1Txt
City	BREA	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	92801	ZIPCd

Field	Value	IRS element (for citing)
Recipient Phone	7143193532	RecipientPhoneNum
Recipient Email Address	LYDKIM@HOTMAIL.COM	RecipientEmailAddressTxt
Form And Info And Materials	REQUEST ARE ACCEPTED ANYTIME. NOTICE APPROVE, REJECTION OF REQUEST FOR ADDITIONAL INFORMATION USUALLY IN 2 MONTHS.	FormAndInfoAndMaterialsTxt
Submission Deadlines	SEE STATEMENT 2	SubmissionDeadlinesTxt
Restrictions On Awards	REFERENCE IS GIVEN TO COLLEGE OR HIGHER EDUCATION, CHARITABLE ORGANIZATION, CULTURE & RELIGIOUS ORGANIZATION ONCE A YEAR 7 TIME EXCEPT UNUSUAL SITUATIONS.	RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
JOHN KAHN - DARTMOUTH COLLEGE
1075 HINMAN	HANOVER	NH	03755	NONE	I	SCHOLARSHIP	$1,500
INGIE V HWANG - CA STATE POLYTECH
15552 COUNTRY CLUB DR	CHINO HILLS	CA	91709	NONE	I	SCHOLARSHIP	$1,000
DEBORA ROBBINS - UC DAVIS
2521 MORLEY WAY	SACRAMENTO	CA	95864	NONE	I	SCHOLARSHIP	$1,500
YU HUI KIM - CHAPMAN COLLEGE
20 PALMIER AISLE	IRVINE	CA	92606	NONE	I	SCHOLARSHIP	$1,500
HYE SONG LEE - JOHN HOPPKINS UNV
18719 HOLMS AVE	CERRITOS	CA	90703	NONE	I	SCHOLARSHIP	$1,000
OC YOUTH SYMPHONY
2082 BUSINESS CTR STE 100	IRVINE	CA	92612	NONE	EOF	MUSIC CONTRIBUTION	$1,000
KGAACC
8640 LOS COYOTES DR	BUENA PARK	CA	90621	NONE	EOF	MUSIC CONTRIBUTION	$1,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$8,500	TotalGrantOrContriPdDurYrAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Contributor Person	DAVID KIM	ContributorPersonNm

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	10 BRISTOL CT	AddressLine1Txt
City	ALPINE	CityNm
State Abbreviation	NJ	StateAbbreviationCd
ZIP	07620	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$50,000	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	INDIRECT ACCOUNTING FEES	CategoryTxt
Amt	$750	Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
OFFICE EXPENSES	$3,818
SUPPLIES	$182
SAFE BOX DEPOSIT RENTAL	$108

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