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Friends International Academic Cultural Exchange Inc

Organization summary

Type of Nonprofit

Designated as a 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: Youth Development / Youth Development Programs, Other (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$300 (2024)

Expenses
$544 (2024)

Total Assets
$22 (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2012 to 2024

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
2024

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$300
Expenses
$544
Net Income
-$244
Net Assets
$22
Notable Sources of Revenue Percent of Total Revenue
Contributions $300
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $22
Total Liabilities $0
Net Assets $22
Compensation
Key Employees and Officers Compensation Other
Kyunghee Lee (President) $0 $0

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$0
Expenses
$632
Net Income
-$632
Net Assets
$266
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $266
Total Liabilities $0
Net Assets $266
Compensation
Key Employees and Officers Compensation Other
Kyunghee Lee (President) $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$1,476
Expenses
$1,394
Net Income
$82
Net Assets
$82
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,476
100%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $82
Total Liabilities $0
Net Assets $82
Compensation
Key Employees and Officers Compensation Other
Kyunghee Lee (President) $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$11,603
Expenses
$10,780
Net Income
$823
Net Assets
$767
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,603
100%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $767
Total Liabilities $0
Net Assets $767
Compensation
Key Employees and Officers Compensation Other
Kyunghee Lee (President) $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$45,366
Expenses
$36,609
Net Income
$8,757
Net Assets
$7,603
Notable Sources of Revenue Percent of Total Revenue
Contributions $45,366
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $7,603
Total Liabilities $0
Net Assets $7,603
Compensation
Key Employees and Officers Compensation Other
Kyunghee Lee (President) $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$22,400
Expenses
$22,473
Net Income
-$73
Net Assets
$3,794
Notable Sources of Revenue Percent of Total Revenue
Contributions $22,400
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $3,845
Total Liabilities $51
Net Assets $3,794
Compensation
Key Employees and Officers Compensation Other
Kyunghee Lee (President) $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$4,438
Expenses
$16,584
Net Income
-$12,146
Net Assets
$4,219
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,438
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $4,288
Total Liabilities $69
Net Assets $4,219
Compensation
Key Employees and Officers Compensation Other
Kyunghee Lee (President) $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$43,740
Expenses
$44,732
Net Income
-$992
Net Assets
-$762
Notable Sources of Revenue Percent of Total Revenue
Contributions $43,740
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $4,389
Total Liabilities $5,151
Net Assets -$762
Compensation
Key Employees and Officers Compensation Other
Kyunghee Lee (President) $18,000 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$136,373
Expenses
$136,002
Net Income
$371
Net Assets
-$2,156
Notable Sources of Revenue Percent of Total Revenue
Contributions $136,373
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $4,676
Total Liabilities $6,832
Net Assets -$2,156
Compensation
Key Employees and Officers Compensation Other
Kyounghee Lee (President) $18,000 $0
Chang Ho Lee (Vice Preside) $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$43,664
Expenses
$51,464
Net Income
-$7,800
Net Assets
-$2,527
Notable Sources of Revenue Percent of Total Revenue
Contributions $43,664
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $4,651
Total Liabilities $7,178
Net Assets -$2,527
Compensation
Key Employees and Officers Compensation Other
Kyounghee Lee (President) $13,200 $0
Chang Ho Lee (Vice Preside) $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$90,996
Expenses
$93,893
Net Income
-$2,897
Net Assets
$5,273
Notable Sources of Revenue Percent of Total Revenue
Contributions $90,996
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $5,812
Total Liabilities $539
Net Assets $5,273
Compensation
Key Employees and Officers Compensation Other
Kyounghee Lee (President) $12,000 $0
Chang Ho Lee (Vice Preside) $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$145,818
Expenses
$157,662
Net Income
-$11,844
Net Assets
$8,170
Notable Sources of Revenue Percent of Total Revenue
Contributions $145,818
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $9,082
Total Liabilities $912
Net Assets $8,170

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$181,666
Expenses
$161,652
Net Income
$20,014
Net Assets
$20,014
Notable Sources of Revenue Percent of Total Revenue
Contributions $181,666
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $20,754
Total Liabilities $740
Net Assets $20,014

Document Links

About This Data

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.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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