Nonprofit · EIN 61-1547835
W7 FOUNDATION
Also known as NORTH KOREA AID MISSION
Tax-exempt (reinstated) · WASHINGTON, DC 20009
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $6,038 | $31,062 | -$25,024 | $126,311 | – | $126,311 |
| December 31, 2023 | 990-EZ | $52,883 | $10,045 | $42,838 | $145,107 | – | $145,107 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,000
- Investment income
- $5,086
- Net gain from sales of assets
- -$48
Expenses
- Grants and similar amounts paid
- $15,000
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $16,062
- Program services (functional)
- $30,182
Balance sheet and other
- Total assets, start of year
- $145,107
- Total assets, end of year
- $126,311
- Total liabilities, end of year
- –
- Net assets, end of year
- $126,311
- Cash, savings and investments
- $126,311
- Gross receipts
- $14,058
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WOONG R KANG | PRESIDENT | 1 | $0 |
990-EZ for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WOONG R KANG | PRESIDENT | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1854 ONTARIO PL NW, WASHINGTON, DC 20009-2109
- In care of
- % W ROBERT KANG
- Signed the 990-EZ
- WOONG R KANG, PRESIDENT
- Phone
- (202) 518-6922
- Return prepared by
- FARMER FIRST & VINING PC CPA'S
Mission
TO FUND SCHOLARSIPS FOR COLLEGE BOUND STUDENTS
Program accomplishments
- PAID OUT AS SCHOLARSHIPS FOR 5 COLLEGE BOUND STUDENTSExpenses $30,182 · grants $15,000
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 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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 61-1547835
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- International, foreign affairs and national security (Q30)
- Assets (IRS master file)
- $126,311
- Income (IRS master file)
- $14,058
Revocation and reinstatement
- Exemption revoked
- May 15, 2010
- Posted by the IRS
- July 15, 2014
- Reinstated
- Effective May 15, 2010
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-EZ | December 2024 | $6,038 | $31,062 | $126,311 | IRS |
| 990-EZ | December 2023 | $52,883 | $10,045 | $145,107 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-EZ | December 2017 | – | – | – | 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 61-1547835).
Questions about W7 FOUNDATION
- What is the EIN of W7 FOUNDATION?
- The employer identification number (EIN) of W7 FOUNDATION is 61-1547835.
- Is W7 FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective May 15, 2010.
- Are donations to W7 FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does W7 FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of W7 FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did W7 FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of W7 FOUNDATION?
- The 990-EZ for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does W7 FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $6,038, expenses of $31,062 and total assets of $126,311 at year end.
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