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RONG RONG FAMILY FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
RONG RONG FAMILY FOUNDATION (EIN 27-4260437)
Tax period
2020-12-01 to 2021-11-30
Filed
2022-10-10
IRS object ID
202222839349100722
Schema version
2020v4.2
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)
Return2022-10-10T03:22:39-00:00ReturnTs
Tax Period End2021-11-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

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 Begin2020-12-01TaxPeriodBeginDt

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
Signature2022-10-10SignatureDt
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
Preparation2022-10-10PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$522,214FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Gross Rents Rev And Expnss$28,056GrossRentsRevAndExpnssAmt
Gross Rents Net Invst Incm$28,056GrossRentsNetInvstIncmAmt
Gross Rents Adj Net Incm$28,056GrossRentsAdjNetIncmAmt
Net Rental Income Or Loss$16,873NetRentalIncomeOrLossAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$28,056TotalRevAndExpnssAmt
Total Net Invst Incm$28,056TotalNetInvstIncmAmt
Total Adj Net Incm$28,056TotalAdjNetIncmAmt
Taxes Rev And Expnss$257TaxesRevAndExpnssAmt
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$5,265OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$5,265OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$5,265OtherExpensesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$11,440TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$11,183TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$11,183TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$50,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$50,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$61,440TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$11,183TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$11,183TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$50,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$33,384ExcessRevenueOverExpensesAmt
Net Investment Income$16,873NetInvestmentIncomeAmt
Adjusted Net Income$16,873AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$281,167CashBOYAmt
Cash EOY$249,501CashEOYAmt
Cash EOYFMV$249,501CashEOYFMVAmt
Invst Land Cost Or Other Basis$316,688InvstLandCostOrOtherBasisAmt
Invst Land Accum Depreciation$49,903InvstLandAccumDepreciationAmt
Land Bldg Investments BOY$272,703LandBldgInvestmentsBOYAmt
Land Bldg Investments EOY$266,785LandBldgInvestmentsEOYAmt
Land Bldg Investments EOYFMV$266,785LandBldgInvestmentsEOYFMVAmt
Other Assets BOY$1,728OtherAssetsBOYAmt
Other Assets EOY$5,928OtherAssetsEOYAmt
Other Assets EOYFMV$5,928OtherAssetsEOYFMVAmt
Total Assets BOY$555,598TotalAssetsBOYAmt
Total Assets EOY$522,214TotalAssetsEOYAmt
Total Assets EOYFMV$522,214TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$626,846CapitalStockBOYAmt
Capital Stock EOY$626,846CapitalStockEOYAmt
Retained Earning BOY-$71,248RetainedEarningBOYAmt
Retained Earning EOY-$104,632RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$555,598TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$522,214TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$555,598TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$522,214TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$555,598TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$33,384ExcessRevenueOverExpensesAmt
Subtotal$522,214SubtotalAmt
Tot Net Ast Or Fund Balances EOY$522,214TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$235InvestmentIncomeExciseTaxAmt
Subtotal$235SubtotalAmt
Tax Based On Investment Income$235TaxBasedOnInvestmentIncomeAmt
Tax Due$235TaxDueAmt

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
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 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 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$287,140AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$900,000FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,187,140TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,187,140AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$17,807CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,169,333NetVlNoncharitableAssetsAmt
Minimum Investment Return$58,467MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$58,467MinimumInvestmentReturnAmt
Tax Based On Investment Income$235TaxBasedOnInvestmentIncomeAmt
Total Tax$235TotalTaxAmt
Distributable Before Adj$58,232DistributableBeforeAdjAmt
Distributable Before Ded$58,232DistributableBeforeDedAmt
Distributable As Adjusted$58,232DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

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

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$58,232DistributableAsAdjustedAmt
Undistributed Income PY$57,526UndistributedIncomePYAmt
Qualifying Distributions$50,000QualifyingDistributionsAmt
Applied To Year1$50,000AppliedToYear1Amt
Taxable2$7,526Taxable2Amt
Undistributed Income CY$58,232UndistributedIncomeCYAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$16,873CurrentYearAmt
Year1$10,848Year1Amt
Year2$1,862Year2Amt
Year3$12,892Year3Amt
Total$42,475TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Current Year$14,342CurrentYearAmt
Year1$9,221Year1Amt
Year2$1,583Year2Amt
Year3$10,958Year3Amt
Total$36,104TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$50,000CurrentYearAmt
Year2$50,360Year2Amt
Year3$98,853Year3Amt
Total$199,213TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$50,000CurrentYearAmt
Year2$50,360Year2Amt
Year3$98,853Year3Amt
Total$199,213TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$38,978CurrentYearAmt
Year1$38,495Year1Amt
Year2$39,434Year2Amt
Year3$41,664Year3Amt
Total$158,571TotalAmt

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$15,711ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$15,711ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$15,711TotalIncomeProducingActyAmt

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$8,377SL0000000039.000000000000$1,117$1,117$1,117
1388 Northwood Dr - Land2013-05-16$10,886L0000000039.000000000000
4730 Antelope Circle - Building2013-07-09$187,258$35,608SL0000000039.000000000000$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$9,494$34,050$34,050
1388 Northwood Dr - Land$10,886$10,886$10,886
4730 Antelope Circle - Building$187,258$40,409$146,849$146,849
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$1,728BOYBookValueAmt
EOY Book Value$5,928EOYBookValueAmt
EOYFMV$5,928EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
Legal Professional Fees$3,200$3,200$3,200
Home Insurance$583$583$583
Property Tax$1,457$1,457$1,457
Department of Justice$25$25$25

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
Federal Income Tax$217
CA FTB$40

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