FURP.ORG / PUBLIC DATA EXPLORER

WON INSTITUTE OF GRADUATE STUDIES: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
WON INSTITUTE OF GRADUATE STUDIES (EIN 23-3102135)
Tax period
2015-07-01 to 2016-06-30
Filed
2016-12-14
IRS object ID
201643499349301059
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)
Return2016-12-14T11:54:23-08:00ReturnTs
Tax Period End2016-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1O'Connell & Company LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1Ste 1100 165 Township Line RoadAddressLine1Txt
CityJenkintownCityNm
State AbbreviationPAStateAbbreviationCd
ZIP19046ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-07-01TaxPeriodBeginDt

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)
PersonBOKHYAE KOHPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone2158848942PhoneNum
Signature2016-12-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROBERT J MCNAMEEPreparerPersonNm
Phone2158874425PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

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$1,863,119GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.WONINSTITUTE.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2002FormationYr
Legal Domicile StatePALegalDomicileStateCd
Activity Or MissionGRADUATE EDUCATION PROGRAMS LEADING TO MASTERS OF WON BUDDHIST STUDIES, MASTERS OF APPLIED MEDITATION STUDIES, MASTERS OF ACUPUNCTURE STUDIES, AND A CERTIFICATE IN CHINESE HERBAL MEDICINE.ActivityOrMissionDesc
Voting Members Governing Body20VotingMembersGoverningBodyCnt
Voting Members Independent20VotingMembersIndependentCnt
Total Employee76TotalEmployeeCnt
Total Volunteers28TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$193,651PYContributionsGrantsAmt
CY Contributions Grants$232,839CYContributionsGrantsAmt
PY Program Service Revenue$1,398,196PYProgramServiceRevenueAmt
CY Program Service Revenue$1,394,251CYProgramServiceRevenueAmt
PY Investment Income$114,957PYInvestmentIncomeAmt
CY Investment Income$214,616CYInvestmentIncomeAmt
PY Other Revenue$23,581PYOtherRevenueAmt
CY Other Revenue$21,413CYOtherRevenueAmt
PY Total Revenue$1,730,385PYTotalRevenueAmt
CY Total Revenue$1,863,119CYTotalRevenueAmt
PY Grants And Similar Paid$43,712PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$49,988CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,241,492PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,156,348CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$124,087CYTotalFundraisingExpenseAmt
PY Other Expenses$467,869PYOtherExpensesAmt
CY Other Expenses$446,148CYOtherExpensesAmt
PY Total Expenses$1,753,073PYTotalExpensesAmt
CY Total Expenses$1,652,484CYTotalExpensesAmt
PY Revenues Less Expenses-$22,688PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$210,635CYRevenuesLessExpensesAmt
Total Assets BOY$3,768,885TotalAssetsBOYAmt
Total Assets EOY$3,821,590TotalAssetsEOYAmt
Total Liabilities BOY$171,462TotalLiabilitiesBOYAmt
Total Liabilities EOY$158,941TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,597,423NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,662,649NetAssetsOrFundBalancesEOYAmt
MissionThe mission of Won Institute of Graduate Studies is to provide qualityMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$1,086,811ExpenseAmt
Grant$49,988GrantAmt
Revenue$1,394,251RevenueAmt
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, AND 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$1,086,811TotalProgramServiceExpensesAmt
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
Transaction With Control EntfalseTransactionWithControlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document9IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
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
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members20GoverningBodyVotingMembersCnt
Independent Voting Member20IndependentVotingMemberCnt
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 (21 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
BENJAMIN BELL MHRM PHR
TRUSTEE1.00Yes (X)$0$0$0
SOOK JA CHOI MD
BOARD CHAIR3.00Yes (X)$0$0$0Yes (X)
REV BOKHEE KIM
TRUSTEE1.00Yes (X)$0$0$0
HEEJIN KIM
TRUSTEE1.00Yes (X)$0$0$0
HYESEON KIM MA
TRUSTEE1.00Yes (X)$0$0$0
SONG KEE KIM MD
TRUSTEE1.00Yes (X)$0$0$0
STEPHANIE KINDT ESQ
TRUSTEE1.00Yes (X)$0$0$0
BOKHYAE KOH BA
TRUSTEE1.00Yes (X)$0$0$0
LYDIA T KOMARNICKY MD
Trustee1.00Yes (X)$0$0$0
REV BYUNG SIK LEE
TRUSTEE1.00Yes (X)$0$0$0
LINDA DUNPHY LELII PHD
BOARD SECRETARY1.00Yes (X)$0$0$0Yes (X)
LYNN MITCHELL PHD
TRUSTEE1.00Yes (X)$0$0$0
GERARD P O'SULLIVAN PHD
TRUSTEE1.00Yes (X)$0$0$0
LON FREDRIC PALITZ CPA
TRUSTEE1.00Yes (X)$0$0$0
VIRGINIA RATIGAN PHD
TRUSTEE1Yes (X)
REV YOUNGSUN SEOUNG
TRUSTEE1Yes (X)
LINDA SILVA LOM DIPLAC
TRUSTEE1Yes (X)
JAESUNG SIM PHD
TRUSTEE1Yes (X)
CHOL K SYN PHD
TRUSTEE1Yes (X)
YOON SUNG YANG
TRUSTEE1Yes (X)
DR BOKIN KIM
PRESIDENT40$17,875$5,801Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$17,875TotalReportableCompFromOrgAmt
Total Other Compensation$5,801TotalOtherCompensationAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$232,839AllOtherContributionsAmt
Total Contributions$232,839TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmt
TUITION611600$1,261,585
ACUPUNCTURE FEES611600$132,666
FieldValueIRS element (for citing)
Total Program Service Revenue$1,394,251TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$214,616TotalRevenueColumnAmt
Exclusion$214,616ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUSDesc
Business611710BusinessCd
Total Revenue Column$21,413TotalRevenueColumnAmt
Exclusion$21,413ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$21,413OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,863,119TotalRevenueColumnAmt
Related Or Exempt Func Income$1,394,251RelatedOrExemptFuncIncomeAmt
Exclusion$236,029ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$49,988TotalAmt
Program Services$49,988ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$17,875TotalAmt
Program Services$17,875ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,031,141TotalAmt
Program Services$735,484ProgramServicesAmt
Management And General$265,048ManagementAndGeneralAmt
Fundraising$30,609FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$18,616TotalAmt
Program Services$13,349ProgramServicesAmt
Management And General$5,267ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$88,716TotalAmt
Program Services$88,716ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$3,140TotalAmt
Program Services$0ProgramServicesAmt
Management And General$3,140ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$11,500TotalAmt
Program Services$0ProgramServicesAmt
Management And General$11,500ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$17,178TotalAmt
Program Services$0ProgramServicesAmt
Management And General$17,178ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$13,846TotalAmt
Program Services$0ProgramServicesAmt
Management And General$13,846ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$115,153TotalAmt
Program Services$3,795ProgramServicesAmt
Management And General$17,880ManagementAndGeneralAmt
Fundraising$93,478FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$9,803TotalAmt
Program Services$106ProgramServicesAmt
Management And General$9,697ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$29,824TotalAmt
Program Services$0ProgramServicesAmt
Management And General$29,824ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$44,919TotalAmt
Program Services$34,588ProgramServicesAmt
Management And General$10,331ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$3,179TotalAmt
Program Services$0ProgramServicesAmt
Management And General$3,179ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$1,962TotalAmt
Program Services$607ProgramServicesAmt
Management And General$1,355ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$5,921TotalAmt
Program Services$0ProgramServicesAmt
Management And General$5,921ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$31,140TotalAmt
Program Services$23,978ProgramServicesAmt
Management And General$7,162ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$34,830TotalAmt
Program Services$24,894ProgramServicesAmt
Management And General$9,936ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
FACULTY DEVELOPMENT$10,635$7,761$2,874$0
CLINIC SUPPLIES$28,013$28,013$0$0
CLINIC SUBCONTRACTORS$31,387$31,387$0$0
SPECIAL PROJECT$9,459$0$9,459$0

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$44,259TotalAmt
Program Services$26,270ProgramServicesAmt
Management And General$17,989ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,652,484TotalAmt
Program Services$1,086,811ProgramServicesAmt
Management And General$441,586ManagementAndGeneralAmt
Fundraising$124,087FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$229,105BOYAmt
EOY$320,369EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$9,341BOYAmt
EOY$8,399EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$17,511BOYAmt
EOY$17,258EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$917,313LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$358,872LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$557,133BOYAmt
EOY$558,441EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$2,953,390BOYAmt
EOY$2,915,702EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$2,405BOYAmt
EOY$1,421EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,768,885BOYAmt
EOY$3,821,590EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$69,923BOYAmt
EOY$75,716EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
EOY$5,980EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$101,539BOYAmt
EOY$77,245EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$171,462BOYAmt
EOY$158,941EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$845,988BOYAmt
EOY$946,264EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$105,973BOYAmt
EOY$139,157EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,645,462BOYAmt
EOY$2,577,228EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,597,423BOYAmt
EOY$3,662,649EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,768,885BOYAmt
EOY$3,821,590EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$210,635ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$145,409NetUnrlzdGainsLossesInvstAmt
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
Public Support Total170$0PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support CY1700PublicSupportCY170Pct
Public Support Total509$0PublicSupportTotal509Amt
Public Support CY5090PublicSupportCY509Pct
Investment Income CY0InvestmentIncomeCYPct

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$2,645,462BeginningYearBalanceAmt
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 Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

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

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,292,240BeginningYearBalanceAmt
Investment Earnings Or Losses$124,605InvestmentEarningsOrLossesAmt
Grants Or Scholarships$8,432GrantsOrScholarshipsAmt
Other Expenditures$45,849OtherExpendituresAmt
Administrative Expenses$11,042AdministrativeExpensesAmt
End Year Balance$2,351,522EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,278,422BeginningYearBalanceAmt
Investment Earnings Or Losses$111,045InvestmentEarningsOrLossesAmt
Grants Or Scholarships$15,732GrantsOrScholarshipsAmt
Other Expenditures$68,462OtherExpendituresAmt
Administrative Expenses$13,033AdministrativeExpensesAmt
End Year Balance$2,292,240EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.00000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY1.00000PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.00000TermEndowmentBalanceEOYPct
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$676,906OtherCostOrOtherBasisAmt
Depreciation$213,709DepreciationAmt
Book Value$463,197BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$150,889OtherCostOrOtherBasisAmt
Depreciation$132,463DepreciationAmt
Book Value$18,426BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$29,518OtherCostOrOtherBasisAmt
Depreciation$12,700DepreciationAmt
Book Value$16,818BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$558,441TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,894,960TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$145,409NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$244,416DonatedServicesAndUseFcltsAmt
Other Revenue-$49,988OtherRevenueAmt
Revenue Not Reported$49,019RevenueNotReportedAmt
Revenue Subtotal$1,845,941RevenueSubtotalAmt
Investment Expenses Not Incld$17,178InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$17,178RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,863,119TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,829,734TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$244,416DonatedServicesUseFcltsAmt
Expenses Not Reported$244,416ExpensesNotReportedAmt
Expenses Subtotal$1,585,318ExpensesSubtotalAmt
Investment Expenses Not Incld2$17,178InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$49,988OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$67,166ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,652,484TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Pt XI, Line 2dScholarship expense of $49,988.
Pt XII, Line 4bScholarship expense of $49,988.
Pt X, Line 2The 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 2013.
Pt V, Line 4The Institute's endowment consists of four funds established by donors primarily to fund scholarships and operations.

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 ReferenceLine 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. OUR 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 (3 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntNon Cash AssistanceNonCashAssistanceAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDesc
Institutional Aid9$14,292FMVSCHOLARSHIP
Song Eun Scholarships10$27,446FMVSCHOLARSHIP
Sung Duk Scholarships6$8,250FMVSCHOLARSHIP

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePt I Line 2FormAndLineReferenceDesc
ExplanationSCHOLARSHIP APPROVAL AND DOCUMENTATION IS MAINTAINED IN THE FINANCIAL AID OFFICE.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (16 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Pt VI, Line 11bTHE BOARD OF TRUSTEES REVIEWS THE FORM 990 BEFORE FILING.
Pt 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.
Pt VI, Line 15aTHE BOARD CONSIDERS SALARY SURVEYS OF OTHER COMPARABLE NON-PROFIT ENTITIES.
Pt VI, Line 15bTHE BOARD CONSIDERS SALARY SURVEYS OF OTHER COMPARABLE NON-PROFIT ENTITIES.
Pt VI, Line 19THE INSTITUTE WILL MAKE THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
Pt VI, Line 2BOKHYAE KOH, TRUSTEE, AND THE PRESIDENT, BOKIN KIM ARE SISTERS.
Form 990, Part IX, Line 24eGRADUATION EXPENSES 6564. 0. 6564. 0.
Form 990, Part IX, Line 24eLIBRARY BOOKS/SUPPLIES 5915. 5915. 0. 0.
Form 990, Part IX, Line 24eMISCELLANEOUS 14129. 12278. 1851. 0.
Form 990, Part IX, Line 24ePAYROLL SERVICE FEE 7365. 0. 7365. 0.
Form 990, Part IX, Line 24eTELEPHONE/DATA/WEB 6477. 6477. 0. 0.
Form 990, Part IX, Line 24eDUES AND SUBSCRIPTIONS 1600. 1600. 0. 0.
Form 990, Part IX, Line 24eBANK FEES 164. 0. 164. 0.
Form 990, Part IX, Line 24eBOARD EXPENSE 1466. 0. 1466. 0.
Form 990, Part IX, Line 24ePOSTAGE 507. 0. 507. 0.
Form 990, Part IX, Line 24eAUTOMOBILE EXPENSES 72. 0. 72. 0.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1Won Buddhism of Phiadelphia IncBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1423 Abington AvenueAddressLine1Txt
CityGlensideCityNm
State AbbreviationPAStateAbbreviationCd
ZIP19038ZIPCd
FieldValueIRS element (for citing)
EIN232443526EIN
Primary ActivitiesBUDDHIST TEMPLEPrimaryActivitiesTxt
Legal Domicile StatePALegalDomicileStateCd
Exempt Code Section501c3ExemptCodeSectionTxt
Public Charity Status170(b)(1)(A)(i)PublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1NoBusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled OrganizationfalseControlledOrganizationInd
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 OrgfalseLoansOrGuaranteesFromOthOrgInd
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

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1Won Buddhism of Philadelphia IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypekTransactionTypeTxt
Involved$1InvolvedAmt
Method Of Amount DeterminationbookMethodOfAmountDeterminationTxt