IBREA FOUNDATION

Address
866 UNITED NATIONS PLAZA SUITE 407
NEW YORK, NY 10017
Contact
Website: http://ibreaus.org
Phone: +1 (212) 319-0848
Nonprofit
NTEE: H48 - Brain Disorders Research
EIN: 26-2331802

Mission

TO INCREASE AWARENESS OF THE HUMAN BRAIN'S CAPACITY TO CREATE HEALTH, HAPPINESS, AND PEACE FOR INDIVIDUALS, COMMUNITIES, AND NATIONS THROUGH HOLISTIC BRAIN EDUCATION.
 20162015201420132012
Basic features of the organization
Year of formation2008
Subsection code03
PF filing required0    
Metropolitan statistical area5602
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$31,924.00$28,800.00$17,500.00$33,600.00$10,296.00
Sum of reportable (W2/1099) compensation$31,924.00$28,800.00$17,500.00$33,600.00$10,400.00
Number of employees67544
Number of people compensated >$100k   00
Number of volunteers2020202020
Number of highly compensated contractors   0 
Personnel
Cheema, Rebecca
Title  DIRECTORDIRECTORDIRECTOR
Name of key/compensated person  REBECCA CHEEMAREBECCA CHEEMAREBECCA CHEEMA
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  1.001.001.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Covert, Anne
TitleCHAIRCHAIR   
Name of key/compensated personANNE COVERTANNE COVERT   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org5.00    
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Hemmings, Collette
TitleDIRECTORDIRECTOR   
Name of key/compensated personCOLLETTE HEMMINGSCOLLETTE HEMMINGS   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org5.00    
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Lee, Joung
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personJOUNG HAN LEEJOUNG HAN LEEJOUNG HAN LEEJOUNG HAN LEEJOUNG HAN LEE
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org5.008.005.002.002.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Lee, Seung
TitlePRESIDENTPRESIDENTPRESIDENT/DIPRESIDENTPRESIDENT
Name of key/compensated personSEUNG HEUN LEESEUNG HEUN LEESEUNG HEUN LEESEUNG HEUN LEESEUNG HEUN LEE
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org8.008.005.005.005.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Lee, Sung
Title   SECRETARY/TREASURERSECRETARY
Name of key/compensated person   SUNG LEESUNG LEE
Position of compensated person
Average hours per week working for org   2.002.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Parker, Brenda
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personBRENDA PARKERBRENDA PARKERBRENDA PARKERBRENDA PARKERBRENDA PARKER
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org5.008.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Parker, Warrington
TitleVICE PRESIDEVICE PRESIDEVICE PRESIDEVICE PRESIDENTVICE PRESIDENT
Name of key/compensated personWARRINGTON PARKERWARRINGTON PARKERWARRINGTON PARKERWARRINGTON PARKERWARRINGTON PARKER
Position of compensated person
Average hours per week working for org8.008.002.002.002.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Schiering, Marjorie
Title  DIRECTORDIRECTORDIRECTOR
Name of key/compensated person  MARJORIE S SCHIERINGMARJORIE S SCHIERINGMARJORIE S SCHIERING
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  1.001.001.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Shin, Ju
TitleSECRETARY/TRSECRETARY/TRSECRETARY/TRTREASURERTREASURER
Name of key/compensated personJU EUN SHINJU EUN SHINJU EUN SHINJU EUN SHINJU EUN SHIN
Position of compensated person
Average hours per week working for org40.0040.0040.0040.0040.00
Reportable compensation from org$31,924.00$28,800.00$17,500.00$33,600.00$10,400.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO INCREASE AWARENESS OF THE HUMAN BRAIN'S CAPACITY TO CREATE HEALTH, HAPPINESS, AND PEACE FOR INDIVIDUALS, COMMUNITIES, AND NATIONS THROUGH HOLISTIC BRAIN EDUCATION.TO INCREASE AWARENESS OF THE HUMAN BRAIN'S CAPACITY TO CREATE HEALTH, HAPPINESS, AND PEACE FOR INDIVIDUALS, COMMUNITIES, AND NATIONS THROUGH HOLISTIC BRAIN EDUCATION.TO INCREASE AWARENESS OF THE HUMAN BRAIN'S CAPACITY TO CREATE HEALTH, HAPPINESS, AND PEACE FOR INDIVIDUALS, COMMUNITIES, AND NATIONS THROUGH HOLISTIC BRAIN EDUCATION.TO INCREASE AWARENESS OF THE BRAIN'S POTENTIAL THROUGH THE REVOLUTIONARY HOLISTIC EDUCATION METHOD CALLED BRAIN EDUCATION.TO INCREASE AWARENESS OF THE BRAIN'S POTENTIAL THROUGH THE REVOLUTIONARY HOLISTIC EDUCATION METHOD CALLED BRAIN EDUCATION.
Program service expenses, total$207,223.00$114,817.00$223,080.00$317,640.00$335,869.00
Programs, including revenue & expenses
BRAIN EDUCATION AND RESEARCH: TO INCREASE AWARENESS OF THE HUMAN BRAIN'S POTENTIAL THROUGH HOLISTIC BRAIN EDUCATION, TO DISSEMINATE INFORMATION THROUGH EDUCATIONAL CONFERENCES, PUBLICATIONS AND EVENTS AND UNITED NATIONS (UN) ACTION.
Program expenses$207,223.00$114,817.00$223,080.00$317,640.00$335,869.00
Grants and allocations made   $832.00$42,000.00
Program revenue$68,413.00$900.00$78,237.00$183,329.00$133,850.00
Program descriptionBRAIN EDUCATION AND RESEARCH: TO INCREASE AWARENESS OF THE HUMAN BRAIN'S POTENTIAL THROUGH HOLISTIC BRAIN EDUCATION, TO DISSEMINATE INFORMATION THROUGH EDUCATIONAL CONFERENCES, PUBLICATIONS AND EVENTS AND UNITED NATIONS (UN) ACTION.BRAIN EDUCATION AND RESEARCH: TO INCREASE AWARENESS OF THE HUMAN BRAIN'S POTENTIAL THROUGH HOLISTIC BRAIN EDUCATION, TO DISSEMINATE INFORMATION THROUGH EDUCATIONAL CONFERENCES, PUBLICATIONS AND EVENTS AND UNITED NATIONS (UN) ACTION.BRAIN EDUCATION AND RESEARCH: TO INCREASE AWARENESS OF THE HUMAN BRAIN'S POTENTIAL THROUGH HOLISTIC BRAIN EDUCATION, TO DISSEMINATE INFORMATION THROUGH EDUCATIONAL CONFERENCES, PUBLICATIONS AND EVENTS AND UNITED NATIONS (UN) ACTION.BRAIN EDUCATION AND RESEARCH: TO INCREASE AWARENESS OF THE BRAIN'S POTENTIAL THROUGH THE REVOLUTIONARY HOLISTIC EDUCATION METHOD CALLED BRAIN EDUCATION, TO DISSEMINATE INFORMATION THROUGH EDUCATIONAL CONFERENCES, PUBLICATIONS AND EVENTS AND UNITED NATION (UN) ACTION.BRAIN EDUCATION AND RESEARCH. TO INCREASE AWARENESS OF THE BRAIN'S POTENTIAL THROUGH THE REVOLUTIONARY HOLISTIC EDUCATION METHOD CALLED BRAIN EDUCATION, TO DISSEMINATE INFORMATION THROUGH EDUCATIONAL CONFERENCES, PUBLICATIONS AND EVENTS AND UN ACTION.
Financial data
Revenue
Total revenue$413,148.00$251,435.00$319,568.00$417,859.00$389,303.00
Revenue from contributions (total)$342,555.00$247,415.00$229,042.00$210,305.00$246,404.00
Investment income, current yr$1,128.00$1,269.00$1,320.00$1,304.00$186.00
Total revenue from grants, etc., current yr$342,555.00$247,415.00$229,042.00$210,305.00$246,404.00
Total unrelated business revenue$0.00$0.00$11,117.00$9,233.00$8,863.00
Other revenue, current yr$1,052.00$1,851.00$1,056.00$13,688.00$224.00
Net unrelated business taxable revenue  -$2,536.00-$3,102.00-$16,112.00
Program service revenue (total)$68,413.00$900.00$88,150.00$192,562.00$142,489.00
Gross receipts$413,148.00$251,435.00$319,717.00$424,960.00$389,303.00
Sources of contributions
Contributions revenue from membership dues$83,123.00$2,385.00$5,451.00$22,977.00$26,308.00
Revenue from all other contributions$259,432.00$245,030.00$223,591.00$187,328.00$220,096.00
Other types of revenue
Miscellaneous revenue (total)$1,052.00$1,851.00 $300.00$224.00
Income from dividends, interest, and similar investments$1,128.00$1,269.00$1,320.00$1,304.00$186.00
Net rental income $0.00$0.00$0.00$0.00
Net inventory sales (total)  $1,056.00$13,388.00 
Expense categories (totals)
Total functional expenses: sum of all$337,101.00$197,465.00$305,229.00$391,849.00$434,888.00
Total functional expenses: program service $207,223.00$114,817.00$223,080.00$317,640.00$335,869.00
Total functional expenses: management and general$129,878.00$82,648.00$82,149.00$64,984.00$84,886.00
Total functional expenses: fundraising$0.00$0.00$0.00$9,225.00$14,133.00
Fees for services
Legal fees (total)$329.00$1,250.00$1,523.00$3,959.00 
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$1,114,750.00$600,677.00$546,882.00$536,872.00$499,667.00
Total assets, beginning of year$600,677.00$546,882.00$536,872.00$499,667.00$770,586.00
Total liabilities$457,178.00$19,152.00$19,327.00$23,656.00$12,461.00
Total liabilities, beginning of year$19,152.00$19,327.00$23,656.00$12,461.00$21,066.00
Unrestricted net assets, end of yr$655,355.00$563,584.00$511,183.00$484,772.00 
Temporarily restricted net assets$2,217.00$17,941.00$16,372.00$28,444.00 
Net assets$657,572.00$581,525.00$527,555.00$513,216.00$487,206.00
Net assets, beginning of year$581,525.00$527,555.00$513,216.00$487,206.00$749,520.00
Other liabilities$450,292.00    
Intangible assets$16,319.00$16,946.00$11,823.00$11,823.00$11,823.00
Other assets$1,400.00$3,182.00$3,182.00$3,992.00$3,182.00
Cash: non-interest bearing$324,424.00$355,457.00$403,802.00$393,082.00$426,323.00
Cash: non-interest bearing, beginning of year$355,457.00$403,802.00$393,082.00$426,323.00$454,916.00
Investments -- program-related$60,000.00$60,000.00$60,000.00  
Inventories for sale or use $6,984.00$6,984.00$7,131.00$1,878.00
Other financial variables
Revenue less expenses$76,047.00$53,970.00$14,339.00$26,010.00-$45,585.00
Advertising (total)$9,838.00$2,178.00$10,757.00$3,621.00$15,834.00
Accounts receivable, net$41,248.00$68,750.00$48,550.00$83,945.00$33,507.00
Prepaid expenses & deferred charges$16,464.00$72,976.00$12,541.00$36,899.00$21,316.00
Accounts payable & accrued expenses$6,886.00$7,502.00$19,327.00$5,773.00$5,261.00
Deferred revenue $11,650.00 $17,883.00$7,200.00
Total net assets or fund balances$657,572.00$581,525.00$527,555.00$513,216.00$487,206.00
Depreciation, depletion, amortization$6,967.00$361.00  $156.00
Governance and accountability
Number of voting members77555
Number of independent voting members77555
Financial sheets audited   TrueTrue
Relationships among key personnelTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-012013-01-012012-01-01
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Reason for form submission
Address change True   
Date e-filing submitted2017-09-202016-08-302015-10-062014-09-292013-12-31
IRS schema version2016v3.02015v2.12014v5.02013v3.02012v2.1
Filing identifier201721359349312407201601239349301330201532269349303343201432279349304288201303199349301425
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