TREASURE FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
TREASURE FOUNDATION (EIN 83-2919959)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-10-16
IRS object ID
202302899349101135
Schema version
2022v5.0
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)
Return2023-10-16T18:42:41-04:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt
Disaster ReliefCALIFORNIA DISASTER RELIEFDisasterReliefTxt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN203987295PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JAMES Y LEE & CO ACBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12855 MICHELLE STE 200AddressLine1Txt
CityIRVINECityNm
State AbbreviationCAStateAbbreviationCd
ZIP926061011ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN832919959EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE TREASURE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTREABusinessNameControlTxt
Phone9493039633PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12855 MICHELLE DRIVE STE 200AddressLine1Txt
CityIRVINECityNm
State AbbreviationCAStateAbbreviationCd
ZIP92606ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJEHONG JEONPersonNm
Person TitleCEOPersonTitleTxt
Phone9493039633PhoneNum
Signature2023-10-16SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJEHONGPersonFirstNm
Person LastJEONPersonLastNm
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 Y LEEPreparerPersonNm
PTINP00286392PTIN
Phone7146691400PhoneNum
Preparation2023-10-16PreparationDt
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Special ConditionCALIFORNIA DISASTER RELIEFSpecialConditionDesc
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$34,278,159FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$106,896InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$106,896InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$604,926DividendsRevAndExpnssAmt
Dividends Net Invst Incm$604,926DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$1,361,194NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$11,295,864GrossSalesPriceAmt
Total Rev And Expnss-$649,372TotalRevAndExpnssAmt
Total Net Invst Incm$711,822TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$2,700AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$14,328TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$142,545OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$142,545OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$159,573TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$142,545TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$2,427,911ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$2,427,911ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$2,587,484TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$142,545TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$2,427,911TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$3,236,856ExcessRevenueOverExpensesAmt
Net Investment Income$569,277NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,225,299CashBOYAmt
Cash EOY$3,948,989CashEOYAmt
Cash EOYFMV$3,962,551CashEOYFMVAmt
Sav And Temp Cash Invst BOY$36,098,092SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$30,150,956SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$30,308,476SavAndTempCashInvstEOYFMVAmt
Prepaid Expenses BOY$397PrepaidExpensesBOYAmt
Prepaid Expenses EOY$7,132PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV$7,132PrepaidExpensesEOYFMVAmt
Total Assets BOY$37,323,788TotalAssetsBOYAmt
Total Assets EOY$34,107,077TotalAssetsEOYAmt
Total Assets EOYFMV$34,278,159TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$37,323,788NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$34,107,077NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$37,323,788TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$34,107,077TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$37,323,788TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$34,107,077TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$37,323,788TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$3,236,856ExcessRevenueOverExpensesAmt
Other Increases$101,008OtherIncreasesAmt
Subtotal$34,187,940SubtotalAmt
Other Decreases$80,863OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$34,107,077TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
BOAP$1,580,077$1,938,990-$358,913-$358,913
BOAP$7,528,560$8,312,427-$783,867-$783,867
CHARLES SCHWABP$415,933$464,351-$48,418-$48,418
CHARLES SCHWABP$1,757,222$1,941,290-$184,068-$184,068
FieldValueIRS element (for citing)
Capital Gain Net Income-$1,361,194CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$407,331NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$7,913InvestmentIncomeExciseTaxAmt
Subtotal$7,913SubtotalAmt
Tax Based On Investment Income$7,913TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$15,388EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$15,388TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$343EsPenaltyAmt
Overpayment$7,132OverpaymentAmt
Applied To ES Tax$7,132AppliedToESTaxAmt

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 FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundYes (true)DonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksJAMES Y LEEIndividualWithBooksNm
Phone7146691400PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12855 MICHELLE DR STE 200AddressLine1Txt
CityIRVINECityNm
State AbbreviationCAStateAbbreviationCd
ZIP92606ZIPCd
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)
PersonJEHONG JEONPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12855 MICHELLE DR STE 200AddressLine1Txt
CityIRVINECityNm
State AbbreviationCAStateAbbreviationCd
ZIP92606ZIPCd
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

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$35,845,924AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$2,256,174AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$38,102,098TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$38,102,098AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$571,531CashDeemedCharitableAmt
Net Vl Noncharitable Assets$37,530,567NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,876,528MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,876,528MinimumInvestmentReturnAmt
Tax Based On Investment Income$7,913TaxBasedOnInvestmentIncomeAmt
Total Tax$7,913TotalTaxAmt
Distributable Before Adj$1,868,615DistributableBeforeAdjAmt
Distributable Before Ded$1,868,615DistributableBeforeDedAmt
Distributable As Adjusted$1,868,615DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$2,427,911ExpensesAndContributionsAmt
Qualifying Distributions$2,427,911QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,868,615DistributableAsAdjustedAmt
Undistributed Income PY$2,027,911UndistributedIncomePYAmt
Qualifying Distributions$2,427,911QualifyingDistributionsAmt
Applied To Year1$2,027,911AppliedToYear1Amt
Applied To Current Year$400,000AppliedToCurrentYearAmt
Undistributed Income CY$1,468,615UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
BOA CHARITABLE GIFT FUND
100 FEDERAL STBOSTONMA02110PCCHARITABLE DONATION$400,000
BOA CHARITABLE GIFT FUND
100 FEDERAL STBOSTONMA02110PCCHARITABLE DONATION$2,027,911
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$2,427,911TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$106,896RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$604,926RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$1,361,194RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$649,372RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$649,372TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (3 entries)

Line NumberLineNumberTxtRelationship StatementRelationshipStatementTxt
3INTEREST
4DIVIDENDS
8CAPITAL GAIN

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$2,700Amt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (2 entries)

DescDescAmtAmt
PENALTY$352
UNREALIZED LOSS$80,511

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
MANAGEMENT FEE$116,015$116,015
INVESTMENT EXPENSE$26,530$26,530

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescUNREALIZED GAINDesc
Amt$101,008Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryTAXES AND LICENSESCategoryTxt
Amt$14,328Amt

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