WON INSTITUTE OF GRADUATE STUDIES: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- WON INSTITUTE OF GRADUATE STUDIES (EIN 23-3102135)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-02-12
- IRS object ID
- 201400439349300820
- Schema version
- 2012v2.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-02-12T08:10:22-08:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | O'CONNELL & COMPANY | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | STE 1100 165 TOWNSHIP LINE ROAD | AddressLine1 |
| City | JENKINTOWN | City |
| State | PA | State |
| ZIP Code | 19046 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 233102135 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WON INSTITUTE OF GRADUATE STUDIES | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | WONI | NameControl |
| Phone | 2158848942 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 137 S EASTON ROAD | AddressLine1 |
| City | GLENSIDE | City |
| State | PA | State |
| ZIP Code | 19038 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BOKHYAE KOH | Name |
| Title | CHAIR OF THE FINANCE COMMITTEE | Title |
| Phone | 2158848942 | Phone |
| Date Signed | 2014-02-11 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | GEORGE R O'CONNELL | Name |
| Phone | 2158874425 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | BOKIN KIM | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 137 S EASTON RD | AddressLine1 |
| City | GLENSIDE | City |
| State | PA | State |
| ZIP Code | 19038 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 1497408 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.WONINSTITUTE.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2002 | YearFormation |
| State Legal Domicile | PA | StateLegalDomicile |
| Activity Or Mission Description | GRADUATE EDUCATION PROGRAMS LEADING TO MASTERS OF WON BUDDHIST STUDIES, MASTERS OF APPLIED MEDITATION STUDIES AND MASTERS OF ACUPUNCTURE STUDIES. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 18 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 15 | NbrIndependentVotingMembers |
| Total Nbr Employees | 62 | TotalNbrEmployees |
| Total Nbr Volunteers | 19 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 167658 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 242395 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 1154396 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 1149716 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 110876 | InvestmentIncomePriorYear |
| Investment Income Current Year | 86625 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 8760 | OtherRevenuePriorYear |
| Other Revenue Current Year | 18672 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 1441690 | TotalRevenuePriorYear |
| Total Revenue Current Year | 1497408 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 38392 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 44816 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1027797 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1124164 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 101974 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 447276 | OtherExpensePriorYear |
| Other Expenses Current Year | 439843 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1513465 | TotalExpensesPriorYear |
| Total Expenses Current Year | 1608823 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -71775 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -111415 | RevenuesLessExpensesCY |
| Total Assets BOY | 3491399 | TotalAssetsBOY |
| Total Assets EOY | 3567297 | TotalAssetsEOY |
| Total Liabilities BOY | 70520 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 178492 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 3420879 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 3388805 | NetAssetsOrFundBalancesEOY |
| Mission Description | GRADUATE EDUCATION | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 1063153 | Expense |
| Grants | 44816 | Grants |
| Revenue | 1149716 | Revenue |
| Description | THE 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, SICH AS ITS VETERAN'S 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. | Description |
| Total Program Service Expense | 1063153 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | false | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | false | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 17 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 62 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 18 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 15 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | true | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | SEULKY KANG | NamePerson |
| Telephone Number | 2158848942 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 137 S EASTON RD | AddressLine1 |
| City | GLENSIDE | City |
| State | PA | State |
| ZIP Code | 19038 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (19 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| BENJAMIN BELL MHRM PHR | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| SOOK JA CHOI MD | ||||||
| BOARD CHAIR | 1.00 | X | 0 | 0 | 0 | X |
| SONG KEE KIM MD | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| BOKHYAE KOH | ||||||
| TRUSTEE | 10.00 | X | 0 | 0 | 0 | |
| BYUNG SHIK LEE | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| JAE WOOK OH PHD | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| VIRGINIA RATIGAN PHD | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| LINDA SILVA | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| REV SUNGJIN YANG | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| STEVEN KING JD | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| CHOL K SYN PHD | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| YOON SUNG YANG | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| LINDA DUNPHY LELII PHD | ||||||
| BOARD SECRETARY | 1.00 | X | 0 | 0 | 0 | X |
| SUSAN BARRETT EDD | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| LYDIA T KOMARNICKY MD | ||||||
| TRUSTEE | 1 | X | ||||
| BOKHEE KIM PHD | ||||||
| TRUSTEE | 1 | X | ||||
| LON PALITZ CPA | ||||||
| TRUSTEE | 1 | X | ||||
| REV WON GONG SO | ||||||
| TRUSTEE | 1 | X | ||||
| BOKIN KIM | ||||||
| PRESIDENT | 40 | 19065 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 19065 | TotalReportableCompFromOrg |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | false | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
| All Other Contributions | 242395 | AllOtherContributions |
| Total Contributions | 242395 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn |
|---|---|---|
| TUITION | 611600 | 975903 |
| ACUPUNCTURE FEES | 611600 | 173813 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 1149716 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 86625 | TotalRevenueColumn |
| Exclusion | $86,625 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS | Description |
| Business Code | 611710 | BusinessCode |
| Total Revenue Column | 18672 | TotalRevenueColumn |
| Exclusion | $18,672 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 18672 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1497408 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1149716 | RelatedOrExemptFunctionIncome |
| Exclusion | $105,297 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 44816 | Total |
| Program Services | 44816 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19065 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 19065 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 993725 | Total |
| Program Services | 742300 | ProgramServices |
| Management And General | 224163 | ManagementAndGeneral |
| Fundraising | 27262 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23780 | Total |
| Program Services | 19155 | ProgramServices |
| Management And General | 4625 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 87594 | Total |
| Program Services | 65577 | ProgramServices |
| Management And General | 19950 | ManagementAndGeneral |
| Fundraising | 2067 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1600 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 1600 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14950 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 14950 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13320 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 13320 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40524 | Total |
| Program Services | 1883 | ProgramServices |
| Management And General | 37641 | ManagementAndGeneral |
| Fundraising | 1000 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 70630 | Total |
| Program Services | 8016 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 62614 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16879 | Total |
| Program Services | 210 | ProgramServices |
| Management And General | 15451 | ManagementAndGeneral |
| Fundraising | 1218 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3568 | Total |
| Program Services | 697 | ProgramServices |
| Management And General | 2701 | ManagementAndGeneral |
| Fundraising | 170 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 81330 | Total |
| Program Services | 62624 | ProgramServices |
| Management And General | 18706 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 465 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 348 | ManagementAndGeneral |
| Fundraising | 117 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2813 | Total |
| Program Services | 954 | ProgramServices |
| Management And General | 1760 | ManagementAndGeneral |
| Fundraising | 99 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 839 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 839 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27178 | Total |
| Program Services | 20927 | ProgramServices |
| Management And General | 6251 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 26082 | Total |
| Program Services | 21284 | ProgramServices |
| Management And General | 4798 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| FACULTY DEVELOPMENT | 18981 | 2667 | 12357 | 3957 |
| CLINIC SUPPLIES | 21518 | 21518 | 0 | 0 |
| CLINIC SUBCONTRACTORS | 22674 | 22674 | 0 | 0 |
| ACCREDIDATION | 25621 | 0 | 25621 | 0 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 50871 | Total |
| Program Services | 27851 | ProgramServices |
| Management And General | 19550 | ManagementAndGeneral |
| Fundraising | 3470 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1608823 | Total |
| Program Services | 1063153 | ProgramServices |
| Management And General | 443696 | ManagementAndGeneral |
| Fundraising | 101974 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 154406 | BOY |
| EOY | 229089 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18347 | BOY |
| EOY | 14986 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7251 | BOY |
| EOY | 8464 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 855432 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 268889 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 573482 | BOY |
| EOY | 586543 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2735386 | BOY |
| EOY | 2723749 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2527 | BOY |
| EOY | 4466 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3491399 | BOY |
| EOY | 3567297 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 66550 | BOY |
| EOY | 86303 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3970 | BOY |
| EOY | 859 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 91330 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 70520 | BOY |
| EOY | 178492 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1080091 | BOY |
| EOY | 945119 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 48548 | BOY |
| EOY | 92164 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2292240 | BOY |
| EOY | 2351522 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3420879 | BOY |
| EOY | 3388805 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3491399 | BOY |
| EOY | 3567297 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -111415 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 79341 | ReconciliationUnrealizedInvest |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
| Public Support Total170 | 0 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Pertcentage170 | 0 | PublicSupportPertcentage170 |
| Public Support Total509 | 0 | PublicSupportTotal509 |
| Public Support Percentage509 | 0 | PublicSupportPercentage509 |
| Investment Income Percentage | 0 | InvestmentIncomePercentage |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 2292240 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 124605 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 8432 | GrantsOrScholarships |
| Other Expenditures | 45849 | OtherExpenditures |
| Administrative Expenses | 11042 | AdministrativeExpenses |
| End Of Year Balance | 2351522 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 2278422 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 111045 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 15732 | GrantsOrScholarships |
| Other Expenditures | 68462 | OtherExpenditures |
| Administrative Expenses | 13033 | AdministrativeExpenses |
| End Of Year Balance | 2292240 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 2257361 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 133636 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 15006 | GrantsOrScholarships |
| Other Expenditures | 70171 | OtherExpenditures |
| Administrative Expenses | 27398 | AdministrativeExpenses |
| End Of Year Balance | 2278422 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 2027469 | BeginningOfYearBalance |
| Contributions | 176217 | Contributions |
| Investment Earnings Or Losses | 170069 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 12066 | GrantsOrScholarships |
| Other Expenditures | 74173 | OtherExpenditures |
| Administrative Expenses | 30155 | AdministrativeExpenses |
| End Of Year Balance | 2257361 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 1980483 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 120298 | InvestmentEarningsOrLosses |
| Other Expenditures | 73312 | OtherExpenditures |
| End Of Year Balance | 2027469 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.00000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 1.00000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.00000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 60000 | OtherCostOrOtherBasis |
| Book Value | 60000 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 636121 | OtherCostOrOtherBasis |
| Depreciation | 155468 | Depreciation |
| Book Value | 480653 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 137334 | OtherCostOrOtherBasis |
| Depreciation | 108478 | Depreciation |
| Book Value | 28856 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 21977 | OtherCostOrOtherBasis |
| Depreciation | 4943 | Depreciation |
| Book Value | 17034 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 586543 | TotalOfBookValueLandBuildings |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 1718586 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 79341 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 199973 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | -44816 | OtherRevenues |
| Revenue Not Rptd F990 | 234498 | RevenueNotRptdF990 |
| Revenue Subtotal | 1484088 | RevenueSubtotal |
| Investment Expenses Not Included | 13320 | InvestmentExpensesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 13320 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 1497408 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 1750660 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 199973 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 199973 | ExpensesNotRptdF990 |
| Expenses Subtotal | 1550687 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 13320 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 44816 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 58136 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 1608823 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (4 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Pt XI Line 2d | SCHOLARSHIP EXPENSE OF $44,816 |
| Pt XII Line 4b | SCHOLARSHIP EXPENSE OF $44,816 |
| Pt X Line 2 | The 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 2010. |
| Pt V Line 4 | The Institute's endowment consists of three funds established by donors primarily to fund scholarships and operations. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | false | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Line 3 | Identifier |
| Explanation | 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. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Non Cash AssistanceAmountOfNonCashAssistance | Method Of ValuationMethodOfValuation | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance |
|---|---|---|---|---|
| SONGEUN SCHOLARSHIPS | 12 | 35870 | FMV | SCHOLARSHIP |
| SONGDUK SCHOLARSHIPS | 1 | 8946 | FMV | SCHOLARSHIP |
Form990 Schedule I Part IV Form990ScheduleIPartIV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Pt I Line 2 | SCHOLARSHIP APPROVAL AND DOCUMENTATION IS MAINTAINED IN THE FINANCIAL |
| Pt I Line 2 | AID OFFICE. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (15 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Pt VI, Line 11b | THE BOARD OF TRUSTEES REVIEWS THE FORM 990 BEFORE FILING. |
| Pt VI, Line 12c | THE MEMBERS OF THE BOARD OF TRUSTEES REVIEWS THE CONFLICT |
| Pt VI, Line 12c | OF INTEREST POLICY ANNUALLY. EACH MEMBER IS REQUESTED TO |
| Pt VI, Line 12c | SIGN A FORM INDICATING IF THERE ARE ANY CONFLICTS. |
| Pt VI, Line 15a | THE BOARD CONSIDERS SALARY SURVEYS OF OTHER COMPARABLE |
| Pt VI, Line 15a | NON-PROFIT ENTITIES. |
| Pt VI, Line 15b | THE BOARD CONSIDERS SALARY SURVEYS OF OTHER COMPARABLE |
| Pt VI, Line 15b | NON-PROFIT ENTITIES. |
| Pt VI, Line 19 | THE INSTITUTE WILL MAKE THE GOVERNING DOCUMENTS, CONFLICT |
| Pt VI, Line 19 | OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. |
| Pt VI, Line 2 | BOKHYAE KOH, TRUSTEE, AND THE PRESIDENT, BOKIN KIM ARE |
| Pt VI, Line 2 | SISTERS. REV. SUGJIN YANG, TRUSTEE, AND YOON SUNG YANG ARE BROTHER AND SISTER. |
| Pt VI, Line 4 | THE BYLAWS WERE AMENDED DURING THE FISCAL YEAR ENDED JUNE 30, 2013. |
| Pt VI, Line 4 | SEE COPY OF AMENDED BYLAWS ATTACHED. |
| Form 990, Part IX, Line 24f | GRADUATION EXPENSES 5120. 5120. LIBRARY BOOKS/SUPPLIES 2513. 2513. MISCELLANEOUS 7160. 6398. 762. PAYROLL SERVICE FEE 8292. 8292. TELEPHONE/DATA/WEB 11656. 11656. DUES AND SUBSCRIPTIONS 4877. 4877. PRINTING 165. 100. 65. BANK FEES 1726. 1726. BOARD EXPENSE 1039. 1039. AUTO EXPENSE 770. 145. 625. POSTAGE 2391. 1886. 505. PUBLIC EVENTS 2900. 2900. SPECIAL PROJECTS 2262. 2262. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WON BUDDHISM OF PHILADELPHIA | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 423 ABINGTON AVENUE | AddressLine1 |
| City | GLENSIDE | City |
| State | PA | State |
| ZIP Code | 19038 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 232443526 | EIN |
| Primary Activities | BUDDHIST TEMPLE | PrimaryActivities |
| Legal Domicile State | PA | LegalDomicileState |
| Exempt Code Section | 501c3 | ExemptCodeSection |
| Public Charity Status | 170(b)(1)(A)(i) | PublicCharityStatus |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NO | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | false | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | true | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| WON BUDDHISM OF PHILADELPHIA - 99 YEAR 1 LEASE FOR BUILDING AND LAND | |
| OCCUPIED BY WON INSTITUTE OF GRADUATE STUDIES | |
| k | 1 |