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WALTER AND FANNIE WANG FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
WALTER AND FANNIE WANG FOUNDATION (EIN 26-3315955)
Tax period
2024-09-01 to 2025-08-31
Filed
2026-07-10
IRS object ID
202621919349100417
Schema version
2024v5.5
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-07-10T16:39:30-05:00ReturnTs
Tax Period End2025-08-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN475284605PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ERIC ZHANG & ASSOCIATES LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1920 HILLVIEW CTAddressLine1Txt
CityMILPITASCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95035ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN263315955EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WALTER AND FANNIE WANG FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWALTBusinessNameControlTxt
Phone4088579829PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11133 KENDAL CTAddressLine1Txt
CitySAN JOSECityNm
State AbbreviationCAStateAbbreviationCd
ZIP95120ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonFUNG WING WANGPersonNm
Person TitleVICE PRESIDENTPersonTitleTxt
Phone4088579829PhoneNum
Signature2026-07-10SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonERIC ZHANG CPAPreparerPersonNm
PTINP00548506PTIN
Phone4084358828PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$884,975FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$11,277ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$17,460InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$17,460InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$19,688DividendsRevAndExpnssAmt
Dividends Net Invst Incm$19,688DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$0NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$80,500GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$48,425TotalRevAndExpnssAmt
Total Net Invst Incm$37,148TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss$7,932OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Net Invst Incm$0OthEmplSlrsWgsNetInvstIncmAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl$7,932OthEmplSlrsWgsDsbrsChrtblAmt
Accounting Fees Rev And Expnss$2,400AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$0AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$2,400AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$837TaxesRevAndExpnssAmt
Taxes Net Invst Incm$188TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$649TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$25DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm$0DeprecAndDpltnNetInvstIncmAmt
Other Expenses Rev And Expnss$13,008OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$65OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$12,943OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$24,202TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$253TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$23,924TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$29,590ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$29,590ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$53,792TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$253TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$53,514TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$5,367ExcessRevenueOverExpensesAmt
Net Investment Income$36,895NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$36,170CashBOYAmt
Cash EOY$17,311CashEOYAmt
Cash EOYFMV$17,311CashEOYFMVAmt
Sav And Temp Cash Invst BOY$20,683SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$88,222SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$88,222SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$189,395CorporateStockBOYAmt
Corporate Stock EOY$279,338CorporateStockEOYAmt
Corporate Stock EOYFMV$779,442CorporateStockEOYFMVAmt
Other Investments BOY$140,399OtherInvestmentsBOYAmt
Other Investments EOY$0OtherInvestmentsEOYAmt
Other Investments EOYFMV$0OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$10,125LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$10,125LandBldgEquipAccumDeprecAmt
Land BOY$25LandBOYAmt
Land EOY$0LandEOYAmt
Land EOYFMV$0LandEOYFMVAmt
Total Assets BOY$386,672TotalAssetsBOYAmt
Total Assets EOY$384,871TotalAssetsEOYAmt
Total Assets EOYFMV$884,975TotalAssetsEOYFMVAmt
Other Liabilities BOY$16,815OtherLiabilitiesBOYAmt
Other Liabilities EOY$20,381OtherLiabilitiesEOYAmt
Total Liabilities BOY$16,815TotalLiabilitiesBOYAmt
Total Liabilities EOY$20,381TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$288,956CapitalStockBOYAmt
Capital Stock EOY$288,956CapitalStockEOYAmt
Additional Paid In Capital BOY$0AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$0AdditionalPaidInCapitalEOYAmt
Retained Earning BOY$80,901RetainedEarningBOYAmt
Retained Earning EOY$75,534RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$369,857TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$364,490TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$386,672TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$384,871TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$369,857TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$5,367ExcessRevenueOverExpensesAmt
Other Increases$0OtherIncreasesAmt
Subtotal$364,490SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$364,490TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
Property5000 SHARES OF DJIAPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2018-10-25AcquiredDt
Sold2024-10-25SoldDt
Gross Sales Price$80,500GrossSalesPriceAmt
Cost Or Other Basis$80,500CostOrOtherBasisAmt
Gain Or Loss$0GainOrLossAmt
Gains Minus Excess Or Losses$0GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$0CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$513InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$513SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$513TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$0EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Es Penalty$10EsPenaltyAmt
Tax Due$523TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksFUNG WING WANGIndividualWithBooksNm
Phone4088579829PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11133 KENDAL CTAddressLine1Txt
CitySAN JOSECityNm
State AbbreviationCAStateAbbreviationCd
ZIP95120ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnYes (1)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions0ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Transactions Fail To Qlfy As Exc0TransactionsFailToQlfyAsExcInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
WALTER C WANG
1133 KENDAL CTSAN JOSECA95120PRESIDENT3.00$0$0$0
FUNG WING WANG
1133 KENDAL CTSAN JOSECA95120VICE PRESIDENT3.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1SEE GENERAL EXPLANATIONDescription1Txt
Expenses1$16,274Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$986,455AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$106,530AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,092,985TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$1,092,985AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$16,395CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,076,590NetVlNoncharitableAssetsAmt
Minimum Investment Return$53,830MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$53,830MinimumInvestmentReturnAmt
Tax Based On Investment Income$513TaxBasedOnInvestmentIncomeAmt
Total Tax$513TotalTaxAmt
Distributable Before Adj$53,317DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$53,317DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$53,317DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$53,514ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$53,514QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$53,317DistributableAsAdjustedAmt
Undistributed Income PY$29,951UndistributedIncomePYAmt
Prior Year12023PriorYear1Yr
Total For Prior Years$0TotalForPriorYearsAmt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$53,514QualifyingDistributionsAmt
Applied To Year1$29,951AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$23,563AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$0TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$29,754UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$0ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerWALTER C WANGContributingManagerNm
Contributing ManagerFUNG WING WANGContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (13 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
BRET HEARTE EDUCATIONAL ASSOCIATION
7050 BRET HARTE DRIVESAN JOSECA95120N/APCDONATION$1,500
DIOCESE OF SAN JOSE
1150 NORTH FIRST STREET SUITE 100SAN JOSECA95112N/A501(C)(3)DONATION$2,000
LELAND HIGH SCHOOL
6677 CAMDEN AVENUESAN JOSECA95120N/APCDONATION$600
LELAND HIGH SCHOOL BOOSTER CLUB
6677 CAMDEN AVENUESAN JOSECA95120N/APCDONATION$800
LELAND PARENT CLUB
6677 CAMDEN AVENUESAN JOSECA95120N/APCDONATION$1,000
LELAND BRIDGE GROUP OF LELAND HIGH SCHOOL
6677 CAMDEN AVENUESAN JOSECA95120N/APCDONATION$2,000
SAN JOSE CHINESE CATHOLIC MISSION
725 WASHINGTON STREETSANTA CLARACA95050N/A501(C)(3)DONATION$1,200
SANTA CLARA SCHOOLS FOUNDATION (MACDONALD FOOTBALL)
PO BOX 1369SANTA CLARACA95052N/APCDONATION$100
USC VITERBI SCHOOL OF ENGINEERING
UNIVERSITY PARK CAMPUS ALM 2NDLOS ANGELESCA90089N/APCDONATION$20,000FLOOR MC 0461
HARVEST PARK MUSIC BOOSTERS
PO BOX 862PLEASANTONCA94566N/APCDONATION$100
ROCHESTER INSTITUTE OF TECHNOLOGY
CONTROLLER 46 LOMB MEMORIAL DRROCHESTERNY146235604N/APCDONATION$100
ARGONAUT HIGH SCHOOL
501 ARGONAUT LNJACKSONCA95642N/A501(C)(3)DONATION$100
THE MUSEUM OF MODERN ART
151 THIRD STREETSAN FRANCISCOCA941033159N/APCDONATION$90
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$29,590TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$17,460ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$19,688ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$37,148ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$37,148TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEECategoryTxt
Amt$2,400Amt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$2,400DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (11 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtLifeLifeRtCurrent Year ExpenseCurrentYearExpenseAmtNet Investment IncomeNetInvestmentIncomeAmt
FURNITURE2011-03-01$1,337$1,337SL7.000000000000$0$0
FURNITURE2016-11-05$394$394SL7.000000000000$0$0
FURNITURE2016-12-14$335$335SL7.000000000000$0$0
FURNITURE2018-01-09$500$475SL7.000000000000$25$0
EQUIPMENT2015-09-21$923$923SL5.000000000000$0$0
EQUIPMENT2014-09-01$552$552SL3.000000000000$0$0
EQUIPMENT2014-03-17$219$219SL3.000000000000$0$0
EQUIPMENT2013-08-24$1,547$1,547SL3.000000000000$0$0
EQUIPMENT2014-03-17$2,048$2,048SL3.000000000000$0$0
LAPTOP2018-12-07$878$878200DB5.000000000000$0$0
LAPTOP2018-12-12$1,392$1,392200DB5.000000000000$0$0

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp

FieldValueIRS element (for citing)
IdentifierSUMMARY OF DIRECT CHARITABLE ACTIVITIESIdentifierTxt
Form And Line ReferenceFORM 990-PF, PART VIII-AFormAndLineReferenceDesc
Medium ExplanationTHE MISSION OF OUR PRIVATE FOUNDATION IS TO IMPROVE THE QUALITY OF LIFE, HEALTH, AND EDUCATION OF CHILDREN WORLDWIDE. THE FOUNDATION PROVIDES GRANTS AND FINANCIAL SUPPORT TO EDUCATIONAL, YOUTH DEVELOPMENT, AND COMMUNITY PROGRAMS, INCLUDING MUSIC, ARTS, ATHLETICS, AND CHILDREN'S PROGRAMS OFFERED THROUGH SCHOOLS, UNIVERSITIES, AND NONPROFIT ORGANIZATIONS. DURING THE YEAR, THE FOUNDATION CONTINUED ITS SUPPORT OF THE FAMILY ENDOWMENT SCHOLARSHIP ESTABLISHED AT THE UNIVERSITY OF SOUTHERN CALIFORNIA TO HELP PROVIDE HIGHER EDUCATION OPPORTUNITIES FOR STUDENTS.THE FOUNDATION ALSO CONTINUED TO ADVANCE ITS CHARITABLE AND EDUCATIONAL MISSION THROUGH ITS TWO DBA PROGRAMS: BAY AREA STEM ACADEMY (BASA) AND ALMADEN COMMUNITY BASKETBALL (ACB).BAY AREA STEM ACADEMY (BASA) PROVIDES FREE STEM (SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS) CAMPS, WORKSHOPS, AND EDUCATIONAL PROGRAMS FOR STUDENTS THROUGHOUT THE SAN FRANCISCO BAY AREA. BASA ENGAGES COLLEGE AND HIGH SCHOOL VOLUNTEERS TO DELIVER HANDS-ON LEARNING EXPERIENCES THAT PROMOTE CRITICAL THINKING, CREATIVITY, AND INNOVATION. DURING THE YEAR, BASA ORGANIZED A THREE-DAY SCIENCE CAMP, AN ONLINE CAD WORKSHOP, AND A SUMMER MENTORSHIP PROGRAM. ADDITIONAL INFORMATION IS AVAILABLE AT HTTPS://BAYAREASTEMACADEMY.ORG.ALMADEN COMMUNITY BASKETBALL (ACB) PROMOTES YOUTH DEVELOPMENT THROUGH AFFORDABLE BASKETBALL INSTRUCTION, CAMPS, AND COMMUNITY-BASED ATHLETIC PROGRAMS. ACB FOCUSES ON DEVELOPING BASKETBALL SKILLS, TEAMWORK, SPORTSMANSHIP, LEADERSHIP, AND HEALTHY LIFESTYLES AMONG YOUTH PARTICIPANTS. DURING THE YEAR, ACB ORGANIZED TWO FIVE-DAY INDOOR BASKETBALL CAMPS AND ONE EIGHT-SESSION OUTDOOR BASKETBALL WORKSHOP. ADDITIONAL INFORMATION IS AVAILABLE AT HTTPS://ALMADENCOMMUNITYBASKETBALL.FRAMER.WEBSITE.ALL FOUNDATION-SUPPORTED PROGRAMS AND ACTIVITIES ARE CONDUCTED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES AND ARE INTENDED TO BENEFIT CHILDREN AND STUDENTS IN THE COMMUNITIES SERVED.BASA PROGRAM FEE: $10,705.97ACB PROGRAM FEE: $5,568.33MediumExplanationTxt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockMERRILLStockNm
EOY Book Value$279,338EOYBookValueAmt
EOYFMV$779,442EOYFMVAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (11 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmtEOYFMVEOYFMVAmt
FURNITURE$1,337$1,337$0$0
FURNITURE$394$394$0$0
FURNITURE$335$335$0$0
FURNITURE$500$500$0$0
EQUIPMENT$923$923$0$0
EQUIPMENT$552$552$0$0
EQUIPMENT$219$219$0$0
EQUIPMENT$1,547$1,547$0$0
EQUIPMENT$2,048$2,048$0$0
LAPTOP$878$878$0$0
LAPTOP$1,392$1,392$0$0

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (9 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
BANK CHARGE$214$0$214
DUES AND SUBSCRIPTIONS$257$0$257
FILING FEE$25$0$25
POSTAGE$1$0$1
PROGRAM EXPENSE$10,354$0$10,354
INVESTMENT FEE$65$65$0
LICENSE AND PERMIT$20$0$20
OFFICE SUPPLIES$944$0$944
PAYROLL EXPENSE$1,128$0$1,128

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescCREDIT CARDDesc
BOY Book Value$16,815BOYBookValueAmt
EOY Book Value$20,381EOYBookValueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
IRS TAX$188$188$0
PAYROLL TAX$649$0$649

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