KATHY SHIH MEMORIAL FOUNDATION INC: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
KATHY SHIH MEMORIAL FOUNDATION INC (EIN 27-1669285)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-10
IRS object ID
202503149349102935
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)
Return2025-11-10T15:56:56-08:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN943291411PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1L LEUNG INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line139111 PASEO PADRE PKWY 318AddressLine1Txt
CityFREMONTCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94538ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN271669285EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Kathy Shih Memorial Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlKATHBusinessNameControlTxt
Phone5105990453PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 15088AddressLine1Txt
CityFremontCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94539ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLILY SHIHPersonNm
Person TitleCEOPersonTitleTxt
Phone5105990453PhoneNum
Signature2025-11-10SignatureDt
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 PersonLINDA LEUNG CPAPreparerPersonNm
PTINP00735466PTIN
Phone5109088019PhoneNum
Preparation2025-11-10PreparationDt
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$496,983FMVAssetsEOYAmt
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$17InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$17InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$14,978DividendsRevAndExpnssAmt
Dividends Net Invst Incm$14,978DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$25,713NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$193,683GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$25,713CapGainNetIncmNetInvstIncmAmt
Gross Profit Rev And Expnss$0GrossProfitRevAndExpnssAmt
Other Income Rev And Expnss$0OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$40,708TotalRevAndExpnssAmt
Total Net Invst Incm$40,708TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$0LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$6,300AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$6,300AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$5,066OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$5,066OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$25TaxesRevAndExpnssAmt
Deprec And Dpltn Rev And Expnss$0DeprecAndDpltnRevAndExpnssAmt
Other Expenses Rev And Expnss$0OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$11,391TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$11,366TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$153,143ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$153,143ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$164,534TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$11,366TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$153,143TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$123,826ExcessRevenueOverExpensesAmt
Net Investment Income$29,342NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$21,244CashBOYAmt
Cash EOY$11,776CashEOYAmt
Cash EOYFMV$11,776CashEOYFMVAmt
Sav And Temp Cash Invst BOY$5,029SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$5,029SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$5,029SavAndTempCashInvstEOYFMVAmt
Rcvbl From Officers EOY$0RcvblFromOfficersEOYAmt
Other Nts And Loans Rcvbl EOY$0OtherNtsAndLoansRcvblEOYAmt
Corporate Stock BOY$530,545CorporateStockBOYAmt
Corporate Stock EOY$416,187CorporateStockEOYAmt
Corporate Stock EOYFMV$480,178CorporateStockEOYFMVAmt
Land Bldg Investments EOY$0LandBldgInvestmentsEOYAmt
Other Investments EOY$0OtherInvestmentsEOYAmt
Land EOY$0LandEOYAmt
Other Assets BOY$0OtherAssetsBOYAmt
Other Assets EOY$0OtherAssetsEOYAmt
Other Assets EOYFMV$0OtherAssetsEOYFMVAmt
Total Assets BOY$556,818TotalAssetsBOYAmt
Total Assets EOY$432,992TotalAssetsEOYAmt
Total Assets EOYFMV$496,983TotalAssetsEOYFMVAmt
Loans From Officers EOY$0LoansFromOfficersEOYAmt
Mortgages And Notes Payable EOY$0MortgagesAndNotesPayableEOYAmt
Other Liabilities BOY$0OtherLiabilitiesBOYAmt
Other Liabilities EOY$0OtherLiabilitiesEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$556,818RetainedEarningBOYAmt
Retained Earning EOY$432,992RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$556,818TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$432,992TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$556,818TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$432,992TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$556,818TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$123,826ExcessRevenueOverExpensesAmt
Subtotal$432,992SubtotalAmt
Tot Net Ast Or Fund Balances EOY$432,992TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPublicly traded securitiesPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2023-12-31AcquiredDt
Sold2024-12-31SoldDt
Gross Sales Price$193,683GrossSalesPriceAmt
Depreciation$0DepreciationAmt
Cost Or Other Basis$167,970CostOrOtherBasisAmt
Gain Or Loss$25,713GainOrLossAmt
FMV As Of123169$0FMVAsOf123169Amt
Adjusted Basis As Of123169$0AdjustedBasisAsOf123169Amt
Excess FMV Over Adjusted Bss$0ExcessFMVOverAdjustedBssAmt
Gains Minus Excess Or Losses$25,713GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$25,713CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$408InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$408SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$408TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,077EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$2,077TotalPaymentsAndCreditsAmt
Original Return Overpayment-$2,077OriginalReturnOverpaymentAmt
Overpayment$1,669OverpaymentAmt
Applied To ES Tax$1,669AppliedToESTaxAmt

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 Line1L Leung IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5107968228PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line139111 Paseo Padre Pkwy 318AddressLine1Txt
CityFremontCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94538ZIPCd
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

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
Lily Shih
PO Box 15088FremontCA94539CEO2.00$0$0$0
Barbara Kuo
PO Box 15088FremontCA94539CFO/Secretary2.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$564,578AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$21,540AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$586,118TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$586,118AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$8,792CashDeemedCharitableAmt
Net Vl Noncharitable Assets$577,326NetVlNoncharitableAssetsAmt
Minimum Investment Return$28,866MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$28,866MinimumInvestmentReturnAmt
Tax Based On Investment Income$408TaxBasedOnInvestmentIncomeAmt
Total Tax$408TotalTaxAmt
Distributable Before Adj$28,458DistributableBeforeAdjAmt
Distributable Before Ded$28,458DistributableBeforeDedAmt
Distributable As Adjusted$28,458DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$153,143ExpensesAndContributionsAmt
Qualifying Distributions$153,143QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$28,458DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$0ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$0ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$0ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$0ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$33,153ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$33,153TotalExcessDistributionCyovAmt
Qualifying Distributions$153,143QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$28,458AppliedToCurrentYearAmt
Remaining Distri From Corpus$124,685RemainingDistriFromCorpusAmt
Total Corpus$157,838TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$0ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$157,838ExcessDistriCyovToNextYrAmt
Excess From Year4$0ExcessFromYear4Amt
Excess From Year3$0ExcessFromYear3Amt
Excess From Year2$0ExcessFromYear2Amt
Excess From Year1$33,153ExcessFromYear1Amt
Excess From Current Year$124,685ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
MEALS ON WHEELS
2235 POLVOROSA AVE STE 260SAN LEANDROCA94577PCTO PROVIDE MEALSFOR HOMEBOUND SENIORS$2,643
GLIDE MEMORIAL CHURCH
330 ELLIS STREETSAN FRANCISCOCA94102PCTO PROVIDE MEALSAND CARE FOR THEPOOR AND HOMELESS$500
BRAIN CHEMISTRY LABS
1130 S HIGHWAY 89 STE DJACKSONWY83001PCTO SUPPORT RESEARCH INTO BRAIN ILLNESSES$150,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$153,143TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$17ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$14,978ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$25,713ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$40,708ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$40,708TotalIncomeProducingActyAmt

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)
CategoryL LEUNG, INC. BOOKKEEPING & TAXCategoryTxt
Amt$6,300Amt
Net Investment Income$6,300NetInvestmentIncomeAmt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

FieldValueIRS element (for citing)
AssetPublicly traded securitiesAssetDesc
How AcquiredPurchasedHowAcquiredTxt
Sold2024-12SoldDt
Gross Sales Price$193,683GrossSalesPriceAmt
Basis$167,970BasisAmt
Total Net$25,713TotalNetAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockSCHWAB ****-4234StockNm
EOY Book Value$416,187EOYBookValueAmt
EOYFMV$480,178EOYFMVAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryCHARLES SCHWAB INVESTMENT ADVISORYCategoryTxt
Amt$5,066Amt
Net Investment Income$5,066NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFiling feeCategoryTxt
Amt$25Amt

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