TREASURE FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
TREASURE FOUNDATION (EIN 83-2919959)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-10-15
IRS object ID
202102889349101700
Schema version
2020v4.0
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)
Return2021-10-15T16:04:22-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

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 Begin2020-01-01TaxPeriodBeginDt

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
Signature2021-10-15SignatureDt
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
Preparation2021-10-15PreparationDt
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$39,594,223FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$34,000,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$22,487InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$22,487InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$115,259DividendsRevAndExpnssAmt
Dividends Net Invst Incm$115,259DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$250,367NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$6,902,324GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$250,367CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$34,388,113TotalRevAndExpnssAmt
Total Net Invst Incm$388,113TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$3,500AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$3,500AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$902TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$902TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$61,771OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$61,771OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$66,173TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$61,771TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$4,402TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$52,400ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$52,400ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$118,573TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$61,771TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$56,802TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$34,269,540ExcessRevenueOverExpensesAmt
Net Investment Income$326,342NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$2,000,594CashBOYAmt
Cash EOY$9,029,776CashEOYAmt
Cash EOYFMV$9,029,874CashEOYFMVAmt
Sav And Temp Cash Invst BOY$1,025,289SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$28,272,339SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$30,564,349SavAndTempCashInvstEOYFMVAmt
Total Assets BOY$3,025,883TotalAssetsBOYAmt
Total Assets EOY$37,302,115TotalAssetsEOYAmt
Total Assets EOYFMV$39,594,223TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$3,025,883NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$37,302,115NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$3,025,883TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$37,302,115TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$3,025,883TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$37,302,115TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$3,025,883TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$34,269,540ExcessRevenueOverExpensesAmt
Other Increases$6,692OtherIncreasesAmt
Subtotal$37,302,115SubtotalAmt
Tot Net Ast Or Fund Balances EOY$37,302,115TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
BANK OF AMERICAP$1,202,804$1,176,905$25,899$25,899
CHARLES SCHWABP$5,611,356$5,389,835$221,521$221,521
CHARLES SCHWABP$77,934$85,217-$7,283-$7,283
FieldValueIRS element (for citing)
Capital Gain Net Income$250,367CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$247,420NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$4,536InvestmentIncomeExciseTaxAmt
Subtotal$4,536SubtotalAmt
Tax Based On Investment Income$4,536TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$7EsPenaltyAmt
Tax Due$4,543TaxDueAmt

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 Pos5.00AverageHrsPerWkDevotedToPosRt
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$8,381,137AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$4,869,625AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$13,250,762TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$13,250,762AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$198,761CashDeemedCharitableAmt
Net Vl Noncharitable Assets$13,052,001NetVlNoncharitableAssetsAmt
Minimum Investment Return$652,600MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$652,600MinimumInvestmentReturnAmt
Tax Based On Investment Income$4,536TaxBasedOnInvestmentIncomeAmt
Total Tax$4,536TotalTaxAmt
Distributable Before Adj$648,064DistributableBeforeAdjAmt
Distributable Before Ded$648,064DistributableBeforeDedAmt
Distributable As Adjusted$648,064DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$56,802ExpensesAndContributionsAmt
Qualifying Distributions$56,802QualifyingDistributionsAmt
Adjusted Qualifying Distri$56,802AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$648,064DistributableAsAdjustedAmt
Undistributed Income PY$49,462UndistributedIncomePYAmt
Qualifying Distributions$56,802QualifyingDistributionsAmt
Applied To Year1$49,462AppliedToYear1Amt
Applied To Current Year$7,340AppliedToCurrentYearAmt
Undistributed Income CY$640,724UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJEHONG JEONContributingManagerNm
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$50,000
OPERATION SMILE
3641 FACULTY BLVDVIRGINIA BEACHVA23453PCCHARITABLE DONATION$2,400
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$52,400TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$22,487RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$115,259RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$250,367RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$388,113RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$388,113TotalIncomeProducingActyAmt

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

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 PersonJEHONG JEONContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line12855 MICHELLE DR STE 200AddressLine1Txt
CityIRVINECityNm
State AbbreviationCAStateAbbreviationCd
ZIP92606ZIPCd
FieldValueIRS element (for citing)
Total Contributions$34,000,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$3,500Amt
Disbursements Charitable Prps$3,500DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
BANK CHARGES$61,771$61,771

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescUNREALIZED GAINDesc
Amt$6,692Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT TAXES/LICENSESCategoryTxt
Amt$902Amt
Disbursements Charitable Prps$902DisbursementsCharitablePrpsAmt

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