Nonprofit · EIN 20-4102246
CHUN FAMILY FOUNDATION INC
Tax-exempt · BAYSIDE, NY 11360
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $242,546 | $63,863 | $178,683 | $2,524,406 | $0 | $2,524,406 |
| December 31, 2024 | 990 | $319,346 | $65,880 | $253,466 | $2,345,723 | $0 | $2,345,723 |
| December 31, 2023 | 990 | $343,101 | $58,900 | $284,201 | $0 | $0 | $0 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $200,000
- Program service revenue
- $0
- Investment income
- $42,546
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $63,850
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $63,850
- Management and general (functional)
- $13
Balance sheet and other
- Total assets, start of year
- $2,345,723
- Total assets, end of year
- $2,524,406
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,524,406
- Gross unrelated business income
- $42,546
- Gross receipts
- $242,546
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2006
- State of legal domicile
- NY
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MYUNG K CHUN | TRUSTEE Trustee or director | 0 | $0 |
| SHIN JA CHUN | TRUSTEE Trustee or director | 0 | $0 |
| SUYUL CHUN | TRUSTEE Trustee or director | 0 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MYUNG K CHUN | TRUSTEE Trustee or director | 0 | $0 |
| SHIN JA CHUN | TRUSTEE Trustee or director | 0 | $0 |
| SUYUL CHUN | TRUSTEE Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MYUNG K CHUN | TRUSTEE Trustee or director | 0 | $0 |
| SHIN JA CHUN | TRUSTEE Trustee or director | 0 | $0 |
| SUYUL CHUN | TRUSTEE Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 BAY CLUB DR, BAYSIDE, NY 11360-2955
- In care of
- % MYUNG K CHUN
- Principal officer (990 for 2025)
- MYUNG K CHUN, 1 BAY CLUB DR APT 8R, BAYSIDE, NY 11360
- Signed the 990
- MYUNG K CHUN, TRUSTEE
- Phone
- (516) 512-4820
- Return prepared by
- JUSTIN KANG CPA PLLC
Mission
TO GRANT SCHOLARSHIPS
Program accomplishments
- N/AExpenses $63,850 · grants $63,850 · revenue $200,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-4102246
- 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
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $2,524,406
- Income (IRS master file)
- $242,546
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $242,546 | $63,863 | $2,524,406 | IRS |
| 990 | December 2024 | $319,346 | $65,880 | $2,345,723 | IRS |
| 990 | December 2023 | $343,101 | $58,900 | $0 | XML |
| 990 | December 2022 | $347,553 | $0 | $0 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 20-4102246).
Questions about CHUN FAMILY FOUNDATION INC
- What is the EIN of CHUN FAMILY FOUNDATION INC?
- The employer identification number (EIN) of CHUN FAMILY FOUNDATION INC is 20-4102246.
- Is CHUN FAMILY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to CHUN FAMILY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHUN FAMILY FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CHUN FAMILY FOUNDATION INC 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 CHUN FAMILY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CHUN FAMILY FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names MYUNG K CHUN.
- Who are the officers and directors of CHUN FAMILY FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does CHUN FAMILY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $242,546, expenses of $63,863 and total assets of $2,524,406 at year end.
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