BETA

SHENG FOUNDATION: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
SHENG FOUNDATION (EIN 20-5771799)
Tax period
2014-10-01 to 2015-09-30
Filed
2016-02-11
IRS object ID
201610429349100406
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)
Return2016-02-11T12:09:30-08:00ReturnTs
Tax Period End2015-09-30TaxPeriodEndDt

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 Line11582 Centre Pointe DriveAddressLine1Txt
CityMilpitasCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95035ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2014-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN205771799EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE SHENG FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSHENBusinessNameControlTxt
Phone4089963893PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line17718 SEEBER CTAddressLine1Txt
CityCUPERTINOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95014ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHIEN JU SHENGPersonNm
Person TitleSecretaryPersonTitleTxt
Signature2016-02-11SignatureDt
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 TS2016-04-25 22:37:26ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$379,414FMVAssetsEOYAmt
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$21,810DividendsRevAndExpnssAmt
Dividends Net Invst Incm$21,810DividendsNetInvstIncmAmt
Dividends Adj Net Incm$21,810DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$33,261NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$163,025GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$33,261CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$55,071TotalRevAndExpnssAmt
Total Net Invst Incm$55,071TotalNetInvstIncmAmt
Total Adj Net Incm$21,810TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,265AccountingFeesRevAndExpnssAmt
Accounting Fees Adj Net Incm$1,265AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$1,265AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$580TaxesRevAndExpnssAmt
Taxes Adj Net Incm$580TaxesAdjNetIncmAmt
Taxes Dsbrs Chrtbl$580TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$177DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Adj Net Incm$177DeprecAndDpltnAdjNetIncmAmt
Trav Conf Meeting Rev And Expnss$3,482TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Adj Net Incm$3,482TravConfMeetingAdjNetIncmAmt
Trav Conf Meeting Dsbrs Chrtbl$3,482TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$1,775OtherExpensesRevAndExpnssAmt
Other Expenses Adj Net Incm$1,775OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl$1,775OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$7,279TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$7,279TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$7,102TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$10,420ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$10,420ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$17,699TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$7,279TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$17,522TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$37,372ExcessRevenueOverExpensesAmt
Net Investment Income$55,071NetInvestmentIncomeAmt
Adjusted Net Income$14,531AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$13,600CashBOYAmt
Cash EOY$4,320CashEOYAmt
Cash EOYFMV$4,320CashEOYFMVAmt
Sav And Temp Cash Invst BOY$54,522SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,228SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,228SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$234,640CorporateStockBOYAmt
Corporate Stock EOY$333,663CorporateStockEOYAmt
Corporate Stock EOYFMV$372,809CorporateStockEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$41,045LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$39,988LandBldgEquipAccumDeprecAmt
Land BOY$135LandBOYAmt
Land EOY$1,057LandEOYAmt
Land EOYFMV$1,057LandEOYFMVAmt
Other Assets EOY$1OtherAssetsEOYAmt
Total Assets BOY$302,897TotalAssetsBOYAmt
Total Assets EOY$340,269TotalAssetsEOYAmt
Total Assets EOYFMV$379,414TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$310,000CapitalStockBOYAmt
Capital Stock EOY$310,000CapitalStockEOYAmt
Retained Earning BOY-$7,103RetainedEarningBOYAmt
Retained Earning EOY$30,269RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$302,897TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$340,269TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$302,897TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$340,269TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$302,897TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$37,372ExcessRevenueOverExpensesAmt
Subtotal$340,269SubtotalAmt
Tot Net Ast Or Fund Balances EOY$340,269TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$33,261CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,101InvestmentIncomeExciseTaxAmt
Subtotal$1,101SubtotalAmt
Tax Based On Investment Income$1,101TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$7EsPenaltyAmt
Tax Due$1,108TaxDueAmt

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 Line1CHIEN JU SHENGBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4089963893PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line17718 SEEBER CTAddressLine1Txt
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
DAVID Y SHENG
7718 SEEBER CTCUPERTINOCA95014President4.00$0
CHIEN JU SHENG
7718 SEEBER CTCUPERTINOCA95014Secretary4.00$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$276,731AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$88,319AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$365,050TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$365,050AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$5,476CashDeemedCharitableAmt
Net Vl Noncharitable Assets$359,574NetVlNoncharitableAssetsAmt
Minimum Investment Return$17,979MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$17,979MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,101TaxBasedOnInvestmentIncomeAmt
Total Tax$1,101TotalTaxAmt
Distributable Before Adj$16,878DistributableBeforeAdjAmt
Distributable Before Ded$16,878DistributableBeforeDedAmt
Distributable As Adjusted$16,878DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$17,522ExpensesAndContributionsAmt
Charitable Assets Acquis Paid$1,098CharitableAssetsAcquisPaidAmt
Qualifying Distributions$18,620QualifyingDistributionsAmt
Adjusted Qualifying Distri$18,620AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$16,878DistributableAsAdjustedAmt
Undistributed Income PY$17,451UndistributedIncomePYAmt
Qualifying Distributions$18,620QualifyingDistributionsAmt
Applied To Year1$17,451AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$1,169AppliedToCurrentYearAmt
Undistributed Income CY$15,709UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerDAVID Y SHENGContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
UNIVERSITY OF CALIFORNIA - DAVIS FO
ONE SHIELDS AVENUEDAVISCA95616N/A501CDONATION$250
ENLIGHTENMENT FOUNDATION
501 S BOYLAN AVENUERALEIGHNC27603N/A501CDONATION$1,470
CCIC - CUPERTINO
10455 BANDLEY DRIVECUPERTINOCA95014MEMBER501CDONATION$5,500
Third Street Community Center
160 North 3rd streetSAN JOSECA95112N/A501(C)DONATION$1,000
CHINESE INTERNATIONAL MISSION
PO BOX 700185SAN JOSECA95129N/APOFDONATION$1,000
TEXAS BAPTIST CHILDREN'S HOME
1101 N MAYS STROUND ROCKTX78664N/APOFDONATION$500
THE BREAST CANCER SOCIETY
6859 E Rembrandt Ave Ste 128MESAAZ85212N/APOFDONATION$200
BSF INTERNATIONAL
19001 HUEBNER RDSAN ANTONIIOTX78258N/APOFDONATION$500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$10,420TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion1ExclusionCd

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion1ExclusionCd
Related Or Exempt Function Incm$21,810RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$33,261RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$55,071RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$55,071TotalIncomeProducingActyAmt

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)
CategoryACCOUNTINGCategoryTxt
Amt$1,265Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$1,265AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,265DisbursementsCharitablePrpsAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (2 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmtEOYFMVEOYFMVAmt
Auto./Transportation Equip.$39,642$39,642
Machinery and Equipment$1,403$346$1,057$1,057

Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch

Note Payable NotePayableGrp

Lender Name LenderNameGrp

FieldValueIRS element (for citing)
PersonMENLO MAZDAPersonNm
FieldValueIRS element (for citing)
Loan Original$30,234LoanOriginalAmt
Note2007-09NoteDt
Loan Maturity2011-09LoanMaturityDt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescRoundingDesc
EOY Book Value$1EOYBookValueAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
AUTO EXPENSE$727$727$727
BANK SERVICE CHARGE$105$105$105
FILING FEE$30$30$30
OFFICE EXP$180$180$180
POSTAGE$13$13$13
SUPPLIES$349$349$349
UNDER SPENDING PENALTY$371$371$371

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
IRS$291$291$291
OTHER TAX$289$289$289

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