TREASURE FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
TREASURE FOUNDATION (EIN 83-2919959)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-15
IRS object ID
202203199349105255
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)
Return2022-11-15T14:18:07-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

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 Begin2021-01-01TaxPeriodBeginDt

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
Signature2022-06-15SignatureDt
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

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJAMES Y LEEPreparerPersonNm
PTINP00286392PTIN
Phone7146691400PhoneNum
Preparation2022-11-15PreparationDt
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$43,943,670FMVAssetsEOYAmt
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$159,242InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$159,242InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$509,083DividendsRevAndExpnssAmt
Dividends Net Invst Incm$509,083DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$205,161NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$10,465,176GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$205,161CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$873,486TotalRevAndExpnssAmt
Total Net Invst Incm$873,486TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$2,400AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$2,400AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$21,453TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$21,453TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$185,881OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$185,881OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$209,734TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$185,881TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$23,853TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$650,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$650,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$859,734TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$185,881TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$673,853TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$13,752ExcessRevenueOverExpensesAmt
Net Investment Income$687,605NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$9,029,776CashBOYAmt
Cash EOY$1,225,299CashEOYAmt
Cash EOYFMV$1,225,311CashEOYFMVAmt
Sav And Temp Cash Invst BOY$28,272,339SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$36,098,092SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$42,717,962SavAndTempCashInvstEOYFMVAmt
Prepaid Expenses EOY$397PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV$397PrepaidExpensesEOYFMVAmt
Total Assets BOY$37,302,115TotalAssetsBOYAmt
Total Assets EOY$37,323,788TotalAssetsEOYAmt
Total Assets EOYFMV$43,943,670TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$37,302,115NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$37,323,788NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$37,302,115TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$37,323,788TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$37,302,115TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$37,323,788TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$37,302,115TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$13,752ExcessRevenueOverExpensesAmt
Other Increases$7,966OtherIncreasesAmt
Subtotal$37,323,833SubtotalAmt
Other Decreases$45OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$37,323,788TotNetAstOrFundBalancesEOYAmt

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$6,238,509$6,284,262-$45,753-$45,753
BOAP$1,175,029$1,195,389-$20,360-$20,360
CHARLES SCHWABP$2,725,501$2,548,596$176,905$176,905
CHARLES SCHWABP$300,895$231,768$69,127$69,127
FieldValueIRS element (for citing)
Capital Gain Net Income$205,161CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$131,152NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$9,558InvestmentIncomeExciseTaxAmt
Subtotal$9,558SubtotalAmt
Tax Based On Investment Income$9,558TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$10,000EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$10,000TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$45EsPenaltyAmt
Overpayment$397OverpaymentAmt
Applied To ES Tax$397AppliedToESTaxAmt

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$38,989,264AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$3,053,338AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$42,042,602TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$42,042,602AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$630,639CashDeemedCharitableAmt
Net Vl Noncharitable Assets$41,411,963NetVlNoncharitableAssetsAmt
Minimum Investment Return$2,070,598MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$2,070,598MinimumInvestmentReturnAmt
Tax Based On Investment Income$9,558TaxBasedOnInvestmentIncomeAmt
Total Tax$9,558TotalTaxAmt
Distributable Before Adj$2,061,040DistributableBeforeAdjAmt
Distributable Before Ded$2,061,040DistributableBeforeDedAmt
Distributable As Adjusted$2,061,040DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$673,853ExpensesAndContributionsAmt
Qualifying Distributions$673,853QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$2,061,040DistributableAsAdjustedAmt
Undistributed Income PY$640,724UndistributedIncomePYAmt
Qualifying Distributions$673,853QualifyingDistributionsAmt
Applied To Year1$640,724AppliedToYear1Amt
Applied To Current Year$33,129AppliedToCurrentYearAmt
Undistributed Income CY$2,027,911UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1BOA CHARITABLE GIFT FUNDBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1100 FEDERAL STAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02110ZIPCd
FieldValueIRS element (for citing)
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeCHARITABLE DONATIONGrantOrContributionPurposeTxt
Amt$650,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$650,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$159,242RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$509,083RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$205,161RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$873,486RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$873,486TotalIncomeProducingActyAmt

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$2,400Amt
Disbursements Charitable Prps$2,400DisbursementsCharitablePrpsAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescPENALTYDesc
Amt$45Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
MANAGEMENT FEE$185,881$185,881

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescUNREALIZED GAINDesc
Amt$7,966Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT TAXES/LICENSESCategoryTxt
Amt$21,453Amt
Disbursements Charitable Prps$21,453DisbursementsCharitablePrpsAmt

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