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YK CHEOK FAMILY FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
YK CHEOK FAMILY FOUNDATION (EIN 87-2385657)
Tax period
2024-08-01 to 2025-07-31
Filed
2025-09-04
IRS object ID
202522479349101312
Schema version
2024v5.2
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 ReturnHeader

FieldValueIRS element (for citing)
Return2025-09-04T10:32:34-07:00ReturnTs
Tax Period End2025-07-31TaxPeriodEndDt

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 Begin2024-08-01TaxPeriodBeginDt

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
Signature2025-09-04SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSHUANG MAOPreparerPersonNm
PTINP00660082PTIN
Phone4083929977PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$263,651FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$22,938ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$5,189InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$5,189InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$5,189InterestOnSavingsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$96,231NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$123,361GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$96,231CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$96,231NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$124,358TotalRevAndExpnssAmt
Total Net Invst Incm$101,420TotalNetInvstIncmAmt
Total Adj Net Incm$101,420TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,510AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$1,510AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss-$1,124TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl-$1,124TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$493DeprecAndDpltnRevAndExpnssAmt
Trav Conf Meeting Rev And Expnss$13,030TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$13,030TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$1,070OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$1,070OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$14,979TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$14,486TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$44,012ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$44,012ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$58,991TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$58,498TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$65,367ExcessRevenueOverExpensesAmt
Net Investment Income$101,420NetInvestmentIncomeAmt
Adjusted Net Income$101,420AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$198,530SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$262,912SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$262,912SavAndTempCashInvstEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$1,478LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$493LandBldgEquipAccumDeprecAmt
Land EOY$985LandEOYAmt
Land EOYFMV$739LandEOYFMVAmt
Total Assets BOY$198,530TotalAssetsBOYAmt
Total Assets EOY$263,897TotalAssetsEOYAmt
Total Assets EOYFMV$263,651TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$198,530RetainedEarningBOYAmt
Retained Earning EOY$263,897RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$198,530TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$263,897TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$198,530TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$263,897TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$198,530TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$65,367ExcessRevenueOverExpensesAmt
Subtotal$263,897SubtotalAmt
Tot Net Ast Or Fund Balances EOY$263,897TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyCharles Schwab - 5104PropertyDesc
How AcquiredPHowAcquiredCd
Acquired2024-12-01AcquiredDt
Sold2024-12-01SoldDt
Gross Sales Price$123,361GrossSalesPriceAmt
Cost Or Other Basis$27,130CostOrOtherBasisAmt
Gain Or Loss$96,231GainOrLossAmt
Gains Minus Excess Or Losses$96,231GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$96,231CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$96,231NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,410InvestmentIncomeExciseTaxAmt
Subtotal$1,410SubtotalAmt
Tax Based On Investment Income$1,410TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$272EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$272TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$31EsPenaltyAmt
Tax Due$1,169TaxDueAmt
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$49,551AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$159,472AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$209,023TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$209,023AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$3,135CashDeemedCharitableAmt
Net Vl Noncharitable Assets$205,888NetVlNoncharitableAssetsAmt
Minimum Investment Return$10,294MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$10,294MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,410TaxBasedOnInvestmentIncomeAmt
Total Tax$1,410TotalTaxAmt
Distributable Before Adj$8,884DistributableBeforeAdjAmt
Distributable Before Ded$8,884DistributableBeforeDedAmt
Distributable As Adjusted$8,884DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$58,498ExpensesAndContributionsAmt
Charitable Assets Acquis Paid$1,478CharitableAssetsAcquisPaidAmt
Qualifying Distributions$59,976QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$8,884DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$18,297ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$41,283ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$61,706ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$121,286TotalExcessDistributionCyovAmt
Qualifying Distributions$59,976QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$8,884AppliedToCurrentYearAmt
Remaining Distri From Corpus$51,092RemainingDistriFromCorpusAmt
Total Corpus$172,378TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$172,378ExcessDistriCyovToNextYrAmt
Excess From Year3$18,297ExcessFromYear3Amt
Excess From Year2$41,283ExcessFromYear2Amt
Excess From Year1$61,706ExcessFromYear1Amt
Excess From Current Year$51,092ExcessFromCurrentYearAmt

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 (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Child Fund
2821 Emerywood ParkwayRichmondVA23294DonationPCTo children facing poverty and other challenges in 24 countries, including the United States.$512
Myriad USA
551 Fifth Avenue Suite 2400New YorkNY10176DonationPCTo act as a knowledgeable and trusted bridge between American donors and nonprofit organizations overseas, enabling effective and compliant international philanthropy by providing a simple and efficient platform for giving to causes around the globe.$43,000
Tzu Chi Northwest
2355 Oakland RdSan JoseCA95131DonationPCTo offer courses that promote lifelong learning and personal growth for the community. In more recent years, weve carefully curated a diverse range of practical and engaging topics, further enhancing the value and accessibility of our programs.$500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$44,012TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$5,189RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$96,231RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$101,420RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$101,420TotalIncomeProducingActyAmt

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$100,629TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property450 SH AVGO STOCK TRADED ON NASDAQNoncashPropertyDesc
Fair Market Value$100,629FairMarketValueAmt
Received2024-12-18ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryAccounting FeesCategoryTxt
Amt$1,510Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,510DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp

FieldValueIRS element (for citing)
PropertyCOMPUTERPropertyDesc
Acquired2024-10-15AcquiredDt
Cost Or Other Basis$1,478CostOrOtherBasisAmt
Computation Method200DBComputationMethodTxt
Rt0.3333Rt
Current Year Expense$493CurrentYearExpenseAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemMachinery and EquipmentCategoryOrItemTxt
Cost Or Other Basis$1,478CostOrOtherBasisAmt
Accumulated Depreciation$493AccumulatedDepreciationAmt
Book Value$985BookValueAmt
EOYFMV$739EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Bank Service Charges$337$337
Filing Expense$100$100
Office Expense$633$633

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$1,124Amt
Disbursements Charitable Prps-$1,124DisbursementsCharitablePrpsAmt