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IMEDRA FAMILY FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
IMEDRA FAMILY FOUNDATION (EIN 81-4706604)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-17
IRS object ID
202513219349103866
Schema version
2024v5.0
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)
Return2025-11-17T13:12:08-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN821805214PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MIRAE ACCOUNTANCY & CONSULTANTS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12525 W 8TH ST STE 300AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP900575239ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN814706604EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1IMEDRA FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlIMEDBusinessNameControlTxt
Phone3236627943PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13919 BEVERLY BLVD STE 202AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90004ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRICHARD KIMPersonNm
Person TitleC.E.O.PersonTitleTxt
Phone3236627943PhoneNum
Signature2025-11-13SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJOON JONG NO CPAPreparerPersonNm
PTINP00369768PTIN
Phone2133883030PhoneNum
Preparation2025-11-13PreparationDt
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$4,590,787FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,931,000ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$100InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$100InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$16,672DividendsRevAndExpnssAmt
Dividends Net Invst Incm$16,672DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$170,773NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$183,786GrossSalesPriceAmt
Total Rev And Expnss$2,118,545TotalRevAndExpnssAmt
Total Net Invst Incm$16,772TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,200AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$290TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$1,490TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$168,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$168,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$169,490TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$168,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,949,055ExcessRevenueOverExpensesAmt
Net Investment Income$16,772NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$4,105CashBOYAmt
Cash EOY$2,905CashEOYAmt
Cash EOYFMV$2,905CashEOYFMVAmt
Sav And Temp Cash Invst BOY$52,083SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$50,500SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$50,500SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$2,547,521CorporateStockBOYAmt
Corporate Stock EOY$4,499,139CorporateStockEOYAmt
Corporate Stock EOYFMV$4,537,382CorporateStockEOYFMVAmt
Total Assets BOY$2,603,709TotalAssetsBOYAmt
Total Assets EOY$4,552,544TotalAssetsEOYAmt
Total Assets EOYFMV$4,590,787TotalAssetsEOYFMVAmt
Accounts Payable BOY$220AccountsPayableBOYAmt
Total Liabilities BOY$220TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$2,603,489NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$4,552,544NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$2,603,489TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$4,552,544TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,603,709TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$4,552,544TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,603,489TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,949,055ExcessRevenueOverExpensesAmt
Subtotal$4,552,544SubtotalAmt
Tot Net Ast Or Fund Balances EOY$4,552,544TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$233InvestmentIncomeExciseTaxAmt
Subtotal$233SubtotalAmt
Tax Based On Investment Income$233TaxBasedOnInvestmentIncomeAmt
Tax Due$233TaxDueAmt

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 BooksRICHARD KIMIndividualWithBooksNm
Phone3236627943PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line13919 BEVERLY BLVD STE 202AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90004ZIPCd
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
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

FieldValueIRS element (for citing)
PersonRICHARD KIMPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13919 BEVERLY BLVD STE 202AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90004ZIPCd
FieldValueIRS element (for citing)
TitleC.E.O.TitleTxt
Average Hrs Per Wk Devoted To Pos5.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1CHARITABLE CONTRIBUTION TO EDUCATIONAL ORGANIZATIONDescription1Txt
Expenses1$168,000Expenses1Amt

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$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$233TaxBasedOnInvestmentIncomeAmt
Total Tax$233TotalTaxAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$168,000ExpensesAndContributionsAmt
Qualifying Distributions$168,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$18,837ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$123,088ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$95,125ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$115,125ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$103,000ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$455,175TotalExcessDistributionCyovAmt
Qualifying Distributions$168,000QualifyingDistributionsAmt
Remaining Distri From Corpus$168,000RemainingDistriFromCorpusAmt
Total Corpus$623,175TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$18,837ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$604,338ExcessDistriCyovToNextYrAmt
Excess From Year4$123,088ExcessFromYear4Amt
Excess From Year3$95,125ExcessFromYear3Amt
Excess From Year2$115,125ExcessFromYear2Amt
Excess From Year1$103,000ExcessFromYear1Amt
Excess From Current Year$168,000ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
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
POLYTECHNIC SCHOOL
1030 E CALIFORNIA BLVDPASADENACA911063RD PARTY501(C)(3)EDUCATION$50,000
LACPC
2241 E EASTERN AVELOS ANGELESCA900323RD PARTY501(C)(3)RELIGIOUS ORGANIZATION$100,000
HARVARD UNIVESITY
1033 MASSACHUSETTS AVECAMBRIDGEMA021383RD PARTY501(C)(3)EDUCATION/UNIVERSITY$10,000
HILLSIDES
940 AVENUE 64PASADENACA911053RD PARTY501(C)(3)CHARITY/ RESIDENTIAL TREATMENT FACIL$5,000
ST EDMUND'S NURSERY SCHOOL
1175 S SAN GABRIEL BLVDSAN MARINOCA911083RD PARTY501(C)(3)EDUCATION/MEDICAL$3,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$168,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$100RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$16,672RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$170,773RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$187,545RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$187,545TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$1,200Amt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (8 entries)

AssetAssetDescHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
AAPL 100 SHRSPURCHASE2024-02$18,302$154$18,148
AAPL 100 SHRSPURCHASE2024-03$17,999$154$17,845
AAPL 100 SHRSPURCHASE2024-03$17,399$154$17,245
AAPL 100 SHRSPURCHASE2024-09$22,178$154$22,024
AAPL 100 SHRSPURCHASE2024-11$22,723$154$22,569
NVDA 200 SHRSPURCHASE2024-11$29,611$19$29,592
SOXL 200 SHRSPURCHASE2024-11$6,623$12,186-$5,563
NVDA 400 SHRSPURCHASE2024-06$48,951$38$48,913

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (11 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
NVDA 1540SHARES
AAPL 7100 SHARES$423,894$423,894
DIREXION FDS DAILY SEMICONDUCTOR 200$12,186$12,186
ISHARES CORE DIVIDEND GROW 1000 SHR$51,710$61,340
PROSHARES ULTRA QQQ 800 SHRS$68,779$86,592
PROSHARES ULTRA S&P 500 240 SHRS$4,190$4,190
SCHWAB STRATEGIC TR 1000 SHRS$76,010$76,010
ISHARE CORE DIVEDEND GROWTH 1000 SHR$51,710$51,710
PROSHARE ULTRA S&P 500 200 SHRS$13,652$18,502
SCHWAB US DIVIDEND EQUITY ETF 3000 S$76,010$81,960
DONATED PUBLIC TRADED STOCKS$3,720,998$3,720,998

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT TAXES/LICENSESCategoryTxt
Amt$290Amt