2014-10-13T12:17:39-05:00 2013-12-31 043141926 RUCCI BARDARO & FALZONE PC 919 EASTERN AVENUE MALDEN MA 02148 990 2013-01-01 260385131 KAIST US FOUNDATION INC KAIS 4084325000 3003 NORTH 1ST STREET C/O KOTRA SAN JOSE CA 95134 PAUL BARDARO CPAABV AGENT 7813216065 2014-10-10 1 PAUL BARDARO CPA P00634441 7813216065 2014-10-09 2013 2015-11-30 17:44:51Z X PAUL BARDARO CPAABV 919 EASTERN AVENUE MALDEN MA 02148 111630 0 X N/A X 2007 MA THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES, TO THE BENEFIT, TO PERFORM FUNCTIONS, OR TO CARRY OUT THE CHARITABLE PURPOSES OF THE KOREA ADVANCED INSTITUTE OF SCIENCE AND TECHNOLOGY (KAIST)AND ANY OTHER EDUCATIONAL INSTITUTION. 5 5 0 0 0 0 151238 110030 0 0 12153 1600 0 0 163391 111630 2751500 100000 0 0 0 0 0 0 0 52978 31990 2804478 131990 -2641087 -20360 442010 422116 13500 13500 428510 408616 X THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES, TO THE BENEFIT, TO PERFORM FUNCTIONS, OR TO CARRY OUT THE CHARITABLE PURPOSES OF THE KOREA ADVANCED INSTITUTE OF SCIENCE AND TECHNOLOGY (KAIST)AND ANY OTHER EDUCATIONAL INSTITUTION. 0 0 100000 100000 QUALCOMM DONATED TO KAIST DEVELOPMENT FOUNDATION (KOREA) TO BUILD NEW FACILITIES. 100000 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 MA CA X PAUL BARDARO CPAABV 7813216065 919 EASTERN AVE MALDEN MA 02148 X NEIL PAPPALARDO DIRECTOR 5.00 X X 0 0 0 SUNG MO KANG PRESIDENT 5.00 X X 0 0 0 STEVE KAHNG TREASURER 5.00 X 0 0 0 JEWOO KIM SECRETARY 5.00 X 0 0 0 PAPKEN DER TOROSSIAN DIRECTOR 5.00 X X 0 0 0 0 0 0 0 0 0 0 0 110030 110030 1600 1600 111630 1600 0 0 100000 100000 13543 13543 17010 17010 1310 1310 127 127 131990 100000 31990 0 442010 422116 442010 422116 13500 13500 13500 13500 X 65959 398616 362551 10000 428510 408616 442010 422116 -20360 466 0 X X 0 1 X 1 0 X 95107 300419 195535 151238 110030 852329 95107 300419 195535 151238 110030 852329 852329 32465 21346 9459 12153 1600 77023 929352 0.91710 0.93940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 112096 466 466 111630 0 111630 131990 0 131990 0 131990 SCHEDULE D, PART XIII FIN 48 FOOTNOTE: ON JANUAY 1, 2009, THE FOUNDATION ADOPTED THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX PROVISIONS AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, WITH NO CUMULATIVE EFFECT ADJUSTMENT REQUIRED. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE FOUNDATION HAS ANALYZED THE TAX POSITIONS TAKEN IN ITS FILINGS WITH THE IRS AND STATE JURISDICTIONS WHERE IT OPERATES. THE FOUNDATION BELIEVES THAT ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE AFFECT ON THE FOUNDATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE FOUNDATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2013. 0 SOUTH KOREA 0 0 THE FOUNDATION DONATED TO KAIST DEVELOPMENT FOUNDATION (KOREA) TO BUILD NEW FACILITIES. SEE STATEMENT ON SCHEDULE F PART IV (PAGE 4). 100000 0 0 0 0 0 0 100000 0 100000 SOUTH KOREA THE FOUNDATION DONATED TO KAIST DEVELOPMENT FOUNDATION (KOREA) TO BUILD NEW FACILITIES, KAIST INSTITUTE BUILDING, DONALD KIM CENTER OF CHEMICAL BIOLOGY AND KAIST MEDICAL CENTER 100000 WIRE THROUGH FINACIAL INSTITUTION (BANK) 0 0 0 0 0 0 PART I, LINE 2: THE CHAIRMAN AND A BOARD MEMBER REVIEW AND FOLLOW UP ON THE GRANTS DISBURSED TO THE BENEFICIARIES TO ENSURE THAT RESTRICTED FUNDS WERE PROPERLY USED BY KAIST DEVELOPMENT FOUNDATION (KOREA) AS WELL AS KAIST INTERNATIONAL ALUMNI ASSOCIATION. FORM 990, PART VI, SECTION B, LINE 11 THE TAX RETURN IS PRESENTED TO GOVERNING BODY OF THE ORGANIZATION BEFORE FILING FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS/CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. THE GOVERNING BOARD REQUIRES ALL BOARD MEMBERS TO FILE AN ANNUAL STATEMENT OF COMPLIANCE WITH THE ORGANIZATION'S POLICIES. ADDITIONALY, THE ORGANIZATION MONITORS THE STATUS OF BOARD OF DIRECTOR MEMBERS FOR ANY CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAINTAINS BOARD OF DIRECTORS MEETING MINUTES AS WELL THE SIGNATURE OF ALL BOARD MEMBERS. THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT OVERSEES FINANCIAL STATEMETS REVIEW. THERE WERE NO CHANGES IN THE COMMITEE IN FISCAL YEAR 2013.