2024-05-21T23:31:58-07:00 2023-12-31 990EZ 2023-01-01 921519790 Sacred Virtue Way Institute Inc SACR 9296091052 2705 Parsons Blvd Apt 1B Flushing NY 11354 Lotus King Weiss Co-President 9296091052 2024-04-29 Lotus King Weiss 999009999 1 0 11 1 AAL2 2023 2023-04-26 12:10:37Z X www.svwi.org X X 187684 X 187684 0 0 0 0 0 0 0 0 0 0 0 0 0 0 187684 0 0 0 0 4600 100 16816 21516 166168 0 0 166168 X 0 2243 0 0 0 163925 0 166168 0 0 0 166168 Sacred Virtue Way Institute Inc has the primary exempt purpose of delivering moral education to the general public, especially Mothers and children. To accomplish the goal, we are focusing upon the creation of moral education matierals, such as textbooks, moral educaton videos and audios. In addition, we will carry out scientific research projects to validate the impact of our moral education programs on improving human health at the molecular level. We establish a community-based moral classroom where daily public education is delivered. We build a public website to reach out to local community members. We host conferences to bring community leaders, education experts and scientific researchers together to promote morality in the human society. All these activities requires public donations and government grants to operate. Thus, we will need the status of 501c3 to accomplish this important project. 1. Established a community-based headquarter office in Flushing, New York: 2705 Parsons Blvd., Apt. 1B, Flushing, NY 11354, thanks to Mr. Deok Shim's generaous donation and support. 2. Received full time support and initiated daily education projects by the Whole Elephant Institute Inc, a 501c3 non-profit organization with 19 years of public education experience as a education/research non-profit organization. 3. Received community support at two buildings with 96 families. 4. Completed team training and now ready to enter into every house-hold in the local community. 5. Completed the preparation of the first trilingual moral textbook study manual which will be published and delivered to all public schools in New York to begin with. 6. Completed the production of over 1500 Reels of moral education which has reached out to over 1 million audiences.https://www.facebook.com/lotus.weiss; 7. Completed the production of over 600 moral education videos; 8. Published the website for Sacred Virtue Way Institute: www.svwi.org; 0 X 21416 21416 Lotus King Weiss President 56 0 0 0 Deok Seop Shim President and Treasurer 24 0 0 0 Ho Man Chung Secretary 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Lotus King Weiss 2705 Parsons Blvd Apt 1B Flushing NY 11354 9296091952 0 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 187884 187884 0 0 0 0 0 0 0 0 187884 187884 187884 0 0 0 0 0 0 187884 0 X Schedule A, Part II, Line 10 We have no other income. Schedule A, Part III, Line 12 This is our first year of operation and we have reported donations from the Whole Elephant Institute and Mr. Deok Shim and a community member. We have no other income. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Form 990-EZ, Part I, Line 16 1. Mr. Deok Shim donated $500 for food which was used by Sacred Virtue Way Institute Inc. Moral Classroom operation. Thus, this is considered to be SVWI Expense. 2. Mr. Deok Shim donated $676.50 for registration of SVWI at New York State and IRS. Thus, this is considered to be SVWI Expense. 3. Dr. Lotus King Weiss represents the Whole Elephant Institute to work full time at the Headquarter Office of the Sacred Virtue Way Institute for 12 months. The total electronic payments of the Whole Elephant Institute business accounts are: $15.589.71 during this period of time. The payments include the costs of food, phones, internet, as well as purchases of clothes, shoes and other work related items for internet moral class presentation, all belong to the Sacred Virtue Way Institute. Thus, this amount is considered to be Expense of SVWI. 4. Dr. Lotus King Weiss used the Whole Elephant Institute Flushing Community Office to carry out registration work for the establishment of the Sacred Virtue Way Institute for 5 month and a half. Total rent expense is: $1100. This is also considered to be SVWI Expense. 5. Mr. Ho Man Chung donated $50 which was used for our first Board Meeting. This is also considered to be SVWI Expense. Form 990-EZ, Part II, Line 24 Facilities: Computer, Desk, Chairs: $3000; Online Production Related Properties: $8000; Digital Products:Trilingual (Chinese-Korean-English) Moral Textbook Study Manual (Price: $500 per copy); Reels (Price: $500 per package of 1000 Reels); Youtube Education Videos (Price: $500 per package of 500 videos) We have filed this form before the deadline but was rejected due to "wrong accounting date". When we called IRS to inquire into this issue, we were informed that it was due to the fact that the 501c3 status was not received by our non-profit organization, Sacred Virtue Way Institute Inc. then. Today we have received the 501c3 status Determination Letter which indicated that the accounting period ending date is December 31, as we originally reported. So we here resubmit the original submitted form. Please feel free to contact us if you have further questions. Dr. Lotus King Weiss, Ph.D. President Sacred Virtue Way Institute www.SVWI.org www.thewholeelephant.info 9296091052