FIAT FOUNDATION INC: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
FIAT FOUNDATION INC (EIN 33-0768443)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-09-01
IRS object ID
201712449349300016
Schema version
2016v3.0
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)
Return2017-09-01T09:20:24-07:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN462181881PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CORE PRO ADVISORBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line16281 BEACH BLVD STE 305AddressLine1Txt
CityBUENA PARKCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90621ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN330768443EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FIAT FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFIATBusinessNameControlTxt
Phone7147029830PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13080 SAGE VIEW COURTAddressLine1Txt
CityFULLERTONCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92833ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonFR ALEX KIMPersonNm
Person TitleCHAIRMANPersonTitleTxt
Phone7145375670PhoneNum
Signature2017-08-31SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPETER KIMPreparerPersonNm
PTINP00041233PTIN
Phone7144518811PhoneNum
Preparation2017-09-01PreparationDt

Filing Security Information FilingSecurityInformation

FieldValueIRS element (for citing)
At Submission Creation Device IdCEBB1229812F535E642A25CAD459BCD6D0497C77AtSubmissionCreationDeviceId
At Submission Filing Device IdCB7A5FFD847D562198CDE13F36B0409FBBC99918AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerFR ALEX KIMPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13080 SAGE VIEW COURTAddressLine1Txt
CityFULLERTONCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92833ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$468,109GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressFIAT.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1997FormationYr
Legal Domicile StateCALegalDomicileStateCd
Activity Or MissionTO DEVELOP LEADERSHIP AND SPIRIT OF SERVICE IN YOUTH AND YOUNG ADULTSActivityOrMissionDesc
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
Total Employee2TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$111,883PYContributionsGrantsAmt
CY Contributions Grants$97,893CYContributionsGrantsAmt
PY Program Service Revenue$69,718PYProgramServiceRevenueAmt
CY Program Service Revenue$193,474CYProgramServiceRevenueAmt
PY Investment Income$36,076PYInvestmentIncomeAmt
CY Investment Income$42,627CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$217,677PYTotalRevenueAmt
CY Total Revenue$333,994CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$72,901PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$153,832CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$150,431PYOtherExpensesAmt
CY Other Expenses$193,569CYOtherExpensesAmt
PY Total Expenses$223,332PYTotalExpensesAmt
CY Total Expenses$347,401CYTotalExpensesAmt
PY Revenues Less Expenses-$5,655PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$13,407CYRevenuesLessExpensesAmt
Total Assets BOY$757,794TotalAssetsBOYAmt
Total Assets EOY$748,037TotalAssetsEOYAmt
Total Liabilities BOY$4,011TotalLiabilitiesBOYAmt
Total Liabilities EOY$4,004TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$753,783NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$744,033NetAssetsOrFundBalancesEOYAmt
MissionTO DEVELOP LEADERSHIP AND SPIRIT OF SERVICE IN YOUTH AND YOUNG ADULTSMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$169,671ExpenseAmt
Revenue$193,474RevenueAmt
DescTHE ORGANIZATION PROVIDED LEADERSHIP TRANINING AND NETWORKING, AND SCHOLARSHIPS AND MINISTRY OPPORTUNITIES.Desc
Total Program Service Expenses$169,671TotalProgramServiceExpensesAmt
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 EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
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 IndividualsfalseGrantsToIndividualsInd
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 EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredfalseScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee2EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Governing Body Voting Members3GoverningBodyVotingMembersCnt
Independent Voting Member3IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
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 BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonFIAT FOUNDATION INCPersonNm
Phone7147029830PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13080 SAGE VIEW COURTAddressLine1Txt
CityFULLERTONCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92833ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
FRANCES PARK
DIRECTOR2.00Yes (X)$80,000$0$0
FR ALEX KIM
CHAIRMAN2.00Yes (X)$0$0$0
DAVID CHO
DIRECTOR2.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$80,000TotalReportableCompFromOrgAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$97,893AllOtherContributionsAmt
Total Contributions$97,893TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescEVENTS & MINISTRIESDesc
Total Revenue Column$193,474TotalRevenueColumnAmt
Related Or Exempt Func Income$193,474RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$193,474TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$17,153TotalRevenueColumnAmt
Exclusion$17,153ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$157,577SecuritiesAmt
Other$2,012OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$134,115SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$23,462SecuritiesAmt
Other$2,012OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$25,474TotalRevenueColumnAmt
Related Or Exempt Func Income$25,474RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$333,994TotalRevenueColumnAmt
Related Or Exempt Func Income$218,948RelatedOrExemptFuncIncomeAmt
Exclusion$17,153ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$80,000TotalAmt
Management And General$80,000ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$50,000TotalAmt
Management And General$50,000ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$13,569TotalAmt
Management And General$13,569ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$10,263TotalAmt
Management And General$10,263ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$6,486TotalAmt
Management And General$6,486ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$17,412TotalAmt
Management And General$17,412ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$169,671TotalAmt
Program Services$169,671ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$347,401TotalAmt
Program Services$169,671ProgramServicesAmt
Management And General$177,730ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$116,499BOYAmt
EOY$67,033EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$641,295BOYAmt
EOY$681,004EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$757,794BOYAmt
EOY$748,037EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$4,011BOYAmt
EOY$4,004EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,011BOYAmt
EOY$4,004EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$753,783BOYAmt
EOY$744,033EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$753,783BOYAmt
EOY$744,033EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$757,794BOYAmt
EOY$748,037EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$13,407ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$3,657NetUnrlzdGainsLossesInvstAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$108,152CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$69,812CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$41,524CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$111,883CurrentTaxYearMinus1YearAmt
Current Tax Year$97,893CurrentTaxYearAmt
Total$429,264TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$108,152CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$69,812CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$41,524CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$111,883CurrentTaxYearMinus1YearAmt
Current Tax Year$97,893CurrentTaxYearAmt
Total$429,264TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$429,264PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$19,939CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$17,133CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$25,024CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$24,873CurrentTaxYearMinus1YearAmt
Current Tax Year$17,153CurrentTaxYearAmt
Total$104,122TotalAmt
FieldValueIRS element (for citing)
Total Support$533,386TotalSupportAmt
Gross Receipts Rltd Activities$193,474GrossReceiptsRltdActivitiesAmt
Public Support CY1700.80480PublicSupportCY170Pct
Public Support PY1700.89090PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

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 O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 11BNO REVIEW WAS OR WILL BE CONDUCTED.
FORM 990, PAGE 6, PART VI, LINE 19NO DOCUMENTS AVAILABLE TO THE PUBLIC

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