2023-11-10T09:36:53-06:00 2022-12-31 541498950 RENNER AND COMPANY CPA PC 700 NORTH FAIRFAX STREET SUITE 400 ALEXANDRIA VA 22314 990 2022-01-01 521956689 GEN RICHARD G STILLWELL KOREAN WAR VETERANS MEMORIAL FOUNDATION GENR 5719825291 950 N WASHINGTON ST 220 ALEXANDRIA VA 22314 SEUNG JOON LEE PRESIDENT 5719825291 2023-11-09 1 SEUNG JOON LEE 999009999 0 JOAN M RENNER CPA P00456765 7035351200 2023-11-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X SEUNG JOON LEE 950 N WASHINGTON ST 220 ALEXANDRIA VA 22314 2795065 0 X HTTPS://KOREANWARVETSMEMORIAL.ORG/ X 1995 DC THE MISSION OF THE FOUNDATION IS TO HONOR, PRESERVE AND EDUCATE THE PUBLIC ABOUT THE COURAGE AND SACRIFICE OF THOSE WHO FOUGHT FOR A PEOPLE THEY HAD NEVER MET IN A COUNTRY THEY DID NOT KNOW. 6 6 6 9 0 0 19267738 2785791 0 0 20578 9274 0 0 19288316 2795065 0 0 0 0 204297 201450 11801 14930 98813 257923 1272617 474021 1488997 18814295 1306068 31935002 29813361 8897269 5469560 23037733 24343801 THE MISSION OF THE FOUNDATION IS TO HONOR, PRESERVE, AND EDUCATE THE PUBLIC ABOUT THE COURAGE AND SACRIFICE OF THOSE WHO FOUGHT FOR A PEOPLE THEY HAD NEVER MET IN A COUNTRY THEY DID NOT KNOW. 0 0 1263651 THE FOUNDATION SUPPORTS THE MAINTENANCE OF THE KOREAN WAR VETERANS MEMORIAL WHICH IS OWNED BY THE US PARK SERVICE AND CONDUCTS ACTIVITIES TO RAISE AWARENESS AND EDUCATE THE PUBLIC ABOUT THE KOREAN WAR. THE FOUNDATION BEGAN REFURBISHMENTS TO THE ORIGINAL MEMORIAL AND ALSO BEGAN CONSTRUCTION OF THE WALL OF REMEMBRANCE, AN ADDITION TO THE EXISTING MEMORIAL. DURING 2022, IN ADDITION TO THE PROGRAM EXPENSES REPORTED ON PAGE 10, THE FOUNDATION ALSO INCURRED AND CAPITALIZED COSTS FOR THE DESIGN AND CONSTRUCTION OF THE WALL OF REMEMBRANCE IN THE AMOUNT OF $6,708,829. 1263651 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 3 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 CA CO FL HI IL ME MD MA MN MS NV NH NJ NY NC ND OH OK OR PA RI SC UT VA WA WV WI X HEYLIM WU EXECUTIVE ASSISTANT TO THE PRESIDENT 5719825291 950 NORTH WASHINGTON STREET SUITE ALEXANDRIA VA 22314 GEN JOHN H TILELLI JR USA R CHAIRMAN 10.00 X X 0 0 0 LTG BERNARD S CHAMPOUX USA R VICE-CHAIRMAN 5.00 X X 0 0 0 COL RICHARD W DEAN II USA R VICE-CHAIRMAN/CONSTRUCTION MANAGEMENT AGENT 40.00 X X 0 0 0 THOMAS S KIM BOARD MEMBER 5.00 X 0 0 0 ANNELIE WEBER BOARD MEMBER - DECEASED OCT 2022 5.00 X 0 0 0 COL LOUIS BERMAN USA R BOARD MEMBER 5.00 X 0 0 0 SUNNY PARK BOARD MEMBER 5.00 X 0 0 0 LTC JAMES R FISHER USA R EXECUTIVE DIRECTOR TO SEPT 2022 40.00 X 86923 0 0 MICHEL AU BUCHON SECRETARY/TREASURER 40.00 X 82734 0 727 SEUNG JOON LEE PRESIDENT FROM OCT 2022 40.00 X 21970 0 0 191627 0 727 0 0 0 0 WHITING- TURNER 300 EAST JOPPA ROAD BALTIMORE MD 21286 CONSTRUCTION 7059111 RAZOR MANAGEMENT 1302 WAUGH SUITE 439 HOUSTON TX 77019 PRODUCTION SERVICES FOR GROUNDBREAKING C 856699 HARTMAN-COX ARCHITECTS 1074 THOMAS JEFFERSON ST NW WASHINGTON DC 20007 ARCHITECTURAL DESIGN 255396 3 2785791 2785791 9274 9274 2795065 0 0 9274 171626 117172 22780 31674 13638 13638 727 727 15459 10915 1901 2643 59603 59603 14930 14930 9894 9894 11320 11320 24763 17484 3045 4234 29820 21055 3667 5098 4358 1906 1991 461 MEMORIAL EVENTS 1073796 1073796 OTHER EXPENSES-MNGMNT-9 55854 7685 19716 28453 PAYROLL PROCESSING FEE 2881 2881 BANK CHARGES 328 328 1488997 1263651 126533 98813 19598918 10894737 1000000 1000027 99626 89719 3000 11146739 17915597 31935002 29813361 8897269 297530 0 5172030 8897269 5469560 X 13429418 4412494 9608315 19931307 23037733 24343801 31935002 29813361 1306068 0 X X 0 1 X 1 0 X 154784 942428 2019223 19233609 2565791 24915835 154784 942428 2019223 19233609 2565791 24915835 1118199 23797636 15994 19886 62586 20578 9274 128318 25044153 34129 0.95020 0.96780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1000000 1000000 1000000 1000000 1000000 1000000 1000000 1000000 1000000 1000000 1.00000 0 0 0 WALL OF REMEMBRANCE - CAPITALIZED COSTS, DESIGN AND CONSTRUCTION 17847567 WEBSITE DEVELOPMENT IN PROGRESS 36331 WALL OF REMEMBRANCE MOBILE APP DEVELOPMENT IN PROGRESS 9669 RIGHT OF USE ASSET 22030 17915597 ESTIMATED LIABILITY TO REPUBLIC OF KOREA 5150000 LEASE LIABILITY 22030 5172030 X 2906065 111000 111000 2795065 0 2795065 1599997 111000 111000 1488997 0 1488997 PART V, LINE 4: THE PRINCIPAL OF THIS DONOR RESTRICTED ENDOWMENT IS TO BE HELD IN PERPETUITY AND THE EARNINGS ARE TO BE USED FOR UNRESTRICTED PURPOSES. PART X, LINE 2: THE FOUNDATION COMPLIES WITH THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD CODIFICATION TOPIC ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021, NO UNRECOGNIZED TAX PROVISION OR BENEFIT EXISTS. TAX RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER FILING. THE FOUNDATION'S RETURNS FOR THE YEARS ENDED 2018 THROUGH 2022 ARE OPEN TO SUCH EXAMINATION. FORM 990, PART X LINE 15 THE TOTAL BALANCE OF OTHER ASSETS IS DESCRIBED IN PART IX. FISHER EVENTS LLC OWNED BY FAMILY MEMBER OF JAMES FISHER, EXECUTIVE DIRECTOR THROUGH SEP 2022 38000 FISHER EVENTS PROVIDED WEB DEVELOPMENT SERVICES TO THE FOUNDATION AS A VENDOR. 0 FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS A DRAFT OF THE 990 THEN PROVIDES A COPY TO THE BOARD FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE EXECUTIVE DIRECTOR/PRESIDENT MONITORS AND ENFORCES THE CONFLICT OF INTEREST POLICY AT LEAST ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST PART XII, LINE 2C THE ORGANIZATION'S TREASURER OVERSEES THE AUDIT AND THE SELECTION OF AN INDEPENDENT AUDITOR WITH DIRECTION FROM THE BOARD OF DIRECTORS. AMENDED RETURN FORM 990 WAS AMENDED TO EDIT THE NUMBER OF HOURS WORKED BY THE PRESIDENT REPORTED ON 990 PAGE 7 PART VII.