BETA

J & S FAMILY FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
J & S FAMILY FOUNDATION (EIN 26-1363311)
Tax period
2024-10-01 to 2025-09-30
Filed
2025-10-23
IRS object ID
202512969349101421
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)
Return2025-10-23T16:17:01-07:00ReturnTs
Tax Period End2025-09-30TaxPeriodEndDt

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 Begin2024-10-01TaxPeriodBeginDt

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 SOMERVILLE DRIVEAddressLine1Txt
CitySARATOGACityNm
State AbbreviationCAStateAbbreviationCd
ZIP95070ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLILI LIPersonNm
Person TitleSecretaryPersonTitleTxt
Signature2025-10-23SignatureDt
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$1,413,454FMVAssetsEOYAmt
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$15InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$15InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$15InterestOnSavingsAdjNetIncmAmt
Gross Rents Rev And Expnss$36,000GrossRentsRevAndExpnssAmt
Gross Rents Net Invst Incm$36,000GrossRentsNetInvstIncmAmt
Gross Rents Adj Net Incm$36,000GrossRentsAdjNetIncmAmt
Net Rental Income Or Loss$3,726NetRentalIncomeOrLossAmt
Total Rev And Expnss$36,015TotalRevAndExpnssAmt
Total Net Invst Incm$36,015TotalNetInvstIncmAmt
Total Adj Net Incm$36,015TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,672AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$1,672AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$17TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$17TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$7,696DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm$7,696DeprecAndDpltnNetInvstIncmAmt
Other Expenses Rev And Expnss$28,399OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$24,578OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$28,399OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$37,784TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$32,274TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$30,088TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$3,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$3,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$40,784TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$32,274TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$33,088TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$4,769ExcessRevenueOverExpensesAmt
Net Investment Income$3,741NetInvestmentIncomeAmt
Adjusted Net Income$36,015AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$136,710CashBOYAmt
Cash EOY$145,627CashEOYAmt
Cash EOYFMV$145,627CashEOYFMVAmt
Sav And Temp Cash Invst BOY$17,110SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$11,120SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$11,120SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl$186AcctRcvblAmt
Acct Rcvbl BOY$186AcctRcvblBOYAmt
Acct Rcvbl EOY$186AcctRcvblEOYAmt
Acct Rcvbl EOYFMV$186AcctRcvblEOYFMVAmt
Invst Land Cost Or Other Basis$649,556InvstLandCostOrOtherBasisAmt
Land Bldg Investments BOY$649,556LandBldgInvestmentsBOYAmt
Land Bldg Investments EOY$649,556LandBldgInvestmentsEOYAmt
Land Bldg Investments EOYFMV$649,556LandBldgInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$764,080LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$155,103LandBldgEquipAccumDeprecAmt
Land BOY$616,673LandBOYAmt
Land EOY$608,977LandEOYAmt
Land EOYFMV$606,965LandEOYFMVAmt
Total Assets BOY$1,420,235TotalAssetsBOYAmt
Total Assets EOY$1,415,466TotalAssetsEOYAmt
Total Assets EOYFMV$1,413,454TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,420,235RetainedEarningBOYAmt
Retained Earning EOY$1,415,466RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,420,235TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,415,466TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,420,235TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,415,466TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,420,235TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$4,769ExcessRevenueOverExpensesAmt
Subtotal$1,415,466SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,415,466TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$52InvestmentIncomeExciseTaxAmt
Subtotal$52SubtotalAmt
Tax Based On Investment Income$52TaxBasedOnInvestmentIncomeAmt
Tax Due$52TaxDueAmt
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 LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
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 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 SOMERVILLE 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
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
QINGPING ZHENG
19601 SOMERVILLE 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$146,844AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$146,844TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$146,844AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,203CashDeemedCharitableAmt
Net Vl Noncharitable Assets$144,641NetVlNoncharitableAssetsAmt
Minimum Investment Return$7,232MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$7,232MinimumInvestmentReturnAmt
Tax Based On Investment Income$52TaxBasedOnInvestmentIncomeAmt
Total Tax$52TotalTaxAmt
Distributable Before Adj$7,180DistributableBeforeAdjAmt
Distributable Before Ded$7,180DistributableBeforeDedAmt
Distributable As Adjusted$7,180DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$33,088ExpensesAndContributionsAmt
Qualifying Distributions$33,088QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$7,180DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$17,961ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$32,821ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$22,296ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$23,708ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$26,718ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$123,504TotalExcessDistributionCyovAmt
Qualifying Distributions$33,088QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$7,180AppliedToCurrentYearAmt
Remaining Distri From Corpus$25,908RemainingDistriFromCorpusAmt
Total Corpus$149,412TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$17,961ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$131,451ExcessDistriCyovToNextYrAmt
Excess From Year4$32,821ExcessFromYear4Amt
Excess From Year3$22,296ExcessFromYear3Amt
Excess From Year2$23,708ExcessFromYear2Amt
Excess From Year1$26,718ExcessFromYear1Amt
Excess From Current Year$25,908ExcessFromCurrentYearAmt

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 (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
International Performing Arts of Am
1387 Bing DrSan JoseCA95120DonationPCTo comprise professionally trained dancers, including graduates of the Beijing Dance Academy, who are well-versed in Chinese classical and folk dance, ethnic dance, ballet and other forms. Coming from diverse backgrounds, our team bonds over dance as our common language to communicate with the world.$1,000
Silicon Valley Community Media
3350 Scott Blvd Building 54Santa ClaraCA95054DonationPCFor dedicated to presenting stories that convey the richness & diversity of Asian-American experiences to Silicon Valley and beyond.$2,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$3,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$15RelatedOrExemptFunctionIncmAmt

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

FieldValueIRS element (for citing)
Business531390BusinessCd
Unrelated Business Taxbl Incm$3,726UnrelatedBusinessTaxblIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$3,726UnrelatedBusinessTaxblIncmAmt
Related Or Exempt Function Incm$15RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$3,741TotalIncomeProducingActyAmt

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 ExpensesCategoryTxt
Amt$1,672Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,672DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (3 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtRtRtCurrent Year ExpenseCurrentYearExpenseAmtNet Investment IncomeNetInvestmentIncomeAmt
BUILDING2010-10-12$181,929$92,341SL0.0364$6,615$6,615
IMPROVEMENT2019-10-24$10,000$4,500SL0.1000$1,000$1,000
WASHER2022-05-31$706$503200DB0.1152$81$81

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$500
Furniture and Fixtures$328$328$50
Machinery and Equipment$3,235$3,113$60$122
Buildings$181,929$98,956$82,973$82,973
Improvements$21,100$16,600$2,000$4,500
Land$521,382$521,382$521,382

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
Auto Expenses$1,638$1,638
Bank Fees$85$85
Filing Fee$25$25
Insurance Expense$2,073$2,073
Rental Expenses$24,578$24,578$24,578

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryIncome Tax - IRSCategoryTxt
Amt$17Amt
Disbursements Charitable Prps$17DisbursementsCharitablePrpsAmt

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