WANGSONG FAMILY FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
WANGSONG FAMILY FOUNDATION (EIN 46-1586372)
Tax period
2018-11-01 to 2019-10-31
Filed
2020-03-11
IRS object ID
202040719349100759
Schema version
2018v3.1
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)
Return2020-03-11T11:59:35-00:00ReturnTs
Tax Period End2019-10-31TaxPeriodEndDt
Return Type990PFReturnTypeCd
Tax Period Begin2018-11-01TaxPeriodBeginDt

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
Phone4082129778PhoneNum
Signature2020-03-11SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonWINSTON W LEE CPAPreparerPersonNm
Phone7075295480PhoneNum
Preparation2020-03-11PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$281,550FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Interest On Sav Rev And Expnss$861InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$861InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$861InterestOnSavingsAdjNetIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Gross Sales Less Ret And Allwnc$124,012GrossSalesLessRetAndAllwncAmt
Cost Of Goods Sold$100,343CostOfGoodsSoldAmt
Gross Profit Rev And Expnss$23,669GrossProfitRevAndExpnssAmt
Other Income Rev And Expnss$9OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$24,539TotalRevAndExpnssAmt
Total Net Invst Incm$861TotalNetInvstIncmAmt
Total Adj Net Incm$861TotalAdjNetIncmAmt
Taxes Rev And Expnss$18TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$40OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$58TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$14,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$14,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$14,058TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$14,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$10,481ExcessRevenueOverExpensesAmt
Net Investment Income$861NetInvestmentIncomeAmt
Adjusted Net Income$861AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$3,171CashBOYAmt
Cash EOY$61,145CashEOYAmt
Cash EOYFMV$61,145CashEOYFMVAmt
Sav And Temp Cash Invst BOY$254,555SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$220,405SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$220,405SavAndTempCashInvstEOYFMVAmt
Inventories BOY$13,343InventoriesBOYAmt
Total Assets BOY$271,069TotalAssetsBOYAmt
Total Assets EOY$281,550TotalAssetsEOYAmt
Total Assets EOYFMV$281,550TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$271,069UnrestrictedBOYAmt
Unrestricted EOY$281,550UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$271,069TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$281,550TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$271,069TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$281,550TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$271,069TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$10,481ExcessRevenueOverExpensesAmt
Subtotal$281,550SubtotalAmt
Tot Net Ast Or Fund Balances EOY$281,550TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$20,591AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$293,724NetVlNoncharitableAssetsYr1Amt
Distribution Yr1000.070103DistributionYr1Rt
Adjusted Qlfy Distri Yr2$4,235AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$326,554NetVlNoncharitableAssetsYr2Amt
Distribution Yr2000.012969DistributionYr2Rt
Adjusted Qlfy Distri Yr3$18,500AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$319,347NetVlNoncharitableAssetsYr3Amt
Distribution Yr3000.057931DistributionYr3Rt
Adjusted Qlfy Distri Yr4$17,989AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$340,878NetVlNoncharitableAssetsYr4Amt
Distribution Yr4000.052773DistributionYr4Rt
Adjusted Qlfy Distri Yr5$16,990AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$343,642NetVlNoncharitableAssetsYr5Amt
Distribution Yr5000.049441DistributionYr5Rt
Total Distribution000.243217TotalDistributionRt
Average Distribution000.048643AverageDistributionRt
Net Vl Noncharitable Assets$266,780NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$12,977AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$9NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$12,986AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$14,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$9InvestmentIncomeExciseTaxAmt
Subtotal$9SubtotalAmt
Tax Based On Investment Income$9TaxBasedOnInvestmentIncomeAmt
Tax Due$9TaxDueAmt

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 RqrYes (true)ComplyWithPublicInspRqrInd
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 SECRETARY028.00$0

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1LELAND STANFORD JR. UNIVERSITY CONTRIBUTION FOR PURPOSE OF SUPPORTING HIGHER EDUCATION.Description1Txt
Expenses1$10,000Expenses1Amt
Description2SUMMERDALE ELEMENTARY SCHOOL CONTRIBUTION FOR PURPOSE OF SUPPORTING SCHOOL ACADEMIC ACTIVITIESDescription2Txt
Expenses2$4,000Expenses2Amt
FieldValueIRS element (for citing)
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$270,843AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$270,843TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$270,843AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$4,063CashDeemedCharitableAmt
Net Vl Noncharitable Assets$266,780NetVlNoncharitableAssetsAmt
Minimum Investment Return$13,339MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$13,339MinimumInvestmentReturnAmt
Tax Based On Investment Income$9TaxBasedOnInvestmentIncomeAmt
Total Tax$9TotalTaxAmt
Distributable Before Adj$13,330DistributableBeforeAdjAmt
Distributable Before Ded$13,330DistributableBeforeDedAmt
Distributable As Adjusted$13,330DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$14,000ExpensesAndContributionsAmt
Qualifying Distributions$14,000QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$9PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$13,991AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$13,330DistributableAsAdjustedAmt
Undistributed Income PY$3,388UndistributedIncomePYAmt
Qualifying Distributions$14,000QualifyingDistributionsAmt
Applied To Year1$3,388AppliedToYear1Amt
Applied To Current Year$10,612AppliedToCurrentYearAmt
Undistributed Income CY$2,718UndistributedIncomeCYAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Private Operating Fndtn Ruling2013-04-21PrivateOperatingFndtnRulingDt
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$861CurrentYearAmt
Year1$907Year1Amt
Year2$150Year2Amt
Year3$150Year3Amt
Total$2,068TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Current Year$732CurrentYearAmt
Year1$771Year1Amt
Year2$128Year2Amt
Year3$128Year3Amt
Total$1,759TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$14,000CurrentYearAmt
Year1$20,600Year1Amt
Year2$4,235Year2Amt
Year3$18,500Year3Amt
Total$57,335TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$14,000CurrentYearAmt
Year1$20,600Year1Amt
Year2$4,235Year2Amt
Year3$18,500Year3Amt
Total$57,335TotalAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
Current Year$270,843CurrentYearAmt
Year1$298,197Year1Amt
Year2$280,259Year2Amt
Year3$322,691Year3Amt
Total$1,171,990TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$8,893CurrentYearAmt
Year1$9,791Year1Amt
Year2$10,885Year2Amt
Year3$11,143Year3Amt
Total$40,712TotalAmt

Gross Investment Income GrossInvestmentIncomeGrp

FieldValueIRS element (for citing)
Current Year$861CurrentYearAmt
Year1$907Year1Amt
Year2$925Year2Amt
Year3$974Year3Amt
Total$3,667TotalAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerXIN-NING SONGContributingManagerNm

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 (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
SUMMERDALE ELEMENTARY SCHOOL
1100 SUMMERDALE DRIVESAN JOSECA95152NONESUPPORT ACADEMIC ACTIVITIES$4,000
LELAND STANFORD JR UNIVERSITY
326 GALVEZ STPALO ALTOCA94305NONESUPPORT ACADEMIC ACTIVITIES$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$14,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$861RelatedOrExemptFunctionIncmAmt

Gross Profit Loss Sls Of Invntry GrossProfitLossSlsOfInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$23,669RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$24,530RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$24,530TotalIncomeProducingActyAmt

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 FOUNDATON IS TO PROVIDE EDUCATIONAL RESOURCES TO SCHOOL AGE
2CHILDREN. THE FOUNDATIONS DONATIONS TO STANFORD UNIVERSITY AND SUMMERDALE
3ELEMENTARY SCHOOL.
5THE FOUNDATION DISTRIBUTES EDUCATIONAL SOFTWARES IN AFFORDABLE PRICE TO ALL
6INTERESTED STUDENTS, INCLUDING LESS PRIVILEGED STUDENTS. FOR STUDENTS WHO COULD NOT,
7AFFORD, THE FOUNDATION HAS PROVIDED THE LEARNING SOFTWARES FOR FREE. DURING WEEKENDS,
8THE FOUNDATION ALSO PROVIDES FREE TUTORING SERIVCES TO STUDENTS. IN FISCAL YEAR 2018,
9THE 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

Accounting Fees Schedule AccountingFeesSchedule

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescBANKING FEESDesc
Revenue And Expenses Per Books$40RevenueAndExpensesPerBooksAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescTAX REFUNDDesc
Revenue And Expenses Per Books$9RevenueAndExpensesPerBooksAmt

Sales Of Inventory List SalesOfInventoryList

Inventory Sale InventorySaleGrp

FieldValueIRS element (for citing)
CategoryEDUCATION SOFTWARECategoryTxt
Gross Sales$124,012GrossSalesAmt
Cost Of Goods Sold$100,343CostOfGoodsSoldAmt
Net$23,669NetAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryUS TREASURYCategoryTxt
Amt$18Amt

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