BETA

GENWELL FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
GENWELL FOUNDATION (EIN 85-3413049)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-02
IRS object ID
202303069349101630
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)
Return2023-11-02T16:28:11-07:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN844897612PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Andy Wang CPA & AssociatesBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14320 Stevens Creek Blvd Ste 171AddressLine1Txt
CitySan JoseCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95129ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN853413049EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GENWELL FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGENWBusinessNameControlTxt
Phone6502831161PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line16390 OAK HILL DRIVEAddressLine1Txt
CityGRANITE BAYCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95746ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJING WANGPersonNm
Person TitleTreasurerPersonTitleTxt
Signature2023-11-02SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJINGPersonFirstNm
Person LastWANGPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAndy WangPreparerPersonNm
PTINP02358900PTIN
Phone4086056352PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$31,115FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$38InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$38InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$38InterestOnSavingsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$452,461NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,223,505GrossSalesPriceAmt
Net ST Capital Gain Adj Net Incm$3,880NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss-$452,423TotalRevAndExpnssAmt
Total Net Invst Incm$38TotalNetInvstIncmAmt
Total Adj Net Incm$3,918TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$3,223LegalFeesRevAndExpnssAmt
Legal Fees Dsbrs Chrtbl$3,223LegalFeesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$435DeprecAndDpltnRevAndExpnssAmt
Other Expenses Rev And Expnss$85,208OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$85,208OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$88,866TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$88,431TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$88,866TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$88,431TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$541,289ExcessRevenueOverExpensesAmt
Net Investment Income$38NetInvestmentIncomeAmt
Adjusted Net Income$3,918AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$4,968SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$275SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$275SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$587,596CorporateStockBOYAmt
Corporate Stock EOY$51,000CorporateStockEOYAmt
Corporate Stock EOYFMV$30,840CorporateStockEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$435LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$435LandBldgEquipAccumDeprecAmt
Total Assets BOY$592,564TotalAssetsBOYAmt
Total Assets EOY$51,275TotalAssetsEOYAmt
Total Assets EOYFMV$31,115TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$18,680CapitalStockBOYAmt
Capital Stock EOY$18,680CapitalStockEOYAmt
Retained Earning BOY$573,884RetainedEarningBOYAmt
Retained Earning EOY$32,595RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$592,564TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$51,275TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$592,564TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$51,275TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$592,564TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$541,289ExcessRevenueOverExpensesAmt
Subtotal$51,275SubtotalAmt
Tot Net Ast Or Fund Balances EOY$51,275TotNetAstOrFundBalancesEOYAmt

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
PER TDAMERITRADE STMTP2022-01-012022-01-01$644,568$640,688$3,880$3,880
PER TDAMERITRADE STMTP2020-01-012022-01-01$578,937$1,035,278-$456,341-$456,341
FieldValueIRS element (for citing)
Capital Gain Net Income-$452,461CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$3,880NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1InvestmentIncomeExciseTaxAmt
Subtotal$1SubtotalAmt
Tax Based On Investment Income$1TaxBasedOnInvestmentIncomeAmt
Tax Due$1TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

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 FoundationYes (true)PrivateOperatingFoundationInd
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 Line1JING WANGBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6502831161PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line16390 OAK HILL DRIVEAddressLine1Txt
CityGRANITE BAYCityNm
State AbbreviationCAStateAbbreviationCd
ZIP957469695ZIPCd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
TIMOTHEE BAILLOEUL
6390 OAK HILL DRIVEGRANITE BAYCA95746President5.00$0
JING WANG
6390 OAK HILL DRIVEGRANITE BAYCA95746Treasurer5.00$0
RANDALL STAFFORD
MED SCH OFC BLDG RM X312STANFORDCA94305Director5.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1In 2022, GenWell Foundation conducted the following activities: 1. Hired a consultant for six month to develop project proposals and explore potential partners in China, which resulted in finding Humana People to People (HPP) in Yunnan province. 2. Signed a contract with HPP Yunnan office and wired the project fund on Nov. 2, 2022. 3. Paid subscription fee to rocketlawyer.com to help develop contracts. 4. Paid Truple legal for legal services and consultation5. Paid subscription fee to zoom.com and protonmail.com6. Bought a printeDescription1Txt
Expenses1$88,866Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$239,715AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$41,627AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$435FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$281,777TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$281,777AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$4,227CashDeemedCharitableAmt
Net Vl Noncharitable Assets$277,550NetVlNoncharitableAssetsAmt
Minimum Investment Return$13,878MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$88,431ExpensesAndContributionsAmt
Qualifying Distributions$88,431QualifyingDistributionsAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Private Operating Fndtn Ruling2020-12-10PrivateOperatingFndtnRulingDt
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$3,918CurrentYearAmt
Year1$5,317Year1Amt
Total$9,235TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Current Year$3,330CurrentYearAmt
Year1$4,519Year1Amt
Total$7,849TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$88,431CurrentYearAmt
Year1$8,233Year1Amt
Total$96,664TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$88,431CurrentYearAmt
Year1$8,233Year1Amt
Total$96,664TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$9,252CurrentYearAmt
Year1$25,490Year1Amt
Year2$2,747Year2Amt
Total$37,489TotalAmt

Supplementary Information SupplementaryInformationGrp

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

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$38UnrelatedBusinessTaxblIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$452,461RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$38UnrelatedBusinessTaxblIncmAmt
Related Or Exempt Function Incm-$452,461RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$452,423TotalIncomeProducingActyAmt

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

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
EOY Book Value$51,000EOYBookValueAmt
EOYFMV$30,840EOYFMVAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemMachinery and EquipmentCategoryOrItemTxt
Cost Or Other Basis$435CostOrOtherBasisAmt
Accumulated Depreciation$435AccumulatedDepreciationAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp (2 entries)

CategoryCategoryTxtLegal FeesLegalFeesAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ONLINE LEGAL SERVICE$401$0$0$401
TUPLE LEGAL CONSULTATION FEE$2,822$0$0$2,822

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
CONSULTANCY FEE FOR PROJECT DEVELOPMENT$17,000$17,000
E-MAIL SERVICE FEE$40$40
HPP CHINA PROJECT FUNDING$68,018$68,018
ZOOM SUBSCRIPTION FEE$150$150

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