Nonprofit · EIN 20-1689980
CHEON AM SCHOLARSHIP FOUNDATION
Tax-exempt · NORTHBROOK, IL 60062
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $1,210 | $4,025 | -$2,815 | $56,143 | $1,000 | $55,143 |
| December 31, 2024 | 990-PF | $0 | $3,312 | -$3,312 | $59,958 | $2,000 | $57,958 |
| December 31, 2023 | 990-PF | $0 | $10,187 | -$10,187 | $71,429 | $10,000 | $61,429 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Other income
- $1,210
Expenses
- Grants and similar amounts paid
- $4,000
- Disbursements for charitable purposes
- $4,000
Balance sheet and other
- Total assets, start of year
- $59,958
- Total assets, end of year
- $56,143
- Total liabilities, end of year
- $1,000
- Net assets, end of year
- $55,143
- Qualifying distributions
- $4,000
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT LEE 295 HOBBLE BUSH LN, VERNON HILLS, IL 60061 | PRESIDENT | 0 | $0 |
| JOSEPHINE LEE 295 S HOBBLE BUSH LN, VERNON HILLS, IL 60061 | TREASURER | 0 | $0 |
| SUN IM 219 W SHADOW CREEK CIRCLE, VERNON HILLS, IL 60061 | SECRETARY | 0 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT LEE 295 HOBBLE BUSH LN, VERNON HILLS, IL 60061 | PRESIDENT | 0 | $0 |
| JOSEPHINE LEE 295 S HOBBLE BUSH LN, VERNON HILLS, IL 60061 | TREASURER | 0 | $0 |
| SUN IM 219 W SHADOW CREEK CIRCLE, VERNON HILLS, IL 60061 | SECRETARY | 0 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT LEE 295 HOBBLE BUSH LN, VERNON HILLS, IL 60061 | PRESIDENT | 0 | $0 |
| JOSEPHINE LEE 295 S HOBBLE BUSH LN, VERNON HILLS, IL 60061 | TREASURER | 0 | $0 |
| SUN IM 219 W SHADOW CREEK CIRCLE, VERNON HILLS, IL 60061 | SECRETARY | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 3486 MILWAUKEE AVE, NORTHBROOK, IL 60062-7128
- In care of
- % SCOTT S LEE
- Signed the 990-PF
- SCOTT LEE, PRESIDENT
- Phone
- (847) 808-7575
- Return prepared by
- PNJK PARTNERS LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 20-1689980
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $56,143
- Income (IRS master file)
- $1,210
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $1,210 | $4,025 | $56,143 | IRS |
| 990-PF | December 2024 | $0 | $3,312 | $59,958 | XML |
| 990-PF | December 2023 | $0 | $10,187 | $71,429 | XML |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-1689980).
Questions about CHEON AM SCHOLARSHIP FOUNDATION
- What is the EIN of CHEON AM SCHOLARSHIP FOUNDATION?
- The employer identification number (EIN) of CHEON AM SCHOLARSHIP FOUNDATION is 20-1689980.
- Is CHEON AM SCHOLARSHIP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to CHEON AM SCHOLARSHIP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CHEON AM SCHOLARSHIP FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CHEON AM SCHOLARSHIP FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHEON AM SCHOLARSHIP FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of CHEON AM SCHOLARSHIP FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does CHEON AM SCHOLARSHIP FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,210, expenses of $4,025 and total assets of $56,143 at year end.
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