WORLD CULTURE OPEN INC

EIN: 770620589 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$2,500
Total Expenses
$218
Total Assets
$26,066
Net Assets
$26,066
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
NY
Principal Officer
BYUNG J YU
Tax Period
2022-01-01 to 2022-12-31

WORLD CULTURE OPEN INC, founded in 2003, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $2K in total revenue in fiscal year 2022. The organization ran a surplus of $2K, a strong 91% operating margin.

Mission

ORGANIZATION'S MISSION WORLD CULTURE OPEN IS A NON-PROFIT ORGANIZATION COMMITTED TO THE CULTIVATION OF HARMONIOUS GLOBAL CULTURE AND THE PROMOTION OF CROSS- CULTURAL COOPERATION BY CREATING AN INNOVATIVE CULTURAL PLATFORM FOR PEOPLE SHARE, RESPECT, ENJOY AND VALUE CULTURAL DIVERSITY AND TO MUTUALLY DEVELOP LIFELONG RESPECT FOR DIFFERENT CULTURES. OBJECTIVES AND ONGOING ACTIVITIES :FORSTERING SUSTAINABLE NETWORKS OR COMMITTED ARTISTS, CULTURAL PRACTITIONERS, VOLUNTEERS AND DONORS TO PROMOTE COLLABORATIVE CULTURAL DEVELOPMENT. : CREATING FREE CULTURAL SPACES FOR LOCAL ARTISTS AND COMMUNITIES FOR CULTURAL GATH ERINGS AND ACTIVITIES : DEVELOPING PROGRAMS FOR CULTURAL DIALOGUE, EXCHANGES AND LEARNING. SPECIAL FOCUS OF THE 2017 ACTIVITIES : DEVELOPE INTERNATIONAL PARTNERSHIP FOR THE 'FINDING CULTURE DESIGNERS' CAMPAIGN, WHICH AIMS TO PROMOTE THE GREATER GOOD FOR SOCIETY AND THE WORLD. (CULTURE DESIGNERS ARE EVERYDAY HEROES, CHANGE MAKERS AND INNOVATIVE PEOPLE WHO ARE HARNESSING THEIR TALENT

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $2,500
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,500

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $218
TOTAL EXPENSES $218

Year-over-Year Comparison

2022 2021 Change
Revenue $2,500 N/A N/A
Expenses $218 $4,716 -1.0%
Net Income $2,282 $-4,716 -1.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAIMIE MOON EXECUTIVE DI N/A
Director
$0 $0 $0
KSENIYA TSOY COMMUNITY DE N/A
Director
$0 $0 $0
BYUNG J YU PRESIDENT N/A
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 $2,500 $218 $26,066 $2,282
2021 No data $4,716 $23,784 No data
2020 No data $216 $28,500 No data
2019 $2,625 $1,716 $28,716 $909
2018 No data $216 $27,807 No data
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