UNHYI AND HYOSEOK YANG FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
UNHYI AND HYOSEOK YANG FOUNDATION (EIN 47-4367935)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-05-11
IRS object ID
202221319349101202
Schema version
2021v4.0
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)
Return2022-05-11T06:15:26-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN263747666PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1H & H CPASBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1100 SARATOGA AVE 310AddressLine1Txt
CitySANTA CLARACityNm
State AbbreviationCAStateAbbreviationCd
ZIP950517337ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN474367935EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1UNHYI AND HYOSEOK YANG FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlUNHYBusinessNameControlTxt
Phone4087185622PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line110398 WESTACRES DRIVEAddressLine1Txt
CityCUPERTINOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95014ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonUNHYI YANGPersonNm
Person TitleCFOPersonTitleTxt
Phone4087185622PhoneNum
Signature2022-05-05SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstUNHYIPersonFirstNm
Person LastYANGPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJAMES S HAN CPAPreparerPersonNm
PTINP00895051PTIN
Phone4082465090PhoneNum
Preparation2022-05-11PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$83,594FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$115,185ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$189DividendsRevAndExpnssAmt
Dividends Net Invst Incm$189DividendsNetInvstIncmAmt
Dividends Adj Net Incm$189DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$15,144NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$183,834GrossSalesPriceAmt
Total Rev And Expnss$100,230TotalRevAndExpnssAmt
Total Net Invst Incm$189TotalNetInvstIncmAmt
Total Adj Net Incm$189TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,500AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$1,500AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$33TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$33TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$127OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$127OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$1,660TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,660TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$32,890ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$32,890ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$34,550TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$34,550TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$65,680ExcessRevenueOverExpensesAmt
Net Investment Income$189NetInvestmentIncomeAmt
Adjusted Net Income$189AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$41,747SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$83,594SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$83,594SavAndTempCashInvstEOYFMVAmt
Total Assets BOY$41,747TotalAssetsBOYAmt
Total Assets EOY$83,594TotalAssetsEOYAmt
Total Assets EOYFMV$83,594TotalAssetsEOYFMVAmt
Other Liabilities BOY$20,388OtherLiabilitiesBOYAmt
Other Liabilities EOY-$3,445OtherLiabilitiesEOYAmt
Total Liabilities BOY$20,388TotalLiabilitiesBOYAmt
Total Liabilities EOY-$3,445TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$21,359NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$87,039NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$21,359TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$87,039TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$41,747TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$83,594TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$21,359TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$65,680ExcessRevenueOverExpensesAmt
Subtotal$87,039SubtotalAmt
Tot Net Ast Or Fund Balances EOY$87,039TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$3InvestmentIncomeExciseTaxAmt
Subtotal$3SubtotalAmt
Tax Based On Investment Income$3TaxBasedOnInvestmentIncomeAmt
Tax Due$3TaxDueAmt

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
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 BooksHYOSEOK YANGIndividualWithBooksNm
Phone4087185622PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line110398 WESTACRES DRIVEAddressLine1Txt
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
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
UNHYI YANG
10398 WESTACRES DRIVECUPERTINOCA95014CFO2.00$0$0$0
HYOSEOK YANG
10398 WESTACRES DRIVECUPERTINOCA95014CEO2.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

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$89,783AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$89,783TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$89,783AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,347CashDeemedCharitableAmt
Net Vl Noncharitable Assets$88,436NetVlNoncharitableAssetsAmt
Minimum Investment Return$4,422MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$4,422MinimumInvestmentReturnAmt
Tax Based On Investment Income$3TaxBasedOnInvestmentIncomeAmt
Total Tax$3TotalTaxAmt
Distributable Before Adj$4,419DistributableBeforeAdjAmt
Distributable Before Ded$4,419DistributableBeforeDedAmt
Distributable As Adjusted$4,419DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$34,550ExpensesAndContributionsAmt
Qualifying Distributions$34,550QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$4,419DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$42,681ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$33,352ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$153,305ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$251,886ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$51,126ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$532,350TotalExcessDistributionCyovAmt
Qualifying Distributions$34,550QualifyingDistributionsAmt
Applied To Current Year$4,419AppliedToCurrentYearAmt
Remaining Distri From Corpus$30,131RemainingDistriFromCorpusAmt
Total Corpus$562,481TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$42,681ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$519,800ExcessDistriCyovToNextYrAmt
Excess From Year4$33,352ExcessFromYear4Amt
Excess From Year3$153,305ExcessFromYear3Amt
Excess From Year2$251,886ExcessFromYear2Amt
Excess From Year1$51,126ExcessFromYear1Amt
Excess From Current Year$30,131ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
NEW LIFE MISSION CHURCH
1325 DRY CREEK RDSAN JOSECA95125TAX EXEMPTCHARITABLE DONATION$28,594
COMPASSION INTERNATIONAL
12290 VOYAGER PKWYCOLORADO SPRINGSCO80921TAX EXEMPTCHARITABLE DONATION$196
GOOD SAMARITAN KOREAN CHURCH
2057 W FOOTHILL BLVDUPLANDCA91786TAX EXEMPTCHARITABLE DONATION$2,900
THE BETA FOUNDATION
9279 RESEARCH DRIRVINECA92618TAX EXEMPTCHARITABLE DONATION$100
PIONEERS USA
10123 WILLIAM CAREY DRORLANDOFL32832TAX EXEMPTCHARITABLE DONATION$1,100
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$32,890TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$189RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$15,144RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$14,955RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$14,955TotalIncomeProducingActyAmt

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

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonHYOSEOK YANGContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line110398 WESTACRES DRIVEAddressLine1Txt
CityCUPERTINOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95015ZIPCd
FieldValueIRS element (for citing)
Total Contributions$115,185TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmtReceivedReceivedDt
11300 SHARES OF PINS STOCK$108,2512021-04-12
1403 SHARES OF NLS STOCK$6,9342021-04-28

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEECategoryTxt
Amt$1,500Amt
Disbursements Charitable Prps$1,500DisbursementsCharitablePrpsAmt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (12 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
800 SHARES OF BIG LOTS INC2020-11PURCHASE2021-02$47,103$37,504$9,599
1000 SHARES OF CELESTICA INC2021-10PURCHASE2021-11$10,950$9,650$1,300
131 SHARES OF MICRON TECHNOLOGY INC2021-08PURCHASE2021-12$12,429$9,993$2,436
0.8 SHARES OF SONIM TECH2021-02PURCHASE2021-09$3$10-$7
10 SHARES OF TEVA PHARMACEUTICAL2021-02PURCHASE2021-02$110$115-$5
990 SHARES OF TEVA PHARMACEUTICAL2021-02PURCHASE2021-03$11,860$11,365$495
70 SHARES OF TOYOTA MOTOR CORP2021-02PURCHASE2021-03$11,129$11,122$7
70 SHARES OF TOYOTA MOTOR CORP2021-02PURCHASE2021-05$11,232$10,968$264
300 SHARES OF PINTEREST INC2021-04DONATION2021-06$23,664$24,981-$1,317
500 SHARES OF PINTEREST INC2021-04DONATION2021-10$27,890$41,635-$13,745
200 SHARES OF PINTEREST INC2021-04DONATION2021-10$12,800$16,654-$3,854
300 SHARES OF PINTEREST INC2021-04DONATION2021-11$14,664$24,981-$10,317

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
BANK FEES$127$127

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescLOAN FROM SHAREHOLDERSDesc
BOY Book Value$20,388BOYBookValueAmt
EOY Book Value-$3,445EOYBookValueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
CA CHARITABLE REGISTRY$25$25
FRANCHISE TAXES
OTHER TAXES$8$8

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