Cheong Foundation

990PF • Fiscal year 2021 • EIN 20-5922395

Oct 01, 2020 to Sep 30, 2021 • Filed on Aug 12, 2022

Organization Profile

340 S Lemon Ave 8898Walnut, CA 91789

(702) 550-1551

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • <$500k nonprofits • Source year 2021

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • <$500k nonprofits • Source year 2021

-762%

Higher net margin than 3% of similar nonprofits.

2021 filings • <$500k nonprofits • Source year 2021

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • <$500k nonprofits • Source year 2021

-2.0%

Faster asset growth than 36% of similar nonprofits.

2021 filings • <$500k nonprofits • Annualized from 2020 to 2021

-21%

Faster revenue growth than 29% of similar nonprofits.

2021 filings • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet

Liabilities / Assets57th percentile

Assets

Down

$108,738

Down $2,268 (-2.0%) from 2020

Net Assets

Down

$108,738

Down $2,268 (-2.0%) from 2020

Liabilities

Flat

Flat from 2020

Revenue And Expenses

Liabilities / Revenue57th percentile Net Margin3rd percentile

Revenue

Down

$1,263

Down $335 (-21%) from 2020

Expenses

$10,883

Up $108 (+1.0%) from 2020

Net Income

Down

-$9,620

Down $443 (-4.8%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2021

Assets$108,738

Liabilities$0

Net Assets$108,738

Open 2021 Filing

Operations Trend

Revenue Growth29th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2021

Revenue$1,263

Expenses$10,883

Net Income-$9,620

Open 2021 Filing

Jump To

Filing Snapshot

Filing Period: Oct 1, 2020 to Sep 30, 2021
Signed: Aug 12, 2022
Return Version: 2020v4.1

Compensation and Service Providers

Top Officer Pay78th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
Gerald Cheong	President	-	$0	-	-
Maxwell Cheong	Director	-	$0	-	-
Joao Seak Weng Cheong	Secretary	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Cheong Foundation
EIN: 20-5922395
Phone: 7025501551
Address: 340 S Lemon Ave 8898, Walnut, CA 91789

Signing Officer

Name: Gerald Cheong
Title: President
Phone: 7025501551
Signed: 2022-08-12

Preparer

Firm: Prudent Financial Services Inc
Address: 113-25 QUEENS BLVD STE 117, FOREST HILLS, NY 11375
Preparer: Satish Pareek
Phone: 7184248004

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm	2	Joao Seak Weng Cheong
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt	2	Secretary
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IRS990PF/QualifyingDistriPartXIIGrp/ExpensesAndContributionsAmt	0	9842
IRS990PF/QualifyingDistriPartXIIGrp/PctSect4940eOrgNetInvstIncmAmt	0	0
IRS990PF/QualifyingDistriPartXIIGrp/QualifyingDistributionsAmt	0	9842
IRS990PF/StatementsRegardingActy4720Grp/BrrwOrLendDisqualifiedPrsnInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/BusinessHoldingsInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/FurnGoodsDisqualifiedPrsnInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/GrantsToIndividualsInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/GrantsToOrganizationsInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/InfluenceElectionInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/InfluenceLegislationInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/JeopardyInvestmentsInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/NoncharitablePurposeInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/PayCompDisqualifiedPrsnInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/PaymentToGovernmentOfficialInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/PayPremiumsPrsnlBnftCntrctInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/ProhibitedTaxShelterTransInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/RcvFndsToPayPrsnlBnftCntrctInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/SaleOrExchDisqualifiedPrsnInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/SubjToTaxRmnrtnExPrchtPymtInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/TransferAstDisqualifiedPrsnInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPriorActsInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPYJeopardyInvstInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/UndistributedIncomePYInd	0	false
IRS990PF/StatementsRegardingActyGrp/ActivitiesNotPreviouslyRptInd	0	false
IRS990PF/StatementsRegardingActyGrp/AtLeast5000InAssetsInd	0	true
IRS990PF/StatementsRegardingActyGrp/ChangesToArticlesOrBylawsInd	0	false
IRS990PF/StatementsRegardingActyGrp/ComplyWithPublicInspRqrInd	0	true
IRS990PF/StatementsRegardingActyGrp/DonorAdvisedFundInd	0	false
IRS990PF/StatementsRegardingActyGrp/ForeignAccountsQuestionInd	0	false
IRS990PF/StatementsRegardingActyGrp/Form1120POLFiledInd	0	false
IRS990PF/StatementsRegardingActyGrp/Form990PFFiledWithAttyGenInd	0	true
IRS990PF/StatementsRegardingActyGrp/IndividualWithBooksNm	0	Gerald Cheong
IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd	0	false
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/AddressLine1Txt	0	340 S Lemon Ave 8898
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm	0	WALNUT
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/StateAbbreviationCd	0	CA
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/ZIPCd	0	91789
IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd	0	false
IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd	0	false
IRS990PF/StatementsRegardingActyGrp/OrganizationDissolvedEtcInd	0	false
IRS990PF/StatementsRegardingActyGrp/OrgReportOrRegisterStateCd	0	CA
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd	0	false
IRS990PF/StatementsRegardingActyGrp/PhoneNum	0	7025501551
IRS990PF/StatementsRegardingActyGrp/PrivateOperatingFoundationInd	0	false
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd	0	true
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd	0	false
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt	0	N/A
IRS990PF/SupplementaryInformationGrp/ContributingManagerNm	0	GERALD CHEONG
IRS990PF/SupplementaryInformationGrp/ContributingManagerNm	1	MAXWELL CHEONG
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd	0	X
IRS990PF/SupplementaryInformationGrp/ShareholderManagerNm	0	NONE
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd	0	false
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt	0	6907
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt	0	9351
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt	0	16073
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr3Amt	0	9908
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr4Amt	0	92064
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr5Amt	0	42104
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt	0	42104
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt	0	137238
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt	0	9842
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt	0	9351
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt	0	16073
IRS990PF/UndistributedIncomeGrp/ExcessFromYear3Amt	0	9908
IRS990PF/UndistributedIncomeGrp/ExcessFromYear4Amt	0	92064
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt	0	0
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt	0	9842
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt	0	9842
IRS990PF/UndistributedIncomeGrp/Taxable1Amt	0	0
IRS990PF/UndistributedIncomeGrp/Taxable2Amt	0	0
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt	0	179342
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt	0	169500
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt	0	0
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt	0	6907
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt	0	1027
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt	1	1401
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt	2	3830
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt	3	687
LandEtcSchedule2/LandEtcGrp/BookValueAmt	0	0
LandEtcSchedule2/LandEtcGrp/BookValueAmt	1	0
LandEtcSchedule2/LandEtcGrp/BookValueAmt	2	234
LandEtcSchedule2/LandEtcGrp/BookValueAmt	3	358
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt	0	COMPUTER EQUIPMENT
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt	1	EQUIPMENT 2014
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt	2	COMPUTER EQUIPMENTS 2017
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt	3	COMPUTER EQUIPMENTS 2018
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	0	1027
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	1	1401
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	2	4064
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	3	1045
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	0	Meals & Entertainment
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	1	Telephone
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	2	Dues and subscriptions
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	3	Office Supplies
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	4	Postage
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	5	Utilities
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	6	Bank Charges and fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	7	Misc exp
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	0	1921
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	1	434
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	2	48
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	3	681
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	4	261
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	5	186
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	6	9
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	7	108
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	0	1921
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	1	434
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	2	48
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	3	681
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	4	261
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	5	186
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	6	9
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	7	108
OtherIncreasesSchedule/OtherIncreasesDetail/Amt	0	7206
OtherIncreasesSchedule/OtherIncreasesDetail/Amt	1	146
OtherIncreasesSchedule/OtherIncreasesDetail/Desc	0	CAPITAL GAINS
OtherIncreasesSchedule/OtherIncreasesDetail/Desc	1	FEDERAL TAX
TaxesSchedule/TaxesDetail/Amt	0	10
TaxesSchedule/TaxesDetail/CategoryTxt	0	State Tax
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt	0	10
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd	0	AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd	0	FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd	0	IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd	0	3
ReturnHeader/BuildTS	0	2022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm	0	GERALD CHEONG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	7025501551
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2022-08-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	CHEONG FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt	0	CHEO
ReturnHeader/Filer/EIN	0	205922395
ReturnHeader/Filer/PhoneNum	0	7025501551
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	340 S Lemon Ave 8898
ReturnHeader/Filer/USAddress/CityNm	0	Walnut
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	CA
ReturnHeader/Filer/USAddress/ZIPCd	0	91789
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	PRUDENT FINANCIAL SERVICES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	113-25 QUEENS BLVD STE 117
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	FOREST HILLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	11375
ReturnHeader/PreparerPersonGrp/PhoneNum	0	7184248004
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2022-08-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	SATISH PAREEK
ReturnHeader/ReturnTs	0	2022-08-13T06:37:25-07:00
ReturnHeader/ReturnTypeCd	0	990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm	0	GERALD
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm	0	CHEONG
ReturnHeader/TaxPeriodBeginDt	0	2020-10-01
ReturnHeader/TaxPeriodEndDt	0	2021-09-30
ReturnHeader/TaxYr	0	2020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $108,738
Liabilities: $0
Net assets: $108,738
Revenue: $1,263
Expenses: $10,883
Net income: -$9,620

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$0.76	$0.00	$0.76	$0.02	$0.22	$0.20
2023Detailed filing. Detailed filing data is available for this year.	$0.92	$0.00	$0.92	$0.03	$0.21	$0.18
2022Detailed filing. Detailed filing data is available for this year.	$1.10	$0.00	$1.10	$0.01	$0.13	$0.12
2021Detailed filing. Detailed filing data is available for this year.	$1.09	$0.00	$1.09	$0.01	$0.11	$0.10
2020Detailed filing. Detailed filing data is available for this year.	$1.11	$0.00	$1.11	$0.02	$0.11	$0.09
2019Detailed filing. Detailed filing data is available for this year.	$1.17	$0.00	$1.17	$0.02	$0.17	$0.15
2015Summary only. Only limited summary data is available for this year.	$2.19	$0.00		$0.04	$0.52	$0.48
2014Summary only. Only limited summary data is available for this year.	$2.60	$0.00		$0.20	$0.76	$0.56
2013Summary only. Only limited summary data is available for this year.	$3.22	$0.00		$0.42	$0.47	$0.05
2012Summary only. Only limited summary data is available for this year.	$3.28	$0.00		$0.91	$0.17	$0.74
2011Summary only. Only limited summary data is available for this year.	$2.55	$0.00		$0.74	$0.20	$0.54