SIMON & JOY HONG FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
SIMON & JOY HONG FOUNDATION (EIN 47-4837033)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-06-20
IRS object ID
202421729349100217
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)
Return2024-06-20T14:21:28-04:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN821805214PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MIRAE ACCOUNTANCY & CONSULTANTS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12525 W 8TH ST STE 300AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP900575239ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN474837033EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SIMON & JOY HONG FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSIMOBusinessNameControlTxt
Phone2136232221PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1660 SO FIGUEROA STREET 2300AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90017ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSIMON HONGPersonNm
Person TitleCEOPersonTitleTxt
Phone2136232221PhoneNum
Signature2024-06-19SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSIMONPersonFirstNm
Person LastHONGPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKENNETH C HANPreparerPersonNm
PTINP00886650PTIN
Phone2133871100PhoneNum
Preparation2024-06-20PreparationDt
Self EmployedYes (X)SelfEmployedInd
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$1,286,277FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$200,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$59InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$59InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$59InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$14,653DividendsRevAndExpnssAmt
Dividends Net Invst Incm$14,653DividendsNetInvstIncmAmt
Dividends Adj Net Incm$14,653DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$8,713NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$233,074GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$7,981CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$205,999TotalRevAndExpnssAmt
Total Net Invst Incm$22,693TotalNetInvstIncmAmt
Total Adj Net Incm$14,712TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$2,200AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$75TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$35OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$2,310TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$162,020ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$162,020ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$164,330TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$162,020TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$41,669ExcessRevenueOverExpensesAmt
Net Investment Income$22,693NetInvestmentIncomeAmt
Adjusted Net Income$14,712AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$96,431CashBOYAmt
Cash EOY$58,667CashEOYAmt
Cash EOYFMV$58,667CashEOYFMVAmt
Sav And Temp Cash Invst BOY$1,281,684SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,169,858SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,227,610SavAndTempCashInvstEOYFMVAmt
Total Assets BOY$1,378,115TotalAssetsBOYAmt
Total Assets EOY$1,228,525TotalAssetsEOYAmt
Total Assets EOYFMV$1,286,277TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,378,115NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$1,228,525NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$1,378,115TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,228,525TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,378,115TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,228,525TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,378,115TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$41,669ExcessRevenueOverExpensesAmt
Subtotal$1,419,784SubtotalAmt
Other Decreases$191,259OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,228,525TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$7,981CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$315InvestmentIncomeExciseTaxAmt
Subtotal$315SubtotalAmt
Tax Based On Investment Income$315TaxBasedOnInvestmentIncomeAmt
Tax Due$315TaxDueAmt

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
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationYes (true)PrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksSIMON HONGIndividualWithBooksNm
Phone2136232221PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1660 SO FIGUEROA STREET 2300AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90017ZIPCd
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

FieldValueIRS element (for citing)
PersonSIMON HONGPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1660 SO FIGUEROA STREET 2300AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90017ZIPCd
FieldValueIRS element (for citing)
TitleCEOTitleTxt
Average Hrs Per Wk Devoted To Pos2.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1THE FOUNDATION'S ONLY ACTIVITIES IN 2023 WERE THE DONATIONS TO RELIGIOUS NON-PROFIT ORGANIZATIONS, SUCH AS CHURCH AND CHRISTIAN MISSIONARY ORGANIZATIONS.Description1Txt
Expenses1$2,200Expenses1Amt

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$1,167,019AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$55,382AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,222,401TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,222,401AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$18,336CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,204,065NetVlNoncharitableAssetsAmt
Minimum Investment Return$60,203MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$162,020ExpensesAndContributionsAmt
Qualifying Distributions$162,020QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Qualifying Distributions$162,020QualifyingDistributionsAmt
Remaining Distri From Corpus$162,020RemainingDistriFromCorpusAmt
Total Corpus$162,020TotalCorpusAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$14,712CurrentYearAmt
Year1$4,583Year1Amt
Year2$79,918Year2Amt
Year3$1,019Year3Amt
Total$100,232TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Current Year$12,505CurrentYearAmt
Year1$3,896Year1Amt
Year2$67,930Year2Amt
Year3$866Year3Amt
Total$85,197TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$162,020CurrentYearAmt
Year1$99,815Year1Amt
Year2$94,900Year2Amt
Year3$56,960Year3Amt
Total$413,695TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$162,020CurrentYearAmt
Year1$99,815Year1Amt
Year2$94,900Year2Amt
Year3$56,960Year3Amt
Total$413,695TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$40,135CurrentYearAmt
Year1$47,555Year1Amt
Year2$53,279Year2Amt
Year3$123,293Year3Amt
Total$264,262TotalAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ACCOMPANY WORLDWIDE INC
5026 ROSEWOOD AVE 404LOS ANGELESCA90004N/ARECEIVEDCHARITABLE ORG.$3,600
ALL NATIONS CHURCH
10000 FOOTHILL BLVDLAKE VIEW TERRACECA91342N/ARECEIVEDCHURCH$85,300
CHRIST KINGDOM CHURCH
300 LAGUNA ROADFULLERTONCA92835N/ARECEIVEDCHURCH$2,400
GLOBAL PARTNERS
10582 KATELLA AVENUEANAHEIMCA92804N/ARECEIVEDCHRISTIAN MISSIONARY ORG.$2,400
GOOD NEIGHBORS
PO BOX 86755LOS ANGELESCA90086N/ARECEIVEDCHRISTIAN MISSIONARY ORG.$420
PROFESSIONAL FOR GLOBAL MISSIONS
1 ANTIOCH AVECONSHOHOCKENPA19428N/ARECEIVEDCHRISTIAN MISSIONARY ORG.$1,200
PROVIDENCE UNIVERSITY
1206 LYNDON STSOUTH PASADENACA91030N/ARECEIVEDCHRISTIAN MISSIONARY ORG.$5,000
RAINBOW FAMILY MINISTRY
PO BOX 602CYPRESSCA90630N/ARECEIVEDCHRISTIAN MISSIONARY ORG.$1,000
SILK ROAD CONNECTION
PO BOX 1127LA CANADACA91012N/ARECEIVEDCHRISTIAN MISSIONARY ORG.$4,800
VISION 800 GLOBAL
500 SHATTO PL 420LOS ANGELESCA90020N/ARECEIVEDCHRISTIAN MISSIONARY ORG.$1,500
VOICE IN THE WILDERNESS
PO BOX 46076KANSAS CITYMO64134N/ARECEIVEDCHARITABLE ORG.$2,000
IATA CHERISH MISSION
1801 SO GRAND AVENUELOS ANGELESCA90015N/ARECEIVEDCHARITABLE ORG.$2,000
SILK WAVE MISSION
2111 WEST CRESCENT AVEANAHEIMCA92801N/ARECEIVEDCHRISTIAN MISSIONARY ORG.$48,000
YWAM KMC
PO BOX 41541PASADENACA91114N/ARECEIVEDCHRISTIAN MISSIONARY ORG.$2,400
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$162,020TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion25ExclusionCd
Exclusion$59ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion25ExclusionCd
Exclusion$14,653ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion25ExclusionCd
Exclusion$7,981ExclusionAmt
Related Or Exempt Function Incm-$16,694RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$22,693ExclusionAmt
Related Or Exempt Function Incm-$16,694RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$5,999TotalIncomeProducingActyAmt

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

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonSIMON HONGContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1660 SO FIGUEROA STREET 2300AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90017ZIPCd
FieldValueIRS element (for citing)
Total Contributions$200,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$2,200Amt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (2 entries)

AssetAssetDescHow AcquiredHowAcquiredTxtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
PERSHING, LLCPURCHASE$4,498$4,842-$344
PERSHING, LLCPURCHASE$220,595$236,945-$16,350

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (2 entries)

DescDescAmtAmt
2022 990-PF FEDERAL TAX$306
TRANSFER TO SAVINGS 8176 (CAP 1)$190,953

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
BANK FEES$35

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryANNUAL REGISTRATION FEECategoryTxt
Amt$75Amt

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