BETA

LANG & SUN FAMILY FOUNDATION: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
LANG & SUN FAMILY FOUNDATION (EIN 45-4084644)
Tax period
2019-12-01 to 2020-11-30
Filed
2021-03-31
IRS object ID
202110909349100806
Schema version
2019v5.0
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)
Return2021-03-31T11:11:55-07:00ReturnTs
Tax Period End2020-11-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN263000418PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ABEST TAX SERVICES INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11621A S MAIN STAddressLine1Txt
CityMILPITASCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95035ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-12-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN454084644EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LANG & SUN FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLANGBusinessNameControlTxt
Phone4084823371PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line121950 LINDY LNAddressLine1Txt
CityCUPERTINOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95014ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGRACE SUNPersonNm
Person TitleSecretary & CFOPersonTitleTxt
Signature2021-03-31SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSHUANG MAOPreparerPersonNm
PTINP00660082PTIN
Phone4083929977PhoneNum
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$337,215FMVAssetsEOYAmt
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$13InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$13InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$13InterestOnSavingsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$193NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$2,606GrossSalesPriceAmt
Total Rev And Expnss-$180TotalRevAndExpnssAmt
Total Net Invst Incm$13TotalNetInvstIncmAmt
Total Adj Net Incm$13TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$6,000CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$6,000CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss$850AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$850AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$705TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$705TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$312DeprecAndDpltnRevAndExpnssAmt
Other Expenses Rev And Expnss$13,626OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$13,626OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$21,493TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$21,181TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$14,198ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$14,198ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$35,691TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$35,379TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$35,871ExcessRevenueOverExpensesAmt
Net Investment Income$13NetInvestmentIncomeAmt
Adjusted Net Income$13AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$15,087CashBOYAmt
Cash EOY$2,823CashEOYAmt
Cash EOYFMV$2,823CashEOYFMVAmt
Corporate Stock EOY$150,095CorporateStockEOYAmt
Corporate Stock EOYFMV$182,220CorporateStockEOYFMVAmt
Other Investments BOY$325,609OtherInvestmentsBOYAmt
Other Investments EOY$152,122OtherInvestmentsEOYAmt
Other Investments EOYFMV$152,122OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$4,146LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$3,990LandBldgEquipAccumDeprecAmt
Land BOY$468LandBOYAmt
Land EOY$156LandEOYAmt
Land EOYFMV$50LandEOYFMVAmt
Total Assets BOY$341,164TotalAssetsBOYAmt
Total Assets EOY$305,196TotalAssetsEOYAmt
Total Assets EOYFMV$337,215TotalAssetsEOYFMVAmt
Other Liabilities BOY$133OtherLiabilitiesBOYAmt
Other Liabilities EOY$36OtherLiabilitiesEOYAmt
Total Liabilities BOY$133TotalLiabilitiesBOYAmt
Total Liabilities EOY$36TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$341,031RetainedEarningBOYAmt
Retained Earning EOY$305,160RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$341,031TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$305,160TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$341,164TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$305,196TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$341,031TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$35,871ExcessRevenueOverExpensesAmt
Subtotal$305,160SubtotalAmt
Tot Net Ast Or Fund Balances EOY$305,160TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyFidelity-6159PropertyDesc
How AcquiredPHowAcquiredCd
Acquired2019-12-01AcquiredDt
Sold2019-12-01SoldDt
Gross Sales Price$2,606GrossSalesPriceAmt
Cost Or Other Basis$2,799CostOrOtherBasisAmt
Gain Or Loss-$193GainOrLossAmt
Gains Minus Excess Or Losses-$193GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income-$193CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$193NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1GRACE SUNBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4084823371PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line121950 LINDY LNAddressLine1Txt
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
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
CHI-I LANG
21950 LINDY LNCUPERTINOCA95014President & CEO2.00$0
GRACE SUN
21950 LINDY LNCUPERTINOCA95014Secretary & CFO2.00$6,000
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$319,255AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$19,836AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$339,091TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$339,091AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$5,086CashDeemedCharitableAmt
Net Vl Noncharitable Assets$334,005NetVlNoncharitableAssetsAmt
Minimum Investment Return$16,700MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$16,700MinimumInvestmentReturnAmt
Distributable Before Adj$16,700DistributableBeforeAdjAmt
Distributable Before Ded$16,700DistributableBeforeDedAmt
Distributable As Adjusted$16,700DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$35,379ExpensesAndContributionsAmt
Qualifying Distributions$35,379QualifyingDistributionsAmt
Adjusted Qualifying Distri$35,379AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$16,700DistributableAsAdjustedAmt
Undistributed Income PY$5,614UndistributedIncomePYAmt
Qualifying Distributions$35,379QualifyingDistributionsAmt
Applied To Year1$5,614AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$16,700AppliedToCurrentYearAmt
Remaining Distri From Corpus$13,065RemainingDistriFromCorpusAmt
Total Corpus$13,065TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$13,065ExcessDistriCyovToNextYrAmt
Excess From Current Year$13,065ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerCHI-I LANGContributingManagerNm
Contributing ManagerGRACE SUNContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
River of Life Christian Church
1177 Laurelwood RdSanta ClaraCA95054DonationPCBuilding a glorious church through praise & worship, Holy Spirit renewal, cell church and glocal impact.$13,020
Monta Vista High School
21840 McClellan RoadCupertinoCA95014DonationPCTo provide a child-centered environment that cultivates character, foster academic excellence and embraces diversity.$40
Air1 Worship Now
PO Box 2118OmahaNE68103DonationPCTo create compelling media that inspires and encourages you to have a meaningful relationship with Christ.$60
GoFundMe
2036 UniversityBerkeleyCA94704DonationPCTo present a vibrant and diverse range of live performances to advance the understanding and appreciation of music, culture and education in the Bay Area.$55
Dreams Will Come True Foundation
756 Grape AveSunnyvaleCA94087DonationPCTo provide a child-centered environment that cultivates character, foster academic excellence and embraces diversity.$1,023
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$14,198TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$13RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$193RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$180RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$180TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryAccounting FeesCategoryTxt
Amt$850Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$850DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp

FieldValueIRS element (for citing)
PropertyAPPLEPropertyDesc
Acquired2018-11-09AcquiredDt
Cost Or Other Basis$1,530CostOrOtherBasisAmt
Prior Year Depreciation$1,062PriorYearDepreciationAmt
Computation Method200DBComputationMethodTxt
Rt0.2037Rt
Current Year Expense$312CurrentYearExpenseAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockFidelity-6159StockNm
EOY Book Value$150,095EOYBookValueAmt
EOYFMV$182,220EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemJackson National Life - AnnuityCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$152,122BookValueAmt
EOYFMV$152,122EOYFMVAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemMachinery and EquipmentCategoryOrItemTxt
Cost Or Other Basis$4,146CostOrOtherBasisAmt
Accumulated Depreciation$3,990AccumulatedDepreciationAmt
Book Value$156BookValueAmt
EOYFMV$50EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (9 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Automobile Expense$31$31
Bank Service Charges$10$10
Dues and Subscriptions$599$599
Filing Fees$10$10
Gifts Expense$116$116
Insurance Expense$10,000$10,000
Meals and Entertainment Expense$2,739$2,739
Office Supplies$109$109
Postage& Delivery$12$12

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescCredit CardsDesc
BOY Book Value$133BOYBookValueAmt
EOY Book Value$36EOYBookValueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryPayroll Tax ExpenseCategoryTxt
Amt$705Amt
Disbursements Charitable Prps$705DisbursementsCharitablePrpsAmt

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