BETA

RONG RONG FAMILY FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
RONG RONG FAMILY FOUNDATION (EIN 27-4260437)
Tax period
2021-12-01 to 2022-11-30
Filed
2023-10-13
IRS object ID
202342869349100904
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)
Return2023-10-13T09:35:21-00:00ReturnTs
Tax Period End2022-11-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN814220175PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JULIA BROWN CPA A PROFESSIONAL CORPORATIONBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14020 MOORPARK AVE SUITE 109AddressLine1Txt
CitySAN JOSECityNm
State AbbreviationCAStateAbbreviationCd
ZIP95117ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-12-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN274260437EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RONG RONG FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlRONGBusinessNameControlTxt
Phone4085311589PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line121800 ALMADEN AVENUEAddressLine1Txt
CityCupertinoCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95014ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDUNFA XIPersonNm
Person TitleCEOPersonTitleTxt
Phone4085311589PhoneNum
Signature2023-10-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDUNFAPersonFirstNm
Person LastXIPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJULIA BROWNPreparerPersonNm
PTINP01863125PTIN
Phone4088065966PhoneNum
Preparation2023-10-13PreparationDt

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$487,867FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Gross Rents Rev And Expnss$31,109GrossRentsRevAndExpnssAmt
Gross Rents Net Invst Incm$31,109GrossRentsNetInvstIncmAmt
Gross Rents Adj Net Incm$31,109GrossRentsAdjNetIncmAmt
Net Rental Income Or Loss$15,900NetRentalIncomeOrLossAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$31,109TotalRevAndExpnssAmt
Total Net Invst Incm$31,109TotalNetInvstIncmAmt
Total Adj Net Incm$31,109TotalAdjNetIncmAmt
Taxes Rev And Expnss$247TaxesRevAndExpnssAmt
Deprec And Dpltn Rev And Expnss$5,918DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm$5,918DeprecAndDpltnNetInvstIncmAmt
Deprec And Dpltn Adj Net Incm$5,918DeprecAndDpltnAdjNetIncmAmt
Other Expenses Rev And Expnss$9,291OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$9,291OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$9,291OtherExpensesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$15,456TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$15,209TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$15,209TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$50,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$50,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$65,456TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$15,209TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$15,209TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$50,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$34,347ExcessRevenueOverExpensesAmt
Net Investment Income$15,900NetInvestmentIncomeAmt
Adjusted Net Income$15,900AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$249,501CashBOYAmt
Cash EOY$227,000CashEOYAmt
Cash EOYFMV$227,000CashEOYFMVAmt
Invst Land Cost Or Other Basis$316,688InvstLandCostOrOtherBasisAmt
Invst Land Accum Depreciation$55,821InvstLandAccumDepreciationAmt
Land Bldg Investments BOY$266,785LandBldgInvestmentsBOYAmt
Land Bldg Investments EOY$260,867LandBldgInvestmentsEOYAmt
Land Bldg Investments EOYFMV$260,867LandBldgInvestmentsEOYFMVAmt
Other Assets BOY$5,928OtherAssetsBOYAmt
Total Assets BOY$522,214TotalAssetsBOYAmt
Total Assets EOY$487,867TotalAssetsEOYAmt
Total Assets EOYFMV$487,867TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$626,846CapitalStockBOYAmt
Capital Stock EOY$626,846CapitalStockEOYAmt
Retained Earning BOY-$104,632RetainedEarningBOYAmt
Retained Earning EOY-$138,979RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$522,214TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$487,867TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$522,214TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$487,867TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$522,214TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$34,347ExcessRevenueOverExpensesAmt
Subtotal$487,867SubtotalAmt
Tot Net Ast Or Fund Balances EOY$487,867TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$221InvestmentIncomeExciseTaxAmt
Subtotal$221SubtotalAmt
Tax Based On Investment Income$221TaxBasedOnInvestmentIncomeAmt
Tax Due$221TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
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 FoundationYes (true)PrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksDUNFA XIIndividualWithBooksNm
Phone4086230766PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line121800 ALMADEN AVENUEAddressLine1Txt
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
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYYes (true)UndistributedIncomePYInd
Undistributed Income PY12019UndistributedIncomePY1Yr
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
DUNFA XI
21800 ALMADEN AVENUECUPERTINOCA95014CEO000.00$0
WEIPING DOU
21800 ALMADEN AVENUECUPERTINOCA95014CFO000.00$0

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt
Expenses1$0Expenses1Amt

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$227,000AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$900,000FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,127,000TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,127,000AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$16,905CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,110,095NetVlNoncharitableAssetsAmt
Minimum Investment Return$55,505MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$55,505MinimumInvestmentReturnAmt
Tax Based On Investment Income$221TaxBasedOnInvestmentIncomeAmt
Total Tax$221TotalTaxAmt
Distributable Before Adj$55,284DistributableBeforeAdjAmt
Distributable Before Ded$55,284DistributableBeforeDedAmt
Distributable As Adjusted$55,284DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$50,000ExpensesAndContributionsAmt
Qualifying Distributions$50,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$55,284DistributableAsAdjustedAmt
Undistributed Income PY$58,232UndistributedIncomePYAmt
Prior Year12017PriorYear1Yr
Prior Year22018PriorYear2Yr
Prior Year32019PriorYear3Yr
Total For Prior Years$10,176TotalForPriorYearsAmt
Qualifying Distributions$50,000QualifyingDistributionsAmt
Applied To Year1$50,000AppliedToYear1Amt
Prior Year Undistributed Incm$10,176PriorYearUndistributedIncmAmt
Taxable1$10,176Taxable1Amt
Taxable2$8,232Taxable2Amt
Undistributed Income CY$55,284UndistributedIncomeCYAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$15,900CurrentYearAmt
Year1$16,873Year1Amt
Year2$10,848Year2Amt
Year3$1,862Year3Amt
Total$45,483TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Current Year$13,515CurrentYearAmt
Year1$14,342Year1Amt
Year2$9,221Year2Amt
Year3$1,583Year3Amt
Total$38,661TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$50,000CurrentYearAmt
Year1$50,000Year1Amt
Year3$50,360Year3Amt
Total$150,360TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$50,000CurrentYearAmt
Year1$50,000Year1Amt
Year3$50,360Year3Amt
Total$150,360TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$37,003CurrentYearAmt
Year1$38,978Year1Amt
Year2$38,495Year2Amt
Year3$39,434Year3Amt
Total$153,910TotalAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerDUNFA XIContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1Bay Badminton Training AcademyBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1600 S Amphlett BlvdAddressLine1Txt
CitySan MateoCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94402ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipCharitableRecipientRelationshipTxt
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeCharitableGrantOrContributionPurposeTxt
Amt$50,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$50,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

FieldValueIRS element (for citing)
Exclusion16ExclusionCd
Exclusion$15,900ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$15,900ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$15,900TotalIncomeProducingActyAmt

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

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (4 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtLifeLifeRtCurrent Year ExpenseCurrentYearExpenseAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
1388 Northwood Dr - Building2013-05-16$43,544$9,494SL0000000039.000000000000$1,117$1,117$1,117
1388 Northwood Dr - Land2013-05-16$10,886L0000000039.000000000000
4730 Antelope Circle - Building2013-07-09$187,258$40,409SL0000000039.000000000000$4,801$4,801$4,801
4730 Antelope Circle - Land2013-07-09$75,000L0000000039.000000000000

Investments Land Schedule2 InvestmentsLandSchedule2

Investment Land InvestmentLandGrp (4 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmtEOYFMVEOYFMVAmt
1388 Northwood Dr - Building$43,544$10,611$32,933$32,933
1388 Northwood Dr - Land$10,886$10,886$10,886
4730 Antelope Circle - Building$187,258$45,210$142,048$142,048
4730 Antelope Circle - Land$75,000$75,000$75,000

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescReceivable from Dunfa XiDesc
BOY Book Value$5,928BOYBookValueAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
Legal Professional Fees$5,000$5,000$5,000
Home Insurance$623$623$623
Property Tax$3,643$3,643$3,643
Department of Justice$25$25$25

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFederal Income TaxCategoryTxt
Amt$247Amt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.