CHUNG CHARITABLE FOUNDATION INC: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- CHUNG CHARITABLE FOUNDATION INC (EIN 77-0607988)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-05-14
- IRS object ID
- 201911349349102641
- Schema version
- 2018v3.1
- 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
- Accounting Fees Schedule
- Investments Corp Stock Schedule
- Other Assets Schedule
- Other Notes Loans Rcvbl Short Sch2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-05-14T11:37:33-07:00 | ReturnTs |
| Tax Period End | 2018-12-31 | 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 | 2018-01-01 | 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 | 2019-05-14 | 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 | 2018 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $3,047,081 | 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 | $1,200,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $38 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $38 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $50,473 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $50,473 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $227,447 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,540,621 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $227,447 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $1,477,958 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $277,958 | TotalNetInvstIncmAmt |
| Accounting Fees Rev And Expnss | $2,500 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Chrtbl Prps | $2,500 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $8,847 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $8,599 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $248 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $12,243 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $243 | TaxesNetInvstIncmAmt |
| Trav Conf Meeting Rev And Expnss | $3,895 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $3,895 | TravConfMeetingDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $27,485 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $8,842 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $6,643 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $82,950 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $82,950 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $110,435 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $8,842 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $89,593 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $1,367,523 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $269,116 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $44,946 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $521,079 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $521,079 | SavAndTempCashInvstEOYFMVAmt |
| Other Nts And Loans Rcvbl | $1,000,000 | OtherNtsAndLoansRcvblAmt |
| Other Nts And Loans Rcvbl EOY | $1,000,000 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $1,000,000 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Corporate Stock BOY | $1,627,619 | CorporateStockBOYAmt |
| Corporate Stock EOY | $1,519,008 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $1,526,002 | CorporateStockEOYFMVAmt |
| Other Assets EOY | $1 | OtherAssetsEOYAmt |
| Total Assets BOY | $1,672,565 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,040,088 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $3,047,081 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $1,672,565 | RetainedEarningBOYAmt |
| Retained Earning EOY | $3,040,088 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,672,565 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $3,040,088 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,672,565 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $3,040,088 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,672,565 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $1,367,523 | ExcessRevenueOverExpensesAmt |
| Subtotal | $3,040,088 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $3,040,088 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (51 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| 1750 CHARLES SCHWAB US MC ETF:SCHM | P | 2018-07-16 | 2018-12-18 | $85,178 | $98,087 | -$12,909 | -$12,909 |
| 200 CHARLES SCHWAB US MC ETF:SCHM | P | 2018-09-19 | 2018-12-18 | $9,735 | $11,653 | -$1,918 | -$1,918 |
| 200 COHEN AND STEERS INFRAST:UTF | P | 2018-01-18 | 2018-08-22 | $4,681 | $4,720 | -$39 | -$39 |
| 2500 INVESCO OPTIMUM YIELD DIVERSIFIED COMMOD | P | 2018-03-07 | 2018-12-18 | $38,622 | $43,300 | -$4,678 | -$4,678 |
| 2750 INVESCO OPTIMUM YIELD DIVERSIFIED COMMOD | P | 2018-04-05 | 2018-12-18 | $42,485 | $48,505 | -$6,020 | -$6,020 |
| 100 SCHWAB EMERGING MARKETS EQUITY ETF:SCHE | P | 2017-07-14 | 2018-06-29 | $2,588 | $2,593 | -$5 | -$5 |
| 350 SCHWAB EMERGING MARKETS EQUITY ETF:SCHE | P | 2018-01-18 | 2018-06-29 | $9,056 | $10,443 | -$1,387 | -$1,387 |
| 1000 SCHWAB EMERGING MARKETS EQUITY ETF:SCHE | P | 2018-02-06 | 2018-06-29 | $25,875 | $29,291 | -$3,416 | -$3,416 |
| 650 SCHWAB EMERGING MARKETS EQUITY ETF:SCHE | P | 2018-03-08 | 2018-06-29 | $16,819 | $18,886 | -$2,067 | -$2,067 |
| 200 SCHWAB EMERGING MARKETS EQUITY ETF:SCHE | P | 2018-05-17 | 2018-06-29 | $5,175 | $5,526 | -$351 | -$351 |
| 250 SCHWAB INTERNATIONAL EQUITY ETF:SCHF | P | 2017-07-14 | 2018-07-11 | $8,250 | $8,080 | $170 | $170 |
| 500 SCHWAB INTERNATIONAL EQUITY ETF:SCHF | P | 2017-08-02 | 2018-07-11 | $16,500 | $16,440 | $60 | $60 |
| 1000 SCHWAB INTERNATIONAL EQUITY ETF:SCHF | P | 2017-08-21 | 2018-07-11 | $33,000 | $32,275 | $725 | $725 |
| 2500 SCHWAB INTERNATIONAL EQUITY ETF:SCHF | P | 2018-01-18 | 2018-07-11 | $82,500 | $89,012 | -$6,512 | -$6,512 |
| 125 SCHWAB INTERNATIONAL EQUITY ETF:SCHF | P | 2018-03-08 | 2018-07-11 | $4,125 | $4,241 | -$116 | -$116 |
| 200 SCHWAB INTERNATIONAL EQUITY ETF:SCHF | P | 2018-05-17 | 2018-07-11 | $6,600 | $6,912 | -$312 | -$312 |
| 1000 SCHWAB US AGGREGATE BONDEFT:SCHZ | P | 2017-09-08 | 2018-01-18 | $51,672 | $52,741 | -$1,069 | -$1,069 |
| 650 SCHWAB US SMALL CAP ETF:SCHA | P | 2018-03-08 | 2018-12-18 | $40,231 | $46,152 | -$5,921 | -$5,921 |
| 700 SCHWAB US SMALL CAP ETF:SCHA | P | 2018-04-05 | 2018-12-18 | $43,325 | $48,825 | -$5,500 | -$5,500 |
| 200 SCHWAB US SMALL CAP ETF:SCHA | P | 2018-08-22 | 2018-12-18 | $12,379 | $15,483 | -$3,104 | -$3,104 |
| 300 SELECT SECTOR UTI SELECTSPDR ETF:XLU | P | 2017-02-06 | 2018-01-18 | $15,034 | $14,656 | $378 | $378 |
| 250 SPDR FUND CONSUMER STAPLES ETF:XLP | P | 2017-07-14 | 2018-01-18 | $14,373 | $13,662 | $711 | $711 |
| 100 SPDR FUND CONSUMER STAPLES ETF:XLP | P | 2017-10-04 | 2018-01-18 | $5,749 | $5,414 | $335 | $335 |
| 450 SPDR FUND MATERIALS SELECT SECTR ETF:XLB | P | 2018-01-18 | 2018-12-18 | $22,805 | $28,362 | -$5,557 | -$5,557 |
| 500 SPDR FUND MATERIALS SELECT SECTR ETF:XLB | P | 2018-02-06 | 2018-12-18 | $25,338 | $29,883 | -$4,545 | -$4,545 |
| 50 SPDR FUND MATERIALS SELECT SECTR ETF:XLB | P | 2018-05-29 | 2018-12-18 | $2,534 | $2,903 | -$369 | -$369 |
| 2000 COHEN AND STEERS INFRAST:UTF | P | 2011-08-10 | 2018-08-22 | $46,806 | $29,559 | $17,247 | $17,247 |
| 300 COHEN AND STEERS INFRAST:UTF | P | 2017-07-14 | 2018-08-22 | $7,021 | $6,937 | $84 | $84 |
| 1750 DOUBLELINE OPPORTUNISTIC:DBL | P | 2016-10-07 | 2018-05-29 | $36,594 | $42,600 | -$6,006 | -$6,006 |
| 500 PIMCO DYNAMIC INCOME CF:PDI | P | 2014-12-26 | 2018-01-18 | $14,807 | $15,305 | -$498 | -$498 |
| 2150 SCHWAB EMERGING MARKETS EQUITY ETF:SCHE | P | 2017-03-30 | 2018-06-29 | $55,631 | $52,078 | $3,553 | $3,553 |
| 2000 SCHWAB EMERGING MARKETS EQUITY ETF:SCHE | P | 2017-06-15 | 2018-06-29 | $51,750 | $49,201 | $2,549 | $2,549 |
| 2900 SCHWAB INTERNATIONAL EQUITY ETF:SCHF | P | 2017-03-30 | 2018-07-11 | $95,700 | $86,826 | $8,874 | $8,874 |
| 2000 SCHWAB INTERNATIONAL EQUITY ETF:SCHF | P | 2017-06-15 | 2018-07-11 | $66,000 | $63,017 | $2,983 | $2,983 |
| 100 SCHWAB US BROAD MARKET ETF:SCHB | P | 2015-08-24 | 2018-02-20 | $6,535 | $4,710 | $1,825 | $1,825 |
| 1700 SCHWAB US BROAD MARKET ETF:SCHB | P | 2015-08-24 | 2018-04-05 | $109,474 | $80,070 | $29,404 | $29,404 |
| 1000 SCHWAB US BROAD MARKET ETF:SCHB | P | 2016-01-04 | 2018-04-05 | $64,397 | $48,092 | $16,305 | $16,305 |
| 750 SELECT SECTOR UTI SELECTSPDR ETF:XLU | P | 2010-03-19 | 2018-01-18 | $37,584 | $22,411 | $15,173 | $15,173 |
| 200 SPDR FUND CONSUMER STAPLES ETF:XLP | P | 2006-11-30 | 2018-01-18 | $11,498 | $5,140 | $6,358 | $6,358 |
| 100 SPDR FUND CONSUMER STAPLES ETF:XLP | P | 2006-12-21 | 2018-01-18 | $5,749 | $2,609 | $3,140 | $3,140 |
| 100 SPDR FUND CONSUMER STAPLES ETF:XLP | P | 2006-12-21 | 2018-01-18 | $5,749 | $2,609 | $3,140 | $3,140 |
| 100 SPDR FUND CONSUMER STAPLES ETF:XLP | P | 2006-12-21 | 2018-01-18 | $5,749 | $2,609 | $3,140 | $3,140 |
| 100 SPDR FUND CONSUMER STAPLES ETF:XLP | P | 2006-12-21 | 2018-01-18 | $5,749 | $2,609 | $3,140 | $3,140 |
| 100 SPDR FUND CONSUMER STAPLES ETF:XLP | P | 2006-12-21 | 2018-01-18 | $5,749 | $2,609 | $3,140 | $3,140 |
| 200 SPDR FUND CONSUMER STAPLES ETF:XLP | P | 2006-12-21 | 2018-01-18 | $11,498 | $5,221 | $6,277 | $6,277 |
| 100 SPDR FUND CONSUMER STAPLES ETF:XLP | P | 2007-01-30 | 2018-01-18 | $5,749 | $2,653 | $3,096 | $3,096 |
| 400 SPDR FUND CONSUMER STAPLES ETF:XLP | P | 2007-01-30 | 2018-01-18 | $22,996 | $10,612 | $12,384 | $12,384 |
| 350 SPDR S&P 500 ETF:SPY | P | 2009-03-17 | 2018-02-06 | $93,703 | $27,104 | $66,599 | $66,599 |
| 150 SPDR S&P 500 ETF:SPY | P | 2009-03-17 | 2018-03-07 | $40,589 | $11,616 | $28,973 | $28,973 |
| 125 SPDR S&P 500 ETF:SPY | P | 2011-11-01 | 2018-03-07 | $33,824 | $15,291 | $18,533 | $18,533 |
| 275 SPDR S&P 500 ETF:SPY | P | 2011-11-01 | 2018-03-08 | $75,091 | $33,641 | $41,450 | $41,450 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $227,447 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$63,416 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $93,112 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $2,029,916 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.04587 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $95,101 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $1,858,001 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.05119 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $98,122 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $1,885,585 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.05204 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $97,698 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $2,010,205 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.04860 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $87,832 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $1,883,257 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.04664 | DistributionYr5Rt |
| Total Distribution | 0.244332 | TotalDistributionRt |
| Average Distribution | 0.048866 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $2,135,604 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $104,358 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $2,691 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $107,049 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $89,593 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $5,382 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $5,382 | SubtotalAmt |
| Tax Based On Investment Income | $5,382 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $7,578 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $7,578 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $11 | EsPenaltyAmt |
| Overpayment | $2,185 | OverpaymentAmt |
| Applied To ES Tax | $2,185 | 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 |
| Form990 T Filed | false | Form990TFiledInd |
| 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 |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | false | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| 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 |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | false | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Proceeds Or Net Income | false | ProceedsOrNetIncomeInd |
| 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 | $2,021,900 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $146,226 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $2,168,126 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $2,168,126 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $32,522 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $2,135,604 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $106,780 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $106,780 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $5,382 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $5,382 | TotalTaxAmt |
| Distributable Before Adj | $101,398 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $101,398 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $101,398 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $89,593 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $89,593 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $89,593 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $101,398 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $87,015 | UndistributedIncomePYAmt |
| Qualifying Distributions | $89,593 | QualifyingDistributionsAmt |
| Applied To Year1 | $87,015 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $2,578 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $98,820 | 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 (14 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ELIJAH WEN | |||||||
| 169 KENSINGTON PARK | IRVINE | CA | 92606 | NONE | I | SCHOLARSHIP | $1,000 |
| CRUZ GONZALEZ GAETO | |||||||
| 334 BARBARA DR | PERRIS | CA | 92570 | NONE | I | SCHOLARSHIP | $3,000 |
| JOCELYN GONZALEZ GAETO | |||||||
| 334 BARBARA DR | PERRIS | CA | 92570 | NONE | I | SCHOLARSHIP | $1,000 |
| MADISON ZIMMERMAN | |||||||
| 32925 BROOKSEED DRIVE | TRABUCO CANYON | CA | 92679 | NONE | I | SCHOLARSHIP | $2,000 |
| FIDELITY CHARITABLE | |||||||
| PO BOX 770001 | CINCINNATI | OH | 45277 | N/A | PC | GENERAL & UNRESTRICTED | $40,000 |
| JOSHUA ACKERMAN | |||||||
| 36943 REGENCY PLANCE | PALMDALE | CA | 93552 | NONE | I | SCHOLARSHIP | $200 |
| SOPHIE CHENG | |||||||
| 63 WINDINGWAY | IRVINE | CA | 92614 | NONE | I | SCHOLARSHIP | $500 |
| ELLIE YA-SHUAN CHENG | |||||||
| 33 CANYON WOOD | IRVINE | CA | 92620 | NONE | I | SCHOLARSHIP | $1,000 |
| EVAN WAYEN 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 | $30,000 |
| LUCAS S ACKERMAN | |||||||
| 36943 REGENCY PLANCE | PALMDALE | CA | 93552 | NONE | I | SCHOLARSHIP | $1,000 |
| RENEWAL FOUNDATION INC | |||||||
| 1249 S DIAMOND BAR BLVD 359 | DIAMOND BAR | CA | 91765 | N/A | PC | GENERAL & UNRESTRICTED | $1,250 |
| 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 | $500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $82,950 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $38 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $50,473 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $227,447 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $50,511 | ExclusionAmt |
| Related Or Exempt Function Incm | $227,447 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $277,958 | 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 | $1,200,000 | 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 | $2,500 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $2,500 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (28 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 700 ISHARES TR US HEALTHCARE | $45,638 | $126,567 |
| 1750 SPDR FUND CONSUMER | ||
| 900 S P D R S&P 500 ETF TR | ||
| 1500 ENERGY SELECT SECTOR | $82,371 | $86,025 |
| 2300 COHEN & STEERS | ||
| 7675 EATON VANCE LTD DURATION | $102,998 | $91,486 |
| 1050 SELECT SECTOR UTI SELECT | ||
| 1700 SELECT SECTOR INDUSTRIAL SPDR | $52,218 | $109,497 |
| 3000 JP MORGAN EXCH TRADED NT | $97,544 | $66,960 |
| 1000 AT & T INC COM | $34,508 | $28,540 |
| 366 ALCOA CORP COM | $7,874 | $9,728 |
| 1000 HOVNANIAN ENTERPRISE INC CL A | $3,488 | $684 |
| 500 SPDR SER TR S&P HOMEBUILDERS ETF(XHB | $13,993 | $16,260 |
| 500 PIMCO DYNAMIC INCOME FD | ||
| 5000 BARRICK GOLD CORP COMN PV | $82,137 | $67,700 |
| 6000 PETROLEO BRASILIRO SA PETROBRAS ADS | $96,800 | $78,060 |
| 2800 SCHWAB US BROAD MARKET | ||
| 3750 SELECT STR FINANCIAL | $90,164 | $89,325 |
| 1100 ARCONIC INC COM | $19,467 | $18,546 |
| 1750 DOUBLELINE OPPORTUNISTIC | ||
| 2875/9500 SCHWAB US LARGE CAP ETF | $599,148 | $567,150 |
| 6000/6500 POWERSHARES PREFERRED | $97,610 | $87,555 |
| 4250 SCHWAB EMERGING MARKETS | ||
| 6650 SCHWAB INTERNATIONAL | ||
| 1000 SCHWAB US AGGREGATE BOND | ||
| 4800 BLACKROCK CREDIT ALLOCAT | $59,481 | $53,664 |
| 2000 ALPS ALERIAN MLP ETF | $20,643 | $17,460 |
| 128.512 FIDELITY BLUE CHIP GROWTH | $12,926 | $10,795 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Rounding | Desc |
| EOY Book Value | $1 | EOYBookValueAmt |
Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2
Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp
Organization501c3 Name Organization501c3Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CALIFORNIA HIGHLAND ENTERPRISE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Balance Due | $1,000,000 | BalanceDueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| ADMINISTRATIVE FEES | $123 | $0 | $0 | $123 |
| DELAWARE AGENT ANNUAL FEE | $125 | $0 | $0 | $125 |
| INVESTMENT MANAGEMENT SERVICES | $8,599 | $8,599 | $0 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FEDERAL INCOME TAX | $12,000 | |
| FOREIGN TAX PAID ON DIVIDEND INCOME | $243 | $243 |
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