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TSAI FAMILY FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
TSAI FAMILY FOUNDATION (EIN 20-3439013)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-04-29
IRS object ID
202541199349100619
Schema version
2024v5.1
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)
Return2025-04-29T08:19:52-07:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN943291411PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1L LEUNG INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line139111 PASEO PADRE PKWY 318AddressLine1Txt
CityFREMONTCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94538ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN203439013EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TSAI FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTSAIBusinessNameControlTxt
Phone4086708888PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line128620 MATADERO CREEK CTAddressLine1Txt
CityLOS ALTOSCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94022ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMIKE TSAIPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone4086708888PhoneNum
Signature2025-04-28SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLINDA LEUNG CPAPreparerPersonNm
PTINP00735466PTIN
Phone5109088019PhoneNum
Preparation2025-04-29PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$378,346FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$80,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$1,639InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1,639InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$70DividendsRevAndExpnssAmt
Dividends Net Invst Incm$70DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$150,298NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$183,331GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$150,298CapGainNetIncmNetInvstIncmAmt
Gross Profit Rev And Expnss$0GrossProfitRevAndExpnssAmt
Other Income Rev And Expnss$0OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$232,007TotalRevAndExpnssAmt
Total Net Invst Incm$152,007TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$0LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$1,125AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,125AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$0OtherProfFeesRevAndExpnssAmt
Taxes Rev And Expnss$0TaxesRevAndExpnssAmt
Deprec And Dpltn Rev And Expnss$0DeprecAndDpltnRevAndExpnssAmt
Other Expenses Rev And Expnss$0OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$1,125TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,125TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$82,221ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$82,221ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$83,346TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,125TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$82,221TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$148,661ExcessRevenueOverExpensesAmt
Net Investment Income$150,882NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$35,504CashBOYAmt
Cash EOY$17,198CashEOYAmt
Cash EOYFMV$17,198CashEOYFMVAmt
Rcvbl From Officers EOY$0RcvblFromOfficersEOYAmt
Other Nts And Loans Rcvbl EOY$0OtherNtsAndLoansRcvblEOYAmt
Corporate Stock BOY$70,125CorporateStockBOYAmt
Corporate Stock EOY$37,092CorporateStockEOYAmt
Corporate Stock EOYFMV$161,148CorporateStockEOYFMVAmt
Land Bldg Investments EOY$0LandBldgInvestmentsEOYAmt
Other Investments EOY$200,000OtherInvestmentsEOYAmt
Other Investments EOYFMV$200,000OtherInvestmentsEOYFMVAmt
Land EOY$0LandEOYAmt
Other Assets BOY$0OtherAssetsBOYAmt
Other Assets EOY$0OtherAssetsEOYAmt
Other Assets EOYFMV$0OtherAssetsEOYFMVAmt
Total Assets BOY$105,629TotalAssetsBOYAmt
Total Assets EOY$254,290TotalAssetsEOYAmt
Total Assets EOYFMV$378,346TotalAssetsEOYFMVAmt
Loans From Officers EOY$0LoansFromOfficersEOYAmt
Mortgages And Notes Payable EOY$0MortgagesAndNotesPayableEOYAmt
Other Liabilities BOY$0OtherLiabilitiesBOYAmt
Other Liabilities EOY$0OtherLiabilitiesEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$105,629NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$254,290NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$105,629TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$254,290TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$105,629TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$254,290TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$105,629TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$148,661ExcessRevenueOverExpensesAmt
Subtotal$254,290SubtotalAmt
Tot Net Ast Or Fund Balances EOY$254,290TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyNVDAPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2022-01-07AcquiredDt
Sold2024-12-05SoldDt
Gross Sales Price$183,331GrossSalesPriceAmt
Depreciation$0DepreciationAmt
Cost Or Other Basis$33,033CostOrOtherBasisAmt
Gain Or Loss$150,298GainOrLossAmt
FMV As Of123169$0FMVAsOf123169Amt
Adjusted Basis As Of123169$0AdjustedBasisAsOf123169Amt
Excess FMV Over Adjusted Bss$0ExcessFMVOverAdjustedBssAmt
Gains Minus Excess Or Losses$150,298GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$150,298CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,097InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$2,097SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$2,097TaxBasedOnInvestmentIncomeAmt
Original Return Tax Paid$0OriginalReturnTaxPaidAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$122EsPenaltyAmt
Tax Due$2,219TaxDueAmt
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 SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksMIKE TSAIIndividualWithBooksNm
Phone4086708888PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line128620 MATADERO CREEK CTAddressLine1Txt
CityLOS ALTOSCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94022ZIPCd
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
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

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonMIKE TSAIPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line128620 MATADERO CREEK CTAddressLine1Txt
CityLOS ALTOSCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94022ZIPCd
FieldValueIRS element (for citing)
TitlePRESIDENTTitleTxt
Average Hrs Per Wk Devoted To Pos5.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$262,619AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$26,351AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$288,970TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$288,970AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$4,335CashDeemedCharitableAmt
Net Vl Noncharitable Assets$284,635NetVlNoncharitableAssetsAmt
Minimum Investment Return$14,232MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$14,232MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,097TaxBasedOnInvestmentIncomeAmt
Total Tax$2,097TotalTaxAmt
Distributable Before Adj$12,135DistributableBeforeAdjAmt
Distributable Before Ded$12,135DistributableBeforeDedAmt
Distributable As Adjusted$12,135DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$82,221ExpensesAndContributionsAmt
Qualifying Distributions$82,221QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$12,135DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$9,701ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$11,950ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$28,930ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$10,626ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$7,925ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$69,132TotalExcessDistributionCyovAmt
Qualifying Distributions$82,221QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$12,135AppliedToCurrentYearAmt
Remaining Distri From Corpus$70,086RemainingDistriFromCorpusAmt
Total Corpus$139,218TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$9,701ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$129,517ExcessDistriCyovToNextYrAmt
Excess From Year4$11,950ExcessFromYear4Amt
Excess From Year3$28,930ExcessFromYear3Amt
Excess From Year2$10,626ExcessFromYear2Amt
Excess From Year1$7,925ExcessFromYear1Amt
Excess From Current Year$70,086ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtRecipient RelationshipRecipientRelationshipTxt
PBCC
10601 North Blaney AveCupertinoCA95014PCSpread the gospel$11,750
Emmauel Gospel Center
44 Moultrie StBostonMA02124PCSpread the gospel$3,400
Ideas
7852 Elati St Suite 202LittletonCO80120PCSpread the gospel$1,200
Jose Ortega PTA
400 Sargent StSan FranciscoCA94132PCSupport school$750
Cahill Family
1754 Revere AveSan FranciscoCA94124IProvide housing assistanceto Christian school teacher.$30,000NONE
National Christian Foundation
650 Town Center Drive Suite 810Costa MesaCA92626PCSpread the gospel$30,000
Bible Study Fellowship(BSF)
PO Box 675241DallasTX75267PCSpread the gospel$121
Monterey Bay Chinese Association
PO Box 5792MontereyCA93944PCCommunity service$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$82,221TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,639ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$70ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$150,298ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$152,007ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$152,007TotalIncomeProducingActyAmt

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 (6 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
CHRISTOPHER TSAI
1645 PENNSYLVANIA AVESAN FRANCISCOCA94107$6,000Yes (X)
DAVID WILLIAMS
268 SANCHEZ STSAN FRANCISCOCA94114$6,000Yes (X)
BRIAN SZE
3643 PENNSYLVANIA AVESAN FRANCISCOCA94107$6,000Yes (X)
CHI-MING JOHN CHIEN
41762 PALOU AVESAN FRANCISCOCA94124$6,000Yes (X)
VICTOR HO
5635 PENNSYLVANIA AVESAN FRANCISCOCA94107$6,000Yes (X)
MON YEN TSAI
628620 MATADERO CREEK CTLOS ALTOSCA94022$50,000Yes (X)

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

FieldValueIRS element (for citing)
AssetNVDAAssetDesc
Acquired2022-01AcquiredDt
How AcquiredPurchasedHowAcquiredTxt
Sold2024-12SoldDt
Gross Sales Price$183,331GrossSalesPriceAmt
Basis$33,033BasisAmt
Total Net$150,298TotalNetAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockNVDAStockNm
EOY Book Value$37,092EOYBookValueAmt
EOYFMV$161,148EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemPROMISSORY NOTECategoryOrItemTxt
Book Value$200,000BookValueAmt
EOYFMV$200,000EOYFMVAmt

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