BETA

GREEN OCEAN FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
GREEN OCEAN FOUNDATION (EIN 82-0832382)
Tax period
2018-03-01 to 2019-02-28
Filed
2019-06-08
IRS object ID
201911599349100001
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)
Return2019-06-08T16:54:02-07:00ReturnTs
Tax Period End2019-02-28TaxPeriodEndDt

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 Begin2018-03-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN820832382EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GREEN OCEAN FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGREEBusinessNameControlTxt
Phone4082605899PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line110438 VISTA DRIVEAddressLine1Txt
CityCUPERTINOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95014ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonYUAN NING TSENGPersonNm
Person TitlePresident & CEOPersonTitleTxt
Signature2019-06-08SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSHUANG MAOPreparerPersonNm
PTINP00660082PTIN
Phone4083929977PhoneNum
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,041,109FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$689,109ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$8,290DividendsRevAndExpnssAmt
Dividends Net Invst Incm$8,290DividendsNetInvstIncmAmt
Dividends Adj Net Incm$8,290DividendsAdjNetIncmAmt
Total Rev And Expnss$697,399TotalRevAndExpnssAmt
Total Net Invst Incm$8,290TotalNetInvstIncmAmt
Total Adj Net Incm$8,290TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,442AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$1,442AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$1,029TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$1,029TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$1,677DeprecAndDpltnRevAndExpnssAmt
Trav Conf Meeting Rev And Expnss$62,548TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$62,548TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$36,465OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$36,465OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$103,161TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$101,484TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$103,161TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$101,484TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$594,238ExcessRevenueOverExpensesAmt
Net Investment Income$8,290NetInvestmentIncomeAmt
Adjusted Net Income$8,290AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$378,961SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$487,764SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$487,764SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$69,554CorporateStockBOYAmt
Corporate Stock EOY$556,677CorporateStockEOYAmt
Corporate Stock EOYFMV$552,345CorporateStockEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$5,758LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$3,473LandBldgEquipAccumDeprecAmt
Land BOY$3,962LandBOYAmt
Land EOY$2,285LandEOYAmt
Land EOYFMV$1,000LandEOYFMVAmt
Total Assets BOY$452,477TotalAssetsBOYAmt
Total Assets EOY$1,046,726TotalAssetsEOYAmt
Total Assets EOYFMV$1,041,109TotalAssetsEOYFMVAmt
Other Liabilities BOY$2,935OtherLiabilitiesBOYAmt
Other Liabilities EOY$2,946OtherLiabilitiesEOYAmt
Total Liabilities BOY$2,935TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,946TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$449,542RetainedEarningBOYAmt
Retained Earning EOY$1,043,780RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$449,542TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,043,780TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$452,477TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,046,726TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$449,542TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$594,238ExcessRevenueOverExpensesAmt
Subtotal$1,043,780SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,043,780TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$166InvestmentIncomeExciseTaxAmt
Subtotal$166SubtotalAmt
Tax Based On Investment Income$166TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$508EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$508TotalPaymentsAndCreditsAmt
Overpayment$342OverpaymentAmt
Applied To ES Tax$342AppliedToESTaxAmt

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 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 Line1SHIH CHANG CHANGBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4082605899PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line110438 VISTA DRIVEAddressLine1Txt
CityCUPERTINOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95014ZIPCd
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
YUAN NING TSENG
10438 VISTA DRIVECUPERTINOCA95014President & CEO4.00$0
SHIH CHANG CHANG
10438 VISTA DRIVECUPERTINOCA95014Secretary & CFO1.00$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$436,529AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$463,758AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$900,287TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$900,287AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$13,504CashDeemedCharitableAmt
Net Vl Noncharitable Assets$886,783NetVlNoncharitableAssetsAmt
Minimum Investment Return$44,339MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$44,339MinimumInvestmentReturnAmt
Tax Based On Investment Income$166TaxBasedOnInvestmentIncomeAmt
Total Tax$166TotalTaxAmt
Distributable Before Adj$44,173DistributableBeforeAdjAmt
Distributable Before Ded$44,173DistributableBeforeDedAmt
Distributable As Adjusted$44,173DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$101,484ExpensesAndContributionsAmt
Qualifying Distributions$101,484QualifyingDistributionsAmt
Adjusted Qualifying Distri$101,484AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$44,173DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$54,355ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$54,355TotalExcessDistributionCyovAmt
Qualifying Distributions$101,484QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$44,173AppliedToCurrentYearAmt
Remaining Distri From Corpus$57,311RemainingDistriFromCorpusAmt
Total Corpus$111,666TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$111,666ExcessDistriCyovToNextYrAmt
Excess From Year1$54,355ExcessFromYear1Amt
Excess From Current Year$57,311ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerYUAN NING TSENGContributingManagerNm
Contributing ManagerSHIH CHANG CHANGContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$8,290RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$8,290RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$8,290TotalIncomeProducingActyAmt

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 (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtNoncash ContributionNoncashContributionIndPerson ContributionPersonContributionInd
SHIH CHANG CHANG YUAN NING TSENG
110438 VISTA DRIVECUPERTINOCA95014$479,109Yes (X)
SHIH CHANG CHANG YUAN NING TSENG
210438 VISTA DRIVECUPERTINOCA95014$210,000Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property2742 SH APPLE STOCK TRADED ON NASDAQNoncashPropertyDesc
Fair Market Value$479,109FairMarketValueAmt
Received2018-05-10ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryAccounting FeeCategoryTxt
Amt$1,442Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,442DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (3 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtRtRtCurrent Year ExpenseCurrentYearExpenseAmt
COMPUTER2017-06-28$1,672$697200DB0.3889$650
PRINT2017-12-28$1,818$91200DB0.3800$691
LAPTOP2017-02-28$2,268$1,008200DB0.1481$336

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockTD Ameritrade #9992StockNm
EOY Book Value$556,677EOYBookValueAmt
EOYFMV$552,345EOYFMVAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemMachinery and EquipmentCategoryOrItemTxt
Cost Or Other Basis$5,758CostOrOtherBasisAmt
Accumulated Depreciation$3,473AccumulatedDepreciationAmt
Book Value$2,285BookValueAmt
EOYFMV$1,000EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (9 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Automobile Expense$2,543$2,543
Dues and Subscriptions Expense$640$640
Filing Expense$10$10
Meals and Entertainment$29,320$29,320
Office Expense$236$236
Office Supply$630$630
Parking & Tolls Expense$280$280
Postage Expense$4$4
Telephone Expense$2,802$2,802

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail (2 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmt
Credit Card Payable$2,935$920
Advance from Founder$2,026

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonSHIH CHANG CHANG YUAN NING TSENGPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line110438 VISTA DRIVEAddressLine1Txt
CityCUPERTINOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95014ZIPCd

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryIncome Tax ExpenseCategoryTxt
Amt$1,029Amt
Disbursements Charitable Prps$1,029DisbursementsCharitablePrpsAmt

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