AMERICAN MAGANG ASSOCIATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: AMERICAN MAGANG ASSOCIATION (EIN 83-3909484)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-11-07
IRS object ID: 202443129349100739
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
Other Expenses Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-11-07T09:08:33-08:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	954458188	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	RACHEL LIANG TAN CPA INC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	20678 CARREY ROAD	AddressLine1Txt
City	WALNUT	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	91789	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	833909484	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	AMERICAN MAGANG ASSOCIATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	AMER	BusinessNameControlTxt
Phone	9096326689	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	14328 LOMITAS AVENUE	AddressLine1Txt
City	CITY OF INDUSTRY	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	91746	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	SAM SAN WEI LIANG	PersonNm
Person Title	SECRETARY	PersonTitleTxt
Phone	9096326689	PhoneNum
Signature	2024-04-30	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	RACHEL LIANG-TAN CPA	PreparerPersonNm
PTIN	P00290052	PTIN
Phone	6268546588	PhoneNum
Preparation	2024-11-05	PreparationDt

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2024-10-15 13:58:12Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$171,585	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
Interest On Sav Rev And Expnss	$7,500	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$7,500	InterestOnSavNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm	$0	CapGainNetIncmNetInvstIncmAmt
Gross Profit Rev And Expnss	$0	GrossProfitRevAndExpnssAmt
Other Income Rev And Expnss	$0	OtherIncomeRevAndExpnssAmt
Total Rev And Expnss	$7,500	TotalRevAndExpnssAmt
Total Net Invst Incm	$7,500	TotalNetInvstIncmAmt
Legal Fees Rev And Expnss	$0	LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss	$1,600	AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps	$1,600	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$0	OtherProfFeesRevAndExpnssAmt
Taxes Rev And Expnss	$0	TaxesRevAndExpnssAmt
Deprec And Dpltn Rev And Expnss	$0	DeprecAndDpltnRevAndExpnssAmt
Other Expenses Rev And Expnss	$33,166	OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl	$33,166	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$34,766	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$34,766	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$8,500	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$8,500	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$43,266	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$43,266	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$35,766	ExcessRevenueOverExpensesAmt
Net Investment Income	$7,500	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$97,351	CashBOYAmt
Cash EOY	$71,585	CashEOYAmt
Cash EOYFMV	$71,585	CashEOYFMVAmt
Rcvbl From Officers EOY	$0	RcvblFromOfficersEOYAmt
Other Nts And Loans Rcvbl BOY	$100,000	OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY	$100,000	OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV	$100,000	OtherNtsAndLoansRcvblEOYFMVAmt
Land Bldg Investments EOY	$0	LandBldgInvestmentsEOYAmt
Other Investments EOY	$0	OtherInvestmentsEOYAmt
Land EOY	$0	LandEOYAmt
Other Assets BOY	$0	OtherAssetsBOYAmt
Other Assets EOY	$0	OtherAssetsEOYAmt
Other Assets EOYFMV	$0	OtherAssetsEOYFMVAmt
Total Assets BOY	$197,351	TotalAssetsBOYAmt
Total Assets EOY	$171,585	TotalAssetsEOYAmt
Total Assets EOYFMV	$171,585	TotalAssetsEOYFMVAmt
Loans From Officers EOY	$0	LoansFromOfficersEOYAmt
Mortgages And Notes Payable EOY	$0	MortgagesAndNotesPayableEOYAmt
Other Liabilities BOY	$1,655	OtherLiabilitiesBOYAmt
Other Liabilities EOY	$11,655	OtherLiabilitiesEOYAmt
Total Liabilities BOY	$1,655	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$11,655	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Capital Stock BOY	$233,791	CapitalStockBOYAmt
Capital Stock EOY	$223,791	CapitalStockEOYAmt
Retained Earning BOY	-$38,095	RetainedEarningBOYAmt
Retained Earning EOY	-$63,861	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$195,696	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$159,930	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$197,351	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$171,585	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$195,696	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$35,766	ExcessRevenueOverExpensesAmt
Subtotal	$159,930	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$159,930	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$104	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$104	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$104	TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid	$250	ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits	$250	TotalPaymentsAndCreditsAmt
Original Return Overpayment	-$250	OriginalReturnOverpaymentAmt
Overpayment	$146	OverpaymentAmt
Applied To ES Tax	$146	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	false	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
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	RACHEL LIANG-TAN CPA INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	6268546588	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	20678 CARREY ROAD	AddressLine1Txt
City	WALNUT	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	91789	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
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

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	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
HUO YOU LIANG
14328 LOMITAS AVE	CITY OF INDUSTRY	CA	91746	CEO	5.00	$0	$0	$0
SAM SAN WEI LIANG
14328 LOMITAS AVE	CITY OF INDUSTRY	CA	91746	SECRETARY	5.00	$0	$0	$0
HUA GUI LIANG
14328 LOMITAS AVE	CITY OF INDUSTRY	CA	91746	CFO	5.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k	0	OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k	0	ContractorPaidOver50kCnt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$93,864	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$100,000	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$193,864	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast	$193,864	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$2,908	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$190,956	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$9,548	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$9,548	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$104	TaxBasedOnInvestmentIncomeAmt
Total Tax	$104	TotalTaxAmt
Distributable Before Adj	$9,444	DistributableBeforeAdjAmt
Distributable Before Ded	$9,444	DistributableBeforeDedAmt
Distributable As Adjusted	$9,444	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$43,266	ExpensesAndContributionsAmt
Qualifying Distributions	$43,266	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$9,444	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5	$0	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$11,642	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$27,242	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$1,618	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$783	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$41,285	TotalExcessDistributionCyovAmt
Qualifying Distributions	$43,266	QualifyingDistributionsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus	$43,266	RemainingDistriFromCorpusAmt
Total Corpus	$84,551	TotalCorpusAmt
Prior Year Undistributed Incm	$0	PriorYearUndistributedIncmAmt
Taxable1	$0	Taxable1Amt
Taxable2	$0	Taxable2Amt
Undistributed Income CY	$9,444	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$0	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$84,551	ExcessDistriCyovToNextYrAmt
Excess From Year4	$11,642	ExcessFromYear4Amt
Excess From Year3	$27,242	ExcessFromYear3Amt
Excess From Year2	$1,618	ExcessFromYear2Amt
Excess From Year1	$783	ExcessFromYear1Amt
Excess From Current Year	$43,266	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
CAUA
715 S LINCOLN AVE	MONTEREY PARK	CA	91755	501C	GENERAL SUPPORT	$2,500
JULIA YUANJUN LIANG
1226 S NANTES AVE	HACIENDA HEIGHS	CA	91745	INDIVUDUAL	GENERAL SUPPORT	$3,000
WEN JUN LIANG
5841 3/4 CAMELLIA AVE	TEMPLE CITY	CA	91780	INDIVIDUAL	GENREAL SUPPORT	$3,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$8,500	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Other Revenue Described OtherRevenueDescribedGrp

Field	Value	IRS element (for citing)
Desc	INTEREST ON LOAN	Desc
Business	901101	BusinessCd
Unrelated Business Taxbl Incm	$7,500	UnrelatedBusinessTaxblIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$7,500	UnrelatedBusinessTaxblIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$7,500	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

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
BANK CHARGES	$70	$70
FUNCTION EVENTS	$33,096	$33,096

AMERICAN MAGANG ASSOCIATION: 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 (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 (3 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Other Revenue Described OtherRevenueDescribedGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

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