Nonprofit · EIN 45-3089426
INTERNATIONAL SCHOOL OF BUSAN INC
Tax-exempt (reinstated) · NEWTON, MA 02461
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $37,060 | $56,013 | -$18,953 | $1,852,784 | $1,622 | $1,851,162 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $37,060
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $29,641
- Accounting fees
- $1,622
- Management and general (functional)
- $56,013
Balance sheet and other
- Total assets, start of year
- $1,828,943
- Total assets, end of year
- $1,852,784
- Total liabilities, end of year
- $1,622
- Net assets, end of year
- $1,851,162
- Gross receipts
- $37,060
- Employees
- 0
- Volunteers
- 10
- Year formed
- 2010
- State of legal domicile
- DE
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 |
|---|---|---|---|
| PAUL EDWARDS | CHAIRPERSON Trustee or director, Officer | 5 | $0 |
| EMMA GRANN | TREASURER Trustee or director, Officer | 5 | $0 |
| NOLAN BARKHOUSE | SECRETARY Trustee or director, Officer | 5 | $0 |
| STEVE MAUCERI | DIRECTOR Trustee or director | 1 | $0 |
| ROD RUOFF | DIRECTOR Trustee or director | 1 | $0 |
| MAGGIE SUN | DIRECTOR Trustee or director | 1 | $0 |
| ELISABETH DEVELAY | DIRECTOR Trustee or director | 1 | $0 |
| JEFF HARRISON | DIRECTOR Trustee or director | 1 | $0 |
| JEFF LIEBSCH | DIRECTOR Trustee or director | 1 | $0 |
| MIKYUNG SHIN | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- CO 1150 WALNUT STREET, NEWTON, MA 02461-0000
- In care of
- % HURWIT & ASSOCIATES
- Mailing address (990-N for 2017)
- 1150 walnut st, newton MA 02461
- Principal officer (990 for 2024)
- PAUL EDWARDS, C/O 1150 WALNUT STREET, NEWTON, MA 02461
- Principal officer (990-N for 2017)
- yong cha, 1150 walnut st, newton MA 02461
- Signed the 990
- PAUL EDWARDS, BOARD CHAIR
- Phone
- (617) 630-6900
- Return prepared by
- KAHN LITWIN RENZA & CO LTD
Mission
TO DEVELOP INQUIRING, RESPECTFUL AND KNOWLEDGEABLE INDIVIDUALS THROUGH A GLOBALLY RECOGNIZED INTERNATIONAL PROGRAM THAT ENCOURAGES ALL STUDENTS TO ACHIEVE THEIR INTELLECTUAL AND PERSONAL POTENTIAL.
Program accomplishments
- THE INTERNATIONAL SCHOOL OF BUSAN IS A PRIVATE SCHOOL FOR STUDENTS FROM ALL OVER THE WORLD FROM PRE-KINDERGARTEN THROUGH GRADE 12.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | Check at the IRS |
IRS record
- EIN
- 45-3089426
- 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
- 2025
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $1,852,784
- Income (IRS master file)
- $37,060
Revocation and reinstatement
- Exemption revoked
- November 15, 2021
- Posted by the IRS
- March 14, 2022
- Reinstated
- Effective November 15, 2021
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $37,060 | $56,013 | $1,852,784 | XML |
| 990-N for 2017 Officer: yong cha | June 30, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
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 45-3089426).
Questions about INTERNATIONAL SCHOOL OF BUSAN INC
- What is the EIN of INTERNATIONAL SCHOOL OF BUSAN INC?
- The employer identification number (EIN) of INTERNATIONAL SCHOOL OF BUSAN INC is 45-3089426.
- Is INTERNATIONAL SCHOOL OF BUSAN INC tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2021 and reinstated it effective November 15, 2021.
- Are donations to INTERNATIONAL SCHOOL OF BUSAN INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INTERNATIONAL SCHOOL OF BUSAN INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of INTERNATIONAL SCHOOL OF BUSAN 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 INTERNATIONAL SCHOOL OF BUSAN 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 INTERNATIONAL SCHOOL OF BUSAN INC?
- The 990 for the year ended June 30, 2025 names PAUL EDWARDS.
- Who are the officers and directors of INTERNATIONAL SCHOOL OF BUSAN INC?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does INTERNATIONAL SCHOOL OF BUSAN INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $37,060, expenses of $56,013 and total assets of $1,852,784 at year end.
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