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W7 Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 611547835 ✦ Washington, DC ✦ Designated as a 501(c)(3)

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Overview

What is W7 Foundation?

The W7 Foundation is a nonprofit organization committed to supporting education and alleviating poverty. According to the provided information, they primarily fund scholarships for college-bound students, providing financial assistance to four and subsequently two students. Beyond this, the foundation shows a compassionate concern for the less fortunate children in North Korea, aiming to offer aid to this group as well. Although the specifics of this initiative are not detailed, the W7 Foundation's mission encompasses a dual focus on education and humanitarian efforts.

Is W7 Foundation legitimate?

W7 Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. W7 Foundation submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

What is the mission statement of W7 Foundation?

The W7 Foundation's mission is centered around providing financial assistance for college-bound students. Specifically, they have awarded scholarships to four and two such students respectively. Additionally, the foundation is committed to aiding the less fortunate children in North Korea. This support for education is a key aspect of their mission, aiming to make higher education more accessible for deserving students.

Who is the CEO of W7 Foundation?

Woong R Kang is the President of W7 Foundation.

What is the revenue of W7 Foundation?

W7 Foundation's revenue in 2022 was $32,461.

Who are the executives of W7 Foundation and what are their salaries?


There is 1 key member and their salary:


Woong R Kang (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for W7 Foundation?

W7 Foundation's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of W7 Foundation

The W7 Foundation, in its mission, aims to support college-bound students by providing them with scholarships. This nonprofit organization has funded scholarships for a total of six students seeking higher education. Moreover, the W7 Foundation has a compassionate focus on aiding the less fortunate children residing in North Korea. By offering scholarships, this organization aims to contribute to the future of these students, providing them with the opportunity to pursue their education and better their lives.

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Impact




August, 2024

W7 Foundation's impact includes providing scholarships for college-bound students, specifically supporting four students in one instance and two students in another. Additionally, the foundation works to aid impoverished children in North Korea.




This information is meant to be a general summary of W7 Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$32,461 (2022)
Expenses
$29,084 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,883
  • Gross Receipts: $37,342

Assets and Liabilities:

  • Total Assets: $102,269
  • Total Liabilities: $0
  • Net Assets: $102,269

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Organization Details

Principal Officer

Woong R Kang

Main Address

1854 ONTARIO PLACE NW, WASHINGTON, DC, 20009

NTEE Category

Code: Q30 - International

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