HC FUND: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
HC FUND (EIN 82-2579708)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-04-04
IRS object ID
202220949349100952
Schema version
2021v4.2
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)
Return2022-04-04T06:11:10-00:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN822579708EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1HC FundBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlHCFUBusinessNameControlTxt
Phone4159351830PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11301 Clay St No 72053AddressLine1Txt
CityOaklandCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94612ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHeman ChowPersonNm
Person TitlePresidentPersonTitleTxt
Phone4159351830PhoneNum
Signature2022-03-31SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstHemanPersonFirstNm
Person LastChowPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$732,518FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$281,287ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$2,384DividendsRevAndExpnssAmt
Dividends Net Invst Incm$2,384DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$182,053NetGainSaleAstRevAndExpnssAmt
Cap Gain Net Incm Net Invst Incm$182,053CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$420OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$420OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$466,144TotalRevAndExpnssAmt
Total Net Invst Incm$184,857TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$44AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$1,413TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$592OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$2,049TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$11,800ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$11,800ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$13,849TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$11,800TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$452,295ExcessRevenueOverExpensesAmt
Net Investment Income$184,857NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$1,246SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$219SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$219SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$484,787OtherInvestmentsBOYAmt
Other Investments EOY$938,531OtherInvestmentsEOYAmt
Other Investments EOYFMV$732,299OtherInvestmentsEOYFMVAmt
Total Assets BOY$486,033TotalAssetsBOYAmt
Total Assets EOY$938,750TotalAssetsEOYAmt
Total Assets EOYFMV$732,518TotalAssetsEOYFMVAmt
Accounts Payable BOY$896AccountsPayableBOYAmt
Accounts Payable EOY$1,318AccountsPayableEOYAmt
Total Liabilities BOY$896TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,318TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$485,137NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$937,432NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$485,137TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$937,432TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$486,033TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$938,750TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$485,137TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$452,295ExcessRevenueOverExpensesAmt
Subtotal$937,432SubtotalAmt
Tot Net Ast Or Fund Balances EOY$937,432TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyHC Domestic Fund LP K-1PropertyDesc
How AcquiredDHowAcquiredCd
Gain Or Loss$182,053GainOrLossAmt
Gains Minus Excess Or Losses$182,053GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$182,053CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,570InvestmentIncomeExciseTaxAmt
Subtotal$2,570SubtotalAmt
Tax Based On Investment Income$2,570TaxBasedOnInvestmentIncomeAmt
Tax Due$2,570TaxDueAmt

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 ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksHeman ChowIndividualWithBooksNm
Phone4159351830PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11301 Clay St No 72053AddressLine1Txt
CityOaklandCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94612ZIPCd
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
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Heman Chow
1301 Clay St No 72053OaklandCA94612President003.00$0
Nancy Chow
1301 Clay St No 72053OaklandCA94612Secretary Treasurer002.00$0

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt
Expenses1$0Expenses1Amt

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$268,023AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$2,310AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$270,333TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$270,333AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$4,055CashDeemedCharitableAmt
Net Vl Noncharitable Assets$266,278NetVlNoncharitableAssetsAmt
Minimum Investment Return$13,314MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$13,314MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,570TaxBasedOnInvestmentIncomeAmt
Total Tax$2,570TotalTaxAmt
Distributable Before Adj$10,744DistributableBeforeAdjAmt
Distributable Before Ded$10,744DistributableBeforeDedAmt
Distributable As Adjusted$10,744DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$11,800ExpensesAndContributionsAmt
Qualifying Distributions$11,800QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$10,744DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$3,920ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$4,766ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$7,539ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$16,225TotalExcessDistributionCyovAmt
Qualifying Distributions$11,800QualifyingDistributionsAmt
Applied To Current Year$10,744AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,056RemainingDistriFromCorpusAmt
Total Corpus$17,281TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$17,281ExcessDistriCyovToNextYrAmt
Excess From Year3$3,920ExcessFromYear3Amt
Excess From Year2$4,766ExcessFromYear2Amt
Excess From Year1$7,539ExcessFromYear1Amt
Excess From Current Year$1,056ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerHeman ChowContributingManagerNm
Shareholder ManagerNoneShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Chinese Independent Baptist Church of Oakland
280 8th StOaklandCA94607PCGeneral Purpose$10,500
Trustees of Columbia University in the City of New York
615 W 131st StNew YorkNY10027PCGeneral Purpose$1,000
Samaritans Purse
PO Box 3000BooneNC28607PCGeneral Purpose$100
Buddhist Tzu Chi Foundation
1100 S Valley Center AveSan DimasCA91773PCGeneral Purpose$100
Chabot Space & Science Center Foundation
10000 Skyline BlvdOaklandCA94619PCGeneral Purpose$100
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$11,800TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$2,384ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$182,053ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescOther partnership portfolio incomeDesc
Exclusion14ExclusionCd
Exclusion$420ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$184,857ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$184,857TotalIncomeProducingActyAmt

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 Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1Heman ChowBusinessNameLine1Txt

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11301 Clay St No 72053AddressLine1Txt
CityOaklandCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94612ZIPCd
FieldValueIRS element (for citing)
Total Contributions$420,000TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash PropertyPartnership interest in HC Domestic Fund LPNoncashPropertyDesc
Fair Market Value$420,000FairMarketValueAmt
Received2021-12-31ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTax SofwareCategoryTxt
Amt$44Amt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemHC Domestic Fund LPCategoryOrItemTxt
Book Value$938,531BookValueAmt
EOYFMV$732,299EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
CA RRF-1 Fee$50
CA SI-100 Fee$20
Other Expenses$522

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescOther partnership portfolio incomeDesc
Revenue And Expenses Per Books$420RevenueAndExpensesPerBooksAmt
Net Investment Income$420NetInvestmentIncomeAmt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonHeman ChowPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11301 Clay St No 72053AddressLine1Txt
CityOaklandCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94612ZIPCd

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryTax for IRS Form 990-PFCategoryTxt
Amt$1,413Amt

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