Won Institute Of Graduate Studies
- Assets
- $6.9m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 77
- Location
- Warminster, PA
- Founding
- 05/2002
- Data as of
- 06/2022
- EIN
- 23-3102135
Organization Overview
Won Institute Of Graduate Studies is located in Warminster, PA. The organization was established in 2002. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2022, Won Institute Of Graduate Studies employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Won Institute Of Graduate Studies is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Won Institute Of Graduate Studies generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $2.5m during the year ending 06/2022. While expenses have increased by 6.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE INSTITUTE IS DULY REGISTERED AS A NON-PROFIT CORPORATION IN THE COMMONWEALTH OF PENNSYLVANIA AND LEGALLY AUTHORIZED BY THE PENNSYLVANIA DEPARTMENT OF EDUCATION TO OFFER GRADUATE EDUCATION PROGRAMS LEADING TO MASTER OF WON BUDDHIST STUDIES, DOCTOR OF ACUPUNCTURE STUDIES, MASTER OF ACUPUNCTURE STUDIES, AND A CERTIFICATE IN CHINESE HERBAL MEDICINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WON INSTITUTE IS A SPECIALIZED GRADUATE SCHOOL FOCUSING ON THE PROFESSIONAL AND PERSONAL DEVELOPMENT OF ITS STUDENTS. IT OFFERS TWO MASTER DEGREES: WON BUDDHIST STUDIES, DOCTOR OF ACUPUNCTURE STUDIES, ACUPUNCTURE STUDIES, AND A CERTIFICATE PROGRAM IN CHINESE HERBAL MEDICINE. IT OFFERS CONTINUING EDUCATION STUDIES AND PROVIDES HEALTH AND MEDITATION SERVICES TO THE COMMUNITY THROUGH ACUPUNCTURE CLINICS, SUCH AS IT'S VETERANS CLINIC AND ON-SITE MEDITATION. IT IS REGIONALLY ACCREDITED THROUGH MIDDLE STATES COMMISSION ON HIGHER EDUCATION AND PROGRAMMATICALLY ACCREDITED THROUGH THE ACCREDITATION COMMISSION FOR ACUPUNCTURE AND ORIENTAL MEDICINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bokin Kim PHD President | Officer | 40 | $20,917 |
Heejin Kim PHD Board Secret | OfficerTrustee | 1 | $0 |
Sook Ja Choi MD Board Chair | OfficerTrustee | 1 | $0 |
Wonsun Oh Trustee | Trustee | 1 | $0 |
Benjamin Bell Mhrm Phr Board Gov. & | Trustee | 1 | $0 |
Rev Youngson Seoung Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $260,495 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,514,713 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,775,208 |
| Total Program Service Revenue | $1,808,003 |
| Investment income | $135,290 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$436,649 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,281,852 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $31,111 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $20,917 |
| Compensation of current officers, directors, key employees. | $20,917 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,278,183 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $105,733 |
| Payroll taxes | $109,168 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,870 |
| Fees for services: Accounting | $21,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,835 |
| Fees for services: Other | $141,320 |
| Advertising and promotion | $118,861 |
| Office expenses | $89,167 |
| Information technology | $77,721 |
| Royalties | $0 |
| Occupancy | $175,226 |
| Travel | $7,414 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,208 |
| Interest | $16,537 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,677 |
| Insurance | $33,016 |
| All other expenses | $74,318 |
| Total functional expenses | $2,519,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,304 |
| Savings and temporary cash investments | $67,961 |
| Pledges and grants receivable | $3,143,758 |
| Accounts receivable, net | $87,769 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,196 |
| Net Land, buildings, and equipment | $70,360 |
| Investments—publicly traded securities | $3,204,374 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,863 |
| Total assets | $6,894,585 |
| Accounts payable and accrued expenses | $170,228 |
| Grants payable | $0 |
| Deferred revenue | $22,597 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $704,102 |
| Other liabilities | $0 |
| Total liabilities | $896,927 |
| Net assets without donor restrictions | -$214,463 |
| Net assets with donor restrictions | $6,212,121 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,894,585 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Won Institute Of Graduate Studies has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $40,000 |
Endowment Analysis
| Beg. Balance | $2,930,048 |
| Earnings | -$420,169 |
| Admin Expense | $21,485 |
| Other Expense | $51,843 |
| Grants | $28,169 |
| Ending Balance | $2,408,382 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rabbi Isaac Elchanan Theological Seminary New York, NY | $154,914,739 | $24,312,479 |
Webb Institute Glen Cove, NY | $108,979,783 | $22,554,419 |
Clark Summit University Clarks Summit, PA | $12,253,431 | $11,847,715 |
Rosedale Technical College Pittsburgh, PA | $9,955,350 | $10,972,229 |
Sackler School Of Medicine New York, NY | $3,810,351 | $9,320,787 |
West Virginia School Of Osteopathic Medicine Clinic Inc Lewisburg, WV | $1,527,498 | $9,302,119 |
New York Academy Of Art New York, NY | $18,557,370 | $9,146,405 |
Good Samaritan College Of Nursing And Health Science Cincinnati, OH | $6,845,010 | $5,407,521 |
Methodist Theological School In Ohio Delaware, OH | $73,405,314 | $12,096,173 |
Auburn Theological Seminary New York, NY | $28,146,377 | $5,237,023 |
Aileron Corp Tipp City, OH | $4,807,559 | $7,299,167 |
New York Theological Seminary New York, NY | $2,378,321 | $4,439,036 |