BETA

SUNRISE FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
SUNRISE FOUNDATION (EIN 65-1288276)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-07-28
IRS object ID
202522099349100612
Schema version
2024v5.0
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)
Return2025-07-28T19:46:29-04:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN208786289PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KIM & LEE LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12207 W 190TH ST FL 2AddressLine1Txt
CityTORRANCECityNm
State AbbreviationCAStateAbbreviationCd
ZIP90504ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN651288276EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SUNRISE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSUNRBusinessNameControlTxt
Phone9093731555PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line18949 BUFFALO AVEAddressLine1Txt
CityRANCHO CUCAMONGACityNm
State AbbreviationCAStateAbbreviationCd
ZIP91730ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHIN H HWANGPersonNm
Person TitleSECRETARYPersonTitleTxt
Phone9093731555PhoneNum
Signature2025-07-10SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJAMES S KIMPreparerPersonNm
PTINP01057772PTIN
Phone2133876000PhoneNum
Preparation2025-07-28PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$6,957,561FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$3,500,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$126,140InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$126,140InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$126,140InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$88,499DividendsRevAndExpnssAmt
Dividends Net Invst Incm$88,499DividendsNetInvstIncmAmt
Dividends Adj Net Incm$88,499DividendsAdjNetIncmAmt
Total Rev And Expnss$3,714,639TotalRevAndExpnssAmt
Total Net Invst Incm$214,639TotalNetInvstIncmAmt
Total Adj Net Incm$214,639TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,535AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$2,090TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$1OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$3,626TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$715,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$715,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$718,626TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$715,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$2,996,013ExcessRevenueOverExpensesAmt
Net Investment Income$214,639NetInvestmentIncomeAmt
Adjusted Net Income$214,639AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$63,446CashBOYAmt
Sav And Temp Cash Invst BOY$3,111,816SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,584,921SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,584,921SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$1,471,980OtherInvestmentsBOYAmt
Other Investments EOY$6,058,334OtherInvestmentsEOYAmt
Other Investments EOYFMV$5,372,640OtherInvestmentsEOYFMVAmt
Total Assets BOY$4,647,242TotalAssetsBOYAmt
Total Assets EOY$7,643,255TotalAssetsEOYAmt
Total Assets EOYFMV$6,957,561TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$4,647,242NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$7,643,255NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$4,647,242TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$7,643,255TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$4,647,242TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$7,643,255TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$4,647,242TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$2,996,013ExcessRevenueOverExpensesAmt
Subtotal$7,643,255SubtotalAmt
Tot Net Ast Or Fund Balances EOY$7,643,255TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,983InvestmentIncomeExciseTaxAmt
Subtotal$2,983SubtotalAmt
Tax Based On Investment Income$2,983TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$104EsPenaltyAmt
Tax Due$3,087TaxDueAmt

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
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksSUNNY HWANGIndividualWithBooksNm
Phone9093731555PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line18949 BUFFALO AVEAddressLine1Txt
CityRANCHO CUCAMONGACityNm
State AbbreviationCAStateAbbreviationCd
ZIP91730ZIPCd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
SUNNY HWANG
8949 BUFFALO AVERANCHO CUCAMONGACA91730PRESIDENT000.00$0$0$0
CHIN H HWANG
8949 BUFFALO AVERANCHO CUCAMONGACA91730SECRETARY000.00$0$0$0
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$3,094,587AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$1,660,886AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$4,755,473TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$4,755,473AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$71,332CashDeemedCharitableAmt
Net Vl Noncharitable Assets$4,684,141NetVlNoncharitableAssetsAmt
Minimum Investment Return$234,207MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$234,207MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,983TaxBasedOnInvestmentIncomeAmt
Total Tax$2,983TotalTaxAmt
Distributable Before Adj$231,224DistributableBeforeAdjAmt
Distributable Before Ded$231,224DistributableBeforeDedAmt
Distributable As Adjusted$231,224DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$715,000ExpensesAndContributionsAmt
Qualifying Distributions$715,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$231,224DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$293,770ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$267,000ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$308,731ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$292,629ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$380,613ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,542,743TotalExcessDistributionCyovAmt
Qualifying Distributions$715,000QualifyingDistributionsAmt
Applied To Current Year$231,224AppliedToCurrentYearAmt
Remaining Distri From Corpus$483,776RemainingDistriFromCorpusAmt
Total Corpus$2,026,519TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$293,770ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$1,732,749ExcessDistriCyovToNextYrAmt
Excess From Year4$267,000ExcessFromYear4Amt
Excess From Year3$308,731ExcessFromYear3Amt
Excess From Year2$292,629ExcessFromYear2Amt
Excess From Year1$380,613ExcessFromYear1Amt
Excess From Current Year$483,776ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
GATEWAY SEMINARY
3210 EAST GUASTI ROADONTARIOCA91761DONATION$80,000
INLAND CHURCH
1101 N GLEN AVEPOMONACA91768DONATION$48,000
KIMBO FOUNDATION
8949 BUFFALO AVERANCHO CUCAMONGACA91730DONATION$420,000
NEW MISSION CHURCH
8226 CAMINO ALTO DRRIVERSIDECA92504DONATION$20,000
TEMESCAL HERITAGE FOUNDATION
23644 CLINTON KEITH RDMURRIETACA92562DONATION$10,000
WILLIAM JESSUP UNIVERSITY
2121 UNIVERSITY AVEROCKLINCA95765SCHOLARSHIP$100,000
ZION MOUNTAIN FOUNDATION
1382 E FOOTHILL BLVDUPLANDCA91786DONATION$10,000
HAPPY VILLAGE
690 WILSHIRE PLACELOS ANGELESCA90005DONATION$3,000
ANC CHURCH
9806 ARROW ROUTERANCHO CUCAMONGACA91730DONATION$23,000
PCC
18821 YORBA LINDA BLVDYORBA LINDACA92886DONATION$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$715,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$126,140ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$88,499ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$214,639ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$214,639TotalIncomeProducingActyAmt

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 (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
CORNERSTONE PROPERTIES LLC
18949 BUFFALO AVERANCHO CUCAMONGACA91730$1,500,000Yes (X)
SUNNY DESIGNS INC
28949 BUFFALO AVERANCHO CUCAMONGACA91730$2,000,000Yes (X)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTAX PREPARATIONCategoryTxt
Amt$1,535Amt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
AXA ADVISORSAT COST$1,471,980$764,940
CS - INVESTMENTSAT COST$4,586,354$4,607,700

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
ROUNDING$1

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
FEDERAL TAXES$1,890
REGISTRATION FEES$200

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.