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LANG & SUN FAMILY FOUNDATION: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
LANG & SUN FAMILY FOUNDATION (EIN 45-4084644)
Tax period
2014-12-01 to 2015-11-30
Filed
2016-03-26
IRS object ID
201600869349100305
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)
Return2016-03-26T13:21:28-07:00ReturnTs
Tax Period End2015-11-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ABEST TAX SERVICES INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11621A S MAIN STAddressLine1Txt
CityMILPITASCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95035ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2014-12-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN454084644EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LANG & SUN FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLANGBusinessNameControlTxt
Phone4084823371PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line121950 LINDY LNAddressLine1Txt
CityCUPERTINOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95014ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGRACE SUNPersonNm
Person TitleSecretary & CFOPersonTitleTxt
Signature2016-03-26SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSHUANG MAO EAPreparerPersonNm
PTINP00660082PTIN
Phone4083929977PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-08-17 19:52:53ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$371,882FMVAssetsEOYAmt
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$2,852DividendsRevAndExpnssAmt
Dividends Net Invst Incm$2,852DividendsNetInvstIncmAmt
Dividends Adj Net Incm$2,852DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$425NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$516,831GrossSalesPriceAmt
Total Rev And Expnss$2,427TotalRevAndExpnssAmt
Total Net Invst Incm$2,852TotalNetInvstIncmAmt
Total Adj Net Incm$2,852TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$980AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$980AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$32TaxesRevAndExpnssAmt
Taxes Net Invst Incm$32TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$32TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$482DeprecAndDpltnRevAndExpnssAmt
Other Expenses Rev And Expnss$9,823OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$2,693OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$9,823OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$11,317TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$2,725TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$10,835TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$6,400ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$6,400ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$17,717TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$2,725TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$17,235TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$15,290ExcessRevenueOverExpensesAmt
Net Investment Income$127NetInvestmentIncomeAmt
Adjusted Net Income$2,852AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$24,347CashBOYAmt
Cash EOY$21,782CashEOYAmt
Cash EOYFMV$21,782CashEOYFMVAmt
Other Investments BOY$362,223OtherInvestmentsBOYAmt
Other Investments EOY$350,000OtherInvestmentsEOYAmt
Other Investments EOYFMV$350,000OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$2,616LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,417LandBldgEquipAccumDeprecAmt
Land BOY$681LandBOYAmt
Land EOY$199LandEOYAmt
Land EOYFMV$100LandEOYFMVAmt
Total Assets BOY$387,251TotalAssetsBOYAmt
Total Assets EOY$371,981TotalAssetsEOYAmt
Total Assets EOYFMV$371,882TotalAssetsEOYFMVAmt
Other Liabilities EOY$20OtherLiabilitiesEOYAmt
Total Liabilities EOY$20TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$387,251RetainedEarningBOYAmt
Retained Earning EOY$371,961RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$387,251TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$371,961TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$387,251TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$371,981TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$387,251TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$15,290ExcessRevenueOverExpensesAmt
Subtotal$371,961SubtotalAmt
Tot Net Ast Or Fund Balances EOY$371,961TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income-$425CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$425NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$3InvestmentIncomeExciseTaxAmt
Subtotal$3SubtotalAmt
Tax Based On Investment Income$3TaxBasedOnInvestmentIncomeAmt
Tax Due$3TaxDueAmt

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 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 AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1GRACE SUNBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4084823371PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line121950 LINDY LNAddressLine1Txt
CityCUPERTINOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95014ZIPCd
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
CHI-I LANG
21950 LINDY LNCUPERTINOCA95014President & CEO2.00$0
GRACE SUN
21950 LINDY LNCUPERTINOCA95014Secretary & CFO2.00$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$319,939AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$72,811AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$392,750TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$392,750AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$5,891CashDeemedCharitableAmt
Net Vl Noncharitable Assets$386,859NetVlNoncharitableAssetsAmt
Minimum Investment Return$19,343MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$19,343MinimumInvestmentReturnAmt
Tax Based On Investment Income$3TaxBasedOnInvestmentIncomeAmt
Total Tax$3TotalTaxAmt
Distributable Before Adj$19,340DistributableBeforeAdjAmt
Distributable Before Ded$19,340DistributableBeforeDedAmt
Distributable As Adjusted$19,340DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$17,235ExpensesAndContributionsAmt
Qualifying Distributions$17,235QualifyingDistributionsAmt
Adjusted Qualifying Distri$17,235AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$19,340DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$12,595ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$4,147ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$8,333ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$25,075TotalExcessDistributionCyovAmt
Qualifying Distributions$17,235QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$17,235AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$2,105ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$2,105ExcessDistributionCyovAppCYAmt
Total Corpus$22,970TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$22,970ExcessDistriCyovToNextYrAmt
Excess From Year3$10,490ExcessFromYear3Amt
Excess From Year2$4,147ExcessFromYear2Amt
Excess From Year1$8,333ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerCHI-I LANGContributingManagerNm
Contributing ManagerGRACE SUNContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Friendship Agape Church
5150 Camden AveSan JoseCA95124DonationPCis To help each other develop a fulfilling relationship with God and to foster God's love among people.$5,000
Kennedy Middle School
821 Bubb RdCupertinoCA95014DonationPCTo provide a child-centered environment that cultivates character, foster academic excellence and embraces diversity.$1,400
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$6,400TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$2,852RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$425RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$2,427RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$2,427TotalIncomeProducingActyAmt

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)
CategoryAccounting FeesCategoryTxt
Amt$980Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$980DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (3 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtRtRtCurrent Year ExpenseCurrentYearExpenseAmt
COMPUTER2012-04-10$1,116$1,033200DB0.0741$83
COMPUTER2013-07-17$904$703200DB0.1481$134
COMPUTER2014-05-19$596$199200DB0.4445$265

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (3 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
Hanlon Acc# 4Z7-843583AT COST
Folio Institutional Acc# RD5918500HAT COST
Jackson National Life - AnnuityAT COST$350,000$350,000

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemMachinery and EquipmentCategoryOrItemTxt
Cost Or Other Basis$2,616CostOrOtherBasisAmt
Accumulated Depreciation$2,417AccumulatedDepreciationAmt
Book Value$199BookValueAmt
EOYFMV$100EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
Dues and Subscriptions$175$175
Filing Fees$55$55
Insurance Expense$6,900$6,900
Investment Expenses$2,693$2,693$2,693

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescCredit Cards PayableDesc
EOY Book Value$20EOYBookValueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryIncome TaxCategoryTxt
Amt$32Amt
Net Investment Income$32NetInvestmentIncomeAmt
Disbursements Charitable Prps$32DisbursementsCharitablePrpsAmt

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