UNHYI AND HYOSEOK YANG FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
UNHYI AND HYOSEOK YANG FOUNDATION (EIN 47-4367935)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-05-08
IRS object ID
202141289349100224
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)
Return2021-05-08T14:10:58-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN263747666PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1H & H CPASBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1100 SARATOGA AVE 310AddressLine1Txt
CitySANTA CLARACityNm
State AbbreviationCAStateAbbreviationCd
ZIP950517337ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN474367935EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1UNHYI AND HYOSEOK YANG FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlUNHYBusinessNameControlTxt
Phone4087185622PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line110398 WESTACRES DRIVEAddressLine1Txt
CityCUPERTINOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95014ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonUNHYI YANGPersonNm
Person TitleCFOPersonTitleTxt
Phone4087185622PhoneNum
Signature2021-05-05SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstUNHYIPersonFirstNm
Person LastYANGPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJAMES S HAN CPAPreparerPersonNm
PTINP00895051PTIN
Phone4082465090PhoneNum
Preparation2021-05-08PreparationDt
Self EmployedYes (X)SelfEmployedInd
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$41,747FMVAssetsEOYAmt
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$329InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$329InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$329InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$240DividendsRevAndExpnssAmt
Dividends Net Invst Incm$240DividendsNetInvstIncmAmt
Dividends Adj Net Incm$240DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$27,701NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$147,391GrossSalesPriceAmt
Total Rev And Expnss$28,270TotalRevAndExpnssAmt
Total Net Invst Incm$569TotalNetInvstIncmAmt
Total Adj Net Incm$569TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,500AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$1,500AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$133TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$133TaxesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$1,633TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,633TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$52,344ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$52,344ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$53,977TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$53,977TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$25,707ExcessRevenueOverExpensesAmt
Net Investment Income$569NetInvestmentIncomeAmt
Adjusted Net Income$569AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$84,911SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$41,747SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$41,747SavAndTempCashInvstEOYFMVAmt
Total Assets BOY$84,911TotalAssetsBOYAmt
Total Assets EOY$41,747TotalAssetsEOYAmt
Total Assets EOYFMV$41,747TotalAssetsEOYFMVAmt
Other Liabilities BOY$37,845OtherLiabilitiesBOYAmt
Other Liabilities EOY$20,388OtherLiabilitiesEOYAmt
Total Liabilities BOY$37,845TotalLiabilitiesBOYAmt
Total Liabilities EOY$20,388TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$47,066NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$21,359NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$47,066TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$21,359TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$84,911TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$41,747TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$47,066TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$25,707ExcessRevenueOverExpensesAmt
Subtotal$21,359SubtotalAmt
Tot Net Ast Or Fund Balances EOY$21,359TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$8InvestmentIncomeExciseTaxAmt
Subtotal$8SubtotalAmt
Tax Based On Investment Income$8TaxBasedOnInvestmentIncomeAmt
Tax Due$8TaxDueAmt

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
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 BooksHYOSEOK YANGIndividualWithBooksNm
Phone4087185622PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line110398 WESTACRES DRIVEAddressLine1Txt
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
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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
UNHYI YANG
10398 WESTACRES DRIVECUPERTINOCA95014CFO1.00$0$0$0
HYOSEOK YANG
10398 WESTACRES DRIVECUPERTINOCA95014CEO1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

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$58,041AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$58,041TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$58,041AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$871CashDeemedCharitableAmt
Net Vl Noncharitable Assets$57,170NetVlNoncharitableAssetsAmt
Minimum Investment Return$2,859MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$2,859MinimumInvestmentReturnAmt
Tax Based On Investment Income$8TaxBasedOnInvestmentIncomeAmt
Total Tax$8TotalTaxAmt
Distributable Before Adj$2,851DistributableBeforeAdjAmt
Distributable Before Ded$2,851DistributableBeforeDedAmt
Distributable As Adjusted$2,851DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$53,977ExpensesAndContributionsAmt
Qualifying Distributions$53,977QualifyingDistributionsAmt
Adjusted Qualifying Distri$53,977AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$2,851DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$13,540ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$42,681ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$33,352ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$153,305ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$251,886ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$494,764TotalExcessDistributionCyovAmt
Qualifying Distributions$53,977QualifyingDistributionsAmt
Applied To Current Year$2,851AppliedToCurrentYearAmt
Remaining Distri From Corpus$51,126RemainingDistriFromCorpusAmt
Total Corpus$545,890TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$13,540ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$532,350ExcessDistriCyovToNextYrAmt
Excess From Year4$42,681ExcessFromYear4Amt
Excess From Year3$33,352ExcessFromYear3Amt
Excess From Year2$153,305ExcessFromYear2Amt
Excess From Year1$251,886ExcessFromYear1Amt
Excess From Current Year$51,126ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
NEW LIFE MISSION CHURCH
1325 DRY CREEK RDSAN JOSECA95125TAX EXEMPTCHARITABLE DONATION$48,108
COMPASSION INTERNATIONAL
12290 VOYAGER PKWYCOLORADO SPRINGSCO80921TAX EXEMPTCHARITABLE DONATION$536
GOOD SAMARITAN KOREAN CHURCH
2057 W FOOTHILL BLVDUPLANDCA91786TAX EXEMPTCHARITABLE DONATION$3,600
THE BETA FOUNDATION
9279 RESEARCH DRIRVINECA92618TAX EXEMPTCHARITABLE DONATION$100
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$52,344TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$329RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$240RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$27,701RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$28,270RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$28,270TotalIncomeProducingActyAmt

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 FEECategoryTxt
Amt$1,500Amt
Disbursements Charitable Prps$1,500DisbursementsCharitablePrpsAmt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (5 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
50 SHARES OF KLA CORPORATION2020-09PURCHASE2020-11$10,094$8,829$1,265
150 SHARES OF KLA CORPORATION2020-09PURCHASE2020-11$34,667$26,487$8,180
40000 SHARES OF RBS CTZNS PROVIDENCE2020-01PURCHASE2020-07$40,000$40,000
66 SHARES OF APPLE STOCK2019-10DONATION2020-01$20,668$15,987$4,681
134 SHARES OF APPLE STOCK2019-08DONATION2020-01$41,962$28,387$13,575

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail (2 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmt
OUTSTANDING CHECKS$37,845$20,388
LOAN FROM SHAREHOLDERS

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
CA CHARITABLE REGISTRY$50$50
FRANCHISE TAXES$10$10
OTHER TAXES$73$73

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