WANGSONG FAMILY FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
WANGSONG FAMILY FOUNDATION (EIN 46-1586372)
Tax period
2021-11-01 to 2022-10-31
Filed
2023-03-13
IRS object ID
202300729349101220
Schema version
2021v4.2
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)
Return2023-03-13T05:57:47-00:00ReturnTs
Tax Period End2022-10-31TaxPeriodEndDt
Return Type990PFReturnTypeCd
Tax Period Begin2021-11-01TaxPeriodBeginDt

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
Phone4082129778PhoneNum

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 TitleCHIEF FINANCIAL OFFICERPersonTitleTxt
Phone4082129778PhoneNum
Signature2023-03-13SignatureDt
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 LEEPreparerPersonNm
PTINP00269636PTIN
Phone7075295480PhoneNum
Preparation2023-03-13PreparationDt
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)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$242,830FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Interest On Sav Rev And Expnss$416InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$416InterestOnSavNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Gross Sales Less Ret And Allwnc$80,376GrossSalesLessRetAndAllwncAmt
Cost Of Goods Sold$61,985CostOfGoodsSoldAmt
Gross Profit Rev And Expnss$18,391GrossProfitRevAndExpnssAmt
Total Rev And Expnss$18,807TotalRevAndExpnssAmt
Total Net Invst Incm$416TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$390AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$6TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$114OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$510TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$30,188ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$30,188ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$30,698TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$30,188TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$11,891ExcessRevenueOverExpensesAmt
Net Investment Income$416NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$24,976CashBOYAmt
Cash EOY$30,898CashEOYAmt
Cash EOYFMV$30,898CashEOYFMVAmt
Sav And Temp Cash Invst BOY$211,509SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$211,932SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$211,932SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl BOY$18,000AcctRcvblBOYAmt
Inventories BOY$14,600InventoriesBOYAmt
Inventories EOY$14,364InventoriesEOYAmt
Total Assets BOY$269,085TotalAssetsBOYAmt
Total Assets EOY$257,194TotalAssetsEOYAmt
Total Assets EOYFMV$242,830TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$269,085NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$257,194NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$269,085TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$257,194TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$269,085TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$257,194TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$269,085TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$11,891ExcessRevenueOverExpensesAmt
Subtotal$257,194SubtotalAmt
Tot Net Ast Or Fund Balances EOY$257,194TotNetAstOrFundBalancesEOYAmt

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
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
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

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1SCHOLARSHIP SCHOLARSHIP AWARD TO ACADEMIC EXCELLENT STUDENTSDescription1Txt
Expenses1$11,000Expenses1Amt
Description2LIVE OAK ACADEMY AND SUMMIT DENALI SCHOOL CONTRIBUTION TO SUPPORT SCHOOL ACTIVITIES.Description2Txt
Expenses2$4,400Expenses2Amt
Description3LELAND STANFORD JR UNIVERSITY CONTRIBUTION FOR PURPOSE OF SUPPORTING HIGHER EDUCATION.Description3Txt
Expenses3$12,888Expenses3Amt
Description4IRVINGTON HIGH SCHOOL AND FREMONT USD CONTRIBUTION TO SUPPORT SCHOOL ACTIIVITIESDescription4Txt
Expenses4$1,900Expenses4Amt

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$270,978AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$270,978TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$270,978AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$4,065CashDeemedCharitableAmt
Net Vl Noncharitable Assets$266,913NetVlNoncharitableAssetsAmt
Minimum Investment Return$13,346MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$13,346MinimumInvestmentReturnAmt
Tax Based On Investment Income$6TaxBasedOnInvestmentIncomeAmt
Total Tax$6TotalTaxAmt
Distributable Before Adj$13,340DistributableBeforeAdjAmt
Distributable Before Ded$13,340DistributableBeforeDedAmt
Distributable As Adjusted$13,340DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$30,188ExpensesAndContributionsAmt
Qualifying Distributions$30,188QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$13,340DistributableAsAdjustedAmt
Undistributed Income PY$8,744UndistributedIncomePYAmt
Qualifying Distributions$30,188QualifyingDistributionsAmt
Applied To Year1$8,744AppliedToYear1Amt
Applied To Current Year$13,340AppliedToCurrentYearAmt
Remaining Distri From Corpus$8,104RemainingDistriFromCorpusAmt
Total Corpus$8,104TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$8,104ExcessDistriCyovToNextYrAmt
Excess From Current Year$8,104ExcessFromCurrentYearAmt

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 PurposeGrantOrContributionPurposeTxtAmtAmt
LELAND STANFORD JR UNIVERSITY
369 NORTH SOUTH AXISPALO ALTOCA94305NONENCEDUCATIONAL$12,888
FREMON UNIFIED SCHOOL DISTRICT
4210 TECHNOLOGY DRIVEFREMONTCA94538NONENCEDUCATIONAL$500
IRVINGTON HIGH SCHOOL
41800 BLACOW RDFREMONTCA94538NONENCEDUCATIONAL$1,200
IRVINGTON HIGH SCHOOL MATH CLUB
41800 BLACOW RDFREMONTCA94538NONENCEDUCATIONAL$200
LIVE OAK ACADEMY
1505 EAST MAIN AVENUEMORGAN HILLCA95037NONENCEUDCATIONAL$2,000
SUMMIT DENALI PUBLIC SCHOOL
539 E WEDDELL DRIVESUNNYVALECA94089NONENCEUDCATIONAL$2,400
SCHOLARSHIP AWARDS TO INDIVIDUALS
VARIOUSVARIOUSCA95133NONEIEDUCATIONAL$11,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$30,188TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$416RelatedOrExemptFunctionIncmAmt

Gross Profit Loss Sls Of Invntry GrossProfitLossSlsOfInvntryGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$18,391UnrelatedBusinessTaxblIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$18,391UnrelatedBusinessTaxblIncmAmt
Related Or Exempt Function Incm$416RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$18,807TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (8 entries)

Line NumberLineNumberTxtRelationship StatementRelationshipStatementTxt
1THE MISSION OF THE FOUNDATION IS TO PROVIDE EDUCATIONAL RESOURCES TO ACADEMIC
2INSTITUTIONS. IN FISCAL YEAR 2021, IT DONATED 6,300 TO K-12 LEVEL SCHOOLS TO SUPPORT THEIR
3ACADEMIC PROGRAMS. IN ADDITION IT ALSO DONATED 12,888 TO STANFORD UNIV FOR THE SAME PURPOSE.
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. IN ADDITION, IT AWARED
8SCHOLARSHIP OF 11,000 TO STUDENTS WITH EXCELLENT ACADEMIC PERFORMANCE IN FISCAL 2021.

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$390Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
ZOOM MEETIN FEE$94
FILING FEE WITH CA SOS$20

Sales Of Inventory List SalesOfInventoryList

Inventory Sale InventorySaleGrp

FieldValueIRS element (for citing)
Gross Sales$80,376GrossSalesAmt
Cost Of Goods Sold$61,985CostOfGoodsSoldAmt
Net$18,391NetAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

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

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