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WAH YAN SCHOLARSHIP FOUNDATION OF CALIFORNIA: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
WAH YAN SCHOLARSHIP FOUNDATION OF CALIFORNIA (EIN 95-4605209)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-11
IRS object ID
202523159349100447
Schema version
2024v5.2
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)
Return2025-11-11T18:02:18-08:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN204014608PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1FONG KO & ASSOCIATES LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11510 FASHION ISLAND BLVD STE 200AddressLine1Txt
CitySAN MATEOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94404ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN954605209EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WAH YAN SCHOLARSHIP FOUNDATION OFBusinessNameLine1Txt
Business Name Line2CALIFORNIABusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlWAHYBusinessNameControlTxt
Phone6502869966PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 4072AddressLine1Txt
CityLOS ALTOSCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94024ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSTAN CHOWPersonNm
Person TitlePresidentPersonTitleTxt
Signature2025-11-11SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonOliver Laiming KoPreparerPersonNm
PTINP00394040PTIN
Phone6502869966PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$450,888FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$70,950ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$16,156DividendsRevAndExpnssAmt
Dividends Net Invst Incm$16,156DividendsNetInvstIncmAmt
Dividends Adj Net Incm$16,156DividendsAdjNetIncmAmt
Total Rev And Expnss$87,106TotalRevAndExpnssAmt
Total Net Invst Incm$16,156TotalNetInvstIncmAmt
Total Adj Net Incm$16,156TotalAdjNetIncmAmt
Other Expenses Rev And Expnss$325OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$325OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$325TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$325TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$66,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$66,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$66,325TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$325TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$66,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$20,781ExcessRevenueOverExpensesAmt
Net Investment Income$15,831NetInvestmentIncomeAmt
Adjusted Net Income$16,156AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$35,429CashBOYAmt
Cash EOY$10,652CashEOYAmt
Cash EOYFMV$10,652CashEOYFMVAmt
Sav And Temp Cash Invst EOY$31,100SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$31,100SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$6,044CorporateStockBOYAmt
Corporate Stock EOY$6,044CorporateStockEOYAmt
Corporate Stock EOYFMV$17,946CorporateStockEOYFMVAmt
Other Investments BOY$244,062OtherInvestmentsBOYAmt
Other Investments EOY$258,442OtherInvestmentsEOYAmt
Other Investments EOYFMV$391,190OtherInvestmentsEOYFMVAmt
Total Assets BOY$285,535TotalAssetsBOYAmt
Total Assets EOY$306,238TotalAssetsEOYAmt
Total Assets EOYFMV$450,888TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$285,535NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$306,238NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$285,535TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$306,238TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$285,535TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$306,238TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$285,535TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$20,781ExcessRevenueOverExpensesAmt
Subtotal$306,316SubtotalAmt
Other Decreases$78OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$306,238TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$220InvestmentIncomeExciseTaxAmt
Subtotal$220SubtotalAmt
Tax Based On Investment Income$220TaxBasedOnInvestmentIncomeAmt
Tax Due$220TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

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 Addresswww.wahyansfbay.comWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1OLIVER L KO CPABusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6502869966PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11510 FASHION ISLAND BLVD 200AddressLine1Txt
CitySAN MATEOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94404ZIPCd
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
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
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
STAN CHOW
1838 ROBLES RANCH ROADLOS ALTOSCA94024President1.00$0
EDWIN LAW
20867 CANYON VIEW DRIVESARATOGACA95070Secretary1.00$0
OLIVER KO
569 PATRICIA LANEPALO ALTOCA94303Treasurer1.00$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$19,400AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$406,172FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$425,572TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$425,572AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$6,384CashDeemedCharitableAmt
Net Vl Noncharitable Assets$419,188NetVlNoncharitableAssetsAmt
Minimum Investment Return$20,959MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$20,959MinimumInvestmentReturnAmt
Tax Based On Investment Income$220TaxBasedOnInvestmentIncomeAmt
Total Tax$220TotalTaxAmt
Distributable Before Adj$20,739DistributableBeforeAdjAmt
Distributable Before Ded$20,739DistributableBeforeDedAmt
Distributable As Adjusted$20,739DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$66,000ExpensesAndContributionsAmt
Qualifying Distributions$66,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$20,739DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$16,159ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$16,159TotalExcessDistributionCyovAmt
Qualifying Distributions$66,000QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$20,739AppliedToCurrentYearAmt
Remaining Distri From Corpus$45,261RemainingDistriFromCorpusAmt
Total Corpus$61,420TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$61,420ExcessDistriCyovToNextYrAmt
Excess From Year1$16,159ExcessFromYear1Amt
Excess From Current Year$45,261ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line1RecipientForeignAddress/AddressLine1TxtCityRecipientForeignAddress/CityNmCountryRecipientForeignAddress/CountryCdForeign PostalRecipientForeignAddress/ForeignPostalCd
MING TAT KEITH LAU
425 S Wabash AveChicagoIL60605NONEIEDUCATION$20,000
KING-YI KENNY
1125 Murphy Hall 405 Hilgard AveLOS ANGELESCA90095NONEIEDUCATION$10,000
The IMC of Wah Yan College
NONENCEDUCATION$13,000281 Queens Rd E WanchaiHONG KONGHK0000
The IMC of Wah Yan College
NONENCEDUCATION$13,000281 Queens Rd E WanchaiHONG KONGHK0000
GAVIN NG
NONEIEDUCATION$10,000Flat B1304 13/F Hong Cheung HouseHONG KONGHK999077
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$66,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$16,156ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$16,156ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$16,156TotalIncomeProducingActyAmt

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

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (4 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
LEAR CORP COM NEW$2,299$4,735
HOLOGIC INC$1,075$2,163
LEAR CORP COM NEW$2,529$5,209
PJT PARTNERS INC - A$141$5,839

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (10 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
CLOSED END FUNDS & EXCHANGED TRADED PRODFMV$57,084$144,178
MUTUAL FUNDS (EQUITIES)FMV$29,116$51,376
MUTUAL FUNDS (FIXED INCOME)FMV$86,963$80,513
MUTUAL FUNDS (OTHER)FMV$13,035$26,218
MUTUAL FUNDS (EQUITIES)FMV$9,267$18,644
MUTUAL FUNDS (FIXED INCOME)FMV$8,399$8,228
MUTUAL FUNDS (EQUITIES)FMV$3,122$4,693
MUTUAL FUNDS (FIXED INCOME)FMV$23,101$20,982
CLOSED END FUNDS & EXCHANGED TRADED PRODFMV$10,907$17,500
CLOSED END FUNDS & EXCHANGED TRADED PRODFMV$17,448$18,858

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescPRIOR YEAR ADJUSTMENTDesc
Amt$78Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescBANK CHARGESDesc
Revenue And Expenses Per Books$325RevenueAndExpensesPerBooksAmt
Net Investment Income$325NetInvestmentIncomeAmt

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