Nonprofit · EIN 47-5267415
KWON FOUNDATION INC
Tax-exempt · PRT WASHINGTN, NY 11050
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $418,542 | $439,987 | -$21,445 | $217,579 | $2,950,380 | -$2,732,801 |
| December 31, 2024 | 990-PF | $406,316 | $379,547 | $26,769 | $169,236 | $2,880,592 | -$2,711,356 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Interest
- $1,618
- Net rental income
- $59,701
Expenses
- Grants and similar amounts paid
- $71,850
- Disbursements for charitable purposes
- $71,850
- Excise tax on investment income
- $22
Balance sheet and other
- Total assets, start of year
- $169,236
- Total assets, end of year
- $217,579
- Total liabilities, end of year
- $2,950,380
- Net assets, end of year
- -$2,732,801
- Fair market value of assets
- $4,631,822
- Qualifying distributions
- $71,850
- Net investment income
- $1,618
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TAE JIN KWON 51 WEST OVERLOOK, PORT WASHINGTON, NY 11050 | PRESIDENT | 6 | $0 |
| MIN OK KWON 51 WEST OVERLOOK, PORT WASHINGTON, NY 11050 | TREASURER/SE | 3 | $0 |
| YOUNG KOOK KWON 51 WEST OVERLOOK, PORT WASHINGTON, NY 11050 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TAE JIN KWON 51 WEST OVERLOOK, PORT WASHINGTON, NY 11050 | PRESIDENT | 5 | $0 |
| MIN OK KWON 51 WEST OVERLOOK, PORT WASHINGTON, NY 11050 | TREASURER/SE | 4 | $0 |
| YOUNG KOOK KWON 51 WEST OVERLOOK, PORT WASHINGTON, NY 11050 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 51 W OVERLOOK, PRT WASHINGTN, NY 11050-4701
- Signed the 990-PF
- TAE JIN KWON, PRESIDENT
- Phone
- (516) 883-1142
- Return prepared by
- KIM & HO CPA'S PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 47-5267415
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $217,579
- Income (IRS master file)
- $418,542
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $418,542 | $439,987 | $217,579 | IRS |
| 990-T | December 2025 | – | – | – | IRS |
| 990-PF | December 2024 | $406,316 | $379,547 | $169,236 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $332,950 | $396,367 | $154,761 | IRS |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | 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 47-5267415).
Questions about KWON FOUNDATION INC
- What is the EIN of KWON FOUNDATION INC?
- The employer identification number (EIN) of KWON FOUNDATION INC is 47-5267415.
- Is KWON FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to KWON FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KWON FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KWON FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KWON FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of KWON FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does KWON FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $418,542, expenses of $439,987 and total assets of $217,579 at year end.
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