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EIN 82-3760826

Chung Foundation / Foundation Source

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Wilmington
State
Delaware
Year formed
2019
Most recent tax filings
2023-12-01
NTEE code, primary
T21: Corporate foundations
Description
Chung Foundation / Foundation Source is a corporate foundation of Vanguard Medical Specialists LLC, based in Colorado Springs, CO, and located in Wilmington, DE. It primarily funds initiatives such as the PCHS speech and debate team, the Promesa del Sur project in Honduras, the Northern Triangle - VAWC initiative, and the Next Gen fundraiser campaign addressing the hunger crisis in Somalia. Last year, it made five grants to various organizations, including World Vision.
Also known as...
Foundation Source
Total revenues
$834,877
2023
Total expenses
$608,421
2023
Total assets
$1,801,416
2023
Num. employees
0
2023

Grants made by Chung Foundation / Foundation Source

GranteeGrant descriptionAmount
World VisionPromesa Del Sur Project in Honduras$400,000
Casa of the Pikes Peak RegionGeneral & Unrestricted$25,000
World VisionNext Gen Fundraiser Campaign for the Hunger Crisis in Somalia$20,000

Personnel at Chung Foundation / Foundation Source

NameTitleCompensation
Leisle ChungPresident$0

Financials for Chung Foundation / Foundation Source

RevenuesFYE 12/2023
Total grants, contributions, etc.$780,010
Investment income and dividends$45,208
Net rental income$0
Net gain from sale of non-inventory assets$9,659
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$834,877

Form 990s for Chung Foundation / Foundation Source

Fiscal year endingDate received by IRSFormPDF link
2023-122024-04-25990PFView PDF
2022-122023-05-05990PFView PDF
2021-122022-07-07990PFView PDF
2020-122021-11-09990PFView PDF
2019-122021-06-10990PFView PDF
...and 1 more Form 990
Data update history
May 20, 2024
Updated personnel
Identified 1 new personnel
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
July 8, 2023
Posted financials
Added Form 990PF for fiscal year 2022
June 14, 2023
Posted financials
Added Form 990PF for fiscal year 2020
October 19, 2021
Posted financials
Added Form 990PF for fiscal year 2019
Nonprofit Types
Grantmaking organizationsPrivate foundationsCorporate foundationsPrivate non-operating foundationsCharities
Issues
Human servicesHunger
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donationsNo full-time employees
General information
Address
Foundation Source 501 Silverside Rd
Wilmington, DE 19809
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
County
New Castle County, DE
Phone
(800) 839-1754
IRS details
EIN
82-3760826
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2019
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T21: Corporate foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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