KAY FAMILY FOUNDATION: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- KAY FAMILY FOUNDATION (EIN 55-0883567)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-11-15
- IRS object ID
- 201813199349104971
- Schema version
- 2017v2.3
- 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
- Form 990-PF
- Accounting Fees Schedule
- General Explanation Attachment
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-11-15T17:04:23-06:00 | ReturnTs |
| Tax Period End | 2017-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 331197384 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ANDERSEN TAX LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3200 PARK CENTER DRIVE STE 1200 | AddressLine1Txt |
| City | COSTA MESA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92626 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2017-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 550883567 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE KAY FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | KAYF | BusinessNameControlTxt |
| Phone | 9493792300 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 16381 SCIENTIFIC WAY NO 812 | AddressLine1Txt |
| City | IRVINE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92618 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ELIM KAY | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 9493792300 | PhoneNum |
| Signature | 2018-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | NANCY YUM | PreparerPersonNm |
| PTIN | P01472995 | PTIN |
| Phone | 9498854550 | PhoneNum |
| Preparation | 2018-11-15 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 76.81.216.50 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2018-11-15 | IPDt |
| IP Tm | 17:02:59 | IPTm |
| IP Timezone | PS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | BBC6FF48F749624228983DC5C77016F783C914CC | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | DC0456A352FA9E307B2AB963C1AA5BCE91C5D552 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $36,859,437 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $105 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $112 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $55,903 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,938,206 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $243,906 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $243,906 | GrossRentsNetInvstIncmAmt |
| Net Rental Income Or Loss | $243,906 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | $1,009,833 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,067,734 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $943,241 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $1,309,747 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $3,125,465 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $88,247 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $0 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $88,247 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $1,162 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $0 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $1,162 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $12,034 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $12,034 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $16,988 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $8,494 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $8,494 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $682,000 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $620,000 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $662,000 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $72,295 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $41,626 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $5,680 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $46,383 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $46,383 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $0 | DeprecAndDpltnAdjNetIncmAmt |
| Trav Conf Meeting Rev And Expnss | $78,667 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $0 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $78,667 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $167,355 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $601,335 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $46,651 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,165,131 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $1,317,838 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $902,935 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $244,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,409,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,409,631 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $1,317,838 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,312,435 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$99,884 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,807,627 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $1,159,064 | CashBOYAmt |
| Cash EOY | $1,191,006 | CashEOYAmt |
| Cash EOYFMV | $1,191,006 | CashEOYFMVAmt |
| Prepaid Expenses BOY | $69,269 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $51,255 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $51,255 | PrepaidExpensesEOYFMVAmt |
| Invst Land Cost Or Other Basis | $2,600,622 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $307,578 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $2,339,427 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $2,293,044 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $2,293,044 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $33,377,243 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $33,324,132 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $33,324,132 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $34,025 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $36,979,028 | TotalAssetsBOYAmt |
| Total Assets EOY | $36,859,437 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $36,859,437 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $650,449 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $127,177 | AccountsPayableEOYAmt |
| Grants Payable BOY | $3,878,000 | GrantsPayableBOYAmt |
| Grants Payable EOY | $2,663,000 | GrantsPayableEOYAmt |
| Other Liabilities BOY | $10,904 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $10,904 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $4,539,353 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,801,081 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $32,439,675 | UnrestrictedBOYAmt |
| Unrestricted EOY | $34,058,356 | UnrestrictedEOYAmt |
| Permanently Restricted EOY | $0 | PermanentlyRestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $32,439,675 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $34,058,356 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $36,979,028 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $36,859,437 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $32,439,675 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$99,884 | ExcessRevenueOverExpensesAmt |
| Other Increases | $1,722,175 | OtherIncreasesAmt |
| Subtotal | $34,061,966 | SubtotalAmt |
| Other Decreases | $3,610 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $34,058,356 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| FIDELITY #8260 | P | $317,455 | $172,490 | $144,965 | $144,965 |
| FIDELITY #8286 | P | $1,750,279 | $952,003 | $798,276 | $798,276 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $943,241 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $943,241 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,778,044 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $36,035,025 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.049342 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $1,884,641 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $35,224,855 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.053503 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $1,465,440 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $32,928,865 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.044503 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $1,726,383 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $30,714,476 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.056207 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $1,294,275 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $28,424,416 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.045534 | DistributionYr5Rt |
| Total Distribution | 0.249089 | TotalDistributionRt |
| Average Distribution | 0.049818 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $37,575,924 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,871,957 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $18,076 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,890,033 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $2,312,435 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $18,076 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $18,076 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $18,076 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $0 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $0 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $562 | EsPenaltyAmt |
| Tax Due | $18,638 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | Yes (1) | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | ELIM KAY | IndividualWithBooksNm |
| Phone | 9493792300 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 16381 SCIENTIFIC WAY | AddressLine1Txt |
| City | IRVINE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92618 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | Yes (1) | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Undistr Incm Sect4942a2 Not App | 0 | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | Yes (1) | TransactionsFailToQlfyAsExcInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| STEEVE KAY | ||||||||
| 16381 SCIENTIFIC WAY | IRVINE | CA | 92618 | DIRECTOR, CHAIR | 5.00 | $0 | $0 | $0 |
| ELEANOR KAY | ||||||||
| 16381 SCIENTIFIC WAY | IRVINE | CA | 92618 | DIRECTOR, SECRETARY | 4.00 | $0 | $0 | $0 |
| ETHAN KAY | ||||||||
| 16381 SCIENTIFIC WAY | IRVINE | CA | 92618 | DIRECTOR, FINANCE | 4.00 | $0 | $0 | $0 |
| ELIM KAY | ||||||||
| 16381 SCIENTIFIC WAY | IRVINE | CA | 92618 | DIRECTOR, PRESIDENT | 25.00 | $0 | $0 | $0 |
| TIMOTHY TANG | ||||||||
| 16381 SCIENTIFIC WAY | IRVINE | CA | 92618 | DIRECTOR, GRANTS | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $36,667,846 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,480,300 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $38,148,146 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $38,148,146 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $572,222 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $37,575,924 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,878,796 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,878,796 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $18,076 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $18,076 | TotalTaxAmt |
| Distributable Before Adj | $1,860,720 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,860,720 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $1,860,720 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,312,435 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $2,312,435 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $18,076 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $2,294,359 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,860,720 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr2 | $34,016 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $33,445 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $67,461 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $2,312,435 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,860,720 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $451,715 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $519,176 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $519,176 | ExcessDistriCyovToNextYrAmt |
| Excess From Year2 | $34,016 | ExcessFromYear2Amt |
| Excess From Year1 | $33,445 | ExcessFromYear1Amt |
| Excess From Current Year | $451,715 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | STEEVE KAY | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | ELIM KAY | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 16381 SCIENTIFIC WAY | AddressLine1Txt |
| City | IRVINE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92618 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 9493792300 | RecipientPhoneNum |
| Form And Info And Materials | N/A | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | N/A | SubmissionDeadlinesTxt |
| Restrictions On Awards | N/A | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ASSOCIATION FOR COMPUTING MACHINERY INC | |||||||
| PO BOX 3077 | NEW YORK | NY | 10087 | NONE | PUBLIC CHARITY | EDUCATIONAL | $4,000 |
| ORANGE COUNTY COMMUNITY FOUNDATION | |||||||
| 4041 MACARTHUR BLVD 510 | NEWPORT BEACH | CA | 92660 | NONE | PUBLIC CHARITY | EDUCATIONAL | $5,000 |
| CHAPMAN UNIVERSITY | |||||||
| ONE DUNIVERSITY DRIVE | ORANGE | CA | 92866 | NONE | PUBLIC CHARITY | EDUCATIONAL | $50,000 |
| CODE ORANGE ROBOTICS INC | |||||||
| 24861 DANAFIR | DANA POINT | CA | 92629 | NONE | PUBLIC CHARITY | EDUCATIONAL | $5,000 |
| PACIFIC CHARTER SCHOOL DEVELOPMENT | |||||||
| 600 WILSHIRE BLVD 200 | LOS ANGELES | CA | 90017 | NONE | PUBLIC CHARITY | EDUCATIONAL | $6,500 |
| UCLA MEDICAL HOSPITALITY PROGRAM | |||||||
| 100 UCLA MEDICAL PLAZA | LOS ANGELES | CA | 90095 | NONE | PUBLIC CHARITY | EDUCATIONAL | $24,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $94,500 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (2 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ASIAN AMERICANS ADVANCING JUSTICE - LA | |||||||
| 1145 WILSHIRE BLVD | LOS ANGELES | CA | 90017 | NONE | PUBLIC CHARITY | EDUCATIONAL | $100,000 |
| UCI FOUNDATION | |||||||
| 3151 SOCIAL SCIENCES PLAZA | IRVINE | CA | 92697 | NONE | PUBLIC CHARITY | EDUCATIONAL | $50,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $150,000 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $105 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $55,903 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $243,906 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,009,833 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $1,309,747 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,309,747 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $16,988 | Amt |
| Net Investment Income | $8,494 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $8,494 | DisbursementsCharitablePrpsAmt |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990-PF, PART VII-B, LINE 5B | FormAndLineReferenceDesc |
| Medium Explanation | ON APRIL 24, 2017, THE KAY FAMILY FOUNDATION (THE "FOUNDATION") MADE A GRANT TO AN INDIVIDUAL IN THE AMOUNT OF $3,500. THE FOUNDATION MANAGER WAS UNAWARE THAT A FOUNDATION IS REQUIRED TO GET ADVANCE APPROVAL FROM THE INTERNAL REVENUE SERVICE.GOING FORWARD, THE FOUNDATION WILL ONLY MAKE GRANTS TO INDIVIDUALS IN ACCORDANCE WITH PROCEDURES APPROVED IN ADVANCE BY THE INTERNAL REVENUE SERVICE. | MediumExplanationTxt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | OTHER INVESTMENTS | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $33,324,132 | BookValueAmt |
| EOYFMV | $33,324,132 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $12,034 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $12,034 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER RECEIVABLES | Desc |
| BOY Book Value | $34,025 | BOYBookValueAmt |
| EOY Book Value | $0 | EOYBookValueAmt |
| EOYFMV | $0 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NON-DEDUCTIBLE EXPENSES | Desc |
| Amt | $3,610 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (14 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| ASSOCIATION FEES | $13,272 | $13,272 | $0 | $0 |
| DUES AND SUBSCRIPTION | $12,050 | $0 | $0 | $12,050 |
| INSURANCE | $685 | $0 | $0 | $685 |
| INVESTMENT MANAGEMENT FEES | $103,256 | $583,887 | $0 | $0 |
| IT EXPENSE | $572 | $0 | $0 | $572 |
| MARKETING EXPENSES | $490 | $0 | $0 | $490 |
| MEALS AND EXPENSES | $20,799 | $0 | $0 | $20,799 |
| OFFICE EXPENSE | $573 | $0 | $0 | $573 |
| OTHER EXPENSES | $9,167 | $0 | $0 | $9,167 |
| PAYROLL FEES | $2,305 | $0 | $0 | $2,305 |
| REPAIRS | $4,071 | $4,071 | $0 | $0 |
| STATE FILING FEE | $10 | $0 | $0 | $10 |
| TELEPHONE EXPENSE | $70 | $70 | $0 | $0 |
| UTILITIES | $35 | $35 | $0 | $0 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN/LOSS | Desc |
| Amt | $1,722,175 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SECURITY DEPOSIT | Desc |
| BOY Book Value | $10,904 | BOYBookValueAmt |
| EOY Book Value | $10,904 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | OTHER PROFESSIONAL FEES | CategoryTxt |
| Amt | $682,000 | Amt |
| Net Investment Income | $620,000 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $662,000 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | $24,989 | $0 | $0 | $0 |
| STATE INCOME TAX | $900 | $900 | $0 | $0 |
| PAYROLL TAX | $5,680 | $0 | $0 | $5,680 |
| PROPERTY TAX | $40,726 | $40,726 | $0 | $0 |
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