Nonprofit · EIN 42-0982442
FRIENDS OF SEOUL FOREIGN SCHOOL INC
Tax-exempt · MASON CITY, IA 50401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $377,811 | $341,439 | $36,372 | $4,662,912 | $0 | $4,662,912 |
| June 30, 2024 | 990 | $284,726 | $226,880 | $57,846 | $4,381,089 | $0 | $4,381,089 |
| June 30, 2023 | 990 | $175,275 | $196,098 | -$20,823 | $4,056,511 | $0 | $4,056,511 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $85,855
- Program service revenue
- $0
- Investment income
- $291,956
- Net gain from sales of assets
- $157,838
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $301,706
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,800
- Program services (functional)
- $301,706
- Management and general (functional)
- $39,733
Balance sheet and other
- Total assets, start of year
- $4,381,089
- Total assets, end of year
- $4,662,912
- Total liabilities, end of year
- $0
- Net assets, end of year
- $4,662,912
- Publicly traded securities
- $4,655,262
- Gross receipts
- $464,489
- Employees
- 0
- Volunteers
- 7
- Year formed
- 1970
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER DOROW | PRESIDENT Trustee or director, Officer | 1 | $0 |
| ABBY FITTS | SECRETARY Trustee or director, Officer | 1 | $0 |
| DEBBIE GIM | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| JOHN LEE | MEMBER Trustee or director | 1 | $0 |
| HARLAN LYSO | TREASURER Trustee or director, Officer | 2 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER DOROW | PRESIDENT Trustee or director, Officer | 1 | $0 |
| ABBY FITTS | SECRETARY Trustee or director, Officer | 1 | $0 |
| DEBBIE GIM | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| JOHN LEE | MEMBER Trustee or director | 1 | $0 |
| HARLAN LYSO | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ABBY FITTS | SECRETARY Trustee or director, Officer | 1 | $0 |
| PETER DOROW | PRESIDENT Trustee or director, Officer | 1 | $0 |
| DR HARLAN LYSO | TREASURER Trustee or director, Officer | 1 | $0 |
| DEBBIE GIM | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| JOHN LEE | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4700 4TH ST SW STE A, MASON CITY, IA 50401-7356
- Principal officer (990 for 2024)
- HARLAN LYSO, 4441 N VEREDA ROSADA, TUCSON, AZ 85750
- Signed the 990
- HARLAN LYSO, TREASURER
- Phone
- (509) 388-6603
- Return prepared by
- HARRISON & ASSOCIATES CPAS PLLC
Mission
ASSISTANCE TO SEOUL FORIEGN SCHOOL
Program accomplishments
- PROVIDE FINANCIAL ASSISTANCE TO SEOUL FORIEGN SCHOOL FOR OPERATIONS AND SCHOLARSHIPS.Expenses $301,706 · grants $301,706
- N/A
- N/A
- N/A
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 42-0982442
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1972
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q113)
- Assets (IRS master file)
- $4,662,912
- Income (IRS master file)
- $464,489
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $377,811 | $341,439 | $4,662,912 | XML |
| 990 | June 2024 | $284,726 | $226,880 | $4,381,089 | XML |
| 990 | June 2023 | $175,275 | $196,098 | $4,056,511 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-0982442).
Questions about FRIENDS OF SEOUL FOREIGN SCHOOL INC
- What is the EIN of FRIENDS OF SEOUL FOREIGN SCHOOL INC?
- The employer identification number (EIN) of FRIENDS OF SEOUL FOREIGN SCHOOL INC is 42-0982442.
- Is FRIENDS OF SEOUL FOREIGN SCHOOL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1972.
- Are donations to FRIENDS OF SEOUL FOREIGN SCHOOL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRIENDS OF SEOUL FOREIGN SCHOOL INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRIENDS OF SEOUL FOREIGN SCHOOL INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRIENDS OF SEOUL FOREIGN SCHOOL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FRIENDS OF SEOUL FOREIGN SCHOOL INC?
- The 990 for the year ended June 30, 2025 names HARLAN LYSO.
- Who are the officers and directors of FRIENDS OF SEOUL FOREIGN SCHOOL INC?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does FRIENDS OF SEOUL FOREIGN SCHOOL INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $377,811, expenses of $341,439 and total assets of $4,662,912 at year end.
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All nonprofits in MASON CITY · Iowa · International, foreign affairs and national security