LI & YE FAMILY FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
LI & YE FAMILY FOUNDATION (EIN 87-1849249)
Tax period
2023-07-01 to 2024-06-30
Filed
2024-10-13
IRS object ID
202422879349100302
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 ReturnHeader

FieldValueIRS element (for citing)
Return2024-10-13T12:06:58-07:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN263000418PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ABEST TAX SERVICES INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11621A S MAIN STAddressLine1Txt
CityMILPITASCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95035ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN871849249EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LI & YE FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLI&YBusinessNameControlTxt
Phone6504769354PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14603 BORINA DRAddressLine1Txt
CitySAN JOSECityNm
State AbbreviationCAStateAbbreviationCd
ZIP95129ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHAOPENG LIPersonNm
Person TitleCEOPersonTitleTxt
Signature2024-10-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSHUANG MAOPreparerPersonNm
PTINP00660082PTIN
Phone4083929977PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$442,376FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$32,540ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$4,996DividendsRevAndExpnssAmt
Dividends Net Invst Incm$4,996DividendsNetInvstIncmAmt
Dividends Adj Net Incm$4,996DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$9,267NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$12,275GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$9,267CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$9,267NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$46,803TotalRevAndExpnssAmt
Total Net Invst Incm$14,263TotalNetInvstIncmAmt
Total Adj Net Incm$14,263TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,970AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$1,970AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$79TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$79TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$347DeprecAndDpltnRevAndExpnssAmt
Trav Conf Meeting Rev And Expnss$173TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$173TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$2,174OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$2,174OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$4,743TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$4,396TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$3,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$3,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$7,743TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$7,396TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$39,060ExcessRevenueOverExpensesAmt
Net Investment Income$14,263NetInvestmentIncomeAmt
Adjusted Net Income$14,263AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$2,150CashBOYAmt
Cash EOY$12,044CashEOYAmt
Cash EOYFMV$12,044CashEOYFMVAmt
Acct Rcvbl BOY$18AcctRcvblBOYAmt
Corporate Stock BOY$41,171CorporateStockBOYAmt
Corporate Stock EOY$70,702CorporateStockEOYAmt
Corporate Stock EOYFMV$430,282CorporateStockEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$1,042LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$868LandBldgEquipAccumDeprecAmt
Land BOY$521LandBOYAmt
Land EOY$174LandEOYAmt
Land EOYFMV$50LandEOYFMVAmt
Total Assets BOY$43,860TotalAssetsBOYAmt
Total Assets EOY$82,920TotalAssetsEOYAmt
Total Assets EOYFMV$442,376TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$43,860RetainedEarningBOYAmt
Retained Earning EOY$82,920RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$43,860TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$82,920TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$43,860TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$82,920TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$43,860TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$39,060ExcessRevenueOverExpensesAmt
Subtotal$82,920SubtotalAmt
Tot Net Ast Or Fund Balances EOY$82,920TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyCharles Schwab - 0674PropertyDesc
How AcquiredPHowAcquiredCd
Acquired2023-12-01AcquiredDt
Sold2023-12-01SoldDt
Gross Sales Price$12,275GrossSalesPriceAmt
Cost Or Other Basis$3,008CostOrOtherBasisAmt
Gain Or Loss$9,267GainOrLossAmt
Gains Minus Excess Or Losses$9,267GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$9,267CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$9,267NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$198InvestmentIncomeExciseTaxAmt
Subtotal$198SubtotalAmt
Tax Based On Investment Income$198TaxBasedOnInvestmentIncomeAmt
Tax Due$198TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

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 FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1HAOPENG LIBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6504769354PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14603 BORINA DRAddressLine1Txt
CitySAN JOSECityNm
State AbbreviationCAStateAbbreviationCd
ZIP95129ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
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
HAOPENG LI
4603 BORINA DRSAN JOSECA95129CEO1.00$0
HENG YE
4603 BORINA DRSAN JOSECA95129Secretary1.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$259,019AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$6,981AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$266,000TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$266,000AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$3,990CashDeemedCharitableAmt
Net Vl Noncharitable Assets$262,010NetVlNoncharitableAssetsAmt
Minimum Investment Return$13,101MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$13,101MinimumInvestmentReturnAmt
Tax Based On Investment Income$198TaxBasedOnInvestmentIncomeAmt
Total Tax$198TotalTaxAmt
Distributable Before Adj$12,903DistributableBeforeAdjAmt
Distributable Before Ded$12,903DistributableBeforeDedAmt
Distributable As Adjusted$12,903DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$7,396ExpensesAndContributionsAmt
Qualifying Distributions$7,396QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$12,903DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$2,398ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$2,398TotalExcessDistributionCyovAmt
Qualifying Distributions$7,396QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$7,396AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$2,398ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$2,398ExcessDistributionCyovAppCYAmt
Undistributed Income CY$3,109UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerHAOPENG LIContributingManagerNm
Contributing ManagerHENG YEContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
California Academy Of Sciences
55 Music Concourse DrSan FranciscoCA94118DonationPCTo regenerate the natural world through science, learning, and collaboration.$1,500
Happy Hollow Park Zoo
748 Story RdSan JoseCA95112DonationPCTo connect people to nature through play.$1,000
Monterey Bay Aquarium
886 Cannery RowMontereyCA93940DonationPCTo inspire conservation of the ocean. A leader in ocean conservation and education, the Monterey Bay Aquarium is considered by many to be the best in the world. Behind that reputation is a fantastic staff with remarkably diverse skills, all dedicated to earning and keeping that honor. Here are just a few.$500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$3,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$4,996RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$9,267RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$14,263RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$14,263TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonHAOPENG LI AND HENG YEContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line14603 BORINA DRAddressLine1Txt
CitySAN JOSECityNm
State AbbreviationCAStateAbbreviationCd
ZIP95129ZIPCd
FieldValueIRS element (for citing)
Total Contributions$98,353TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property114 SH AVGO STOCK TRADED ON NASDAQNoncashPropertyDesc
Fair Market Value$98,353FairMarketValueAmt
Received2023-12-18ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryAccounting FeesCategoryTxt
Amt$1,970Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,970DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp

FieldValueIRS element (for citing)
PropertyCOMPUTERPropertyDesc
Acquired2021-07-21AcquiredDt
Cost Or Other Basis$1,042CostOrOtherBasisAmt
Prior Year Depreciation$521PriorYearDepreciationAmt
Computation MethodSLComputationMethodTxt
Rt0.3333Rt
Current Year Expense$347CurrentYearExpenseAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockCharles Schwab - 0674StockNm
EOY Book Value$70,702EOYBookValueAmt
EOYFMV$430,282EOYFMVAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemMachinery and EquipmentCategoryOrItemTxt
Cost Or Other Basis$1,042CostOrOtherBasisAmt
Accumulated Depreciation$868AccumulatedDepreciationAmt
Book Value$174BookValueAmt
EOYFMV$50EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Automobile Expense$18$18
Dues and Subscriptions$135$135
Filing Expense$25$25
Meals and Entertainment$183$183
Office Expense$1,026$1,026
Office Supplies$710$710
Parking and Toll$20$20
Postage Expense$57$57

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonHAOPENG LI AND HENG YEPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line14603 BORINA DRAddressLine1Txt
CitySAN JOSECityNm
State AbbreviationCAStateAbbreviationCd
ZIP95129ZIPCd

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryIncome tax - IRSCategoryTxt
Amt$79Amt
Disbursements Charitable Prps$79DisbursementsCharitablePrpsAmt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.