TSAI FAMILY FOUNDATION: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization: TSAI FAMILY FOUNDATION (EIN 20-3439013)
Tax period: 2017-01-01 to 2017-12-31
Filed: 2018-05-03
IRS object ID: 201841239349101064
Schema version: 2017v2.2
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
Form 990-PF
Other Expenses Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2018-05-03T13:37:44-07:00	ReturnTs
Tax Period End	2017-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	LEUNG & YEE INC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	39111 PASEO PADRE PKY 318	AddressLine1Txt
City	FREMONT	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	945381695	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	203439013	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	TSAI FAMILY FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	TSAI	BusinessNameControlTxt
Phone	4086708888	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	28620 MATADERO CREEK CT	AddressLine1Txt
City	LOS ALTOS	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94022	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	MIKE TSAI	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	4086708888	PhoneNum
Signature	2018-05-03	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	LINDA LEUNG CPA	PreparerPersonNm
PTIN	P00735466	PTIN
Phone	5107968228	PhoneNum

Field	Value	IRS element (for citing)
Tax	2017	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$3,024	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Dividends Rev And Expnss	$34	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$34	DividendsNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm	$0	CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss	$34	TotalRevAndExpnssAmt
Total Net Invst Incm	$34	TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss	$1,750	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$875	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$875	AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss	$55	TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss	$8	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$8	OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss	$1,813	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$883	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$875	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$11,400	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$11,400	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$13,213	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$883	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$12,275	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$13,179	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$16,203	CashBOYAmt
Cash EOY	$3,024	CashEOYAmt
Cash EOYFMV	$3,024	CashEOYFMVAmt
Total Assets BOY	$16,203	TotalAssetsBOYAmt
Total Assets EOY	$3,024	TotalAssetsEOYAmt
Total Assets EOYFMV	$3,024	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind
Unrestricted BOY	$16,203	UnrestrictedBOYAmt
Unrestricted EOY	$3,024	UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY	$16,203	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$3,024	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$16,203	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$3,024	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$16,203	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$13,179	ExcessRevenueOverExpensesAmt
Subtotal	$3,024	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$3,024	TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Adjusted Qlfy Distri Yr1	$11,072	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$15,341	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	0.721726	DistributionYr1Rt
Adjusted Qlfy Distri Yr2	$11,985	AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2	$7,897	NetVlNoncharitableAssetsYr2Amt
Distribution Yr2	1.517665	DistributionYr2Rt
Adjusted Qlfy Distri Yr3	$10,315	AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3	$20,514	NetVlNoncharitableAssetsYr3Amt
Distribution Yr3	0.502827	DistributionYr3Rt
Adjusted Qlfy Distri Yr4	$13,558	AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4	$29,123	NetVlNoncharitableAssetsYr4Amt
Distribution Yr4	0.465543	DistributionYr4Rt
Adjusted Qlfy Distri Yr5	$12,663	AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5	$28,108	NetVlNoncharitableAssetsYr5Amt
Distribution Yr5	0.450512	DistributionYr5Rt
Total Distribution	3.658273	TotalDistributionRt
Average Distribution	0.731655	AverageDistributionRt
Net Vl Noncharitable Assets	$9,470	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$6,929	AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct	$6,929	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$12,275	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	$0	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Tax Based On Investment Income	$0	TaxBasedOnInvestmentIncomeAmt
Applied To ES Tax	$0	AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	false	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	CA	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	MIKE TSAI	IndividualWithBooksNm
Phone	4086708888	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	28620 MATADERO CREEK CT	AddressLine1Txt
City	LOS ALTOS	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94022	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	MIKE TSAI	PersonNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	28620 MATADERO CREEK CT	AddressLine1Txt
City	LOS ALTOS	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94022	ZIPCd

Field	Value	IRS element (for citing)
Title	PRESIDENT	TitleTxt
Average Hrs Per Wk Devoted To Pos	5.00	AverageHrsPerWkDevotedToPosRt
Compensation	$0	CompensationAmt
Employee Benefit Program	$0	EmployeeBenefitProgramAmt
Expense Account Other Allwnc	$0	ExpenseAccountOtherAllwncAmt

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

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$9,614	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$9,614	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$9,614	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$144	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$9,470	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$474	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$474	MinimumInvestmentReturnAmt
Distributable Before Adj	$474	DistributableBeforeAdjAmt
Distributable Before Ded	$474	DistributableBeforeDedAmt
Distributable As Adjusted	$474	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$12,275	ExpensesAndContributionsAmt
Qualifying Distributions	$12,275	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$12,275	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$474	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5	$11,261	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$12,162	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$9,459	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$11,720	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$10,561	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$55,163	TotalExcessDistributionCyovAmt
Qualifying Distributions	$12,275	QualifyingDistributionsAmt
Applied To Current Year	$474	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$11,801	RemainingDistriFromCorpusAmt
Total Corpus	$66,964	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$11,261	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$55,703	ExcessDistriCyovToNextYrAmt
Excess From Year4	$12,162	ExcessFromYear4Amt
Excess From Year3	$9,459	ExcessFromYear3Amt
Excess From Year2	$11,720	ExcessFromYear2Amt
Excess From Year1	$10,561	ExcessFromYear1Amt
Excess From Current Year	$11,801	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	NONE	ContributingManagerNm
Shareholder Manager	NONE	ShareholderManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
PBCC
10601 North Blaney Ave	Cupertino	CA	95014	PUBLICEXEMPT	SPREAD THE GOSPEL	$11,100
Intervarsity
6400 Schroeder Rd	Madison	WI	53707	PUBLICEXEMPT	SPREAD THE GOSPEL	$300

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$11,400	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$34	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$34	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$34	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

Field	Value	IRS element (for citing)
Desc	BANK FEE	Desc
Revenue And Expenses Per Books	$8	RevenueAndExpensesPerBooksAmt
Net Investment Income	$8	NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	STATE FEES	CategoryTxt
Amt	$55	Amt

TSAI FAMILY FOUNDATION: Form 990PF, tax year 2017

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

US Address USAddress

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

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