Korean American Education Foundation in Rockville, Maryland (MD)
Table of contents:
| Korean American Education Foundation | |
| Employer Identification Number (EIN) | 237275374 |
| Name of Organization | Korean American Education Foundation |
| Address | PO BOX 10667, Rockville, MD 20849-0667 |
| Activities | School, college, trade school, etc. |
| Subsection | Educational Organization |
| Ruling Date | 02/1973 |
| Deductibility | Contributions are deductible |
| Foundation | School |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $565,864 |
| Amount of Income | $224,292 |
| Form 990 Revenue Amount | $224,292 |
Non-representatives - add comments:
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $188,349 | |
| Contributions, gifts, grants, and similar amounts received | $47,244 | |
| Program service revenue including government fees and contracts | $112,970 | |
| Membership dues and assessments | $2,200 | |
| Investment income | $14,805 | |
| Gain/Loss from sale of assets other than inventory | $0 | |
| Net income/loss from gaming and fundraising events | $0 | $11,130 |
| Gross income from gaming | $0 | $0 |
| Gross income from fundraising events | $11,130 | |
| Less: direct expenses from gaming and fundraising events | $0 | |
| Gross profit/loss from sales of inventory | $0 | |
| Other revenue | $0 | |
| Total expenses | $154,808 | |
| Total net assets | $497,124 | |
| Excess/Deficit for the year | $33,541 | |
| Net assets or fund balances at beginning of year | $463,583 | |
| Other changes in net assets or fund balances | $0 | |
| Net assets or fund balances at end of year | $497,124 | |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $463,583 | $497,124 |
| Total liabilities | $0 | $0 |
| Net assets or fund balances | $497,124 | |
| Other Information | ||
| 2012 | 2013 | |
|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | |
| Were any significant changes made to the organizing or governing documents? | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | |
| Has the organization filed a Form 990-T for the year? | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | |
| Amount of political expenditures, direct or indirect | $0 | |
| Did the organization file Form 1120-POL for this year? | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | |
| Total amount involved | $0 | |
| Initiation fees and capital contributions | $0 | |
| Gross receipts for public use of club facilities | $0 | |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $1,008,946 |
| Subtotal | $1,008,946 |
| Gifts, grants, contributions, and membership fees received | $342,139 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $603,691 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $63,116 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $1,008,946 |
| Public support | $1,008,946 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Other organizations in Maryland | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Koenig Private Foundation Inc | PO BOX 99, Dowell, MD 20629-0099 | MD | 2001-04 | $1,277,349 |
| 2 | Koinonia Fellowship Ministries Inc | 9015 Maier Rd Ste C, Laurel, MD 20723-1300 | MD | 2001-04 | $0 |
| 3 | Kol Halev Inc | 6200 N Charles St Ste 102, Baltimore, MD 21212-1074 | MD | 2007-11 | $131,851 |
| 4 | Kol Hana Arim Foundation Inc | 6414 Park Heights Ave Apt E-5, Baltimore, MD 21215 | MD | 2004-04 | $0 |
| 5 | Kolker Saxon Family Foundation Inc | 101 W Mount Royal Ave, Baltimore, MD 21201-5708 | MD | 1989-07 | $108,662 |
| 6 | Koll Family Foundation | 6912 Nevis Rd, Bethesda, MD 20817-4643 | MD | 1999-02 | $77,071 |
| 7 | Kolmac Foundation Inc | 3919 National Dr Ste 300, Burtonsville, MD 20866-1180 | MD | 2007-08 | $63,382 |
| 8 | Koolwal Foundation, Sangeet Sarita | 12605 Greenbriar Rd, Potomac, MD 20854-6353 | MD | 2000-03 | $52,298 |
| 9 | Koonce Foundation Inc | 6550 Rock Spring Drive, Bethesda, MD 20817-1132 | MD | 1999-01 | $89,958 |
| 10 | Korean American Disabled Peoples Association Inc | 3448 Ellicott Center Dr Ste 104, Ellicott City, MD 21043-4668 | MD | 1994-07 | $83,831 |
| 11 | Korean American Education Foundation | PO BOX 10667, Rockville, MD 20849-0667 | MD | 1973-02 | $224,292 |
| 12 | Korean Association Of The State Of Maryland Metropolitan Area Inc | 15 Crofton Hill Ct, Rockville, MD 20850-3128 | MD | 2006-02 | $24,961 |
| 13 | Korean Community Senior Housing Corp Of Maryland | 440 University Blvd East, Silverspring, MD 20901-3665 | MD | 1987-07 | $950,354 |
| 14 | Korean Jerusalem Prysbyterian Church | 2200 W Joppa Rd, Lutherville, MD 21093-4608 | MD | 1974-04 | $202,683 |
| 15 | Korean Resource Center Inc | 10328 Baltimore National Pike, Ellicott City, MD 21042-2128 | MD | 2001-07 | $362,560 |
| 16 | Korean Society Of Greater Baltimore Inc | 9256 Bendix Rd, Columbia, MD 21045-1840 | MD | 1978-05 | $112,352 |
| 17 | Korean Womens Club Of Maryland Inc | 6309 Golden Star Pl, Columbia, MD 21044-6101 | MD | 1993-05 | $0 |
| 18 | Korean-American Community Association Of Howard County Inc | 9256 Bendix Road, Columbia, MD 21045-1840 | MD | 2005-12 | $51,998 |
| 19 | Kpmg Baltimore Partners Foundation Inc | 1 E Pratt St Ste 6, Baltimore, MD 21202-1129 | MD | 1988-05 | $13,079 |
| 20 | Kr Fund Inc | 101 W Mount Royal Ave, Baltimore, MD 21201-5708 | MD | 2000-03 | $17,485 |
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