Nonprofit · EIN 93-2806502
JUNG FAMILY FOUNDATION
Tax-exempt · VERNON HILLS, IL 60061
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $400,000 | $0 | $400,000 | $400,000 | $0 | $400,000 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $400,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $400,000
- Total liabilities, end of year
- $0
- Net assets, end of year
- $400,000
- Net assets without donor restrictions
- $400,000
- Gross receipts
- $400,000
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2023
- State of legal domicile
- IL
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jennifer Jung | Executive Director Trustee or director | 5 | $0 |
| Charlie Jung | Board Member and Director Trustee or director, Officer | 5 | $0 |
| Jun Jung | Board Member and Director Trustee or director, Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 47 MONTEREY DR, VERNON HILLS, IL 60061-2333
- In care of
- % SANG K LEE
- Mailing address (990-N for 2025)
- 47 Monterey Dr, Vernon Hills IL 60061
- Principal officer (990 for 2024)
- Charlie Jung, 3839 W Devon Ave, Chicago, IL 60659
- Principal officer (990-N for 2025)
- Sang Lee, 47 Monterey Dr, Vernon Hills IL 60061
- Signed the 990
- Sang Lee, Secretary
- Phone
- (847) 208-8617
Mission
charitable and educational
Program accomplishments
- Charitable and Educational.0
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-N on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 93-2806502
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B82)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: Sang Lee | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2024 Officer: Sang K Lee | December 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2024 | $400,000 | $0 | $400,000 | XML |
| 990-N for 2023 Officer: Sang K Lee | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
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 93-2806502).
Questions about JUNG FAMILY FOUNDATION
- What is the EIN of JUNG FAMILY FOUNDATION?
- The employer identification number (EIN) of JUNG FAMILY FOUNDATION is 93-2806502.
- Is JUNG FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to JUNG FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does JUNG FAMILY FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of JUNG FAMILY 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 JUNG FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
- Who is the principal officer of JUNG FAMILY FOUNDATION?
- The 990 for the year ended December 31, 2024 names Charlie Jung.
- Who are the officers and directors of JUNG FAMILY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does JUNG FAMILY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $400,000, expenses of $0 and total assets of $400,000 at year end.
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