Nonprofit · EIN 93-4831437
MARCUS AND DESIREE CHUNG FAMILY FOUNDATION
Tax-exempt · SAN FRANCISCO, CA 94109
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $103,866 | $117,964 | -$14,098 | $2,167,902 | $50,150 | $2,117,752 |
| December 31, 2024 | 990-PF | $49,911 | $114,205 | -$64,294 | $1,950,206 | $15,000 | $1,935,206 |
| December 31, 2023 | 990-PF | $2,000,000 | $0 | $2,000,000 | $1,999,500 | $0 | $1,999,500 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $61,962
- Interest
- $3
- Net gain from sales of assets
- $41,901
Expenses
- Grants and similar amounts paid
- $100,150
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Disbursements for charitable purposes
- $100,347
- Excise tax on investment income
- $1,294
Balance sheet and other
- Total assets, start of year
- $1,950,206
- Total assets, end of year
- $2,167,902
- Total liabilities, end of year
- $50,150
- Net assets, end of year
- $2,117,752
- Fair market value of assets
- $2,167,902
- Qualifying distributions
- $100,347
- Net investment income
- $103,866
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 |
|---|---|---|---|
| Marcus Chung Paley and Prehn PLC, 819 EDDY STREET, San Francisco, CA 94109 | President | 2 | $0 |
| Desiree Chung Paley and Prehn PLC, 819 EDDY STREET, San Francisco, CA 94109 | Secretary Treasurer | 2 | $0 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Marcus Chung Paley and Prehn PLC, 819 EDDY STREET, San Francisco, CA 94109 | President | 2 | $0 |
| Desiree Chung Paley and Prehn PLC, 819 EDDY STREET, San Francisco, CA 94109 | Secretary Treasurer | 2 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Marcus Chung 2106 Cruden Bay Way, Gilroy, CA 95020 | President | 2 | $0 |
| Desiree Chung 2106 Cruden Bay Way, Gilroy, CA 95020 | Secretary Treasurer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PALEY AND PREHN PLC 819 EDDY ST, SAN FRANCISCO, CA 94109-0000
- In care of
- % MARCUS
- Signed the 990-PF
- Marcus Chung, President
- Phone
- (833) 766-1313
- Return prepared by
- Paley and Prehn A Professional Law Corporation
California records
California keeps its own records of charities and corporations. Search them by EIN 93-4831437 or by the name MARCUS AND DESIREE CHUNG FAMILY FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
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
- 93-4831437
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $2,167,902
- Income (IRS master file)
- $796,914
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $103,866 | $117,964 | $2,167,902 | IRS |
| 990-PF | December 2024 | $49,911 | $114,205 | $1,950,206 | IRS |
| 990-PF | December 2023 | $2,000,000 | $0 | $1,999,500 | XML |
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 93-4831437).
Questions about MARCUS AND DESIREE CHUNG FAMILY FOUNDATION
- What is the EIN of MARCUS AND DESIREE CHUNG FAMILY FOUNDATION?
- The employer identification number (EIN) of MARCUS AND DESIREE CHUNG FAMILY FOUNDATION is 93-4831437.
- Is MARCUS AND DESIREE CHUNG FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to MARCUS AND DESIREE CHUNG FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MARCUS AND DESIREE CHUNG FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MARCUS AND DESIREE CHUNG 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 MARCUS AND DESIREE CHUNG FAMILY 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 MARCUS AND DESIREE CHUNG FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does MARCUS AND DESIREE CHUNG FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $103,866, expenses of $117,964 and total assets of $2,167,902 at year end.
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