CHI FAMILY FOUNDATION INC: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
CHI FAMILY FOUNDATION INC (EIN 46-4168073)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-03-07
IRS object ID
201610679349100111
Schema version
2015v2.1
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 ReturnHeader

FieldValueIRS element (for citing)
Return2016-03-07T16:16:41-06:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN112883955PreparerFirmEIN

Preparer Firm Name PreparerFirmName

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

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11646 CENTER AVEAddressLine1Txt
CityFORT LEECityNm
State AbbreviationNJStateAbbreviationCd
ZIP07024ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN464168073EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CHI FAMILY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCHIFBusinessNameControlTxt
Phone6095196519PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O ELSEVIER360 PARK AVENUE S 9FLAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10010ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonYOUNGSUK CHIPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone6095196519PhoneNum
Signature2016-02-24SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonYONG BAE KIMPreparerPersonNm
PTINP00738702PTIN
Phone2014612727PhoneNum
Preparation2016-03-07PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-09-27 15:27:22ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,622,021FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$550,000ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$51,629DividendsRevAndExpnssAmt
Dividends Net Invst Incm$51,629DividendsNetInvstIncmAmt
Other Income Rev And Expnss$13OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$13OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$601,642TotalRevAndExpnssAmt
Total Net Invst Incm$51,642TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$3,000AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$3,530TaxesRevAndExpnssAmt
Taxes Net Invst Incm$3,135TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$159OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$6,689TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$3,135TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$141,702ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$141,702ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$148,391TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$3,135TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$141,702TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$453,251ExcessRevenueOverExpensesAmt
Net Investment Income$48,507NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$133,574CashBOYAmt
Cash EOY$586,825CashEOYAmt
Cash EOYFMV$586,825CashEOYFMVAmt
Corporate Stock BOY$1,828,787CorporateStockBOYAmt
Corporate Stock EOY$1,828,787CorporateStockEOYAmt
Corporate Stock EOYFMV$2,035,196CorporateStockEOYFMVAmt
Total Assets BOY$1,962,361TotalAssetsBOYAmt
Total Assets EOY$2,415,612TotalAssetsEOYAmt
Total Assets EOYFMV$2,622,021TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$1,962,361UnrestrictedBOYAmt
Unrestricted EOY$2,415,612UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$1,962,361TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,415,612TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,962,361TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,415,612TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,962,361TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$453,251ExcessRevenueOverExpensesAmt
Subtotal$2,415,612SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,415,612TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$50,000AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$1,116,159NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.044796DistributionYr1Rt
Total Distribution0.044796TotalDistributionRt
Average Distribution0.044796AverageDistributionRt
Net Vl Noncharitable Assets$2,121,854NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$95,051AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$485NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$95,536AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$141,702QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$485InvestmentIncomeExciseTaxAmt
Subtotal$485SubtotalAmt
Tax Based On Investment Income$485TaxBasedOnInvestmentIncomeAmt
Tax Due$485TaxDueAmt

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 StateDEOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksYOUNGSUK CHIIndividualWithBooksNm
Phone6095196519PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1265 INDIES WAY 902AddressLine1Txt
CityNAPLESCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34110ZIPCd
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 (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
YOUNGSUK CHI
265 INDIES WAY 902NAPLESFL34110PRESIDENT1.00$0$0$0
SUNGEUN KIM CHI
265 INDIES WAY 902NAPLESFL34110VICE-PRESIDE1.00$0$0$0
EUNJEONG KIM CHI
407 PARK AVENUE SOUTH 9DNEW YORKNY10016DIRECTOR1.00$0$0$0
SOOJEONG SOPHIA CHI
23 EAST 22ND ST 9BNEW YORKNY10010DIRECTOR1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,985,641AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$168,526AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,154,167TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$2,154,167AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$32,313CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,121,854NetVlNoncharitableAssetsAmt
Minimum Investment Return$106,093MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$106,093MinimumInvestmentReturnAmt
Tax Based On Investment Income$485TaxBasedOnInvestmentIncomeAmt
Total Tax$485TotalTaxAmt
Distributable Before Adj$105,608DistributableBeforeAdjAmt
Distributable Before Ded$105,608DistributableBeforeDedAmt
Distributable As Adjusted$105,608DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$141,702ExpensesAndContributionsAmt
Qualifying Distributions$141,702QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$485PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$141,217AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$105,608DistributableAsAdjustedAmt
Undistributed Income PY$8,260UndistributedIncomePYAmt
Qualifying Distributions$141,702QualifyingDistributionsAmt
Applied To Year1$8,260AppliedToYear1Amt
Applied To Current Year$105,608AppliedToCurrentYearAmt
Remaining Distri From Corpus$27,834RemainingDistriFromCorpusAmt
Total Corpus$27,834TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$27,834ExcessDistriCyovToNextYrAmt
Excess From Current Year$27,834ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
PRINCETON UNIVERSITY
PRINCETON UNIVERSITYPRINCETONNJ08544PCGENERAL PURPOSE$100,000
COLUMBIA BUSINESS SCHOOL
COLUMBIA UNIVERSITYNEW YORKNY10027PCGENERAL PURPOSE$30,0003022 BROADWAY
LAWRENCEVILLE SCHOOL
2500 MAIN STREETLAWRENCEVILLENJ08648PCGENERAL PURPOSE$800
PRINCETON IN ASIA
194 NASSAU STREETPRINCETONNJ08542PCSCHOLARSHIP FUND$50SUITE 212
PHILIPPINES HUMANITARIAN
211 EAST BROADWAYSALT LAKE CITYUT84111PCSUPPORT CHILDREN$10,000SUITE 218-A
KATE & JUSTIN ROSE FOUNDATION
10524 MOSS PARK ROADORLANDOFL32832PCCITY KID SUPPORT$852SUITE 204-712
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$141,702TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$51,629RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Related Or Exempt Function Incm$13RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$51,642RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$51,642TotalIncomeProducingActyAmt

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 PersonYOUNGSUK CHIContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1265 INDIES WAY 902AddressLine1Txt
CityNAPLESCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34110ZIPCd
FieldValueIRS element (for citing)
Total Contributions$550,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEECategoryTxt
Amt$3,000Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (7 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
COCA-COLA CO COM$156,840$171,840
ENERGY SECTOR SPDR TRUST$307,510$211,120
INTEL CORP$11,648$16,398
MICROSOFT CORP$186,100$277,400
RELX NV SPON ADR$713,272$796,194
RELX PLC SPON ADR$279,342$299,544
WALT DISNEY CO$174,075$262,700

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
DUES AND SUBSCRIPTIONS$159

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Revenue And Expenses Per Books$13RevenueAndExpensesPerBooksAmt
Net Investment Income$13NetInvestmentIncomeAmt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonYOUNGSUK CHIPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1265 INDIES WAY 902AddressLine1Txt
CityNAPLESCityNm
State AbbreviationFLStateAbbreviationCd
ZIP34110ZIPCd

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FOREIGN TAXES$3,135$3,135
EXCISE TAX$395

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