LI & YE FAMILY FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
LI & YE FAMILY FOUNDATION (EIN 87-1849249)
Tax period
2024-07-01 to 2025-06-30
Filed
2025-09-08
IRS object ID
202542519349101009
Schema version
2024v5.2
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)
Return2025-09-08T10:11:36-07:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

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 Begin2024-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN871849249EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LI & YE FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLI&YBusinessNameControlTxt
Phone6504769354PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14603 BORINA DRAddressLine1Txt
CitySAN JOSECityNm
State AbbreviationCAStateAbbreviationCd
ZIP95129ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHAOPENG LIPersonNm
Person TitleCEOPersonTitleTxt
Signature2025-09-08SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSHUANG MAOPreparerPersonNm
PTINP00660082PTIN
Phone4083929977PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,277,946FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$69,306ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$9,583DividendsRevAndExpnssAmt
Dividends Net Invst Incm$9,583DividendsNetInvstIncmAmt
Dividends Adj Net Incm$9,583DividendsAdjNetIncmAmt
Total Rev And Expnss$78,889TotalRevAndExpnssAmt
Total Net Invst Incm$9,583TotalNetInvstIncmAmt
Total Adj Net Incm$9,583TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$2,462AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$2,462AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$198TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$198TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$174DeprecAndDpltnRevAndExpnssAmt
Trav Conf Meeting Rev And Expnss$66TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$66TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$1,538OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$1,538OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$4,438TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$4,264TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$7,565ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$7,565ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$12,003TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$11,829TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$66,886ExcessRevenueOverExpensesAmt
Net Investment Income$9,583NetInvestmentIncomeAmt
Adjusted Net Income$9,583AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$12,044CashBOYAmt
Cash EOY$9,931CashEOYAmt
Cash EOYFMV$9,931CashEOYFMVAmt
Corporate Stock BOY$70,702CorporateStockBOYAmt
Corporate Stock EOY$140,009CorporateStockEOYAmt
Corporate Stock EOYFMV$1,267,990CorporateStockEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$1,042LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,042LandBldgEquipAccumDeprecAmt
Land BOY$174LandBOYAmt
Land EOYFMV$25LandEOYFMVAmt
Total Assets BOY$82,920TotalAssetsBOYAmt
Total Assets EOY$149,940TotalAssetsEOYAmt
Total Assets EOYFMV$1,277,946TotalAssetsEOYFMVAmt
Other Liabilities EOY$134OtherLiabilitiesEOYAmt
Total Liabilities EOY$134TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$82,920RetainedEarningBOYAmt
Retained Earning EOY$149,806RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$82,920TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$149,806TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$82,920TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$149,940TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$82,920TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$66,886ExcessRevenueOverExpensesAmt
Subtotal$149,806SubtotalAmt
Tot Net Ast Or Fund Balances EOY$149,806TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$133InvestmentIncomeExciseTaxAmt
Subtotal$133SubtotalAmt
Tax Based On Investment Income$133TaxBasedOnInvestmentIncomeAmt
Tax Due$133TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

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 ContributorsYes (true)NewSubstantialContributorsInd
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 Line1HAOPENG LIBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6504769354PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14603 BORINA DRAddressLine1Txt
CitySAN JOSECityNm
State AbbreviationCAStateAbbreviationCd
ZIP95129ZIPCd
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
HAOPENG LI
4603 BORINA DRSAN JOSECA95129CEO1.00$0
HENG YE
4603 BORINA DRSAN JOSECA95129Secretary1.00$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$736,543AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$10,773AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$747,316TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$747,316AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$11,210CashDeemedCharitableAmt
Net Vl Noncharitable Assets$736,106NetVlNoncharitableAssetsAmt
Minimum Investment Return$36,805MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$36,805MinimumInvestmentReturnAmt
Tax Based On Investment Income$133TaxBasedOnInvestmentIncomeAmt
Total Tax$133TotalTaxAmt
Distributable Before Adj$36,672DistributableBeforeAdjAmt
Distributable Before Ded$36,672DistributableBeforeDedAmt
Distributable As Adjusted$36,672DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$11,829ExpensesAndContributionsAmt
Qualifying Distributions$11,829QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$36,672DistributableAsAdjustedAmt
Undistributed Income PY$3,109UndistributedIncomePYAmt
Qualifying Distributions$11,829QualifyingDistributionsAmt
Applied To Year1$3,109AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$8,720AppliedToCurrentYearAmt
Undistributed Income CY$27,952UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerHAOPENG LIContributingManagerNm
Contributing ManagerHENG YEContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Blue Hills Educational Fund
12300 De Sanka AveSaratogaCA95070DonationPCTo support educational opportunities and resources for students in the Blue Hills district.$5,250
Blue Hill PTA
12300 De Sanka AveSaratogaCA95070DonationPCTo enhance the educational experience of students through parent-teacher collaboration and school support.$115
Gardens of Golden Gate Park
100 John F Kennedy DrSan FranciscoCA94118DonationPCTo preserve, sustain, and enhance the gardens within Golden Gate Park for public enjoyment and education.$1,000
The Tech Interactive
201 S Market StSan JoseCA95113DonationPCTo inspire the innovator in everyone through hands-on science and technology experiences.$1,200
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$7,565TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$9,583RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$9,583RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$9,583TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonHAOPENG LI AND HENG YEContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line14603 BORINA DRAddressLine1Txt
CitySAN JOSECityNm
State AbbreviationCAStateAbbreviationCd
ZIP95129ZIPCd
FieldValueIRS element (for citing)
Total Contributions$419,078TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property1920 SH AVGO STOCK TRADED ON NASDAQNoncashPropertyDesc
Fair Market Value$419,078FairMarketValueAmt
Received2024-12-13ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryAccounting FeesCategoryTxt
Amt$2,462Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$2,462DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp

FieldValueIRS element (for citing)
PropertyCOMPUTERPropertyDesc
Acquired2021-07-21AcquiredDt
Cost Or Other Basis$1,042CostOrOtherBasisAmt
Prior Year Depreciation$868PriorYearDepreciationAmt
Computation MethodSLComputationMethodTxt
Rt0.1667Rt
Current Year Expense$174CurrentYearExpenseAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockCharles Schwab - 0674StockNm
EOY Book Value$140,009EOYBookValueAmt
EOYFMV$1,267,990EOYFMVAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemMachinery and EquipmentCategoryOrItemTxt
Cost Or Other Basis$1,042CostOrOtherBasisAmt
Accumulated Depreciation$1,042AccumulatedDepreciationAmt
EOYFMV$25EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Automobile Expense$78$78
Bank Service Charges$289$289
Filing Expense$25$25
Meals and Entertainment$334$334
Office Supplies$812$812

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescCredit Card PayableDesc
EOY Book Value$134EOYBookValueAmt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonHAOPENG LI AND HENG YEPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line14603 BORINA DRAddressLine1Txt
CitySAN JOSECityNm
State AbbreviationCAStateAbbreviationCd
ZIP95129ZIPCd

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryIncome tax - IRSCategoryTxt
Amt$198Amt
Disbursements Charitable Prps$198DisbursementsCharitablePrpsAmt

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