Education for Next Generation Organization: Nonprofit Profile, Financials & Form 990 (EIN 46-4367797)

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $874K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation

Ronnie Seok Park

President

$0Pt VII · Sec A

Sally Y Park

Secretary

$0Pt VII · Sec A

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides libraries and educational programs for children and adults.

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Provided by the organization

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1 program · $874K · in their own filed words · FY2020

01

Charitable contribution and scholarship

$874Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking

Grants paid · 1 grant · $10K · 2020–2020

Youth Volunteers OrganizationCA · FY2020$10,000

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$28K

Ln 12

Investment incomeLn 3$28K

Money outPt IX

$874K

Ln 25

Programscol B$874K

Owns and owesPt X

$0

net assets · Ln 32

Total assetsLn 16$0

LiabilitiesLn 26$0

PeoplePt VI, VII

2

listed · VII A

PaidVII A0

Voting boardVI 1a2

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Investment incomeLn 3$28K

Total revenueLn 12$28K

Assets in detailPt X, end of year

CashLn 1$0

InvestmentsLn 11–13$0

Total assetsLn 16$0

LiabilitiesLn 26$0

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 50

VolunteersI 62

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$22K	$0
InvestmentsLn 11–13	$824K	$0
Total assetsLn 16	$846K	$0
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$846K	$0

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$874K	$874K
Other expenses (24a–d)Ln 24	$0	$0	$0	$0
Total functional expensesLn 25	$874K	$874K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2020 Latest Viewing	$28K	$874K	−$846K	$0	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $28,238 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $5,000$0

I-9 Program service revenue$0

I-10 Investment incomePrior year $173,694$28,238

I-11 Other revenue$0

I-12 Total revenuePrior year $178,694$28,238

I-13 Grants and similar amounts paidPrior year $45,525$874,408

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $1,400$0

I-18 Total expensesPrior year $46,925$874,408

I-19 Revenue less expensesPrior year $131,769−$846,170

Part VI · Governance 0 of 2 board members independent, 5 to look at

VI-1a Voting members of the governing body2

VI-1b Independent voting members0

VI-2 Family or business relationship among officers or directorsYes

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

Part VIII · Statement of revenue $28,238 across 2 lines filed

VIII-3 Investment incomeUnrelated business $28,238 · Excluded from tax $0$28,238

VIII-12 Total revenueRelated to mission $0 · Unrelated business $28,238 · Excluded from tax $0$28,238

Part IX · Statement of functional expenses $874,408 across 2 lines filed

IX-1 Grants to domestic organizationsPrograms $874,408$874,408

IX-24 Other expenses (24a–d)Programs $0 · Management $0 · Fundraising $0$0

IX-25 Total functional expensesPrograms $874,408 · Management $0 · Fundraising $0$874,408

Part X · Balance sheet $0 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $22,170$0

X-12 Other securitiesStart of year $824,000$0

X-16 Total assetsStart of year $846,170$0

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $846,170$0

X-32 Total net assets or fund balancesStart of year $846,170$0

X-33 Total liabilities and net assetsStart of year $846,170$0

Part XI · Reconciliation of net assets $0 net assets at year end

XI-1 Total revenue$28,238

XI-2 Total expenses$874,408

XI-3 Revenue less expenses−$846,170

XI-4 Net assets at start of year$846,170

XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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