BETA

AMT FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
AMT FOUNDATION (EIN 27-4363969)
Tax period
2023-12-01 to 2024-11-30
Filed
2025-11-18
IRS object ID
202503239349100300
Schema version
2023v6.0
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)
Return2025-11-18T22:17:13-08:00ReturnTs
Tax Period End2024-11-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Miao CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line120280 PINNTAGE PKWYAddressLine1Txt
CityCUPERTINOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95014ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-12-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN274363969EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1AMT FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlAMTFBusinessNameControlTxt
Phone7753391933PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12240 Meridian BlvdAddressLine1Txt
CityMindenCityNm
State AbbreviationNVStateAbbreviationCd
ZIP89423ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPING LUOPersonNm
Person TitleCEOPersonTitleTxt
Phone7753391933PhoneNum
Signature2025-11-18SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDAVID MIAOPreparerPersonNm
PTINP00636106PTIN
Phone8184688709PhoneNum
Preparation2025-11-18PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,671,688FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$1,479InterestOnSavRevAndExpnssAmt
Dividends Rev And Expnss$74,111DividendsRevAndExpnssAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Gross Profit Rev And Expnss$0GrossProfitRevAndExpnssAmt
Other Income Rev And Expnss$0OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$75,590TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Oth Empl Slrs Wgs Rev And Expnss$7,481OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl$2,500OthEmplSlrsWgsDsbrsChrtblAmt
Legal Fees Rev And Expnss$0LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$0AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$0OtherProfFeesRevAndExpnssAmt
Taxes Rev And Expnss$5,064TaxesRevAndExpnssAmt
Deprec And Dpltn Rev And Expnss$86,254DeprecAndDpltnRevAndExpnssAmt
Trav Conf Meeting Rev And Expnss$7,921TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$7,921TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$42,989OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$42,989OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$149,709TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$53,410TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$10,109ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$10,109ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$159,818TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$63,519TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$84,228ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$77,181CashBOYAmt
Cash EOY$18,962CashEOYAmt
Cash EOYFMV$18,962CashEOYFMVAmt
Sav And Temp Cash Invst BOY$1,916,294SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$2,011,739SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$2,011,739SavAndTempCashInvstEOYFMVAmt
Rcvbl From Officers EOY$0RcvblFromOfficersEOYAmt
Other Nts And Loans Rcvbl EOY$0OtherNtsAndLoansRcvblEOYAmt
Land Bldg Investments EOY$0LandBldgInvestmentsEOYAmt
Other Investments EOY$0OtherInvestmentsEOYAmt
Land Bldg Equip Cost Or Other Bss$464,034LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$449,946LandBldgEquipAccumDeprecAmt
Land BOY$32,687LandBOYAmt
Land EOY$14,088LandEOYAmt
Land EOYFMV$14,088LandEOYFMVAmt
Other Assets BOY$694,554OtherAssetsBOYAmt
Other Assets EOY$626,899OtherAssetsEOYAmt
Other Assets EOYFMV$626,899OtherAssetsEOYFMVAmt
Total Assets BOY$2,720,716TotalAssetsBOYAmt
Total Assets EOY$2,671,688TotalAssetsEOYAmt
Total Assets EOYFMV$2,671,688TotalAssetsEOYFMVAmt
Loans From Officers EOY$0LoansFromOfficersEOYAmt
Mortgages And Notes Payable EOY$35,200MortgagesAndNotesPayableEOYAmt
Other Liabilities BOY$0OtherLiabilitiesBOYAmt
Other Liabilities EOY$0OtherLiabilitiesEOYAmt
Total Liabilities EOY$35,200TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$2,720,716CapitalStockBOYAmt
Capital Stock EOY$2,636,488CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$2,720,716TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,636,488TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,720,716TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,671,688TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,720,716TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$84,228ExcessRevenueOverExpensesAmt
Subtotal$2,636,488SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,636,488TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$0SubtotalAmt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Tax Due$0TaxDueAmt
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 SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationYes (true)PrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksPING LUOIndividualWithBooksNm
Phone7753391933PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12240 Meridian Blvd AAddressLine1Txt
CityMindenCityNm
State AbbreviationNVStateAbbreviationCd
ZIP89423ZIPCd
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
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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Ping Luo
1805 N Carson Street413Carson CityNV89701CEO20.00$0$0$0
Frank Fang
2240 Meridian BlvdMindenNV89423General Manager10.00$2,500$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

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1Support educations in medical,biological and engineering fields;Support Ceramic work of arts (ceramic museum);Support other Charitable Organizations Support and Honor American Heritage Aviation by restoring,maintening adn educational presenting vintage aircraft;tissue bank development for education and scienceDescription1Txt
Expenses1$63,519Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,011,740AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances-$16,238AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$640,987FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,636,489TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$2,636,489AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$39,547CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,596,942NetVlNoncharitableAssetsAmt
Minimum Investment Return$129,847MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd
Distributable As Adjusted$0DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$63,519ExpensesAndContributionsAmt
Qualifying Distributions$63,519QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$172,766ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$192,936ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$98,526ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$99,400ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$73,207ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$636,835TotalExcessDistributionCyovAmt
Qualifying Distributions$63,519QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$63,519RemainingDistriFromCorpusAmt
Total Corpus$700,354TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$172,766ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$527,588ExcessDistriCyovToNextYrAmt
Excess From Year4$192,936ExcessFromYear4Amt
Excess From Year3$98,526ExcessFromYear3Amt
Excess From Year2$99,400ExcessFromYear2Amt
Excess From Year1$73,207ExcessFromYear1Amt
Excess From Current Year$63,519ExcessFromCurrentYearAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$0CurrentYearAmt
Year1$0Year1Amt
Year2$0Year2Amt
Year3$0Year3Amt
Total$0TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$63,519CurrentYearAmt
Year1$73,207Year1Amt
Year2$99,400Year2Amt
Year3$98,526Year3Amt
Total$334,652TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$63,519CurrentYearAmt
Year1$73,207Year1Amt
Year2$99,400Year2Amt
Year3$98,526Year3Amt
Total$334,652TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$86,565CurrentYearAmt
Year1$89,517Year1Amt
Year2$94,226Year2Amt
Year3$95,267Year3Amt
Total$365,575TotalAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line1RecipientForeignAddress/AddressLine1TxtProvince Or StateRecipientForeignAddress/ProvinceOrStateNmCountryRecipientForeignAddress/CountryCd
University of California San Francisco
1701 Divisadero StSan FranciscoCA94155501(C)3Charitable$10,000
The British Museum
501(C)3Charitable$109Great Russell StLondonUK
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$10,109TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1,479RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$74,111RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescOTHERDesc

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$75,590RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$75,590TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line Number3&4LineNumberTxt
Relationship Statementfrom interest and dividends to self support foundations charitable activitiesRelationshipStatementTxt

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

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (6 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmt
Airplane (Purchased in 11/2014)$138,131$138,131$0
Airplane parts (Purchased in 11/2015)$17,610$17,610$0
Airplane parts (Purchased in 11/2016)$31,662$31,662$0
Aiplane Sheet Metal Hanger (Purchased 3/2015)$33,500$33,500$0
Airplance Sheet Metal Hanger (Purchased 2/2020)$60,542$46,454$14,088
Airplane Improvement (11/14-11/22)$182,589$182,589$0

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (3 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
Artwork for Office & Exhibition (acquired 2010-2019)$675,549$607,994$607,994
Auction house acquisition (purchased 06/2021)$1,005$905$905
Painting for office in Minden(Professor Xie)(purchased in 9/2021)$18,000$18,000$18,000

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
WEBSITE,INTERNET AND TELECOM$4,295$4,295
TRANSPORTATION$4,475$4,475
MANAGEMENT EXPENSE (HOAS AND FEES)$4,309$4,309
OFFICE SUPPLIES$17,503$17,503
DMV/GOVERNMENT$5,254$5,254
UTILITIES$7,153$7,153

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryTAXESCategoryTxt
Amt$5,064Amt

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