KAHNG FOUNDATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- KAHNG FOUNDATION (EIN 74-2883492)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-10-11
- IRS object ID
- 202302849349101850
- 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
- Form 990-PF
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Corp Stock Schedule
- Investments Land Schedule2
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-10-11T22:00:10+00:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 350921680 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CROWE LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 575 Market Street Suite 3300 | AddressLine1Txt |
| City | San Francisco | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 941055829 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 742883492 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Kahng Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | KAHN | BusinessNameControlTxt |
| Phone | 2122423625 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 301 West Avenue 2206 | AddressLine1Txt |
| City | Austin | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78701 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Peter Kahng | PersonNm |
| Person Title | President | PersonTitleTxt |
| Signature | 2023-10-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Peter | PersonFirstNm |
| Person Last | Kahng | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DIANE KIRMACI | PreparerPersonNm |
| PTIN | P01578407 | PTIN |
| Phone | 4155761100 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $29,960,910 | 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 | $170 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $170 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $137,410 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $137,410 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $222,424 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $222,424 | GrossRentsNetInvstIncmAmt |
| Net Rental Income Or Loss | $194,599 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | $0 | NetGainSaleAstRevAndExpnssAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Gross Sales Less Ret And Allwnc | $0 | GrossSalesLessRetAndAllwncAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
| Gross Profit Rev And Expnss | $0 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | $0 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $0 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $360,004 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $360,004 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Legal Fees Rev And Expnss | $14,752 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $8,678 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $4,339 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $4,339 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $1,050 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $1,050 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $133,143 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $104,417 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $136,712 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $106,823 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $0 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $9,931 | OccupancyRevAndExpnssAmt |
| Trav Conf Meeting Rev And Expnss | $5,559 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $5,559 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $35,433 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $27,825 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $7,608 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $345,258 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $244,454 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $17,506 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,751,064 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,751,064 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,096,322 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $244,454 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,768,570 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,736,318 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $115,550 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $182,154 | CashBOYAmt |
| Cash EOY | $128,542 | CashEOYAmt |
| Cash EOYFMV | $128,542 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $296,188 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | -$1,253,587 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | -$1,235,587 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl BOY | $0 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $0 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $0 | AcctRcvblEOYFMVAmt |
| Pledges Rcvbl BOY | $0 | PledgesRcvblBOYAmt |
| Pledges Rcvbl EOY | $0 | PledgesRcvblEOYAmt |
| Pledges Rcvbl EOYFMV | $0 | PledgesRcvblEOYFMVAmt |
| Rcvbl From Officers BOY | $0 | RcvblFromOfficersBOYAmt |
| Rcvbl From Officers EOY | $0 | RcvblFromOfficersEOYAmt |
| Rcvbl From Officers EOYFMV | $0 | RcvblFromOfficersEOYFMVAmt |
| Other Nts And Loans Rcvbl | $0 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $0 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $0 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $0 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $2,000 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $11,156 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $11,156 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $0 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $0 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $0 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $1,133,293 | CorporateStockBOYAmt |
| Corporate Stock EOY | $1,133,293 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $26,947,383 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $0 | CorporateBondsBOYAmt |
| Corporate Bonds EOYFMV | $0 | CorporateBondsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $3,648,122 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $895,239 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $2,859,705 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $2,752,883 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $2,752,883 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $233,999 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $233,999 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $233,999 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $1,217,047 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $94,513 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $1,152,424 | LandBOYAmt |
| Land EOY | $1,122,534 | LandEOYAmt |
| Land EOYFMV | $1,122,534 | LandEOYFMVAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $5,859,763 | TotalAssetsBOYAmt |
| Total Assets EOY | $4,128,820 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $29,960,910 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $4,546 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $12,021 | AccountsPayableEOYAmt |
| Loans From Officers BOY | $0 | LoansFromOfficersBOYAmt |
| Loans From Officers EOY | $0 | LoansFromOfficersEOYAmt |
| Mortgages And Notes Payable BOY | $0 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $0 | MortgagesAndNotesPayableEOYAmt |
| Total Liabilities BOY | $4,546 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $12,021 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Additional Paid In Capital BOY | $4,878,731 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $3,430,232 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $976,486 | RetainedEarningBOYAmt |
| Retained Earning EOY | $686,567 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $5,855,217 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $4,116,799 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $5,859,763 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $4,128,820 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $5,855,217 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,736,318 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $4,118,899 | SubtotalAmt |
| Other Decreases | $2,100 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $4,116,799 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $0 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $0 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $1,606 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $1,606 | SubtotalAmt |
| Tax Based On Investment Income | $1,606 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $27,692 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $27,692 | TotalPaymentsAndCreditsAmt |
| Overpayment | $26,086 | OverpaymentAmt |
| Applied To ES Tax | $26,086 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
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 | Yes (true) | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | TX | OrgReportOrRegisterStateCd |
| 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 |
| Individual With Books | Peter Kahng | IndividualWithBooksNm |
| Phone | 2122423625 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 301 West Avenue Unit 2206 | AddressLine1Txt |
| City | Austin | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78701 | 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 |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
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 |
|---|---|---|---|---|---|---|---|---|
| CHOONGJA KAHNG | ||||||||
| 301 West Avenue | Austin | TX | 78701 | VICE PRESIDENT | 10.000 | $0 | $0 | $0 |
| STEPHEN KAHNG | ||||||||
| 301 West Avenue | Austin | TX | 78701 | VICE PRESIDENT | 5.000 | $0 | $0 | $0 |
| Peter Kahng | ||||||||
| 301 West Avenue | Austin | TX | 78701 | President | 15.000 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $33,124,822 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $189,953 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $2,986,881 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $36,301,656 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $36,301,656 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $544,525 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $35,757,131 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,787,857 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,787,857 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,606 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $1,606 | TotalTaxAmt |
| Distributable Before Adj | $1,786,251 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,786,251 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,786,251 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,768,570 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $1,768,570 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,786,251 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $1,747,083 | UndistributedIncomePYAmt |
| Prior Year2 | 2019 | PriorYear2Yr |
| Prior Year3 | 2018 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $0 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $0 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $0 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $0 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $0 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,768,570 | QualifyingDistributionsAmt |
| Applied To Year1 | $1,747,083 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $21,487 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $1,764,764 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $0 | ExcessFromYear4Amt |
| Excess From Year3 | $0 | ExcessFromYear3Amt |
| Excess From Year2 | $0 | ExcessFromYear2Amt |
| Excess From Year1 | $0 | ExcessFromYear1Amt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (29 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Asia Foundation | |||||||
| 465 California Street 9th Floor | San Francisco | CA | 94104 | None | PC | For Charitable Purpose of Organization | $10,074 |
| Asian Art Museum | |||||||
| 200 Larkin St | San Francisco | CA | 94102 | None | PC | For Charitable Purpose of Organization | $100,000 |
| Austin Opera | |||||||
| 3009 Industrial Terrace | Austin | TX | 78758 | None | PC | For Charitable Purpose of Organization | $10,000 |
| Austin Symphony | |||||||
| 1101 Red River St | Austin | TX | 78701 | None | PC | For Charitable Purpose of Organization | $25,000 |
| Blanton Museum of Art The University of Texas at Austin | |||||||
| 200 E Martin Luther King Jr Blvd | Austin | TX | 78712 | None | PC | For Charitable Purpose of Organization | $130,000 |
| Committee for Human Rights in North Korea | |||||||
| 1801 F Street NW Suite 305 | Washington | DC | 20006 | None | PC | For Charitable Purpose of Organization | $110,000 |
| Council of Korean Americans | |||||||
| 1875 K Street NW Suite 400 | Washington | DC | 20006 | None | PC | For Charitable Purpose of Organization | $1,500 |
| Council on Foreign Relations | |||||||
| 58 East 68th Street | New York | NY | 10065 | None | PC | For Charitable Purpose of Organization | $2,830 |
| Elton John AIDS Foundation | |||||||
| 584 Broadway Suite 906 | New York | NY | 10012 | None | PC | For Charitable Purpose of Organization | $22,000 |
| Foreign Policy Association | |||||||
| 551 Fifth Avenue Suite 3000 | New York | NY | 10176 | None | PC | For Charitable Purpose of Organization | $25,000 |
| Gold House Foundation Inc | |||||||
| 340 S Lemon Ave 5118 | Walnut | CA | 91789 | None | PC | For Charitable Purpose of Organization | $50,000 |
| Guggenheim Foundation | |||||||
| 1071 Fifth Avenue | New York | NY | 10128 | None | PC | For Charitable Purpose of Organization | $15,000 |
| Harvard University - Kennedy School | |||||||
| 79 JFK Street | Cambridge | MA | 02138 | None | PC | For Charitable Purpose of Organization | $50,000 |
| International Sejong Soloists | |||||||
| 119 West 72 Street No 183 | New York | NY | 10023 | None | PC | For Charitable Purpose of Organization | $2,000 |
| Metropolitan Museum of Art | |||||||
| 1000 Fifth Avenue | New York | NY | 10028 | None | PC | For Charitable Purpose of Organization | $110 |
| Metropolitan Opera | |||||||
| Lincoln Center | New York | NY | 10023 | None | PC | For Charitable Purpose of Organization | $25,000 |
| Motion Picture and Television Fund | |||||||
| 23388 Mulholland Drive | Woodland Hills | CA | 91364 | None | PC | For Charitable Purpose of Organization | $15,000 |
| Museum of Modern Art | |||||||
| 11 West 53rd Street | New York | NY | 10019 | None | PC | For Charitable Purpose of Organization | $7,500 |
| Pacific Council on International Policy | |||||||
| 725 S Figueroa Street Suite 450 | Los Angeles | CA | 90017 | None | PC | For Charitable Purpose of Organization | $1,050 |
| San Francisco Opera | |||||||
| 301 Van Ness Avenue | San Francisco | CA | 94102 | None | PC | For Charitable Purpose of Organization | $100,000 |
| St Patrick's Cathedral Landmark Foundation | |||||||
| 460 Madison Avenue | New York | NY | 10012 | None | PC | For Charitable Purpose of Organization | $600,000 |
| Stanford Graduate School of Business | |||||||
| 655 Knight Way | Stanford | CA | 94305 | None | PC | For Charitable Purpose of Organization | $100,000 |
| Tate Americas Foundation | |||||||
| 520 West 27th Street 404 | New York | NY | 10001 | None | PC | For Charitable Purpose of Organization | $15,000 |
| Texas Performing Arts The University of Texas at Austin | |||||||
| 2350 Robert Dedman Drive | Austin | TX | 78712 | None | PC | For Charitable Purpose of Organization | $35,000 |
| University of Texas at Austin Dell Medical Center | |||||||
| 1601 Trinity Street | Austin | TX | 78701 | None | PC | For Charitable Purpose of Organization | $100,000 |
| University of Texas at Austin School of Fine Arts | |||||||
| 2301 Trinity Street | Austin | TX | 78712 | None | PC | For Charitable Purpose of Organization | $51,500 |
| UT Austin - Strauss CenterLBJ School | |||||||
| PO Box Y 2315 Red River Street | Austin | TX | 78712 | None | PC | For Charitable Purpose of Organization | $100,000 |
| UT Development Board | |||||||
| 110 Inner Campus Drive | Austin | TX | 78712 | None | PC | For Charitable Purpose of Organization | $2,500 |
| Whitney Museum | |||||||
| 99 Gansevoort Street | New York | NY | 10014 | None | PC | For Charitable Purpose of Organization | $45,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,751,064 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $170 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $137,410 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $222,424 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $360,004 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $360,004 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting fees | CategoryTxt |
| Amt | $8,678 | Amt |
| Net Investment Income | $4,339 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $4,339 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (5 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|---|
| BUILDING - BAY ROAD CONDOS | 2015-07-01 | $2,419,184 | $87,970 | $87,970 |
| BUILDING - EDITH CONDO | 2013-04-16 | $491,467 | $17,872 | $17,872 |
| BUILDING - 301 W AVENUE | 2019-10-18 | $1,067,188 | $27,364 | |
| IMPROVEMENTS - 301 W AVE - SHADE & LIGHT CONTROL SYSTEM | 2019-10-18 | $31,282 | $2,525 | |
| IMPROVEMENTS - EDITH CONDO - SHADE & LIGHT CONTROL SYSTEM | 2019-12-19 | $9,808 | $981 | $981 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | SCHWAB BROKERAGE ACCOUNT | StockNm |
| EOY Book Value | $1,133,293 | EOYBookValueAmt |
| EOYFMV | $26,947,383 | EOYFMVAmt |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| BUILDING - EDITH CONDO | $491,467 | $182,622 | $308,845 | $308,845 |
| LAND - EDITH CONDO | $122,867 | $0 | $122,867 | $122,867 |
| LEASEHOLD IMPROVEMENTS - EDITH CONDO | $9,808 | $2,452 | $7,356 | $7,356 |
| BUILDING - BAY ROAD CONDOS | $2,419,184 | $710,165 | $1,709,019 | $1,709,019 |
| LAND - BAY ROAD CONDOS | $604,796 | $0 | $604,796 | $604,796 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | MODO LABS INVESTMENT LLC | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $233,999 | BookValueAmt |
| EOYFMV | $233,999 | EOYFMVAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| BUILDING - 301 W AVENUE | $1,067,188 | $86,652 | $980,536 | $980,536 |
| LAND - 301 W AVENUE | $118,576 | $0 | $118,576 | $118,576 |
| IMPROVEMENTS | $31,283 | $7,861 | $23,422 | $23,422 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal fees | CategoryTxt |
| Legal Fees | $14,752 | LegalFeesAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Prior Period Adjustment | Desc |
| Amt | $2,100 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Other Expenses | $7,588 | $7,588 | |
| Business Registration Fees | $20 | $20 | |
| Rental Expense | $27,825 | $27,825 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Expenses | CategoryTxt |
| Amt | $1,050 | Amt |
| Net Investment Income | $1,050 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Property Taxes | $113,143 | $104,417 |
| Estimated tax payments | $20,000 |
Comments