BETA

TSAI FAMILY FOUNDATION: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
TSAI FAMILY FOUNDATION (EIN 20-3439013)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-05-11
IRS object ID
201631329349100928
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)
Return2016-05-11T06:33:15-07:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LEUNG & YEE INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line139111 PASEO PADRE PKY 318AddressLine1Txt
CityFREMONTCityNm
State AbbreviationCAStateAbbreviationCd
ZIP945381695ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN203439013EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TSAI FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTSAIBusinessNameControlTxt
Phone4086708888PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line128620 MATADERO CREEK CTAddressLine1Txt
CityLOS ALTOSCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94022ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMIKE TSAIPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone4086708888PhoneNum
Signature2016-05-10SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLINDA LEUNG CPAPreparerPersonNm
Phone5107968228PhoneNum
Preparation2016-05-11PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-09-27 15:27:22ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$3,672FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$125ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$342DividendsRevAndExpnssAmt
Net Gain Sale Ast Rev And Expnss$2,903NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$11,752GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$7,382CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$3,370TotalRevAndExpnssAmt
Total Net Invst Incm$7,382TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$850AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$850AccountingFeesNetInvstIncmAmt
Taxes Rev And Expnss$171TaxesRevAndExpnssAmt
Taxes Net Invst Incm$51TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$4OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$4OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$1,025TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$905TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$12,050ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$12,050ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$13,075TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$905TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$12,050TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$9,705ExcessRevenueOverExpensesAmt
Net Investment Income$6,477NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$4,529CashBOYAmt
Cash EOY$3,672CashEOYAmt
Cash EOYFMV$3,672CashEOYFMVAmt
Corporate Stock BOY$8,848CorporateStockBOYAmt
Total Assets BOY$13,377TotalAssetsBOYAmt
Total Assets EOY$3,672TotalAssetsEOYAmt
Total Assets EOYFMV$3,672TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$13,377UnrestrictedBOYAmt
Unrestricted EOY$3,672UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$13,377TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$3,672TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$13,377TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$3,672TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$13,377TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$9,705ExcessRevenueOverExpensesAmt
Subtotal$3,672SubtotalAmt
Tot Net Ast Or Fund Balances EOY$3,672TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
Property150 SHARES OF NESTLEPropertyDesc
How AcquiredDHowAcquiredCd
Acquired2005-09-20AcquiredDt
Sold2015-04-27SoldDt
Gross Sales Price$11,752GrossSalesPriceAmt
Depreciation$0DepreciationAmt
Cost Or Other Basis$4,370CostOrOtherBasisAmt
Gain Or Loss$7,382GainOrLossAmt
FMV As Of123169$0FMVAsOf123169Amt
Adjusted Basis As Of123169$0AdjustedBasisAsOf123169Amt
Excess FMV Over Adjusted Bss$0ExcessFMVOverAdjustedBssAmt
Gains Minus Excess Or Losses$7,382GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$7,382CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Adjusted Qlfy Distri Yr1$10,315AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$20,514NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.502827DistributionYr1Rt
Adjusted Qlfy Distri Yr2$13,558AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$29,123NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.465543DistributionYr2Rt
Adjusted Qlfy Distri Yr3$12,663AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$28,108NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.450512DistributionYr3Rt
Adjusted Qlfy Distri Yr4$23,731AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$40,381NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.587677DistributionYr4Rt
Adjusted Qlfy Distri Yr5$15,875AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$30,972NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.512560DistributionYr5Rt
Total Distribution2.519119TotalDistributionRt
Average Distribution0.503824AverageDistributionRt
Net Vl Noncharitable Assets$7,897NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$3,979AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$65NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$4,044AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$12,050QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$65InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$65SubtotalAmt
Tax Based On Investment Income$65TaxBasedOnInvestmentIncomeAmt
Original Return Tax Paid$0OriginalReturnTaxPaidAmt
Tax Due$65TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

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 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
Individual With BooksMIKE TSAIIndividualWithBooksNm
Phone4086708888PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line128620 MATADERO CREEK CTAddressLine1Txt
CityLOS ALTOSCityNm
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
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

FieldValueIRS element (for citing)
PersonMIKE TSAIPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line128620 MATADERO CREEK CTAddressLine1Txt
CityLOS ALTOSCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94022ZIPCd
FieldValueIRS element (for citing)
TitlePRESIDENTTitleTxt
Average Hrs Per Wk Devoted To Pos5.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$3,917AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$4,100AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$8,017TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$8,017AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$120CashDeemedCharitableAmt
Net Vl Noncharitable Assets$7,897NetVlNoncharitableAssetsAmt
Minimum Investment Return$395MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$395MinimumInvestmentReturnAmt
Tax Based On Investment Income$65TaxBasedOnInvestmentIncomeAmt
Total Tax$65TotalTaxAmt
Distributable Before Adj$330DistributableBeforeAdjAmt
Distributable Before Ded$330DistributableBeforeDedAmt
Distributable As Adjusted$330DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$12,050ExpensesAndContributionsAmt
Qualifying Distributions$12,050QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$65PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$11,985AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$330DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$14,326ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$21,714ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$11,261ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$12,162ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$9,459ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$68,922TotalExcessDistributionCyovAmt
Qualifying Distributions$12,050QualifyingDistributionsAmt
Applied To Current Year$330AppliedToCurrentYearAmt
Remaining Distri From Corpus$11,720RemainingDistriFromCorpusAmt
Total Corpus$80,642TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$14,326ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$66,316ExcessDistriCyovToNextYrAmt
Excess From Year4$21,714ExcessFromYear4Amt
Excess From Year3$11,261ExcessFromYear3Amt
Excess From Year2$12,162ExcessFromYear2Amt
Excess From Year1$9,459ExcessFromYear1Amt
Excess From Current Year$11,720ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNONEContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
PBCC
10601 North Blaney AveCupertinoCA95014PUBLICEXEMPTSPREAD THE GOSPEL$10,750
Intervarsity
6400 Schroeder RdMadisonWI53707PUBLICEXEMPTSPREAD THE GOSPEL$1,200
Real Options
1671 The AlamedaSan JoseCA95126PUBLICEXEMPTSPREAD THE GOSPEL$100
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$12,050TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$342ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$2,903ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$3,245ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$3,245TotalIncomeProducingActyAmt

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)
CategoryLEUNG, WONG & YEE 2013 TAX RETURNSCategoryTxt
Amt$850Amt
Net Investment Income$850NetInvestmentIncomeAmt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

FieldValueIRS element (for citing)
Asset150 SHARES OF NESTLEAssetDesc
Acquired2005-09AcquiredDt
How AcquiredDonatedHowAcquiredTxt
Sold2015-04SoldDt
Gross Sales Price$11,752GrossSalesPriceAmt
Basis$8,849BasisAmt
Total Net$2,903TotalNetAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescACCOUNT FEEDesc
Revenue And Expenses Per Books$4RevenueAndExpensesPerBooksAmt
Net Investment Income$4NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
STATE FEES$35
FOREIGN TAX$51$51
FEDERAL TAX$85

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