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WALTER AND FANNIE WANG FOUNDATION: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
WALTER AND FANNIE WANG FOUNDATION (EIN 26-3315955)
Tax period
2015-09-01 to 2016-08-31
Filed
2017-04-17
IRS object ID
201701089349100200
Schema version
2015v3.0
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)
Return2017-04-17T21:08:38-07:00ReturnTs
Tax Period End2016-08-31TaxPeriodEndDt

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 Begin2015-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN263315955EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WALTER AND FANNIE WANG FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWALTBusinessNameControlTxt
Phone4087276148PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14402 LAIRD CIRCLEAddressLine1Txt
CitySANTA CLARACityNm
State AbbreviationCAStateAbbreviationCd
ZIP95054ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWALTER C WANGPersonNm
Person TitlePresident & CEOPersonTitleTxt
Signature2017-04-17SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonERIC ZHANG CPAPreparerPersonNm
PTINP00548506PTIN
Phone4084358828PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$496,469FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$21,740ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$3,470InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$3,470InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$3,470InterestOnSavingsAdjNetIncmAmt
Gross Rents Rev And Expnss$9,731GrossRentsRevAndExpnssAmt
Gross Rents Net Invst Incm$9,731GrossRentsNetInvstIncmAmt
Gross Rents Adj Net Incm$9,731GrossRentsAdjNetIncmAmt
Net Rental Income Or Loss-$376NetRentalIncomeOrLossAmt
Net Gain Sale Ast Rev And Expnss$19,794NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$142,173GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$19,794CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$54,735TotalRevAndExpnssAmt
Total Net Invst Incm$32,995TotalNetInvstIncmAmt
Total Adj Net Incm$13,201TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,515AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$1,515AccountingFeesChrtblPrpsAmt
Deprec And Dpltn Rev And Expnss$3,574DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm$2,425DeprecAndDpltnNetInvstIncmAmt
Other Expenses Rev And Expnss$8,269OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$7,682OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$587OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$13,358TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$10,107TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$2,102TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$3,605ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$3,605ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$16,963TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$10,107TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$5,707TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$37,772ExcessRevenueOverExpensesAmt
Net Investment Income$22,888NetInvestmentIncomeAmt
Adjusted Net Income$13,201AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$63,775CashBOYAmt
Cash EOY$196,255CashEOYAmt
Cash EOYFMV$196,255CashEOYFMVAmt
Corporate Stock BOY$187,285CorporateStockBOYAmt
Corporate Stock EOY$176,025CorporateStockEOYAmt
Corporate Stock EOYFMV$299,223CorporateStockEOYFMVAmt
Land Bldg Investments BOY$83,139LandBldgInvestmentsBOYAmt
Land Bldg Equip Cost Or Other Bss$6,627LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$5,636LandBldgEquipAccumDeprecAmt
Land BOY$1,216LandBOYAmt
Land EOY$991LandEOYAmt
Land EOYFMV$991LandEOYFMVAmt
Other Assets BOY$476OtherAssetsBOYAmt
Total Assets BOY$335,891TotalAssetsBOYAmt
Total Assets EOY$373,271TotalAssetsEOYAmt
Total Assets EOYFMV$496,469TotalAssetsEOYFMVAmt
Accounts Payable BOY$392AccountsPayableBOYAmt
Total Liabilities BOY$392TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$315,066CapitalStockBOYAmt
Capital Stock EOY$339,330CapitalStockEOYAmt
Retained Earning BOY$20,433RetainedEarningBOYAmt
Retained Earning EOY$33,941RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$335,499TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$373,271TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$335,891TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$373,271TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$335,499TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$37,772ExcessRevenueOverExpensesAmt
Subtotal$373,271SubtotalAmt
Tot Net Ast Or Fund Balances EOY$373,271TotNetAstOrFundBalancesEOYAmt

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 LossesGainsMinusExcessOrLossesAmtDepreciationDepreciationAmt
3000 MLZHN PER MERRILL LYNCHP2016-07-242016-07-29$14,173$33,000-$18,827-$18,827
8025 COLEWOOD RENTAL PROPERTYP2010-09-152016-08-26$128,000$103,929$38,621$38,621$14,550
FieldValueIRS element (for citing)
Capital Gain Net Income$19,794CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$18,827NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$458InvestmentIncomeExciseTaxAmt
Subtotal$458SubtotalAmt
Tax Based On Investment Income$458TaxBasedOnInvestmentIncomeAmt
Tax Due$458TaxDueAmt

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 Line1WALTER C WANGBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4087276148PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14402 LAIRD CIRCLEAddressLine1Txt
CitySANTA CLARACityNm
State AbbreviationCAStateAbbreviationCd
ZIP95054ZIPCd
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
WALTER C WANG
4402 LAIRD CIRCLESANTA CLARACA95054President & CEO4.00$0
FUNG WING HUNG
4402 LAIRD CIRCLESANTA CLARACA95054Secretary4.00$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$256,376AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$71,059AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$327,435TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$327,435AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$4,912CashDeemedCharitableAmt
Net Vl Noncharitable Assets$322,523NetVlNoncharitableAssetsAmt
Minimum Investment Return$16,126MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$16,126MinimumInvestmentReturnAmt
Tax Based On Investment Income$458TaxBasedOnInvestmentIncomeAmt
Total Tax$458TotalTaxAmt
Distributable Before Adj$15,668DistributableBeforeAdjAmt
Distributable Before Ded$15,668DistributableBeforeDedAmt
Distributable As Adjusted$15,668DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$5,707ExpensesAndContributionsAmt
Qualifying Distributions$5,707QualifyingDistributionsAmt
Adjusted Qualifying Distri$5,707AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$15,668DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$4,534ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$4,534TotalExcessDistributionCyovAmt
Qualifying Distributions$5,707QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$5,707AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$4,534ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$4,534ExcessDistributionCyovAppCYAmt
Undistributed Income CY$5,427UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerWALTER C WANGContributingManagerNm
Contributing ManagerFUNG WING HUNGContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
DON CALLEJON SCHOOL
4176 LICK MILL BLVDSANTA CLARACA95054N/APCDONATION$525
SAN JOSE CHINESE CATHOLIC MISSION
941 LEXINGTON STSANTA CLARACA95050N/APCDONATION$1,655
DON CALLEJON SCHOOL COMMUNITY ORGAN
4176 LICK MILL BLVDSANTA CLARACA95054N/APCDONATION$330
STANFORD UNIVERSITY
450 SERRA MALLSTANFORDCA94305N/APCDONATION$500
UNIVERSITY OF SOUTHERN CALIFORNIA
UNIVERSITY PARKLOS ANGELESCA90007N/APCDONATION$250
TECH MUSEUM
201 SOUTH MARKET STREETSAN JOSECA95113N/A501CDONATION$205
HANDS OF LOVE USA
1932 BENNETTS POINT DRIVEMARIETTAGA30068N/A501CDONATION$140
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$3,605TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$3,470RelatedOrExemptFunctionIncmAmt

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$376RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$19,794RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$22,888RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$22,888TotalIncomeProducingActyAmt

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

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonWALTER C WANGContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line14402 LAIRD CIRCLEAddressLine1Txt
CitySANTA CLARACityNm
State AbbreviationCAStateAbbreviationCd
ZIP95054ZIPCd
FieldValueIRS element (for citing)
Total Contributions$21,740TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property2,253 SHARES MARVELL TECHOLOGY GROUP STOCKNoncashPropertyDesc
Fair Market Value$21,740FairMarketValueAmt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEECategoryTxt
Amt$1,515Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,515DisbursementsCharitablePrpsAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (2 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmtEOYFMVEOYFMVAmt
Furniture and Fixtures$1,337$1,114$223$223
Machinery and Equipment$5,290$4,522$768$768

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
BANK CHARGES$34$34
FILING FEE$35$35
GIFT EXPENSES$140$140
POSTAGE EXPENSE$24$24
Rental Expenses$7,682$7,682
SUPPLIES EXPENSE$287$287
TELEPHONE EXPENSE$67$67

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