WANGSONG FAMILY FOUNDATION: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
WANGSONG FAMILY FOUNDATION (EIN 46-1586372)
Tax period
2019-11-01 to 2020-10-31
Filed
2021-03-12
IRS object ID
202140719349101104
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)
Return2021-03-12T06:26:08-00:00ReturnTs
Tax Period End2020-10-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WINSTON W LEE CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12019 CRIMSON LANEAddressLine1Txt
CitySANTA ROSACityNm
State AbbreviationCAStateAbbreviationCd
ZIP95403ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-11-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN461586372EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WANGSONG FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWANGBusinessNameControlTxt
Phone4082129778PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12522 BATON ROUGEAddressLine1Txt
CitySAN JOSECityNm
State AbbreviationCAStateAbbreviationCd
ZIP95133ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonXIN-NING SONGPersonNm
Person TitleCFOPersonTitleTxt
Signature2021-03-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonWINSTON W LEE CPAPreparerPersonNm
Phone7075295480PhoneNum
Preparation2021-03-12PreparationDt
Self EmployedYes (X)SelfEmployedInd
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$277,856FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Interest On Sav Rev And Expnss$725InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$725InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$725InterestOnSavingsAdjNetIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Gross Sales Less Ret And Allwnc$148,495GrossSalesLessRetAndAllwncAmt
Cost Of Goods Sold$137,607CostOfGoodsSoldAmt
Gross Profit Rev And Expnss$10,888GrossProfitRevAndExpnssAmt
Total Rev And Expnss$11,613TotalRevAndExpnssAmt
Total Net Invst Incm$725TotalNetInvstIncmAmt
Total Adj Net Incm$725TotalAdjNetIncmAmt
Taxes Rev And Expnss$19TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$324OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$343TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$15,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$15,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$15,343TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$15,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$3,730ExcessRevenueOverExpensesAmt
Net Investment Income$725NetInvestmentIncomeAmt
Adjusted Net Income$725AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$61,145CashBOYAmt
Cash EOY$10,535CashEOYAmt
Cash EOYFMV$10,535CashEOYFMVAmt
Sav And Temp Cash Invst BOY$220,405SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$211,085SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$211,121SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl$35,000AcctRcvblAmt
Acct Rcvbl EOY$35,000AcctRcvblEOYAmt
Acct Rcvbl EOYFMV$35,000AcctRcvblEOYFMVAmt
Inventories EOY$21,200InventoriesEOYAmt
Inventories EOYFMV$21,200InventoriesEOYFMVAmt
Total Assets BOY$281,550TotalAssetsBOYAmt
Total Assets EOY$277,820TotalAssetsEOYAmt
Total Assets EOYFMV$277,856TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$281,550NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$277,820NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$281,550TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$277,820TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$281,550TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$277,820TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$281,550TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$3,730ExcessRevenueOverExpensesAmt
Subtotal$277,820SubtotalAmt
Tot Net Ast Or Fund Balances EOY$277,820TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$14,000AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$281,550NetVlNoncharitableAssetsYr1Amt
Distribution Yr1000000.049725DistributionYr1Rt
Adjusted Qlfy Distri Yr2$20,591AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$293,724NetVlNoncharitableAssetsYr2Amt
Distribution Yr2000000.070103DistributionYr2Rt
Adjusted Qlfy Distri Yr3$4,235AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$326,554NetVlNoncharitableAssetsYr3Amt
Distribution Yr3000000.012969DistributionYr3Rt
Adjusted Qlfy Distri Yr4$18,500AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$319,347NetVlNoncharitableAssetsYr4Amt
Distribution Yr4000000.057931DistributionYr4Rt
Adjusted Qlfy Distri Yr5$17,989AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$340,878NetVlNoncharitableAssetsYr5Amt
Distribution Yr5000000.052773DistributionYr5Rt
Total Distribution000000.243501TotalDistributionRt
Average Distribution000000.048700AverageDistributionRt
Net Vl Noncharitable Assets$302,335NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$14,724AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$7NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$14,731AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$15,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$7InvestmentIncomeExciseTaxAmt
Subtotal$7SubtotalAmt
Tax Based On Investment Income$7TaxBasedOnInvestmentIncomeAmt
Tax Due$7TaxDueAmt

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 RqrfalseComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksXIN-NING SONGIndividualWithBooksNm
Phone4084317688PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12522 BATON ROUGEAddressLine1Txt
CitySAN JOSECityNm
State AbbreviationCAStateAbbreviationCd
ZIP95133ZIPCd
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
WEI WANG
2522 BATON ROUGESAN JOSECA95133CEO025.00$0
XIN-NING SONG
2522 BATON ROUGESAN JOSECA95133CFO SECRETARY025.00$0

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1LELAND STANFORD JR UNIVERSITY CONTRIBUTION FOR PURPOSE OF SUPPORTING HIGHER EDUCATIONDescription1Txt
Expenses1$15,000Expenses1Amt

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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$304,022AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$2,917FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$306,939TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$306,939AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$4,604CashDeemedCharitableAmt
Net Vl Noncharitable Assets$302,335NetVlNoncharitableAssetsAmt
Minimum Investment Return$15,117MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$15,117MinimumInvestmentReturnAmt
Tax Based On Investment Income$7TaxBasedOnInvestmentIncomeAmt
Total Tax$7TotalTaxAmt
Distributable Before Adj$15,110DistributableBeforeAdjAmt
Distributable Before Ded$15,110DistributableBeforeDedAmt
Distributable As Adjusted$15,110DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$15,000ExpensesAndContributionsAmt
Qualifying Distributions$15,000QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$7PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$14,993AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$15,110DistributableAsAdjustedAmt
Qualifying Distributions$15,000QualifyingDistributionsAmt
Applied To Year1$10,612AppliedToYear1Amt
Applied To Current Year$4,388AppliedToCurrentYearAmt
Undistributed Income CY$10,722UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNONEContributingManagerNm
Shareholder ManagerNAShareholderManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonXIN-NING SONGRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line12522 BATON ROUGEAddressLine1Txt
CitySAN JOSECityNm
State AbbreviationCAStateAbbreviationCd
ZIP95133ZIPCd
FieldValueIRS element (for citing)
Recipient Phone4084317688RecipientPhoneNum
Recipient Email AddressXINITAGMAIL.COMRecipientEmailAddressTxt
Form And Info And MaterialsNONE AT PRESENTFormAndInfoAndMaterialsTxt
Submission DeadlinesNONE AT PRESENTSubmissionDeadlinesTxt
Restrictions On AwardsNONE AT PRESENTRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1LELAND STANFORD JR UNIVERSITYBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1326 GALVEZ STAddressLine1Txt
CityPALO ALTOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94305ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation StatusNCRecipientFoundationStatusTxt
Grant Or Contribution PurposeSUPPORTING ACADEMIC ACTIVITIESGrantOrContributionPurposeTxt
Amt$15,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$15,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$725RelatedOrExemptFunctionIncmAmt

Gross Profit Loss Sls Of Invntry GrossProfitLossSlsOfInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$10,888RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$11,613RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$11,613TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

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

Line NumberLineNumberTxtRelationship StatementRelationshipStatementTxt
1THE MISSION OF THE FOUNDATION IS TO PROVIDE EDUCATIONAL RESOURCES TO ACADEMIC
2INSTITUTIONS. IN FISCAL YEAR 2019, IT DONATED 15,000 TO STANFORD UNIVERSITY TO SUPPORT ITS
3ACADEMIC PROGRAMS.
4THE FOUNDATION DISTRIBUTES EDUCATIONAL SOFTWARES AT AFFORDABLE PRICE TO ALL
5INTERESTED STUDENTS, INCLUDING LESS PRIVILEGED STUDENTS. FOR STUDENTS WHO COULD NOT
6AFFORD, THE FOUNDATION HAS PROVIDED THE LEARNING SOFTWARE AT BELOW COST OR FREE.
7THE FOUNDATION ALSO PROVIDES FREE TUTORING SERVICES TO STUDENTS. IN FISCAL YEAR 2019,
8THE FOUNDATION HAD SERVED MORE THAN 2000 STUDENTS.

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

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
OFFICE SUPPLIES$264
BANKING FEES$60

Sales Of Inventory List SalesOfInventoryList

Inventory Sale InventorySaleGrp

FieldValueIRS element (for citing)
CategoryEDUCATION SOFTWARECategoryTxt
Gross Sales$148,495GrossSalesAmt
Cost Of Goods Sold$137,607CostOfGoodsSoldAmt
Net$10,888NetAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
FEDERAL TAX$9
CA FTB TAX$10

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