Friends Of Seoul Foreign School Inc

Mason City, IA
Tax-exempt since Jan. 1972
EIN: 42-0982442

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: International, Foreign Affairs and National Security / Single Organization Support (NTEE)

Donations to this organization are tax deductible.

Revenue

$378k (2025)

Expenses

$341k (2025)

Total Assets

$4.66M (2025)

Total Liabilities

$0 (2025)

Source: Form 990 tax filings from 2011 to 2025

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2025

Revenue

$377,811

Expenses

$341,439

Net Income

$36,372

Net Assets

$4,662,912

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$85,855	22.7%
Program Services	$0
Investment Income	$134,118	35.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$157,838	41.8%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$4,662,912
Total Liabilities	$0
Net Assets	$4,662,912

Compensation

Key Employees and Officers	Compensation	Related	Other
Peter Dorow (President)	$0	$0	$0
Abby Fitts (Secretary)	$0	$0	$0
Debbie Gim (Vice Preside)	$0	$0	$0
John Lee (Member)	$0	$0	$0
Harlan Lyso (Treasurer)	$0	$0	$0

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990

Filed on Dec. 24, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2024

Revenue

$284,726

Expenses

$226,880

Net Income

$57,846

Net Assets

$4,381,089

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$48,721	17.1%
Program Services	$0
Investment Income	$117,238	41.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$118,767	41.7%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$4,381,089
Total Liabilities	$0
Net Assets	$4,381,089

Compensation

Key Employees and Officers	Compensation	Related	Other
Peter Dorow (President)	$0	$0	$0
Abby Fitts (Secretary)	$0	$0	$0
Debbie Gim (Vice Preside)	$0	$0	$0
John Lee (Member)	$0	$0	$0
Harlan Lyso (Treasurer)	$0	$0	$0

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990

Filed on Feb. 4, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2023

Revenue

$175,275

Expenses

$196,098

Net Income

-$20,823

Net Assets

$4,056,511

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$60,004	34.2%
Program Services	$0
Investment Income	$93,056	53.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$22,215	12.7%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$4,056,511
Total Liabilities	$0
Net Assets	$4,056,511

Compensation

Key Employees and Officers	Compensation	Related	Other
Abby Fitts (Secretary)	$0	$0	$0
Peter Dorow (President)	$0	$0	$0
Dr Harlan Lyso (Treasurer)	$0	$0	$0
Debbie Gim (Vice President)	$0	$0	$0
John Lee (Director)	$0	$0	$0

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990

Filed on Jan. 9, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2022

Revenue

$183,161

Expenses

$118,402

Net Income

$64,759

Net Assets

$3,821,598

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$44,399	24.2%
Program Services	$0
Investment Income	$108,922	59.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$29,840	16.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$3,821,598
Total Liabilities	$0
Net Assets	$3,821,598

Compensation

Key Employees and Officers	Compensation	Related	Other
Abby Fitts (Secretary)	$0	$0	$0
Peter Dorow (President)	$0	$0	$0
Dr Harlan Lyso (Treasurer)	$0	$0	$0
Debbie Gim (Vice President)	$0	$0	$0
John Lee (Director)	$0	$0	$0

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990

Filed on Nov. 8, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2021

Revenue

$354,811

Expenses

$296,531

Net Income

$58,280

Net Assets

$4,503,345

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$49,368	13.9%
Program Services	$0
Investment Income	$91,514	25.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$213,929	60.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$4,503,345
Total Liabilities	$0
Net Assets	$4,503,345

Compensation

Key Employees and Officers	Compensation	Related	Other
John Lee (Secretary)	$0	$0	$0
Ruth Richter (President)	$0	$0	$0
Dr Harlan Lyso (Treasurer)	$0	$0	$0
Peter Dorow (Vice President)	$0	$0	$0

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990

Filed on May 13, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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XML

Fiscal Year Ending June
2020

Revenue

$225,883

Expenses

$67,820

Net Income

$158,063

Net Assets

$3,832,267

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$46,400	20.5%
Program Services	$0
Investment Income	$90,475	40.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$89,008	39.4%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$3,832,267
Total Liabilities	$0
Net Assets	$3,832,267

Compensation

Key Employees and Officers	Compensation	Related	Other
John Lee (Secretary)	$0	$0	$0
Ruth Richter (President)	$0	$0	$0
Dr Harlan Lyso (Treasurer)	$0	$0	$0
Peter Dorow (Vice President)	$0	$0	$0

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990

Filed on Nov. 6, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2019

Revenue

$221,165

Expenses

$147,706

Net Income

$73,459

Net Assets

$3,669,089

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$128,250	58.0%
Program Services	$0
Investment Income	$93,296	42.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$381
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$3,669,089
Total Liabilities	$0
Net Assets	$3,669,089

Compensation

Key Employees and Officers	Compensation	Related	Other
John Lee (Secretary)	$0	$0	$0
Ruth Richter (President)	$0	$0	$0
Dr Harlan Lyso (Treasurer)	$0	$0	$0
Peter Dorow (Vice President)	$0	$0	$0

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990

Filed on May 7, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending June
2018

Revenue

$190,750

Expenses

$204,442

Net Income

-$13,692

Net Assets

$3,462,502

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$33,147	17.4%
Program Services	$0
Investment Income	$81,527	42.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$76,076	39.9%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$3,462,502
Total Liabilities	$0
Net Assets	$3,462,502

Compensation

Key Employees and Officers	Compensation	Related	Other
John Lee (Secretary)	$0	$0	$0
Ruth Richter (President)	$0	$0	$0
Dr Harlan Lyso (Treasurer)	$0	$0	$0
Peter Dorow (Vice President)	$0	$0	$0

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990

Filed on May 15, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2017

Revenue

$155,344

Expenses

$155,414

Net Income

-$70

Net Assets

$3,375,929

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$27,820	17.9%
Program Services	$0
Investment Income	$77,655	50.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$49,869	32.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$3,375,929
Total Liabilities	$0
Net Assets	$3,375,929

Compensation

Key Employees and Officers	Compensation	Related	Other
John Lee (Secretary)	$0	$0	$0
Ruth Richter (President)	$0	$0	$0
Dr Harlan Lyso (Treasurer)	$0	$0	$0

990

Filed on Jan. 24, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2016

Revenue

$82,558

Expenses

$29,617

Net Income

$52,941

Net Assets

$3,146,437

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$17,709	21.5%
Program Services	$0
Investment Income	$65,270	79.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$421
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$3,146,437
Total Liabilities	$0
Net Assets	$3,146,437

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael Distasio (Director)	$0	$0	$0
John Lee (Secretary)	$0	$0	$0
Ruth Richter (President)	$0	$0	$0
Dr Harlan Lyso (Treasurer)	$0	$0	$0

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990

Filed on Feb. 7, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2015

Revenue

$97,093

Expenses

$162,931

Net Income

-$65,838

Net Assets

$3,110,454

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$8,795	9.1%
Program Services	$0
Investment Income	$76,374	78.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$11,924	12.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$3,110,454
Total Liabilities	$0
Net Assets	$3,110,454

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2014

Revenue

$127,206

Expenses

$248,250

Net Income

-$121,044

Net Assets

$3,171,333

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$15,525	12.2%
Program Services	$0
Investment Income	$77,349	60.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$34,332	27.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$3,171,333
Total Liabilities	$0
Net Assets	$3,171,333

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2013

Revenue

$346,643

Expenses

$62,612

Net Income

$284,031

Net Assets

$2,931,408

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$18,675	5.4%
Program Services	$0
Investment Income	$99,593	28.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$228,375	65.9%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$2,931,408
Total Liabilities	$0
Net Assets	$2,931,408

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2012

Revenue

$120,292

Expenses

$59,564

Net Income

$60,728

Net Assets

$2,720,581

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$32,900	27.4%
Program Services	$0
Investment Income	$91,454	76.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$5,842
Net Inventory Sales	$0
Other Revenue	$1,780	1.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$2,720,581
Total Liabilities	$0
Net Assets	$2,720,581

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Revenue

$439,519

Expenses

$72,474

Net Income

$367,045

Net Assets

$2,740,001

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$10,456	2.4%
Program Services	$0
Investment Income	$80,195	18.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$40,659	9.3%
Net Inventory Sales	$0
Other Revenue	$308,209	70.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$2,740,001
Total Liabilities	$0
Net Assets	$2,740,001

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Friends Of Seoul Foreign School Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $378k (2025)

Expenses $341k (2025)

Total Assets $4.66M (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending June 2025

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2024

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2023

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2022

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2021

Extracted Financial Data

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Compensation

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990

Fiscal Year Ending June 2020

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2019

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2018

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2017

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2016

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2015

Extracted Financial Data

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Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2013

Revenue

$378k (2025)

Expenses

$341k (2025)

Total Assets

$4.66M (2025)

Total Liabilities

$0 (2025)

Fiscal Year Ending June
2025

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003

Fiscal Year Ending June
2002