CHUNG CHARITABLE FOUNDATION INC: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- CHUNG CHARITABLE FOUNDATION INC (EIN 77-0607988)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-05-13
- IRS object ID
- 202521339349103087
- Schema version
- 2024v5.1
- 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 | 2025-05-13T11:45:55-07:00 | ReturnTs |
| Tax Period End | 2024-12-31 | 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 | 2024-01-01 | 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 | 2025-05-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| 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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $7,886,036 | 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 | $100,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $37,037 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $37,037 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $263,016 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $263,016 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$357,492 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,076,180 | GrossSalesPriceAmt |
| Other Income Rev And Expnss | $1,281 | OtherIncomeRevAndExpnssAmt |
| Total Rev And Expnss | $43,842 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $300,053 | TotalNetInvstIncmAmt |
| Accounting Fees Rev And Expnss | $5,750 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Chrtbl Prps | $5,750 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $24,218 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $23,862 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $356 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $12,193 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $7,193 | TaxesNetInvstIncmAmt |
| Trav Conf Meeting Rev And Expnss | $2,448 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $2,448 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $2,089 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $2,089 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $46,698 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $33,144 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $8,554 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $317,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $317,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $364,198 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $33,144 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $326,054 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$320,356 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $266,909 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $1,437,390 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $672,501 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $672,501 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $1,643,831 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $385,456 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $397,224 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $4,367,394 | CorporateStockBOYAmt |
| Corporate Stock EOY | $6,070,300 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $6,816,311 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $7,448,615 | TotalAssetsBOYAmt |
| Total Assets EOY | $7,128,257 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $7,886,036 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $3 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $1 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $3 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $7,448,612 | RetainedEarningBOYAmt |
| Retained Earning EOY | $7,128,256 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $7,448,612 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $7,128,256 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $7,448,615 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $7,128,257 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $7,448,612 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$320,356 | ExcessRevenueOverExpensesAmt |
| Subtotal | $7,128,256 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $7,128,256 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (33 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| 162.0000 SNAP ON INC LT | P | 2021-01-13 | 2024-02-08 | $43,236 | $27,708 | $15,528 | $15,528 |
| 416.0000 PIONEER NATRUAL RES: PXD LT | P | 2022-08-17 | 2024-03-15 | $103,828 | $96,634 | $7,194 | $7,194 |
| 113.0000 CINTAS CORP | P | 2020-04-02 | 2024-06-28 | $79,940 | $18,396 | $61,544 | $61,544 |
| 106.0000 SNAP ON INC LT | P | 2021-01-13 | 2024-06-28 | $27,527 | $18,130 | $9,397 | $9,397 |
| 1196.0000 INTEL CORP: INTC | P | 2020-02-07 | 2024-08-15 | $24,649 | $79,414 | -$54,765 | -$54,765 |
| 325.0000 INTEL CORP: INTC | P | 2021-01-15 | 2024-08-15 | $6,698 | $19,108 | -$12,410 | -$12,410 |
| 225 INTEL CORP: INTC | P | 2021-08-05 | 2024-08-15 | $4,637 | $12,099 | -$7,462 | -$7,462 |
| 221 SCHWAB US LARGE CAP ETF | P | 2019-11-12 | 2024-08-15 | $8,292 | $7,029 | $1,263 | $1,263 |
| 241 SCHWAB INTERNATIONAL EQUITY ETF | P | 2019-12-06 | 2024-08-15 | $9,471 | $8,072 | $1,399 | $1,399 |
| 267.0000 SCHWAB US LARGE CAP ETF | P | 2021-07-14 | 2024-08-21 | $17,667 | $14,112 | $3,555 | $3,555 |
| 583.0000 SCHWAB US LARGE CAP ETF | P | 2022-11-14 | 2024-08-21 | $38,576 | $27,553 | $11,023 | $11,023 |
| 394.0000 SPDR BLOOMBERG 1 3 | P | 2023-08-10 | 2024-09-05 | $36,042 | $36,079 | -$37 | -$37 |
| 144.0000 AMERICAN TOWER CORP | P | 2022-02-18 | 2024-10-10 | $31,650 | $33,002 | -$1,352 | -$1,352 |
| 3.0000 REGENERON PHARMS INC | P | 2021-10-14 | 2024-10-10 | $3,029 | $1,672 | $1,357 | $1,357 |
| 82.0000 RESMED INC | P | 2023-09-21 | 2024-10-10 | $19,379 | $11,240 | $8,139 | $8,139 |
| 500000.0000 UNITED STATES TREASURY SER BL-2023 | P | 2023-04-10 | 2024-01-02 | $500,000 | $486,063 | $13,937 | $13,937 |
| 250000.0000 UNITED STATES TREASURY SER V-2024 | P | 2023-04-10 | 2024-02-29 | $250,000 | $245,044 | $4,956 | $4,956 |
| 250000.0000 UNITED STATES TREASURY SER M-2024 | P | 2023-10-03 | 2024-07-01 | $250,000 | $243,784 | $6,216 | $6,216 |
| 1500.000 ZIM INTEGRATED SHIPPING | P | 2022-05-17 | 2024-01-05 | $22,500 | $97,725 | -$75,225 | -$75,225 |
| 4000.000 BLACK STONE MINERALS MLP | P | 2023-10-23 | 2024-04-17 | $62,760 | $71,560 | -$8,800 | -$8,800 |
| 5000.000 INVESCO OPTIMUM YIELD | P | 2022-03-08 | 2024-04-17 | $71,124 | $93,691 | -$22,567 | -$22,567 |
| 1500.000 KRANESHARES CSI CHINA | P | 2021-07-02 | 2024-04-11 | $40,815 | $100,018 | -$59,203 | -$59,203 |
| 1600.000 KRANESHARES CSI CHINA | P | 2021-07-06 | 2024-04-11 | $43,536 | $101,646 | -$58,110 | -$58,110 |
| 1700.000 KRANESHARES CSI CHINA | P | 2021-07-19 | 2024-04-11 | $46,257 | $102,916 | -$56,659 | -$56,659 |
| 1600.000 ZIM INTEGRATED SHIPPING | P | 2022-05-18 | 2024-05-10 | $28,800 | $97,184 | -$68,384 | -$68,384 |
| 1000.000 ZIM INTEGRATED SHIPPING | P | 2022-06-12 | 2024-05-24 | $20,999 | $48,130 | -$27,131 | -$27,131 |
| 4000.000 GOLDEN OCEAN GROUP LTD | P | 2022-06-10 | 2024-06-03 | $56,141 | $53,677 | $2,464 | $2,464 |
| 800.000 ARK INNOVATION ETF | P | 2021-06-15 | 2024-07-22 | $37,971 | $92,152 | -$54,181 | -$54,181 |
| 1600.000 EMQQ THE EMERGING MARKETS | P | 2021-06-15 | 2024-07-22 | $53,495 | $97,704 | -$44,209 | -$44,209 |
| 600.000 VANECK AGRIBUISNESS | P | 2022-06-10 | 2024-07-22 | $43,163 | $55,815 | -$12,652 | -$12,652 |
| 224 AUTO DATA PROCESSING | P | 2020-03-12 | 2024-06-18 | $54,668 | $29,727 | $24,941 | $24,941 |
| 46 STRYKER CORP | P | 2020-03-20 | 2024-06-18 | $16,008 | $6,588 | $9,420 | $9,420 |
| Capital Gain Dividends | $23,322 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$357,492 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $16,309 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $3,710 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $3,710 | SubtotalAmt |
| Tax Based On Investment Income | $3,710 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $4,782 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $4,782 | TotalPaymentsAndCreditsAmt |
| Overpayment | $1,072 | OverpaymentAmt |
| Applied To ES Tax | $1,072 | 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 | $6,217,810 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,806,863 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $8,024,673 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $8,024,673 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $120,370 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $7,904,303 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $395,215 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $395,215 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $3,710 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $3,710 | TotalTaxAmt |
| Distributable Before Adj | $391,505 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $391,505 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $391,505 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $326,054 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $326,054 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $391,505 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $325,810 | UndistributedIncomePYAmt |
| Qualifying Distributions | $326,054 | QualifyingDistributionsAmt |
| Applied To Year1 | $325,810 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $244 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $391,261 | 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 (13 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 | $263,000 |
| SOPHIE CHENG | |||||||
| 63 WINDINGWAY | IRVINE | CA | 92614 | NONE | I | SCHOLARSHIP | $10,000 |
| 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 |
| ELIJAH WEN | |||||||
| 169 KENSINGTON PARK | IRVINE | CA | 92606 | NONE | I | SCHOLARSHIP | $10,000 |
| 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 | $10,000 |
| LOGOS EVANGELICAL SEMINARY | |||||||
| 9358 TELSTAR AVE | EL MONTE | CA | 91731 | NONE | PC | GENERAL & UNRESTRICTED | $1,000 |
| FRIENDS OF ANTELOP VALLEY FOUNDATIO | |||||||
| 2551 WEST AVE H STE 102 | LANDCASTER | CA | 93536 | NONE | PC | GENERAL & UNRESTRICTED | $10,000 |
| TURTLE ROCK PRESCHOOL | |||||||
| 1 CONCORDIA WEST | IRVINE | CA | 92612 | NONE | PC | GENERAL AND UNRESTRICTED | $2,500 |
| MORENO VALLEY COMMUNITY FOUNDATION | |||||||
| 14177 FREDERICK ST | MORENO VALLEY | CA | 92552 | NONE | PC | GENERAL AND NONRESTRICTED | $2,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $317,500 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $37,037 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $263,016 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,281 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$357,492 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | -$56,158 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$56,158 | 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 | $70,000 | Yes (X) |
| PACIFIC COMMUNITIES BUILDER INC | ||||||
| 2 | 1000 DOVE STREET STE 100 | NEWPORT BEACH | CA | 92660 | $30,000 | Yes (X) |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | TAX PREPARATION FEES | CategoryTxt |
| Amt | $5,750 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $5,750 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (50 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 500 SPDR SER TR S&P HOMEBUILDERS ETF(XHB | $13,993 | $52,250 |
| 5000 BARRICK GOLD CORP COMN NPV | $80,030 | $77,500 |
| 40899.00SCHWAB US LARGE CAP ETF | $518,045 | $948,039 |
| 158.479 FIDELITY BLUE CHIP GROWTH | $19,699 | $38,361 |
| 2725 SCHWAB EMERGING MARKETS EQUITY ETF | $69,768 | $72,567 |
| 93.583 RIVERNORTH DOUBLELINE ST RAT | $22,125 | $22,195 |
| 16978 SCHWAB INTERNATIONAL EQUITY ETF | $274,049 | $314,093 |
| 304 CINTAS CORP | $12,372 | $55,541 |
| 16566.938 LORD ABBETT SHORT DURATI | $69,392 | $63,948 |
| 5303.6420 RIVERNORTH DOUBLELINE ST I | $54,036 | $46,566 |
| 1100 HOWMET AEROSPACE INC COM | $17,212 | $120,307 |
| 272 LOCKHEED MARTIN CORP | $96,319 | $132,176 |
| 137 REGENERON PHARMS INC | $76,372 | $97,589 |
| 248 SNAP ON INC | $42,418 | $84,191 |
| 400 AMERN TOWER CORP | $58,670 | $46,953 |
| 4400 FLEXSHARES TRUST MORNINGSTAR GLOBAL | $202,646 | $159,984 |
| 3100 ZIM INTEGRATED SHIPPING SERVICES | $197,437 | $66,557 |
| 55000PETROLEO BRASILEIRO SA PETROBRAS S- | $703,386 | $707,300 |
| 1500 UBER TECHNOLOGIES INC COM | $57,334 | $90,480 |
| 33500 PETROLEO BRASILEIRO SA SPON ADR | $457,548 | $430,810 |
| 15200 ENERGY TRANSFER LP UNITS LTD PARTN | $159,108 | $297,768 |
| 1000 J P MORGAN EXCHANGE TRADED FD EQUIT | $52,840 | $57,530 |
| 2500 TORM PLC SER A USD0.01 | $59,205 | $48,625 |
| 121 ADOBE INC | $45,167 | $53,806 |
| 238 AUTODESK INC | $50,297 | $70,346 |
| 242 RESMED INC | $33,173 | $55,343 |
| 552 WALT DISNEY CO | $48,111 | $61,465 |
| 120 SPDR BLOOMBERG 13 MNTH T BILL ETF | $10,988 | $10,972 |
| 2223 VANGUARD TOTAL BOND | $157,433 | $159,856 |
| 6318.889 BLACKROCK TOTAL RETURN I | $63,593 | $61,483 |
| 11686.796 JPMORGAN INCOME I | $95,075 | $99,221 |
| 2000 SOCIEDAD QUIMICA I MINERA CHILE-ADR | $152,927 | $72,720 |
| 2000 KRANESHARES TRUST CSI CHI INT (KWEB | $60,290 | $58,480 |
| 2600 ISHARES SEMICONDUCTOR ETF | $575,420 | $560,274 |
| 150 VANECK SEMICONDUCTOR | $38,515 | $36,326 |
| 1500 ISHARES TR ISHARES SEMICDTR | $338,000 | $323,235 |
| 500 ISHARES RUSSELL 2000 ETF | $98,905 | $110,480 |
| 700 VANECK ETF TRUST SEMICONDUCTR ETF (s | $172,870 | $169,519 |
| 500 ANALOG DEVICES INC SOM (ADI) | $95,000 | $106,230 |
| 1000 INTEL CORP COM USD0.001 | $41,370 | $20,050 |
| 1500 MORGAN STANLEY COM USD0.01 | $132,292 | $188,580 |
| 500 UNITED PARCEL SERVICE INC CL B | $63,750 | $63,050 |
| 314 AMAZON.COM INC | $56,489 | $68,888 |
| 89 INTUIT | $54,090 | $55,937 |
| 702 LAM RESH CORP | $58,214 | $50,705 |
| 132 MICROSOFT CORP | $55,463 | $55,638 |
| 854 PAYPAL HLDGS | $48,094 | $72,889 |
| 1286 SCHLUMBERGER LTD F | $66,031 | $49,305 |
| 543 INVESCO NASDAQ 100 ETF | $107,361 | $114,274 |
| 1288 SPDR PORT INTER TRM | $37,378 | $35,909 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $385,456 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $397,224 | USGovtObligationsEOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | K1 PASS THROUGH INVESTMENT EXPENSES | Desc |
| Revenue And Expenses Per Books | $2,089 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $2,089 | NetInvestmentIncomeAmt |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Other Investment Income | Desc |
| Revenue And Expenses Per Books | $1,281 | RevenueAndExpensesPerBooksAmt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Rounding | Desc |
| BOY Book Value | $3 | BOYBookValueAmt |
| EOY Book Value | $1 | 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 | $231 | $0 | $0 | $231 |
| INVESTMENT MANAGEMENT SERVICES | $23,862 | $23,862 | $0 | $0 |
| PROFESSIONAL SERVICE FEE | $125 | $0 | $0 | $125 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FEDERAL TAX | $5,000 | |
| FOREIGN TAX PAID ON DIVIDEND INCOME | $7,193 | $7,193 |
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