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J & S FAMILY FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
J & S FAMILY FOUNDATION (EIN 26-1363311)
Tax period
2018-10-01 to 2019-09-30
Filed
2019-11-27
IRS object ID
201933319349100208
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)
Return2019-11-27T15:01:29-08:00ReturnTs
Tax Period End2019-09-30TaxPeriodEndDt

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 Begin2018-10-01TaxPeriodBeginDt

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 SOMERVILLER DRIVEAddressLine1Txt
CitySARATOGACityNm
State AbbreviationCAStateAbbreviationCd
ZIP95070ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLILI LIPersonNm
Person TitleSecretaryPersonTitleTxt
Signature2019-11-27SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSHUANG MAOPreparerPersonNm
PTINP00660082PTIN
Phone4083929977PhoneNum
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-03-31 21:24:44ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,479,156FMVAssetsEOYAmt
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$1,093InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1,093InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$1,093InterestOnSavingsAdjNetIncmAmt
Gross Rents Rev And Expnss$25,187GrossRentsRevAndExpnssAmt
Gross Rents Net Invst Incm$25,187GrossRentsNetInvstIncmAmt
Gross Rents Adj Net Incm$25,187GrossRentsAdjNetIncmAmt
Net Rental Income Or Loss-$2,861NetRentalIncomeOrLossAmt
Total Rev And Expnss$26,280TotalRevAndExpnssAmt
Total Net Invst Incm$26,280TotalNetInvstIncmAmt
Total Adj Net Incm$26,280TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$880AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$880AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$37TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$37TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$7,725DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm$7,725DeprecAndDpltnNetInvstIncmAmt
Other Expenses Rev And Expnss$20,657OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$20,323OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$20,657OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$29,299TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$28,048TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$21,574TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$3,620ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$3,620ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$32,919TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$28,048TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$25,194TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$6,639ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$26,280AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$829,769CashBOYAmt
Cash EOY$181,112CashEOYAmt
Cash EOYFMV$181,112CashEOYFMVAmt
Sav And Temp Cash Invst EOY$187SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$187SavAndTempCashInvstEOYFMVAmt
Invst Land Cost Or Other Basis$649,556InvstLandCostOrOtherBasisAmt
Land Bldg Investments EOY$649,556LandBldgInvestmentsEOYAmt
Land Bldg Investments EOYFMV$649,556LandBldgInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$753,374LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$105,022LandBldgEquipAccumDeprecAmt
Land BOY$656,077LandBOYAmt
Land EOY$648,352LandEOYAmt
Land EOYFMV$648,301LandEOYFMVAmt
Total Assets BOY$1,485,846TotalAssetsBOYAmt
Total Assets EOY$1,479,207TotalAssetsEOYAmt
Total Assets EOYFMV$1,479,156TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$1,485,846RetainedEarningBOYAmt
Retained Earning EOY$1,479,207RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,485,846TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,479,207TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,485,846TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,479,207TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,485,846TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$6,639ExcessRevenueOverExpensesAmt
Subtotal$1,479,207SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,479,207TotNetAstOrFundBalancesEOYAmt

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
Form990 T FiledfalseForm990TFiledInd
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 SOMERVILLER 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
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd
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 SOMERVILLER 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$315,132AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$315,132TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$315,132AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$4,727CashDeemedCharitableAmt
Net Vl Noncharitable Assets$310,405NetVlNoncharitableAssetsAmt
Minimum Investment Return$15,520MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$15,520MinimumInvestmentReturnAmt
Distributable Before Adj$15,520DistributableBeforeAdjAmt
Distributable Before Ded$15,520DistributableBeforeDedAmt
Distributable As Adjusted$15,520DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$25,194ExpensesAndContributionsAmt
Charitable Assets Acquis Paid$20,000CharitableAssetsAcquisPaidAmt
Qualifying Distributions$45,194QualifyingDistributionsAmt
Adjusted Qualifying Distri$45,194AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$15,520DistributableAsAdjustedAmt
Undistributed Income PY$14,862UndistributedIncomePYAmt
Qualifying Distributions$45,194QualifyingDistributionsAmt
Applied To Year1$14,862AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$15,520AppliedToCurrentYearAmt
Remaining Distri From Corpus$14,812RemainingDistriFromCorpusAmt
Total Corpus$14,812TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$14,812ExcessDistriCyovToNextYrAmt
Excess From Current Year$14,812ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Wisdom Culture And Education Organi
44599 S Grimmer BlvdFremontCA94538DonationPCTo help children develop cultural awareness and heighten their knowledge of global communities through interactive lessons and activities.$120
Orion Abacus Association
40087 Mission Blvd Unit 162FremontCA94539DonationPCTo helping students improve their arithmetic skills.$1,500
Fangcao Reading Circle
195 Monroe DrPalo AltoCA94306DonationPCTo provide the power of reading to the children who are learning Chinese in the U.S. and to the children in the remote rural areas of China.$2,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$3,620TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1,093RelatedOrExemptFunctionIncmAmt

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

FieldValueIRS element (for citing)
Business531390BusinessCd
Unrelated Business Taxbl Incm-$2,861UnrelatedBusinessTaxblIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm-$2,861UnrelatedBusinessTaxblIncmAmt
Related Or Exempt Function Incm$1,093RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$1,768TotalIncomeProducingActyAmt

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$880Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$880DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (3 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtRtRtCurrent Year ExpenseCurrentYearExpenseAmtNet Investment IncomeNetInvestmentIncomeAmt
BUILDING2010-10-12$181,929$52,645SL0.0364$6,615$6,615
IMPROVEMENT2013-07-08$6,000$3,075SL0.1000$600$600
IMPROVEMENT2013-08-20$5,100$2,614SL0.1000$510$510

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$2,000
Furniture and Fixtures$328$328$50
Machinery and Equipment$2,529$2,529$200
Buildings$181,929$59,260$122,669$122,669
Improvements$11,100$6,799$2,000$4,301
Land$521,382$521,382$521,382

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
Bank Services Fee$208$208
Filing Expense$30$30
Office Expenses$96$96
Rental Expenses$20,323$20,323$20,323

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryIncome TaxCategoryTxt
Amt$37Amt
Disbursements Charitable Prps$37DisbursementsCharitablePrpsAmt

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