Civic Intelligence

Chun Ho Chung Foundation Inc

EIN 88-4405879 • 501(c)3 • New York, NY

NTEE T31

Profile

The mission of chun ho chung foundation inc. Is to engage and support the korean american community in the new york metropolitan area, while promoting peace and harmony among all ethnic groups. We also conduct research and promote a greater understanding of korean-american history in the greater new york metropolitan area.

527 West 27th Street Suite 2DNew York, NY 10001
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

73rd percentile

0.00x

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

NTEE T31 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

73rd percentile

0.00x

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

NTEE T31 • <$500k nonprofits • Source year 2024

Net Margin

94th percentile

98%

Higher net margin than 94% of similar nonprofits.

NTEE T31 • <$500k nonprofits • Source year 2024

Top Officer Pay

95th percentile

$0

Higher top officer pay than 95% of similar nonprofits.

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

NTEE T31 • <$500k nonprofits • Source year 2024

Asset Growth

87th percentile

36%

Faster asset growth than 87% of similar nonprofits.

NTEE T31 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

27th percentile

-44%

Faster revenue growth than 27% of similar nonprofits.

NTEE T31 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$411,197

Up $109,197 (+36%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$411,197

Up $109,197 (+36%) from 2023

Operations
Liabilities / Revenue73rd percentileNet Margin94th percentile

Revenue

Down

$111,197

Down $88,803 (-44%) from 2023

Expenses

Up

$2,000

Up $2,000 from 2023

Net Income

Down

$109,197

Down $90,803 (-45%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth87th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2022: $102,000Liabilities 2022: $0Net Assets 2022: $102,0002022Assets 2023: $302,000Liabilities 2023: $0Net Assets 2023: $302,0002023Assets 2024: $411,197Liabilities 2024: $0Net Assets 2024: $411,1972024

Highlighted filing

2024

Assets$411,197
Liabilities$0
Net Assets$411,197
Open 2024 Filing

Operations Trend

Revenue Growth27th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0Revenue 2022: $102,000Expenses 2022: $0Net Income 2022: $102,0002022Revenue 2023: $200,000Expenses 2023: $0Net Income 2023: $200,0002023Revenue 2024: $111,197Expenses 2024: $2,000Net Income 2024: $109,1972024

Highlighted filing

2024

Revenue$111,197
Expenses$2,000
Net Income$109,197
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$411,197
Liabilities
$0
Net assets
$411,197
Revenue
$111,197
Expenses
$2,000
Net income
$109,197
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.11$0.00$4.11$1.11$0.02$1.09
2023Detailed filing. Detailed filing data is available for this year.$3.02$0.00$3.02$2.00$0.00$2.00
2022Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$1.02$0.00$1.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 20, 2025
Return Version
2024v5.0
Gross Receipts
$111,197
Mission and Program Overview

Mission

The mission of chun ho chung foundation inc. Is to engage and support the korean american community in the new york metropolitan area, while promoting peace and harmony among all ethnic groups. We also conduct research and promote a greater understanding of korean-american history in the greater new york metropolitan area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$302,000$411,197▲ $109,197
Total Assets$302,000$411,197▲ $109,197
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$302,000$411,197▲ $109,197
Total Net Assets Fund Balance$302,000$411,197▲ $109,197
Total Liabilities and Net Assets / Fund Balance$302,000$411,197▲ $109,197
Compensation and Service Providers
Top Officer Pay95th percentile

Board Members and Trustees

NameTitle
Chun Ho ChungPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$100,000
Program Service Revenue
$0
Investment Income
$11,197
Other Revenue
$0
All Other Contributions
$100,000
Change in Net Assets
$109,197
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$2,000--$2,000
Total Functional Expenses$2,000$0$0$2,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Chun Ho Chung Foundation Inc
EIN
88-4405879
Address
527 WEST 27TH STREET SUITE 2D, NEW YORK, NY 10001

Signing Officer

Name
Chun Ho Chung
Title
President
Signed
2025-03-20

Organization Details

Principal Officer
Chun Ho Chung
Formed
2022
Legal Domicile
Ny
Voting Board Members
2
Independent Board Members
2
Employees
0

Preparer

Firm
David Shin CPA Pc
Address
21814 NORTHERN BLVD STE 108, BAYSIDE, NY 11361-3580
Preparer
David Shin CPA Pc
Phone
7183520884
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The mission of chun ho chung foundation inc. Is to engage and support the korean american community in the new york metropolitan area, while promoting peace and harmony among all ethnic groups. We also conduct research and promote a greater understanding of korean-american history in the greater new york metropolitan area.”

Raw XML Appendix223 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.

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IRS990/IndependentVotingMemberCnt02
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt011197
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt011197
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NY
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NetAssetsOrFundBalancesBOYAmt0302000
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IRS990/NoListedPersonsCompensatedInd0X
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0SCHOLARSHIP FUND
IRS990/OtherExpensesGrp/ProgramServicesAmt02000
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IRS990/PartialLiquidationInd0false
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IRS990/ReportLandBuildingEquipmentInd0false
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0100000
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0CHUN HO CHUNG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-20
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ReturnHeader/Filer/BusinessNameControlTxt0CHUN
ReturnHeader/Filer/EIN0884405879
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ReturnHeader/ReturnTs02025-04-09T19:15:13-04:00
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ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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