BETA

SHENG FOUNDATION: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
SHENG FOUNDATION (EIN 20-5771799)
Tax period
2016-10-01 to 2017-09-30
Filed
2018-02-15
IRS object ID
201800469349100325
Schema version
2016v3.0
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)
Return2018-02-15T15:14:27-08:00ReturnTs
Tax Period End2017-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Eric Zhang & Associates LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1920 Hillview Court 180AddressLine1Txt
CityMilpitasCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95035ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN205771799EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE SHENG FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSHENBusinessNameControlTxt
Phone4089963893PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line17718 SEEBER CTAddressLine1Txt
CityCUPERTINOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95014ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHIEN JU SHENGPersonNm
Person TitleSecretaryPersonTitleTxt
Signature2018-02-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonERIC ZHANG CPAPreparerPersonNm
PTINP00548506PTIN
Phone4084358828PhoneNum
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$648,186FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$9,362DividendsRevAndExpnssAmt
Dividends Net Invst Incm$9,362DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$39,609NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$188,361GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$39,609CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$48,971TotalRevAndExpnssAmt
Total Net Invst Incm$48,971TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,265AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$1,265AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$7,135TaxesRevAndExpnssAmt
Taxes Net Invst Incm$7,135TaxesNetInvstIncmAmt
Deprec And Dpltn Rev And Expnss$388DeprecAndDpltnRevAndExpnssAmt
Trav Conf Meeting Rev And Expnss$2,111TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$2,111TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$1,372OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$1,372OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$12,271TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$7,135TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$4,748TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$12,805ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$12,805ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$25,076TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$7,135TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$17,553TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$23,895ExcessRevenueOverExpensesAmt
Net Investment Income$41,836NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$14,695CashBOYAmt
Cash EOY$4,419CashEOYAmt
Cash EOYFMV$4,419CashEOYFMVAmt
Sav And Temp Cash Invst BOY$106,351SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$104,235SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$104,235SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$357,167CorporateStockBOYAmt
Corporate Stock EOY$393,842CorporateStockEOYAmt
Corporate Stock EOYFMV$539,251CorporateStockEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$1,402LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,121LandBldgEquipAccumDeprecAmt
Land BOY$669LandBOYAmt
Land EOY$281LandEOYAmt
Land EOYFMV$281LandEOYFMVAmt
Total Assets BOY$478,882TotalAssetsBOYAmt
Total Assets EOY$502,777TotalAssetsEOYAmt
Total Assets EOYFMV$648,186TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$310,000CapitalStockBOYAmt
Capital Stock EOY$310,000CapitalStockEOYAmt
Retained Earning BOY$168,882RetainedEarningBOYAmt
Retained Earning EOY$192,777RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$478,882TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$502,777TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$478,882TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$502,777TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$478,882TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$23,895ExcessRevenueOverExpensesAmt
Subtotal$502,777SubtotalAmt
Tot Net Ast Or Fund Balances EOY$502,777TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
10104.64 SHARES FIDELITY U.S. BOND INDEX PREMIUM CLASSP2016-01-012016-11-14$117,618$120,846-$3,228-$3,228
5000 SHARES ADVANCED MICRO DEVICES INC COMP2017-01-012017-07-18$70,743$27,906$42,837$42,837
FieldValueIRS element (for citing)
Capital Gain Net Income$39,609CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$837InvestmentIncomeExciseTaxAmt
Subtotal$837SubtotalAmt
Tax Based On Investment Income$837TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$3,036EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$3,036TotalPaymentsAndCreditsAmt
Overpayment$2,199OverpaymentAmt
Applied To ES Tax$2,199AppliedToESTaxAmt

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 SatisfiedYes (true)Section508eRqrSatisfiedInd
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 Line1CHIEN JU SHENGBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4089963893PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line17718 SEEBER CTAddressLine1Txt
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
DAVID Y SHENG
7718 SEEBER CTCUPERTINOCA95014President4.00$0
CHIEN JU SHENG
7718 SEEBER CTCUPERTINOCA95014Secretary4.00$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$467,934AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$117,447AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$585,381TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$585,381AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$8,781CashDeemedCharitableAmt
Net Vl Noncharitable Assets$576,600NetVlNoncharitableAssetsAmt
Minimum Investment Return$28,830MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$28,830MinimumInvestmentReturnAmt
Tax Based On Investment Income$837TaxBasedOnInvestmentIncomeAmt
Total Tax$837TotalTaxAmt
Distributable Before Adj$27,993DistributableBeforeAdjAmt
Distributable Before Ded$27,993DistributableBeforeDedAmt
Distributable As Adjusted$27,993DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$17,553ExpensesAndContributionsAmt
Qualifying Distributions$17,553QualifyingDistributionsAmt
Adjusted Qualifying Distri$17,553AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$27,993DistributableAsAdjustedAmt
Undistributed Income PY$14,276UndistributedIncomePYAmt
Qualifying Distributions$17,553QualifyingDistributionsAmt
Applied To Year1$14,276AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$3,277AppliedToCurrentYearAmt
Undistributed Income CY$24,716UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerDAVID Y SHENGContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line1RecipientForeignAddress/AddressLine1TxtCityRecipientForeignAddress/CityNmProvince Or StateRecipientForeignAddress/ProvinceOrStateNmCountryRecipientForeignAddress/CountryCdForeign PostalRecipientForeignAddress/ForeignPostalCd
THE U C DAVIS FOUNDATION
ONE SHIELDS AVENUEDAVISCA95616N/APCDONATION$250
ENLIGHTENMENT FOUNDATION
501 S BOYLAN AVENUERALEIGHNC27603N/APCDONATION$1,470
CCIC - CUPERTINO
10455 BANDLEY DRIVECUPERTINOCA95014N/APCDONATION$7,000
Third Street Community Center
160 North 3rd streetSAN JOSECA95112N/APCDONATION$1,000
America Heart Association
1 SOUTH ALMADEN BOULEVARDSAN JOSECA95113N/APCDONATION$120
CAMPUS CRUSADE for CHRIST
100 Lake Hart DrOrlandoFL32832N/A501(C)(3)DONATION$650
UNITED NATION FOUNDATION INC
PO BOX 96820WASHINGTONDC20090N/APCDONATION$200
UNIVERSITY OF SOUTHERN CALIFORNIA
851 DOWNEY WAYLOS ANGELESCA90089N/APCDONATION$1,000
GLOBALGIVING FOUNDATION INC
1110 Vermont Ave NW Ste 550WASHINGTONDC20005N/APCDONATION$115
BU-NONG EDUCATION FOUNDATION
N/A501(C)(3)DONATION$1,000NO 191 SHENG-PING RD YAN-PING XIATAITUNGTAITUNGTW953
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$12,805TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$9,362ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$39,609ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$48,971ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$48,971TotalIncomeProducingActyAmt

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)
CategoryTAX PREPARATION FEECategoryTxt
Amt$1,265Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,265DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (6 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED$159,373$225,300
XILINX INC$54,641$92,079
FIDELITY U.S. BOND INDEX PREMIUM CLASS
FIDELITY GOVERNMENT CASH RESERVES$1,697$1,822
ADVANCED MICRO DEVICES INC COM$116,506$165,750
LINE CORP SPONS ADS$61,625$54,300

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemMachinery and EquipmentCategoryOrItemTxt
Cost Or Other Basis$1,402CostOrOtherBasisAmt
Accumulated Depreciation$1,121AccumulatedDepreciationAmt
Book Value$281BookValueAmt
EOYFMV$281EOYFMVAmt

Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch

Note Payable NotePayableGrp

Lender Name LenderNameGrp

FieldValueIRS element (for citing)
PersonMENLO MAZDAPersonNm
FieldValueIRS element (for citing)
Loan Original$30,234LoanOriginalAmt
Note2007-09NoteDt
Loan Maturity2011-09LoanMaturityDt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
AUTO EXPENSE$114$114
BANK SERVICE CHARGE$30$30
FILING FEE$60$60
SUPPLIES$561$561
TELEPHONE EXPENSE$607$607

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FOREIGN TAX$1,381$1,381
IRS TAX$6,894$6,894
IRS TAX REFUND$1,140-$1,140

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