Nonprofit · EIN 45-4376799
WON SOOK CHUNG FOUNDATION
Tax-exempt · MOORESTOWN, NJ 08057
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $546,696 | $351,729 | $194,967 | $2,720,640 | $0 | $2,720,640 |
| December 31, 2023 | 990-PF | $25,410 | $405,199 | -$379,789 | $2,525,673 | $0 | $2,525,673 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $10,492
- Interest
- $20
- Net gain from sales of assets
- $536,184
Expenses
- Grants and similar amounts paid
- $45,311
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $196,834
- Disbursements for charitable purposes
- $340,955
- Excise tax on investment income
- $7,538
Balance sheet and other
- Total assets, start of year
- $2,525,673
- Total assets, end of year
- $2,720,640
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,720,640
- Fair market value of assets
- $5,076,536
- Qualifying distributions
- $340,955
- Net investment income
- $546,696
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MYUNG K CHUNG 110 MARTER AVE, MOORESTOWN, NJ 08057 | PRESIDENT | 1 | $0 |
| CHRISTINA CHUNG 110 MARTER AVE, MOORESTOWN, NJ 08057 | TRUSTEE | 1 | $0 |
| DANIELLE CHUNG 110 MARTER AVE, MOORESTOWN, NJ 08057 | TRUSTEE | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MYUNG K CHUNG 110 MARTER AVE, MOORESTOWN, NJ 08057 | PRESIDENT | 1 | $0 |
| CHRISTINA CHUNG 110 MARTER AVE, MOORESTOWN, NJ 08057 | TRUSTEE | 1 | $0 |
| DANIELLE CHUNG 110 MARTER AVE, MOORESTOWN, NJ 08057 | TRUSTEE | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 123 MUIRFIELD CT, MOORESTOWN, NJ 08057-3954
- In care of
- % FRAN FRIES
- Signed the 990-PF
- MYUNG CHUNG, PRESIDENT
- Phone
- (856) 234-2346
- Website
- WONSOOKCHUNGFOUNDATION.ORG
- Return prepared by
- EISNER ADVISORY GROUP LLC
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 | Not 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
- 45-4376799
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $2,720,640
- Income (IRS master file)
- $1,330,601
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $546,696 | $351,729 | $2,720,640 | XML |
| 990-PF | December 2023 | $25,410 | $405,199 | $2,525,673 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 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 45-4376799).
Questions about WON SOOK CHUNG FOUNDATION
- What is the EIN of WON SOOK CHUNG FOUNDATION?
- The employer identification number (EIN) of WON SOOK CHUNG FOUNDATION is 45-4376799.
- Is WON SOOK CHUNG FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to WON SOOK CHUNG FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WON SOOK CHUNG FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of WON SOOK CHUNG FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WON SOOK CHUNG FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of WON SOOK CHUNG FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does WON SOOK CHUNG FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $546,696, expenses of $351,729 and total assets of $2,720,640 at year end.
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