CHUNG FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- CHUNG FOUNDATION (EIN 82-3760826)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-09-30
- IRS object ID
- 202032749349100603
- Schema version
- 2019v5.1
- 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
- Depreciation Schedule
- Investments Corp Stock Schedule
- Liquidation Explanation Stmt
- Other Expenses Schedule
- Other Professional Fees Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-09-30T15:35:35-05:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One Hollow Ln Ste 212 | AddressLine1Txt |
| City | Lake Success | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11042 | 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 | 823760826 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Chung Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | CHUN | BusinessNameControlTxt |
| Phone | 8008391754 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundation Source 501 Silverside Rd | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LEISLE CHUNG | PersonNm |
| Person Title | president | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2020-09-01 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 67.82.234.252 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 06391520202745000011 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2020-09-30 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | B19A53FA749DAD8C2EFDCAB0C5B79501992FC144 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 384717C1FADDEF7B1C9CB58DAC69F19ED4566B5B | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-04-22 16:20:28Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $923,082 | 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 | $850,452 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $2,441 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $2,441 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $9,545 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $9,545 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $25,397 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $646,010 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $25,397 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $887,835 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $37,383 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $3,979 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $3,979 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $115 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $67 | TaxesNetInvstIncmAmt |
| Trav Conf Meeting Rev And Expnss | $5,720 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $5,720 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $9,331 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $11 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $9,320 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $19,145 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $4,057 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $15,040 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $555,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $555,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $574,145 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $4,057 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $570,040 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $313,690 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $33,326 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $29,441 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $246,171 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $246,171 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $577,854 | CorporateStockBOYAmt |
| Corporate Stock EOY | $674,814 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $676,911 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $607,295 | TotalAssetsBOYAmt |
| Total Assets EOY | $920,985 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $923,082 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $607,295 | RetainedEarningBOYAmt |
| Retained Earning EOY | $920,985 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $607,295 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $920,985 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $607,295 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $920,985 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $607,295 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $313,690 | ExcessRevenueOverExpensesAmt |
| Subtotal | $920,985 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $920,985 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Publicly-traded Securities | PropertyDesc |
| Gross Sales Price | $646,010 | GrossSalesPriceAmt |
| Cost Or Other Basis | $620,613 | CostOrOtherBasisAmt |
| Gain Or Loss | $25,397 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $25,397 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $25,397 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $21,799 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $237,961 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.091607 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr3 | $0 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $0 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.0 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $0 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $0 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.0 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $0 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $0 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.0 | DistributionYr5Rt |
| Total Distribution | 0.091607 | TotalDistributionRt |
| Average Distribution | 0.045804 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $607,320 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $27,818 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $333 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $28,151 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $570,040 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $333 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $333 | SubtotalAmt |
| Tax Based On Investment Income | $333 | TaxBasedOnInvestmentIncomeAmt |
| Extsn Request Income Tax Paid | $333 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $333 | TotalPaymentsAndCreditsAmt |
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 | Yes (true) | 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 | Yes (true) | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8008391754 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 Silverside Road Suite 123 | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | 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 | Yes (true) | 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 (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| Leisle Chung | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, Pres, Sec, Treas | 1.0 | $0 | $0 | $0 |
| Vinh Chung | ||||||||
| Foundation Source 501 Silverside Rd | Wilmington | DE | 198091377 | Dir, VP | 1.0 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $351,527 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $265,042 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $616,569 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $616,569 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $9,249 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $607,320 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $30,366 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $30,366 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $333 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $333 | TotalTaxAmt |
| Distributable Before Adj | $30,033 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $30,033 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $30,033 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $570,040 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $570,040 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $333 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $569,707 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $30,033 | DistributableAsAdjustedAmt |
| Prior Year1 | 2017 | PriorYear1Yr |
| Prior Year2 | 2016 | PriorYear2Yr |
| Prior Year3 | 2015 | PriorYear3Yr |
| Excess Distribution Cyov Yr1 | $9,997 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $9,997 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $570,040 | QualifyingDistributionsAmt |
| Applied To Current Year | $30,033 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $540,007 | RemainingDistriFromCorpusAmt |
| Total Corpus | $550,004 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $550,004 | ExcessDistriCyovToNextYrAmt |
| Excess From Year1 | $9,997 | ExcessFromYear1Amt |
| Excess From Current Year | $540,007 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Leisle Chung | ContributingManagerNm |
| Contributing Manager | Vinh Chung | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| WORLD VISION | |||||||
| PO BOX 9716 | FEDERAL WAY | WA | 98063 | N/A | PC | ELO Program in Nyamagabe, Rwanda | $205,000 |
| WORLD VISION | |||||||
| PO BOX 9716 | FEDERAL WAY | WA | 98063 | N/A | PC | WASH Program in Nyamagabe, Rwanda | $350,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $555,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,441 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $9,545 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Incm Part VII | OtherInvestmentIncmPartVIIGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $25,397 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $37,383 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $37,383 | 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 | Vanguard Medical Specialists LLC | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9348 Grand Cordera Pkwy Ste 160 | AddressLine1Txt |
| City | Colorado Springs | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80924 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $850,452 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Depreciation Schedule DepreciationSchedule
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (90 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 3M CO | $12,669 | $12,702 |
| ACCENTURE PLC | $4,400 | $4,422 |
| AFLAC INC | $6,171 | $6,189 |
| AIR PRODS & CHEM INC | $4,681 | $4,700 |
| ALPHABET INC CL A | $4,005 | $4,018 |
| ALPHABET INC CL C | $3,997 | $4,011 |
| AMCOR LTD ORD SHS | $2 | $2 |
| AMERICAN TOWER REIT INC | $3,652 | $3,677 |
| ANTHEM INC | $5,716 | $5,739 |
| APPLE INC | $11,681 | $11,746 |
| APPLIED MATERIALS INC | $4,544 | $4,578 |
| AT&T, INC | $14,209 | $14,264 |
| BANK OF AMERICA CORP | $13,719 | $13,771 |
| BIOGEN INC | $6,194 | $6,231 |
| BLACKROCK FLOATING RATE INCOME | $10,071 | $10,071 |
| BLACKROCK INC | $5,989 | $6,032 |
| BOOKING HOLDINGS INC | $6,143 | $6,161 |
| CBRE GROUP | $3,247 | $3,248 |
| CHARLES SCHWAB CORP | $5,329 | $5,327 |
| CHEVRON CORP | $7,451 | $7,472 |
| CIGNA CORPORATION | $6,069 | $6,135 |
| CISCO SYSTEMS INC | $6,633 | $6,666 |
| CITIGROUP INC | $11,232 | $11,264 |
| COHEN & STEERS LOW DURATION PR | $20,142 | $20,142 |
| COSTCO WHOLESALE CORPORATION | $6,440 | $6,466 |
| CUMMINS INC | $6,631 | $6,622 |
| CVS CAREMARK CORP | $6,870 | $6,909 |
| DOUBLELINE LOW DURATION EMERGI | $20,142 | $20,142 |
| DOUBLELINE TOTAL RETURN BOND | $70,495 | $70,495 |
| EATON CORP PLC | $5,781 | $5,778 |
| EATON VANCE FLOATING RATE FUND | $10,071 | $10,071 |
| EDWARDS LIFESCIENCES | $6,275 | $6,299 |
| ELI LILLY & CO | $9,791 | $9,857 |
| ENBRIDGE INC | $5 | $5 |
| ESTEE LAUDER COMPANIES INC | $5,147 | $5,164 |
| EXXON MOBIL CORP | $7,774 | $7,815 |
| FACEBOOK INC | $9,605 | $9,647 |
| FEDEX CORPORATION | $5,728 | $5,746 |
| FIDELITY NATIONAL INFORMATION | $3,584 | $3,616 |
| GENERAL MOTORS | $6,772 | $6,771 |
| GILEAD SCIENCES INC | $8,141 | $8,187 |
| GRIFOLS SA REP 1/2 CL B | $2 | $2 |
| HOME DEPOT INC | $4,989 | $5,023 |
| HOST HOTELS & RESORTS INC | $3,612 | $3,599 |
| ILLINOIS TOOL WORKS | $7,350 | $7,365 |
| INTEL CORP | $18,528 | $18,554 |
| INTERNATIONAL BUSINESS MACHINE | $8,529 | $8,579 |
| ISHARES JP MORGAN USD EM MKTS | $20 | $20 |
| ISHARES MSCI-JAPAN | $34 | $34 |
| JP MORGAN CHASE | $6,944 | $6,970 |
| KROGER CO | $5,074 | $5,073 |
| LAM RESEARCH CORP | $4,639 | $4,678 |
| LYONDELLBASELL INDUSTRIES NV | $3,947 | $3,968 |
| MARATHON PETROLEUM CORP | $5,630 | $5,664 |
| MARSH AND MCLENNAN COMPANIES I | $6,344 | $6,350 |
| MEDTRONIC PLC | $12,823 | $12,933 |
| MICRON TECHNOLOGY | $6,724 | $6,776 |
| MICROSOFT CORP | $20,231 | $20,343 |
| NEXTERA ENERGY, INC | $10,562 | $10,655 |
| NIKE INC-CL B | $9,267 | $9,321 |
| PIMCO ENHANCED SHORT MATURITY | $36 | $36 |
| PROLOGIS | $3,184 | $3,209 |
| ROYAL DUTCH SHEL PLC SPONS ADR | $8 | $8 |
| SHERWIN-WILLIAMS CO | $3,477 | $3,501 |
| SOUTHERN CO | $4,995 | $5,032 |
| STARBUCKS CORP COM | $6,751 | $6,770 |
| TARGET CORPORATION | $5,102 | $5,128 |
| TEXAS INSTRUMENTS INC | $4,334 | $4,362 |
| THE COCA-COLA CO | $6,055 | $6,089 |
| TJX COMPANIES INC | $6,736 | $6,778 |
| TYSON FOODS INC CL A | $4,896 | $4,916 |
| VANGUARD CHARLOTTE INTL BD IDX | $9 | $9 |
| VANGUARD FTSE EMERGING MARKETS | $35 | $35 |
| VANGUARD GROWTH ETF | $25 | $25 |
| VANGUARD INDEX TR MID-CAP INDE | $20 | $8 |
| VANGUARD INDEX TRUST SMALL-CAP | $7 | $2 |
| VANGUARD INTERMEDIATE TERM COR | $73 | $73 |
| VANGUARD MID-CAP GROWTH ETF | $9 | $9 |
| VANGUARD SF REIT ETF | $22 | $23 |
| VANGUARD SMALL-CAP VALUE ETF | $60 | $60 |
| VANGUARD ST BOND ETF | $27 | $27 |
| VANGUARD VALUE ETF | $109 | $109 |
| VERIZON COMMUNICATIONS | $7,816 | $7,859 |
| VISA INC | $15,311 | $15,408 |
| WALGREENS BOOTS ALLIANCE | $6,575 | $6,545 |
| WALT DISNEY HOLDINGS CO | $8,915 | $8,967 |
| WASTE MANAGEMENT INC | $5,786 | $5,812 |
| WELLS FARGO & CO | $5,580 | $5,595 |
| WESTERN ASSET CORE PORTFOLIO | $70,495 | $70,495 |
| ZOETIS INC | $5,919 | $5,956 |
Liquidation Explanation Stmt LiquidationExplanationStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets.The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions:During the taxable year ending December 31, 2019, the Foundation made distributions from assets from sources other than current income.Collectively, the distributions in excess of current income totaled $555,000. This amount represents 25% or more of the Foundation's net assets of $577,875 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2019. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution.The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein. | ExplanationTxt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administrative Fees | $9,216 | $9,216 | |
| Bank Charges | $11 | $11 | |
| Postage/Delivery Service | $79 | $79 | |
| State or Local Filing Fees | $25 | $25 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Services | CategoryTxt |
| Amt | $3,979 | Amt |
| Net Investment Income | $3,979 | NetInvestmentIncomeAmt |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Vanguard Medical Specialists LLC | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9348 Grand Cordera Pkwy Ste 160 | AddressLine1Txt |
| City | Colorado Springs | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80924 | ZIPCd |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| 990-PF Excise Tax for 2018 | $48 | |
| Foreign Tax Paid | $67 | $67 |
Comments