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SIMON & JOY HONG FOUNDATION: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
SIMON & JOY HONG FOUNDATION (EIN 47-4837033)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-07-28
IRS object ID
201812099349100201
Schema version
2017v2.3
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)
Return2018-07-28T15:46:13-07:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN821805214PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MIRAE ACCOUNTANCY & CONSULTANTS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12525 W 8TH ST STE 300AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP900575239ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2017-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN474837033EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SIMON & JOY HONG FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSIMOBusinessNameControlTxt
Phone2136232221PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1660 SO FIGUEROA STREET 2300AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90017ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSIMON HONGPersonNm
Person TitleCEOPersonTitleTxt
Phone2136232221PhoneNum
Signature2018-07-19SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKENNETH C HANPreparerPersonNm
PTINP00886650PTIN
Phone2133871100PhoneNum
Preparation2018-07-20PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,019,986FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$400,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$1,342InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1,342InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$1,342InterestOnSavingsAdjNetIncmAmt
Total Rev And Expnss$401,342TotalRevAndExpnssAmt
Total Net Invst Incm$1,342TotalNetInvstIncmAmt
Total Adj Net Incm$1,342TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,900AccountingFeesRevAndExpnssAmt
Other Expenses Rev And Expnss$100OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$2,000TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$113,160ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$113,160ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$115,160TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$113,160TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$286,182ExcessRevenueOverExpensesAmt
Net Investment Income$1,342NetInvestmentIncomeAmt
Adjusted Net Income$1,342AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$39,542CashBOYAmt
Cash EOY$474,383CashEOYAmt
Cash EOYFMV$474,383CashEOYFMVAmt
Sav And Temp Cash Invst BOY$600,000SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$451,341SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$545,603SavAndTempCashInvstEOYFMVAmt
Total Assets BOY$639,542TotalAssetsBOYAmt
Total Assets EOY$925,724TotalAssetsEOYAmt
Total Assets EOYFMV$1,019,986TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$639,542UnrestrictedBOYAmt
Unrestricted EOY$925,724UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$639,542TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$925,724TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$639,542TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$925,724TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$639,542TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$286,182ExcessRevenueOverExpensesAmt
Subtotal$925,724SubtotalAmt
Tot Net Ast Or Fund Balances EOY$925,724TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$157,155AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$165,554NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.949267DistributionYr1Rt
Adjusted Qlfy Distri Yr2$37,305AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$347,323NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.107407DistributionYr2Rt
Total Distribution1.056674TotalDistributionRt
Average Distribution0.528337AverageDistributionRt
Net Vl Noncharitable Assets$669,886NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$353,926AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$13NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$353,939AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$113,160QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$27InvestmentIncomeExciseTaxAmt
Subtotal$27SubtotalAmt
Tax Based On Investment Income$27TaxBasedOnInvestmentIncomeAmt
Tax Due$27TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationYes (true)PrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksSIMON HONGIndividualWithBooksNm
Phone2136232221PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1660 SO FIGUEROA STREET 2300AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90017ZIPCd
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

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonSIMON HONGPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1660 SO FIGUEROA STREET 2300AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90017ZIPCd
FieldValueIRS element (for citing)
TitleCEOTitleTxt
Average Hrs Per Wk Devoted To Pos000.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1THE FOUNDATION'S ONLY ACTIVITY IN 2017 WAS THE DONATIONS TO RELIGIOUS NON-PROFIT ORGANIZATIONS, SUCH AS CHURCH AND CHRISTIAN MISSIONARY ORGANIZATIONS.Description1Txt
Expenses1$1,900Expenses1Amt

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$581,373AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$98,714AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$680,087TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$680,087AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$10,201CashDeemedCharitableAmt
Net Vl Noncharitable Assets$669,886NetVlNoncharitableAssetsAmt
Minimum Investment Return$33,494MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$113,160ExpensesAndContributionsAmt
Qualifying Distributions$113,160QualifyingDistributionsAmt
Adjusted Qualifying Distri$113,160AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Qualifying Distributions$113,160QualifyingDistributionsAmt
Remaining Distri From Corpus$113,160RemainingDistriFromCorpusAmt
Total Corpus$113,160TotalCorpusAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$1,342CurrentYearAmt
Total$1,342TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Current Year$1,141CurrentYearAmt
Total$1,141TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$113,160CurrentYearAmt
Year1$157,155Year1Amt
Year2$37,305Year2Amt
Total$307,620TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$113,160CurrentYearAmt
Year1$157,155Year1Amt
Year2$37,305Year2Amt
Total$307,620TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$22,329CurrentYearAmt
Year1$5,519Year1Amt
Year2$11,577Year2Amt
Total$39,425TotalAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (15 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ALL NATIONS CHURCH
10000 FOOTHILL BLVDLAKE VIEW TERRACECA91342N/ARECEIVEDCHURCH$64,600
CHRISTIAN VISION ACADEMY
5812 MARIOLA PL NEALBUQUERQUENM87111N/ARECEIVEDCHRISTIAN MISSIONARY ORG.$2,400
GLOBAL PARTNERS
10582 KATELLA AVENUEANAHEIMCA92804N/ARECEIVEDCHRISTIAN MISSIONARY ORG.$1,200
GOOD NEIGHBORS
PO BOX 86755LOS ANGELESCA90086N/ARECEIVEDCHRISTIAN MISSIONARY ORG.$420
RAINBOW FAMILY MINISTRY
PO BOX 602CYPRESSCA90630N/ARECEIVEDCHRISTIAN MISSIONARY ORG.$11,600
SEED USA MINISTRY
PO BOX 847LA MIRADACA90637N/ARECEIVEDCHRISTIAN MISSIONARY ORG.$1,100
SILK ROAD CONNECTION
PO BOX 1127LA CANADACA91012N/ARECEIVEDCHRISTIAN MISSIONARY ORG.$13,400
ACCOMPANY WORLDWIDE INC
861 S WINDSOR BLVD 301LOS ANGELESCA90005N/ARECEIVEDCHRISTIAN MISSION ORG.$3,000
CHRIST KINGDOM CHURCH
300 LAGUNA ROADFULLERTONCA92835N/ARECEIVEDCHURCH$200
GRACE AFRICA PROJECT
1206 LYNDON STREETSOUTH PASADENACA91030N/ARECEIVEDCHRISTIAN MISSIONARY ORG.$2,000
LYNAY
369 MONTEREY ROADSOUTH PASADENACA91030N/ARECEIVEDCHRISTIAN MISSIONARY ORG.$3,000
MICAH HEALING MINISTRY
740 FREMONT VILLASLOS ANGELESCA90042N/ARECEIVEDCHARITY ORG.$2,000
OM KAM
1717 N LAKE AVENUEPASADENACA91104N/ARECEIVEDCHRISTIAN MISSIONARY ORG.$600
OPEN STEWARDSHIP FOUNDATION
1000 WILSHIRE BLVD 500LOS ANGELESCA90017N/ARECEIVEDCHARITY ORG.$140
TRANSFORMATION INTERNATIONAL
1206 LYNDON STREETSO PASADENACA91030N/ARECEIVEDCHRISTIAN CHARITABLE ORG$7,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$113,160TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1,342RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1,342RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,342TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonSIMON HONGContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1660 SO FIGUEROA STREET 2300AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90017ZIPCd
FieldValueIRS element (for citing)
Total Contributions$400,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$1,900Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
BANK FEES$100

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonSIMON HONGPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1660 SO FIGUEROA ST 2300AddressLine1Txt
Address Line2660 SO FIGUEROA ST 2300AddressLine2Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90017ZIPCd

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