FURP.ORG / PUBLIC DATA EXPLORER

WON INSTITUTE OF GRADUATE STUDIES: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
WON INSTITUTE OF GRADUATE STUDIES (EIN 23-3102135)
Tax period
2017-07-01 to 2018-06-30
Filed
2019-01-10
IRS object ID
201920109349300147
Schema version
2017v2.3
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)
Return2019-01-10T14:00:35-06:00ReturnTs
Tax Period End2018-06-30TaxPeriodEndDt

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 Begin2017-07-01TaxPeriodBeginDt

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 KOHPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone2158848942PhoneNum
Signature2018-12-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROBERT J MCNAMEEPreparerPersonNm
PTINP01428150PTIN
Phone2158874425PhoneNum
Preparation2019-01-10PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address50.243.48.145IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-01-10IPDt
IP Tm14:00:35IPTm
IP TimezoneCSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdEB4F6CB96DCAF2C7A7DFADB53C6483495D9D4AAFAtSubmissionCreationDeviceId
At Submission Filing Device Id4ED11181241B865386630EE8E1361991CE9919A4AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerBOKIN KIMPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1137 S EASTON RDAddressLine1Txt
CityGLENSIDECityNm
State AbbreviationPAStateAbbreviationCd
ZIP19038ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,524,847GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.WONINSTITUTE.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2002FormationYr
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,MASTER OF APPLIED MEDITATION STUDIES, MASTER OF ACUPUNCTURE STUDIES, AND A CERTIFICATE IN CHINESE HERBAL MEDICINE.ActivityOrMissionDesc
Voting Members Governing Body18VotingMembersGoverningBodyCnt
Voting Members Independent18VotingMembersIndependentCnt
Total Employee76TotalEmployeeCnt
Total Volunteers28TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$256,199PYContributionsGrantsAmt
CY Contributions Grants$210,209CYContributionsGrantsAmt
PY Program Service Revenue$1,217,026PYProgramServiceRevenueAmt
CY Program Service Revenue$1,159,889CYProgramServiceRevenueAmt
PY Investment Income$112,903PYInvestmentIncomeAmt
CY Investment Income$139,388CYInvestmentIncomeAmt
PY Other Revenue$33,633PYOtherRevenueAmt
CY Other Revenue$15,361CYOtherRevenueAmt
PY Total Revenue$1,619,761PYTotalRevenueAmt
CY Total Revenue$1,524,847CYTotalRevenueAmt
PY Grants And Similar Paid$49,585PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$66,385CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,227,797PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,244,770CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$70,286CYTotalFundraisingExpenseAmt
PY Other Expenses$443,033PYOtherExpensesAmt
CY Other Expenses$535,146CYOtherExpensesAmt
PY Total Expenses$1,720,415PYTotalExpensesAmt
CY Total Expenses$1,846,301CYTotalExpensesAmt
PY Revenues Less Expenses-$100,654PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$321,454CYRevenuesLessExpensesAmt
Total Assets BOY$3,873,210TotalAssetsBOYAmt
Total Assets EOY$3,964,951TotalAssetsEOYAmt
Total Liabilities BOY$204,159TotalLiabilitiesBOYAmt
Total Liabilities EOY$635,456TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,669,051NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,329,495NetAssetsOrFundBalancesEOYAmt
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, MASTER OF APPLIED MEDITATION STUDIES, MASTERS OF ACUPUNCTURE STUDIES, AND A CERTIFICATE IN CHINESE HERBAL MEDICINE.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$1,125,264ExpenseAmt
Grant$66,385GrantAmt
Revenue$1,159,889RevenueAmt
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, APPLIED MEDITATION 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$1,125,264TotalProgramServiceExpensesAmt
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
Temp Or Permanent EndowmentsYes (true)TempOrPermanentEndowmentsInd
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 With Officer EntfalseBusinessRlnWithOfficerEntInd
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 Document7IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee76EmployeeCnt
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
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 WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
BOK HYAE KOH
TRUSTEE2.00Yes (X)$0$0$0
BARRY BELL
TRUSTEE1.00Yes (X)$0$0$0
BENJAMIN BELL
TRUSTEE1.00Yes (X)$0$0$0
SOOK JA CHOI
BOARD CHAIR3.00Yes (X)$0$0$0Yes (X)
BOKHEE KIM
TRUSTEE1.00Yes (X)$0$0$0
HEEJIN KIM
TRUSTEE1.00Yes (X)$0$0$0
HYESEON KIM
TRUSTEE2.00Yes (X)$0$0$0
SONG KEE KIM
TRUSTEE1.00Yes (X)$0$0$0
LYDIA T KOMARNICKY
TRUSTEE1.00Yes (X)$0$0$0
BYUNG SIK LEE
TRUSTEE1.00Yes (X)$0$0$0
LINDA DUNPHY LELII
SECRETARY1.00Yes (X)$0$0$0Yes (X)
LON FREDRIC PALITZ
TRUSREE1.00Yes (X)$0$0$0
YOUNGSON SEOUNG
TRUSTEE1.00Yes (X)$0$0$0
LINDA L SILVA
TRUSTEE1.00Yes (X)$0$0$0
JAESUNG SIM
TRUSTEE1.00Yes (X)$0$0$0
CHOL K SYN
TRUSTEE2.00Yes (X)$0$0$0
YOON SUNG YANG
TRUSTEE1.00Yes (X)$0$0$0
SUE S YIE
TRUSTEE1.00Yes (X)$0$0$0
BOKIN KIM
PRESIDENT40.00$17,928$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$17,928TotalReportableCompFromOrgAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$210,209AllOtherContributionsAmt
Total Contributions$210,209TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION AND FEES611600$1,046,315$1,046,315
CLINIC TREATMENT611600$113,574$113,574
FieldValueIRS element (for citing)
Total Program Service Revenue$1,159,889TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$139,388TotalRevenueColumnAmt
Exclusion$139,388ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Total Revenue Column$15,361TotalRevenueColumnAmt
Exclusion$15,361ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$15,361OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,524,847TotalRevenueColumnAmt
Related Or Exempt Func Income$1,159,889RelatedOrExemptFuncIncomeAmt
Exclusion$154,749ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$66,385TotalAmt
Program Services$66,385ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$17,928TotalAmt
Management And General$17,928ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,122,903TotalAmt
Program Services$729,459ProgramServicesAmt
Management And General$342,277ManagementAndGeneralAmt
Fundraising$51,167FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$10,701TotalAmt
Program Services$6,488ProgramServicesAmt
Management And General$4,213ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$93,238TotalAmt
Program Services$62,092ProgramServicesAmt
Management And General$31,146ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$4,285TotalAmt
Management And General$4,285ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$12,000TotalAmt
Management And General$12,000ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$18,446TotalAmt
Management And General$18,446ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$59,936TotalAmt
Management And General$59,936ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$111,138TotalAmt
Program Services$91,661ProgramServicesAmt
Management And General$431ManagementAndGeneralAmt
Fundraising$19,046FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$11,669TotalAmt
Program Services$40ProgramServicesAmt
Management And General$11,629ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$59,566TotalAmt
Management And General$59,566ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$54,369TotalAmt
Program Services$41,864ProgramServicesAmt
Management And General$12,505ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$8,789TotalAmt
Program Services$327ProgramServicesAmt
Management And General$8,462ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$1,839TotalAmt
Program Services$269ProgramServicesAmt
Management And General$1,570ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$5,478TotalAmt
Management And General$5,478ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$37,934TotalAmt
Program Services$29,209ProgramServicesAmt
Management And General$8,725ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$23,025TotalAmt
Program Services$23,025ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtProgram ServicesProgramServicesAmt
BOARD EXPENSE$20,183$20,183
CLINIC SUBCONTRACTORS$20,035$20,035
CLINIC SUPPLIES$18,256$18,256
MISCELLANEOUS$14,138$14,138

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$54,060TotalAmt
Program Services$22,016ProgramServicesAmt
Management And General$31,971ManagementAndGeneralAmt
Fundraising$73FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,846,301TotalAmt
Program Services$1,125,264ProgramServicesAmt
Management And General$650,751ManagementAndGeneralAmt
Fundraising$70,286FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$108,918BOYAmt
EOY$11,091EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$81,487BOYAmt
EOY$48,044EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$55,000BOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$5,649BOYAmt
EOY$22,943EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$14,112BOYAmt
EOY$26,079EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$957,513LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$418,877LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$554,395BOYAmt
EOY$538,636EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$3,051,243BOYAmt
EOY$3,314,282EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$2,406BOYAmt
EOY$3,876EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,873,210BOYAmt
EOY$3,964,951EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$80,041BOYAmt
EOY$85,904EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$21,280BOYAmt
EOY$12,896EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$62,838BOYAmt
EOY$536,656EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$40,000BOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$204,159BOYAmt
EOY$635,456EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$830,081BOYAmt
EOY$511,736EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$131,637BOYAmt
EOY$112,664EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,707,333BOYAmt
EOY$2,705,095EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,669,051BOYAmt
EOY$3,329,495EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,873,210BOYAmt
EOY$3,964,951EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$321,454ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$18,102NetUnrlzdGainsLossesInvstAmt
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

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

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 Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

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

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,731,950BeginningYearBalanceAmt
Investment Earnings Or Losses$6,355InvestmentEarningsOrLossesAmt
Grants Or Scholarships$12,068GrantsOrScholarshipsAmt
Other Expenditures$71,075OtherExpendituresAmt
Administrative Expenses$9,700AdministrativeExpensesAmt
End Year Balance$2,645,462EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,351,522BeginningYearBalanceAmt
Contributions$200,000ContributionsAmt
Investment Earnings Or Losses$217,785InvestmentEarningsOrLossesAmt
Grants Or Scholarships$8,967GrantsOrScholarshipsAmt
Other Expenditures$19,392OtherExpendituresAmt
Administrative Expenses$8,998AdministrativeExpensesAmt
End Year Balance$2,731,950EndYearBalanceAmt
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$679,107OtherCostOrOtherBasisAmt
Depreciation$255,200DepreciationAmt
Book Value$423,907BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$218,406OtherCostOrOtherBasisAmt
Depreciation$163,677DepreciationAmt
Book Value$54,729BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$538,636TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,635,529TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$18,102NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$213,615DonatedServicesAndUseFcltsAmt
Other Revenue-$66,385OtherRevenueAmt
Revenue Not Reported$129,128RevenueNotReportedAmt
Revenue Subtotal$1,506,401RevenueSubtotalAmt
Investment Expenses Not Incld$18,446InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$18,446RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,524,847TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,975,085TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$213,615DonatedServicesUseFcltsAmt
Expenses Not Reported$213,615ExpensesNotReportedAmt
Expenses Subtotal$1,761,470ExpensesSubtotalAmt
Investment Expenses Not Incld2$18,446InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$66,385OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$84,831ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,846,301TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE D, PAGE 3, PART XTHE INSTITUTE ADOPTED THE INCOME STANDARD RELATED TO THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE ADOPTION OF THIS STANDARD HAD NO FINANCIAL STATEMENT EFFECT FOR THE INSTITUTE. THE INSTITUTE IS NO LONGER SUBJECT TO FEDERAL AND STATE TAX EXAMINATIONS FOR THE YEARS PRIOR TO 2015.
SCHEDULE D, PAGE 4, PART XI, LINE 2DFINANCIAL AID/SCHOLARSHIPS -66,385
SCHEDULE D, PAGE 4, PART XII, LINE 4BFINANCIAL AID/SCHOLARSHIPS 66,385

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 TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
INSTITUTIONAL AID13$20,660
SHENNONG SCHOLARSHIP1$8,637
SONG EUN SCHOLARSHIP6$29,920
SUNG DUK SCHOLARSHIP3$7,168

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, MASTER OF APPLIED MEDITATION 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 OrganizationControlledOrganizationIndBusiness Name Line2DisregardedEntityName/BusinessNameLine2Txt
WON BUDDHISM OF PHILADELPHIA INC
423 ABINGTON AVENUEGLENSIDEPA19038232443526TEMPLEPA501C31N/Afalse
WON EDIFICATION CENTER OF
430 LIMEKILN PIKEGLENSIDEPA19038204086696CHURCHPA501C31N/AfalsePENNSYLVANIA INC
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 DeterminationMethodOfAmountDeterminationTxtBusiness Name Line2OtherOrganizationName/BusinessNameLine2Txt
WON BUDDHISM OF PHILADELPHIA INC
K$1BOOK
WON EDIFICATION CENTER OF
E$500,000BOOKPENNSYLVANIA INC