FURP.ORG / PUBLIC DATA EXPLORER

WON INSTITUTE OF GRADUATE STUDIES: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
WON INSTITUTE OF GRADUATE STUDIES (EIN 23-3102135)
Tax period
2019-07-01 to 2020-06-30
Filed
2020-12-14
IRS object ID
202023499349300322
Schema version
2019v5.0
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)
Return2020-12-14T11:07:46-06:00ReturnTs
Tax Period End2020-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN471352305PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1O'CONNELL & COMPANY LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1165 TOWNSHIP LINE RD STE 1100AddressLine1Txt
CityJENKINTOWNCityNm
State AbbreviationPAStateAbbreviationCd
ZIP19046ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-07-01TaxPeriodBeginDt

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 Line1137 S EASTON ROADAddressLine1Txt
CityGLENSIDECityNm
State AbbreviationPAStateAbbreviationCd
ZIP19038ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBOK HYAE KOH BAPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone2158848942PhoneNum
Signature2020-12-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROBERT J MCNAMEEPreparerPersonNm
PTINP01428150PTIN
Phone2158874425PhoneNum
Preparation2020-12-14PreparationDt
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerBOKIN KIM PHDPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1137 S EASTON RDAddressLine1Txt
CityGLENSIDECityNm
State AbbreviationPAStateAbbreviationCd
ZIP19038ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,731,916GrossReceiptsAmt
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 STUDIES, MASTER OF ACUPUNCTURE STUDIES, AND A CERTIFICATE IN CHINESE HERBAL MEDICINE.ActivityOrMissionDesc
Voting Members Governing Body18VotingMembersGoverningBodyCnt
Voting Members Independent18VotingMembersIndependentCnt
Total Employee71TotalEmployeeCnt
Total Volunteers28TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$450,079PYContributionsGrantsAmt
CY Contributions Grants$136,005CYContributionsGrantsAmt
PY Program Service Revenue$1,248,349PYProgramServiceRevenueAmt
CY Program Service Revenue$1,495,073CYProgramServiceRevenueAmt
PY Investment Income$119,052PYInvestmentIncomeAmt
CY Investment Income$93,742CYInvestmentIncomeAmt
PY Other Revenue$11,276PYOtherRevenueAmt
CY Other Revenue$7,096CYOtherRevenueAmt
PY Total Revenue$1,828,756PYTotalRevenueAmt
CY Total Revenue$1,731,916CYTotalRevenueAmt
PY Grants And Similar Paid$58,317PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$68,421CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,301,455PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,371,108CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$92,356CYTotalFundraisingExpenseAmt
PY Other Expenses$697,348PYOtherExpensesAmt
CY Other Expenses$607,993CYOtherExpensesAmt
PY Total Expenses$2,057,120PYTotalExpensesAmt
CY Total Expenses$2,047,522CYTotalExpensesAmt
PY Revenues Less Expenses-$228,364PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$315,606CYRevenuesLessExpensesAmt
Total Assets BOY$3,745,065TotalAssetsBOYAmt
Total Assets EOY$3,766,804TotalAssetsEOYAmt
Total Liabilities BOY$595,717TotalLiabilitiesBOYAmt
Total Liabilities EOY$929,873TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,149,348NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,836,931NetAssetsOrFundBalancesEOYAmt
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 STUDIES, MASTERS OF ACUPUNCTURE STUDIES, AND A CERTIFICATE IN CHINESE HERBAL MEDICINE.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$1,151,493ExpenseAmt
Grant$68,421GrantAmt
Revenue$1,495,073RevenueAmt
DescTHE WON INSTITUTE IS A SPECIALIZED GRADUATE SCHOOL FOCUSING ON THE PROFESSIONAL AND PERSONAL DEVELOPMENT OF ITS STUDENTS. IT OFFERS THREE MASTER DEGREES: WON BUDDHIST STUDIES, DOCTOR OF ACUPUNCTURE STUDIES, ACUPUNCTURE STUDIES, AND A CERTIFICATE PROGRAM IN CHINESE HERBAL MEDICINE. IT 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$1,151,493TotalProgramServiceExpensesAmt
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 Document10IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee71EmployeeCnt
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 Members18GoverningBodyVotingMembersCnt
Independent Voting Member18IndependentVotingMemberCnt
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 BodyYes (true)Form990ProvidedToGvrnBodyInd
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
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 RDAddressLine1Txt
CityGLENSIDECityNm
State AbbreviationPAStateAbbreviationCd
ZIP19038ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
BOKIN KIM PHD
PRESIDENT40.00Yes (X)$18,421$0$0
BOK HYAE KOH BA
TRUSTEE2.00$0$0$0Yes (X)
REV BOKHEE KIM
TRUSTEE1.00$0$0$0Yes (X)
MYUNGKI CHA PHD LD
TRUSTEE1.00$0$0$0Yes (X)
REV BYUNG SIK LEE
TRUSTEE1.00$0$0$0Yes (X)
CAROL GISSELQUIST MD MA
TRUSTEE1.00$0$0$0Yes (X)
HYESEON KIM MA
TRUSTEE2.00$0$0$0Yes (X)
SOOK JA CHOI MD
BOARD CHAIR6.00Yes (X)$0$0$0Yes (X)
SUE S YIE MD
TRUSTEE1.00$0$0$0Yes (X)
KALPANA PATANKAR MD MAC DIOL OM
TRUSTEE1.00$0$0$0Yes (X)
LINDA L SILVA OM
TRUSTEE1.00$0$0$0Yes (X)
BENJAMIN BELL MHRM PHR
TRUSTEE1.00$0$0$0Yes (X)
LON FREDRIC PALITZ
TRUSTEE1.00$0$0$0Yes (X)
BARRY BELL PHD
TRUSTEE2.00$0$0$0Yes (X)
CHOL K SYN PHD
TRUSTEE2.00$0$0$0Yes (X)
HEEJIN KIM PHD
BOARD SECRET2.00Yes (X)$0$0$0Yes (X)
JAESUNG SIM PHD
TRUSTEE1.00$0$0$0Yes (X)
REV YOUNGSON 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$18,421TotalReportableCompFromOrgAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$136,005AllOtherContributionsAmt
Total Contributions$136,005TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION AND FEES611600$1,412,120$1,412,120
CLINIC TREATMENT611600$82,953$82,953
FieldValueIRS element (for citing)
Total Program Service Revenue$1,495,073TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$93,742TotalRevenueColumnAmt
Exclusion$93,742ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Total Revenue Column$7,096TotalRevenueColumnAmt
Exclusion$7,096ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$7,096OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,731,916TotalRevenueColumnAmt
Related Or Exempt Func Income$1,495,073RelatedOrExemptFuncIncomeAmt
Exclusion$100,838ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$68,421TotalAmt
Program Services$68,421ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$18,421TotalAmt
Management And General$18,421ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,134,628TotalAmt
Program Services$737,274ProgramServicesAmt
Management And General$351,466ManagementAndGeneralAmt
Fundraising$45,888FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$121,758TotalAmt
Program Services$71,882ProgramServicesAmt
Management And General$45,765ManagementAndGeneralAmt
Fundraising$4,111FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$96,301TotalAmt
Program Services$62,341ProgramServicesAmt
Management And General$30,430ManagementAndGeneralAmt
Fundraising$3,530FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$7,400TotalAmt
Management And General$7,400ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$11,000TotalAmt
Management And General$11,000ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$17,935TotalAmt
Management And General$17,935ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$124,561TotalAmt
Program Services$6,840ProgramServicesAmt
Management And General$117,721ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$52,151TotalAmt
Program Services$15,609ProgramServicesAmt
Management And General$36,542ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$85,710TotalAmt
Program Services$32,368ProgramServicesAmt
Management And General$18,088ManagementAndGeneralAmt
Fundraising$35,254FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$67,766TotalAmt
Management And General$67,766ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$20,400TotalAmt
Program Services$15,708ProgramServicesAmt
Management And General$4,080ManagementAndGeneralAmt
Fundraising$612FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$6,807TotalAmt
Program Services$3,303ProgramServicesAmt
Management And General$3,504ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$2,073TotalAmt
Program Services$935ProgramServicesAmt
Management And General$1,138ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$18,622TotalAmt
Management And General$18,622ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$38,585TotalAmt
Program Services$29,710ProgramServicesAmt
Management And General$7,717ManagementAndGeneralAmt
Fundraising$1,158FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$30,247TotalAmt
Program Services$25,618ProgramServicesAmt
Management And General$4,025ManagementAndGeneralAmt
Fundraising$604FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
DUES AND SUBSCRIPTIONS$28,349$18,990$9,359
CONTRACTED SERVICES$23,560$12,916$10,141$503
FACULTY AND STAFF DEVELOP$15,934$13,542$2,392
SERVICE FEES$15,521$15,521

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$41,372TotalAmt
Program Services$36,036ProgramServicesAmt
Management And General$4,640ManagementAndGeneralAmt
Fundraising$696FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,047,522TotalAmt
Program Services$1,151,493ProgramServicesAmt
Management And General$803,673ManagementAndGeneralAmt
Fundraising$92,356FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$132,654BOYAmt
EOY$61,562EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$125,706BOYAmt
EOY$44,856EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$21,257BOYAmt
EOY$28,221EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$16,041BOYAmt
EOY$21,006EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$990,928LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$496,560LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$530,759BOYAmt
EOY$494,368EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$2,914,511BOYAmt
EOY$3,113,052EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$4,137BOYAmt
EOY$3,739EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,745,065BOYAmt
EOY$3,766,804EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$77,730BOYAmt
EOY$101,128EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$8,490BOYAmt
EOY$6,792EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$509,497BOYAmt
EOY$821,953EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$595,717BOYAmt
EOY$929,873EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$73,965BOYAmt
EOY-$91,100EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,075,383BOYAmt
EOY$2,928,031EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,149,348BOYAmt
EOY$2,836,931EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,745,065BOYAmt
EOY$3,766,804EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$315,606ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$3,189NetUnrlzdGainsLossesInvstAmt
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$2,760,512BeginningYearBalanceAmt
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 Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,707,333BeginningYearBalanceAmt
Contributions$1,000ContributionsAmt
Investment Earnings Or Losses$89,711InvestmentEarningsOrLossesAmt
Grants Or Scholarships$19,425GrantsOrScholarshipsAmt
Other Expenditures$51,397OtherExpendituresAmt
Administrative Expenses$22,127AdministrativeExpensesAmt
End Year Balance$2,705,095EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,577,228BeginningYearBalanceAmt
Contributions$50,000ContributionsAmt
Investment Earnings Or Losses$174,522InvestmentEarningsOrLossesAmt
Grants Or Scholarships$18,284GrantsOrScholarshipsAmt
Other Expenditures$53,409OtherExpendituresAmt
Administrative Expenses$22,724AdministrativeExpensesAmt
End Year Balance$2,707,333EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,645,462BeginningYearBalanceAmt
Contributions$50,000ContributionsAmt
Investment Earnings Or Losses$46,753InvestmentEarningsOrLossesAmt
Grants Or Scholarships$19,466GrantsOrScholarshipsAmt
Other Expenditures$133,948OtherExpendituresAmt
Administrative Expenses$11,573AdministrativeExpensesAmt
End Year Balance$2,577,228EndYearBalanceAmt
FieldValueIRS element (for citing)
Prmnnt Endowment Balance EOY1.00000PrmnntEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$60,000OtherCostOrOtherBasisAmt
Book Value$60,000BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$700,224OtherCostOrOtherBasisAmt
Depreciation$300,708DepreciationAmt
Book Value$399,516BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$230,704OtherCostOrOtherBasisAmt
Depreciation$195,852DepreciationAmt
Book Value$34,852BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$494,368TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,854,984TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$3,189NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$206,235DonatedServicesAndUseFcltsAmt
Other Revenue-$68,421OtherRevenueAmt
Revenue Not Reported$141,003RevenueNotReportedAmt
Revenue Subtotal$1,713,981RevenueSubtotalAmt
Investment Expenses Not Incld$17,935InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$17,935RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,731,916TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,167,401TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$206,235DonatedServicesUseFcltsAmt
Expenses Not Reported$206,235ExpensesNotReportedAmt
Expenses Subtotal$1,961,166ExpensesSubtotalAmt
Investment Expenses Not Incld2$17,935InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$68,421OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$86,356ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,047,522TotalExpensesPerForm990Amt

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 PURPOSE, 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 2DFINANCIAL AID/SCHOLARSHIPS -68,421
SCHEDULE D, PAGE 4, PART XII, LINE 4BFINANCIAL AID/SCHOLARSHIPS 68,421

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 ORGANIZATION'S WEBSITE.ExplanationTxt

Schedule I IRS990ScheduleI

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

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (4 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntNon Cash AssistanceNonCashAssistanceAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDesc
INSTITUTIONAL AID19$35,194BOOKFINANCIAL AID
SONG EUN SCHOLARSHIP5$15,000BOOKSCHOLARSHIP
SUNG DUK SCHOLARSHIP4$9,392BOOKSCHOLARSHIP
OTHER SCHOLARSHIPS15$8,835BOOKSCHOLARSHIP

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 (7 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 STUDIES, MASTERS OF ACUPUNCTURE STUDIES, AND A CERTIFICATE IN CHINESE HERBAL MEDICINE.
FORM 990, PAGE 6, PART VI, LINE 2BOK HYAE KOH BOKIN KIM TRUSTEE PRESIDENT 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 REVIEWS THE CONFLICT OF INTEREST POLICY ANNUALLY. EACH MEMBER IS REQUESTED 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.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationInd
WON BUDDHISM OF PHILADELPHIA INC
423 ABINGTON AVENUEGLENSIDEPA19038232443526TEMPLEPA501C31N/Afalse
WON EDIFICATION CENTER OF PA INC
430 LIMEKILN PIKEGLENSIDEPA19038204086696CHURCHPA501C31N/Afalse
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 BUDDHISM OF PHILADELPHIA INC
K$1BOOK
WON EDIFICATION CENTER OF PA INC
E$469,908BOOK