The Chong-Moon Lee Foundation CO Silicon Valley Community Foundation
SUPPORT CAUSES THAT PROMOTE CROSS-CULTURAL UNDERSTANDING BETWEEN ASIA AND THE U.S. WITH SPECIFIC EMPHASIS ON ART, EDUCATION, SOCIAL AND YOUTH PROGRAMS, AND ACTIVITIES.
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$0
Total Expenses
$503K
Net Assets
$3.2M
Employees
0
Volunteers
5
Grants Paid
$470K
Program Expense Ratio
96.0%
This nonprofit profile presents IRS Form 990 tax filing data for The Chong-Moon Lee Foundation CO Silicon Valley Community Foundation (EIN: 77-0414442), based on the 2024 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
The Chong-Moon Lee Foundation CO Silicon Valley Community Foundation is a 501(c)(3) nonprofit headquartered in Mountain View, CA, founded in 1995. The organization has held tax-exempt status since 1996. In its 2024 filing, the organization reported $0 in total revenue, and $503K in total expenses. The organization engaged 5 volunteers. The organization runs 2 programs, totaling $483K in program expenses. 4 of 6 recommended governance policies are in place.
The Chong-Moon Lee Foundation CO Silicon Valley Community Foundation is classified under NTEE code T00Z. Its foundation type is 17.
Programs(Tax Year 2024)
2 records
The Chong-Moon Lee Foundation CO Silicon Valley Community Foundation operates 2 programs, with total program expenses of $483K. The Chong-Moon Lee Foundation CO Silicon Valley Community Foundation's largest program accounts for 72% of total program spending.
ARTS & CULTURE - To support artistic and cultural developments and exchange among communities
COMMUNITY SUPPORT - Health, safety, and welfare for marginalized seniors and natural disaster victims
Financial Overview(Tax Years 2019–2024)
6 records
Over the past 6 years, The Chong-Moon Lee Foundation CO Silicon Valley Community Foundation's revenue has declined from $1.3M to $0, a 100.0% decrease. Program expenses represent 96% of total spending.
Expenses declined 13.1%, while net assets fell to $3.2M, down 13.6% from the prior year.
The Chong-Moon Lee Foundation CO Silicon Valley Community Foundation allocates 96% to programs, 4% to management and general.
The Chong-Moon Lee Foundation CO Silicon Valley Community Foundation distributed $470K in grants to other organizations and individuals, representing 94% of total expenses.
Over 6 filings from 2019–2024, The Chong-Moon Lee Foundation CO Silicon Valley Community Foundation declined revenue from $1.3M to $0 (-100.0%) while maintaining a program expense ratio of 96%.
The Chong-Moon Lee Foundation CO Silicon Valley Community Foundation holds $3.2M in total assets against $0 in liabilities (debt-to-asset ratio of 0%). The organization has 76.3 months of operating reserves. Cash and equivalents of $3.2M cover approximately 76.3 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $0 | $0 | $0 | $0 | $0 |
| 2023 | $0 | $0 | $0 | $0 | $0 |
| 2022 | $0 | $0 | $0 | $0 | $0 |
| 2021 | $0 | $0 | $0 | $0 | $0 |
| 2020 | $500K | $500K | $0 | $0 | $0 |
| 2019 | $1.3M | $1.3M | $0 | $0 | $0 |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $503K | $483K | $20K | $0 | $470K |
| 2023 | $578K | $545K | $33K | $0 | $520K |
| 2022 | $1.3M | $1.2M | $8K | $0 | $1.2M |
| 2021 | $362K | $345K | $18K | $0 | $332K |
| 2020 | $965K | $955K | $10K | $0 | $950K |
| 2019 | $405K | $395K | $10K | $0 | $390K |
Program Expense Ratio
96.0%
Admin Expense Ratio
4.0%
Fundraising Efficiency
—
Operating Reserve
76.3 mo
People & Compensation(Tax Year 2024)
5 records
The Chong-Moon Lee Foundation CO Silicon Valley Community Foundation reported compensation for 5 officers and key employees.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| Chong-Moon Lee | PRESIDENT | OfficerDirector | 0.50 | $0 | $0 | $0 |
| Bong Joon Jung | SECRETARY | Officer | 0.50 | $0 | $0 | $0 |
| Reiko Takahashi Lee | TREASURER | Officer | 0.50 | $0 | $0 | $0 |
| Jorge Del calvo | DIRECTOR | Director | 0.50 | $0 | $0 | $0 |
| Pat Bresee | DIRECTOR | Director | 0.50 | $0 | $0 | $0 |
Governance & Compliance(Tax Year 2024)
The Chong-Moon Lee Foundation CO Silicon Valley Community Foundation has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 3 members, 3 of whom are independent.
The Chong-Moon Lee Foundation CO Silicon Valley Community Foundation's financial statements are audited, an audit committee oversees the process.
The Chong-Moon Lee Foundation CO Silicon Valley Community Foundation has family or business relationships among officers, directors, or key employees, and delegates management duties to an outside firm.
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2024)
7 records
The Chong-Moon Lee Foundation CO Silicon Valley Community Foundation awarded $470K across 7 grants to organizations. Top recipients include Asian Art Museum Foundation of San Francisco (San Francisco, CA) — $150K for arts & culture; Consulate General of Japan (San Francisco, CA) — $100K for community support; Asia Society (New York, NY) — $100K for arts & culture.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| Asian Art Museum Foundation of San Francisco941704765 | San Francisco, CA | $150K | Arts & Culture |
| Consulate General of Japan942883834 | San Francisco, CA | $100K | Community Support |
| Asia Society133234632 | New York, NY | $100K | Arts & Culture |
| Asia Society Northern California873562503 | San Francisco, CA | $50K | Arts & Culture |
| Stanford Health Care946174066 | Stanford, CA | $30K | Community Support |
| Korean American Music Supporters Association USA Inc562302955 | Cupertino, CA | $20K | Arts & Culture |
| San Francisco Korean Master Chorale943408116 | San Leandro, CA | $20K | Arts & Culture |
Filing History(Tax Years 1996–2024)
6 records
Showing the 6 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990 | 2024-01-01 – 2024-12-31 | $0 | $503K | $3.2M |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $0 | $578K | $3.7M |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $0 | $1.3M | $4.3M |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $0 | $362K | $5.5M |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $500K | $965K | $5.9M |
| 2019 | 990 | 2019-01-01 – 2019-12-31 | $1.3M | $405K | $6.4M |
| 1996–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does The Chong-Moon Lee Foundation CO Silicon Valley Community Foundation do?
SUPPORT CAUSES THAT PROMOTE CROSS-CULTURAL UNDERSTANDING BETWEEN ASIA AND THE U.S. WITH SPECIFIC EMPHASIS ON ART, EDUCATION, SOCIAL AND YOUTH PROGRAMS, AND ACTIVITIES.
How much revenue does The Chong-Moon Lee Foundation CO Silicon Valley Community Foundation have?
The Chong-Moon Lee Foundation CO Silicon Valley Community Foundation reported $0 in total revenue for tax year 2024.
Who is the highest-paid executive at The Chong-Moon Lee Foundation CO Silicon Valley Community Foundation?
Chong-Moon Lee, PRESIDENT, received $0 in total compensation as of tax year 2024.
Is The Chong-Moon Lee Foundation CO Silicon Valley Community Foundation a 501(c)(3)?
Yes, The Chong-Moon Lee Foundation CO Silicon Valley Community Foundation is classified as a 501(c)(3) tax-exempt organization.
Where is The Chong-Moon Lee Foundation CO Silicon Valley Community Foundation located?
The Chong-Moon Lee Foundation CO Silicon Valley Community Foundation is headquartered in Mountain View, CA 94040.
Is The Chong-Moon Lee Foundation CO Silicon Valley Community Foundation audited?
Yes, The Chong-Moon Lee Foundation CO Silicon Valley Community Foundation's financial statements are audited, and the organization has an audit committee.
Does The Chong-Moon Lee Foundation CO Silicon Valley Community Foundation give grants?
Yes, The Chong-Moon Lee Foundation CO Silicon Valley Community Foundation distributed $470,000 in grants to other organizations and individuals in tax year 2024. Top recipients include Asian Art Museum Foundation of San Francisco, Consulate General of Japan, Asia Society.
Data Source
Prepared by: Crowe LLP, Plano, TX
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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