CHUNG CHARITABLE FOUNDATION INC: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- CHUNG CHARITABLE FOUNDATION INC (EIN 77-0607988)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-06-28
- IRS object ID
- 202441809349101209
- Schema version
- 2023v5.1
- 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
- Accounting Fees Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-06-28T18:07:12-07:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 330943985 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOPHIA MC YANG & CO CPA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 17534 VON KARMAN AVE | AddressLine1Txt |
| City | IRVINE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92614 | 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 | 770607988 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE CHUNG CHARITABLE FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CHUN | BusinessNameControlTxt |
| Phone | 9496608988 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 DOVE ST STE 300 | AddressLine1Txt |
| City | NEWPORT BEACH | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92660 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CHRISTINE CHUNG | PersonNm |
| Person Title | Vice President | PersonTitleTxt |
| Signature | 2024-06-28 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | CHRISTINE | 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 | SOPHIA YANG | PreparerPersonNm |
| PTIN | P01343930 | PTIN |
| Phone | 9496518080 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Federated Assurance Level | FAL1 | FederatedAssuranceLevelCd |
| 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 | $7,559,684 | 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 | $533,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $16,621 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $16,621 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $284,782 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $284,782 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $57,364 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,221,438 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $57,364 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $1,416 | OtherIncomeRevAndExpnssAmt |
| Total Rev And Expnss | $893,183 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $358,767 | TotalNetInvstIncmAmt |
| Accounting Fees Rev And Expnss | $5,500 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Chrtbl Prps | $5,500 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $20,708 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $20,683 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $25 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $20,417 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $16,163 | TaxesNetInvstIncmAmt |
| Trav Conf Meeting Rev And Expnss | $1,259 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $1,259 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $3,836 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $3,836 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $51,720 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $40,682 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $6,784 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $331,600 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $331,600 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $383,320 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $40,682 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $338,384 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $509,863 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $318,085 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $2,356,334 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,437,390 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,437,390 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations EOY | $1,643,831 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $1,673,856 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $4,582,416 | CorporateStockBOYAmt |
| Corporate Stock EOY | $4,367,394 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $4,448,438 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $6,938,750 | TotalAssetsBOYAmt |
| Total Assets EOY | $7,448,615 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $7,559,684 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $1 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $3 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $1 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $3 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $6,938,749 | RetainedEarningBOYAmt |
| Retained Earning EOY | $7,448,612 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $6,938,749 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $7,448,612 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $6,938,750 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $7,448,615 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $6,938,749 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $509,863 | ExcessRevenueOverExpensesAmt |
| Subtotal | $7,448,612 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $7,448,612 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (28 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| 10000.000 PETROLEO BRASILEIRO SA PETROBRAS SPON AD | P | 2022-12-12 | 2023-04-18 | $121,999 | $101,950 | $20,049 | $20,049 |
| 10000.000 PETROLEO BRASILEIRO SA PETROBRAS SPON AD | P | 2022-12-14 | 2023-06-05 | $124,999 | $97,500 | $27,499 | $27,499 |
| 10000.000 PETROLEO BRASILEIRO SA PETROBRAS SPON AD | P | 2022-12-14 | 2023-06-07 | $129,999 | $95,000 | $34,999 | $34,999 |
| 10000.000 PETROLEO BRASILEIRO SA PETROBRAS SPON AD | P | 2022-12-14 | 2023-06-09 | $134,999 | $92,000 | $42,999 | $42,999 |
| 166.667 ARCONIC CORPORATION COM | P | 2012-11-08 | 2023-08-21 | $5,000 | $1,398 | $3,602 | $3,602 |
| 108.333 ARCONIC CORPORATION COM | P | 2013-04-18 | 2023-08-21 | $3,250 | $858 | $2,392 | $2,392 |
| 40.000 HOVNANIAN ENTERPRISES INC CL | P | 2012-09-26 | 2023-06-12 | $3,626 | $3,488 | $138 | $138 |
| 5000.000 CRESCENT PT ENERGY CORP FOREIGN STOCK CA | P | 2022-06-10 | 2023-08-10 | $41,975 | $51,475 | -$9,500 | -$9,500 |
| 5000.000 CRESCENT PT ENERGY CORP FOREIGN STOCK CA | P | 2022-06-13 | 2023-08-10 | $41,975 | $48,350 | -$6,375 | -$6,375 |
| 5000.000 ENERGY TRANSFER LP UNITS LTD PARTNERSHIP | P | 2022-05-09 | 2023-09-18 | $68,960 | $54,488 | $14,472 | $14,472 |
| 38.000 REGENERON PHARMS INC | P | 2021-10-14 | 2023-02-13 | $29,107 | $21,184 | $7,923 | $7,923 |
| 312.500 LORD ABBETT SHORT DURATION INCOME I | P | 2021-04-14 | 2023-03-16 | $1,200 | $1,316 | -$116 | -$116 |
| 154.000 STRYKER CORP | P | 2020-03-20 | 2023-03-21 | $42,733 | $22,054 | $20,679 | $20,679 |
| 414.000 MEDTRONIC PLC | P | 2020-03-03 | 2023-07-21 | $36,899 | $41,496 | -$4,597 | -$4,597 |
| 764 VANGUARD SHORT TERM TREASURY ETF | P | 2022-06-15 | 2023-08-10 | $44,090 | $44,718 | -$628 | -$628 |
| 3607.3060 SHWAB US AGGREGATE BOND | P | 2022-09-29 | 2023-09-15 | $31,239 | $31,600 | -$361 | -$361 |
| 6072.368 LORD ABBETT SHORT DURATION INCOME I | P | 2022-01-01 | 2023-09-15 | $23,075 | $25,576 | -$2,501 | -$2,501 |
| 7192.24 DOUBLELINE TOTAL RETURN BOND I | P | 2022-01-01 | 2023-09-15 | $61,620 | $77,272 | -$15,652 | -$15,652 |
| 1035.168 SCHWAB US AGGREGATE BOND ETF | P | 2022-01-01 | 2023-09-15 | $8,965 | $11,000 | -$2,035 | -$2,035 |
| 324.000 MEDTRONIC PLC | P | 2020-03-03 | 2023-09-21 | $26,200 | $32,475 | -$6,275 | -$6,275 |
| 470.000 3M CO | P | 2019-10-16 | 2023-09-21 | $46,119 | $76,397 | -$30,278 | -$30,278 |
| 32475.000 SCHWAB TREASURY OBLIG MO | P | 2023-09-29 | 2023-10-18 | $32,475 | $32,475 | ||
| 103.000 T ROWE PRICE GROUP: TROW | P | 2020-02-07 | 2023-11-22 | $10,114 | $14,169 | -$4,055 | -$4,055 |
| 229.000 ZEBRA TECHNOLOGIES CLASS A | P | 2022-03-22 | 2023-11-22 | $51,179 | $98,896 | -$47,717 | -$47,717 |
| 134.000 SCHWAB INTERNATIONAL EQUITY ETF | P | 2019-12-06 | 2023-11-22 | $4,732 | $4,488 | $244 | $244 |
| 544 SCHWAB US AGGREGATE BOND ETF | P | 2019-10-16 | 2023-09-15 | $24,442 | $29,169 | -$4,727 | -$4,727 |
| 1000 SCHWAB US AGGREGATE BOND ETF | P | 2019-11-12 | 2023-09-15 | $44,929 | $53,282 | -$8,353 | -$8,353 |
| Capital Gain Dividends | $25,538 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $57,364 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $125,185 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $4,421 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $4,421 | SubtotalAmt |
| Tax Based On Investment Income | $4,421 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $9,203 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $9,203 | TotalPaymentsAndCreditsAmt |
| Overpayment | $4,782 | OverpaymentAmt |
| Applied To ES Tax | $4,782 | AppliedToESTaxAmt |
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 | false | 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 |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHRISTINE CHUNG | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9496608988 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 DOVE ST STE 300 | AddressLine1Txt |
| City | NEWPORT BEACH | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 926602850 | 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 | false | 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 |
|---|---|---|---|---|---|---|
| NELSON CHUNG | ||||||
| 1000 DOVE ST STE 300 | NEWPORT BEACH | CA | 926602850 | President | 1.00 | $0 |
| CHRISTINE CHUNG | ||||||
| 1000 DOVE ST STE 300 | NEWPORT BEACH | CA | 926602850 | Vice President | 1.00 | $0 |
| JENNIFER CHUNG | ||||||
| 1000 DOVE ST STE 300 | NEWPORT BEACH | CA | 926602850 | Vice President | 12.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $5,339,126 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,531,938 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $6,871,064 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $6,871,064 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $103,066 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $6,767,998 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $338,400 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $338,400 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $4,421 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $4,421 | TotalTaxAmt |
| Distributable Before Adj | $333,979 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $333,979 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $333,979 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $338,384 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $338,384 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $333,979 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $330,215 | UndistributedIncomePYAmt |
| Qualifying Distributions | $338,384 | QualifyingDistributionsAmt |
| Applied To Year1 | $330,215 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $8,169 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $325,810 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NELSON CHUNG | ContributingManagerNm |
| Contributing Manager | CHRISTINE CHUNG | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (16 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| FIDELITY CHARITABLE | |||||||
| PO BOX 770001 | CINCINNATI | OH | 45277 | NONE | PC | GENERAL & UNRESTRICTED | $255,000 |
| SOPHIE CHENG | |||||||
| 63 WINDINGWAY | IRVINE | CA | 92614 | NONE | I | SCHOLARSHIP | $5,000 |
| AMOS HEALTH HOPE | |||||||
| 3088 HABERLIEN RD | GIBSONIA | PA | 15044 | NONE | PC | GENERAL & UNRESTRICTED | $2,000 |
| CCLIFE | |||||||
| 670 BONDED PKWY | STREAMWOOD | IL | 60107 | NONE | PC | GENERAL AND UNRESTRICTED | $500 |
| BETHIA ACKERMAN | |||||||
| 36943 REGENCY PLANCE | PALMDALE | CA | 93552 | NONE | I | SCHOLARSHIP | $500 |
| SALLY CHENG | |||||||
| 63 WINDING WAY | IRVINE | CA | 92614 | NONE | I | SCHOLARSHIP | $500 |
| MARINERS CHRISTIAN SCHOOL | |||||||
| 300 FISCHER AVENUE | COSTA MESA | CA | 92626 | NONE | PC | GENERAL & UNRESTRICTED | $500 |
| ELIJAH WEN | |||||||
| 169 KENSINGTON PARK | IRVINE | CA | 92606 | NONE | I | SCHOLARSHIP | $10,000 |
| NINA NICOLE GONZALES | |||||||
| 376 SANTA ANA BARBARA | IRVINE | CA | 92606 | NONE | I | SCHOLARSHIP | $5,000 |
| KAYLEN OCAMPO | |||||||
| 621 N NEGLEY AVE APT 1B | PITTSBURGH | PA | 15206 | NONE | I | SCHOLARSHIP | $5,000 |
| TVT COMMUNITY DAY SCHOOL | |||||||
| 5200 BONITA CANYON DR | IRVINE | CA | 92603 | NONE | PC | GENERAL & UNRESTRICTED | $3,600 |
| CHOC FOUNDATION | |||||||
| 1201 WEST LA VETA AVENUE | ORANGE | CA | 92868 | NONE | PC | GENERAL & UNRESTRICTED | $2,000 |
| FRIENDS OF ANTELOP VALLEY FOUNDATIO | |||||||
| 2551 WEST AVE H STE 102 | LANDCASTER | CA | 93536 | NONE | PC | GENERAL & UNRESTRICTED | $30,000 |
| MORENO VALLEY MISIC FESTIVAL | |||||||
| 1123 S HATCHER AVE UNIT C | INDUSTRY | CA | 92748 | NONE | PC | GENERAL & UNRESTRICTED | $3,000 |
| REFUGE CALVARY CHAPEL | |||||||
| 7800 EDINGER AVE | HUNTINGTON BEACH | CA | 92647 | NONE | PC | GENERAL & UNRESTRICTED | $1,000 |
| CHELSIE HWI | |||||||
| 31 WHEATBERY | IRVINE | CA | 92618 | NONE | I | GENERAL & UNRESTRICTED | $8,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $331,600 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $16,621 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $284,782 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 15 | ExclusionCd |
| Exclusion | $1,416 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $57,364 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $360,183 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $360,183 | 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 (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| CHUNG NELSON P | ||||||
| 1 | 8 HORIZON STREET | NEWPORT COAST | CA | 92657 | $500,000 | Yes (X) |
| PACIFIC COMMUNITIES BUILDER INC | ||||||
| 2 | 1000 DOVE STREET STE 100 | NEWPORT BEACH | CA | 92660 | $33,000 | Yes (X) |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | TAX PREPARATION FEES | CategoryTxt |
| Amt | $5,500 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $5,500 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (45 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 500 SPDR SER TR S&P HOMEBUILDERS ETF(XHB | $13,993 | $47,830 |
| 5000 BARRICK GOLD CORP COMN PV | $80,030 | $90,450 |
| 13348 SCHWAB US LARGE CAP ETF | $490,827 | $752,827 |
| 158.479 FIDELITY BLUE CHIP GROWTH | $17,540 | $27,460 |
| 2725 SCHWAB EMERGING MARKETS EQUITY ETF | $69,768 | $67,553 |
| 93.583 RIVERNORTH DOUBLELINE ST RAT | $875 | $817 |
| 8941 SCHWAB INTERNATIONAL EQUITY ETF | $289,150 | $330,459 |
| 224 AUTO DATA PROCESSING | $29,727 | $52,185 |
| 189 CINTAS CORP | $30,768 | $113,903 |
| 1746 INTEL CORP | $110,622 | $87,737 |
| 46 STRYKER CORP | $6,588 | $13,775 |
| 16566.938 LORD ABBETT SHORT DURATI | $69,392 | $63,783 |
| 5303.6420 RIVERNORTH DOUBLELINE ST R | $54,036 | $46,195 |
| 1100 HOWMET AEROSPACE INC COM | $17,212 | $59,532 |
| 272 LOCKHEED MARTIN CORP | $96,319 | $123,281 |
| 140 REGENERON PHARMS INC | $78,045 | $122,961 |
| 516 SNAP ON INC | $88,256 | $149,041 |
| 800 ARK INNOVATION ETF | $92,152 | $41,896 |
| 1600 EMERGING MRKTS INTERNET & EC ETF | $97,704 | $49,296 |
| 4800 KRANESHARES CSI CHINA INTERNET ETF | $304,580 | $129,600 |
| 416 PIONEER NATURAL RES | $96,634 | $93,550 |
| 400 AMERN TOWER CORP | $91,671 | $86,352 |
| 4400 FLEXSHARES TRUST MORNINGSTAR GLOBAL | $202,646 | $180,180 |
| 3100 ZIM INTEGRATED SHIPPING SERVICES | $197,437 | $30,597 |
| 10000 PETROLEO BRASILEIRO SA PETROBRAS | $90,000 | $159,700 |
| 1000 UBER TECHNOLOGIES INC COM | $29,834 | $61,570 |
| 4000 GOLDEN OCEAN GROUP LTD | $53,677 | $38,764 |
| 7500 PETROLEO BRASILEIRO SA SPON ADR | $99,938 | $119,775 |
| 4100 ZIM INTEGRATED SHIPPING SERVICES LT | $243,039 | $40,467 |
| 600 VANECK AGRIBUSINESS ETF | $55,815 | $45,708 |
| 5000 INVESCO OPTIMUM YIELD DIVERSIFIED C | $93,690 | $66,500 |
| 15200 ENERGY TRANSFER LP UNITS LTD PARTN | $159,108 | $209,760 |
| 1000 J P MORGAN EXCHANGE TRADED FD EQUIT | $52,840 | $54,980 |
| 2500 TORM PLC SER A USD0.01 | $59,205 | $76,025 |
| 121 ADOBE INC | $45,167 | $72,189 |
| 200 AUTODESK INC | $41,057 | $48,696 |
| 324 RESMED INC | $44,414 | $55,734 |
| 552 WALT DISNEY CO | $48,111 | $49,840 |
| 514 SPDR BLOOMBERG 13 MNTH T BILL ETF | $47,067 | $46,974 |
| 2223 VANGUARD TOTAL BOND | $157,433 | $163,502 |
| 6314.432 BLACKROCK TOTAL RETURN I | $63,550 | $63,334 |
| 9027.498 JPMORGAN INCOME I | $72,700 | $75,380 |
| 2000 SOCIEDAD QUIMICA I MINERA CHILE-ADR | $152,927 | $120,440 |
| 2000 KRANESHARES TR CSI CHINA INTERNET E | $60,290 | $54,000 |
| 4000 BLACK STONE MINERALS L P MLP | $71,560 | $63,840 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $1,643,831 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $1,673,856 | USGovtObligationsEOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| BANK SERVICE CHARGE | $6 | $6 |
| K1 PASS THROUGH INVESTMENT EXPENSES | $3,830 | $3,830 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Other Investment Income | Desc |
| Revenue And Expenses Per Books | $1,416 | RevenueAndExpensesPerBooksAmt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Rounding | Desc |
| BOY Book Value | $1 | BOYBookValueAmt |
| EOY Book Value | $3 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| DELAWARE AGENT ANNUAL FEE | $25 | $0 | $0 | $25 |
| INVESTMENT MANAGEMENT SERVICES | $20,558 | $20,558 | $0 | $0 |
| PROFESSIONAL SERVICE FEE | $125 | $125 | $0 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FEDERAL TAX | $4,254 | |
| FOREIGN TAX PAID ON DIVIDEND INCOME | $16,163 | $16,163 |
Comments