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LANG & SUN FAMILY FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
LANG & SUN FAMILY FOUNDATION (EIN 45-4084644)
Tax period
2021-12-01 to 2022-11-30
Filed
2023-02-02
IRS object ID
202300339349100015
Schema version
2021v4.1
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)
Return2023-02-02T10:04:38-08:00ReturnTs
Tax Period End2022-11-30TaxPeriodEndDt

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 Begin2021-12-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN454084644EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LANG & SUN FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLANGBusinessNameControlTxt
Phone4084823371PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line121950 LINDY LNAddressLine1Txt
CityCUPERTINOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95014ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGRACE SUNPersonNm
Person TitleSecretary & CFOPersonTitleTxt
Signature2023-02-02SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstGRACEPersonFirstNm
Person LastSUNPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSHUANG MAOPreparerPersonNm
PTINP00660082PTIN
Phone4083929977PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-03-07 01:45:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$216,937FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$400ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$1,260DividendsRevAndExpnssAmt
Dividends Net Invst Incm$1,260DividendsNetInvstIncmAmt
Dividends Adj Net Incm$1,260DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$2,470NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$6,037GrossSalesPriceAmt
Total Rev And Expnss-$810TotalRevAndExpnssAmt
Total Net Invst Incm$1,260TotalNetInvstIncmAmt
Total Adj Net Incm$1,260TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,063AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$1,063AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$34TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$34TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$461DeprecAndDpltnRevAndExpnssAmt
Other Expenses Rev And Expnss$290OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$290OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$1,848TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,387TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$380ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$380ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$2,228TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$1,767TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$3,038ExcessRevenueOverExpensesAmt
Net Investment Income$1,260NetInvestmentIncomeAmt
Adjusted Net Income$1,260AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$16,288CashBOYAmt
Cash EOY$7,250CashEOYAmt
Cash EOYFMV$7,250CashEOYFMVAmt
Corporate Stock BOY$145,649CorporateStockBOYAmt
Corporate Stock EOY$137,142CorporateStockEOYAmt
Corporate Stock EOYFMV$57,486CorporateStockEOYFMVAmt
Other Investments BOY$152,121OtherInvestmentsBOYAmt
Other Investments EOY$152,121OtherInvestmentsEOYAmt
Other Investments EOYFMV$152,121OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$5,181LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$4,952LandBldgEquipAccumDeprecAmt
Land BOY$690LandBOYAmt
Land EOY$229LandEOYAmt
Land EOYFMV$80LandEOYFMVAmt
Total Assets BOY$314,748TotalAssetsBOYAmt
Total Assets EOY$296,742TotalAssetsEOYAmt
Total Assets EOYFMV$216,937TotalAssetsEOYFMVAmt
Other Liabilities BOY$20,066OtherLiabilitiesBOYAmt
Other Liabilities EOY$5,098OtherLiabilitiesEOYAmt
Total Liabilities BOY$20,066TotalLiabilitiesBOYAmt
Total Liabilities EOY$5,098TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$294,682RetainedEarningBOYAmt
Retained Earning EOY$291,644RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$294,682TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$291,644TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$314,748TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$296,742TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$294,682TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$3,038ExcessRevenueOverExpensesAmt
Subtotal$291,644SubtotalAmt
Tot Net Ast Or Fund Balances EOY$291,644TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyFidelity - 6159PropertyDesc
How AcquiredPHowAcquiredCd
Acquired2021-12-01AcquiredDt
Sold2021-12-01SoldDt
Gross Sales Price$6,037GrossSalesPriceAmt
Cost Or Other Basis$8,507CostOrOtherBasisAmt
Gain Or Loss-$2,470GainOrLossAmt
Gains Minus Excess Or Losses-$2,470GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income-$2,470CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$2,470NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$18InvestmentIncomeExciseTaxAmt
Subtotal$18SubtotalAmt
Tax Based On Investment Income$18TaxBasedOnInvestmentIncomeAmt
Exempt Frgn Org Tax Wthld At Srce$34ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$34TotalPaymentsAndCreditsAmt
Overpayment$16OverpaymentAmt
Applied To ES Tax$16AppliedToESTaxAmt

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 ContributorsfalseNewSubstantialContributorsInd
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 Line1GRACE SUNBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4084823371PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line121950 LINDY LNAddressLine1Txt
CityCUPERTINOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95014ZIPCd
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
CHI-I LANG
21950 LINDY LNCUPERTINOCA95014President & CEO2.00$0
GRACE SUN
21950 LINDY LNCUPERTINOCA95014Secretary & CFO2.00$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$100,464AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$155,224AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$255,688TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$255,688AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$3,835CashDeemedCharitableAmt
Net Vl Noncharitable Assets$251,853NetVlNoncharitableAssetsAmt
Minimum Investment Return$12,593MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$12,593MinimumInvestmentReturnAmt
Tax Based On Investment Income$18TaxBasedOnInvestmentIncomeAmt
Total Tax$18TotalTaxAmt
Distributable Before Adj$12,575DistributableBeforeAdjAmt
Distributable Before Ded$12,575DistributableBeforeDedAmt
Distributable As Adjusted$12,575DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,767ExpensesAndContributionsAmt
Qualifying Distributions$1,767QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$12,575DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$13,065ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$26,573ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$39,638TotalExcessDistributionCyovAmt
Qualifying Distributions$1,767QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$1,767AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$10,808ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$10,808ExcessDistributionCyovAppCYAmt
Total Corpus$28,830TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$28,830ExcessDistriCyovToNextYrAmt
Excess From Year2$2,257ExcessFromYear2Amt
Excess From Year1$26,573ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerCHI-I LANGContributingManagerNm
Contributing ManagerGRACE SUNContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Air1 Worship Now
PO Box 2118OmahaNE68103DonationPCTo create compelling media that inspires and encourages you to have a meaningful relationship with Christ.$180
River of Life Christian Church
1177 Laurelwood RdSanta ClaraCA95054DonationPCTo glorify the Lord Jesus Christ and implement Christ's work of redeeming the lost and empowering the believer for godly living and service.$200
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$380TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1,260RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$2,470RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$1,210RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$1,210TotalIncomeProducingActyAmt

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)
CategoryAccounting FeesCategoryTxt
Amt$1,063Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,063DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (4 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtRtRtCurrent Year ExpenseCurrentYearExpenseAmt
APPLE2021-06-28$429$143200DB0.4445$191
APPLE2021-06-28$130$43200DB0.4445$58
APPLE2021-06-28$173$58200DB0.4445$77
APPLE2021-07-02$303$101200DB0.4445$135

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockFidelity-6159StockNm
EOY Book Value$137,142EOYBookValueAmt
EOYFMV$57,486EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemJackson National Life - AnnuityCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$152,121BookValueAmt
EOYFMV$152,121EOYFMVAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemMachinery and EquipmentCategoryOrItemTxt
Cost Or Other Basis$5,181CostOrOtherBasisAmt
Accumulated Depreciation$4,952AccumulatedDepreciationAmt
Book Value$229BookValueAmt
EOYFMV$80EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Bank Service Charges$117$117
Computer and Internet Expense$60$60
Filing Fees$25$25
Office Supplies$88$88

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail (2 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmt
Credit Cards$14,525$5,098
Payroll Liabilities$5,541

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryForeign Tax WithheldCategoryTxt
Amt$34Amt
Disbursements Charitable Prps$34DisbursementsCharitablePrpsAmt

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