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ROBERT I & LIEN Q CHEN FAMILY FOUNDATION: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
ROBERT I & LIEN Q CHEN FAMILY FOUNDATION (EIN 20-1885060)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-11-15
IRS object ID
201613209349100826
Schema version
2015v2.0
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)
Return2016-11-15T15:33:52-08:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

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 Begin2015-01-01TaxPeriodBeginDt

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)
PersonROBERT I CHENPersonNm
Person TitleTrusteePersonTitleTxt
Signature2016-11-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonFRED STOREKPreparerPersonNm
PTINP00022536PTIN
Phone6509615520PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,798,758FMVAssetsEOYAmt
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$305InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$305InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$305InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$49,570DividendsRevAndExpnssAmt
Dividends Net Invst Incm$49,570DividendsNetInvstIncmAmt
Dividends Adj Net Incm$49,570DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$412,954NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$816,006GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$412,954CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$462,829TotalRevAndExpnssAmt
Total Net Invst Incm$462,829TotalNetInvstIncmAmt
Total Adj Net Incm$49,875TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$34,018LegalFeesRevAndExpnssAmt
Legal Fees Adj Net Incm$34,018LegalFeesAdjNetIncmAmt
Taxes Rev And Expnss$4,011TaxesRevAndExpnssAmt
Taxes Adj Net Incm$4,011TaxesAdjNetIncmAmt
Other Expenses Rev And Expnss$150OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$150OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$150OtherExpensesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$38,179TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$150TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$38,179TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$127,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$127,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$165,179TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$150TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$38,179TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$127,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$297,650ExcessRevenueOverExpensesAmt
Net Investment Income$462,679NetInvestmentIncomeAmt
Adjusted Net Income$11,696AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash EOY$481,580CashEOYAmt
Cash EOYFMV$481,580CashEOYFMVAmt
Corporate Stock BOY$2,877,546CorporateStockBOYAmt
Corporate Stock EOY$2,317,178CorporateStockEOYAmt
Corporate Stock EOYFMV$2,317,178CorporateStockEOYFMVAmt
Total Assets BOY$2,877,546TotalAssetsBOYAmt
Total Assets EOY$2,798,758TotalAssetsEOYAmt
Total Assets EOYFMV$2,798,758TotalAssetsEOYFMVAmt
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$2,877,146CapitalStockBOYAmt
Capital Stock EOY$2,798,358CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$2,877,146TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,798,358TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,877,546TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,798,758TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,877,146TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$297,650ExcessRevenueOverExpensesAmt
Subtotal$3,174,796SubtotalAmt
Other Decreases$376,438OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$2,798,358TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
4699 BRISTOL MYERS SQUIBBP2011-11-022015-09-29$275,404$136,020$139,384$139,384
3250 GILEAD SCIENCESP2011-10-232015-01-05$313,270$107,832$205,438$205,438
1615 KRAFT FOOD GROUPP2011-10-072015-07-06$26,648$26,648$26,648
950 KIMBERLY CLARKP2012-08-092015-04-13$98,833$74,829$24,004$24,004
2146 GLAXO SMITH KLINEP2011-08-102015-04-13$101,851$84,371$17,480$17,480
FieldValueIRS element (for citing)
Capital Gain Net Income$412,954CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$9,254InvestmentIncomeExciseTaxAmt
Subtotal$9,254SubtotalAmt
Tax Based On Investment Income$9,254TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$49EsPenaltyAmt
Tax Due$9,303TaxDueAmt

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$25,000Expenses1Amt
Description2Earthquake relief in China through the Red CrossDescription2Txt
Description3University research supportDescription3Txt
Expenses3$102,000Expenses3Amt
Description4Local food bankDescription4Txt

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$127,000ExpensesAndContributionsAmt
Qualifying Distributions$127,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$127,000AdjustedQualifyingDistriAmt

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$127,000CurrentYearAmt
Year1$80,000Year1Amt
Year2$82,610Year2Amt
Total$289,610TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$127,000CurrentYearAmt
Year1$80,000Year1Amt
Year2$82,610Year2Amt
Total$289,610TotalAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
Year2$2,695,932Year2Amt
Year3$493,065Year3Amt
Total$3,188,997TotalAmt

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 (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line1RecipientForeignAddress/AddressLine1TxtCityRecipientForeignAddress/CityNmProvince Or StateRecipientForeignAddress/ProvinceOrStateNmCountryRecipientForeignAddress/CountryCdForeign PostalRecipientForeignAddress/ForeignPostalCd
UNIV OF CALIFORNIA REGENTS
ONE SHIELDS AVENUEDAVISCA95616QUALIFIED CHARITYEOFEDUCATIONAL$50,000
ANGEL ISLAND IMMIGRATION STATION FO
5 Third St Suite 700San FranciscoCA94103QUALIFIED CHARITYEOFEducational$25,000
NAT'L CHENG KUNG UNIV AMER ALUMNI F
P O BOX 616CUPERTINOCA95015QUALIFIED CHARITYEOFEducational$32,000
YUAN ZE UNIVERSITY
UNIVERSITYNCEDUCATIONAL$20,000135 YUAN-TUNG ROADTAIWANCHUNG-LICH32003
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$127,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$305ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion$49,570ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$412,954RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$49,875ExclusionAmt
Related Or Exempt Function Incm$412,954RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$462,829TotalIncomeProducingActyAmt

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

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL FEESCategoryTxt
Legal Fees$34,018LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$34,018AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescUNREALIZED LOSS ON INVESTMENTSDesc
Amt$376,438Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescINVESTMENT CUSTODIAL FEEDesc
Revenue And Expenses Per Books$150RevenueAndExpensesPerBooksAmt
Net Investment Income$150NetInvestmentIncomeAmt
Adjusted Net Income$150AdjustedNetIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtAdjusted Net IncomeAdjustedNetIncomeAmt
FRANCHISE TAX BOARD$1,801$1,801
INTERNAL REVENUE SERVICE$2,210$2,210

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