WANG FAMILY FOUNDATION: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
WANG FAMILY FOUNDATION (EIN 68-0338738)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-10-13
IRS object ID
201632879349100518
Schema version
2015v2.1
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)
Return2016-10-13T18:29:49-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN941155092PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LEHMAN AND ASSOCIATESBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 2880AddressLine1Txt
CityNAPACityNm
State AbbreviationCAStateAbbreviationCd
ZIP94558ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN680338738EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WANG FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWANGBusinessNameControlTxt
Phone7072592811PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13268 VILLA LANEAddressLine1Txt
CityNAPACityNm
State AbbreviationCAStateAbbreviationCd
ZIP94558ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonFRANCIS SL WANGPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone7072592811PhoneNum
Signature2016-10-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonERIC LEHAMN CPAPreparerPersonNm
PTINP00817680PTIN
Phone7072246584PhoneNum
Preparation2016-10-12PreparationDt
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$2,415,019FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$63,394DividendsRevAndExpnssAmt
Dividends Net Invst Incm$63,394DividendsNetInvstIncmAmt
Dividends Adj Net Incm$63,394DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$93,461NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$93,461GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$93,461CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$156,855TotalRevAndExpnssAmt
Total Net Invst Incm$156,855TotalNetInvstIncmAmt
Total Adj Net Incm$63,394TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$2,059AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$2,059AccountingFeesNetInvstIncmAmt
Other Expenses Rev And Expnss$8,371OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$8,371OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$10,430TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$10,430TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$384,879ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$384,879ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$395,309TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$10,430TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$384,879TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$238,454ExcessRevenueOverExpensesAmt
Net Investment Income$146,425NetInvestmentIncomeAmt
Adjusted Net Income$63,394AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$177,468CashBOYAmt
Cash EOY$119,191CashEOYAmt
Cash EOYFMV$119,191CashEOYFMVAmt
Corporate Stock BOY$48,627CorporateStockBOYAmt
Corporate Stock EOY$2,295,828CorporateStockEOYAmt
Corporate Stock EOYFMV$2,295,828CorporateStockEOYFMVAmt
Total Assets BOY$226,095TotalAssetsBOYAmt
Total Assets EOY$2,415,019TotalAssetsEOYAmt
Total Assets EOYFMV$2,415,019TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$226,095UnrestrictedBOYAmt
Unrestricted EOY$2,415,019UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$226,095TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,415,019TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$226,095TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,415,019TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$226,095TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$238,454ExcessRevenueOverExpensesAmt
Other Increases$2,427,378OtherIncreasesAmt
Subtotal$2,415,019SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,415,019TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$93,461CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$213,078AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$2,738,031NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.077822DistributionYr1Rt
Adjusted Qlfy Distri Yr2$252,134AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$1,508,589NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.167132DistributionYr2Rt
Adjusted Qlfy Distri Yr3$171,323AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$1,631,120NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.105034DistributionYr3Rt
Adjusted Qlfy Distri Yr4$448,664AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$1,892,633NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.237058DistributionYr4Rt
Adjusted Qlfy Distri Yr5$528,976AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$1,323,444NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.399697DistributionYr5Rt
Total Distribution0.986743TotalDistributionRt
Average Distribution0.197349AverageDistributionRt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Net Investment Income Pct$1,464NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$1,464AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$384,879QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$1,464InvestmentIncomeExciseTaxAmt
Subtotal$1,464SubtotalAmt
Tax Based On Investment Income$1,464TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$36EsPenaltyAmt
Tax Due$1,500TaxDueAmt

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 SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
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 Line1WANG FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7072592811PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line13268 VILLA LANEAddressLine1Txt
CityNAPACityNm
State AbbreviationCAStateAbbreviationCd
ZIP94558ZIPCd
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
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

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
FRANCIS SL WANG
3268 VILLA LANENAPACA94558DIRECTOR5.00$0$0$0
LAURA WY YOUNG
3268 VILLA LANENAPACA94558DIRECTOR5.00$0$0$0
MARY WANG
3268 VILLA LANENAPACA94558DIRECTOR0.00$0$0$0
ELIZABETH WANG
3268 VILLA LANENAPACA94558DIRECTOR0.00$0$0$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)
Description1INTERNATIONAL ASSOCIATION OF LAW SCHOOLS (IALS). THE IALS IS A NON-PROFIT INTERNATIONAL ORGANIZATION OF THE WORLD'S LEADIG LAW SCHOOLS, WITH APPROXIMATELY 150 MEMBERS REPRESENTING MORE THAN 50 DIFFERENT COUNTRIES. THE FOUNDATION WAS INSTRUMENTAL IN THE FOUNDING OF THE ORGANIZATION. IT CONTINUES ITS EFFORTS IN ASSISTING THE ASSOCIATION TO GAIN NEW MEMBERS, PROVIDE MEMBERSHIP SERVICES, AND IN THE GOVERNANCE OF THE ASSOCIATION. IT ALSO PROVIDES ADMINISTRATIVE, LOGISTICAL, INTELLECTUAL, AND FINANCIAL SUPPORT FOR ITS PROGRAMS. THE FOUNDATION CONTINUES ITS ASSISTANCE IN ORGANIZING AND SUPPORTING CONFERENCES ON VARIOUS LEGAL EDUCATIONAL TOPICS.Description1Txt
Expenses1$293,205Expenses1Amt
Description2CORNELL LAW SCHOOL. THE FOUNDATION CONTINUED ITS WORK IN ASSISTING PUBLIC EDUCATION SYSTEMS IN DEVELOPING RELATIONSHIPS WITH INTERNATIONAL LAW SCHOOLS. IT HAS SPONSORED A VARIETY OF PROJECTS AT THE LAW SCHOOL, INCLUDING PRESERVATION AND MAINTENANCE OF THE FACILITIES.Description2Txt
Expenses2$55,000Expenses2Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

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
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$384,879ExpensesAndContributionsAmt
Qualifying Distributions$384,879QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$1,464PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$383,415AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Qualifying Distributions$384,879QualifyingDistributionsAmt
Remaining Distri From Corpus$384,879RemainingDistriFromCorpusAmt
Total Corpus$384,879TotalCorpusAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Section4942j5Yes (X)Section4942j5Ind

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$384,879CurrentYearAmt
Total$384,879TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$384,879CurrentYearAmt
Total$384,879TotalAmt

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 (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
INTERNATIONAL ASSO OF LAW SCHOOLS
124 MYRON TAYLOR HALLITHICANY14853NONECHARITABLE, COMMUNITY IMPROVEMENT$293,205
CORNELL LAW SCHOOL
124 MYRON TAYLOR HALLITHICANY14853NONECHARITABLE. COMMUNITY IMPROVEMENT$55,000
OTHER GRANTS TO UNRELATED ENTITIES
VARIOUSNAPACA94558NONECOMMUNITY IMPROVEMENT$36,674
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$384,879TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$63,394RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion1ExclusionCd
Exclusion$93,461ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$93,461ExclusionAmt
Related Or Exempt Function Incm$63,394RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$156,855TotalIncomeProducingActyAmt

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)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$2,059Amt
Net Investment Income$2,059NetInvestmentIncomeAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockFIDELITY INVESTMENTSStockNm
EOY Book Value$2,295,828EOYBookValueAmt
EOYFMV$2,295,828EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
BANK CHARGES$2,153$2,153
OPERATING EXPENSE$6,218$6,218

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescADJUST PUBLICLY TRADED STOCKDesc
Amt$2,427,378Amt

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