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J & S FAMILY FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
J & S FAMILY FOUNDATION (EIN 26-1363311)
Tax period
2020-10-01 to 2021-09-30
Filed
2021-12-10
IRS object ID
202143449349101009
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)
Return2021-12-10T12:47:40-08:00ReturnTs
Tax Period End2021-09-30TaxPeriodEndDt

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 Begin2020-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN261363311EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1J & S FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlJ&SFBusinessNameControlTxt
Phone4087728857PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line119601 SOMERVILLE DRIVEAddressLine1Txt
CitySARATOGACityNm
State AbbreviationCAStateAbbreviationCd
ZIP95070ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLILI LIPersonNm
Person TitleSecretaryPersonTitleTxt
Signature2021-12-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstLILIPersonFirstNm
Person LastLIPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSHUANG MAOPreparerPersonNm
PTINP00660082PTIN
Phone4083929977PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
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$1,453,146FMVAssetsEOYAmt
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$68InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$68InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$68InterestOnSavingsAdjNetIncmAmt
Gross Rents Rev And Expnss$19,200GrossRentsRevAndExpnssAmt
Gross Rents Net Invst Incm$19,200GrossRentsNetInvstIncmAmt
Gross Rents Adj Net Incm$19,200GrossRentsAdjNetIncmAmt
Net Rental Income Or Loss-$21,340NetRentalIncomeOrLossAmt
Total Rev And Expnss$19,268TotalRevAndExpnssAmt
Total Net Invst Incm$19,268TotalNetInvstIncmAmt
Total Adj Net Incm$19,268TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,050AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$1,050AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$6,252TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$6,252TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$8,725DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm$8,725DeprecAndDpltnNetInvstIncmAmt
Other Expenses Rev And Expnss$34,005OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$31,815OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$34,005OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$50,032TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$40,540TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$41,307TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$50,032TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$40,540TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$41,307TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$30,764ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$19,268AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$41,397CashBOYAmt
Cash EOY$61,291CashEOYAmt
Cash EOYFMV$61,291CashEOYFMVAmt
Sav And Temp Cash Invst BOY$141,935SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$100,002SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$100,002SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl$187AcctRcvblAmt
Acct Rcvbl BOY$187AcctRcvblBOYAmt
Acct Rcvbl EOY$187AcctRcvblEOYAmt
Acct Rcvbl EOYFMV$187AcctRcvblEOYFMVAmt
Invst Land Cost Or Other Basis$649,556InvstLandCostOrOtherBasisAmt
Land Bldg Investments BOY$649,556LandBldgInvestmentsBOYAmt
Land Bldg Investments EOY$649,556LandBldgInvestmentsEOYAmt
Land Bldg Investments EOYFMV$649,556LandBldgInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$763,374LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$121,974LandBldgEquipAccumDeprecAmt
Land BOY$650,125LandBOYAmt
Land EOY$641,400LandEOYAmt
Land EOYFMV$642,110LandEOYFMVAmt
Total Assets BOY$1,483,200TotalAssetsBOYAmt
Total Assets EOY$1,452,436TotalAssetsEOYAmt
Total Assets EOYFMV$1,453,146TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,483,200RetainedEarningBOYAmt
Retained Earning EOY$1,452,436RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,483,200TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,452,436TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,483,200TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,452,436TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,483,200TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$30,764ExcessRevenueOverExpensesAmt
Subtotal$1,452,436SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,452,436TotNetAstOrFundBalancesEOYAmt

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 Line1LILI LIBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4087728857PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line119601 SOMERVILLE DRIVEAddressLine1Txt
CitySARATOGACityNm
State AbbreviationCAStateAbbreviationCd
ZIP95070ZIPCd
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
QINGPING ZHENG
19601 SOMERVILLE DRIVESARATOGACA95070President & CEO4.00$0
LILI LI
19601 SOMERVILLER DRIVESARATOGACA95070Secretary4.00$0
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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$172,312AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$172,312TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$172,312AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,585CashDeemedCharitableAmt
Net Vl Noncharitable Assets$169,727NetVlNoncharitableAssetsAmt
Minimum Investment Return$8,486MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$8,486MinimumInvestmentReturnAmt
Distributable Before Adj$8,486DistributableBeforeAdjAmt
Distributable Before Ded$8,486DistributableBeforeDedAmt
Distributable As Adjusted$8,486DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$41,307ExpensesAndContributionsAmt
Qualifying Distributions$41,307QualifyingDistributionsAmt
Adjusted Qualifying Distri$41,307AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$8,486DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$14,812ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$17,961ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$32,773TotalExcessDistributionCyovAmt
Qualifying Distributions$41,307QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$8,486AppliedToCurrentYearAmt
Remaining Distri From Corpus$32,821RemainingDistriFromCorpusAmt
Total Corpus$65,594TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$65,594ExcessDistriCyovToNextYrAmt
Excess From Year2$14,812ExcessFromYear2Amt
Excess From Year1$17,961ExcessFromYear1Amt
Excess From Current Year$32,821ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerQINGPING ZHENGContributingManagerNm
Contributing ManagerLILI LIContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$68RelatedOrExemptFunctionIncmAmt

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

FieldValueIRS element (for citing)
Business531390BusinessCd
Unrelated Business Taxbl Incm-$21,340UnrelatedBusinessTaxblIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm-$21,340UnrelatedBusinessTaxblIncmAmt
Related Or Exempt Function Incm$68RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$21,272TotalIncomeProducingActyAmt

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$1,050Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,050DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (4 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtRtRtCurrent Year ExpenseCurrentYearExpenseAmtNet Investment IncomeNetInvestmentIncomeAmt
BUILDING2010-10-12$181,929$65,877SL0.0364$6,615$6,615
IMPROVEMENT2013-07-08$6,000$4,275SL0.1000$600$600
IMPROVEMENT2013-08-20$5,100$3,634SL0.1000$510$510
IMPROVEMENT2019-10-24$10,000$500SL0.1000$1,000$1,000

Investments Land Schedule2 InvestmentsLandSchedule2

Investment Land InvestmentLandGrp (3 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtBook ValueBookValueAmtEOYFMVEOYFMVAmt
Buildings$473,739$473,739$473,739
Improvements$20,000$20,000$20,000
Land$155,817$155,817$155,817

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (6 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtEOYFMVEOYFMVAmtBook ValueBookValueAmt
Auto./Transportation Equip.$36,106$36,106$500
Furniture and Fixtures$328$328$10
Machinery and Equipment$2,529$2,529$200
Buildings$181,929$72,492$109,437$109,437
Improvements$21,100$10,519$10,581$10,581
Land$521,382$521,382$521,382

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
Auto Expenses$200$200
Bank Services Fee$310$310
Filing Expense$35$35
Insurance Expense$1,625$1,625
Office Expenses$20$20
Rental Expenses$31,815$31,815$31,815

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryIncome Tax - IRSCategoryTxt
Amt$6,252Amt
Disbursements Charitable Prps$6,252DisbursementsCharitablePrpsAmt

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