BETA

KAHNG FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
KAHNG FOUNDATION (EIN 74-2883492)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-10-11
IRS object ID
202112849349100416
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)
Return2021-10-11T13:30:39-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN350921680PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CROWE LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1575 Market Street Suite 3300AddressLine1Txt
CitySan FranciscoCityNm
State AbbreviationCAStateAbbreviationCd
ZIP941055829ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN742883492EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Kahng FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlKAHNBusinessNameControlTxt
Phone5726577777PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1301 West Avenue 2206AddressLine1Txt
CityAustinCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78701ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPeter KahngPersonNm
Person TitlePresidentPersonTitleTxt
Signature2021-10-11SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstPeterPersonFirstNm
Person LastKahngPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDIANE BROWNPreparerPersonNm
PTINP01578407PTIN
Phone4155761100PhoneNum
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$33,310,487FMVAssetsEOYAmt
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$87InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$87InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$129,984DividendsRevAndExpnssAmt
Dividends Net Invst Incm$129,984DividendsNetInvstIncmAmt
Gross Rents Rev And Expnss$167,180GrossRentsRevAndExpnssAmt
Gross Rents Net Invst Incm$167,180GrossRentsNetInvstIncmAmt
Net Rental Income Or Loss$57,956NetRentalIncomeOrLossAmt
Net Gain Sale Ast Rev And Expnss$775,613NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$787,588GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$775,613CapGainNetIncmNetInvstIncmAmt
Gross Sales Less Ret And Allwnc$0GrossSalesLessRetAndAllwncAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Gross Profit Rev And Expnss$0GrossProfitRevAndExpnssAmt
Other Income Rev And Expnss$0OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$0OtherIncomeNetInvstIncmAmt
Other Income Adj Net Incm$0OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$1,072,864TotalRevAndExpnssAmt
Total Net Invst Incm$1,072,864TotalNetInvstIncmAmt
Total Adj Net Incm$0TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$0LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$0LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm$0LegalFeesAdjNetIncmAmt
Legal Fees Dsbrs Chrtbl$0LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$8,801AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$5,065AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$0AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$3,736AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$0OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$0OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm$0OtherProfFeesAdjNetIncmAmt
Other Prof Fees Dsbrs Chrtbl$0OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$109,117TaxesRevAndExpnssAmt
Taxes Net Invst Incm$54,805TaxesNetInvstIncmAmt
Taxes Adj Net Incm$0TaxesAdjNetIncmAmt
Taxes Dsbrs Chrtbl$0TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$135,731DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm$105,842DeprecAndDpltnNetInvstIncmAmt
Deprec And Dpltn Adj Net Incm$0DeprecAndDpltnAdjNetIncmAmt
Trav Conf Meeting Rev And Expnss$6,101TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$6,101TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$56,650OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$53,089OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$0OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl$3,561OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$316,400TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$218,801TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$13,398TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$929,025ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$929,025ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,245,425TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$218,801TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$942,423TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$172,561ExcessRevenueOverExpensesAmt
Net Investment Income$854,063NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY-$13,036CashBOYAmt
Cash EOY$55,247CashEOYAmt
Cash EOYFMV$88,730CashEOYFMVAmt
Sav And Temp Cash Invst BOY$1,759SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$44,398SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$44,398SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl BOY$0AcctRcvblBOYAmt
Acct Rcvbl EOY$0AcctRcvblEOYAmt
Acct Rcvbl EOYFMV$0AcctRcvblEOYFMVAmt
Pledges Rcvbl EOY$0PledgesRcvblEOYAmt
Pledges Rcvbl EOYFMV$0PledgesRcvblEOYFMVAmt
Rcvbl From Officers BOY$0RcvblFromOfficersBOYAmt
Rcvbl From Officers EOY$0RcvblFromOfficersEOYAmt
Rcvbl From Officers EOYFMV$0RcvblFromOfficersEOYFMVAmt
Other Nts And Loans Rcvbl$0OtherNtsAndLoansRcvblAmt
Other Rcvbl Allwnc Dbtfl Acct$0OtherRcvblAllwncDbtflAcctAmt
Other Nts And Loans Rcvbl BOY$0OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY$0OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV$0OtherNtsAndLoansRcvblEOYFMVAmt
US Government Obligations BOY$0USGovernmentObligationsBOYAmt
US Government Obligations EOY$0USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$0USGovtObligationsEOYFMVAmt
Corporate Stock BOY$1,158,633CorporateStockBOYAmt
Corporate Stock EOY$1,144,228CorporateStockEOYAmt
Corporate Stock EOYFMV$28,794,519CorporateStockEOYFMVAmt
Corporate Bonds BOY$0CorporateBondsBOYAmt
Corporate Bonds EOYFMV$0CorporateBondsEOYFMVAmt
Invst Land Cost Or Other Basis$3,666,957InvstLandCostOrOtherBasisAmt
Invst Land Accum Depreciation$681,386InvstLandAccumDepreciationAmt
Land Bldg Investments BOY$3,063,052LandBldgInvestmentsBOYAmt
Land Bldg Investments EOY$2,985,571LandBldgInvestmentsEOYAmt
Land Bldg Investments EOYFMV$2,966,528LandBldgInvestmentsEOYFMVAmt
Other Investments BOY$233,999OtherInvestmentsBOYAmt
Other Investments EOY$233,999OtherInvestmentsEOYAmt
Other Investments EOYFMV$233,999OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$2,396,544LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$34,451LandBldgEquipAccumDeprecAmt
Land BOY$1,212,202LandBOYAmt
Land EOY$2,362,093LandEOYAmt
Land EOYFMV$1,182,313LandEOYFMVAmt
Other Assets BOY$0OtherAssetsBOYAmt
Other Assets EOY$0OtherAssetsEOYAmt
Other Assets EOYFMV$0OtherAssetsEOYFMVAmt
Total Assets BOY$5,656,609TotalAssetsBOYAmt
Total Assets EOY$6,825,536TotalAssetsEOYAmt
Total Assets EOYFMV$33,310,487TotalAssetsEOYFMVAmt
Accounts Payable EOY$36,748AccountsPayableEOYAmt
Loans From Officers BOY$0LoansFromOfficersBOYAmt
Loans From Officers EOY$0LoansFromOfficersEOYAmt
Mortgages And Notes Payable BOY$0MortgagesAndNotesPayableBOYAmt
Mortgages And Notes Payable EOY$0MortgagesAndNotesPayableEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$36,748TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Additional Paid In Capital BOY$4,808,531AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$5,656,609AdditionalPaidInCapitalEOYAmt
Retained Earning BOY$848,078RetainedEarningBOYAmt
Retained Earning EOY$1,132,179RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$5,656,609TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$6,788,788TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$5,656,609TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$6,825,536TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$5,656,609TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$172,561ExcessRevenueOverExpensesAmt
Other Increases$1,304,740OtherIncreasesAmt
Subtotal$6,788,788SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$6,788,788TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertySALE OF PUBLICLY TRADED SECURITIESPropertyDesc
How AcquiredPHowAcquiredCd
Gross Sales Price$787,588GrossSalesPriceAmt
Cost Or Other Basis$11,975CostOrOtherBasisAmt
Gain Or Loss$775,613GainOrLossAmt
Excess FMV Over Adjusted Bss$0ExcessFMVOverAdjustedBssAmt
Gains Minus Excess Or Losses$775,613GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$775,613CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$0NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$11,871InvestmentIncomeExciseTaxAmt
Subtotal$11,871SubtotalAmt
Tax Based On Investment Income$11,871TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$40,832EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$40,832TotalPaymentsAndCreditsAmt
Overpayment$28,961OverpaymentAmt
Applied To ES Tax$28,961AppliedToESTaxAmt
Refund$0RefundAmt

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 StateTXOrgReportOrRegisterStateCd
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 BooksPeter KahngIndividualWithBooksNm
Phone6052708888PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1301 West Avenue Unit 2206AddressLine1Txt
CityAustinCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78701ZIPCd
FieldValueIRS element (for citing)
Tax Exempt Interest$0TaxExemptInterestAmt
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
CHOONGJA KAHNG
301 West AvenueAustinTX78701VICE PRESIDENT10.000$0$0$0
STEPHEN KAHNG
301 West AvenueAustinTX78701VICE PRESIDENT5.000$0$0$0
Peter Kahng
301 West AvenueAustinTX78701President15.000$0$0$0
FieldValueIRS element (for citing)
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$21,763,975AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$805,099AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$2,966,528FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$25,535,602TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$25,535,602AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$383,034CashDeemedCharitableAmt
Net Vl Noncharitable Assets$25,152,568NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,257,628MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,257,628MinimumInvestmentReturnAmt
Tax Based On Investment Income$11,871TaxBasedOnInvestmentIncomeAmt
Total Tax$11,871TotalTaxAmt
Distributable Before Adj$1,245,757DistributableBeforeAdjAmt
Distributable Before Ded$1,245,757DistributableBeforeDedAmt
Distributable As Adjusted$1,245,757DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$942,423ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$942,423QualifyingDistributionsAmt
Adjusted Qualifying Distri$942,423AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,245,757DistributableAsAdjustedAmt
Undistributed Income PY$930,470UndistributedIncomePYAmt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$942,423QualifyingDistributionsAmt
Applied To Year1$930,470AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$11,953AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$0TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$1,233,804UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$0ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt
Excess From Year4$0ExcessFromYear4Amt
Excess From Year3$0ExcessFromYear3Amt
Excess From Year2$0ExcessFromYear2Amt
Excess From Year1$0ExcessFromYear1Amt
Excess From Current Year$0ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (20 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
American Australian Education Leadership Foundation
1001 G St NW Rm 1000WashingtonDC20001NONEPCTo support Young Leadership dialogue of American Australian Leadership$50,000
American Foreign Policy Council
509 E Street NEWashingtonDC20002NONEPCTo influence Foreign policy of the US and assist the world leaders$25,000
Asian Art Museum
200 Larkin StSan FranciscoCA94102NONEPCTo support Asian Art Collections$100,000
Austin Opera
3009 Industrial TerraceAustinTX78758NONEPCUnderwriter for All-Star Opera Concert$25,000
Austin Symphony
1101 Red River StAustinTX78701NONEPCTo support classical musical education$25,000
Baylor Scott & White Central Texas Foundation
2608 Brockton DriveAustinTX78758NONEPCTo support the BSWH Disaster Relief - CTX Fund$20,000
Blanton Museum of Art The University of Texas at Austin
200 E Martin Luther King Jr Blvd StAustinTX78712NONEPCTo support the art collection AND Sponsored Carmen Herrera installation$250,000op D1303
Committee for North Korean Human Rights
1001 Connecticut Ave NW 435WashingtonDC20036NONEPCTo promote human Rights in North Korea$50,000
Foreign Policy Association
551 Fifth AvenueNew YorkNY10176NONEPCGeneral Support of Organization$25,000
Guggenheim Foundation
1071 Fifth AvenueNew YorkNY10128NONEPCSupport for Asian Art Circle$15,000
Metropolitan Opera
Lincoln CenterNew YorkNY10023NONEPCGeneral Support of Organization and $5000 for COVID relief$30,000
Pacific Council on International Policy
725 S Figueroa St Ste 450Los AngelesCA90017NONEPCTo support a Foreign Policy Think Tank$525
Sejong Soloists
119 West 72 Street No 183New YorkNY10023NONEPCTo support Korean American musicians$10,000
Stanford University - Hoover Institute
434 Galvez MallStanfordCA943056003NONEPCTo support American Public Policy Think Tank$100,000
Tate Americas Foundation
520 West 27th Street 404New YorkNY10001NONEPCSupport for American acquisitions$15,000
The Queens Museum
NYC Bldg Flushing Meadow ParkQueensNY11368NONEPCSupport for Kenneth Tam Show$5,000
The Sejong Cultural Society
606 Forest RdGlenviewIL60025NONEPCGeneral Support of Organization$1,000
The University of Texas at Austin
University Development Office PO BoAustinTX787137458NONEPCTo support Foreign Policy Research and the educational mission of UT Austin$52,500x 7458
Whitney Museum
99 Gansevoort StreetNew YorkNY10014NONEPCSupport for Painting & Scultpure Acquisition and Emerging Artist Program$30,000
WNET
825 Eight AvenueNew YorkNY10019NONEPCSupport for Firing Line with Margaret Hoover$100,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$929,025TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$87ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$129,984ExclusionAmt

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

FieldValueIRS element (for citing)
Exclusion16ExclusionCd
Exclusion$57,956ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$775,613ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$963,640ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$963,640TotalIncomeProducingActyAmt

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)
CategoryPROFESSIONAL FEESCategoryTxt
Amt$8,801Amt
Net Investment Income$5,065NetInvestmentIncomeAmt
Disbursements Charitable Prps$3,736DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (5 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtCurrent Year ExpenseCurrentYearExpenseAmtNet Investment IncomeNetInvestmentIncomeAmt
BUILDING - BAY ROAD CONDOS2015-07-01$2,419,184$87,970$87,970
BUILDING - EDITH CONDO2013-04-16$491,467$17,872$17,872
BUILDING - 301 W AVENUE2019-10-18$1,067,188$27,364
IMPROVEMENTS - SHADE & LIGHT CONTROL SYSTEM2019-10-18$25,508$1,700
LIGHT FIXTURES2019-12-19$5,774$825

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockSCHWAB BROKERAGE ACCOUNTStockNm
EOY Book Value$1,144,228EOYBookValueAmt
EOYFMV$28,794,519EOYFMVAmt

Investments Land Schedule2 InvestmentsLandSchedule2

Investment Land InvestmentLandGrp (6 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmtEOYFMVEOYFMVAmt
BUILDING - EDITH CONDO$491,467$146,879$344,588$344,588
LAND - EDITH CONDO$122,867$0$122,867$122,867
LEASEHOLD IMPROVEMENTS - EDITH CONDO$10,487$283$10,204$9,317
OTHER - EDITH CONDO$18,156$0$18,156$0
BUILDING - BAY ROAD CONDOS$2,419,184$534,224$1,884,960$1,884,960
LAND - BAY ROAD CONDOS$604,796$0$604,796$604,796

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemMODO LABS INVESTMENT LLCCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$233,999BookValueAmt
EOYFMV$233,999EOYFMVAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (4 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmtEOYFMVEOYFMVAmt
BUILDING - 301 W AVENUE$2,134,376$31,925$2,102,451$1,035,263
LAND - 301 W AVENUE$231,608$0$231,608$118,576
IMPROVEMENTS$30,560$2,526$28,034$28,474
LIGHT FIXTURES$0$0$0$0

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Other Rental Expenses$53,089$53,089
Technology$2,266$2,266
Other Costs$395$395
Postage$61$61
Supplies$57$57
Utilities$782$782

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescPRIOR PERIOD ADJUSTMENTDesc
Amt$1,304,740Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
EXCISE TAXES$45,000
PROPERTY TAXES$64,117$54,805

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.