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ZHUANG & CHEN FAMILY FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
ZHUANG & CHEN FAMILY FOUNDATION (EIN 85-3796464)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-05-15
IRS object ID
202321359349102427
Schema version
2022v5.0
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)
Return2023-05-15T11:37:25-04:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN813849699PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CHEN CPA INC APACBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1980 ROOSEVELT STE 240AddressLine1Txt
CityIrvineCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92620ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN853796464EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ZHUANG & CHEN FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlZHUABusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1201AddressLine1Txt
CityNEWARKCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94560ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonYAN ZHUANGPersonNm
Person TitleCEOPersonTitleTxt
Phone2139053692PhoneNum
Signature2023-05-08SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstYANPersonFirstNm
Person LastZHUANGPersonLastNm

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonFEI CHEN CPAPreparerPersonNm
PTINP01824275PTIN
Phone6576993009PhoneNum
Preparation2023-05-15PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
OOB Security Verification11OOBSecurityVerificationCd
Authentication Assurance LevelAAL2AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Name ChangeYes (X)NameChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$349,659FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$107,888ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$300InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$300InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$1,019DividendsRevAndExpnssAmt
Dividends Net Invst Incm$1,019DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$10,062NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$141,226GrossSalesPriceAmt
Total Rev And Expnss$99,145TotalRevAndExpnssAmt
Total Net Invst Incm$1,319TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$5,330AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$5,330AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$18TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$903OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$903OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$6,251TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$6,233TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,805ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,805ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$8,056TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$8,038TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$91,089ExcessRevenueOverExpensesAmt
Net Investment Income$1,319NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$47,148CashBOYAmt
Cash EOY$263,668CashEOYAmt
Cash EOYFMV$263,668CashEOYFMVAmt
Corporate Stock BOY$212,568CorporateStockBOYAmt
Corporate Stock EOY$83,448CorporateStockEOYAmt
Corporate Stock EOYFMV$85,991CorporateStockEOYFMVAmt
Total Assets BOY$259,716TotalAssetsBOYAmt
Total Assets EOY$347,116TotalAssetsEOYAmt
Total Assets EOYFMV$349,659TotalAssetsEOYFMVAmt
Accounts Payable BOY$302AccountsPayableBOYAmt
Accounts Payable EOY$18AccountsPayableEOYAmt
Total Liabilities BOY$302TotalLiabilitiesBOYAmt
Total Liabilities EOY$18TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$259,414RetainedEarningBOYAmt
Retained Earning EOY$347,098RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$259,414TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$347,098TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$259,716TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$347,116TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$259,414TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$91,089ExcessRevenueOverExpensesAmt
Subtotal$350,503SubtotalAmt
Other Decreases$3,405OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$347,098TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
PUBLIC TRADED SECURITIESD2022-01-012022-12-31$33,802$47,231-$13,429-$13,429
PUBLIC TRADED SECURITIESD2021-12-302022-12-31$107,424$104,057$3,367$3,367
FieldValueIRS element (for citing)
Capital Gain Net Income-$10,062CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$13,429NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$18InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$18SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$18TaxBasedOnInvestmentIncomeAmt
Tax Due$18TaxDueAmt

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
Individual With BooksYAN ZHUANGIndividualWithBooksNm
Phone2139053692PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1201AddressLine1Txt
CityNEWARKCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94560ZIPCd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
YAN ZHUANG
PO BOX 1201NEWARKCA94560CEO2.00$0$0$0
HETIAN CHEN
PO BOX 1201NEWARKCA94560SECRETARY2.00$0$0$0
YAMIN LU
PO BOX 1201NEWARKCA94560DIRECTOR1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$144,962AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$136,759AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$281,721TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$281,721AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$281,721NetVlNoncharitableAssetsAmt
Minimum Investment Return$14,086MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$14,086MinimumInvestmentReturnAmt
Tax Based On Investment Income$18TaxBasedOnInvestmentIncomeAmt
Total Tax$18TotalTaxAmt
Distributable Before Adj$14,068DistributableBeforeAdjAmt
Distributable Before Ded$14,068DistributableBeforeDedAmt
Distributable As Adjusted$14,068DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$8,038ExpensesAndContributionsAmt
Qualifying Distributions$8,038QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$14,068DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$2,839ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$2,839TotalExcessDistributionCyovAmt
Qualifying Distributions$8,038QualifyingDistributionsAmt
Applied To Current Year$8,038AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$2,839ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$2,839ExcessDistributionCyovAppCYAmt
Undistributed Income CY$3,191UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CHILDRENS DISCOVERY MUSEUM OF SJ
180 WOZ WAYSAN JOSECA95110PCSUPPORT OUR LOCAL MUSEUMS$600
OAKLAND ZOO
9777 GOLF LINKS RDOAKLANDCA94605PCSUPPORT OUR LOCAL EDUCATIONAL FACILITIES$1,000
FREMONT CHRISTIAN SCHOOL
4760 THORNTON AVEFREMONTCA94536PCSUPPORT OUR LOCAL FACILITIES$205
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,805TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$300ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,019ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$1,319ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,319TotalIncomeProducingActyAmt

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 (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionIndNoncash ContributionNoncashContributionInd
YAN ZHUANG
139438 HUMPBACK WHALE RDNEWARKCA94560$53,944Yes (X)Yes (X)
HETIAN CHEN
239438 HUMPBACK WHALE RDNEWARKCA94560$53,944Yes (X)Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmtReceivedReceivedDt
1PUBLIC TRADED SECURITIES$12,4442022-12-06
2PUBLIC TRADED SECURITIES$12,4442022-12-06

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING AND PROFESSIONALFEECategoryTxt
Amt$5,330Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$5,330DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockVARIOUS PUBLICLY TRADED SECURIStockNm
EOY Book Value$83,448EOYBookValueAmt
EOYFMV$85,991EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescUNREALIZED GAIN FROM DONORDesc
Amt$3,405Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
BUSINESS REGISTRATION FEE$95$0$0$95
SUPPLIES$808$0$0$808

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCd
YAN ZHUANG
39438 HUMPBACK WHALE RDNEWARKCA94560
HETIAN CHEN
39438 HUMPBACK WHALE RDNEWARKCA94560

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryNET INVESTMENT TAXESCategoryTxt
Amt$18Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

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