CHUNG FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- CHUNG FOUNDATION (EIN 82-3760826)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-04-25
- IRS object ID
- 202441169349101604
- Schema version
- 2023v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Depreciation Schedule
- Investments Corp Stock Schedule
- Liquidation Explanation Stmt
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-04-25T09:45:18-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3333 New Hyde Park Rd Ste 406 | AddressLine1Txt |
| City | New Hyde Park | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 823760826 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Chung Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | CHUN | BusinessNameControlTxt |
| Phone | 8008391754 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundation Source 501 Silverside Rd | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LEISLE CHUNG | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2024-04-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | LEISLE | PersonFirstNm |
| Person Last | CHUNG | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | TrustedCustomerGrp |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $1,927,939 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $780,010 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $3,570 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $3,570 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $41,638 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $41,638 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $9,659 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,221,135 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $9,659 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $834,877 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $54,867 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $12,072 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $12,072 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $762 | TaxesRevAndExpnssAmt |
| Trav Conf Meeting Rev And Expnss | $30,504 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $30,504 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $13,083 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $13,083 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $56,421 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $12,072 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $43,587 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $552,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $552,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $608,421 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $12,072 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $595,587 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $226,456 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $42,795 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $74,034 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $269,989 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $269,989 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $1,500,926 | CorporateStockBOYAmt |
| Corporate Stock EOY | $1,531,427 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $1,657,950 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $1,574,960 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,801,416 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,927,939 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $1,574,960 | RetainedEarningBOYAmt |
| Retained Earning EOY | $1,801,416 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,574,960 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,801,416 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,574,960 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,801,416 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,574,960 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $226,456 | ExcessRevenueOverExpensesAmt |
| Subtotal | $1,801,416 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $1,801,416 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Publicly-traded Securities | PropertyDesc |
| Gross Sales Price | $1,221,135 | GrossSalesPriceAmt |
| Cost Or Other Basis | $1,211,476 | CostOrOtherBasisAmt |
| Gain Or Loss | $9,659 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $9,659 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $9,659 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $595 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $595 | SubtotalAmt |
| Tax Based On Investment Income | $595 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $400 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $400 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $195 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | Yes (true) | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DE | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8008391754 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 Silverside Road Suite 123 | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| Caleb Chung | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, VP | 1.0 | $0 | $0 | $0 |
| Leisle Chung | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Pres, Sec, Treas | 1.0 | $0 | $0 | $0 |
| Vinh Chung | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, VP | 1.0 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $1,533,299 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $338,035 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,871,334 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $1,871,334 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $28,070 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,843,264 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $92,163 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $92,163 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $595 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $595 | TotalTaxAmt |
| Distributable Before Adj | $91,568 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $91,568 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $91,568 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $595,587 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $595,587 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $91,568 | DistributableAsAdjustedAmt |
| Prior Year1 | 2021 | PriorYear1Yr |
| Prior Year2 | 2020 | PriorYear2Yr |
| Prior Year3 | 2019 | PriorYear3Yr |
| Excess Distribution Cyov Yr5 | $9,997 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $540,007 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $473,420 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $273,680 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $699,480 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $1,996,584 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $595,587 | QualifyingDistributionsAmt |
| Applied To Current Year | $91,568 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $504,019 | RemainingDistriFromCorpusAmt |
| Total Corpus | $2,500,603 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $9,997 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $2,490,606 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $540,007 | ExcessFromYear4Amt |
| Excess From Year3 | $473,420 | ExcessFromYear3Amt |
| Excess From Year2 | $273,680 | ExcessFromYear2Amt |
| Excess From Year1 | $699,480 | ExcessFromYear1Amt |
| Excess From Current Year | $504,019 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Leisle Chung | ContributingManagerNm |
| Contributing Manager | Vinh Chung | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| CASA OF THE PIKES PEAK REGION INC | |||||||
| 418 S WEBER ST | COLORADO SPGS | CO | 80903 | N/A | PC | General & Unrestricted | $25,000 |
| INTERNATIONAL JUSTICE MISSION | |||||||
| PO BOX 96961 | WASHINGTON | DC | 20090 | N/A | PC | Northern Triangle - VAWC | $100,000 |
| Pine Creek High School | |||||||
| 10750 THUNDER MOUNTAIN AVE | COLORADO SPRINGS | CO | 80908 | N/A | GOV | To support PCHS Speech and Debate team | $7,000 |
| WORLD VISION | |||||||
| PO BOX 9716 | FEDERAL WAY | WA | 98063 | N/A | PC | Next Gen Fundraiser Campaign for the Hunger Crisis in Somalia | $20,000 |
| WORLD VISION | |||||||
| PO BOX 9716 | FEDERAL WAY | WA | 98063 | N/A | PC | Promesa del Sur project in Honduras | $400,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $552,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $3,570 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $41,638 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $9,659 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $54,867 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $54,867 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | Vanguard Medical Specialists LLC | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9348 Grand Cordera Pkwy Ste 160 | AddressLine1Txt |
| City | Colorado Springs | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80924 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $780,010 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Depreciation Schedule DepreciationSchedule
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (86 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ACCENTURE PLC | $10,953 | $14,966 |
| ADOBE SYSTEMS, INC | $6,759 | $7,159 |
| AIR PRODS & CHEM INC | $5,607 | $5,237 |
| ALPHABET INC CL A | $17,587 | $25,703 |
| ALPHABET INC CL C | $10,397 | $14,798 |
| AMAZON COM | $39,631 | $43,151 |
| AMERICAN TOWER REIT INC | $3,280 | $3,925 |
| APPLE INC | $52,252 | $84,188 |
| AUTOMATIC DATA PROCESSING INC | $11,419 | $12,715 |
| BANK OF AMERICA CORP | $14,373 | $14,678 |
| BERKSHIRE HATHAWAY INC. CLASS | $20,427 | $26,393 |
| BLACKROCK INC | $5,586 | $6,582 |
| BOSTON SCIENTIFIC | $5,298 | $5,492 |
| BROADCOM INC | $14,533 | $27,695 |
| CATERPILLAR INC | $13,748 | $14,564 |
| CF INDUSTRIES HOLDINGS, INC | $4,204 | $4,396 |
| CHEVRON CORP | $15,808 | $15,880 |
| CHUBB LIMITED | $6,603 | $6,780 |
| CIGNA CORPORATION | $6,250 | $6,644 |
| CISCO SYSTEMS INC | $15,237 | $15,094 |
| CITIGROUP INC | $9,793 | $8,432 |
| COLGATE-PALMOLIVE COMPANY | $8,110 | $8,823 |
| COMCAST CORP | $8,040 | $8,496 |
| CONOCOPHILLIPS | $9,442 | $10,458 |
| CONSOLIDATED EDISON INC | $8,570 | $9,301 |
| COSTCO WHOLESALE CORPORATION | $13,660 | $18,035 |
| CVS CAREMARK CORP | $17,443 | $18,512 |
| DEERE CO | $7,699 | $7,625 |
| DIAMOND HILL CORE BOND FUND CL | $111,229 | $96,729 |
| DOUBLELINE TOTAL RETURN BOND | $112,649 | $96,123 |
| DUKE ENERGY CO | $12,982 | $12,694 |
| EATON VANCE CORE PLUS BOND FUN | $24,028 | $24,298 |
| ELEVANCE HEALTH INC | $22,507 | $23,052 |
| EXXON MOBIL CORP | $21,916 | $20,634 |
| FEDEX CORPORATION | $5,472 | $5,337 |
| GALLAGHER ARTHUR J & CO | $5,234 | $5,172 |
| GILEAD SCIENCES INC | $27,175 | $27,808 |
| GOLDMAN SACHS GROUP | $8,288 | $9,217 |
| GUGGENHEIM TOTAL RETURN BOND F | $73,588 | $72,861 |
| HOME DEPOT INC | $18,630 | $19,627 |
| HUMANA INC | $20,601 | $19,714 |
| ILLINOIS TOOL WORKS | $7,770 | $8,290 |
| INCYTE CORPORATION | $6,964 | $6,781 |
| INTERNATIONAL BUSINESS MACHINE | $8,213 | $10,080 |
| INTUITIVE SURGICAL | $7,442 | $8,097 |
| ISHARES 20+ YR TREAS BD | $22,500 | $25,654 |
| ISHARES JP MORGAN USD EM MKTS | $57,413 | $49,156 |
| ISHARESLEHMAN 7-10YR | $22,405 | $23,715 |
| JP MORGAN CHASE | $18,891 | $25,763 |
| LINDE PLC COM | $12,083 | $15,065 |
| MARSH AND MCLENNAN COMPANIES I | $7,233 | $8,000 |
| MASTERCARD INC | $15,755 | $18,714 |
| MCDONALD'S CORP | $13,508 | $16,651 |
| MCKESSON CORP | $14,811 | $16,227 |
| MEDTRONIC PLC | $16,122 | $16,240 |
| META PLATFORMS INC | $17,455 | $24,069 |
| MICROSOFT CORP | $49,969 | $86,379 |
| MORGAN STANLEY | $5,526 | $6,035 |
| NEWMONT GOLDCORP CORPORATION | $7,714 | $5,719 |
| NEXTERA ENERGY, INC | $12,693 | $9,730 |
| NIKE INC-CL B | $8,755 | $7,976 |
| NVIDIA CORP | $9,874 | $26,826 |
| ORACLE CORP | $3,823 | $6,319 |
| PACCAR INC | $6,899 | $7,031 |
| PROCTER GAMBLE CO | $37,382 | $35,925 |
| PROGRESSIVE CORP OHIO | $5,144 | $6,216 |
| PROLOGIS | $7,715 | $8,977 |
| PUBLIC STORAGE INC | $5,488 | $5,128 |
| QUALCOMM INC | $7,830 | $9,964 |
| REPUBLIC SVCS INC | $8,255 | $10,831 |
| SALESFORCE.COM | $6,358 | $7,894 |
| SIMON PPTY GROUP INC | $2,873 | $2,853 |
| SOUTHERN CO | $11,389 | $11,780 |
| STRYKER CORPORATION | $9,415 | $9,911 |
| TESLA MOTORS INC | $17,356 | $18,884 |
| TEXAS INSTRUMENTS INC | $9,712 | $10,183 |
| THE COCA-COLA CO | $26,824 | $25,632 |
| UNION PACIFIC | $9,965 | $10,934 |
| UNITED PARCEL SERVICE | $16,353 | $15,024 |
| VERIZON COMMUNICATIONS | $7,014 | $7,647 |
| VISA INC | $20,854 | $24,057 |
| WASTE MANAGEMENT INC | $12,870 | $14,073 |
| WELLS FARGO & CO | $5,756 | $6,806 |
| WESTERN ASSET CORE PORTFOLIO | $87,959 | $72,770 |
| WESTERN ASSET CORPORATE BOND F | $23,939 | $24,473 |
| ZOETIS INC | $10,150 | $10,483 |
Liquidation Explanation Stmt LiquidationExplanationStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2023, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $552,000. This amount represents 25% or more of the Foundation's net assets of $1,496,444 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2023. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein. | ExplanationTxt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| Administrative Fees | $13,058 | $13,058 |
| State or Local Filing Fees | $25 | $25 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Services | CategoryTxt |
| Amt | $12,072 | Amt |
| Net Investment Income | $12,072 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| 990-PF Estimated Tax for 2023 | $400 |
| 990-PF Excise Tax for 2022 | $362 |
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