FURP.ORG / PUBLIC DATA EXPLORER

WON INSTITUTE OF GRADUATE STUDIES: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
WON INSTITUTE OF GRADUATE STUDIES (EIN 23-3102135)
Tax period
2014-07-01 to 2015-06-30
Filed
2016-03-05
IRS object ID
201610659349300401
Schema version
2014v6.0
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)
Return2016-03-05T06:08:52-08:00ReturnTs
Tax Period End2015-06-30TaxPeriodEndDt

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 Begin2014-07-01TaxPeriodBeginDt

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
Signature2016-03-05SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROBERT J MCNAMEEPreparerPersonNm
Phone2158874425PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-08-17 19:52:53ZBuildTS

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$1,730,385GrossReceiptsAmt
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 Body19VotingMembersGoverningBodyCnt
Voting Members Independent19VotingMembersIndependentCnt
Total Employee76TotalEmployeeCnt
Total Volunteers28TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$462,967PYContributionsGrantsAmt
CY Contributions Grants$193,651CYContributionsGrantsAmt
PY Program Service Revenue$1,225,401PYProgramServiceRevenueAmt
CY Program Service Revenue$1,398,196CYProgramServiceRevenueAmt
PY Investment Income$75,360PYInvestmentIncomeAmt
CY Investment Income$114,957CYInvestmentIncomeAmt
PY Other Revenue$23,821PYOtherRevenueAmt
CY Other Revenue$23,581CYOtherRevenueAmt
PY Total Revenue$1,787,549PYTotalRevenueAmt
CY Total Revenue$1,730,385CYTotalRevenueAmt
PY Grants And Similar Paid$39,929PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$43,712CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,136,639PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,241,492CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$110,451CYTotalFundraisingExpenseAmt
PY Other Expenses$482,411PYOtherExpensesAmt
CY Other Expenses$467,869CYOtherExpensesAmt
PY Total Expenses$1,658,979PYTotalExpensesAmt
CY Total Expenses$1,753,073CYTotalExpensesAmt
PY Revenues Less Expenses$128,570PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$22,688CYRevenuesLessExpensesAmt
Total Assets BOY$3,965,495TotalAssetsBOYAmt
Total Assets EOY$3,768,885TotalAssetsEOYAmt
Total Liabilities BOY$255,124TotalLiabilitiesBOYAmt
Total Liabilities EOY$171,462TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,710,371NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,597,423NetAssetsOrFundBalancesEOYAmt
MissionGRADUATE EDUCATIONMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$1,132,151ExpenseAmt
Grant$43,712GrantAmt
Revenue$1,398,196RevenueAmt
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$1,132,151TotalProgramServiceExpensesAmt
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 LiabilitiesYes (true)ReportOtherLiabilitiesInd
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 Document10IRPDocumentCnt
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 Members19GoverningBodyVotingMembersCnt
Independent Voting Member19IndependentVotingMemberCnt
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
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (20 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)
SONG KEE KIM MD
TRUSTEE1.00Yes (X)$0$0$0
BOKHYAE KOH
TRUSTEE10.00Yes (X)$0$0$0
BYUNG SHIK LEE
TRUSTEE1.00Yes (X)$0$0$0
JAE WOOK OH PHD
TRUSTEE1.00Yes (X)$0$0$0
VIRGINIA RATIGAN PHD
TRUSTEE1.00Yes (X)$0$0$0
LINDA SILVA
TRUSTEE1.00Yes (X)$0$0$0
REV YOUNGSUN SEOUNG
Trustee1.00Yes (X)$0$0$0
STEVEN KING JD
TRUSTEE1.00Yes (X)$0$0$0
CHOL K SYN PHD
TRUSTEE1.00Yes (X)$0$0$0
YOON SUNG YANG
TRUSTEE1.00Yes (X)$0$0$0
LINDA DUNPHY LELII PHD
BOARD SECRETARY1.00Yes (X)$0$0$0Yes (X)
LYDIA T KOMARNICKY MD
TRUSTEE1.00Yes (X)$0$0$0
BOKHEE KIM PHD
TRUSTEE1Yes (X)
LON PALITZ CPA
TRUSTEE1Yes (X)
HYESEON KIM
TRUSTEE1Yes (X)
DR JAESUNG SIM
TRUSTEE1Yes (X)
LYNN MITCHELL
TRUSTEE1Yes (X)
DR BOKIN KIM
PRESIDENT40$18,000Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$18,000TotalReportableCompFromOrgAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$193,651AllOtherContributionsAmt
Total Contributions$193,651TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmt
TUITION611600$1,224,067
ACUPUNCTURE FEES611600$174,129
FieldValueIRS element (for citing)
Total Program Service Revenue$1,398,196TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$114,957TotalRevenueColumnAmt
Exclusion$114,957ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUSDesc
Business611710BusinessCd
Total Revenue Column$23,581TotalRevenueColumnAmt
Exclusion$23,581ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$23,581OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,730,385TotalRevenueColumnAmt
Related Or Exempt Func Income$1,398,196RelatedOrExemptFuncIncomeAmt
Exclusion$138,538ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$43,712TotalAmt
Program Services$43,712ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$18,000TotalAmt
Program Services$18,000ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,099,019TotalAmt
Program Services$738,505ProgramServicesAmt
Management And General$327,749ManagementAndGeneralAmt
Fundraising$32,765FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$27,254TotalAmt
Program Services$21,632ProgramServicesAmt
Management And General$5,622ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$97,219TotalAmt
Program Services$97,219ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$8,906TotalAmt
Program Services$0ProgramServicesAmt
Management And General$8,906ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$10,800TotalAmt
Program Services$0ProgramServicesAmt
Management And General$10,800ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$18,168TotalAmt
Program Services$0ProgramServicesAmt
Management And General$18,168ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$20,104TotalAmt
Program Services$50ProgramServicesAmt
Management And General$20,054ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$78,280TotalAmt
Program Services$1,981ProgramServicesAmt
Management And General$315ManagementAndGeneralAmt
Fundraising$75,984FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$16,101TotalAmt
Program Services$856ProgramServicesAmt
Management And General$15,245ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$26,168TotalAmt
Program Services$0ProgramServicesAmt
Management And General$26,168ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$41,132TotalAmt
Program Services$31,672ProgramServicesAmt
Management And General$9,460ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$640TotalAmt
Program Services$0ProgramServicesAmt
Management And General$640ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$1,307TotalAmt
Program Services$54ProgramServicesAmt
Management And General$1,253ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$6,264TotalAmt
Program Services$0ProgramServicesAmt
Management And General$6,264ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$30,068TotalAmt
Program Services$23,152ProgramServicesAmt
Management And General$6,916ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$37,995TotalAmt
Program Services$26,662ProgramServicesAmt
Management And General$11,333ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
FACULTY DEVELOPMENT$7,640$4,469$3,171$0
CLINIC SUPPLIES$40,359$40,359$0$0
CLINIC SUBCONTRACTORS$60,750$60,750$0$0
SPECIAL PROJECT$22,217$0$22,217$0

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$40,970TotalAmt
Program Services$23,078ProgramServicesAmt
Management And General$16,190ManagementAndGeneralAmt
Fundraising$1,702FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,753,073TotalAmt
Program Services$1,132,151ProgramServicesAmt
Management And General$510,471ManagementAndGeneralAmt
Fundraising$110,451FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$221,326BOYAmt
EOY$229,105EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$18,519BOYAmt
EOY$9,341EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$10,977BOYAmt
EOY$17,511EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$884,865LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$327,732LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$581,026BOYAmt
EOY$557,133EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$3,131,094BOYAmt
EOY$2,953,390EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$2,553BOYAmt
EOY$2,405EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,965,495BOYAmt
EOY$3,768,885EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$80,523BOYAmt
EOY$69,923EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$1,807BOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$72,794BOYAmt
EOY$101,539EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$100,000BOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$255,124BOYAmt
EOY$171,462EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$870,296BOYAmt
EOY$845,988EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$108,125BOYAmt
EOY$105,973EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,731,950BOYAmt
EOY$2,645,462EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,710,371BOYAmt
EOY$3,597,423EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,965,495BOYAmt
EOY$3,768,885EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$22,688ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$90,260NetUnrlzdGainsLossesInvstAmt
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$2,731,950BeginningYearBalanceAmt
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 Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

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 Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

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

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,257,361BeginningYearBalanceAmt
Investment Earnings Or Losses$133,636InvestmentEarningsOrLossesAmt
Grants Or Scholarships$15,006GrantsOrScholarshipsAmt
Other Expenditures$70,171OtherExpendituresAmt
Administrative Expenses$27,398AdministrativeExpensesAmt
End Year Balance$2,278,422EndYearBalanceAmt
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$648,957OtherCostOrOtherBasisAmt
Depreciation$193,638DepreciationAmt
Book Value$455,319BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$148,312OtherCostOrOtherBasisAmt
Depreciation$124,250DepreciationAmt
Book Value$24,062BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$27,596OtherCostOrOtherBasisAmt
Depreciation$9,844DepreciationAmt
Book Value$17,752BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$557,133TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescLine of CreditDesc
FieldValueIRS element (for citing)
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,808,388TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$90,260NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$230,143DonatedServicesAndUseFcltsAmt
Other Revenue-$43,712OtherRevenueAmt
Revenue Not Reported$96,171RevenueNotReportedAmt
Revenue Subtotal$1,712,217RevenueSubtotalAmt
Investment Expenses Not Incld$18,168InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$18,168RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,730,385TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,921,336TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$230,143DonatedServicesUseFcltsAmt
Expenses Not Reported$230,143ExpensesNotReportedAmt
Expenses Subtotal$1,691,193ExpensesSubtotalAmt
Investment Expenses Not Incld2$18,168InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$43,712OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$61,880ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,753,073TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Pt XI, Line 2dScholarship expense of $43,712.
Pt XII, Line 4bScholarship expense of $43,712.
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 2012.
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 Aid10$9,603FMVSCHOLARSHIP
Songeun Scholarships17$30,000FMVSCHOLARSHIP
Songduk Scholarships2$4,109FMVSCHOLARSHIP

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 (7 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 24fGRADUATION EXPENSES 5095. 0. 5095. 0. LIBRARY BOOKS/SUPPLIES 6380. 6380. 0. 0. MISCELLANEOUS 6442. 6407. 35. 0. PAYROLL SERVICE FEE 7553. 0. 7553. 0. TELEPHONE/DATA/WEB 6766. 6766. 0. 0. DUES AND SUBSCRIPTIONS 1500. 1500. 0. 0. CLINICAL STUDIES 2025. 2025. 0. 0. BANK FEES 1305. 0. 1305. 0. BOARD EXPENSE 1218. 0. 1218. 0. PUBLIC EVENTS 1702. 0. 0. 1702. POSTAGE 984. 0. 984. 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