2018-11-15T12:49:37-06:00 2017-12-31 202227407 CKP LLP 3435 WILSHIRE BL STE 240 LOS ANGELES CA 90010 990 2017-01-01 260385131 KAIST US FOUNDATION INC KAIS 2134809100 C/O CKP 3435 WILSHIRE BLVD NO 2240 LOS ANGELES CA 90010 JE WOO KIM SECRETARY 2134809100 2018-11-15 1 KIHO CHOI P00545677 2134809100 216.240.50.242 2018-11-15 10:31:57 PS P 3D1DBBA2150428ED86A40F5EAA52FF3A21BC581C BE9F2373D67F3E00876B789F656185D0E16568E4 2017 2019-02-21 02:37:17Z JE WOO KIM 3003 N 1ST ST SAN JOSE CA 95134 323129 0 X N/A X 2007 MA THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES, TO THE BENEFIT, TO PERFORM FUNCTIONS, OR TO CARRY OUT THE CHARITABLE PURPOSES OF THE KOREA ADVANCED INSTITUTE OF SCIENCE AND TECHNOLOGY (KAIST) AND ANY OTHER EDUCATIONAL INSTITUTION. 6 6 0 0 0 0 16035 323129 0 0 0 0 51874 0 67909 323129 15000 212500 0 0 0 0 0 0 0 109355 150563 124355 363063 -56446 -39934 1913093 2076590 10000 214000 1903093 1862590 X THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES, TO THE BENEFIT, TO PERFORM FUNCTIONS, OR TO CARRY OUT THE CHARITABLE PURPOSES OF THE KOREA ADVANCED INSTITUTE OF SCIENCE AND TECHNOLOGY (KAIST) AND ANY OTHER EUDUCATIONAL INSTITUTIONS. 0 0 12500 12500 THE FOUNDATION DONATED TO KAIST DEVELOPMENT FOUNDATION FOR THE PURPOSE OF THE KAIST, KEIO, TSINGHUA (KKT) WORKSHOP. 200000 200000 THE FOUNDATION DONATED TO KAIST DEVELOPMENT FOUNDATION FOR THE PURPOSE OF PROMOTING QUALCOMM INNOVATION AWARD FOR KAIST TO THE HOST UNIVERSITY. 86562 86562 299062 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 MA CA X KIHO CHOI 2134809100 3435 WILSHIRE BLVD STE 2240 LOS ANGELES CA 90010 X NEIL PAPPALARDO DIRECTOR 5.00 X X 0 0 0 SUNG MO KANG PRESIDENT 5.00 X X 0 0 0 STEVE KAHNG TREASURER 5.00 X 0 0 0 JEWOO KIM SECRETARY 5.00 X 0 0 0 PAPKEN DER TOROSSIAN DIRECTOR 5.00 X X 0 0 0 YOUNGSUK CHI DIRECTOR 5.00 X X 0 0 0 0 0 0 0 0 0 0 0 323129 323129 323129 0 0 0 212500 212500 3070 3070 12000 12000 50375 50375 8562 8562 LICENSES AND TAXES 45019 45019 FACILITY MANAGEMENT SER 27520 27520 PENALTY 3912 3912 BANK CHARGE 105 105 363063 299062 64001 0 84218 208030 1935000 156500 1828875 1778500 0 90060 1913093 2076590 10000 214000 10000 214000 X 1903093 1862590 1903093 1862590 1913093 2076590 -39934 -569 0 X X 1 X 0 1 0 X 110030 2105000 137000 16035 323129 2691194 51874 51874 110030 2105000 137000 67909 323129 2743068 2743068 1600 151 28 1779 2744847 0.99940 0.99460 X 1935000 156500 1778500 1778500 SCHEDULE D, PART XIII FIN 48 FOOTNOTE: ON JANUARY 1, 2009, THE FOUNDATION ADOPTED THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX PROVISIONS AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, WITH NO CUMULATIVE EFFECT ADJUSTMENT REQUIRED. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE FOUNDATION HAS ANALYZED THE TAX POSITIONS TAKEN IN ITS FILINGS WITH THE IRS AND STATE JURISDICTIONS WHERE IT OPERATES. THE FOUNDATION BELIEVES THAT ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE AFFECT ON THE FOUNDATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE FOUNDATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2017. 0 SOUTH KOREA THE FOUNDATION DONATED TO KAIST DEVELOPMENT FOUNDATION (KOREA) TO SUPPORT KKT WORKSHOP. TO SUPPORT HOST UNIVERSITY THAT HOLD KKT WORKSHOP. 12500 SOUTH KOREA THE FOUNDATION DONATED TO KAIST DEVELOPMENT FOUNDATION (KOREA) FOR SCHOLARSHIP SUPPORTS. TO SUPPORT SCHOLARSHIP AND AWARD FOR THE HOST UNIVERSITY. 200000 0 0 0 0 0 0 212500 0 212500 SOUTH KOREA BROADCOM CORPORATION DONATED TO KAIST DEVELOPMENT FOUNDATION (KOREA) FOR THE PURPOSE OF THE KAIST, KEIO, TSINGHUA (KKT) WORKSHOP. 12500 WIRE THROUGH FINANCIAL INSTITUTION(BANK) SOUTH KOREA QUALCOMM CORPORATION DONATED TO KAIST DEVELOPMENT FOUNDATION (KOREA) FOR THE PURPOSE OF PROVIDING QUALCOMM INNOVATION AWARD FOR KAIST TO THE HOST UNIVERSITY. 200000 WIRE THROUGH FINANCIAL INSTITUTION(BANK) 0 0 0 0 0 0 PART I, LINE 2: THE CHAIRMAN AND A BOARD MEMBER REVIEW AND FOLLOW UP ON THE GRANTS DISBURSED TO THE BENEFICIARIES TO ENSURE THAT RESTRICTED FUNDS WERE PROPERLY USED BY KAIST DEVELOPMENT FOUNDATION (KOREA) AS WELL AS KAIST INTERNATIONAL ALUMNI ASSOCIATION. X 160 90629 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURN IS PRESENTED TO GOVERNING BODY OF THE ORGANIZATION BEFORE FILING FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS/CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. THE GOVERNING BOARD REQUIRES ALL BOARD MEMBERS TO FILE AN ANNUAL STATEMENT OF COMPLIANCE WITH THE ORGAIZATION'S POLICIES. ADDITIONALY, THE ORGANIZATION MONITORS THE STATUS OF BOARD OF DIRECTOR MEMBERS FOR ANY CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAINTAINS BOARD OF DIRECTORS MEETING MUNUTES AS WELL THE SIGNATURE OF ALL BOARD MEMBERS. THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT OVERSEES FINANCIAL STATEMENTS REVIEW. THERE WERE NO CHANGES IN THE COMMITTEE IN FISCAL YEAR 2017.