BETA

SUNRISE FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
SUNRISE FOUNDATION (EIN 65-1288276)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-09
IRS object ID
202441309349103809
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 ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-09T23:08:05-04:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN208786289PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KIM & LEE LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12207 W 190TH ST FL 2AddressLine1Txt
CityTORRANCECityNm
State AbbreviationCAStateAbbreviationCd
ZIP90504ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN651288276EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SUNRISE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSUNRBusinessNameControlTxt
Phone9093731555PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line18949 BUFFALO AVEAddressLine1Txt
CityRANCHO CUCAMONGACityNm
State AbbreviationCAStateAbbreviationCd
ZIP91730ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHIN H HWANGPersonNm
Person TitleSECRETARYPersonTitleTxt
Phone9093731555PhoneNum
Signature2024-05-01SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstCHINPersonFirstNm
Person LastHWANGPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJAMES S KIMPreparerPersonNm
PTINP01057772PTIN
Phone2133876000PhoneNum
Preparation2024-05-03PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$3,991,796FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,000,036ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$98,206InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$98,206InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$98,206InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$35,197DividendsRevAndExpnssAmt
Dividends Net Invst Incm$35,197DividendsNetInvstIncmAmt
Dividends Adj Net Incm$35,197DividendsAdjNetIncmAmt
Total Rev And Expnss$1,133,439TotalRevAndExpnssAmt
Total Net Invst Incm$133,403TotalNetInvstIncmAmt
Total Adj Net Incm$133,403TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,200AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$823TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$35OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$2,058TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$541,195ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$541,195ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$543,253TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$541,195TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$590,186ExcessRevenueOverExpensesAmt
Net Investment Income$133,403NetInvestmentIncomeAmt
Adjusted Net Income$133,403AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$47,123CashBOYAmt
Cash EOY$63,446CashEOYAmt
Cash EOYFMV$63,446CashEOYFMVAmt
Sav And Temp Cash Invst BOY$2,558,328SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$3,111,816SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$3,111,816SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$1,452,105OtherInvestmentsBOYAmt
Other Investments EOY$1,471,980OtherInvestmentsEOYAmt
Other Investments EOYFMV$816,534OtherInvestmentsEOYFMVAmt
Total Assets BOY$4,057,556TotalAssetsBOYAmt
Total Assets EOY$4,647,242TotalAssetsEOYAmt
Total Assets EOYFMV$3,991,796TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$4,057,556NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$4,647,242NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$4,057,556TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$4,647,242TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$4,057,556TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$4,647,242TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$4,057,556TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$590,186ExcessRevenueOverExpensesAmt
Subtotal$4,647,742SubtotalAmt
Other Decreases$500OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$4,647,242TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,854InvestmentIncomeExciseTaxAmt
Subtotal$1,854SubtotalAmt
Tax Based On Investment Income$1,854TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$36EsPenaltyAmt
Tax Due$1,890TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksSUNNY HWANGIndividualWithBooksNm
Phone9093731555PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line18949 BUFFALO AVEAddressLine1Txt
CityRANCHO CUCAMONGACityNm
State AbbreviationCAStateAbbreviationCd
ZIP91730ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
SUNNY HWANG
8949 BUFFALO AVERANCHO CUCAMONGACA91730PRESIDENT000.00$0$0$0
CHIN H HWANG
8949 BUFFALO AVERANCHO CUCAMONGACA91730SECRETARY000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$830,144AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$2,468,046AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,298,190TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$3,298,190AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$49,473CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,248,717NetVlNoncharitableAssetsAmt
Minimum Investment Return$162,436MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$162,436MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,854TaxBasedOnInvestmentIncomeAmt
Total Tax$1,854TotalTaxAmt
Distributable Before Adj$160,582DistributableBeforeAdjAmt
Distributable Before Ded$160,582DistributableBeforeDedAmt
Distributable As Adjusted$160,582DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$541,195ExpensesAndContributionsAmt
Qualifying Distributions$541,195QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$160,582DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$300,490ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$293,770ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$267,000ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$308,731ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$292,629ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,462,620TotalExcessDistributionCyovAmt
Qualifying Distributions$541,195QualifyingDistributionsAmt
Applied To Current Year$160,582AppliedToCurrentYearAmt
Remaining Distri From Corpus$380,613RemainingDistriFromCorpusAmt
Total Corpus$1,843,233TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$300,490ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$1,542,743ExcessDistriCyovToNextYrAmt
Excess From Year4$293,770ExcessFromYear4Amt
Excess From Year3$267,000ExcessFromYear3Amt
Excess From Year2$308,731ExcessFromYear2Amt
Excess From Year1$292,629ExcessFromYear1Amt
Excess From Current Year$380,613ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (16 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
AMERICAN RED CROSS
431 18TH STREET NWWASHINGTONDC20006DONATION$3,000
COMPASSION INT'L
12290 VOYAGER PKWYCOLORADO SPRINGSCO80921DONATION$10,000
DOORAE COMMUNITY MOVEMENT
9552 HOUNGHTON RDBAKERSFIELDCA93311DONATION$2,400
FOCUS ON THE FAMILY
8605 EXPLORER DRCOLORADO SPRINGSCO80920DONATION$2,000
GATEWAY SEMINARY
3210 EAST GUASTI ROADONTARIOCA91761SCHOLARSHIP$20,000
HAPPY VILLAGE
690 WILSHIRE PLLOS ANGELESCA90005DONATION$6,000
INLAND CHURCH
1101 N GLEN AVEPOMONACA91768DONATION$92,000
KIMBO FOUNDATION
8949 BUFFALO AVERANCHO CUCAMONGACA91730SCHOLARSHIP$310,000
KOREAN AMERICAN SPECIAL EDUCATION
1661 N RAYMOND AVE STE 10ANAHEIMCA92801DONATION$2,000
LOVE AND HOPE MISSION CORP
2200 MARCUS AVE STE ANEW HYDE PARKNY11042DONATION$20,000
NEW HOPE INTERNATIONAL
3435 WILSHIRE BLVDLOS ANGELESCA90010DONATION$10,000STE 460
NEW MISSION CHURCH
8226 CAMINO ALTO DRRIVERSIDECA92504DONATION$10,000
TEMESCAL HERITAGE FOUNDATION
23644 CLINTON KEITH RDMURRIETACA92562DONATION$10,000
WILLIAM JESSUP UNIVERSITY
2121 UNIVERSITY AVEROCKLINCA95765SCHOLARSHIP$30,000
WORLD VISION
PO BOX 9716FEDERAL WAYWA98063DONATION$3,795
ZION MOUNTAIN FOUNDATION
1382 E FOOTHILL BLVDUPLANDCA91786DONATION$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$541,195TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$98,206ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$35,197ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$133,403ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$133,403TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp (3 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
CORNERSTONE PROPERTIES LLC
18949 BUFFALO AVERANCHO CUCAMONGACA91730$250,000Yes (X)
SUNLAND PROPERTIES INC
28949 BUFFALO AVERANCHO CUCAMONGACA91730$250,000Yes (X)
SUNNY DESIGNS INC
38949 BUFFALO AVERANCHO CUCAMONGACA91730$500,000Yes (X)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTAX PREPARATIONCategoryTxt
Amt$1,200Amt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemAXA ADVISORSCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$1,471,980BookValueAmt
EOYFMV$816,534EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescNONQUALIFIED DONATIONDesc
Amt$500Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
OTHER EXPENSE$35

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
FEDERAL TAXES$723
REGISTRATION FEES$100

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