GOOD FRIEND MINISTRY: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- GOOD FRIEND MINISTRY (EIN 95-3842453)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-04-15
- IRS object ID
- 202211059349101921
- Schema version
- 2021v4.2
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Loans From Officers Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-04-15T10:24:19-00:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 954558423 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Jonathan Y Seong CPA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20660 Butternut Circle | AddressLine1Txt |
| City | Porter Ranch | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91326 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 953842453 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Good Friend Ministry | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GOOD | BusinessNameControlTxt |
| Phone | 9495526123 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15 Santa Rida | AddressLine1Txt |
| City | Irvine | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92606 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Eugene J Choy | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 9495526123 | PhoneNum |
| Signature | 2022-04-15 | SignatureDt |
| Discuss With Paid Preparer | false | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Eugene | PersonFirstNm |
| Person Last | Choy | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jonathan Y Seong | PreparerPersonNm |
| PTIN | P01219198 | PTIN |
| Phone | 2136042886 | PhoneNum |
| Preparation | 2022-04-15 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $660,118 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Dividends Rev And Expnss | $16,756 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $16,756 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $29,780 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $885,506 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $29,780 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $46,536 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $46,536 | TotalNetInvstIncmAmt |
| Accounting Fees Rev And Expnss | $1,700 | AccountingFeesRevAndExpnssAmt |
| Taxes Rev And Expnss | $2,137 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $2,137 | TaxesNetInvstIncmAmt |
| Printing And Pub Rev And Expnss | $45 | PrintingAndPubRevAndExpnssAmt |
| Tot Opr Expenses Rev And Expnss | $3,882 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $2,137 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $16,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $16,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $20,382 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $2,137 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $16,500 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $26,154 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $44,399 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $11,988 | CashBOYAmt |
| Cash EOY | $9,852 | CashEOYAmt |
| Cash EOYFMV | $9,852 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $677,193 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $705,483 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $650,266 | SavAndTempCashInvstEOYFMVAmt |
| Total Assets BOY | $689,181 | TotalAssetsBOYAmt |
| Total Assets EOY | $715,335 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $660,118 | TotalAssetsEOYFMVAmt |
| Loans From Officers BOY | $49,000 | LoansFromOfficersBOYAmt |
| Loans From Officers EOY | $49,000 | LoansFromOfficersEOYAmt |
| Total Liabilities BOY | $49,000 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $49,000 | TotalLiabilitiesEOYAmt |
| Retained Earning BOY | $640,181 | RetainedEarningBOYAmt |
| Retained Earning EOY | $666,335 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $640,181 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $666,335 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $689,181 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $715,335 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $640,181 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $26,154 | ExcessRevenueOverExpensesAmt |
| Subtotal | $666,335 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $666,335 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| Global Cap Cycles Fund | P | 2020-12-07 | 2021-01-15 | $325,153 | $305,726 | $19,427 | $19,427 |
| Global Cap Cycles Fund | P | 2021-03-26 | 2021-09-22 | $500,000 | $491,108 | $8,892 | $8,892 |
| Global Cap Cycles Fund | P | 2021-04-05 | 2021-09-24 | $60,353 | $58,892 | $1,461 | $1,461 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $29,780 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $29,780 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $617 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $617 | SubtotalAmt |
| Tax Based On Investment Income | $617 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,104 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $1,104 | TotalPaymentsAndCreditsAmt |
| Original Return Tax Paid | $1,104 | OriginalReturnTaxPaidAmt |
| Es Penalty | $6 | EsPenaltyAmt |
| Overpayment | $481 | OverpaymentAmt |
| Applied To ES Tax | $481 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | false | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | Eugene J Choy | IndividualWithBooksNm |
| Phone | 9495526123 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15 Santa Rida | AddressLine1Txt |
| City | Irvine | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92714 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Maintained Expenditure Rspns | false | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| Eugene J Choy | ||||||
| 15 Santa Rida | Irvine | CA | 92714 | President | 010.00 | $0 |
| Misang Choy | ||||||
| 15 Santa Rida | Irvine | CA | 92714 | Vice President | 005.00 | $0 |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $650,063 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $10,920 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $660,983 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $660,983 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $9,915 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $651,068 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $32,553 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $32,553 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $617 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $617 | TotalTaxAmt |
| Distributable Before Adj | $31,936 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $31,936 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $31,936 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $16,500 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $16,500 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $31,936 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $12,300 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $18,450 | ExcessDistributionCyovYr4Amt |
| Total Excess Distribution Cyov | $30,750 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $16,500 | QualifyingDistributionsAmt |
| Applied To Current Year | $16,500 | AppliedToCurrentYearAmt |
| Excess Distri Cyov App CY Corpus | $15,436 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $15,436 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $15,314 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $15,314 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $15,314 | ExcessFromYear4Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Eugene J Choy | ContributingManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Eugene J Choy | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15 Santa Rida | AddressLine1Txt |
| City | Irvine | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92714 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 9495526123 | RecipientPhoneNum |
| Form And Info And Materials | None | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | None | SubmissionDeadlinesTxt |
| Restrictions On Awards | None | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| Silk Wave Mission | ||||||
| 2111 W Crescent Ave Ste E | Anaheim | CA | 92801 | PC | Regular donor | $8,500 |
| The Last Runners | ||||||
| PO Box 70 | Continental Divide | NM | 87312 | PC | Regular donor | $3,000 |
| Jesus Online Ministries | ||||||
| PO Box 1643 | Higley | AZ | 85236 | PC | Regular donor | $3,000 |
| MTC Ministry | ||||||
| PO Box 40 | La Mirada | CA | 90637 | PC | Regular donor | $2,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $16,500 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $16,756 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $16,756 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $16,756 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Jonathan Y. Seong | CategoryTxt |
| Amt | $1,700 | Amt |
Loans From Officers Schedule LoansFromOfficersSchedule
Loans From Officer LoansFromOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lender Person | Eugene Choy | LenderPersonNm |
| Title | President | TitleTxt |
| Loan Original | $49,000 | LoanOriginalAmt |
| Balance Due | $49,000 | BalanceDueAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| IRS Tax due 2020 | $996 | $996 |
| IRS Tax additinal | $37 | $37 |
| IRS tax prepayment 2021 | $1,104 | $1,104 |