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RONG RONG FAMILY FOUNDATION: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
RONG RONG FAMILY FOUNDATION (EIN 27-4260437)
Tax period
2019-12-01 to 2020-11-30
Filed
2021-10-14
IRS object ID
202112879349101716
Schema version
2019v5.1
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)
Return2021-10-14T02:59:05-00:00ReturnTs
Tax Period End2020-11-30TaxPeriodEndDt

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 Begin2019-12-01TaxPeriodBeginDt

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
Signature2021-10-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJULIA BROWNPreparerPersonNm
Phone4088065966PhoneNum
Preparation2021-10-14PreparationDt
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$555,598FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Gross Rents Rev And Expnss$34,860GrossRentsRevAndExpnssAmt
Gross Rents Net Invst Incm$34,860GrossRentsNetInvstIncmAmt
Gross Rents Adj Net Incm$34,860GrossRentsAdjNetIncmAmt
Net Rental Income Or Loss$10,848NetRentalIncomeOrLossAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$34,860TotalRevAndExpnssAmt
Total Net Invst Incm$34,860TotalNetInvstIncmAmt
Total Adj Net Incm$34,860TotalAdjNetIncmAmt
Taxes Rev And Expnss$672TaxesRevAndExpnssAmt
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$18,094OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$18,094OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$18,094OtherExpensesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$24,684TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$24,012TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$24,012TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$24,684TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$24,012TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$24,012TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$10,176ExcessRevenueOverExpensesAmt
Net Investment Income$10,848NetInvestmentIncomeAmt
Adjusted Net Income$10,848AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$268,021CashBOYAmt
Cash EOY$281,167CashEOYAmt
Cash EOYFMV$281,167CashEOYFMVAmt
Invst Land Cost Or Other Basis$316,688InvstLandCostOrOtherBasisAmt
Invst Land Accum Depreciation$43,985InvstLandAccumDepreciationAmt
Land Bldg Investments BOY$278,621LandBldgInvestmentsBOYAmt
Land Bldg Investments EOY$272,703LandBldgInvestmentsEOYAmt
Land Bldg Investments EOYFMV$272,703LandBldgInvestmentsEOYFMVAmt
Other Assets EOY$1,728OtherAssetsEOYAmt
Other Assets EOYFMV$1,728OtherAssetsEOYFMVAmt
Total Assets BOY$546,642TotalAssetsBOYAmt
Total Assets EOY$555,598TotalAssetsEOYAmt
Total Assets EOYFMV$555,598TotalAssetsEOYFMVAmt
Other Liabilities BOY$1,220OtherLiabilitiesBOYAmt
Total Liabilities BOY$1,220TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$585,452CapitalStockBOYAmt
Capital Stock EOY$626,846CapitalStockEOYAmt
Retained Earning BOY-$40,030RetainedEarningBOYAmt
Retained Earning EOY-$71,248RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$545,422TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$555,598TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$546,642TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$555,598TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$545,422TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$10,176ExcessRevenueOverExpensesAmt
Subtotal$555,598SubtotalAmt
Tot Net Ast Or Fund Balances EOY$555,598TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$50,360AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$1,183,020NetVlNoncharitableAssetsYr1Amt
Distribution Yr1000000.042569DistributionYr1Rt
Adjusted Qlfy Distri Yr2$98,853AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$1,249,927NetVlNoncharitableAssetsYr2Amt
Distribution Yr2000000.079087DistributionYr2Rt
Adjusted Qlfy Distri Yr3$127,664AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$408,892NetVlNoncharitableAssetsYr3Amt
Distribution Yr3000000.312219DistributionYr3Rt
Adjusted Qlfy Distri Yr4$9,932AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$666,928NetVlNoncharitableAssetsYr4Amt
Distribution Yr4000000.014892DistributionYr4Rt
Adjusted Qlfy Distri Yr5$5,111AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$525,293NetVlNoncharitableAssetsYr5Amt
Distribution Yr5000000.009730DistributionYr5Rt
Total Distribution000000.458497TotalDistributionRt
Average Distribution000000.091699AverageDistributionRt
Net Vl Noncharitable Assets$1,154,868NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$105,900AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$108NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$106,008AdjNonchrtblNetInvstIncmPctAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$217InvestmentIncomeExciseTaxAmt
Subtotal$217SubtotalAmt
Tax Based On Investment Income$217TaxBasedOnInvestmentIncomeAmt
Tax Due$217TaxDueAmt

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 RqrfalseComplyWithPublicInspRqrInd
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$272,455AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$900,000FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,172,455TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,172,455AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$17,587CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,154,868NetVlNoncharitableAssetsAmt
Minimum Investment Return$57,743MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$57,743MinimumInvestmentReturnAmt
Tax Based On Investment Income$217TaxBasedOnInvestmentIncomeAmt
Total Tax$217TotalTaxAmt
Distributable Before Adj$57,526DistributableBeforeAdjAmt
Distributable Before Ded$57,526DistributableBeforeDedAmt
Distributable As Adjusted$57,526DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$57,526DistributableAsAdjustedAmt
Undistributed Income PY$8,754UndistributedIncomePYAmt
Taxable2$8,754Taxable2Amt
Undistributed Income CY$57,526UndistributedIncomeCYAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$10,848CurrentYearAmt
Year1$1,862Year1Amt
Year2$12,892Year2Amt
Year3$17,556Year3Amt
Total$43,158TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Current Year$9,221CurrentYearAmt
Year1$1,583Year1Amt
Year2$10,958Year2Amt
Year3$14,923Year3Amt
Total$36,685TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Year1$50,360Year1Amt
Year2$98,853Year2Amt
Year3$127,664Year3Amt
Total$276,877TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Year1$50,360Year1Amt
Year2$98,853Year2Amt
Year3$127,664Year3Amt
Total$276,877TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$38,495CurrentYearAmt
Year1$39,434Year1Amt
Year2$41,664Year2Amt
Year3$13,630Year3Amt
Total$133,223TotalAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerDUNFA XIContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

FieldValueIRS element (for citing)
Exclusion16ExclusionCd
Exclusion$10,848ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$10,848ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$10,848TotalIncomeProducingActyAmt

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$7,260SL0000000039.000000000000$1,117$1,117$1,117
1388 Northwood Dr - Land2013-05-16$10,886L0000000039.000000000000
4730 Antelope Circle - Building2013-07-09$187,258$30,807SL0000000039.000000000000$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$8,377$35,167$35,167
1388 Northwood Dr - Land$10,886$10,886$10,886
4730 Antelope Circle - Building$187,258$35,608$151,650$151,650
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
EOY Book Value$1,728EOYBookValueAmt
EOYFMV$1,728EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
Bank Fees$1$1$1
Legal Professional Fees$15,032$15,032$15,032
Home Insurance$519$519$519
Property Tax$2,542$2,542$2,542

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescPayable to Dunfa XiDesc
BOY Book Value$1,220BOYBookValueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
Federal Income Tax$662
CA FTB$10

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