PTL FAMILY FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: PTL FAMILY FOUNDATION (EIN 47-3075911)
Tax period: 2023-02-01 to 2024-01-31
Filed: 2024-09-14
IRS object ID: 202442589349100254
Schema version: 2023v5.1
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
Other Expenses Schedule
Other Increases Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-09-14T13:22:58-07:00	ReturnTs
Tax Period End	2024-01-31	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	2023-02-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	473075911	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	PTL FAMILY FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	PTLF	BusinessNameControlTxt
Phone	4087412263	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1491 TOPAR AVE	AddressLine1Txt
City	LOS ALTOS	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94024	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	TA-HSIN DAVID LIU	PersonNm
Person Title	Secretary	PersonTitleTxt
Signature	2024-09-14	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

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

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2024-08-08 14:25:15Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$52,029	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	$154	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$154	DividendsNetInvstIncmAmt
Dividends Adj Net Incm	$154	DividendsAdjNetIncmAmt
Total Rev And Expnss	$154	TotalRevAndExpnssAmt
Total Net Invst Incm	$154	TotalNetInvstIncmAmt
Total Adj Net Incm	$154	TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss	$990	AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps	$990	AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss	$1	TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl	$1	TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss	$217	OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl	$217	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$1,208	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$1,208	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$1,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$1,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$2,208	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$2,208	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$2,054	ExcessRevenueOverExpensesAmt
Net Investment Income	$154	NetInvestmentIncomeAmt
Adjusted Net Income	$154	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$43,177	CashBOYAmt
Cash EOY	$41,123	CashEOYAmt
Cash EOYFMV	$41,123	CashEOYFMVAmt
Corporate Stock EOY	$11,340	CorporateStockEOYAmt
Corporate Stock EOYFMV	$10,906	CorporateStockEOYFMVAmt
Total Assets BOY	$43,177	TotalAssetsBOYAmt
Total Assets EOY	$52,463	TotalAssetsEOYAmt
Total Assets EOYFMV	$52,029	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Retained Earning BOY	$43,177	RetainedEarningBOYAmt
Retained Earning EOY	$52,463	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$43,177	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$52,463	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$43,177	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$52,463	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$43,177	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$2,054	ExcessRevenueOverExpensesAmt
Other Increases	$11,340	OtherIncreasesAmt
Subtotal	$52,463	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$52,463	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$2	InvestmentIncomeExciseTaxAmt
Subtotal	$2	SubtotalAmt
Tax Based On Investment Income	$2	TaxBasedOnInvestmentIncomeAmt
Tax Due	$2	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	PYNG-ING LIU	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	4087412263	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	1491 TOPAR AVE	AddressLine1Txt
City	LOS ALTOS	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94024	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 (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt
PYNG-ING LIU
1491 TOPAR AVE	LOS ALTOS	CA	94024	President & CEO	1.00	$0
TA-HSIN DAVID LIU
1491 TOPAR AVE	LOS ALTOS	CA	94024	Secretary	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	$13,391	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$42,984	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$56,375	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast	$56,375	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$846	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$55,529	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$2,776	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$2,776	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$2	TaxBasedOnInvestmentIncomeAmt
Total Tax	$2	TotalTaxAmt
Distributable Before Adj	$2,774	DistributableBeforeAdjAmt
Distributable Before Ded	$2,774	DistributableBeforeDedAmt
Distributable As Adjusted	$2,774	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$2,208	ExpensesAndContributionsAmt
Qualifying Distributions	$2,208	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$2,774	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5	$1,765	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr3	$2,418	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr1	$159	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$4,342	TotalExcessDistributionCyovAmt
Qualifying Distributions	$2,208	QualifyingDistributionsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$2,208	AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus	$566	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$566	ExcessDistributionCyovAppCYAmt
Total Corpus	$3,776	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$1,199	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$2,577	ExcessDistriCyovToNextYrAmt
Excess From Year3	$2,418	ExcessFromYear3Amt
Excess From Year1	$159	ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	PYNG-ING LIU	ContributingManagerNm
Contributing Manager	TA-HSIN DAVID LIU	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Field	Value	IRS element (for citing)
Recipient Person	TianLu Music	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	20548 Lomita Ave	AddressLine1Txt
City	Saratoga	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	95070	ZIPCd

Field	Value	IRS element (for citing)
Recipient Relationship	Donation	RecipientRelationshipTxt
Recipient Foundation Status	PC	RecipientFoundationStatusTxt
Grant Or Contribution Purpose	To cooperate with churches, serve the community, and spread Christ. It cooperates with all churches to present wonderful music appreciation gospel evenings for churches and surrounding communities, and share the power of God in these works.	GrantOrContributionPurposeTxt
Amt	$1,000	Amt

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$1,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$154	RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$154	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$154	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 Fee	CategoryTxt
Amt	$990	Amt
Net Investment Income	$0	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$990	DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Field	Value	IRS element (for citing)
Stock	Charles Schwab - 0370	StockNm
EOY Book Value	$11,340	EOYBookValueAmt
EOYFMV	$10,906	EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Bank Service Charges	$192	$192
Filing Fee	$25	$25

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Field	Value	IRS element (for citing)
Desc	Adj. 2021 Stock Cost	Desc
Amt	$11,340	Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	Income Tax	CategoryTxt
Amt	$1	Amt
Disbursements Charitable Prps	$1	DisbursementsCharitablePrpsAmt

PTL FAMILY FOUNDATION: Form 990PF, tax year 2023

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

Preparer Person PreparerPersonGrp

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 (2 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

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

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