2025-10-28T12:10:37-05:00 2024-12-31 541498950 RENNER AND COMPANY CPA PC 700 NORTH FAIRFAX STREET SUITE 400 ALEXANDRIA VA 22314 990 2024-01-01 521956689 GEN RICHARD G STILLWELL KOREAN WAR VETERANS MEMORIAL FOUNDATION GENR 5719825291 950 N WASHINGTON ST 220 ALEXANDRIA VA 22314 SEUNG JOON LEE PRESIDENT 5719825291 2025-10-24 1 1 ANDREW E YOUNG CPA P01203950 7035351200 2025-10-24 2024 2025-03-06 01:10:19Z SEUNG JOON LEE 950 N WASHINGTON ST 220 ALEXANDRIA VA 22314 114696 0 X HTTPS://KOREANWARVETSMEMORIAL.ORG/ X 1995 DC THE MISSION OF THE FOUNDATION IS TO HONOR, PRESERVE AND EDUCATE THE PUBLIC ABOUT THE COURAGE AND SACRIFICE OF THOSE WHO FOUGHT FOR A PEOPLE THEY HAD NEVER MET IN A COUNTRY THEY DID NOT KNOW. 7 7 5 19 0 0 160474 25201 0 0 92791 90327 -196000 -832 57265 114696 0 0 0 0 324833 292755 0 0 96607 216259 278496 541092 571251 -483827 -456555 29432341 28790682 5572367 5387263 23859974 23403419 THE MISSION OF THE FOUNDATION IS TO HONOR, PRESERVE, AND EDUCATE THE PUBLIC ABOUT THE COURAGE AND SACRIFICE OF THOSE WHO FOUGHT FOR A PEOPLE THEY HAD NEVER MET IN A COUNTRY THEY DID NOT KNOW. 0 0 293265 THE FOUNDATION SUPPORTS THE MAINTENANCE OF THE KOREAN WAR VETERANS MEMORIAL WHICH IS OWNED BY THE US PARK SERVICE AND CONDUCTS ACTIVITIES TO RAISE AWARENESS AND EDUCATE THE PUBLIC ABOUT THE KOREAN WAR. THE FOUNDATION BEGAN REFURBISHMENTS TO THE ORIGINAL MEMORIAL AND ALSO BEGAN CONSTRUCTION OF THE WALL OF REMEMBRANCE, AN ADDITION TO THE EXISTING MEMORIAL. 293265 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 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 0 0 0 0 0 1 8 0 1 5 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 CA CO FL HI IL ME MD MA MN MS NV NH NJ NY NC ND OH OK OR PA RI SC UT VA WA WV WI X NATHAN WALTON 5719825291 950 NORTH WASHINGTON STREET SUITE ALEXANDRIA VA 22314 COL RICHARD W DEAN II USA R VICE-CHAIRMAN/CONSTRUCTION 20.00 X X 0 0 0 LTG BERNARD S CHAMPOUX USA R VICE-CHAIRMAN 5.00 X X 0 0 0 GEN JOHN H TILELLI JR USA R CHAIRMAN 10.00 X X 0 0 0 MARK WILLIAM LIPPERT BOARD MEMBER 5.00 X 0 0 0 SUNNY PARK BOARD MEMBER 5.00 X 0 0 0 COL LOUIS BERMAN USA R BOARD MEMBER 5.00 X 0 0 0 THOMAS S KIM BOARD MEMBER 5.00 X 0 0 0 SEUNG JOON LEE PRESIDENT 40.00 X 100000 0 0 100000 0 0 0 0 0 0 WHITING- TURNER 300 EAST JOPPA ROAD BALTIMORE MD 21286 CONSTRUCTION 158083 1 125 25076 25201 90327 90327 RESTRICTED INCOME CHAN 900099 -832 -832 -832 114696 -832 0 90327 100000 75000 5000 20000 170000 66750 66750 36500 22755 11946 6047 4762 1327 1327 54413 54413 19346 15101 4245 1441 757 383 301 6273 3293 1667 1313 34983 18869 9015 7099 9805 5148 2605 2052 10530 4298 4519 1713 MEMORIAL EVENTS 83324 83324 WEB/SOCIAL MEDIA MANAGE 42236 22174 11224 8838 FUNDRAISING EXPENSES 9784 9784 PAYROLL PROCESSING FEE 3106 3106 1928 1706 222 571251 293265 181379 96607 10149996 9496326 1041155 1089320 2100 3618 7752 4796 49822 9805 0 40017 18231338 18156605 29432341 28790682 178479 19365 5393888 5367898 5572367 5387263 X 4123037 3666061 19736937 19737358 23859974 23403419 29432341 28790682 -456555 0 X 0 1 X 1 0 X 2019223 19233609 2565791 160474 23508 24002605 2019223 19233609 2565791 160474 23508 24002605 1143311 22859294 62586 20578 9274 92791 90329 275558 24278163 34129 0.94160 0.94750 X 1000000 1000000 1000000 1000000 1000000 1000000 1000000 1000000 1000000 1000000 1.00000 0 0 49822 9805 40017 40017 WALL OF REMEMBRANCE - CAPITALIZED COSTS, DESIGN AND CONSTRUCTION 18135539 RIGHT OF USE ASSET 21066 18156605 ESTIMATED LIABILITY TO REPUBLIC OF KOREA 5346832 LEASE LIABILITY 21066 5367898 X 114696 0 114696 0 114696 571251 0 571251 0 571251 PART V, LINE 4: THE PRINCIPAL OF THIS DONOR RESTRICTED ENDOWMENT IS TO BE HELD IN PERPETUITY AND THE EARNINGS ARE TO BE USED FOR UNRESTRICTED PURPOSES. PART X, LINE 2: THE FOUNDATION FOLLOWS THE AUTHORITATIVE GUIDANCE RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES INCLUDED IN ASC TOPIC 740-10, INCOME TAXES. THESE PROVISIONS PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IT IS THE FOUNDATION'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSES. THE FOUNDATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2023 AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION ON THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. THE STATUTE OF LIMITATIONS GENERALLY REMAINS OPEN FOR THREE TAX YEARS WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE FOUNDATION FILES TAX RETURNS. FORM 990, PART X LINE 15 THE TOTAL BALANCE OF OTHER ASSETS IS DESCRIBED IN PART IX. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS A DRAFT OF THE 990 THEN PROVIDES A COPY TO THE BOARD FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE PRESIDENT MONITORS AND ENFORCES THE CONFLICT OF INTEREST POLICY AT LEAST ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST