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Employer Identification Number 98-1525203

NAE IL FOUNDATION LTD is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:NAE IL FOUNDATION LTD
Employer identification number (EIN):98-1525203
EIN Issuing AuthorityPhiladelphia, PA
EIN TypeNormally issued to foreign entities (non domestic company) via Forms SS-4
EIN TypeNormally issued to foreign entities (non domestic company) via Forms SS-4
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementNAEIL FOUNDATION MISSION IS TO ADVANCE SOCIAL JUSTICE AND DEMOCRATIC VALUES IN THE KOREAN-AMERICAN COMMUNITY BY ADVOCATING FOR POLICIES AND CIVIC ENGAGEMENT THAT PLACES EDUCATIONAL ACCESS, PRESERVATION OF CULTURAL HERITAGE, CROSS-CULTURAL COALITION BUILDING, AND COMMUNITY PROSPERITY AT THE FOREFRONT. ADDITIONALLY THE FOUNDATION PROMOTES EQUITABLE TREATMENT OF AND OUTCOMES FOR SIMILARLY SITUATED UNDERREPRESENTED AND SOCIOECONOMICALLY DISADVANTAGED COMMUNITIES ACROSS THE UNITED STATES AND ITS TERRITORIES WHERE THE FOUNDATION IS A MAJOR STAKEHOLDER IN THE COMMUNITY.
Number of Employees0
Number of Volunteers3
Year Formed2020

Organization Governance

Voting Members - Governing Body3
Voting Members - Independent3

Organization Financials

2022-12-31
Total unrelated business incomeUSD $ 4,628
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 11,626,205
Investment Income from current yearUSD $ 709,096
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 709,096
Net assets / fund balances at end of fiscal yearUSD $ 38,028,994
Net assets / fund balances at beginning of fiscal yearUSD $ 50,776,401
Total liabilities at end of fiscal yearUSD $ 0
Total liabilities at beginning of fiscal yearUSD $ 0
Total assets at end of fiscal yearUSD $ 38,028,994
Total assets at beginning of fiscal yearUSD $ 50,776,401
Revenues less expenses for current yearUSD $ 278,894
Revenues less expenses for previous yearUSD $ 11,200,392
Total expenses for current yearUSD $ 430,202
Total expenses for previous yearUSD $ 425,813
Other expenses in current yearUSD $ 39,202
Other expenses in previous yearUSD $ 124,763
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Employee salary and benefits paid in previous yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 391,000
Grants and similar amounts paid in previous yearUSD $ 301,050
Total revenue in current fiscal yearUSD $ 709,096
Total revenue in previous fiscal yearUSD $ 11,626,205
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2021-12-31
Total unrelated business incomeUSD $ 9,205
Net unrelated business incomeUSD $ 634
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 29,656,813
Investment Income from current yearUSD $ 11,626,205
Other Revenue from prior yearUSD $ 500,000
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 11,626,205
Net assets / fund balances at end of fiscal yearUSD $ 50,776,401
Net assets / fund balances at beginning of fiscal yearUSD $ 39,576,009
Total liabilities at end of fiscal yearUSD $ 0
Total liabilities at beginning of fiscal yearUSD $ 0
Total assets at end of fiscal yearUSD $ 50,776,401
Total assets at beginning of fiscal yearUSD $ 39,576,009
Revenues less expenses for current yearUSD $ 11,200,392
Revenues less expenses for previous yearUSD $ 39,576,009
Total expenses for current yearUSD $ 425,813
Total expenses for previous yearUSD $ 667,442
Other expenses in current yearUSD $ 124,763
Other expenses in previous yearUSD $ 92,498
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Employee salary and benefits paid in previous yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 301,050
Grants and similar amounts paid in previous yearUSD $ 574,944
Total revenue in current fiscal yearUSD $ 11,626,205
Total revenue in previous fiscal yearUSD $ 40,243,451
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 10,086,638
2020-12-31
Total unrelated business incomeUSD $ 12,943
Net unrelated business incomeUSD $ 10,749
Program Service Revenue from current yearUSD $ 0
Investment Income from current yearUSD $ 29,656,813
Other Revenue from current yearUSD $ 500,000
Gross receipts from all sourcesUSD $ 40,243,451
Net assets / fund balances at end of fiscal yearUSD $ 39,576,009
Total liabilities at end of fiscal yearUSD $ 0
Total assets at end of fiscal yearUSD $ 39,576,009
Revenues less expenses for current yearUSD $ 39,576,009
Total expenses for current yearUSD $ 667,442
Other expenses in current yearUSD $ 92,498
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 574,944
Total revenue in current fiscal yearUSD $ 40,243,451
Contributions and grants from current yearUSD $ 10,086,638
Total of other revenueUSD $ 500,000

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 981525203

Foreign Mailing Address
CLARENDON HOUSE 2 CHURCH STREET
HAMILTON HM
Date first seen: 2022-11-14
Date last seen: 2023-11-14

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