FIAT FOUNDATION INC: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
FIAT FOUNDATION INC (EIN 33-0768443)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-09-07
IRS object ID
201632519349300838
Schema version
2015v2.1
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)
Return2016-09-07T17:22:28-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN462181881PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PETER KIM & CO ACBusinessNameLine1Txt

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 Begin2015-01-01TaxPeriodBeginDt

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 Line11912 W COMMONWEALTH AVE CAddressLine1Txt
CityFULLERTONCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92833ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonFR ALEX KIMPersonNm
Person TitleCHAIRMANPersonTitleTxt
Phone7145375670PhoneNum
Signature2016-09-02SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPETER KIMPreparerPersonNm
PTINP00041233PTIN
Phone7144518811PhoneNum
Preparation2016-09-06PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-12-15 16:53:06ZBuildTS

Form 990 IRS990

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

US Address USAddress

FieldValueIRS element (for citing)
Address Line11912 W COMMONWEALTH AVE CAddressLine1Txt
CityFULLERTONCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92833ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$228,382GrossReceiptsAmt
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$56,524PYContributionsGrantsAmt
CY Contributions Grants$111,883CYContributionsGrantsAmt
PY Program Service Revenue$42,056PYProgramServiceRevenueAmt
CY Program Service Revenue$69,718CYProgramServiceRevenueAmt
PY Investment Income$27,338PYInvestmentIncomeAmt
CY Investment Income$36,076CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$125,918PYTotalRevenueAmt
CY Total Revenue$217,677CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$40,076PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$72,901CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$94,544PYOtherExpensesAmt
CY Other Expenses$150,431CYOtherExpensesAmt
PY Total Expenses$134,620PYTotalExpensesAmt
CY Total Expenses$223,332CYTotalExpensesAmt
PY Revenues Less Expenses-$8,702PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$5,655CYRevenuesLessExpensesAmt
Total Assets BOY$811,303TotalAssetsBOYAmt
Total Assets EOY$757,794TotalAssetsEOYAmt
Total Liabilities BOY$988TotalLiabilitiesBOYAmt
Total Liabilities EOY$4,011TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$810,315NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$753,783NetAssetsOrFundBalancesEOYAmt
MissionTO DEVELOP LEADERSHIP AND SPIRIT OF SERVICE IN YOUTH AND YOUNG ADULTSMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$127,837ExpenseAmt
Revenue$69,718RevenueAmt
DescTHE ORGANIZATION PROVIDED LEADERSHIP TRANINING AND NETWORKING, AND SCHOLARSHIPS AND MINISTRY OPPORTUNITIES.Desc
Total Program Service Expenses$127,837TotalProgramServiceExpensesAmt
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 Line11912 W COMMONWEALTH AVE CAddressLine1Txt
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)$43,046$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$43,046TotalReportableCompFromOrgAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$14,030GovernmentGrantsAmt
All Other Contributions$97,853AllOtherContributionsAmt
Total Contributions$111,883TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescEVENTS & MINISTRIESDesc
Total Revenue Column$69,718TotalRevenueColumnAmt
Related Or Exempt Func Income$69,718RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$69,718TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$24,873TotalRevenueColumnAmt
Exclusion$24,873ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$21,908SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$10,705SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$11,203SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$11,203TotalRevenueColumnAmt
Related Or Exempt Func Income$11,203RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$217,677TotalRevenueColumnAmt
Related Or Exempt Func Income$80,921RelatedOrExemptFuncIncomeAmt
Exclusion$24,873ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$43,046TotalAmt
Management And General$43,046ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$19,712TotalAmt
Management And General$19,712ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$4,944TotalAmt
Management And General$4,944ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$5,199TotalAmt
Management And General$5,199ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$6,590TotalAmt
Management And General$6,590ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$16,004TotalAmt
Management And General$16,004ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$127,837TotalAmt
Program Services$127,837ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$223,332TotalAmt
Program Services$127,837ProgramServicesAmt
Management And General$95,495ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$148,069BOYAmt
EOY$116,499EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$663,234BOYAmt
EOY$641,295EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$811,303BOYAmt
EOY$757,794EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$988BOYAmt
EOY$4,011EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$988BOYAmt
EOY$4,011EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$810,315BOYAmt
EOY$753,783EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$810,315BOYAmt
EOY$753,783EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$811,303BOYAmt
EOY$757,794EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$5,655ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$50,877NetUnrlzdGainsLossesInvstAmt
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$496,785CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$108,152CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$69,812CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$41,524CurrentTaxYearMinus1YearAmt
Current Tax Year$111,883CurrentTaxYearAmt
Total$828,156TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$496,785CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$108,152CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$69,812CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$41,524CurrentTaxYearMinus1YearAmt
Current Tax Year$111,883CurrentTaxYearAmt
Total$828,156TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$828,156PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$14,408CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$19,939CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$17,133CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$25,024CurrentTaxYearMinus1YearAmt
Current Tax Year$24,873CurrentTaxYearAmt
Total$101,377TotalAmt
FieldValueIRS element (for citing)
Total Support$929,533TotalSupportAmt
Gross Receipts Rltd Activities$69,718GrossReceiptsRltdActivitiesAmt
Public Support CY1700.89090PublicSupportCY170Pct
Public Support PY1700.90320PublicSupportPY170Pct
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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