SIMON & JOY HONG FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
SIMON & JOY HONG FOUNDATION (EIN 47-4837033)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-05-19
IRS object ID
202221399349101312
Schema version
2021v4.0
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)
Return2022-05-19T15:47:35-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

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 Begin2021-01-01TaxPeriodBeginDt

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
Signature2022-05-19SignatureDt
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

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKENNETH C HANPreparerPersonNm
PTINP00886650PTIN
Phone2133871100PhoneNum
Preparation2022-05-19PreparationDt
Self EmployedYes (X)SelfEmployedInd
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$1,490,977FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$110,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$276InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$276InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$276InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$17,085DividendsRevAndExpnssAmt
Dividends Net Invst Incm$17,085DividendsNetInvstIncmAmt
Dividends Adj Net Incm$17,085DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$73,800NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$259,510GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$68,820CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$107,787OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$107,787OtherIncomeNetInvstIncmAmt
Other Income Adj Net Incm$107,787OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$308,948TotalRevAndExpnssAmt
Total Net Invst Incm$193,968TotalNetInvstIncmAmt
Total Adj Net Incm$125,148TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$2,000AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$75TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$1,240OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$3,315TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$94,900ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$94,900ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$98,215TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$94,900TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$210,733ExcessRevenueOverExpensesAmt
Net Investment Income$193,968NetInvestmentIncomeAmt
Adjusted Net Income$125,148AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$55,491CashBOYAmt
Cash EOY$1,585CashEOYAmt
Cash EOYFMV$1,585CashEOYFMVAmt
Sav And Temp Cash Invst BOY$1,052,614SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,259,677SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,489,392SavAndTempCashInvstEOYFMVAmt
Total Assets BOY$1,108,105TotalAssetsBOYAmt
Total Assets EOY$1,261,262TotalAssetsEOYAmt
Total Assets EOYFMV$1,490,977TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,108,105NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$1,261,262NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$1,108,105TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,261,262TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,108,105TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,261,262TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,108,105TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$210,733ExcessRevenueOverExpensesAmt
Other Increases$50,225OtherIncreasesAmt
Subtotal$1,369,063SubtotalAmt
Other Decreases$107,801OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,261,262TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$68,820CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,696InvestmentIncomeExciseTaxAmt
Subtotal$2,696SubtotalAmt
Tax Based On Investment Income$2,696TaxBasedOnInvestmentIncomeAmt
Tax Due$2,696TaxDueAmt

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 2021 WERE THE DONATIONS TO RELIGIOUS NON-PROFIT ORGANIZATIONS, SUCH AS CHURCH AND CHRISTIAN MISSIONARY ORGANIZATIONS.Description1Txt
Expenses1$2,000Expenses1Amt

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$1,594,191AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$28,508AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,622,699TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,622,699AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$24,340CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,598,359NetVlNoncharitableAssetsAmt
Minimum Investment Return$79,918MinimumInvestmentReturnAmt

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$94,900ExpensesAndContributionsAmt
Qualifying Distributions$94,900QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Qualifying Distributions$94,900QualifyingDistributionsAmt
Remaining Distri From Corpus$94,900RemainingDistriFromCorpusAmt
Total Corpus$94,900TotalCorpusAmt

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$79,918CurrentYearAmt
Year1$1,019Year1Amt
Year2$50,571Year2Amt
Year3$796Year3Amt
Total$132,304TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Current Year$67,930CurrentYearAmt
Year1$866Year1Amt
Year2$42,985Year2Amt
Year3$677Year3Amt
Total$112,458TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$94,900CurrentYearAmt
Year1$56,960Year1Amt
Year2$172,370Year2Amt
Year3$83,020Year3Amt
Total$407,250TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$94,900CurrentYearAmt
Year1$56,960Year1Amt
Year2$172,370Year2Amt
Year3$83,020Year3Amt
Total$407,250TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$53,279CurrentYearAmt
Year1$123,293Year1Amt
Year2$33,714Year2Amt
Year3$33,873Year3Amt
Total$244,159TotalAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ACCOMPANY WORLDWIDE INC
5026 ROSEWOOD AVE 404LOS ANGELESCA90004N/ARECEIVEDCHARITABLE ORG.$2,100
ALL NATIONS CHURCH
10000 FOOTHILL BLVDLAKE VIEW TERRACECA91342N/ARECEIVEDCHURCH$79,280
GLOBAL PARTNERS
10582 KATELLA AVENUEANAHEIMCA92804N/ARECEIVEDCHRISTIAN MISSIONARY ORG.$1,200
GOOD NEIGHBORS
PO BOX 86755LOS ANGELESCA90086N/ARECEIVEDCHRISTIAN MISSIONARY ORG.$420
PROFESSIONAL FOR GLOBAL MISSIONS
1 ANTIOCH AVECONSHOHOCKENPA19428N/ARECEIVEDCHRISTIAN MISSIONARY ORG.$1,200
RAINBOW FAMILY MINISTRY
PO BOX 602CYPRESSCA90630N/ARECEIVEDCHRISTIAN MISSIONARY ORG.$1,500
SILK ROAD CONNECTION
PO BOX 1127LA CANADACA91012N/ARECEIVEDCHRISTIAN MISSIONARY ORG.$4,800
CHRIST KINGDOM CHURCH
300 LAGUNA ROADFULLERTONCA92835N/ARECEIVEDCHURCH$2,400
BRIDGE BUILDERS MISSION
47-75 48TH STWOODSIDENY11377N/ARECEIVEDCHRISTIAN MISSIONARY ORG.$2,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$94,900TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion25ExclusionCd
Exclusion$276ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion25ExclusionCd
Exclusion$17,085ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

FieldValueIRS element (for citing)
Exclusion25ExclusionCd
Exclusion$107,787ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion25ExclusionCd
Exclusion$73,800ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$198,948ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$198,948TotalIncomeProducingActyAmt

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$110,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$2,000Amt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

FieldValueIRS element (for citing)
AssetPERSHING LLCAssetDesc
Acquired2021-04AcquiredDt
How AcquiredPURCHASEHowAcquiredTxt
Sold2021-06SoldDt
Gross Sales Price$190,690GrossSalesPriceAmt
Basis$185,710BasisAmt
Total Net$4,980TotalNetAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (2 entries)

DescDescAmtAmt
2020 990-PF FEDERAL TAX$14
DISTRIBUTION TRANSFERRED FROM ANNUITY ACCOUNT$107,787

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
BANK FEES$1,240

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescEQUITABLE ANNUITY 1099-RDesc
Revenue And Expenses Per Books$107,787RevenueAndExpensesPerBooksAmt
Net Investment Income$107,787NetInvestmentIncomeAmt
Adjusted Net Income$107,787AdjustedNetIncomeAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescPRIOR PERIOD BOOK VALUE ADJDesc
Amt$50,225Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
2020 FTB FILING FEE$25
ANNUAL REGISTRATION FEE$50

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