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RONG RONG FAMILY FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
RONG RONG FAMILY FOUNDATION (EIN 27-4260437)
Tax period
2022-12-01 to 2022-12-31
Filed
2023-11-14
IRS object ID
202313189349104571
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)
Return2023-11-14T01:06:59-00:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

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 Begin2022-12-01TaxPeriodBeginDt

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
Signature2023-11-14SignatureDt
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
Preparation2023-11-14PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Initial ReturnYes (X)InitialReturnInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$485,256FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$0TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Deprec And Dpltn Rev And Expnss$493DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm$493DeprecAndDpltnNetInvstIncmAmt
Deprec And Dpltn Adj Net Incm$493DeprecAndDpltnAdjNetIncmAmt
Other Expenses Rev And Expnss$2,118OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$2,118OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$2,118OtherExpensesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$2,611TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$2,611TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$2,611TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$2,611TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$2,611TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$2,611TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$2,611ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$227,000CashBOYAmt
Cash EOY$224,882CashEOYAmt
Cash EOYFMV$224,882CashEOYFMVAmt
Invst Land Cost Or Other Basis$316,688InvstLandCostOrOtherBasisAmt
Invst Land Accum Depreciation$56,314InvstLandAccumDepreciationAmt
Land Bldg Investments BOY$260,867LandBldgInvestmentsBOYAmt
Land Bldg Investments EOY$260,374LandBldgInvestmentsEOYAmt
Land Bldg Investments EOYFMV$260,374LandBldgInvestmentsEOYFMVAmt
Total Assets BOY$487,867TotalAssetsBOYAmt
Total Assets EOY$485,256TotalAssetsEOYAmt
Total Assets EOYFMV$485,256TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$626,846CapitalStockBOYAmt
Capital Stock EOY$626,846CapitalStockEOYAmt
Retained Earning BOY-$138,979RetainedEarningBOYAmt
Retained Earning EOY-$141,590RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$487,867TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$485,256TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$487,867TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$485,256TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$487,867TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$2,611ExcessRevenueOverExpensesAmt
Subtotal$485,256SubtotalAmt
Tot Net Ast Or Fund Balances EOY$485,256TotNetAstOrFundBalancesEOYAmt

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
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
DUNFA XI
21800 ALMADEN AVENUECUPERTINOCA95014CEO000.00$0
WEIPING DOU
21800 ALMADEN AVENUECUPERTINOCA95014CFO000.00$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)
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$224,882AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$900,000FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,124,882TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,124,882AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$16,873CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,108,009NetVlNoncharitableAssetsAmt
Minimum Investment Return$4,705MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$4,705MinimumInvestmentReturnAmt
Distributable Before Adj$4,705DistributableBeforeAdjAmt
Distributable Before Ded$4,705DistributableBeforeDedAmt
Distributable As Adjusted$4,705DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$4,705DistributableAsAdjustedAmt
Undistributed Income PY$55,284UndistributedIncomePYAmt
Prior Year12018PriorYear1Yr
Prior Year22019PriorYear2Yr
Prior Year32020PriorYear3Yr
Total For Prior Years$10,176TotalForPriorYearsAmt
Prior Year Undistributed Incm$10,176PriorYearUndistributedIncmAmt
Taxable1$10,176Taxable1Amt
Taxable2$55,284Taxable2Amt
Undistributed Income CY$4,705UndistributedIncomeCYAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$0CurrentYearAmt
Year1$15,900Year1Amt
Year2$16,873Year2Amt
Year3$10,848Year3Amt
Total$43,621TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Year1$13,515Year1Amt
Year2$14,342Year2Amt
Year3$9,221Year3Amt
Total$37,078TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Year1$50,000Year1Amt
Year2$50,000Year2Amt
Total$100,000TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Year1$50,000Year1Amt
Year2$50,000Year2Amt
Total$100,000TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$3,137CurrentYearAmt
Year1$37,003Year1Amt
Year2$38,978Year2Amt
Year3$38,495Year3Amt
Total$117,613TotalAmt

Supplementary Information SupplementaryInformationGrp

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

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

FieldValueIRS element (for citing)
Exclusion16ExclusionCd

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$10,611SL0000000039.000000000000$93$93$93
1388 Northwood Dr - Land2013-05-16$10,886L0000000039.000000000000
4730 Antelope Circle - Building2013-07-09$187,258$45,210SL0000000039.000000000000$400$400$400
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$10,704$32,840$32,840
1388 Northwood Dr - Land$10,886$10,886$10,886
4730 Antelope Circle - Building$187,258$45,610$141,648$141,648
4730 Antelope Circle - Land$75,000$75,000$75,000

Other Assets Schedule OtherAssetsSchedule

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
Legal Professional Fees$250$250$250
Property Tax$1,848$1,848$1,848
CA Secretary of State$20$20$20

Taxes Schedule TaxesSchedule

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