Nonprofit · EIN 46-1570174
KWON S FOUNDATION INC
Tax-exempt · ENGLEWOOD, NJ 07631
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $442,065 | $165,715 | $276,350 | $2,199,706 | $0 | $2,199,706 |
| December 31, 2024 | 990 | $794,610 | $148,217 | $646,393 | $1,923,356 | $0 | $1,923,356 |
| December 31, 2023 | 990 | $277,062 | $104,795 | $172,267 | $1,276,963 | $0 | $1,276,963 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $391,000
- Program service revenue
- $0
- Investment income
- $51,065
- Net gain from sales of assets
- -$645
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $159,485
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $159,485
- Management and general (functional)
- $6,230
Balance sheet and other
- Total assets, start of year
- $1,923,356
- Total assets, end of year
- $2,199,706
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,199,706
- Publicly traded securities
- $1,638,413
- Net assets without donor restrictions
- $2,199,706
- Gross receipts
- $568,024
- Employees
- 0
- Year formed
- 2012
- State of legal domicile
- NJ
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DO JUN HWANG | TRUSTEE MEMB Trustee or director | 1 | $0 |
| JOONG GAB KWON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| KONNIE NAM | TRUSTEE MEMB Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DO JUN HWANG | TRUSTEE MEMB Trustee or director | 1 | $0 |
| JOONG GAB KWON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| KONNIE NAM | TRUSTEE MEMB Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DO JUN HWANG | TRUSTEE MEMB Trustee or director | 1 | $0 |
| JOONG GAB KWON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| KONNIE NAM | TRUSTEE MEMB Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 360 S VAN BRUNT ST, ENGLEWOOD, NJ 07631-4613
- Mailing address (990-N for 2014)
- 360 S VAN BRUNT ST, ENGLEWOOD NJ 07631
- Principal officer (990 for 2025)
- JOONG GAB KWON, 22515 6TH AVE S UNIT 203, DES MOINES, WA 98198
- Principal officer (990-N for 2014)
- JOONG GAB KWON, 6 RIO VISTA DR, ALPINE NJ 07620
- Signed the 990
- JOONG GAB KWON, PRESIDENT
- Phone
- (201) 567-7780
- Return prepared by
- KIM LEE CPAS LLP
Mission
MAKING DISTRIBUTIONS TO QUALIFIED EXEMPT ORGANIZATIONS, SUPPORT OF COMMUNITY SENIOR CITIZENS AND DISABLED PEOPLE, AND AWARD OF SCHOLARSHIPS TO STUDENTS.
Program accomplishments
- MAKING DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONSExpenses $159,485 · grants $159,485
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 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 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-1570174
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $2,199,706
- Income (IRS master file)
- $568,024
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $442,065 | $165,715 | $2,199,706 | XML |
| 990 | December 2024 | $794,610 | $148,217 | $1,923,356 | XML |
| 990 | December 2023 | $277,062 | $104,795 | $1,276,963 | XML |
| 990 | December 2022 | $448,000 | $45,172 | $1,104,696 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2014 Officer: JOONG GAB KWON | December 31, 2014 | ≤ $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 46-1570174).
Questions about KWON S FOUNDATION INC
- What is the EIN of KWON S FOUNDATION INC?
- The employer identification number (EIN) of KWON S FOUNDATION INC is 46-1570174.
- Is KWON S FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to KWON S FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KWON S FOUNDATION 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 KWON S 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 S FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of KWON S FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names JOONG GAB KWON.
- Who are the officers and directors of KWON S FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does KWON S FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $442,065, expenses of $165,715 and total assets of $2,199,706 at year end.
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