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YK CHEOK FAMILY FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
YK CHEOK FAMILY FOUNDATION (EIN 87-2385657)
Tax period
2022-08-01 to 2023-07-31
Filed
2023-09-18
IRS object ID
202342619349100519
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-09-18T17:11:03-07:00ReturnTs
Tax Period End2023-07-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN263000418PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ABEST TAX SERVICES INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11621A S MAIN STAddressLine1Txt
CityMILPITASCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95035ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-08-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN872385657EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1YK CHEOK FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlYKCHBusinessNameControlTxt
Phone6503056668PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1115 HEATHER LNAddressLine1Txt
CityPALO ALTOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94303ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonYOOKKHAI CHEOKPersonNm
Person TitleCEOPersonTitleTxt
Signature2023-09-18SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstYOOKKHAIPersonFirstNm
Person LastCHEOKPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSHUANG MAOPreparerPersonNm
PTINP00660082PTIN
Phone4083929977PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$153,531FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$46,271ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$1,726DividendsRevAndExpnssAmt
Dividends Net Invst Incm$1,726DividendsNetInvstIncmAmt
Dividends Adj Net Incm$1,726DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$79,092NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$148,247GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$79,092CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$79,092NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$127,089TotalRevAndExpnssAmt
Total Net Invst Incm$80,818TotalNetInvstIncmAmt
Total Adj Net Incm$80,818TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,320AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$1,320AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$476TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$476TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$75OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$75OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$1,871TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,871TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$43,698ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$43,698ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$45,569TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$45,569TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$81,520ExcessRevenueOverExpensesAmt
Net Investment Income$80,818NetInvestmentIncomeAmt
Adjusted Net Income$80,818AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$49,127SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$153,531SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$153,531SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$22,884CorporateStockBOYAmt
Total Assets BOY$72,011TotalAssetsBOYAmt
Total Assets EOY$153,531TotalAssetsEOYAmt
Total Assets EOYFMV$153,531TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$72,011RetainedEarningBOYAmt
Retained Earning EOY$153,531RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$72,011TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$153,531TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$72,011TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$153,531TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$72,011TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$81,520ExcessRevenueOverExpensesAmt
Subtotal$153,531SubtotalAmt
Tot Net Ast Or Fund Balances EOY$153,531TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyTD Ameritrade - 4174PropertyDesc
How AcquiredPHowAcquiredCd
Acquired2022-12-01AcquiredDt
Sold2022-12-01SoldDt
Gross Sales Price$148,247GrossSalesPriceAmt
Cost Or Other Basis$69,155CostOrOtherBasisAmt
Gain Or Loss$79,092GainOrLossAmt
Gains Minus Excess Or Losses$79,092GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$79,092CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$79,092NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,123InvestmentIncomeExciseTaxAmt
Subtotal$1,123SubtotalAmt
Tax Based On Investment Income$1,123TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$22EsPenaltyAmt
Tax Due$1,145TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1YOOKKHAI CHEOKBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6503056668PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1115 HEATHER LNAddressLine1Txt
CityPALO ALTOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94303ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
YOOKKHAI CHEOK
115 HEATHER LNPALO ALTOCA94303CEO1.00$0
FEEFOON CHEW
115 HEATHER LNPALO ALTOCA94303Secretary1.00$0
AUSTIN CHEOK
115 HEATHER LNPALO ALTOCA94303Director0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$59,430AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$50,404AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$109,834TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$109,834AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,648CashDeemedCharitableAmt
Net Vl Noncharitable Assets$108,186NetVlNoncharitableAssetsAmt
Minimum Investment Return$5,409MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$5,409MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,123TaxBasedOnInvestmentIncomeAmt
Total Tax$1,123TotalTaxAmt
Distributable Before Adj$4,286DistributableBeforeAdjAmt
Distributable Before Ded$4,286DistributableBeforeDedAmt
Distributable As Adjusted$4,286DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$45,569ExpensesAndContributionsAmt
Qualifying Distributions$45,569QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$4,286DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$18,297ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$18,297TotalExcessDistributionCyovAmt
Qualifying Distributions$45,569QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$4,286AppliedToCurrentYearAmt
Remaining Distri From Corpus$41,283RemainingDistriFromCorpusAmt
Total Corpus$59,580TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$59,580ExcessDistriCyovToNextYrAmt
Excess From Year1$18,297ExcessFromYear1Amt
Excess From Current Year$41,283ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerYOOKKHAI CHEOKContributingManagerNm
Contributing ManagerFEEFOON CHEWContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Give2Asia
2201 Broadway 4th FloorOaklandCA94612DonationPCTo strengthen communities in Asia by making cross-border giving easier and more effective.$43,200
Child Fund
2821 Emerywood ParkwayRichmondVA23294DonationPCTo children facing poverty and other challenges in 24 countries, including the United States.$498
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$43,698TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1,726RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$79,092RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$80,818RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$80,818TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonYOOKKHAI CHEOK FEEFOON CHEWContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1115 HEATHER LNAddressLine1Txt
CityPALO ALTOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94303ZIPCd
FieldValueIRS element (for citing)
Total Contributions$92,042TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property164 SH AVGO STOCK TRADED ON NASDAQNoncashPropertyDesc
Fair Market Value$92,042FairMarketValueAmt
Received2022-12-21ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryAccounting FeesCategoryTxt
Amt$1,320Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,320DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Bank Service Charges$25$25
Filing Expense$50$50

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonYOOKKHAI CHEOK FEEFOON CHEWPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1115 HEATHER LNAddressLine1Txt
CityPALO ALTOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94303ZIPCd

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryIncome Tax - IRSCategoryTxt
Amt$476Amt
Disbursements Charitable Prps$476DisbursementsCharitablePrpsAmt