CK FAMILY FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
CK FAMILY FOUNDATION (EIN 45-4005757)
Tax period
2020-12-01 to 2021-11-30
Filed
2022-10-15
IRS object ID
202232889349100408
Schema version
2020v4.0
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)
Return2022-10-15T14:50:09-07:00ReturnTs
Tax Period End2021-11-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN371420474PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Fontanello Duffield & Otake LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line144 Montgomery Street Suite 1305AddressLine1Txt
CitySan FranciscoCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94104ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-12-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN454005757EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CK Family FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCKFABusinessNameControlTxt
Phone4085308800PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11294 Kifer Road 703AddressLine1Txt
CitySunnyvaleCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94086ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMary WangPersonNm
Person TitleSecretaryPersonTitleTxt
Signature2022-10-15SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMaryPersonFirstNm
Person LastWangPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonErik SatowPreparerPersonNm
PTINP01410341PTIN
Phone4159830200PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
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$1,103,949FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$15InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$15InterestOnSavNetInvstIncmAmt
Gross Rents Rev And Expnss$8,907GrossRentsRevAndExpnssAmt
Gross Rents Net Invst Incm$8,907GrossRentsNetInvstIncmAmt
Net Rental Income Or Loss$7,210NetRentalIncomeOrLossAmt
Net Gain Sale Ast Rev And Expnss$243,053NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$523,923GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$243,053CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$10OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$251,985TotalRevAndExpnssAmt
Total Net Invst Incm$251,975TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$7,687LegalFeesRevAndExpnssAmt
Legal Fees Dsbrs Chrtbl$7,687LegalFeesDsbrsChrtblAmt
Taxes Rev And Expnss$33,634TaxesRevAndExpnssAmt
Deprec And Dpltn Rev And Expnss$3,989DeprecAndDpltnRevAndExpnssAmt
Other Expenses Rev And Expnss$1,707OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$1,697OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$10OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$47,017TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,697TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$7,697TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$56,100ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$56,100ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$103,117TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,697TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$63,797TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$148,868ExcessRevenueOverExpensesAmt
Net Investment Income$250,278NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$88,520CashBOYAmt
Sav And Temp Cash Invst BOY$511,359SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$344,328SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$344,328SavAndTempCashInvstEOYFMVAmt
Corporate Stock EOY$641,475CorporateStockEOYAmt
Corporate Stock EOYFMV$641,475CorporateStockEOYFMVAmt
Invst Land Cost Or Other Basis$3,687InvstLandCostOrOtherBasisAmt
Invst Land Accum Depreciation$3,687InvstLandAccumDepreciationAmt
Land Bldg Investments BOY$283,399LandBldgInvestmentsBOYAmt
Other Investments EOY$118,146OtherInvestmentsEOYAmt
Other Investments EOYFMV$118,146OtherInvestmentsEOYFMVAmt
Total Assets BOY$883,278TotalAssetsBOYAmt
Total Assets EOY$1,103,949TotalAssetsEOYAmt
Total Assets EOYFMV$1,103,949TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$883,278NoDonorRstrNetAssestsBOYAmt
Tot Net Ast Or Fund Balances BOY$883,278TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,103,949TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$883,278TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,103,949TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$883,278TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$148,868ExcessRevenueOverExpensesAmt
Other Increases$71,803OtherIncreasesAmt
Subtotal$1,103,949SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,103,949TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyRental PropertyPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2015-03-31AcquiredDt
Sold2021-08-03SoldDt
Gross Sales Price$523,923GrossSalesPriceAmt
Depreciation$47,285DepreciationAmt
Cost Or Other Basis$328,155CostOrOtherBasisAmt
Gain Or Loss$243,053GainOrLossAmt
Gains Minus Excess Or Losses$243,053GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$243,053CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$3,479InvestmentIncomeExciseTaxAmt
Subtotal$3,479SubtotalAmt
Tax Based On Investment Income$3,479TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$4EsPenaltyAmt
Tax Due$3,483TaxDueAmt

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 FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Michael SunBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4085308800PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11294 Kifer Road Ste 703AddressLine1Txt
CitySunnyvaleCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94086ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Michael Sun
1294 Kifer Road Ste 703SunnyvaleCA94086CEO5.00$0
Charlie C Sun
1294 Kifer Road Ste 703SunnyvaleCA94086CFO5.00$0
Mary Wang
1294 Kifer Road Ste 703SunnyvaleCA94086Secretary5.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$266,476AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$420,030AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$686,506TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$686,506AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$10,298CashDeemedCharitableAmt
Net Vl Noncharitable Assets$676,208NetVlNoncharitableAssetsAmt
Minimum Investment Return$33,810MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$33,810MinimumInvestmentReturnAmt
Tax Based On Investment Income$3,479TaxBasedOnInvestmentIncomeAmt
Total Tax$3,479TotalTaxAmt
Distributable Before Adj$30,331DistributableBeforeAdjAmt
Distributable Before Ded$30,331DistributableBeforeDedAmt
Distributable As Adjusted$30,331DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$63,797ExpensesAndContributionsAmt
Qualifying Distributions$63,797QualifyingDistributionsAmt
Adjusted Qualifying Distri$63,797AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$30,331DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$16,138ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr1$119,783ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$135,921TotalExcessDistributionCyovAmt
Qualifying Distributions$63,797QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$30,331AppliedToCurrentYearAmt
Remaining Distri From Corpus$33,466RemainingDistriFromCorpusAmt
Total Corpus$169,387TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$169,387ExcessDistriCyovToNextYrAmt
Excess From Year3$16,138ExcessFromYear3Amt
Excess From Year1$119,783ExcessFromYear1Amt
Excess From Current Year$33,466ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerMichael SunContributingManagerNm
Contributing ManagerCharlie C SunContributingManagerNm
Contributing ManagerMary WangContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
The Thatcher School
5025 Thacher RdOjaiCA93023N/APCGeneral Support$40,000
Shin Shin Educational Foundation
PO Box 399CupertinoCA95015N/APCGeneral Support$15,200
StJude Children's Research Hospital
100 Bush St Suite 850San FranciscoCA94104N/APCGeneral Support$300
Zhi Yin Vocal Music Center
708 Pradera WaySan RamonCA94583N/APCGeneral Support$600
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$56,100TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$15ExclusionAmt

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

FieldValueIRS element (for citing)
Exclusion16ExclusionCd
Exclusion$7,210ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$243,053ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescRefundsDesc
Related Or Exempt Function Incm$10RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$250,278ExclusionAmt
Related Or Exempt Function Incm$10RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$250,288TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line Number11aLineNumberTxt
Relationship StatementRefund of ExpenseRelationshipStatementTxt

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

FieldValueIRS element (for citing)
PropertyBuildingPropertyDesc
Acquired2015-03-31AcquiredDt
Cost Or Other Basis$163,349CostOrOtherBasisAmt
Prior Year Depreciation$43,296PriorYearDepreciationAmt
Computation MethodSLComputationMethodTxt
Rt0.0345Rt
Current Year Expense$3,989CurrentYearExpenseAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (5 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
Amazon, 50 Sh$175,353$175,353
Apple, 1,300 Sh$214,890$214,890
Microsoft, 550 Sh$181,825$181,825
Tesla, 10 Sh$11,447$11,447
Walt Disney, 400 Sh$57,960$57,960

Investments Land Schedule2 InvestmentsLandSchedule2

Investment Land InvestmentLandGrp

FieldValueIRS element (for citing)
Category Or ItemFurniture and FixturesCategoryOrItemTxt
Cost Or Other Basis$3,687CostOrOtherBasisAmt
Accumulated Depreciation$3,687AccumulatedDepreciationAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemInvestco QQQ TR, 300 ShCategoryOrItemTxt
Listed At Cost Or FMVFMVListedAtCostOrFMVCd
Book Value$118,146BookValueAmt
EOYFMV$118,146EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLegal FeesCategoryTxt
Legal Fees$7,687LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$7,687DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
Filing Fees$10$10
Rental Expenses$1,697$1,697

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescRefundsDesc
Revenue And Expenses Per Books$10RevenueAndExpensesPerBooksAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
Excise Taxes$156
State Taxes$33,478

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