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        <Description>FACULTY DEVELOPMENT</Description>
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        <Description>CLINIC SUPPLIES</Description>
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      <LandBldgEquipmentAccumDeprec>268889</LandBldgEquipmentAccumDeprec>
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      <MortNotesPyblSecuredInvestProp>
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        <BOY>70520</BOY>
        <EOY>178492</EOY>
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      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>1080091</BOY>
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        <BOY>48548</BOY>
        <EOY>92164</EOY>
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      <PermanentlyRestrictedNetAssets>
        <BOY>2292240</BOY>
        <EOY>2351522</EOY>
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      <TotalNetAssetsFundBalances>
        <BOY>3420879</BOY>
        <EOY>3388805</EOY>
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      <TotalLiabNetAssetsFundBalances>
        <BOY>3491399</BOY>
        <EOY>3567297</EOY>
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      <ReconcilationRevenueExpenses>-111415</ReconcilationRevenueExpenses>
      <ReconciliationUnrealizedInvest>79341</ReconciliationUnrealizedInvest>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <FSAuditedBasis>
        <FinancialStatementSeparate>X</FinancialStatementSeparate>
      </FSAuditedBasis>
      <AuditCommittee>true</AuditCommittee>
      <FederalGrantAuditRequired>true</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>true</FederalGrantAuditPerformed>
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      <PublicSupportPertcentage170>0</PublicSupportPertcentage170>
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          <City>RESTRICTED</City>
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        <AggregateContributions>RESTRICTED</AggregateContributions>
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        <AdministrativeExpenses>11042</AdministrativeExpenses>
        <EndOfYearBalance>2351522</EndOfYearBalance>
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        <InvestmentEarningsOrLosses>111045</InvestmentEarningsOrLosses>
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        <AdministrativeExpenses>13033</AdministrativeExpenses>
        <EndOfYearBalance>2292240</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <CurrentYearMinus2Years>
        <BeginningOfYearBalance>2257361</BeginningOfYearBalance>
        <InvestmentEarningsOrLosses>133636</InvestmentEarningsOrLosses>
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        <EndOfYearBalance>2278422</EndOfYearBalance>
      </CurrentYearMinus2Years>
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        <BeginningOfYearBalance>2027469</BeginningOfYearBalance>
        <Contributions>176217</Contributions>
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        <EndOfYearBalance>2257361</EndOfYearBalance>
      </CurrentYearMinus3Years>
      <CurrentYearMinus4Years>
        <BeginningOfYearBalance>1980483</BeginningOfYearBalance>
        <InvestmentEarningsOrLosses>120298</InvestmentEarningsOrLosses>
        <OtherExpenditures>73312</OtherExpenditures>
        <EndOfYearBalance>2027469</EndOfYearBalance>
      </CurrentYearMinus4Years>
      <BoardDesignatedEOYBalance>0.00000</BoardDesignatedEOYBalance>
      <PermanentEndowmentEOYBalance>1.00000</PermanentEndowmentEOYBalance>
      <TermEndowmentEOYBalance>0.00000</TermEndowmentEOYBalance>
      <EndowmentsHeldByUnrelatedOrgs>false</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
      <Land>
        <OtherCostOrOtherBasis>60000</OtherCostOrOtherBasis>
        <BookValue>60000</BookValue>
      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>636121</OtherCostOrOtherBasis>
        <Depreciation>155468</Depreciation>
        <BookValue>480653</BookValue>
      </Buildings>
      <Equipment>
        <OtherCostOrOtherBasis>137334</OtherCostOrOtherBasis>
        <Depreciation>108478</Depreciation>
        <BookValue>28856</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>21977</OtherCostOrOtherBasis>
        <Depreciation>4943</Depreciation>
        <BookValue>17034</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>586543</TotalOfBookValueLandBuildings>
      <FootnoteInPartXIII>X</FootnoteInPartXIII>
      <TotRevenueEtcAuditedFinclStmt>1718586</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>79341</NetUnrealizedGainsInvestments>
      <DonatedSrvcAndUseOfFacilities>199973</DonatedSrvcAndUseOfFacilities>
      <OtherRevenues>-44816</OtherRevenues>
      <RevenueNotRptdF990>234498</RevenueNotRptdF990>
      <RevenueSubtotal>1484088</RevenueSubtotal>
      <InvestmentExpensesNotIncluded>13320</InvestmentExpensesNotIncluded>
      <RevenueNotRptdOnFinStmt>13320</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>1497408</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>1750660</TotExpensesEtcAuditedFinclStmt>
      <DonatedServicesUseOfFacilities>199973</DonatedServicesUseOfFacilities>
      <ExpensesNotRptdF990>199973</ExpensesNotRptdF990>
      <ExpensesSubtotal>1550687</ExpensesSubtotal>
      <InvestmentExpensesNotIncluded2>13320</InvestmentExpensesNotIncluded2>
      <OtherExpensesNotIncluded>44816</OtherExpensesNotIncluded>
      <ExpensesNotRptdOnFinStmt>58136</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>1608823</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIII>
        <Identifier>Pt XI Line 2d</Identifier>
        <Explanation>SCHOLARSHIP EXPENSE OF $44,816</Explanation>
      </Form990ScheduleDPartXIII>
      <Form990ScheduleDPartXIII>
        <Identifier>Pt XII Line 4b</Identifier>
        <Explanation>SCHOLARSHIP EXPENSE OF $44,816</Explanation>
      </Form990ScheduleDPartXIII>
      <Form990ScheduleDPartXIII>
        <Identifier>Pt X Line 2</Identifier>
        <Explanation>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.</Explanation>
      </Form990ScheduleDPartXIII>
      <Form990ScheduleDPartXIII>
        <Identifier>Pt V Line 4</Identifier>
        <Explanation>The Institute's endowment consists of three funds established by donors primarily to fund scholarships and operations.</Explanation>
      </Form990ScheduleDPartXIII>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="00000005" softwareId="12000225">
      <NondiscriminatoryPolicyStmt>true</NondiscriminatoryPolicyStmt>
      <PolicyStatementInBrochuresEtc>true</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>true</PolicyPublViaBroadcastMedia>
      <MaintRacialCompositionRecords>true</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>true</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>true</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>true</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>false</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>false</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>false</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>false</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>false</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>false</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>false</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>false</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>false</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>false</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>true</ComplianceWithRevProc7550>
      <Form990ScheduleEPartII>
        <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>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleI documentId="00000006" softwareId="12000225">
      <RecordsMaintained>true</RecordsMaintained>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>SONGEUN SCHOLARSHIPS</TypeOfGrant>
        <NumberOfRecipients>12</NumberOfRecipients>
        <AmountOfNonCashAssistance>35870</AmountOfNonCashAssistance>
        <MethodOfValuation>FMV</MethodOfValuation>
        <DescriptionOfNonCashAssistance>SCHOLARSHIP</DescriptionOfNonCashAssistance>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>SONGDUK SCHOLARSHIPS</TypeOfGrant>
        <NumberOfRecipients>1</NumberOfRecipients>
        <AmountOfNonCashAssistance>8946</AmountOfNonCashAssistance>
        <MethodOfValuation>FMV</MethodOfValuation>
        <DescriptionOfNonCashAssistance>SCHOLARSHIP</DescriptionOfNonCashAssistance>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIV>
        <Identifier>Pt I Line 2</Identifier>
        <Explanation>SCHOLARSHIP APPROVAL AND DOCUMENTATION IS MAINTAINED IN THE FINANCIAL</Explanation>
      </Form990ScheduleIPartIV>
      <Form990ScheduleIPartIV>
        <Identifier>Pt I Line 2</Identifier>
        <Explanation>AID OFFICE.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleO documentId="00000007" softwareId="12000225">
      <GeneralExplanation>
        <Identifier>Pt VI, Line 11b</Identifier>
        <Explanation>THE BOARD OF TRUSTEES REVIEWS THE FORM 990 BEFORE FILING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>THE MEMBERS OF THE BOARD OF TRUSTEES REVIEWS THE CONFLICT</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>OF INTEREST POLICY ANNUALLY. EACH MEMBER IS REQUESTED TO</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>SIGN A FORM INDICATING IF THERE ARE ANY CONFLICTS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 15a</Identifier>
        <Explanation>THE BOARD CONSIDERS SALARY SURVEYS OF OTHER COMPARABLE</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 15a</Identifier>
        <Explanation>NON-PROFIT ENTITIES.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 15b</Identifier>
        <Explanation>THE BOARD CONSIDERS SALARY SURVEYS OF OTHER COMPARABLE</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 15b</Identifier>
        <Explanation>NON-PROFIT ENTITIES.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 19</Identifier>
        <Explanation>THE INSTITUTE WILL MAKE THE GOVERNING DOCUMENTS, CONFLICT</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 19</Identifier>
        <Explanation>OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 2</Identifier>
        <Explanation>BOKHYAE KOH, TRUSTEE, AND THE PRESIDENT, BOKIN KIM ARE</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 2</Identifier>
        <Explanation>SISTERS. REV. SUGJIN YANG, TRUSTEE, AND YOON SUNG YANG ARE BROTHER AND SISTER.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 4</Identifier>
        <Explanation>THE BYLAWS WERE AMENDED DURING THE FISCAL YEAR ENDED JUNE 30, 2013.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 4</Identifier>
        <Explanation>SEE COPY OF AMENDED BYLAWS ATTACHED.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part IX, Line 24f</Identifier>
        <Explanation>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.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
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        <NameOfDisregardedEntity>
          <BusinessNameLine1>WON BUDDHISM OF PHILADELPHIA</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>423 ABINGTON AVENUE</AddressLine1>
          <City>GLENSIDE</City>
          <State>PA</State>
          <ZIPCode>19038</ZIPCode>
        </AddressUS>
        <EIN>232443526</EIN>
        <PrimaryActivities>BUDDHIST TEMPLE</PrimaryActivities>
        <LegalDomicileState>PA</LegalDomicileState>
        <ExemptCodeSection>501c3</ExemptCodeSection>
        <PublicCharityStatus>170(b)(1)(A)(i)</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>NO</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartII>
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      <GiftGrantOrCapContrFrOtherOrg>false</GiftGrantOrCapContrFrOtherOrg>
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      <LoansOrGuaranteesFromOtherOrg>false</LoansOrGuaranteesFromOtherOrg>
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      <PurchaseOfAssetsFromOtherOrg>false</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>false</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>true</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>false</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>false</SharingOfFacilities>
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      <OtherTransferToOtherOrg>false</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>false</OtherTransferFromOtherOrg>
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          <BusinessNameLine1>WON BUDDHISM OF PHILADELPHIA - 99 YEAR 1 LEASE FOR BUILDING AND LAND</BusinessNameLine1>
        </NameOfOtherOrganization>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>OCCUPIED BY WON INSTITUTE OF GRADUATE STUDIES</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>k</TransactionType>
        <AmountInvolved>1</AmountInvolved>
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    </IRS990ScheduleR>
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</Return>