TREASURE FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
TREASURE FOUNDATION (EIN 83-2919959)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-10-10
IRS object ID
202532839349100728
Schema version
2024v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-10-10T20:09:46-04:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN203987295PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JAMES Y LEE & CO ACBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12855 MICHELLE STE 200AddressLine1Txt
CityIRVINECityNm
State AbbreviationCAStateAbbreviationCd
ZIP926061011ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN832919959EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE TREASURE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTREABusinessNameControlTxt
Phone9493039633PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12855 MICHELLE DRIVE STE 200AddressLine1Txt
CityIRVINECityNm
State AbbreviationCAStateAbbreviationCd
ZIP92606ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJEHONG JEONPersonNm
Person TitleCEOPersonTitleTxt
Phone9493039633PhoneNum
Signature2025-07-18SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJAMES Y LEEPreparerPersonNm
PTINP00286392PTIN
Phone7146691400PhoneNum
Preparation2025-10-10PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$40,898,915FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$192,431InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$192,431InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$783,998DividendsRevAndExpnssAmt
Dividends Net Invst Incm$783,998DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$745,676NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$15,101,371GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$745,676CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$1,722,105TotalRevAndExpnssAmt
Total Net Invst Incm$1,722,105TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$12,040AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$21,210TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$144,088OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$144,088OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$177,338TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$144,088TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,800,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,800,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,977,338TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$144,088TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$1,800,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$255,233ExcessRevenueOverExpensesAmt
Net Investment Income$1,578,017NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$7,680,820CashBOYAmt
Cash EOY$4,441,327CashEOYAmt
Cash EOYFMV$4,441,327CashEOYFMVAmt
Sav And Temp Cash Invst BOY$26,340,158SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$29,576,188SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$36,457,588SavAndTempCashInvstEOYFMVAmt
Total Assets BOY$34,020,978TotalAssetsBOYAmt
Total Assets EOY$34,017,515TotalAssetsEOYAmt
Total Assets EOYFMV$40,898,915TotalAssetsEOYFMVAmt
Other Liabilities BOY$10,168OtherLiabilitiesBOYAmt
Other Liabilities EOY$17,864OtherLiabilitiesEOYAmt
Total Liabilities BOY$10,168TotalLiabilitiesBOYAmt
Total Liabilities EOY$17,864TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$34,010,810NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$33,999,651NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$34,010,810TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$33,999,651TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$34,020,978TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$34,017,515TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$34,010,810TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$255,233ExcessRevenueOverExpensesAmt
Other Increases$245,004OtherIncreasesAmt
Subtotal$34,000,581SubtotalAmt
Other Decreases$930OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$33,999,651TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
BANK OF AMERICAP$9,324,347$9,236,427$87,920$87,920
BANK OF AMERICAP$4,612,898$4,036,970$575,928$575,928
CHARLES SCHWABP$540,406$519,350$21,056$21,056
CHARLES SCHWABP$619,043$562,948$56,095$56,095
FieldValueIRS element (for citing)
Capital Gain Net Income$745,676CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$108,976NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$21,934InvestmentIncomeExciseTaxAmt
Subtotal$21,934SubtotalAmt
Tax Based On Investment Income$21,934TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$5,000EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$5,000TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$578EsPenaltyAmt
Tax Due$17,512TaxDueAmt

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 FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundYes (true)DonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1JAMES Y LEEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7146691400PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12855 MICHELLE DR STE 200AddressLine1Txt
CityIRVINECityNm
State AbbreviationCAStateAbbreviationCd
ZIP92606ZIPCd
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
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonJEHONG JEONPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12855 MICHELLE DR STE 200AddressLine1Txt
CityIRVINECityNm
State AbbreviationCAStateAbbreviationCd
ZIP92606ZIPCd
FieldValueIRS element (for citing)
TitleCEOTitleTxt
Average Hrs Per Wk Devoted To Pos1.00AverageHrsPerWkDevotedToPosRt
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

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$33,017,448AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$7,445,165AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$40,462,613TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$40,462,613AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$606,939CashDeemedCharitableAmt
Net Vl Noncharitable Assets$39,855,674NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,992,784MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,992,784MinimumInvestmentReturnAmt
Tax Based On Investment Income$21,934TaxBasedOnInvestmentIncomeAmt
Total Tax$21,934TotalTaxAmt
Distributable Before Adj$1,970,850DistributableBeforeAdjAmt
Distributable Before Ded$1,970,850DistributableBeforeDedAmt
Distributable As Adjusted$1,970,850DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,800,000ExpensesAndContributionsAmt
Qualifying Distributions$1,800,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,970,850DistributableAsAdjustedAmt
Undistributed Income PY$1,783,173UndistributedIncomePYAmt
Qualifying Distributions$1,800,000QualifyingDistributionsAmt
Applied To Year1$1,783,173AppliedToYear1Amt
Applied To Current Year$16,827AppliedToCurrentYearAmt
Undistributed Income CY$1,954,023UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1BOA CHARITABLE GIFT FUNDBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1100 FEDERAL STAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02110ZIPCd
FieldValueIRS element (for citing)
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeCHARITABLE DONATIONGrantOrContributionPurposeTxt
Amt$1,800,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,800,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$192,431RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$783,998RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$745,676RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1,722,105RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,722,105TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (3 entries)

Line NumberLineNumberTxtRelationship StatementRelationshipStatementTxt
3INTEREST
4DIVIDENDS
8CAPITAL GAIN

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$12,040Amt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescPENALTYDesc
Amt$930Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
MANAGEMENT FEE$144,088$144,088

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescUNREALIZED GAINDesc
Amt$245,004Amt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescEXCISE TAX PAYABLEDesc
BOY Book Value$10,168BOYBookValueAmt
EOY Book Value$17,864EOYBookValueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryTAXES AND LICENSESCategoryTxt
Amt$21,210Amt

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