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RONG RONG FAMILY FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
RONG RONG FAMILY FOUNDATION (EIN 27-4260437)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-02-20
IRS object ID
202400519349101005
Schema version
2023v4.0
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)
Return2024-02-20T03:16:08-00:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN814220175PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JULIA BROWN CPA A PROFESSIONAL CORPORATIONBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14020 MOORPARK AVE SUITE 109AddressLine1Txt
CitySAN JOSECityNm
State AbbreviationCAStateAbbreviationCd
ZIP95117ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN274260437EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RONG RONG FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlRONGBusinessNameControlTxt
Phone4085311589PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line121800 ALMADEN AVENUEAddressLine1Txt
CityCupertinoCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95014ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDUNFA XIPersonNm
Person TitleCEOPersonTitleTxt
Phone4085311589PhoneNum
Signature2024-02-20SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDUNFAPersonFirstNm
Person LastXIPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJULIA BROWNPreparerPersonNm
PTINP01863125PTIN
Phone4088065966PhoneNum
Preparation2024-02-20PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Initial ReturnYes (X)InitialReturnInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$445,946FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Gross Rents Rev And Expnss$30,002GrossRentsRevAndExpnssAmt
Gross Rents Net Invst Incm$30,002GrossRentsNetInvstIncmAmt
Gross Rents Adj Net Incm$30,002GrossRentsAdjNetIncmAmt
Net Rental Income Or Loss$11,132NetRentalIncomeOrLossAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$30,002TotalRevAndExpnssAmt
Total Net Invst Incm$30,002TotalNetInvstIncmAmt
Total Adj Net Incm$30,002TotalAdjNetIncmAmt
Taxes Rev And Expnss$442TaxesRevAndExpnssAmt
Deprec And Dpltn Rev And Expnss$5,918DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm$5,918DeprecAndDpltnNetInvstIncmAmt
Deprec And Dpltn Adj Net Incm$5,918DeprecAndDpltnAdjNetIncmAmt
Other Expenses Rev And Expnss$12,952OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$12,952OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$12,952OtherExpensesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$19,312TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$18,870TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$18,870TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$50,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$50,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$69,312TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$18,870TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$18,870TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$50,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$39,310ExcessRevenueOverExpensesAmt
Net Investment Income$11,132NetInvestmentIncomeAmt
Adjusted Net Income$11,132AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$224,882CashBOYAmt
Cash EOY$191,490CashEOYAmt
Cash EOYFMV$191,490CashEOYFMVAmt
Invst Land Cost Or Other Basis$316,688InvstLandCostOrOtherBasisAmt
Invst Land Accum Depreciation$62,232InvstLandAccumDepreciationAmt
Land Bldg Investments BOY$260,374LandBldgInvestmentsBOYAmt
Land Bldg Investments EOY$254,456LandBldgInvestmentsEOYAmt
Land Bldg Investments EOYFMV$254,456LandBldgInvestmentsEOYFMVAmt
Total Assets BOY$485,256TotalAssetsBOYAmt
Total Assets EOY$445,946TotalAssetsEOYAmt
Total Assets EOYFMV$445,946TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$626,846CapitalStockBOYAmt
Retained Earning BOY-$141,590RetainedEarningBOYAmt
Retained Earning EOY$445,946RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$485,256TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$445,946TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$485,256TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$445,946TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$485,256TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$39,310ExcessRevenueOverExpensesAmt
Subtotal$445,946SubtotalAmt
Tot Net Ast Or Fund Balances EOY$445,946TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$155InvestmentIncomeExciseTaxAmt
Subtotal$155SubtotalAmt
Tax Based On Investment Income$155TaxBasedOnInvestmentIncomeAmt
Tax Due$155TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationYes (true)PrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksDUNFA XIIndividualWithBooksNm
Phone4086230766PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line121800 ALMADEN AVENUEAddressLine1Txt
CityCUPERTINOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95014ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYYes (true)UndistributedIncomePYInd
Undistributed Income PY12019UndistributedIncomePY1Yr
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
DUNFA XI
21800 ALMADEN AVENUECUPERTINOCA95014CEO000.00$0
WEIPING DOU
21800 ALMADEN AVENUECUPERTINOCA95014CFO000.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt
Expenses1$0Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$191,490AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$900,000FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,091,490TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,091,490AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$16,372CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,075,118NetVlNoncharitableAssetsAmt
Minimum Investment Return$53,756MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$53,756MinimumInvestmentReturnAmt
Tax Based On Investment Income$155TaxBasedOnInvestmentIncomeAmt
Total Tax$155TotalTaxAmt
Distributable Before Adj$53,601DistributableBeforeAdjAmt
Distributable Before Ded$53,601DistributableBeforeDedAmt
Distributable As Adjusted$53,601DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$50,000ExpensesAndContributionsAmt
Qualifying Distributions$50,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$53,601DistributableAsAdjustedAmt
Undistributed Income PY$4,705UndistributedIncomePYAmt
Prior Year12019PriorYear1Yr
Prior Year22020PriorYear2Yr
Prior Year32021PriorYear3Yr
Total For Prior Years$10,176TotalForPriorYearsAmt
Qualifying Distributions$50,000QualifyingDistributionsAmt
Applied To Year1$4,705AppliedToYear1Amt
Applied To Current Year$45,295AppliedToCurrentYearAmt
Prior Year Undistributed Incm$10,176PriorYearUndistributedIncmAmt
Taxable1$10,176Taxable1Amt
Undistributed Income CY$8,306UndistributedIncomeCYAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$11,132CurrentYearAmt
Year2$15,900Year2Amt
Year3$16,873Year3Amt
Total$43,905TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Current Year$9,462CurrentYearAmt
Year2$13,515Year2Amt
Year3$14,342Year3Amt
Total$37,319TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$50,000CurrentYearAmt
Year2$50,000Year2Amt
Year3$50,000Year3Amt
Total$150,000TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$50,000CurrentYearAmt
Year2$50,000Year2Amt
Year3$50,000Year3Amt
Total$150,000TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$35,837CurrentYearAmt
Year1$3,137Year1Amt
Year2$37,003Year2Amt
Year3$38,978Year3Amt
Total$114,955TotalAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerDUNFA XIContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1Bay Badminton Training AcademyBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1600 S Amphlett BlvdAddressLine1Txt
CitySan MateoCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94402ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipCharitableRecipientRelationshipTxt
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeCharitableGrantOrContributionPurposeTxt
Amt$50,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$50,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

FieldValueIRS element (for citing)
Exclusion16ExclusionCd
Exclusion$11,132ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$11,132ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$11,132TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (4 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtLifeLifeRtCurrent Year ExpenseCurrentYearExpenseAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
1388 Northwood Dr - Building2013-05-16$43,544$10,704SL0000000039.000000000000$1,117$1,117$1,117
1388 Northwood Dr - Land2013-05-16$10,886L0000000039.000000000000
4730 Antelope Circle - Building2013-07-09$187,258$45,610SL0000000039.000000000000$4,801$4,801$4,801
4730 Antelope Circle - Land2013-07-09$75,000L0000000039.000000000000

Investments Land Schedule2 InvestmentsLandSchedule2

Investment Land InvestmentLandGrp (4 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmtEOYFMVEOYFMVAmt
1388 Northwood Dr - Building$43,544$11,821$31,723$31,723
1388 Northwood Dr - Land$10,886$10,886$10,886
4730 Antelope Circle - Building$187,258$50,411$136,847$136,847
4730 Antelope Circle - Land$75,000$75,000$75,000

Other Assets Schedule OtherAssetsSchedule

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
Legal Professional Fees$8,500$8,500$8,500
Property Tax$3,724$3,724$3,724
Department of Justice$75$75$75
Home Insurance$653$653$653

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFederal Income TaxCategoryTxt
Amt$442Amt

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