BETA

GREEN OCEAN FOUNDATION: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
GREEN OCEAN FOUNDATION (EIN 82-0832382)
Tax period
2017-03-01 to 2018-02-28
Filed
2018-06-23
IRS object ID
201841749349100004
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 ReturnHeader

FieldValueIRS element (for citing)
Return2018-06-23T14:22:51-07:00ReturnTs
Tax Period End2018-02-28TaxPeriodEndDt

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 Begin2017-03-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN820832382EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GREEN OCEAN FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGREEBusinessNameControlTxt
Phone4082605899PhoneNum

US Address USAddress

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

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonYUAN NING TSENGPersonNm
Person TitlePresident & CEOPersonTitleTxt
Phone4082282067PhoneNum
Signature2018-06-23SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSHUANG MAOPreparerPersonNm
PTINP00660082PTIN
Phone4083929977PhoneNum
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Initial ReturnYes (X)InitialReturnInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$451,015FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$494,444ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$1,745DividendsRevAndExpnssAmt
Dividends Net Invst Incm$1,745DividendsNetInvstIncmAmt
Dividends Adj Net Incm$1,745DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$23,574NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$368,018GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$23,574CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$23,574NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$519,763TotalRevAndExpnssAmt
Total Net Invst Incm$25,319TotalNetInvstIncmAmt
Total Adj Net Incm$25,319TotalAdjNetIncmAmt
Deprec And Dpltn Rev And Expnss$1,796DeprecAndDpltnRevAndExpnssAmt
Trav Conf Meeting Rev And Expnss$29,844TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$29,844TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$38,581OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$38,581OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$70,221TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$68,425TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$70,221TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$68,425TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$449,542ExcessRevenueOverExpensesAmt
Net Investment Income$25,319NetInvestmentIncomeAmt
Adjusted Net Income$25,319AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst EOY$378,961SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$378,961SavAndTempCashInvstEOYFMVAmt
Corporate Stock EOY$69,554CorporateStockEOYAmt
Corporate Stock EOYFMV$69,554CorporateStockEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$5,758LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,796LandBldgEquipAccumDeprecAmt
Land EOY$3,962LandEOYAmt
Land EOYFMV$2,500LandEOYFMVAmt
Total Assets EOY$452,477TotalAssetsEOYAmt
Total Assets EOYFMV$451,015TotalAssetsEOYFMVAmt
Other Liabilities EOY$2,935OtherLiabilitiesEOYAmt
Total Liabilities EOY$2,935TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning EOY$449,542RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances EOY$449,542TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$0TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$452,477TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Excess Revenue Over Expenses$449,542ExcessRevenueOverExpensesAmt
Subtotal$449,542SubtotalAmt
Tot Net Ast Or Fund Balances EOY$449,542TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPer Scottrade #5331PropertyDesc
How AcquiredPHowAcquiredCd
Acquired2017-04-01AcquiredDt
Sold2017-04-01SoldDt
Gross Sales Price$368,018GrossSalesPriceAmt
Cost Or Other Basis$344,444CostOrOtherBasisAmt
Gain Or Loss$23,574GainOrLossAmt
Gains Minus Excess Or Losses$23,574GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$23,574CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$23,574NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$506InvestmentIncomeExciseTaxAmt
Subtotal$506SubtotalAmt
Tax Based On Investment Income$506TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$15EsPenaltyAmt
Tax Due$521TaxDueAmt

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 ContributorsYes (true)NewSubstantialContributorsInd
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

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
YUAN NING TSENG
10438 VISTA DRIVECUPERTINOCA95014President & CEO4.00$0
SHIH CHANG CHANG
10438 VISTA DRIVECUPERTINOCA95014Secretary & CFO1.00$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$412,866AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$412,866TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$412,866AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$6,193CashDeemedCharitableAmt
Net Vl Noncharitable Assets$406,673NetVlNoncharitableAssetsAmt
Minimum Investment Return$20,334MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$20,334MinimumInvestmentReturnAmt
Tax Based On Investment Income$506TaxBasedOnInvestmentIncomeAmt
Total Tax$506TotalTaxAmt
Distributable Before Adj$19,828DistributableBeforeAdjAmt
Distributable Before Ded$19,828DistributableBeforeDedAmt
Distributable As Adjusted$19,828DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$68,425ExpensesAndContributionsAmt
Charitable Assets Acquis Paid$5,758CharitableAssetsAcquisPaidAmt
Qualifying Distributions$74,183QualifyingDistributionsAmt
Adjusted Qualifying Distri$74,183AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$19,828DistributableAsAdjustedAmt
Qualifying Distributions$74,183QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$19,828AppliedToCurrentYearAmt
Remaining Distri From Corpus$54,355RemainingDistriFromCorpusAmt
Total Corpus$54,355TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$54,355ExcessDistriCyovToNextYrAmt
Excess From Current Year$54,355ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1,745RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$23,574RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$25,319RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$25,319TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtNoncash ContributionNoncashContributionIndPerson ContributionPersonContributionInd
SHIH CHANG CHANG YUAN NING TSENG
110438 VISTA DRIVECUPERTINOCA95014$363,760Yes (X)
SHIH CHANG CHANG YUAN NING TSENG
210438 VISTA DRIVECUPERTINOCA95014$150,000Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property2442 SH APPLE STOCK TRADED ON NASDAQNoncashPropertyDesc
Fair Market Value$363,760FairMarketValueAmt
Received2017-05-05ReceivedDt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (3 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtComputation MethodComputationMethodTxtRtRtCurrent Year ExpenseCurrentYearExpenseAmt
COMPUTER2017-06-28$1,672200DB0.4167$697
PRINT2017-12-28$1,818200DB0.0500$91
LAPTOP2017-02-28$2,268200DB0.4445$1,008

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockTD Ameritrade #9992StockNm
EOY Book Value$69,554EOYBookValueAmt
EOYFMV$69,554EOYFMVAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemMachinery and EquipmentCategoryOrItemTxt
Cost Or Other Basis$5,758CostOrOtherBasisAmt
Accumulated Depreciation$1,796AccumulatedDepreciationAmt
Book Value$3,962BookValueAmt
EOYFMV$2,500EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (9 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Automobile Expense$778$778
Bank Service Charge$25$25
Dues and Subscriptions Expense$205$205
Meals and Entertainment$29,477$29,477
Office Expense$61$61
Office Supply$2,575$2,575
Parking & Tolls Expense$22$22
Set-up Fee$4,747$4,747
Telephone Expense$691$691

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescCredit Card PayableDesc
EOY Book Value$2,935EOYBookValueAmt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonSHIH CHANG CHANG YUAN NING TSENGPersonNm

US Address USAddress

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

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.