ZHAO-CHEN FAMILY FOUNDATION INC: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- ZHAO-CHEN FAMILY FOUNDATION INC (EIN 85-4261456)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-17
- IRS object ID
- 202513219349104211
- Schema version
- 2024v5.2
- 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
- Expenditure Responsibility Stmt
- Expln Of Non Filing With AG Stmt
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-17T12:34:44-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 362929601 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FGMK LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2801 LAKESIDE DRIVE 3RD FLOOR | AddressLine1Txt |
| City | BANNOCKBURN | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60015 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 854261456 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ZHAO-CHEN FAMILY FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ZHAO | BusinessNameControlTxt |
| Phone | 4152373974 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 382 NE 191ST ST PMB 45801 | AddressLine1Txt |
| City | MIAMI | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 331793899 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PENG ZHAO | PersonNm |
| Person Title | DIRECTOR | PersonTitleTxt |
| Phone | 4152373974 | PhoneNum |
| Signature | 2025-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ROBERT H MINSHALL | PreparerPersonNm |
| PTIN | P00630217 | PTIN |
| Phone | 8473740400 | PhoneNum |
| Preparation | 2025-11-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $86,181,006 | 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 | $25,895,479 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $4,203 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $4,203 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $1,858,059 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,858,059 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $13,122,122 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $32,838,883 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $13,122,122 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | -$814,130 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $75,941 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $40,065,733 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $15,060,325 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $114,431 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $25,563 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $88,871 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $37,167 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $18,584 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $18,583 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $531,304 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $531,304 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $198,747 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $198,747 | InterestNetInvstIncmAmt |
| Interest Dsbrs Chrtbl | $0 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $6,147 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,518 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $397,555 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $396,712 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $269 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,285,351 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $1,172,428 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $107,723 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,049,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $2,049,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $3,334,351 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $1,172,428 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,156,723 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $36,731,382 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $13,887,897 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $137,456 | CashBOYAmt |
| Cash EOY | $3,407 | CashEOYAmt |
| Cash EOYFMV | $3,407 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $491,001 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $255,575 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $255,575 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $23,543,192 | CorporateStockBOYAmt |
| Corporate Stock EOY | $38,775,029 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $38,708,905 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $38,358,707 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $47,223,021 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $47,213,119 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $62,530,356 | TotalAssetsBOYAmt |
| Total Assets EOY | $86,257,032 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $86,181,006 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $62,530,356 | RetainedEarningBOYAmt |
| Retained Earning EOY | $86,257,032 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $62,530,356 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $86,257,032 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $62,530,356 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $86,257,032 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $62,530,356 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $36,731,382 | ExcessRevenueOverExpensesAmt |
| Other Increases | $12,132 | OtherIncreasesAmt |
| Subtotal | $99,273,870 | SubtotalAmt |
| Other Decreases | $13,016,838 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $86,257,032 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (7 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt | AcquiredAcquiredDt | SoldSoldDt |
|---|---|---|---|---|---|---|---|
| CAPITAL GAIN DISTRIBUTIONS - 1099S | P | $70 | $70 | $70 | |||
| CHARLES SCHWAB - ACCT 6049 | P | $4,144,068 | -$180,512 | -$180,512 | $4,324,580 | ||
| CHARLES SCHWAB - ACCT 6049 | P | $3,694,993 | $10,896 | $10,896 | $3,684,097 | ||
| GAINS/LOSS FROM PASSTHTROUGHS | P | -$8,512 | -$8,512 | $8,512 | |||
| GAINS/LOSS FROM PASSTHTROUGHS | P | -$80,886 | -$80,886 | $80,886 | |||
| SCHWAB - TUP0 | P | $24,178,128 | $12,980,554 | $12,980,554 | $11,197,574 | ||
| GROQ INC SERIES B-2 PREFERRED | P | $821,624 | $400,512 | $400,512 | $421,112 | 2021-01-13 | 2024-11-30 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $13,122,122 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $193,042 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $193,042 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $193,042 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $67,520 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $180,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $247,520 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $54,478 | OverpaymentAmt |
| Applied To ES Tax | $54,478 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DE | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | 0 | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (1) | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | PENG ZHAO | IndividualWithBooksNm |
| Phone | 4152373974 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 382 NE 191ST ST PMB 45801 | AddressLine1Txt |
| City | MIAMI | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 331793899 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | Yes (1) | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (1) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PENG ZHAO | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 382 NE 191ST ST PMB 45801 | AddressLine1Txt |
| City | MIAMI | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 331793899 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | PRESIDENT, SECRETARY AND TREASURER | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 1.00 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $0 | CompensationAmt |
| Employee Benefit Program | $0 | EmployeeBenefitProgramAmt |
| Expense Account Other Allwnc | $0 | ExpenseAccountOtherAllwncAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| VERNAL POINT ADVISORS LLC | |||||
| 235 PINE STREET SUITE 1225 | SAN FRANCISCO | CA | 94104 | INVESTMENT MANAGEMENT | $458,223 |
| LOEB & LOEB LLP | |||||
| 10100 SANTA MONICA BLVD STE 2200 | LOS ANGELES | CA | 90067 | LEGAL SERVICES | $88,871 |
| WHITMAN PETERSON | |||||
| 3075 TOWNSGATE ROAD | WESTLAKE VILLAGE | CA | 91361 | INVESTMENT MANAGEMENT | $58,259 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $17,966,165 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $2,389,052 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $43,163,010 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $63,518,227 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $63,518,227 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $952,773 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $62,565,454 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $3,128,273 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $3,128,273 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $193,042 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $193,042 | TotalTaxAmt |
| Distributable Before Adj | $2,935,231 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $2,935,231 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $2,935,231 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,156,723 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $2,156,723 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,935,231 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr3 | $350,233 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $122,453 | ExcessDistributionCyovYr2Amt |
| Total Excess Distribution Cyov | $472,686 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $2,156,723 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $2,156,723 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $472,686 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $472,686 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $305,822 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| THE SECOND CITY INC - VICTOR WONG FELLOWSHIP PROGRAM | ||||||
| 1616 N WELLS ST | CHICAGO | IL | 60614 | NC | THE VICTOR WONG FELLOWSHIP PROGRAM IS DESIGNED TO TRAIN THE NEXT GENERATION OF AAPI COMEDIC TALENT. | $25,000 |
| THE ASIAN AMERICAN FOUNDATION | ||||||
| 1376 BROADWAY | SAN FRANCISCO | CA | 94109 | PC | TO BUILD THE INFRASTRUCTURE TO IMPROVE ASIAN AMERICAN AND PACIFIC ISLANDER ADVOVACY, POWER AND REPRESENTATION | $2,000,000 |
| ASIAN PACIFIC COMMUNITY FUND | ||||||
| 1145 WILSHIRE BOULEVARD SUITE 105 | LOS ANGELES | CA | 90017 | PC | TO CULTIVATE PHILANTHROPIST TO INVEST IN ORGANIZATIONS THAT EMPOWER UNDERSERVED ASIAN AND PACIFIC ISLANDERS (AAPI) TO PROSPER BY BUILDING HEALTHIER COMMUNITIES, CREATING A STRONGER AAPI VOICE AND DEVELOPING AAPI LEADERS | $24,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $2,049,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $4,203 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,858,059 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $75,941 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $13,122,122 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (7 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt |
|---|---|---|
| UBTI - WHITMAN/PETERSON PARTNERS IV, LP | 525990 | -$53,401 |
| UBTI - AMERICAN RIVERS FUND LLC | 525990 | $284,304 |
| UBTI - TCG 3.0-B | 525990 | -$15,488 |
| UBTI - PEPPERTREE CAPITAL FUND IX LP | 525990 | -$941,618 |
| UBTI - ROSEMEAD PROJECT LLC | 525990 | $0 |
| UBTI - HILLPOINT WORKFORCE HOUSING PARTNERSHIP II, LP | 525990 | -$128,822 |
| UBTI - WHITMAN/PETERSON PARTNERS V, LP | 525990 | -$35,046 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$890,071 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $15,060,325 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $14,170,254 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (3 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|
| PENG ZHAO AND CHERRY CHEN | ||||||
| 1 | 382 NE 191ST ST PMB 45801 | MIAMI | FL | 331793899 | $20,443,759 | Yes (X) |
| PENG ZHAO AND CHERRY CHEN | ||||||
| 2 | 382 NE 191ST ST PMB 45801 | MIAMI | FL | 331793899 | $3,773,219 | Yes (X) |
| PENG ZHAO AND CHERRY CHEN | ||||||
| 3 | 382 NE 191ST ST PMB 45801 | MIAMI | FL | 331793899 | $1,678,501 | Yes (X) |
Non Cash Property Contribution NonCashPropertyContributionGrp (3 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | PUBLICLY TRADED SECURITIES | $20,443,759 | 2024-12-18 |
| 2 | PUBLICLY TRADED SECURITIES | $3,773,219 | 2024-12-19 |
| 3 | 211,932 SERIES B-2 PREFERRED SHS GROQ | $1,678,501 | 2024-10-15 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $37,167 | Amt |
| Net Investment Income | $18,584 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $18,583 | DisbursementsCharitablePrpsAmt |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE SECOND CITY INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1616 N WELLS ST | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60614 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant | 2024-10-01 | GrantDt |
| Grant | $25,000 | GrantAmt |
| Purpose Of Grant | GRANTEE AGREES TO USE THE GRANT FUNDS FOR EDUCATIONAL PURPOSES ONLY. SPECIFICALLY, GRANTEE SHALL USE THE GRANT FUNDS TO PROVIDE TRAINING TO THE NEXT GENERATION OF ASIAN AMERICAN PACIFIC ISLANDER ("AAPI") COMEDIC TALENT, THROUGH ITS FELLOWSHIP PROGRAM, "THE ZHAO-CHEN FAMILY PRESENTS: THE VICTOR WONG FELLOWSHIP" (THE "PROGRAM"), AND TO SO DESIGNATE THE FUNDS IN GRANTEE'S RECORDS. GRANTEE FURTHER AGREES TO USE THE GRANT ONLY FOR EDUCATIONAL PURPOSES AS DESCRIBED IN SECTION 170(C)(2)(B) OF THE CODE, OR ANY SUCCESSOR PROVISION THERETO, AND EQUIVALENT PROVISIONS OF APPLICABLE STATE LAW, AND NOT TO USE THE FUNDS IN VIOLATION OF THE PROVISIONS OF THE CODE GOVERNING GRANTEES OF PRIVATE FOUNDATIONS. | PurposeOfGrantTxt |
| Expended By Grantee | $25,000 | ExpendedByGranteeAmt |
| Any Diversion By Grantee | NONE NOTED | AnyDiversionByGranteeTxt |
| Verification | 2025-09-17 | VerificationDt |
| Results Of Verification | THE FOUNDATION IS UNAWARE OF SECOND CITY DIVERTING ANY OF THE FUNDS FROM THE PURPOSE OF THE GRANT. | ResultsOfVerificationTxt |
Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | DELAWARE DOES NOT REQUIRE A STATE RETURN AND THEREFORE DOES NOT HAVE A MEANS TO ACCEPT THE FEDERAL RETURN. | ExplanationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | PUBLIC EQUITY | StockNm |
| EOY Book Value | $38,775,029 | EOYBookValueAmt |
| EOYFMV | $38,708,905 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| INVESTMENT IN LP | AT COST | $26,445,915 | $26,436,013 |
| INVESTMENT IN CORP | AT COST | $3,412,710 | $3,412,710 |
| INVESTMENT IN FOREIGN PARTNERSHIPS | AT COST | $2,402,866 | $2,402,866 |
| INVESTMENT IN PFICS | AT COST | $14,961,530 | $14,961,530 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL & PROFESSIONAL FEE | CategoryTxt |
| Legal Fees | $114,431 | LegalFeesAmt |
| Net Investment Income | $25,563 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $88,871 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | COST BASIS ADJUSTMENT | Desc |
| Amt | $13,016,838 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| BANK CHARGES | $133 | $133 | $0 |
| PORTFOLIO DEDUCTIONS FROM PASSTHROUGHS | $345,891 | $345,891 | $0 |
| NONDEDUCTIBLE EXPENSES FROM PASSTHROUGHS | $574 | $0 | $0 |
| OTHER LOSSES FROM PASSTHROUGHS | $50,688 | $50,688 | $0 |
| CHARITABLE CONTIRBUTIONS FROM PASSTHROUGHS | $269 | $0 | $269 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| OTHER INCOME FROM PASSTHROUGHS | $75,941 | $75,941 | $75,941 |
| UBTI - WHITMAN/PETERSON PARTNERS IV, LP | -$53,401 | -$53,401 | |
| UBTI - AMERICAN RIVERS FUND LLC | $284,304 | $284,304 | |
| UBTI - TCG 3.0-B | -$15,488 | -$15,488 | |
| UBTI - PEPPERTREE CAPITAL FUND IX LP | -$941,618 | -$941,618 | |
| UBTI - HILLPOINT WORKFORCE HOUSING PARTNERSHIP II, LP | -$128,822 | -$128,822 | |
| UBTI - WHITMAN/PETERSON PARTNERS V, LP | -$35,046 | -$35,046 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SECTION 743B FROM PASSTHROUGHS | Desc |
| Amt | $12,132 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT MANAGEMENT FEE | CategoryTxt |
| Amt | $531,304 | Amt |
| Net Investment Income | $531,304 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd |
|---|---|---|---|
| PENG ZHAO | |||
| 382 NE 191ST ST PMB 45801 | MIAMI | FL | 331793899 |
| YU CHERRY CHEN | |||
| 382 NE 191ST ST PMB 45801 | MIAMI | FL | 331793899 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FEDERAL TAX PAID | $4,629 | $0 | $0 |
| FOREIGN TAXES FROM PASSTHROUGHS | $1,518 | $1,518 | $0 |
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