Kun Corporation: Nonprofit Profile, Financials & Form 990 (EIN 83-2007467)

Revenue by fiscal year
FY2020	$400K
FY2021	−$29K

Expenses by fiscal year
FY2020	$424K
FY2021	$257K

Net assets by fiscal year
FY2020	$285K
FY2021	$0

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

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

Where the money goes

70 cents of each dollar spent went to programs.

70%

20%

Program services 70% · $180K Management & general 20% · $51K Fundraising 10% · $26K

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation

Junkun Ye

Director

$0Pt VII · Sec A

Liqiong Wu

Director

$0Pt VII · Sec A

Rongyu Qiu

Director

$0Pt VII · Sec A

See Kun Corporation executive salaries →

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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 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Fosters cultural exchange and understanding to build international friendship and goodwill.

Provided by the organization

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1 program service account for $180K of program spending, described in the organization's own filed words · FY2021.

01

To promote cultural exchange and mutual understanding for international friendship and goodwill.

$180Kprogram expense

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By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

−$29K

Ln 12

Gifts and grantsLn 1h$900

Money outPt IX

$257K

Ln 25

Programscol B$180K

Managementcol C$51K

Fundraisingcol D$26K

Owns and owesPt X

$0

net assets · Ln 32

Total assetsLn 16$0

LiabilitiesLn 26$0

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$900

Gains on assetsLn 7−$77K

Total revenueLn 12−$29K

Assets in detailPt X, end of year

CashLn 1$0

Total assetsLn 16$0

LiabilitiesLn 26$0

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 53

VolunteersI 65

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$91K	$0
Total assetsLn 16	$285K	$0
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$285K	$0

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$101K	$71K	$20K	$10K
Other employee benefitsLn 9	$6K	$4K	$1K	$571
Payroll taxesLn 10	$9K	$6K	$2K	$918
Management feesLn 11a	$3K	$2K	$580	$290
Legal feesLn 11b	$4K	$3K	$900	$450
Accounting feesLn 11c	$1K	$700	$200	$100
Office expensesLn 13	$21K	$15K	$4K	$2K
Information technologyLn 14	$1K	$776	$222	$111
OccupancyLn 16	$63K	$44K	$13K	$6K
TravelLn 17	$12K	$8K	$2K	$1K
Depreciation, depletion and amortizationLn 22	$17K	$12K	$3K	$2K
InsuranceLn 23	$19K	$13K	$4K	$2K
Total functional expensesLn 25	$257K	$180K	$51K	$26K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2021 Latest Viewing	−$29K	$257K	−$286K	$0	990 PDF
FY2020	$400K	$424K	−$24K	$285K	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2021 990 (4 parts)

Part VIII · Statement of revenue −$28,611 across 5 lines filed

VIII-1f All other contributions, gifts and grants$900

VIII-1h Total contributions, gifts and grants$900

VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business −$77,011 · Excluded from tax $0−$77,011

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $47,500 · Unrelated business $0 · Excluded from tax $0$47,500

VIII-12 Total revenueRelated to mission $47,500 · Unrelated business −$77,011 · Excluded from tax $0−$28,611

Part IX · Statement of functional expenses $256,953 across 12 lines filed

IX-7 Other salaries and wagesPrograms $70,560 · Management $20,160 · Fundraising $10,080$100,800

IX-9 Other employee benefitsPrograms $3,997 · Management $1,142 · Fundraising $571$5,710

IX-10 Payroll taxesPrograms $6,427 · Management $1,837 · Fundraising $918$9,182

IX-11a Management feesPrograms $2,032 · Management $580 · Fundraising $290$2,902

IX-11b Legal feesPrograms $3,150 · Management $900 · Fundraising $450$4,500

IX-11c Accounting feesPrograms $700 · Management $200 · Fundraising $100$1,000

IX-13 Office expensesPrograms $14,586 · Management $4,168 · Fundraising $2,084$20,838

IX-14 Information technologyPrograms $776 · Management $222 · Fundraising $111$1,109

IX-16 OccupancyPrograms $44,240 · Management $12,640 · Fundraising $6,320$63,200

IX-17 TravelPrograms $8,324 · Management $2,378 · Fundraising $1,189$11,891

IX-22 Depreciation, depletion and amortizationPrograms $12,096 · Management $3,456 · Fundraising $1,728$17,280

IX-23 InsurancePrograms $12,979 · Management $3,708 · Fundraising $1,854$18,541

IX-25 Total functional expensesPrograms $179,867 · Management $51,391 · Fundraising $25,695$256,953

Part X · Balance sheet $0 assets, 6 lines filed

X-1 Cash, non-interest-bearingStart of year $90,899$0

X-16 Total assetsStart of year $285,190$0

X-17 Accounts payable and accrued expensesStart of year $0$0

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $285,190$0

X-33 Total liabilities and net assetsStart of year $285,190$0

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

XI-1 Total revenue−$28,611

XI-2 Total expenses$256,953

XI-3 Revenue less expenses−$285,564

XI-4 Net assets at start of year$285,190

XI-8 Prior period adjustments$374

XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Kun Corporation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

By the numbers

Filing history

Schedules filed Part IV