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CHANG & TSENG FAMILY FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
CHANG & TSENG FAMILY FOUNDATION (EIN 45-2882056)
Tax period
2018-07-01 to 2019-06-30
Filed
2019-09-03
IRS object ID
201942469349100059
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)
Return2019-09-03T09:34:25-07:00ReturnTs
Tax Period End2019-06-30TaxPeriodEndDt

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 Begin2018-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN452882056EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CHANG & TSENG FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCHANBusinessNameControlTxt
Phone4082605899PhoneNum

US Address USAddress

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

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSHIH CHANG CHANGPersonNm
Person TitlePresident & CEOPersonTitleTxt
Signature2019-08-31SignatureDt
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$1,529,492FMVAssetsEOYAmt
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$3,251InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$3,251InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$3,251InterestOnSavingsAdjNetIncmAmt
Total Rev And Expnss$3,251TotalRevAndExpnssAmt
Total Net Invst Incm$3,251TotalNetInvstIncmAmt
Total Adj Net Incm$3,251TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,510AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$1,510AccountingFeesChrtblPrpsAmt
Deprec And Dpltn Rev And Expnss$24,020DeprecAndDpltnRevAndExpnssAmt
Trav Conf Meeting Rev And Expnss$24,192TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$24,192TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$12,255OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$12,255OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$61,977TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$37,957TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$468ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$468ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$62,445TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$38,425TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$59,194ExcessRevenueOverExpensesAmt
Net Investment Income$3,251NetInvestmentIncomeAmt
Adjusted Net Income$3,251AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$202,864CashBOYAmt
Cash EOY$485,694CashEOYAmt
Cash EOYFMV$485,694CashEOYFMVAmt
Sav And Temp Cash Invst BOY$1,337,891SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,012,142SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,012,142SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl$12,656AcctRcvblAmt
Acct Rcvbl EOY$12,656AcctRcvblEOYAmt
Acct Rcvbl EOYFMV$12,656AcctRcvblEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$213,398LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$184,162LandBldgEquipAccumDeprecAmt
Land BOY$49,380LandBOYAmt
Land EOY$29,236LandEOYAmt
Land EOYFMV$19,000LandEOYFMVAmt
Total Assets BOY$1,590,135TotalAssetsBOYAmt
Total Assets EOY$1,539,728TotalAssetsEOYAmt
Total Assets EOYFMV$1,529,492TotalAssetsEOYFMVAmt
Accounts Payable BOY$823AccountsPayableBOYAmt
Accounts Payable EOY$9,610AccountsPayableEOYAmt
Total Liabilities BOY$823TotalLiabilitiesBOYAmt
Total Liabilities EOY$9,610TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$1,589,312RetainedEarningBOYAmt
Retained Earning EOY$1,530,118RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,589,312TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,530,118TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,590,135TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,539,728TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,589,312TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$59,194ExcessRevenueOverExpensesAmt
Subtotal$1,530,118SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,530,118TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$65InvestmentIncomeExciseTaxAmt
Subtotal$65SubtotalAmt
Tax Based On Investment Income$65TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$3,224EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$3,224TotalPaymentsAndCreditsAmt
Overpayment$3,159OverpaymentAmt
Applied To ES Tax$3,159AppliedToESTaxAmt

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 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
SHIH CHANG CHANG
10438 VISTA DRIVECUPERTINOCA95014President & CEO2.00$0
YUAN NING TSENG
10438 VISTA DRIVECUPERTINOCA95014Secretary & CFO2.00$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$1,512,779AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,512,779TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,512,779AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$22,692CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,490,087NetVlNoncharitableAssetsAmt
Minimum Investment Return$74,504MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$74,504MinimumInvestmentReturnAmt
Tax Based On Investment Income$65TaxBasedOnInvestmentIncomeAmt
Total Tax$65TotalTaxAmt
Distributable Before Adj$74,439DistributableBeforeAdjAmt
Distributable Before Ded$74,439DistributableBeforeDedAmt
Distributable As Adjusted$74,439DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$38,425ExpensesAndContributionsAmt
Charitable Assets Acquis Paid$3,877CharitableAssetsAcquisPaidAmt
Qualifying Distributions$42,302QualifyingDistributionsAmt
Adjusted Qualifying Distri$42,302AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$74,439DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$136,283ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$53,821ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$24,357ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$39,925ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$254,386TotalExcessDistributionCyovAmt
Qualifying Distributions$42,302QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$42,302AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$32,137ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$32,137ExcessDistributionCyovAppCYAmt
Total Corpus$222,249TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$104,146ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$118,103ExcessDistriCyovToNextYrAmt
Excess From Year4$53,821ExcessFromYear4Amt
Excess From Year3$24,357ExcessFromYear3Amt
Excess From Year2$39,925ExcessFromYear2Amt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonWorld VisionRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1PO Box 9716AddressLine1Txt
CityFederal WayCityNm
State AbbreviationWAStateAbbreviationCd
ZIP98063ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipDonationRecipientRelationshipTxt
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeTo an international partnership of Christians whose mission is to follow our Lord and Savior Jesus Christ in working with the poor and oppressed to promote human transformation, seek justice, and bear witness to the good news of Kingdom of God.GrantOrContributionPurposeTxt
Amt$468Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$468TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$3,251RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$3,251RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$3,251TotalIncomeProducingActyAmt

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 FeesCategoryTxt
Amt$1,510Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,510DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (12 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtRtRtCurrent Year ExpenseCurrentYearExpenseAmt
2013 PORCHE PANAMERA2015-04-04$96,543$60,341SL0.2000$19,309
APPLE COMPUTER2017-01-13$720$360SL0.3333$240
APPLE COMPUTER2017-01-17$2,365$1,182SL0.3333$788
IMPROVEMENT2016-08-12$1,000$300SL0.2000$200
IMPROVEMENT2016-10-03$6,550$1,965SL0.2000$1,310
IMPROVEMENT2016-10-21$7,050$2,115SL0.2000$1,410
IPAD2018-02-04$647$65SL0.2000$129
IPAD PRO2018-02-25$925$93SL0.2000$185
IPAD2019-01-12$722SL0.1000$72
APPLE COMPUTER2019-01-16$1,083SL0.1000$108
APPLE COMPUTER2019-01-25$1,147SL0.1000$115
IPHONE2019-06-04$925SL0.1667$154

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (3 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmtEOYFMVEOYFMVAmt
Auto./Transportation Equip.$168,772$151,879$16,893$10,000
Machinery and Equipment$24,026$18,983$5,043$4,000
Improvements$20,600$13,300$7,300$5,000

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Auto Expenses$2,728$2,728
Credit Card Cash Back-$45-$45
Dues and Subscriptions$238$238
Filing Fees$35$35
Meals and Entertainments$6,015$6,015
Office Supply$1,234$1,234
Repair and Maintenance$2,050$2,050

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