Won Sook Chung Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$546,696
Expenses
$351,729
Net Income
$194,967
Net Assets
$2,720,640
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $20
0.0%
Dividends $10,492
1.9%
Sales of Assets $536,184
98.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $340,955
96.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,720,640
Total Liabilities $0
Net Assets $2,720,640
Compensation
Key Employees and Officers Compensation Other
Myung K Chung (President) $0 $0
Christina Chung (Trustee) $0 $0
Danielle Chung (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$25,410
Expenses
$405,199
Net Income
-$379,789
Net Assets
$2,525,673
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $16
0.1%
Dividends $6,415
25.2%
Sales of Assets $18,979
74.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $393,032
97.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,525,673
Total Liabilities $0
Net Assets $2,525,673
Compensation
Key Employees and Officers Compensation Other
Myung K Chung (President) $0 $0
Christina Chung (Trustee) $0 $0
Danielle Chung (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$314,657
Expenses
$435,553
Net Income
-$750,210
Net Assets
$2,905,462
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $12
Dividends $6,337
Sales of Assets -$337,017
Other Income $16,011
Notable Expenses Percent of Total Expenses
Charitable Disbursements $426,079
97.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,905,462
Total Liabilities $0
Net Assets $2,905,462
Compensation
Key Employees and Officers Compensation Other
Myung K Chung (President) $0 $0
Christina Chung (Trustee) $0 $0
Danielle Chung (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$258,151
Expenses
$485,300
Net Income
-$227,149
Net Assets
$3,655,672
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $15
0.0%
Dividends $5,545
2.1%
Sales of Assets $252,591
97.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $436,677
90.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,655,672
Total Liabilities $0
Net Assets $3,655,672
Compensation
Key Employees and Officers Compensation Other
Myung K Chung (President) $0 $0
Christina Chung (Trustee) $0 $0
Danielle Chung (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,633,693
Expenses
$390,631
Net Income
$1,243,062
Net Assets
$3,882,820
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $22
0.0%
Dividends $5,234
0.3%
Sales of Assets $1,628,437
99.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $385,942
98.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,882,821
Total Liabilities $1
Net Assets $3,882,820
Compensation
Key Employees and Officers Compensation Other
Myung K Chung (President) $0 $0
Christina Chung (Trustee) $0 $0
Danielle Chung (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$7,417
Expenses
$191,230
Net Income
-$198,647
Net Assets
$2,639,758
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $17
Dividends $9,617
Sales of Assets $0
Other Income $453
Notable Expenses Percent of Total Expenses
Charitable Disbursements $185,798
97.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,639,759
Total Liabilities $1
Net Assets $2,639,758
Compensation
Key Employees and Officers Compensation Other
Myung K Chung (President) $0 $0
Christina Chung (Trustee) $0 $0
Danielle Chung (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$249,158
Expenses
$179,777
Net Income
$69,381
Net Assets
$2,838,406
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,250
1.3%
Interest Revenue $16
0.0%
Dividends $9,258
3.7%
Sales of Assets $235,692
94.6%
Other Income $942
0.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $163,904
91.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,838,406
Total Liabilities $0
Net Assets $2,838,406
Compensation
Key Employees and Officers Compensation Other
Myung K Chung (President) $0 $0
Christina Chung (Trustee) $0 $0
Danielle Chung (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$603,487
Expenses
$150,162
Net Income
$453,325
Net Assets
$2,769,025
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,195
0.5%
Interest Revenue $16
0.0%
Dividends $13,430
2.2%
Sales of Assets $586,846
97.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $143,635
95.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,769,025
Total Liabilities $0
Net Assets $2,769,025
Compensation
Key Employees and Officers Compensation Other
Myung K Chung (President) $0 $0
Christina Chung (Trustee) $0 $0
Danielle Chung (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$38,506
Expenses
$146,340
Net Income
-$184,846
Net Assets
$2,315,700
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $15
Dividends $15,818
Sales of Assets -$54,339
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $137,430
93.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,315,700
Total Liabilities $0
Net Assets $2,315,700
Compensation
Key Employees and Officers Compensation Other
Myung K Chung (President) $0 $0
Christina Chung (Trustee) $0 $0
Danielle Chung (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$120,427
Expenses
$141,649
Net Income
-$21,222
Net Assets
$2,500,546
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $17
0.0%
Dividends $24,728
20.5%
Sales of Assets $95,682
79.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $132,005
93.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,500,546
Total Liabilities $0
Net Assets $2,500,546

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$146,633
Expenses
$133,258
Net Income
$13,375
Net Assets
$2,521,768
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $22
0.0%
Dividends $17,101
11.7%
Sales of Assets $129,510
88.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $127,510
95.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,521,768
Total Liabilities $0
Net Assets $2,521,768

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,668,965
Expenses
$39,668
Net Income
$2,629,297
Net Assets
$2,629,297
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,642,500
99.0%
Interest Revenue $43
0.0%
Dividends $3,516
0.1%
Sales of Assets $22,906
0.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $37,822
95.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,629,297
Total Liabilities $0
Net Assets $2,629,297
Compensation
Key Employees and Officers Compensation Other
Myung K Chung (President) $0 $0
Christina Chung (Trustee) $0 $0
Danielle Chung (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,500
Expenses
$1,560
Net Income
$940
Net Assets
$940
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,500
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,500
Total Liabilities $1,560
Net Assets $940

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

Contact Us