Ahl Foundation INC FY2022 filing

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Search and build artist network while building a wider public awareness of korean and korean-american artists and their contributions to contemporary art by promoting the work of korean artists through visual art awards, project grants, fellowships, exhibitions and public commissions and building a community of supports and art enthusiasts through public lectures, workshops, museum tours, art history classes and educational cultural experiences for the members of the general public.

501(c)(3) charity; gifts are tax-deductible.
52¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $84K a year · 22% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
52%
of spending
Worth a look: 52% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
9 mo
of spending, in cash
Looks good: 9.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $97K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$100K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
29
of 29 voting members
Looks good: 29 of 29 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$672K
+286% vs prior year
Spent
$235K
To programs
52%
Net assets
$744K
By yearFY2020–FY2025
Revenue
$672K
FY2022▲ +286%
Tap a bar for its year
Revenue by fiscal year
FY2020$286K
FY2021$174K
FY2022$672K
FY2023$239K
FY2024$314K
FY2025$555K
Expenses
$235K
FY2022▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$253K
FY2021$217K
FY2022$235K
FY2023$229K
FY2024$255K
FY2025$546K
Net assets
$744K
FY2022▲ +141%
Tap a bar for its year
Net assets by fiscal year
FY2020$344K
FY2021$309K
FY2022$744K
FY2023$754K
FY2024$828K
FY2025$784K

From the FY2022 Form 990 (year ending July 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2003.

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

Where the money goes

52 cents of each dollar spent went to programs.

Program services 52% · $121K Management & general 44% · $103K Fundraising 5% · $11K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chairp
$0Pt VII · Sec A
See Ahl Foundation INC executive salaries →

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes Korean and Korean-American artists through awards, grants, exhibitions, and public engagement.

Questions for Ahl Foundation INC

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1 program · in their own filed words · FY2021
01

Ahl foundation, inc. Is the "organization endeavors to search and build artist network while building a wider public awareness of korean and korean-american artists and their contributions to contemporary art by promoting the work of korean artists through visual art awards, project grants, fellowships, exhibitions and public…

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 8 funders →
Grants paid · 5 grants · $219K · 2019–2023
Unitemized GrantFY2023$26,500
Unitemized GrantFY2022$65,500
Unitemized GrantFY2021$65,450
Unitemized GrantFY2020$43,000
Unitemized GrantFY2019$18,611

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$672K
Ln 12
Gifts and grantsLn 1h$475K
Fees for servicesLn 2g$169K
Other incomeLn 4–11$28K
Money outPt IX
$235K
Ln 25
Programscol B$121K
Managementcol C$103K
Fundraisingcol D$11K
Owns and owesPt X
$744K
net assets · Ln 32
Cash and savingsLn 1–2$184K
Total assetsLn 16$844K
LiabilitiesLn 26$100K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a29
IndependentVI 1b29
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$475K
Government grantsLn 1e$80K
Fees for servicesLn 2g$169K
Other incomeLn 4–11$28K
Total revenueLn 12$672K
Assets in detailPt X, end of year
CashLn 1$146K
SavingsLn 2$38K
Cash and savings togetherLn 1–2$184K
Land, buildings, equipmentLn 10c$660K
Total assetsLn 16$844K
LiabilitiesLn 26$100K
Net assetsLn 32$744K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJuly
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
LineStart FY22End FY22
Cash and savingsLn 1–2$309K$184K
Land, buildings, equipmentLn 10c$660K
Total assetsLn 16$309K$844K
LiabilitiesLn 26$0$100K
Net assetsLn 32$309K$744K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$65K$65K
Other salaries and wagesLn 7$36K$36K
Accounting feesLn 11c$4K$400$4K
Other fees for servicesLn 11g$62K$32K$23K$7K
Advertising and promotionLn 12$9K$5K$3K$1K
Office expensesLn 13$4K$929$3K
OccupancyLn 16$1K$1K
Depreciation, depletion and amortizationLn 22$10K$10K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$35K$7K$26K$3K
All other expensesLn 24e$3K$890$2K$720
Total functional expensesLn 25$235K$121K$103K$11K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 13, 2026 $555K$546K$9K$784K 990 PDF
FY2024Filed with the IRS Feb 13, 2025 $314K$255K$59K$828K 990 PDF
FY2023Filed with the IRS Feb 24, 2024 $239K$229K$10K$754K 990 PDF
FY2022 ViewingFiled with the IRS Jan 12, 2023 $672K$235K$437K$744K 990 PDF
FY2021Filed with the IRS Feb 9, 2022 $174K$217K−$43K$309K 990 PDF
FY2020Filed with the IRS Feb 9, 2021 $286K$253K$33K$344K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $671,613 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $45,367$475,172
I-9 Program service revenuePrior year $99,981$168,604
I-10 Investment incomePrior year $19$0
I-11 Other revenuePrior year $28,593$27,837
I-12 Total revenuePrior year $173,960$671,613
I-13 Grants and similar amounts paidPrior year $43,000$65,450
I-14 Benefits paid to members$0
I-15 Salaries and benefits$36,213
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $174,380$133,438
I-18 Total expensesPrior year $217,380$235,101
I-19 Revenue less expensesPrior year −$43,420$436,512
Part VI · Governance 29 of 29 board members independent, 4 to look at
VI-1a Voting members of the governing body29
VI-1b Independent voting members29
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
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $671,613 across 7 lines filed
VIII-1b Membership dues$17,000
VIII-1e Government grants$80,307
VIII-1f All other contributions, gifts and grants$377,865
VIII-1h Total contributions, gifts and grants$475,172
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $168,604$168,604
VIII-8 Net income from fundraising events$27,837
VIII-12 Total revenueRelated to mission $168,604$671,613
Part IX · Statement of functional expenses $235,101 across 11 lines filed
IX-2 Grants to domestic individualsPrograms $65,450$65,450
IX-7 Other salaries and wagesManagement $36,213$36,213
IX-11c Accounting feesPrograms $400 · Management $4,080$4,480
IX-11g Other fees for servicesPrograms $32,237 · Management $23,148 · Fundraising $6,610$61,995
IX-12 Advertising and promotionPrograms $4,701 · Management $2,815 · Fundraising $1,154$8,670
IX-13 Office expensesPrograms $929 · Management $3,126$4,055
IX-16 OccupancyManagement $1,457$1,457
IX-22 Depreciation, depletion and amortizationPrograms $10,026$10,026
IX-23 InsuranceManagement $4,284$4,284
IX-24 Other expenses (24a–d)Programs $6,726 · Management $25,911 · Fundraising $2,650$35,287
IX-24e All other expensesPrograms $890 · Management $1,574 · Fundraising $720$3,184
IX-25 Total functional expensesPrograms $121,359 · Management $102,608 · Fundraising $11,134$235,101
Part X · Balance sheet $844,453 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $122,378$146,294
X-2 Savings and temporary cash investmentsStart of year $186,192$37,906
X-10c Land, buildings and equipment, net$660,253
X-16 Total assetsStart of year $308,570$844,453
X-25 Other liabilities$100,000
X-26 Total liabilitiesStart of year $0$100,000
X-27 Net assets without donor restrictionsStart of year $308,570$744,453
X-32 Total net assets or fund balancesStart of year $308,570$744,453
X-33 Total liabilities and net assetsStart of year $308,570$844,453
Part XI · Reconciliation of net assets $744,453 net assets at year end
XI-1 Total revenue$671,613
XI-2 Total expenses$235,101
XI-3 Revenue less expenses$436,512
XI-4 Net assets at start of year$308,570
XI-8 Prior period adjustments−$629
XI-10 Net assets at end of year$744,453

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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