2024-11-13T14:59:15-06:00 2023-12-31 202227407 CKP LLP 3435 WILSHIRE BL STE 2240 LOS ANGELES CA 90010 990 2023-01-01 260385131 KAIST US FOUNDATION INC KAIS 2134809100 CO CKP 3435 WILSHIRE BLVD 2240 LOS ANGELES CA 90010 MAN-SUNG YIM PRESIDENT 2134809100 2024-11-13 1 1 KIHO CHOI P00545677 2134809100 2023 2024-10-15 13:58:12Z MAN-SUNG YIM 3003 N 1ST ST SAN JOSE CA 95134 166666 0 X N/A X 2007 MA THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES, TO THE BENEFIT, TO PERFORM FUNCTIONS, OR TO CARRY OUT THE CHARITABLE PURPOSES OF THE KOREA ADVANCED INSTITUTE OF SCIENCE AND TECHNOLOGY (KAIST) AND ANY OTHER EDUCATIONAL INSTITUTION. 5 5 0 0 0 0 75000 51300 0 0 0 0 112006 115366 187006 166666 0 20000 0 0 0 0 0 0 0 123452 119760 123452 139760 63554 26906 1686009 1713265 27836 28186 1658173 1685079 X THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES, TO THE BENEFIT, TO PERFORM FUNCTIONS, OR TO CARRY OUT THE CHARITABLE PURPOSES OF THE KOREA ADVANCED INSTITUTE OF SCIENCE AND TECHNOLOGY (KAIST) AND ANY OTHER EUDUCATIONAL INSTITUTIONS. 0 0 20000 20000 THE FOUNDATION DONATED TO KAIST DEVELOPMENT FOUNDATION FOR THE PURPOSE OF NUCLEAR NONPROLIFERATION NUCLEAR SECURITY LAB DEVELOPMENT FUND. THE FOUNDATION DONATES TO KAIST DEVELOPMENT FOUNDATION FOR THE PURPOSE OF CHI, YOUNGSUK CAMBODIAN VOLUNTEERS PROGRAM SPONSORSHIP. NO DONATE WAS MADE IN 2023. THE FOUNDATION DONATEDS TO KAIST DEVELOPMENT FOUNDATION FOR THE PURPOSE OF KAIST, KEIO, TSINGHUA (KKT) WORKSHOP. NO DONATION WAS MADE IN 2023. 20000 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 MA CA X KIHO CHOI 2134809100 3435 WILSHIRE BLVD STE 2240 LOS ANGELES CA 90010 X MAN-SUNG YIM PRESIDENT/SECRETARY 5.00 X X 0 0 0 JEWOO KIM TREASURER/DIRECTOR 5.00 X X 0 0 0 YOUNGSUK CHI CHAIRMAN 5.00 X 0 0 0 KWANG HYUNG LEE DIRECTOR 5.00 X 0 0 0 TERRI KIM DIRECTOR 5.00 X 0 0 0 0 0 0 0 0 0 0 0 51300 51300 115366 0 115366 115366 115366 166666 115366 0 0 20000 20000 743 743 11200 11200 50375 50375 7338 7338 LICENSES AND TAXES 33105 33105 FACILITY MANAGEMENT SER 16490 16490 BANK CHARGE 509 509 139760 20000 119760 0 142690 220321 1935000 458750 1526625 1476250 16694 16694 1686009 1713265 10500 10850 17336 17336 27836 28186 X 1658173 1685079 1658173 1685079 1686009 1713265 26906 0 X X 1 X 0 1 0 X 130950 5500 260000 75000 51300 522750 130950 5500 260000 75000 51300 522750 522750 52008 105576 108744 112006 115366 493700 1016450 0.51430 0.65630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 423765 423765 1511235 458750 1052485 1476250 SCHEDULE D, PART XIII FIN 48 FOOTNOTE: ON JANUARY 1, 2009, THE FOUNDATION ADOPTED THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX PROVISIONS AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, WITH NO CUMULATIVE EFFECT ADJUSTMENT REQUIRED. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE FOUNDATION HAS ANALYZED THE TAX POSITIONS TAKEN IN ITS FILINGS WITH THE IRS AND STATE JURISDICTIONS WHERE IT OPERATES. THE FOUNDATION BELIEVES THAT ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE AFFECT ON THE FOUNDATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE FOUNDATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2023. 0 SOUTH KOREA THE FOUNDATION DONATED TO KAIST DEVELOPMENT FOUNDATION (KOREA) AS A PROGRAM SERVICE. NUCLEAR NONPROLIFERATION NUCLEAR SECURITY LAB DEVELOPMENT FUND 20000 0 0 0 0 0 0 20000 0 20000 SOUTH KOREA THE FOUNDATION DONATED TO KAIST DEVELOPMENT FOUNDATION (KOREA) AS A PROGRAM SERVICE FOR THE PURPOSE OF NUCLEAR NONPROLIFERATION NUCLEAR SECURITY LAB DEVELOPMENT FUND. 20000 WIRE THROUGH FINANCIAL INSTITUTION 0 0 0 0 0 0 0 PART I, LINE 2: THE CHAIRMAN AND A BOARD MEMBER REVIEW AND FOLLOW UP ON THE GRANTS DISBURSED TO THE BENEFICIARIES TO ENSURE THAT RESTRICTED FUNDS WERE PROPERLY USED BY KAIST DEVELOPMENT FOUNDATION (KOREA). FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURN IS PRESENTED TO GOVERNING BODY OF THE ORGANIZATION BEFORE FILING FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS/CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. THE GOVERNING BOARD REQUIRES ALL BOARD MEMBERS TO FILE AN ANNUAL STATEMENT OF COMPLIANCE WITH THE ORGAIZATION'S POLICIES. ADDITIONALY, THE ORGANIZATION MONITORS THE STATUS OF BOARD OF DIRECTOR MEMBERS FOR ANY CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAINTAINS BOARD OF DIRECTORS MEETING MINUTES AS WELL THE SIGNATURE OF ALL BOARD MEMBERS. THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT OVERSEES FINANCIAL STATEMENTS REVIEW. THERE WERE CHANGES IN THE COMMITTEE IN FISCAL YEAR 2023.