BETA

ROBERT I & LIEN Q CHEN FAMILY FOUNDATION: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
ROBERT I & LIEN Q CHEN FAMILY FOUNDATION (EIN 20-1885060)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-05-12
IRS object ID
201711329349102836
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)
Return2017-05-12T16:01:11-07:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1STOREK CARLSON & STRUTZ LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1900 E HAMILTON AVE STE 450AddressLine1Txt
CityCAMPBELLCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95008ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN201885060EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ROBERT & LIEN CHEN FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlROBEBusinessNameControlTxt
Phone4085853510PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line114265 BERRY HILL COURTAddressLine1Txt
CityLOS ALTOS HILLSCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94022ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLIEN Q CHENPersonNm
Person TitleVP, SECY, CFOPersonTitleTxt
Signature2017-05-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonFRED STOREKPreparerPersonNm
PTINP00022536PTIN
Phone6509615520PhoneNum
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$3,470,230FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$351,171ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$411InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$411InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$411InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$83,631DividendsRevAndExpnssAmt
Dividends Net Invst Incm$83,631DividendsNetInvstIncmAmt
Dividends Adj Net Incm$83,631DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$63,004NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$89,575GrossSalesPriceAmt
Total Rev And Expnss$372,209TotalRevAndExpnssAmt
Total Net Invst Incm$84,042TotalNetInvstIncmAmt
Total Adj Net Incm$84,042TotalAdjNetIncmAmt
Legal Fees Rev And Expnss-$103,170LegalFeesRevAndExpnssAmt
Legal Fees Adj Net Incm-$103,170LegalFeesAdjNetIncmAmt
Accounting Fees Rev And Expnss$2,640AccountingFeesRevAndExpnssAmt
Accounting Fees Adj Net Incm$2,640AccountingFeesAdjNetIncmAmt
Taxes Rev And Expnss$200TaxesRevAndExpnssAmt
Taxes Adj Net Incm$200TaxesAdjNetIncmAmt
Other Expenses Rev And Expnss$456OtherExpensesRevAndExpnssAmt
Other Expenses Adj Net Incm$456OtherExpensesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss-$99,874TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm-$99,874TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$185,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$185,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$85,126TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm-$99,874TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$185,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$287,083ExcessRevenueOverExpensesAmt
Net Investment Income$84,042NetInvestmentIncomeAmt
Adjusted Net Income$183,916AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$481,580CashBOYAmt
Cash EOY$357,485CashEOYAmt
Corporate Stock BOY$2,317,178CorporateStockBOYAmt
Corporate Stock EOY$2,728,356CorporateStockEOYAmt
Corporate Stock EOYFMV$3,470,230CorporateStockEOYFMVAmt
Total Assets BOY$2,798,758TotalAssetsBOYAmt
Total Assets EOY$3,085,841TotalAssetsEOYAmt
Total Assets EOYFMV$3,470,230TotalAssetsEOYFMVAmt
Accounts Payable BOY$400AccountsPayableBOYAmt
Accounts Payable EOY$400AccountsPayableEOYAmt
Total Liabilities BOY$400TotalLiabilitiesBOYAmt
Total Liabilities EOY$400TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$2,798,358CapitalStockBOYAmt
Capital Stock EOY$3,085,441CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$2,798,358TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$3,085,441TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,798,758TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$3,085,841TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,798,358TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$287,083ExcessRevenueOverExpensesAmt
Subtotal$3,085,441SubtotalAmt
Tot Net Ast Or Fund Balances EOY$3,085,441TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
Property10000 INSYS THERAPEUTICS INCPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2016-07-07AcquiredDt
Sold2016-12-08SoldDt
Gross Sales Price$89,575GrossSalesPriceAmt
Cost Or Other Basis$152,579CostOrOtherBasisAmt
Gain Or Loss-$63,004GainOrLossAmt
Gains Minus Excess Or Losses-$63,004GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income-$63,004CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$63,004NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,681InvestmentIncomeExciseTaxAmt
Subtotal$1,681SubtotalAmt
Tax Based On Investment Income$1,681TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$48EsPenaltyAmt
Tax Due$1,729TaxDueAmt

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 FoundationYes (true)PrivateOperatingFoundationInd
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 Line1ROBERT CHENBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6509495498PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line114265 BERRY HILL CTAddressLine1Txt
CityLOS ALTOS HILLSCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94022ZIPCd
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
ROBERT I CHEN
14265 BERRY HILL COURTLOS ALTOS HILLSCA94022Trustee0.00$0
LIEN Q CHEN
14265 BERRY HILL CTLOS ALTOS HILLSCA94022VP, SECY, CFO0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1Immigration reformDescription1Txt
Expenses1$0Expenses1Amt
Description2MusicDescription2Txt
Description3University research supportDescription3Txt
Description4EntrepreneurshipDescription4Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$185,000ExpensesAndContributionsAmt
Qualifying Distributions$185,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$185,000AdjustedQualifyingDistriAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$0CurrentYearAmt
Total$0TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$185,000CurrentYearAmt
Year1$127,000Year1Amt
Year2$80,000Year2Amt
Year3$82,610Year3Amt
Total$474,610TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$185,000CurrentYearAmt
Year1$127,000Year1Amt
Year2$80,000Year2Amt
Year3$82,610Year3Amt
Total$474,610TotalAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
Year3$2,695,932Year3Amt
Total$2,695,932TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
UNIV OF CALIFORNIA REGENTS
ONE SHIELDS AVENUEDAVISCA95616QUALIFIED CHARITYEOFEDUCATIONAL$75,000
ANGEL ISLAND IMMIGRATION STATION FO
5 Third St Suite 700San FranciscoCA94103QUALIFIED CHARITYEOFEducational$15,000
INTERNATIONAL RESCUE COMMITTEE
122 EAST 42ND STREETNEW YORKNY10168NONEPOFUNRESTRICTED$20,000
ANITA BORG INSTITUTE
1501 PAGE MILL ROADPALO ALTOCA94304NONEUNRESTRICTED$25,000
SAN FRANCISCO CONSERVATORY OF MUSIC
50 OAK STREETSAN FRANCISCOCA94102UNRESTRICTED$10,000
BUILD
2385 BAY ROADREDWOOD CITYCA94063UNRESTRICTED$20,000
EARTHJUSTICE
50 CALIFORNIA STREET SUITE 500SAN FRANCISCOCA94111NONEPCUNRESTRICTED$10,000
HENRY M GUNN HIGH SCHOOL
780 ARASTRADERO ROADPALO ALTOCA94306NONEPCATHLETIC PROGRAM$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$185,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Related Or Exempt Function Incm$411RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$83,631RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$63,004RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$21,038RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$21,038TotalIncomeProducingActyAmt

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 PREPARATIONCategoryTxt
Amt$2,640Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$2,640AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryREFUNDS FROM ATTORNEYCategoryTxt
Legal Fees$103,170LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income-$103,170AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescINVESTMENT CUSTODIAL FEEDesc
Revenue And Expenses Per Books$456RevenueAndExpensesPerBooksAmt
Adjusted Net Income$456AdjustedNetIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFRANCHISE TAX BOARDCategoryTxt
Amt$200Amt
Adjusted Net Income$200AdjustedNetIncomeAmt

Comments

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