CHUNG CHARITABLE FOUNDATION INC: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- CHUNG CHARITABLE FOUNDATION INC (EIN 77-0607988)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-05-19
- IRS object ID
- 202031409349100123
- Schema version
- 2019v5.0
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Investments Corp Stock Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-05-19T12:01:06-07:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 330943985 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOPHIA MC YANG & CO CPA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 17534 VON KARMAN AVE | AddressLine1Txt |
| City | IRVINE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92614 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 770607988 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE CHUNG CHARITABLE FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CHUN | BusinessNameControlTxt |
| Phone | 9496608988 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 DOVE ST STE 300 | AddressLine1Txt |
| City | NEWPORT BEACH | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92660 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CHRISTINE CHUNG | PersonNm |
| Person Title | Vice President | PersonTitleTxt |
| Signature | 2020-05-19 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Sophia Yang | PreparerPersonNm |
| PTIN | P01343930 | PTIN |
| Phone | 9496518080 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2020-11-19 02:30:22Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $3,599,282 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $120,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $73,225 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $73,225 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $64,691 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $64,691 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $195,290 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $996,740 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $195,290 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $453,206 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $333,206 | TotalNetInvstIncmAmt |
| Accounting Fees Rev And Expnss | $2,900 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Chrtbl Prps | $2,900 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $8,653 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $8,421 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $232 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $5,394 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $319 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $75 | TaxesDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $482 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $482 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $265 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $265 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $17,694 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $8,740 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $3,954 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $100,700 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $100,700 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $118,394 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $8,740 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $104,654 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $334,812 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $324,466 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $521,079 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $739,168 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $739,168 | SavAndTempCashInvstEOYFMVAmt |
| Other Nts And Loans Rcvbl | $600,000 | OtherNtsAndLoansRcvblAmt |
| Other Nts And Loans Rcvbl BOY | $1,000,000 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $600,000 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $600,000 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Corporate Stock BOY | $1,519,008 | CorporateStockBOYAmt |
| Corporate Stock EOY | $2,035,732 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $2,260,114 | CorporateStockEOYFMVAmt |
| Other Assets BOY | $1 | OtherAssetsBOYAmt |
| Total Assets BOY | $3,040,088 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,374,900 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $3,599,282 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $3,040,088 | RetainedEarningBOYAmt |
| Retained Earning EOY | $3,374,900 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $3,040,088 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $3,374,900 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $3,040,088 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $3,374,900 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $3,040,088 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $334,812 | ExcessRevenueOverExpensesAmt |
| Subtotal | $3,374,900 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $3,374,900 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (37 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| 221.818 ALCOA CORP COM, AA | P | 2012-11-08 | 2019-06-21 | $5,021 | $4,878 | $143 | $143 |
| 144.182 ALCOA CORP COM, AA | P | 2013-04-18 | 2019-06-21 | $3,264 | $2,996 | $268 | $268 |
| 1000.000 PETROLEO BRASILEIRO SA PETROBRAS SPON AD | P | 2014-08-13 | 2019-06-21 | $16,652 | $15,408 | $1,244 | $1,244 |
| 2000.000 PETROLEO BRASILEIRO SA PETROBRAS SPON AD | P | 2014-08-14 | 2019-06-21 | $33,305 | $30,868 | $2,437 | $2,437 |
| 1000.000 PETROLEO BRASILEIRO SA PETROBRAS SPON AD | P | 2014-09-12 | 2019-06-21 | $16,652 | $17,008 | -$356 | -$356 |
| 1000.000 PETROLEO BRASILEIRO SA PETROBRAS SPON AD | P | 2014-09-12 | 2019-06-21 | $16,652 | $16,508 | $144 | $144 |
| 1000.000 PETROLEO BRASILEIRO SA PETROBRAS SPON AD | P | 2014-09-12 | 2019-06-21 | $16,652 | $17,008 | -$356 | -$356 |
| 4500.000 BLACKROCK CREDIT ALLOCAT | P | 2018-08-22 | 2019-06-04 | $56,526 | $55,910 | $616 | $616 |
| 300.000 BLACKROCK CREDIT ALLOCAT | P | 2018-10-19 | 2019-06-04 | $3,768 | $3,571 | $197 | $197 |
| 825.000 EATON VANCE LIMITED DURA | P | 2018-09-19 | 2019-05-06 | $10,522 | $10,502 | $20 | $20 |
| 2000.000 EATON VANCE LIMITED DURA | P | 2018-10-19 | 2019-05-06 | $25,509 | $24,698 | $811 | $811 |
| 750.000 SCHWAB EMERGING MARKETS EQUITY ETF | P | 2019-02-01 | 2019-10-16 | $19,367 | $19,214 | $153 | $153 |
| 1000.000 ALPS ALERIAN MLP ETF | P | 2018-02-21 | 2019-11-12 | $8,215 | $10,522 | -$2,307 | -$2,307 |
| 1000.000 ALPS ALERIAN MLP ETF | P | 2018-05-29 | 2019-11-12 | $8,215 | $10,121 | -$1,906 | -$1,906 |
| 2000.000 EATON VANCE LIMITED DURA | P | 2010-05-07 | 2019-05-06 | $25,509 | $29,475 | -$3,966 | -$3,966 |
| 600.000 EATON VANCE LIMITED DURA | P | 2017-09-08 | 2019-05-06 | $7,653 | $8,312 | -$659 | -$659 |
| 250.000 EATON VANCE LIMITED DURA | P | 2017-12-11 | 2019-05-06 | $3,189 | $3,362 | -$173 | -$173 |
| 1000.000 EATON VANCE LIMITED DURA | P | 2018-01-18 | 2019-05-06 | $12,754 | $13,515 | -$761 | -$761 |
| 1000.000 EATON VANCE LIMITED DURA | P | 2018-02-06 | 2019-05-06 | $12,754 | $13,133 | -$379 | -$379 |
| 650.000 ENERGY SELECT SECTOR SPDR ETF | P | 2009-08-14 | 2019-04-12 | $44,104 | $32,694 | $11,410 | $11,410 |
| 350.000 ENERGY SELECT SECTOR SPDR ETF | P | 2009-08-14 | 2019-10-16 | $20,189 | $17,604 | $2,585 | $2,585 |
| 500.000 ENERGY SELECT SECTOR SPDR ETF | P | 2015-09-04 | 2019-10-16 | $28,841 | $32,073 | -$3,232 | -$3,232 |
| 200.000 ISHARES US HEALTHCARE ETF | P | 2006-04-13 | 2019-04-12 | $38,067 | $12,368 | $25,699 | $25,699 |
| 500.000 ISHARES US HEALTHCARE ETF | P | 2006-12-19 | 2019-10-16 | $95,872 | $33,270 | $62,602 | $62,602 |
| 1000.000 JP MORGAN CHASE ALERIAN ETN | P | 2012-09-06 | 2019-12-06 | $19,980 | $39,602 | -$19,622 | -$19,622 |
| 1000.000 JP MORGAN CHASE ALERIAN ETN | P | 2018-01-18 | 2019-12-06 | $19,980 | $29,472 | -$9,492 | -$9,492 |
| 1000.000 JP MORGAN CHASE ALERIAN ETN | P | 2018-02-06 | 2019-12-06 | $19,980 | $28,471 | -$8,491 | -$8,491 |
| 850.000 SCHWAB US LARGE CAP ETF | P | 2016-11-09 | 2019-10-16 | $60,544 | $43,498 | $17,046 | $17,046 |
| 650.000 SCHWAB US LARGE CAP ETF | P | 2016-11-09 | 2019-11-12 | $47,935 | $33,263 | $14,672 | $14,672 |
| 475.000 SCHWAB US LARGE CAP ETF | P | 2017-08-02 | 2019-11-12 | $35,030 | $28,025 | $7,005 | $7,005 |
| 375.000 SCHWAB US LARGE CAP ETF | P | 2017-08-21 | 2019-11-12 | $27,655 | $21,719 | $5,936 | $5,936 |
| 450.000 SELECT SECTOR INDUSTRIAL SPDR ETF | P | 2011-08-10 | 2019-04-12 | $34,646 | $13,642 | $21,004 | $21,004 |
| 250.000 SELECT SECTOR INDUSTRIAL SPDR ETF | P | 2011-08-10 | 2019-10-16 | $19,371 | $7,579 | $11,792 | $11,792 |
| 1000.000 SELECT SECTOR INDUSTRIAL SPDR ETF | P | 2011-09-02 | 2019-10-16 | $77,483 | $30,997 | $46,486 | $46,486 |
| 1500.000 SELECT STR FINANCIAL SELECT SPDR ETF | P | 2015-07-07 | 2019-10-16 | $41,954 | $36,780 | $5,174 | $5,174 |
| 1000.000 SELECT STR FINANCIAL SELECT SPDR ETF | P | 2016-01-04 | 2019-10-16 | $27,969 | $23,253 | $4,716 | $4,716 |
| 1250.000 SELECT STR FINANCIAL SELECT SPDR ETF | P | 2017-09-08 | 2019-10-16 | $34,961 | $30,131 | $4,830 | $4,830 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $195,290 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $1,797 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $89,593 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $2,135,604 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.04195 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $93,112 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $2,029,916 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.04587 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $95,101 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $1,858,001 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.05119 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $98,122 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $1,885,585 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.05204 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $97,698 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $2,010,205 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.04860 | DistributionYr5Rt |
| Total Distribution | 0.239646 | TotalDistributionRt |
| Average Distribution | 0.047929 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $2,415,890 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $115,791 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $3,245 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $119,036 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $104,654 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $6,489 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $6,489 | SubtotalAmt |
| Tax Based On Investment Income | $6,489 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $7,185 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $7,185 | TotalPaymentsAndCreditsAmt |
| Overpayment | $696 | OverpaymentAmt |
| Applied To ES Tax | $696 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DE | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHRISTINE CHUNG | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9496608988 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 DOVE ST STE 300 | AddressLine1Txt |
| City | NEWPORT BEACH | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 926602850 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| NELSON CHUNG | ||||||
| 1000 DOVE ST STE 300 | NEWPORT BEACH | CA | 926602850 | President | 1.00 | $0 |
| CHRISTINE CHUNG | ||||||
| 1000 DOVE ST STE 300 | NEWPORT BEACH | CA | 926602850 | Vice President | 1.00 | $0 |
| JENNIFER CHUNG | ||||||
| 1000 DOVE ST STE 300 | NEWPORT BEACH | CA | 926602850 | Vice President | 12.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $2,048,630 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $404,050 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $2,452,680 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $2,452,680 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $36,790 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $2,415,890 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $120,795 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $120,795 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $6,489 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $6,489 | TotalTaxAmt |
| Distributable Before Adj | $114,306 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $114,306 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $114,306 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $104,654 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $104,654 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $104,654 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $114,306 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $98,820 | UndistributedIncomePYAmt |
| Qualifying Distributions | $104,654 | QualifyingDistributionsAmt |
| Applied To Year1 | $98,820 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $5,834 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $108,472 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NELSON CHUNG | ContributingManagerNm |
| Contributing Manager | CHRISTINE CHUNG | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| JOCELYN GONZALEZ GAETO | |||||||
| 334 BARBARA DR | PERRIS | CA | 92570 | NONE | I | SCHOLARSHIP | $5,000 |
| FIDELITY CHARITABLE | |||||||
| PO BOX 770001 | CINCINNATI | OH | 45277 | N/A | PC | GENERAL & UNRESTRICTED | $75,000 |
| JOSHUA ACKERMAN | |||||||
| 36943 REGENCY PLANCE | PALMDALE | CA | 93552 | NONE | I | SCHOLARSHIP | $2,000 |
| SOPHIE CHENG | |||||||
| 63 WINDINGWAY | IRVINE | CA | 92614 | NONE | I | SCHOLARSHIP | $1,000 |
| ELLIE YA-SHUAN CHENG | |||||||
| 33 CANYON WOOD | IRVINE | CA | 92620 | NONE | I | SCHOLARSHIP | $1,000 |
| AMOS HEALTH HOPE | |||||||
| 3088 HABERLIEN RD | GIBSONIA | PA | 15044 | N/A | PC | GENERAL & UNRESTRICTED | $5,000 |
| CCLIFE | |||||||
| 670 BONDED PKWY | STREAMWOOD | IL | 60107 | N/A | PC | GENERAL AND UNRESTRICTED | $500 |
| BETHIA ACKERMAN | |||||||
| 36943 REGENCY PLANCE | PALMDALE | CA | 93552 | NONE | I | SCHOLARSHIP | $1,000 |
| GARY YANG | |||||||
| 65 PALATINE 120 | IRVINE | CA | 92612 | NONE | I | SCHOLARSHIP | $10,000 |
| SALLY CHENG | |||||||
| 63 WINDING WAY | IRVINE | CA | 92614 | NONE | I | SCHOLARSHIP | $200 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $100,700 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $73,225 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $64,691 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $195,290 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $333,206 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $333,206 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | CHUNG NELSON P | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8 HORIZON STREET | AddressLine1Txt |
| City | NEWPORT COAST | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92657 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $120,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | TAX PREPARATION FEES | CategoryTxt |
| Amt | $2,900 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $2,900 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (29 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 700 ISHARES TR US HEALTHCARE | ||
| 1500 ENERGY SELECT SECTOR | ||
| 7675 EATON VANCE LTD DURATION | ||
| 1700 SELECT SECTOR INDUSTRIAL SPDR | ||
| 3000 JP MORGAN EXCH TRADED NT | ||
| 1000 AT & T INC COM | $34,508 | $39,080 |
| 366 ALCOA CORP COM | ||
| 40 HOVNANIAN ENTERPRISE INC CL A | $3,488 | $835 |
| 500 SPDR SER TR S&P HOMEBUILDERS ETF(XHB | $13,993 | $22,755 |
| 5000 BARRICK GOLD CORP COMN PV | $82,137 | $92,950 |
| 6000 PETROLEO BRASILIRO SA PETROBRAS ADS | ||
| 3750 SELECT STR FINANCIAL | ||
| 1100 ARCONIC INC COM | $19,467 | $33,847 |
| 12900 SCHWAB US LARGE CAP ETF | $849,376 | $990,849 |
| 6000/6500 POWERSHARES PREFERRED | ||
| 4800 BLACKROCK CREDIT ALLOCAT | ||
| 2000 ALPS ALERIAN MLP ETF | ||
| 133.710 FIDELITY BLUE CHIP GROWTH | $13,441 | $14,405 |
| 175 BIOGEN INC | $39,452 | $51,928 |
| 555 JOHNSON & JOHNSON | $75,280 | $80,958 |
| 650 LOWES COMPANIES INC | $72,933 | $77,844 |
| 470 3M CO | $76,397 | $82,917 |
| 6500 INVESCO PREFERRED ETF | $97,610 | $97,565 |
| 2850 SCHWAB EMERGING MARKETS EQUITY ETF | $72,970 | $78,005 |
| 2300 SCHWAB US AGGREGATE BOND ETF | $122,988 | $122,889 |
| 4655.4930 DOUBLELINE TOTAL RETURN BD FD | $50,018 | $49,488 |
| 7933.369 PIMCO INCM INST CL | $95,036 | $95,518 |
| 2226.525 RIVERNORTH DOUBLELINE ST RAT | $23,000 | $23,089 |
| 9075 SCHWAB INTERNATIONAL EQUITY ETF | $293,638 | $305,192 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| POSTAGE | $65 | $65 |
| PRINTING | $35 | $35 |
| SUPPLIES | $165 | $165 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| ADMINISTRATIVE FEES | $47 | $0 | $0 | $47 |
| DELAWARE AGENT ANNUAL FEE | $125 | $0 | $0 | $125 |
| INVESTMENT MANAGEMENT SERVICES | $8,421 | $8,421 | $0 | $0 |
| PROFESSIONAL SERVICE FEES | $60 | $0 | $0 | $60 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FEDERAL INCOME TAX | $5,000 | ||
| FOREIGN TAX PAID ON DIVIDEND INCOME | $319 | $319 | |
| STATE OF DELAWARE | $75 | $75 |
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