RONG RONG FAMILY FOUNDATION: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
RONG RONG FAMILY FOUNDATION (EIN 27-4260437)
Tax period
2014-12-01 to 2015-11-30
Filed
2016-10-14
IRS object ID
201612889349100626
Schema version
2014v6.0
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)
Return2016-10-14T17:45:48-07:00ReturnTs
Tax Period End2015-11-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Jimmy J Chen & Associates IncBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1920 Hillview Court Suite 180AddressLine1Txt
CityMilpitasCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95035ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2014-12-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN274260437EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RONG RONG FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlRONGBusinessNameControlTxt
Phone4086230766PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14166 ASTIN CANYON CTAddressLine1Txt
CitySAN JOSECityNm
State AbbreviationCAStateAbbreviationCd
ZIP95121ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDANIEL XIPersonNm
Person TitlePresident & CEOPersonTitleTxt
Signature2016-10-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJIMMY J CHENPreparerPersonNm
PTINP01715847PTIN
Phone4084358828PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$524,279FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$190,250ContriRcvdRevAndExpnssAmt
Gross Rents Rev And Expnss$24,528GrossRentsRevAndExpnssAmt
Gross Rents Net Invst Incm$24,528GrossRentsNetInvstIncmAmt
Gross Rents Adj Net Incm$24,528GrossRentsAdjNetIncmAmt
Net Rental Income Or Loss$10,837NetRentalIncomeOrLossAmt
Total Rev And Expnss$214,778TotalRevAndExpnssAmt
Total Net Invst Incm$24,528TotalNetInvstIncmAmt
Total Adj Net Incm$24,528TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,125AccountingFeesRevAndExpnssAmt
Accounting Fees Adj Net Incm$1,125AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$1,125AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$681TaxesRevAndExpnssAmt
Taxes Adj Net Incm$681TaxesAdjNetIncmAmt
Taxes Dsbrs Chrtbl$681TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$8,853DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm$8,519DeprecAndDpltnNetInvstIncmAmt
Deprec And Dpltn Adj Net Incm$8,519DeprecAndDpltnAdjNetIncmAmt
Other Expenses Rev And Expnss$11,244OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$5,172OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$11,244OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl$6,072OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$21,903TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$13,691TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$21,569TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$7,878TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$21,903TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$13,691TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$21,569TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$7,878TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$192,875ExcessRevenueOverExpensesAmt
Net Investment Income$10,837NetInvestmentIncomeAmt
Adjusted Net Income$2,959AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$3,432CashBOYAmt
Cash EOY$5,815CashEOYAmt
Cash EOYFMV$5,815CashEOYFMVAmt
Invst Land Cost Or Other Basis$317,024InvstLandCostOrOtherBasisAmt
Invst Land Accum Depreciation$20,743InvstLandAccumDepreciationAmt
Land Bldg Investments BOY$304,801LandBldgInvestmentsBOYAmt
Land Bldg Investments EOY$296,281LandBldgInvestmentsEOYAmt
Land Bldg Investments EOYFMV$316,886LandBldgInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$1,000LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$674LandBldgEquipAccumDeprecAmt
Land BOY$659LandBOYAmt
Land EOY$326LandEOYAmt
Land EOYFMV$326LandEOYFMVAmt
Other Assets BOY$1,100OtherAssetsBOYAmt
Other Assets EOY$201,253OtherAssetsEOYAmt
Other Assets EOYFMV$201,252OtherAssetsEOYFMVAmt
Total Assets BOY$309,992TotalAssetsBOYAmt
Total Assets EOY$503,675TotalAssetsEOYAmt
Total Assets EOYFMV$524,279TotalAssetsEOYFMVAmt
Other Liabilities BOY$11,337OtherLiabilitiesBOYAmt
Other Liabilities EOY$12,145OtherLiabilitiesEOYAmt
Total Liabilities BOY$11,337TotalLiabilitiesBOYAmt
Total Liabilities EOY$12,145TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$395,202CapitalStockBOYAmt
Capital Stock EOY$585,452CapitalStockEOYAmt
Retained Earning BOY-$96,547RetainedEarningBOYAmt
Retained Earning EOY-$93,922RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$298,655TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$491,530TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$309,992TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$503,675TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$298,655TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$192,875ExcessRevenueOverExpensesAmt
Subtotal$491,530SubtotalAmt
Tot Net Ast Or Fund Balances EOY$491,530TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$217InvestmentIncomeExciseTaxAmt
Subtotal$217SubtotalAmt
Tax Based On Investment Income$217TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$400EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$400TotalPaymentsAndCreditsAmt
Overpayment$183OverpaymentAmt
Refund$183RefundAmt

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 LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
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 FoundationYes (true)PrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
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 Line1DANIEL XIBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4086230766PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14166 ASTIN CANYON CTAddressLine1Txt
CitySAN JOSECityNm
State AbbreviationCAStateAbbreviationCd
ZIP95121ZIPCd
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
DANIEL XI
4166 ASTIN CANYON CTSAN JOSECA95121President & CEO2.00$0
Weiping Dou
4166 ASTIN CANYON CTSAN JOSECA95121CFO0.00$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)
Description1ORGANIZED,PARTICIPATED AND SPONSORED THE BADMINTON TOURNMENT AND TRAINNING.Description1Txt
Expenses1$5,603Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$116,452AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$417,961FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$534,413TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$534,413AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$8,016CashDeemedCharitableAmt
Net Vl Noncharitable Assets$526,397NetVlNoncharitableAssetsAmt
Minimum Investment Return$26,320MinimumInvestmentReturnAmt

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$7,878ExpensesAndContributionsAmt
Qualifying Distributions$7,878QualifyingDistributionsAmt
Adjusted Qualifying Distri$7,878AdjustedQualifyingDistriAmt

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$2,959CurrentYearAmt
Total$2,959TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Current Year$2,515CurrentYearAmt
Total$2,515TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$7,878CurrentYearAmt
Year1$42,168Year1Amt
Year2$40,705Year2Amt
Year3$41,851Year3Amt
Total$132,602TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$7,878CurrentYearAmt
Year1$42,168Year1Amt
Year2$40,705Year2Amt
Year3$41,851Year3Amt
Total$132,602TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$17,546CurrentYearAmt
Year1$268Year1Amt
Year2$12,858Year2Amt
Year3$4,036Year3Amt
Total$34,708TotalAmt

Supplementary Information SupplementaryInformationGrp

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

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

FieldValueIRS element (for citing)
Business532000BusinessCd
Unrelated Business Taxbl Incm$10,837UnrelatedBusinessTaxblIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$10,837UnrelatedBusinessTaxblIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$10,837TotalIncomeProducingActyAmt

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 PersonDANIEL XIContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line14166 ASTIN CANYON CTAddressLine1Txt
CitySAN JOSECityNm
State AbbreviationCAStateAbbreviationCd
ZIP95121ZIPCd
FieldValueIRS element (for citing)
Total Contributions$190,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
Amt$1,125Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$1,125AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,125DisbursementsCharitablePrpsAmt

Investments Land Schedule2 InvestmentsLandSchedule2

Investment Land InvestmentLandGrp (3 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmtEOYFMVEOYFMVAmt
Machinery and Equipment$315$139$176$176
Buildings$232,560$20,604$211,956$232,560
Land$84,149$84,149$84,150

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemMachinery and EquipmentCategoryOrItemTxt
Cost Or Other Basis$1,000CostOrOtherBasisAmt
Accumulated Depreciation$674AccumulatedDepreciationAmt
Book Value$326BookValueAmt
EOYFMV$326EOYFMVAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (5 entries)

EOYFMVEOYFMVAmtEOY Book ValueEOYBookValueAmtDescDescBOY Book ValueBOYBookValueAmt
$201,252
$100,000
$1,100INVESTMENT-ART$1,100
$100,152INVESTMENT-MENHART
$1Rounding

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
BANK CHARGE$50$50$50
FILING FEE$35$35$35
POSTAGE$46$46$46
PROGRAM EXPENSE$5,603$5,603$5,603
Rental Expenses$5,172$5,172$5,172
SUPPLIES EXPENSE$338$338$338

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescADV FROM FOUNDERDesc
BOY Book Value$11,337BOYBookValueAmt
EOY Book Value$12,145EOYBookValueAmt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonDANIEL XIPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line14166 ASTIN CANYON CTAddressLine1Txt
CitySAN JOSECityNm
State AbbreviationCAStateAbbreviationCd
ZIP95121ZIPCd

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
Amt$681Amt
Adjusted Net Income$681AdjustedNetIncomeAmt
Disbursements Charitable Prps$681DisbursementsCharitablePrpsAmt

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