Civic Intelligence

Myong Chong Foundation Inc

990EZ • Fiscal year 2019 • EIN 45-3999180

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 06, 2020

Organization Profile
6336 Waverly WayFort Worth, TX 76116

(214) 301-8510

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2019

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2019

Net Margin

98th percentile

92%

Higher net margin than 98% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

87th percentile

66%

Faster asset growth than 87% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

96th percentile

212%

Faster revenue growth than 96% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$7,552

Up $3,000 (+66%) from 2018

Net Assets

Up

$76,252

Up $53,554 (+236%) from 2018

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin98th percentile

Revenue

Up

$78,000

Up $52,997 (+212%) from 2018

Expenses

Up

$6,300

Up $445 (+7.6%) from 2018

Net Income

Up

$71,700

Up $52,552 (+274%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

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

$80K$60K$40K$20K$0Assets 2018: $4,552Net Assets 2018: $22,6982018Assets 2019: $7,552Net Assets 2019: $76,2522019Assets 2020: $6,553Net Assets 2020: $61,0902020Assets 2021: $7,112Net Assets 2021: $38,7132021Assets 2022: $8,880Net Assets 2022: $9,6622022Assets 2025: $1Net Assets 2025: $5502025

Highlighted filing

2019

Assets$7,552
Liabilities-
Net Assets$76,252
Open 2019 Filing

Operations Trend

Revenue Growth96th percentile

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

$80K$60K$40K$20K$0Revenue 2018: $25,003Expenses 2018: $5,855Net Income 2018: $19,1482018Revenue 2019: $78,000Expenses 2019: $6,300Net Income 2019: $71,7002019Revenue 2020: $60,000Expenses 2020: $6,462Net Income 2020: $53,5382020Revenue 2021: $60,000Expenses 2021: $27,840Net Income 2021: $32,1602021Revenue 2022: $30,000Expenses 2022: $27,450Net Income 2022: $2,5502022

Highlighted filing

2019

Revenue$78,000
Expenses$6,300
Net Income$71,700
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 6, 2020
Return Version
2019v5.0
Gross Receipts
$78,000
Mission and Program Overview

Mission

Non-profit organization support

Program Services

DescriptionGrantsExpenses
LOCAL LOW-INCOME FAMILY SUPPORT LOCAL CHURCH DONATION NON-PROFIT ORGANIZATION DONATION$65,500$65,500
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MYONG CHONGDirectorFT$0--
Filing and Contact Details

Filer

Filer Name
Myong Chong Foundation Inc
EIN
45-3999180
Phone
2143018510
Address
6336 WAVERLY WAY, FORT WORTH, TX 76116

Signing Officer

Name
Myong Chong
Title
Director
Signed
2020-07-06

Preparer

Firm
Jrd Tax Associates Inc
Address
2625 N JOSEY LN STE 105, CARROLLTON, TX 75007
Preparer
Jrd Tax Associates in
Raw XML Appendix93 raw XML fields

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

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0MYONG CHONG FOUNDATION IN
IRS990EZ/BooksInCareOfDetail/PhoneNum02143018510
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt02733 RIVER FOREST DR
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0FORT WORTH
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd076116
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt04552
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt07552
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt078000
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt071700
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0450
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/Form990TotalAssetsGrp/BOYAmt04552
IRS990EZ/Form990TotalAssetsGrp/EOYAmt07552
IRS990EZ/GrossReceiptsAmt078000
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt04552
IRS990EZ/NetAssetsOrFundBalancesEOYAmt076252
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt04552
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt07552
IRS990EZ/OccupancyRentUtltsAndMaintAmt05850
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt035
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MYONG CHONG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0NON-PROFIT ORGANIZATION SUPPORT
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0LOCAL LOW-INCOME FAMILY SUPPORT LOCAL CHURCH DONATION NON-PROFIT ORGANIZATION DONATION
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt065500
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt065500
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt06300
IRS990EZ/TotalProgramServiceExpensesAmt065500
IRS990EZ/TotalRevenueAmt078000
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/ChurchInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MYONG CHONG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MYONG CHONG FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MYON
ReturnHeader/Filer/EIN0453999180
ReturnHeader/Filer/PhoneNum02143018510
ReturnHeader/Filer/USAddress/AddressLine1Txt06336 WAVERLY WAY
ReturnHeader/Filer/USAddress/CityNm0FORT WORTH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076116
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C18E39A7DA1D65D6B8885E84359AFC1E895F8D55
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0E53C1055EE97B73FF4DD315A526FAEC53B460D7C
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId08029782020193j001044
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt047.186.244.145
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0823169172
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JRD TAX ASSOCIATES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02625 N JOSEY LN STE 105
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CARROLLTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075007
ReturnHeader/PreparerPersonGrp/PreparationDt02020-07-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JRD TAX ASSOCIATES IN
ReturnHeader/ReturnTs02020-08-06T10:43:02-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,552
Liabilities
-
Net assets
$76,252
Revenue
$78,000
Expenses
$6,300
Net income
$71,700
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.00$0.55
2022Detailed filing. Detailed filing data is available for this year.$8.88$9.66$30.0$27.5$2.55
2021Detailed filing. Detailed filing data is available for this year.$7.11$38.7$60.0$27.8$32.2
2020Detailed filing. Detailed filing data is available for this year.$6.55$61.1$60.0$6.46$53.5
2019Detailed filing. Detailed filing data is available for this year.$7.55$76.3$78.0$6.30$71.7
2018Detailed filing. Detailed filing data is available for this year.$4.55$22.7$25.0$5.86$19.1