KATHY SHIH MEMORIAL FOUNDATION INC: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
KATHY SHIH MEMORIAL FOUNDATION INC (EIN 27-1669285)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-11-10
IRS object ID
201703149349100745
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)
Return2017-11-10T11:21:58-08:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LEUNG & YEE INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line139111 PASEO PADRE PKY 318AddressLine1Txt
CityFREMONTCityNm
State AbbreviationCAStateAbbreviationCd
ZIP945381695ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN271669285EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Kathy Shih Memorial Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlKATHBusinessNameControlTxt
Phone5105990453PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 15088AddressLine1Txt
CityFremontCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94539ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLILY SHIHPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone5105990453PhoneNum
Signature2017-11-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLINDA LEUNG CPAPreparerPersonNm
Phone5107968228PhoneNum
Preparation2017-11-10PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address104.6.69.169IPv4AddressTxt
FieldValueIRS element (for citing)
IP2017-11-10IPDt
IP Tm11:21:44IPTm
IP TimezonePSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdD558F20CEA724863DF8678530CE7E5FA01148665AtSubmissionCreationDeviceId
At Submission Filing Device IdD558F20CEA724863DF8678530CE7E5FA01148665AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$511,906FMVAssetsEOYAmt
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$3InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$3InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$17,779DividendsRevAndExpnssAmt
Dividends Net Invst Incm$17,779DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$3,176NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$109,183GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$66NetSTCapitalGainAdjNetIncmAmt
Other Income Rev And Expnss$540OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$15,146TotalRevAndExpnssAmt
Total Net Invst Incm$17,782TotalNetInvstIncmAmt
Total Adj Net Incm$66TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$3,000AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,500AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$1,500AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$4,215OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$4,215OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$10TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$7,225TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$5,715TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,500TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$4,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$4,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$11,725TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$5,715TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$6,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$3,421ExcessRevenueOverExpensesAmt
Net Investment Income$12,067NetInvestmentIncomeAmt
Adjusted Net Income$66AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$79,438CashBOYAmt
Cash EOY$71,928CashEOYAmt
Cash EOYFMV$71,925CashEOYFMVAmt
Sav And Temp Cash Invst BOY$5,013SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$5,014SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$5,014SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$420,776CorporateStockBOYAmt
Corporate Stock EOY$431,717CorporateStockEOYAmt
Corporate Stock EOYFMV$434,967CorporateStockEOYFMVAmt
Total Assets BOY$505,227TotalAssetsBOYAmt
Total Assets EOY$508,659TotalAssetsEOYAmt
Total Assets EOYFMV$511,906TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$505,227RetainedEarningBOYAmt
Retained Earning EOY$508,659RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$505,227TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$508,659TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$505,227TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$508,659TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$505,227TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$3,421ExcessRevenueOverExpensesAmt
Other Increases$11OtherIncreasesAmt
Subtotal$508,659SubtotalAmt
Tot Net Ast Or Fund Balances EOY$508,659TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtDepreciationDepreciationAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtFMV As Of123169FMVAsOf123169AmtAdjusted Basis As Of123169AdjustedBasisAsOf123169AmtExcess FMV Over Adjusted BssExcessFMVOverAdjustedBssAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
WELLS FARGO 1780-3980P2016-01-012016-12-31$4,750$0$4,684$66$0$0$0$66
WELLS FARGO 1780-3980P2015-12-312016-12-31$104,433$0$107,675-$3,242$0$0$0-$3,242
FieldValueIRS element (for citing)
Capital Gain Net Income-$3,176CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$66NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Adjusted Qlfy Distri Yr1$22,689AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$509,433NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.044538DistributionYr1Rt
Adjusted Qlfy Distri Yr2$320,684AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$605,625NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.529509DistributionYr2Rt
Adjusted Qlfy Distri Yr3$49,796AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$833,216NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.059764DistributionYr3Rt
Adjusted Qlfy Distri Yr4$55,672AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$848,585NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.065606DistributionYr4Rt
Adjusted Qlfy Distri Yr5$49,634AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$892,683NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.055601DistributionYr5Rt
Total Distribution0.755018TotalDistributionRt
Average Distribution0.151004AverageDistributionRt
Net Vl Noncharitable Assets$496,642NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$74,995AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$121NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$75,116AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$6,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$241InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$241SubtotalAmt
Tax Based On Investment Income$241TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,230EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,230TotalPaymentsAndCreditsAmt
Original Return Overpayment-$1,230OriginalReturnOverpaymentAmt
Overpayment$989OverpaymentAmt
Applied To ES Tax$989AppliedToESTaxAmt

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
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 Line1Leung & Yee IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5107968228PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line139111 Paseo Padre Pkwy 318AddressLine1Txt
CityFremontCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94538ZIPCd
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
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonLILY SHIHPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 15088AddressLine1Txt
CityFremontCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94539ZIPCd
FieldValueIRS element (for citing)
TitleDirectorTitleTxt
Average Hrs Per Wk Devoted To Pos2.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$421,130AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$83,075AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$504,205TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$504,205AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$7,563CashDeemedCharitableAmt
Net Vl Noncharitable Assets$496,642NetVlNoncharitableAssetsAmt
Minimum Investment Return$24,832MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$24,832MinimumInvestmentReturnAmt
Tax Based On Investment Income$241TaxBasedOnInvestmentIncomeAmt
Total Tax$241TotalTaxAmt
Distributable Before Adj$24,591DistributableBeforeAdjAmt
Distributable Before Ded$24,591DistributableBeforeDedAmt
Distributable As Adjusted$24,591DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$6,000ExpensesAndContributionsAmt
Qualifying Distributions$6,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$6,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$24,591DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$5,054ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$13,297ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$8,543ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$291,035ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$317,929TotalExcessDistributionCyovAmt
Qualifying Distributions$6,000QualifyingDistributionsAmt
Applied To Current Year$6,000AppliedToCurrentYearAmt
Total Corpus$317,929TotalCorpusAmt
Undistributed Income CY$18,591UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$5,054ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$312,875ExcessDistriCyovToNextYrAmt
Excess From Year4$13,297ExcessFromYear4Amt
Excess From Year3$8,543ExcessFromYear3Amt
Excess From Year2$291,035ExcessFromYear2Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1Cure MSABusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line147000 Warm Springs Blvd 118AddressLine1Txt
CityFremontCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94539ZIPCd
FieldValueIRS element (for citing)
Recipient Foundation StatusPFRecipientFoundationStatusTxt
Grant Or Contribution PurposeMSA researchTo supportGrantOrContributionPurposeTxt
Amt$4,500Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$4,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$17,779ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$3,176ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$14,606ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$14,606TotalIncomeProducingActyAmt

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

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (2 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
WELLS FARGO 1780-39802016-01Purchased2016-12$4,750$4,684$66
WELLS FARGO 1780-39802015-12Purchased2016-12$104,433$107,675-$3,242

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockWELLS FARGO A/C 1780-3980StockNm
EOY Book Value$431,717EOYBookValueAmt
EOYFMV$434,967EOYFMVAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescTAX FREE INTERESTDesc
Revenue And Expenses Per Books$540RevenueAndExpensesPerBooksAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescNon-taxable distributionsDesc
Amt$11Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryWELLS FARGO INVESTMENT ADVISORYCategoryTxt
Amt$4,215Amt
Net Investment Income$4,215NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryCA Filing FeeCategoryTxt
Amt$10Amt

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