STRATEGY STUDIO / PUBLIC DATA EXPLORER

PEONY FOUNDATION INC: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
PEONY FOUNDATION INC (EIN 46-3559307)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-03-27
IRS object ID
202000879349100805
Schema version
2019v5.0
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)
Return2020-03-27T15:46:33-05:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN208786289PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KIM & LEE LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12305 W 190TH STAddressLine1Txt
CityTORRANCECityNm
State AbbreviationCAStateAbbreviationCd
ZIP90504ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN463559307EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PEONY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPEONBusinessNameControlTxt
Phone3237333800PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12681 GLENDOWER AVEAddressLine1Txt
CityLOS ANELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90027ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonYOUNG JUN KIMPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone2133876000PhoneNum
Signature2020-03-20SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJAMES S KIMPreparerPersonNm
PTINP01057772PTIN
Phone2133876000PhoneNum
Preparation2020-03-27PreparationDt
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$324,759FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$10,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$13,685InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$13,685InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$13,685InterestOnSavingsAdjNetIncmAmt
Total Rev And Expnss$23,685TotalRevAndExpnssAmt
Total Net Invst Incm$13,685TotalNetInvstIncmAmt
Total Adj Net Incm$13,685TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,500AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$470TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$1,970TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$8,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$8,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$9,970TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$8,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$13,715ExcessRevenueOverExpensesAmt
Net Investment Income$13,685NetInvestmentIncomeAmt
Adjusted Net Income$13,685AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$11,044CashBOYAmt
Cash EOY$24,759CashEOYAmt
Cash EOYFMV$24,759CashEOYFMVAmt
Other Nts And Loans Rcvbl$300,000OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl BOY$300,000OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY$300,000OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV$300,000OtherNtsAndLoansRcvblEOYFMVAmt
Total Assets BOY$311,044TotalAssetsBOYAmt
Total Assets EOY$324,759TotalAssetsEOYAmt
Total Assets EOYFMV$324,759TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$311,044RetainedEarningBOYAmt
Retained Earning EOY$324,759RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$311,044TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$324,759TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$311,044TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$324,759TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$311,044TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$13,715ExcessRevenueOverExpensesAmt
Subtotal$324,759SubtotalAmt
Tot Net Ast Or Fund Balances EOY$324,759TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$42,000AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$308,432NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.136173DistributionYr1Rt
Adjusted Qlfy Distri Yr2$48,000AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$314,519NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.152614DistributionYr2Rt
Adjusted Qlfy Distri Yr3$42,759AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$315,400NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.135571DistributionYr3Rt
Adjusted Qlfy Distri Yr4$73,758AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$305,350NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.241552DistributionYr4Rt
Adjusted Qlfy Distri Yr5$74,741AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$311,426NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.239996DistributionYr5Rt
Total Distribution0.905906TotalDistributionRt
Average Distribution0.181181AverageDistributionRt
Net Vl Noncharitable Assets$297,532NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$53,907AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$137NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$54,044AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$8,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$274InvestmentIncomeExciseTaxAmt
Subtotal$274SubtotalAmt
Tax Based On Investment Income$274TaxBasedOnInvestmentIncomeAmt
Tax Due$274TaxDueAmt

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 ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksYOUNG JUN KIMIndividualWithBooksNm
Phone3237333800PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12681 GLENDOWER AVEAddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90027ZIPCd
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
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
KAREN CHOI
2681 GLENDOWER AVELOS ANGELESCA90027PRESIDENT000.00$0$0$0
TAMMY KIM
2681 GLENDOWER AVELOS ANGELESCA90027SECRETARY000.00$0$0$0
YOUNG JUN KIM
2681 GLENDOWER AVELOS ANGELESCA90027DIRECTOR000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$2,063AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$300,000FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$302,063TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$302,063AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$4,531CashDeemedCharitableAmt
Net Vl Noncharitable Assets$297,532NetVlNoncharitableAssetsAmt
Minimum Investment Return$14,877MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$14,877MinimumInvestmentReturnAmt
Tax Based On Investment Income$274TaxBasedOnInvestmentIncomeAmt
Total Tax$274TotalTaxAmt
Distributable Before Adj$14,603DistributableBeforeAdjAmt
Distributable Before Ded$14,603DistributableBeforeDedAmt
Distributable As Adjusted$14,603DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$8,000ExpensesAndContributionsAmt
Qualifying Distributions$8,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$8,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$14,603DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$59,689ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$58,707ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$27,471ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$32,754ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$27,013ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$205,634TotalExcessDistributionCyovAmt
Qualifying Distributions$8,000QualifyingDistributionsAmt
Applied To Current Year$8,000AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$6,603ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$6,603ExcessDistributionCyovAppCYAmt
Total Corpus$199,031TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$53,086ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$145,945ExcessDistriCyovToNextYrAmt
Excess From Year4$58,707ExcessFromYear4Amt
Excess From Year3$27,471ExcessFromYear3Amt
Excess From Year2$32,754ExcessFromYear2Amt
Excess From Year1$27,013ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonYOUNG JUN KIMRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line12681 GLENDOWER AVEAddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90027ZIPCd
FieldValueIRS element (for citing)
Recipient Phone3237333800RecipientPhoneNum
Form And Info And MaterialsN/AFormAndInfoAndMaterialsTxt
Submission DeadlinesDECEMBER 31SubmissionDeadlinesTxt
Restrictions On AwardsN/ARestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Business Name Line2RecipientBusinessName/BusinessNameLine2TxtAddress Line1RecipientUSAddress/AddressLine1TxtAddress Line2RecipientUSAddress/AddressLine2TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
GRACE KOREAN CHURCH-ALTAI TUVA
GRACE KOREAN CHURCH-ALTAI TUVA1645 W VALENCIA DR1645 W VALENCIA DRFULLERTONCA92833MISSIONARY$6,000
CALLED TO SUPPORT MISSIONS
CALLED TO SUPPORT MISSIONS5148 LOS DIEGOS WAY5148 LOS DIEGOS WAYLOS ANGELESCA90027MISSIONARY$2,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$8,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$13,685RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$13,685RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$13,685TotalIncomeProducingActyAmt

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 PersonKIM FAMILY TRUST 2003ContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line12681 GLENDOWER AVEAddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90027ZIPCd
FieldValueIRS element (for citing)
Total Contributions$10,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$1,500Amt

Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2

Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp

Organization501c3 Name Organization501c3Name

FieldValueIRS element (for citing)
Business Name Line1LOAN RECEIVABLEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Balance Due$300,000BalanceDueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT TAXES/LICENSESCategoryTxt
Amt$470Amt