HUNG & LEE FAMILY FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: HUNG & LEE FAMILY FOUNDATION (EIN 45-5329133)
Tax period: 2022-05-01 to 2023-04-30
Filed: 2024-03-13
IRS object ID: 202440739349100634
Schema version: 2022v5.0
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
Form 990-PF
Accounting Fees Schedule
Investments Corp Stock Schedule
Land Etc Schedule2
Other Expenses Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-03-13T16:32:43-07:00	ReturnTs
Tax Period End	2023-04-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	263000418	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	ABEST TAX SERVICES INC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	1621A S MAIN ST	AddressLine1Txt
City	MILPITAS	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	95035	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2022-05-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	455329133	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	HUNG & LEE FAMILY FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	HUNG	BusinessNameControlTxt
Phone	3155674666	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	650 CASTRO ST SUITE 120-377	AddressLine1Txt
City	MOUNTAIN VIEW	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94041	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	SIMON HUNG	PersonNm
Person Title	Secretary	PersonTitleTxt
Signature	2024-03-13	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	SIMON	PersonFirstNm
Person Last	HUNG	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (true)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	SHUANG MAO	PreparerPersonNm
PTIN	P00660082	PTIN
Phone	4083929977	PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd
Federated Assurance Level	FAL1	FederatedAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$487,867	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Dividends Rev And Expnss	$556	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$556	DividendsNetInvstIncmAmt
Dividends Adj Net Incm	$556	DividendsAdjNetIncmAmt
Total Rev And Expnss	$556	TotalRevAndExpnssAmt
Total Net Invst Incm	$556	TotalNetInvstIncmAmt
Total Adj Net Incm	$556	TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss	$5,000	AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps	$5,000	AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss	$6	TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl	$6	TaxesDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss	$28,355	TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl	$28,355	TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss	$3,924	OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl	$3,924	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$37,285	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$37,285	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$299	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$299	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$37,584	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$37,584	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$37,028	ExcessRevenueOverExpensesAmt
Net Investment Income	$556	NetInvestmentIncomeAmt
Adjusted Net Income	$556	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$74,038	CashBOYAmt
Cash EOY	$37,010	CashEOYAmt
Cash EOYFMV	$37,010	CashEOYFMVAmt
Corporate Stock BOY	$43,793	CorporateStockBOYAmt
Corporate Stock EOY	$43,793	CorporateStockEOYAmt
Corporate Stock EOYFMV	$450,857	CorporateStockEOYFMVAmt
Land Bldg Equip Cost Or Other Bss	$3,819	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$3,819	LandBldgEquipAccumDeprecAmt
Total Assets BOY	$117,831	TotalAssetsBOYAmt
Total Assets EOY	$80,803	TotalAssetsEOYAmt
Total Assets EOYFMV	$487,867	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Retained Earning BOY	$117,831	RetainedEarningBOYAmt
Retained Earning EOY	$80,803	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$117,831	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$80,803	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$117,831	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$80,803	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$117,831	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$37,028	ExcessRevenueOverExpensesAmt
Subtotal	$80,803	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$80,803	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$8	InvestmentIncomeExciseTaxAmt
Subtotal	$8	SubtotalAmt
Tax Based On Investment Income	$8	TaxBasedOnInvestmentIncomeAmt
Tax Due	$8	TaxDueAmt
Applied To ES Tax	$0	AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	CA	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	SIMON HUNG	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	3155674666	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	650 CASTRO ST SUITE 120-377	AddressLine1Txt
City	MOUNTAIN VIEW	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94041	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	false	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt
SIMON HUNG
650 CASTRO ST SUITE 120-377	MOUNTAIN VIEW	CA	94041	Secretary	1.00	$0
WEI-FANG HUNG
650 CASTRO ST SUITE 120-377	MOUNTAIN VIEW	CA	94041	President & CEO	1.00	$0
OLIVIA LEE
650 CASTRO ST SUITE 120-377	MOUNTAIN VIEW	CA	94041	CFO	1.00	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$550,093	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$54,007	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$604,100	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast	$604,100	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$9,062	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$595,038	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$29,752	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$29,752	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$8	TaxBasedOnInvestmentIncomeAmt
Total Tax	$8	TotalTaxAmt
Distributable Before Adj	$29,744	DistributableBeforeAdjAmt
Distributable Before Ded	$29,744	DistributableBeforeDedAmt
Distributable As Adjusted	$29,744	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$37,584	ExpensesAndContributionsAmt
Qualifying Distributions	$37,584	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$29,744	DistributableAsAdjustedAmt
Undistributed Income PY	$37,444	UndistributedIncomePYAmt
Qualifying Distributions	$37,584	QualifyingDistributionsAmt
Applied To Year1	$37,444	AppliedToYear1Amt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$140	AppliedToCurrentYearAmt
Undistributed Income CY	$29,604	UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	SIMON HUNG	ContributingManagerNm
Contributing Manager	OLIVIA LEE	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Field	Value	IRS element (for citing)
Recipient Person	Palace of Fine Arts	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	3601 Lyon St	AddressLine1Txt
City	San Francisco	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94123	ZIPCd

Field	Value	IRS element (for citing)
Recipient Relationship	Donation	RecipientRelationshipTxt
Recipient Foundation Status	PC	RecipientFoundationStatusTxt
Grant Or Contribution Purpose	To provide an astonishing venue for your event thats sure to impress your guests before they even walk in the door.	GrantOrContributionPurposeTxt
Amt	$299	Amt

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$299	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$556	RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$556	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$556	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	Accounting Fees	CategoryTxt
Amt	$5,000	Amt
Net Investment Income	$0	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$5,000	DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Field	Value	IRS element (for citing)
Stock	CHARLES SCHWAB ACC#9048	StockNm
EOY Book Value	$43,793	EOYBookValueAmt
EOYFMV	$450,857	EOYFMVAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

Field	Value	IRS element (for citing)
Category Or Item	Machinery and Equipment	CategoryOrItemTxt
Cost Or Other Basis	$3,819	CostOrOtherBasisAmt
Accumulated Depreciation	$3,819	AccumulatedDepreciationAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Auto lease	$3,204	$3,204
Dues and Subscriptions	$695	$695
Filing Fee	$25	$25

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	Income Tax	CategoryTxt
Amt	$6	Amt
Disbursements Charitable Prps	$6	DisbursementsCharitablePrpsAmt

HUNG & LEE FAMILY FOUNDATION: Form 990PF, tax year 2022

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Preparer Person PreparerPersonGrp

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Persons With Books Name PersonsWithBooksName

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

PF Qualifying Distributions PFQualifyingDistributionsGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient US Address RecipientUSAddress

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

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