Kun Corporation: FY2020 Nonprofit Profile & 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% · $296K Management & general 20% · $85K Fundraising 10% · $42K

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

Yijun Zhang

Director

$0Pt VII · Sec A

Jun Kun Ye

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.

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Provided by the organization

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1 program · $296K · in their own filed words · FY2020

01

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

$296Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$400K

Ln 12

Gifts and grantsLn 1h$400K

Money outPt IX

$424K

Ln 25

Programscol B$296K

Managementcol C$85K

Fundraisingcol D$42K

Owns and owesPt X

$285K

net assets · Ln 32

Cash and savingsLn 1–2$91K

Total assetsLn 16$285K

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$400K

Total revenueLn 12$400K

Assets in detailPt X, end of year

CashLn 1$91K

Cash and savings togetherLn 1–2$91K

Land, buildings, equipmentLn 10c$194K

Total assetsLn 16$285K

LiabilitiesLn 26$0

Net assetsLn 32$285K

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 FY20	End FY20
Cash and savingsLn 1–2	$86K	$91K
Land, buildings, equipmentLn 10c	$223K	$194K
Total assetsLn 16	$312K	$285K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$312K	$285K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$0	$0
Other salaries and wagesLn 7	$199K	$139K	$40K	$20K
Other employee benefitsLn 9	$5K	$4K	$1K	$508
Payroll taxesLn 10	$16K	$11K	$3K	$2K
Management feesLn 11a	$12K	$8K	$2K	$1K
Legal feesLn 11b	$13K	$9K	$3K	$1K
Accounting feesLn 11c	$2K	$1K	$336	$168
Office expensesLn 13	$32K	$22K	$6K	$3K
Information technologyLn 14	$109	$76	$22	$11
OccupancyLn 16	$75K	$52K	$15K	$7K
TravelLn 17	$20K	$14K	$4K	$2K
Depreciation, depletion and amortizationLn 22	$29K	$20K	$6K	$3K
InsuranceLn 23	$22K	$15K	$4K	$2K
Total functional expensesLn 25	$424K	$296K	$85K	$42K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2021 Latest	−$29K	$257K	−$286K	$0	990 PDF
FY2020 Viewing	$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 FY2020 990 (6 parts)

Part I · Summary $400,000 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $318,800$400,000

I-9 Program service revenue$0

I-10 Investment income$0

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $318,800$400,000

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $207,878$220,569

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $162,912$202,989

I-18 Total expensesPrior year $370,790$423,558

I-19 Revenue less expensesPrior year −$51,990−$23,558

Part VI · Governance 3 of 3 board members independent, 1 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

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

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $400,000 across 3 lines filed

VIII-1f All other contributions, gifts and grants$400,000

VIII-1h Total contributions, gifts and grants$400,000

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$400,000

Part IX · Statement of functional expenses $423,558 across 13 lines filed

IX-1 Grants to domestic organizationsPrograms $0$0

IX-7 Other salaries and wagesPrograms $139,440 · Management $39,840 · Fundraising $19,920$199,200

IX-9 Other employee benefitsPrograms $3,556 · Management $1,016 · Fundraising $508$5,080

IX-10 Payroll taxesPrograms $11,402 · Management $3,258 · Fundraising $1,629$16,289

IX-11a Management feesPrograms $8,255 · Management $2,359 · Fundraising $1,179$11,793

IX-11b Legal feesPrograms $9,100 · Management $2,600 · Fundraising $1,300$13,000

IX-11c Accounting feesPrograms $1,175 · Management $336 · Fundraising $168$1,679

IX-13 Office expensesPrograms $22,053 · Management $6,301 · Fundraising $3,150$31,504

IX-14 Information technologyPrograms $76 · Management $22 · Fundraising $11$109

IX-16 OccupancyPrograms $52,220 · Management $14,920 · Fundraising $7,460$74,600

IX-17 TravelPrograms $14,003 · Management $4,001 · Fundraising $2,000$20,004

IX-22 Depreciation, depletion and amortizationPrograms $20,160 · Management $5,760 · Fundraising $2,880$28,800

IX-23 InsurancePrograms $15,050 · Management $4,300 · Fundraising $2,150$21,500

IX-25 Total functional expensesPrograms $296,490 · Management $84,713 · Fundraising $42,355$423,558

Part X · Balance sheet $285,190 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $85,674$90,899

X-9 Prepaid expenses and deferred chargesStart of year $2,759$0

X-10c Land, buildings and equipment, netStart of year $223,091$194,291

X-16 Total assetsStart of year $311,524$285,190

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

X-19 Deferred revenueStart of year $0$0

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $311,524$285,190

X-33 Total liabilities and net assetsStart of year $311,524$285,190

Part XI · Reconciliation of net assets $285,190 net assets at year end

XI-1 Total revenue$400,000

XI-2 Total expenses$423,558

XI-3 Revenue less expenses−$23,558

XI-4 Net assets at start of year$311,524

XI-10 Net assets at end of year$285,190

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

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Kun Corporation FY2020 filing

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

Questions for Kun Corporation

By the numbers

Filing history

Schedules filed Part IV