CHUN FAMILY FOUNDATION INC

EIN: 204102246 501(c)(3) Philanthropy & Grantmaking

EAST ROCKAWAY, NY

Total Revenue
$343,101
Total Expenses
$58,900
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
NY
Principal Officer
MYUNG K CHUN
Phone
5165124820
Tax Period
2023-01-01 to 2023-12-31

CHUN FAMILY FOUNDATION INC, founded in 2006, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $343K in total revenue in fiscal year 2023. The organization ran a surplus of $284K, a strong 83% operating margin.

Mission

TO GRANT SCHOLARSHIPS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $279,575
Program Service Revenue $0
Investment Income $63,526
Other Revenue $0
TOTAL REVENUE $343,101

Expense Breakdown

Grants Paid $58,900
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $58,900
Other Expenses $0
TOTAL EXPENSES $58,900

Year-over-Year Comparison

2023 2022 Change
Revenue $343,101 $347,553 0.0%
Expenses $58,900 N/A N/A
Net Income $284,201 $347,553 -0.2%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MYUNG K CHUN TRUSTEE 0.00
Director
$0 $0 $0
SHIN JA CHUN TRUSTEE 0.00
Director
$0 $0 $0
SUYUL CHUN TRUSTEE 0.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $343,101 $58,900 No data $284,201
2022 $347,553 No data No data No data
2021 $231,890 $201,000 No data $30,890
2020 $373,264 $202,098 No data $171,166
2019 $250,252 $70,466 No data $179,786
2018 $155,110 $47,090 No data $108,020
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