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WANGSONG FAMILY FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: WANGSONG FAMILY FOUNDATION (EIN 46-1586372)
Tax period: 2020-11-01 to 2021-10-31
Filed: 2022-03-13
IRS object ID: 202230729349100703
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
Form 990-PF
Accounting Fees Schedule
Sales Of Inventory List
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-03-13T07:58:19-00:00	ReturnTs
Tax Period End	2021-10-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	WINSTON W LEE CPA	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	2019 CRIMSON LANE	AddressLine1Txt
City	SANTA ROSA	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	95403	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2020-11-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	461586372	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	WANGSONG FAMILY FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	WANG	BusinessNameControlTxt
Phone	4082129778	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2522 BATON ROUGE	AddressLine1Txt
City	SAN JOSE	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	95133	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	XIN-NING SONG	PersonNm
Person Title	TREASURER	PersonTitleTxt
Signature	2022-03-13	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	XIN-NING	PersonFirstNm
Person Last	SONG	PersonLastNm

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	WINSTON W LEE CPA	PreparerPersonNm
PTIN	P00269636	PTIN
Phone	7075295480	PhoneNum
Preparation	2022-03-13	PreparationDt
Self Employed	Yes (X)	SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2020	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$269,085	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Interest On Sav Rev And Expnss	$448	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$448	InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm	$448	InterestOnSavingsAdjNetIncmAmt
Cap Gain Net Incm Net Invst Incm	$0	CapGainNetIncmNetInvstIncmAmt
Gross Sales Less Ret And Allwnc	$64,741	GrossSalesLessRetAndAllwncAmt
Cost Of Goods Sold	$58,522	CostOfGoodsSoldAmt
Gross Profit Rev And Expnss	$6,219	GrossProfitRevAndExpnssAmt
Total Rev And Expnss	$6,667	TotalRevAndExpnssAmt
Total Net Invst Incm	$448	TotalNetInvstIncmAmt
Total Adj Net Incm	$448	TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss	$385	AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss	$17	TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$402	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$15,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$15,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$15,402	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$15,000	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$8,735	ExcessRevenueOverExpensesAmt
Net Investment Income	$448	NetInvestmentIncomeAmt
Adjusted Net Income	$448	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$10,535	CashBOYAmt
Cash EOY	$24,976	CashEOYAmt
Cash EOYFMV	$24,976	CashEOYFMVAmt
Sav And Temp Cash Invst BOY	$211,085	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$211,509	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$211,509	SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl	$18,000	AcctRcvblAmt
Acct Rcvbl BOY	$35,000	AcctRcvblBOYAmt
Acct Rcvbl EOY	$18,000	AcctRcvblEOYAmt
Acct Rcvbl EOYFMV	$18,000	AcctRcvblEOYFMVAmt
Inventories BOY	$21,200	InventoriesBOYAmt
Inventories EOY	$14,600	InventoriesEOYAmt
Inventories EOYFMV	$14,600	InventoriesEOYFMVAmt
Total Assets BOY	$277,820	TotalAssetsBOYAmt
Total Assets EOY	$269,085	TotalAssetsEOYAmt
Total Assets EOYFMV	$269,085	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$277,820	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$269,085	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$277,820	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$269,085	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$277,820	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$269,085	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$277,820	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$8,735	ExcessRevenueOverExpensesAmt
Subtotal	$269,085	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$269,085	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$6	InvestmentIncomeExciseTaxAmt
Subtotal	$6	SubtotalAmt
Tax Based On Investment Income	$6	TaxBasedOnInvestmentIncomeAmt
Tax Due	$6	TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	CA	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	XIN-NING SONG	IndividualWithBooksNm
Phone	4084317688	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	2522 BATON ROUGE	AddressLine1Txt
City	SAN JOSE	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	95133	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt
WEI WANG
2522 BATON ROUGE	SAN JOSE	CA	95133	CEO	025.00	$0
XIN-NING SONG
2522 BATON ROUGE	SAN JOSE	CA	95133	CFO SECRETARY	025.00	$0

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	SUMMIT DENALI SCHOOL CONTRIBUTION TO SUPPORT SCHOOL ACTIVITIES.	Description1Txt
Expenses1	$2,500	Expenses1Amt
Description2	LIVE OAK ACADEMY CONTRIBUTION TO SUPPORT SCHOOL ACTIVITIES.	Description2Txt
Expenses2	$2,500	Expenses2Amt
Description3	LELAND STANFORD JR UNIVERSITY CONTRIBUTION FOR PURPOSE OF SUPPORTING HIGHER EDUCATION.	Description3Txt
Expenses3	$10,000	Expenses3Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$264,529	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$264,529	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$264,529	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$3,968	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$260,561	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$13,028	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$13,028	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$6	TaxBasedOnInvestmentIncomeAmt
Total Tax	$6	TotalTaxAmt
Distributable Before Adj	$13,022	DistributableBeforeAdjAmt
Distributable Before Ded	$13,022	DistributableBeforeDedAmt
Distributable As Adjusted	$13,022	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$15,000	ExpensesAndContributionsAmt
Qualifying Distributions	$15,000	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$15,000	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$13,022	DistributableAsAdjustedAmt
Undistributed Income PY	$10,722	UndistributedIncomePYAmt
Qualifying Distributions	$15,000	QualifyingDistributionsAmt
Applied To Year1	$10,722	AppliedToYear1Amt
Applied To Current Year	$4,278	AppliedToCurrentYearAmt
Undistributed Income CY	$8,744	UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	NONE	ContributingManagerNm
Shareholder Manager	NA	ShareholderManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	XIN-NING SONG	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	2522 BATON ROUGE	AddressLine1Txt
City	SAN JOSE	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	95133	ZIPCd

Field	Value	IRS element (for citing)
Recipient Phone	4084317688	RecipientPhoneNum
Recipient Email Address	XINITAGMAIL.COM	RecipientEmailAddressTxt
Form And Info And Materials	NONE AT PRESENT	FormAndInfoAndMaterialsTxt
Submission Deadlines	NONE AT PRESENT	SubmissionDeadlinesTxt
Restrictions On Awards	NONE AT PRESENT	RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
SUMMIT DENALI PUBLIC SCHOOL
539 E WEDDELL DRIVE	SUNNYVALE	CA	94089	NC	EDUCATION	$2,500
LIVE OAK ACADEMY
2499 HOMESTEAD ROAD	SANTA CLARA	CA	95050	NC	EDUCATION	$2,500
LELAND STANFORD JR UNIVERSITY
326 GALVEZ ST	PALO ALTO	CA	94305	NC	EDUCATION	$10,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$15,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$448	RelatedOrExemptFunctionIncmAmt

Gross Profit Loss Sls Of Invntry GrossProfitLossSlsOfInvntryGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$6,219	UnrelatedBusinessTaxblIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$6,219	UnrelatedBusinessTaxblIncmAmt
Related Or Exempt Function Incm	$448	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$6,667	TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (8 entries)

Line NumberLineNumberTxt	Relationship StatementRelationshipStatementTxt
1	THE MISSION OF THE FOUNDATION IS TO PROVIDE EDUCATIONAL RESOURCES TO ACADEMIC
2	INSTITUTIONS. IN FISCAL YEAR 2020, IT DONATED 5,000 TO K-12 LEVEL SCHOOLS TO SUPPORT THEIR
3	ACADEMIC PROGRAMS. IN ADDITION IT ALSO DONATED 10,000 TO STANFORD UNIV FOR THE SAME PURPOSE.
4	THE FOUNDATION DISTRIBUTES EDUCATIONAL SOFTWARES AT AFFORDABLE PRICE TO ALL
5	INTERESTED STUDENTS, INCLUDING LESS PRIVILEGED STUDENTS. FOR STUDENTS WHO COULD NOT
6	AFFORD, THE FOUNDATION HAS PROVIDED THE LEARNING SOFTWARE AT BELOW COST OR FREE.
7	THE FOUNDATION ALSO PROVIDES FREE TUTORING SERVICES TO STUDENTS. IN FISCAL YEAR 2019,
8	THE FOUNDATION HAD SERVED MORE THAN 2000 STUDENTS.

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	TAX PREPARATION	CategoryTxt
Amt	$385	Amt

Sales Of Inventory List SalesOfInventoryList

Inventory Sale InventorySaleGrp

Field	Value	IRS element (for citing)
Category	EDUCATION SOFTWARE	CategoryTxt
Gross Sales	$64,741	GrossSalesAmt
Cost Of Goods Sold	$58,522	CostOfGoodsSoldAmt
Net	$6,219	NetAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxt	AmtAmt
FEDERAL TAX	$7
CA FTB TAX	$10