WANGSONG FAMILY FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
WANGSONG FAMILY FOUNDATION (EIN 46-1586372)
Tax period
2022-11-01 to 2023-10-31
Filed
2024-02-28
IRS object ID
202440599349100624
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 ReturnHeader

FieldValueIRS element (for citing)
Return2024-02-28T03:34:03-00:00ReturnTs
Tax Period End2023-10-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WINSTON W LEE CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11932 GENOA PLACEAddressLine1Txt
CitySANTA ROSACityNm
State AbbreviationCAStateAbbreviationCd
ZIP95403ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-11-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN461586372EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WANGSONG FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWANGBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line12522 BATON ROUGEAddressLine1Txt
CitySAN JOSECityNm
State AbbreviationCAStateAbbreviationCd
ZIP95133ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonXIN-NING SONGPersonNm
Person TitleCFOPersonTitleTxt
Signature2024-02-28SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstXIN-NINGPersonFirstNm
Person LastSONGPersonLastNm

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonWINSTON W LEE CPAPreparerPersonNm
PTINP00269636PTIN
Phone7075295480PhoneNum
Preparation2024-02-28PreparationDt
Self EmployedYes (X)SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$257,659FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Interest On Sav Rev And Expnss$445InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$445InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$445InterestOnSavingsAdjNetIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Gross Sales Less Ret And Allwnc$82,765GrossSalesLessRetAndAllwncAmt
Cost Of Goods Sold$61,966CostOfGoodsSoldAmt
Gross Profit Rev And Expnss$20,799GrossProfitRevAndExpnssAmt
Gross Profit Adj Net Incm$20,799GrossProfitAdjNetIncmAmt
Total Rev And Expnss$21,244TotalRevAndExpnssAmt
Total Net Invst Incm$445TotalNetInvstIncmAmt
Total Adj Net Incm$21,244TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$420AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$6TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$1,429OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$1,855TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$23,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$23,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$25,355TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$23,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$4,111ExcessRevenueOverExpensesAmt
Net Investment Income$445NetInvestmentIncomeAmt
Adjusted Net Income$21,244AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$30,898CashBOYAmt
Cash EOY$9,153CashEOYAmt
Cash EOYFMV$9,153CashEOYFMVAmt
Sav And Temp Cash Invst BOY$211,932SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$212,357SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$212,357SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl$31,029AcctRcvblAmt
Acct Rcvbl EOY$31,029AcctRcvblEOYAmt
Acct Rcvbl EOYFMV$31,029AcctRcvblEOYFMVAmt
Inventories BOY$14,364InventoriesBOYAmt
Inventories EOY$5,120InventoriesEOYAmt
Inventories EOYFMV$5,120InventoriesEOYFMVAmt
Total Assets BOY$257,194TotalAssetsBOYAmt
Total Assets EOY$257,659TotalAssetsEOYAmt
Total Assets EOYFMV$257,659TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$257,194NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$257,659NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$257,194TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$257,659TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$257,194TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$257,659TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$257,194TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$4,111ExcessRevenueOverExpensesAmt
Other Increases$4,576OtherIncreasesAmt
Subtotal$257,659SubtotalAmt
Tot Net Ast Or Fund Balances EOY$257,659TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$6InvestmentIncomeExciseTaxAmt
Subtotal$6SubtotalAmt
Tax Based On Investment Income$6TaxBasedOnInvestmentIncomeAmt
Tax Due$6TaxDueAmt

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 SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksXIN-NING SONGIndividualWithBooksNm
Phone4084317688PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12522 BATON ROUGEAddressLine1Txt
CitySAN JOSECityNm
State AbbreviationCAStateAbbreviationCd
ZIP95133ZIPCd
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 PYfalseUndistributedIncomePYInd
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
WEI WANG
2522 BATON ROUGESAN JOSECA95133CEO025.00$0
XIN-NING SONG
2522 BATON ROUGESAN JOSECA95133CFO SECRETARY025.00$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)
Description1SCHOLARSHIP SCHOLARSHIP AWARDS TO ACADEMIC EXCELLENT STUDENTSDescription1Txt
Expenses1$23,500Expenses1Amt

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$251,884AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$251,884TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$251,884AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$3,778CashDeemedCharitableAmt
Net Vl Noncharitable Assets$248,106NetVlNoncharitableAssetsAmt
Minimum Investment Return$12,405MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$12,405MinimumInvestmentReturnAmt
Tax Based On Investment Income$6TaxBasedOnInvestmentIncomeAmt
Total Tax$6TotalTaxAmt
Distributable Before Adj$12,399DistributableBeforeAdjAmt
Distributable Before Ded$12,399DistributableBeforeDedAmt
Distributable As Adjusted$12,399DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$23,500ExpensesAndContributionsAmt
Qualifying Distributions$23,500QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$12,399DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$8,104ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$8,104TotalExcessDistributionCyovAmt
Qualifying Distributions$23,500QualifyingDistributionsAmt
Applied To Current Year$12,399AppliedToCurrentYearAmt
Remaining Distri From Corpus$11,101RemainingDistriFromCorpusAmt
Total Corpus$19,205TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$19,205ExcessDistriCyovToNextYrAmt
Excess From Year1$8,104ExcessFromYear1Amt
Excess From Current Year$11,101ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNONEContributingManagerNm
Shareholder ManagerNAShareholderManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonXIN-NING SONGRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line12522 BATON ROUGEAddressLine1Txt
CitySAN JOSECityNm
State AbbreviationCAStateAbbreviationCd
ZIP95133ZIPCd
FieldValueIRS element (for citing)
Recipient Phone4084317688RecipientPhoneNum
Recipient Email AddressXINITAGMAIL.COMRecipientEmailAddressTxt
Form And Info And MaterialsNONE AT PRESENTFormAndInfoAndMaterialsTxt
Submission DeadlinesNONE AT PRESENTSubmissionDeadlinesTxt
Restrictions On AwardsNONE AT PRESENTRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line1RecipientForeignAddress/AddressLine1TxtCityRecipientForeignAddress/CityNmCountryRecipientForeignAddress/CountryCdForeign PostalRecipientForeignAddress/ForeignPostalCd
ALEXANDER VAN GERWEN
23055 SHERMAN WAY NO 4451WEST HILLSCA91307NONEIEDUCATION$2,000
AUDREY VAN GERWEN
23055 SHERMAN WAY NO 4451WEST HILLSCA91307NONEIEDUCATION$2,000
SELINA SONG
4319 CAROL AVENUEFREMONTCA94538NONEIEDUCATION$8,000
SAMUEL WANG
7200 BARK LANE NO 26SAN JOSECA95129NONEIEDUCATION$3,000
STEVEN WANG
7200 BARK LANE NO 26SAN JOSECA95129NONEIEDUCATION$1,000
ZIQING ZHOU680
NONEIEDUCATION$7,000680 SPRINGTHORNE CRESRICHMONDCAV7E1Z7
DAISY ZENG
1094 MOUNTAIN SHADOWS RDDSAN JOSECA95120NONEIEDUCATION$500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$23,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Other Investment Income OtherInvestmentIncomeGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$445UnrelatedBusinessTaxblIncmAmt

Gross Profit Loss Sls Of Invntry GrossProfitLossSlsOfInvntryGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$20,799UnrelatedBusinessTaxblIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$21,244UnrelatedBusinessTaxblIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$21,244TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (7 entries)

Line NumberLineNumberTxtRelationship StatementRelationshipStatementTxt
1THE MISSION OF THE FOUNDATION IS TO PROVIDE EDUCATIONAL RESOURCES TO ACADEMIC
2INSTITUTIONS. IN FISCAL YEAR 2022, RESOURCES WERE FOCUSED ON SHOLARSHIP AWARDS
3TO ACADEMICALLY EXCEL STUDENTS. TOTAL SCHOLARSHIP AMOUNT AWARDED IN 2022 WERE 23500.
4THE FOUNDATION DISTRIBUTES EDUCATIONAL SOFTWARES AT AFFORDABLE PRICE TO ALL
5INTERESTED STUDENTS, INCLUDING LESS PRIVILEGED ONES. FOR STUDENTS WHO COULD NOT
6AFFORD, THE FOUNDATION HAS PROVIDED THE LEARNING SOFTWARE AT BELOW COST OR FREE.
7THE FOUNDATION ALSO PROVIDES FREE TUTORING SERVICES TO STUDENTS.

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTAX PREPARATIONCategoryTxt
Amt$420Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
ZOOM MEETIN FEES$267
FILING FEE WITH CA SOS$50
GIFTS TO VOLUNTEER$1,110
POSTAGE$2

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescINVENTORY ADJUSTMENTDesc
Amt$4,576Amt

Sales Of Inventory List SalesOfInventoryList

Inventory Sale InventorySaleGrp

FieldValueIRS element (for citing)
CategoryEDUCATION SOFTWARESCategoryTxt
Gross Sales$82,765GrossSalesAmt
Cost Of Goods Sold$61,966CostOfGoodsSoldAmt
Net$20,799NetAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL TAXCategoryTxt
Amt$6Amt

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