Percy P Tung & Florance Chu Tung Charitable Foundation Inc in St Pete Beach, Florida (FL)

Organization representatives - add corrected or new information about Percy P Tung & Florance Chu Tung Charitable Foundation Inc »

Non-representatives - add comments about Percy P Tung & Florance Chu Tung Charitable Foundation Inc»

Percy P Tung & Florance Chu Tung Charitable Foundation Inc
Employer Identification Number (EIN)223781894
Name of OrganizationPercy P Tung & Florance Chu Tung Charitable Foundation Inc
Address8021 Sailboat Key Blvd S Apt 301, St Pete Beach, FL 33707-4417
SubsectionCharitable Organization
Ruling Date06/2001
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1 to $9,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$4,842
Amount of Income$7,500
Form 990 Revenue Amount$7,500
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Named Trusts/Foundations (Not Elsewhere Classified)

Non-representatives - add comments:


Your IP address will be logged.

Financial snapshot ($)

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$0$0$0
Total expenses and disbursements$0$0$0$0
Excess of revenue over expenses and disbursements$0
Net investment income$0
Adjusted net income$0
Balance Sheets
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$52,812$52,812$5,011$5,011$4,842$4,842$4,842$4,842
Cash - non-interest-bearing$52,812$0$0$0
Investments-U.S. and state government obligations$0$0$0$0
Investments-corporate stock$0$0$0$0
Investments-corporate bonds$0$0$0$0
Investments-mortgage loans$0$0$0$0
Other assets$0$0
Total liabilities$0$0$0$0
Total liabilities and net assets/fund balances$52,812$5,011$4,842$4,842
Capital Gains and Losses for Tax on Investment Income
Capital gain net income$0$0$0$0
Net capital loss$0$0$0$0
Excise Tax Based on Investment Income
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNoNo
Tax based on investment income$0$0$0$0
Total credits and payments$0$0$0$0
Any penalty for underpayment of estimated tax$0$0$0$0
Tax due$0$0
Amount to be credited to next year's estimated tax$0$0$0$0
Statements Regarding Activities
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?NoNoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?NoNo
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?NoNoNoNo
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?NoNo
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNoNoNo
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNoNo
Agree to pay money or property to a government official?NoNoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNoNo
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?NoNoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$16,609$5,011$4,842$4,842
Net value of noncharitable-use assets$4,769$4,769
Minimum investment return$818$247$238$238
Distributable Amount
Distributable amount$818$247$238$238
Undistributed Income
Distributable amount for this year$818$247$238$238
Undistributed income for this year. This amount must be distributed in the next year$0$0$0$238
Private Operating Foundations (for 2010 - 2013)
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$0
Dividends and interest from securities$0$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated


Your Review

Would you recommend Percy P Tung & Florance Chu Tung Charitable Foundation Inc to others? (optional)
Add photo of Percy P Tung & Florance Chu Tung Charitable Foundation Inc (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Other organizations in Florida
IdNameAddressStateEstablishedTotal Income
1Paiko Charitable Foundation, Ray D Berry Ttee4540 Gordon Dr, Naples, FL 34102-7914FL2012-03$31,561,745
2Painting With Amado Inc6676 West 26th Ct Apt 12, Hialeah, FL 33016FL2011-07$500
3Palestina Iglesia Evangelica Inc102 Soto Ln, Kissimmee, FL 34741-1706FL2007-03$47,423
4Palm Beach Baptist Theological Seminary Inc241 Sw 13th Ave, Delray Beach, FL 33444-1541FL2011-03$33,270
5Palo Alto Christian Learning Center Inc518 S Tyndall Pkwy, Panama City, FL 32404-6924FL2011-12$353,830
6Pasco Mental Health Foundation IncPO BOX 261, Port Richey, FL 34673-0261FL2012-03$7,921
7Patch Our Planet Inc1300 Enterprise Dr Unit A, Pt Charlotte, FL 33953-3801FL2011-10$51,092
8Pathways To Prosperity Inc900 N Seacrest Blvd, Boynton Beach, FL 33435-3002FL2011-09$353,934
9Pentecost Foundation644 Regatta Way, Bradenton, FL 34208-8438FL2012-03$16,773,645
10Pepitos Faces Of Hope Inc202 S Lois Ave, Tampa, FL 33609-3858FL2012-02$1,708
11Percy P Tung & Florance Chu Tung Charitable Foundation Inc8021 Sailboat Key Blvd S Apt 301, St Pete Beach, FL 33707-4417FL2001-06$7,500
12Peter D Greenberg Baseball Foundation Inc3838 Tamiami Trail North, Naples, FL 34103-3590FL2012-06$15,000
13Peyton Fam Foundation, Patrick J Peyton Ttee800 S Pointe Dr Apt 1603, Miami Beach, FL 33139-7175FL2012-02$2,687,728
14Pinellas Education Organization Inc2471 Mcmullen Booth Rd, Clearwater, FL 33759-1354FL2011-05$2,580,403
15Pinellas Park Art Society IncPo Box 3106, Pinellas Park, FL 33780FL1998-04$8,364
16Pink Ribbon Pensacola Inc, Pink Ribbon Tennis Tournament2329 Colonial Cir, Pensacola, FL 32514-5608FL2010-11$82,113
17Pioneer Village Inc770 Alton Carlton Rd, Wauchula, FL 33873-1340FL2013-01$37,628
18Pit Sisters Inc14286 Beach Blvd Ste 19, Jacksonville, FL 32250-1568FL2012-08$62,436
19Polk Pre-Collegiate Academy5316 Berkley Rd, Auburndale, FL 33823-8493FL2011-11$670,430
20Ponce Inlet Veterans Memorial Association Inc4650 Links Village Drive B302, Ponce Inlet, FL 32127FL2011-09$117,679 is not associated with, endorsed by, or sponsored by Percy P Tung & Florance Chu Tung Charitable Foundation Inc and has no official or unofficial affiliation with Percy P Tung & Florance Chu Tung Charitable Foundation Inc