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YK CHEOK FAMILY FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
YK CHEOK FAMILY FOUNDATION (EIN 87-2385657)
Tax period
2021-08-26 to 2022-07-31
Filed
2022-12-14
IRS object ID
202213489349101101
Schema version
2021v4.1
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)
Return2022-12-14T11:21:51-08:00ReturnTs
Tax Period End2022-07-31TaxPeriodEndDt

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 Begin2021-08-26TaxPeriodBeginDt

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
Phone6503056668PhoneNum
Signature2022-12-14SignatureDt
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

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)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Initial ReturnYes (X)InitialReturnInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$86,611FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$58,873ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$1,479DividendsRevAndExpnssAmt
Dividends Net Invst Incm$1,479DividendsNetInvstIncmAmt
Dividends Adj Net Incm$1,479DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$32,797NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$68,786GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$32,797CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$32,797NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$93,149TotalRevAndExpnssAmt
Total Net Invst Incm$34,276TotalNetInvstIncmAmt
Total Adj Net Incm$34,276TotalAdjNetIncmAmt
Trav Conf Meeting Rev And Expnss$5,974TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$5,974TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$6,047OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$6,047OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$12,021TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$12,021TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$9,117ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$9,117ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$21,138TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$21,138TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$72,011ExcessRevenueOverExpensesAmt
Net Investment Income$34,276NetInvestmentIncomeAmt
Adjusted Net Income$34,276AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst EOY$49,127SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$49,127SavAndTempCashInvstEOYFMVAmt
Corporate Stock EOY$22,884CorporateStockEOYAmt
Corporate Stock EOYFMV$37,484CorporateStockEOYFMVAmt
Total Assets EOY$72,011TotalAssetsEOYAmt
Total Assets EOYFMV$86,611TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning EOY$72,011RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances EOY$72,011TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$0TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$72,011TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

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

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyTD Ameritrade - 264174PropertyDesc
How AcquiredPHowAcquiredCd
Acquired2021-12-01AcquiredDt
Sold2021-12-01SoldDt
Gross Sales Price$68,786GrossSalesPriceAmt
Cost Or Other Basis$35,989CostOrOtherBasisAmt
Gain Or Loss$32,797GainOrLossAmt
Gains Minus Excess Or Losses$32,797GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$32,797CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$32,797NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$476InvestmentIncomeExciseTaxAmt
Subtotal$476SubtotalAmt
Tax Based On Investment Income$476TaxBasedOnInvestmentIncomeAmt
Tax Due$476TaxDueAmt
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$62,905AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$9,395AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$72,300TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$72,300AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,085CashDeemedCharitableAmt
Net Vl Noncharitable Assets$71,215NetVlNoncharitableAssetsAmt
Minimum Investment Return$3,317MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$3,317MinimumInvestmentReturnAmt
Tax Based On Investment Income$476TaxBasedOnInvestmentIncomeAmt
Total Tax$476TotalTaxAmt
Distributable Before Adj$2,841DistributableBeforeAdjAmt
Distributable Before Ded$2,841DistributableBeforeDedAmt
Distributable As Adjusted$2,841DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$21,138ExpensesAndContributionsAmt
Qualifying Distributions$21,138QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$2,841DistributableAsAdjustedAmt
Qualifying Distributions$21,138QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$2,841AppliedToCurrentYearAmt
Remaining Distri From Corpus$18,297RemainingDistriFromCorpusAmt
Total Corpus$18,297TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$18,297ExcessDistriCyovToNextYrAmt
Excess From Current Year$18,297ExcessFromCurrentYearAmt

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 (5 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.$6,800
Bayshore Christian Ministries
1001 Beech StEast Palo AltoCA94303DonationPCTo equip East-of-Bayshore youth to grow spiritually, gain life skills and develop as leaders so that they have hope and a future.$250
Friends of Children with Special Ne
2300 Peralta BlvdFremontCA94536DonationPCFor accepting, educational, and fun. Provide resources, information and support to families Advocate full-inclusion educational systems that allow special needs children to interact with their peers. Promote the understanding of developmental disabilities for family members, friends, and students through volunteer programs.$1,000
Monterey Bay Aquarium
886 Cannery RowMontereyCA93940DonationPCTo inspire conservation of the ocean. A leader in ocean conservation and education, the Monterey Bay Aquarium is considered by many to be the best in the world.$1,000
Child Fund
2821 Emerywood ParkwayRichmondVA23294DonationPCTo children facing poverty and other challenges in 24 countries, including the United States.$67
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$9,117TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1,479RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$32,797RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$34,276RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$34,276TotalIncomeProducingActyAmt

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 (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtNoncash ContributionNoncashContributionInd
YOOKKHAI CHEOK FEEFOON CHEW
1115 HEATHER LNPALO ALTOCA94303$41,766Yes (X)
YOOKKHAI CHEOK FEEFOON CHEW
2115 HEATHER LNPALO ALTOCA94303$80,713Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmtReceivedReceivedDt
180 SH AVGO STOCK TRADED ON NASDAQ$41,7662021-10-25
2120 SH AVGO STOCK TRADED ON NASDAQ$80,7132021-12-28

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockTD Ameritrade - 4174StockNm
EOY Book Value$22,884EOYBookValueAmt
EOYFMV$37,484EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Bank Service Charges$50$50
Set - up Fee$5,997$5,997

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