WON INSTITUTE OF GRADUATE STUDIES: Form 990, tax year 2009
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- Organization
- WON INSTITUTE OF GRADUATE STUDIES (EIN 23-3102135)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-01-20
- IRS object ID
- 201110209349300911
- Schema version
- 2009v1.3
- 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 | 2011-01-20T11:36:07-08:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | 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 | 8101 WASHINGTON LANE STE 213 | AddressLine1 |
| City | WYNCOTE | City |
| State | PA | State |
| ZIP Code | 19095 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | 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 | BOK HAYE KOH | Name |
| Title | TREASURER | Title |
| Phone | 2158848942 | Phone |
| Date Signed | 2011-01-13 | DateSigned |
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 | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | 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 | 1351526 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.WONINSTITUTE.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2001 | YearFormation |
| State Legal Domicile | PA | StateLegalDomicile |
| Activity Or Mission Description | GRADUATE EDUCATION PROGRAMS LEADING TO MASTERS OF WON BUDDHIST STUDIES AND MASTER OF APPLIED MEDITATION DEGREES. THE INSTITUTE ALSO OFFERS MASTER OF ACUPUNCTURE STUDIES PROGRAM FOR ACUPUNCTION. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 18 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 18 | NbrIndependentVotingMembers |
| Total Nbr Employees | 44 | TotalNbrEmployees |
| Total Nbr Volunteers | 15 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 172073 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 391492 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 663256 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 811990 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 167569 | InvestmentIncomePriorYear |
| Investment Income Current Year | 134942 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 7202 | OtherRevenuePriorYear |
| Other Revenue Current Year | 13102 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 1010100 | TotalRevenuePriorYear |
| Total Revenue Current Year | 1351526 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 39190 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 683665 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 753642 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 51840 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 280280 | OtherExpensePriorYear |
| Other Expenses Current Year | 273582 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 963945 | TotalExpensesPriorYear |
| Total Expenses Current Year | 1066414 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 46155 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 285112 | RevenuesLessExpensesCY |
| Total Assets BOY | 3187627 | TotalAssetsBOY |
| Total Assets EOY | 3527617 | TotalAssetsEOY |
| Total Liabilities BOY | 43161 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 37155 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 3144466 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 3490462 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE MISSION OF THE WON INSTITUTE OF GRADUATE STUDIES IS TO PROVIDE | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 813836 | Expense |
| Grants | 39190 | Grants |
| Revenue | 960034 | Revenue |
| Description | THE INSTITUTE HAS BEEN GRANTED APPROVAL BY THE PENNSYLVANIA DEPARTMENT OF EDUCATION TO OFFER GRADUATE COURSES LEADING TO MASTER OF WON BUDDHIST STUDIES, MASTER OF APPLIED MEDITATION STUDIES AND MASTER OF ACUPUNCTURE STUDIES DEGREES, AND HAS ACCREDITATION THROUGH MSCHE AND ACAOM. | Description |
| Total Program Service Expense | 813836 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | true | BalanceSheetAmountsReported |
| 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 |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 6 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 44 | 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 |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Taxable Distributions | false | TaxableDistributions |
| Distribution To Donor | false | DistributionToDonor |
| Nbr Voting Governing Body Members | 18 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 18 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | 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 | REV SUMNI CHOI | 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 (20 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Institutional TrusteeInstitutionalTrustee |
|---|---|---|---|---|---|---|---|
| MOON BAE CHUNG | |||||||
| CHAIR | 1.00 | X | 0 | 0 | 0 | ||
| REV PONG SOON CHUNG | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| REV JAI CHOI | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| SOOK JA CHOI MD | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| SONG KEE KIM MD | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| BOK HYAE KOH | |||||||
| TREASURER | 10.00 | X | 0 | 0 | 0 | X | |
| SOCUE KOH | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| BYUNG SIK LEE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JUNG KIL LEE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| RICHARD MCKINNEY | |||||||
| SECRETARY | 1.00 | X | 0 | 0 | 0 | X | |
| PAUL MOJZES PHD | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JAE OH PHD | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JOEL OSTROFF | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| VIRGINIA RATIGAN PHD | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JOE SALSBERY | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| LINDA SILVA | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| CHOL K SYN PHD | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| EMORY WYANT ESQ | |||||||
| TRUSTEE | 1 | X | |||||
| YUNSUK KOH | |||||||
| PRESIDENT | 40 | 20400 | X | X | |||
| BOKIN KIM | |||||||
| ACADEMIC DEAN | 40 | 18000 | X | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 38400 | TotalReportableCompFromOrg |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | false | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
| All Other Contributions | 391492 | AllOtherContributions |
| Total Contributions | 391492 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION | 611600 | 717738 | 717738 |
| ACUPUNCTURE FEES | 611600 | 93097 | 93097 |
| BOOKSTORE | 611710 | 1155 | 1155 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 811990 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 134942 | TotalRevenueColumn |
| Related Or Exempt Function Income | 134942 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS | Description |
| Business Code | 611710 | BusinessCode |
| Total Revenue Column | 13102 | TotalRevenueColumn |
| Related Or Exempt Function Income | 13102 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 13102 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1351526 | TotalRevenueColumn |
| Related Or Exempt Function Income | 960034 | RelatedOrExemptFunctionIncome |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 39190 | Total |
| Program Services | 39190 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38400 | Total |
| Program Services | 18000 | ProgramServices |
| Management And General | 15733 | ManagementAndGeneral |
| Fundraising | 4667 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 568314 | Total |
| Program Services | 514051 | ProgramServices |
| Management And General | 30198 | ManagementAndGeneral |
| Fundraising | 24065 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 89977 | Total |
| Program Services | 62483 | ProgramServices |
| Management And General | 21113 | ManagementAndGeneral |
| Fundraising | 6381 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 56951 | Total |
| Program Services | 39548 | ProgramServices |
| Management And General | 13364 | ManagementAndGeneral |
| Fundraising | 4039 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7743 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 7743 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13790 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 13790 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25382 | Total |
| Program Services | 13393 | ProgramServices |
| Management And General | 725 | ManagementAndGeneral |
| Fundraising | 11264 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15438 | Total |
| Program Services | 446 | ProgramServices |
| Management And General | 13997 | ManagementAndGeneral |
| Fundraising | 995 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 86289 | Total |
| Program Services | 66442 | ProgramServices |
| Management And General | 19847 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1550 | Total |
| Program Services | 146 | ProgramServices |
| Management And General | 1404 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2346 | Total |
| Program Services | 1455 | ProgramServices |
| Management And General | 891 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30887 | Total |
| Program Services | 23783 | ProgramServices |
| Management And General | 7104 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| ACCREDITATION | 22842 | 0 | 22842 | 0 |
| CLINIC SUPPLIES | 8472 | 8472 | 0 | 0 |
| BANK FEES | 2157 | 0 | 2157 | 0 |
| BOARD EXPENSE | 2945 | 0 | 2945 | 0 |
| MEMBERSHIPS | 3464 | 1450 | 1981 | 33 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 50277 | Total |
| Program Services | 24977 | ProgramServices |
| Management And General | 24904 | ManagementAndGeneral |
| Fundraising | 396 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1066414 | Total |
| Program Services | 813836 | ProgramServices |
| Management And General | 200738 | ManagementAndGeneral |
| Fundraising | 51840 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 121575 | BOY |
| EOY | 145927 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 301 | BOY |
| EOY | 14167 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4961 | BOY |
| EOY | 5273 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 790890 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 192380 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 619237 | BOY |
| EOY | 598510 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2426270 | BOY |
| EOY | 2748457 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15283 | BOY |
| EOY | 15283 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3187627 | BOY |
| EOY | 3527617 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43161 | BOY |
| EOY | 36805 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 350 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43161 | BOY |
| EOY | 37155 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1079568 | BOY |
| EOY | 1195796 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37429 | BOY |
| EOY | 37305 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2027469 | BOY |
| EOY | 2257361 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3144466 | BOY |
| EOY | 3490462 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3187627 | BOY |
| EOY | 3527617 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| 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 | 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 Minus1 Year CurrentYearMinus1Year
| 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) |
|---|---|---|
| Permanent Endowment EOY Balance | 1.00000 | PermanentEndowmentEOYBalance |
| 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 | 617204 | OtherCostOrOtherBasis |
| Depreciation | 105830 | Depreciation |
| Book Value | 511374 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 106480 | OtherCostOrOtherBasis |
| Depreciation | 86190 | Depreciation |
| Book Value | 20290 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7206 | OtherCostOrOtherBasis |
| Depreciation | 360 | Depreciation |
| Book Value | 6846 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 598510 | TotalOfBookValueLandBuildings |
| Total Revenue | 1351526 | TotalRevenue |
| Total Expenses | 1066414 | TotalExpenses |
| Excess Or Deficit For Year | 285112 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 60884 | NetUnrealizedGLOnInvestments |
| Donated Services And Facilities | 387350 | DonatedServicesAndFacilities |
| Total Adjustments | 448234 | TotalAdjustments |
| Excess Or Deficit Per FS | 733346 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 1760570 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 60884 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 387350 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | -39190 | OtherRevenues |
| Revenue Not Rptd F990 | 409044 | RevenueNotRptdF990 |
| Revenue Subtotal | 1351526 | RevenueSubtotal |
| Total Revenue Per Form990 | 1351526 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 1414574 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 387350 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 387350 | ExpensesNotRptdF990 |
| Expenses Subtotal | 1027224 | ExpensesSubtotal |
| Other Expenses Not Included | 39190 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 39190 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 1066414 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Pt XII Line 2d | SCHOLARSHIP EXPENSE |
| Pt XIII Line 4b | SCHOLARSHIP EXPENSE |
| Pt X | Accounting standards require the tax effects of certain tax positions to be recognized. These tax positions must meet a "more likely than not" standard that based on their technical merit have more than 50% likelihood of being sustained upon IRS examination. Management estimates that there are no uncertain tax |
| Pt X | positions as of June 30, 2010. |
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 |
| Pub Via Broadcast Media Expln | OUR NONDISCRIMINATION POLICY IS POSTED IN THE MAIN HALL OF THE SCHOOL BUILDING. IT IS ALSO PRINTED IN THE STUDENT CATALOGUE AND ON THE BACK OF THE INTRODUCTORY BROCHURE. | PubViaBroadcastMediaExpln |
| 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 |
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 | 17 | 27694 | FMV | SCHOLARSHIP |
| SONGDUK SCHOLARSHIPS | 2 | 11496 | FMV | SCHOLARSHIP |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Pt I Line 2 | Identifier |
| Explanation | SCHOLARSHIP APPROVAL AND DOCUMENTATION IS MAINTAINED IN THE FINANCIAL AID OFFICE. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (15 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Pt VI-B, Line 11A | THE BOARD OF TRUSTEES REVIEWS THE FORM 990. |
| Pt VI-B, Line 12c | THE MEMBERS OF THE BOARD OF TRUSTEES REVIEWS THE CONFLICT |
| Pt VI-B, Line 12c | OF INTEREST POLICY ANNUALLY. EACH MEMBER IS REQUESTED TO |
| Pt VI-B, Line 12c | SIGN A FORM INDICATING IF THERE ARE ANY CONFLICTS. |
| Pt VI-B, Line 15 | THE BOARD CONSIDERS SALARY SURVEYS OF OTHER COMPARABLE |
| Pt VI-B, Line 15 | NON-PROFIT ENTITIES. |
| Pt VI-C, Line 19 | THE INSTITUTE WILL MAKE THE DOCUMENTS AVAILABLE UPON |
| Pt VI-C, Line 19 | WRITTEN REQUEST. |
| Pt XI, Line 2c | THE FINANCE COMMITTEE REVIEWS AND ACCEPTS THE AUDIT. |
| Pt VI-A, Line 2 | THE TREASURER AND TRUSTEE, BOKHYAE KOH AND THE |
| Pt VI-A, Line 2 | ACADEMIC DEAN, BOKIM KIM ARE SISTERS. BOKHYAE KOH, |
| Pt VI-A, Line 2 | TREASURER AND TRUSTEE, AND SOCUE KOH, TRUSTEE, ARE |
| Pt VI-A, Line 2 | HUSBAND AND WIFE. |
| Pt VI-B, Line 12c | ANNUALLY, MEMBERS OF THE BOARD OF TRUSTEES ARE REQUIRED |
| Pt VI-B, Line 12c | TO DISCLOSE CONFLICTS OF INTEREST. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WON BUDDISM OF PHILADELPHIA | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 423 ABINGTON AVENUE | AddressLine1 |
| City | ABINGTON | City |
| State | PA | State |
| ZIP Code | 19001 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 232443526 | EIN |
| Primary Activities | BUDDIST TEMPLE | PrimaryActivities |
| Legal Domicile State | PA | LegalDomicileState |
| Exempt Code Section | 501c3 | ExemptCodeSection |
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 |
| 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 BUDDISM OF PHILADELPHIA - 99 YEAR 1 LEASE FOR BUILDING AND LAND | |
| OCCUPIED BY WON INSTITUTE OF GRADUATE STUDIES | |
| j | 1 |