LIXU FAMILY FOUNDATION: Form 990PF, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
LIXU FAMILY FOUNDATION (EIN 26-3473646)
Tax period
2013-09-01 to 2014-08-31
Filed
2015-01-12
IRS object ID
201530129349100268
Schema version
2013v4.0
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)
Return2015-01-12T14:36:11-08:00ReturnTs
Tax Period End2014-08-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Jimmy J Chen & Associates IncBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11582 Centre Pointe DriveAddressLine1
CityMilpitasCity
StateCAState
ZIP Code95035ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2013-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN263473646EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LIXU FAMILY FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlLIXUBusinessNameControlTxt
Phone6503265015PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12727 KIPLING STAddressLine1
CityPALO ALTOCity
StateCAState
ZIP Code94306ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWANJING XUPersonNm
Person TitleCFOPersonTitleTxt
Signature2015-01-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJIMMY J CHENPreparerPersonNm
PTINP01715847PTIN
Phone4084358828PhoneNum
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$160,158FMVAssetsEOYAmt
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$29InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$29InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$29InterestOnSavingsAdjNetIncmAmt
Total Rev And Expnss$29TotalRevAndExpnssAmt
Total Net Invst Incm$29TotalNetInvstIncmAmt
Total Adj Net Incm$29TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,165AccountingFeesRevAndExpnssAmt
Accounting Fees Adj Net Incm$1,165AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$1,165AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$11TaxesRevAndExpnssAmt
Taxes Adj Net Incm$11TaxesAdjNetIncmAmt
Taxes Dsbrs Chrtbl$11TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$1,902DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Adj Net Incm$1,902DeprecAndDpltnAdjNetIncmAmt
Trav Conf Meeting Rev And Expnss$170TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Adj Net Incm$170TravConfMeetingAdjNetIncmAmt
Trav Conf Meeting Dsbrs Chrtbl$170TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$3,585OtherExpensesRevAndExpnssAmt
Other Expenses Adj Net Incm$3,585OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl$3,585OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$6,833TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$6,833TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$4,931TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,375ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,375ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$8,208TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$6,833TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$6,306TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$8,179ExcessRevenueOverExpensesAmt
Net Investment Income$29NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$149,501CashBOYAmt
Cash EOY$143,084CashEOYAmt
Cash EOYFMV$143,084CashEOYFMVAmt
Sav And Temp Cash Invst BOY$15,490SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$15,505SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$15,505SavAndTempCashInvstEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$9,267LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$7,823LandBldgEquipAccumDeprecAmt
Land BOY$3,346LandBOYAmt
Land EOY$1,444LandEOYAmt
Land EOYFMV$1,444LandEOYFMVAmt
Other Assets EOY$125OtherAssetsEOYAmt
Other Assets EOYFMV$125OtherAssetsEOYFMVAmt
Total Assets BOY$168,337TotalAssetsBOYAmt
Total Assets EOY$160,158TotalAssetsEOYAmt
Total Assets EOYFMV$160,158TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$240,050CapitalStockBOYAmt
Capital Stock EOY$240,050CapitalStockEOYAmt
Retained Earning BOY-$71,713RetainedEarningBOYAmt
Retained Earning EOY-$79,892RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$168,337TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$160,158TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$168,337TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$160,158TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$168,337TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$8,179ExcessRevenueOverExpensesAmt
Subtotal$160,158SubtotalAmt
Tot Net Ast Or Fund Balances EOY$160,158TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1InvestmentIncomeExciseTaxAmt
Subtotal$1SubtotalAmt
Tax Based On Investment Income$1TaxBasedOnInvestmentIncomeAmt
Tax Due$1TaxDueAmt

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 Line1WANJING XUBusinessNameLine1
FieldValueIRS element (for citing)
Phone6503265015PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12727 KIPLING STAddressLine1
CityPALO ALTOCity
StateCAState
ZIP Code94306ZIPCode
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/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
FAYU LI
2727 KIPLING STPALO ALTOCA94306CEO0.00$0
WANJING XU
2727 KIPLING STPALO ALTOCA94306CFO0.00$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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$161,154AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$161,154TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$161,154AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,417CashDeemedCharitableAmt
Net Vl Noncharitable Assets$158,737NetVlNoncharitableAssetsAmt
Minimum Investment Return$7,937MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$7,937MinimumInvestmentReturnAmt
Tax Based On Investment Income$1TaxBasedOnInvestmentIncomeAmt
Total Tax$1TotalTaxAmt
Distributable Before Adj$7,936DistributableBeforeAdjAmt
Distributable Before Ded$7,936DistributableBeforeDedAmt
Distributable As Adjusted$7,936DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$6,306ExpensesAndContributionsAmt
Qualifying Distributions$6,306QualifyingDistributionsAmt
Adjusted Qualifying Distri$6,306AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$7,936DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$23,248ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$17,420ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$1,084ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$41,752TotalExcessDistributionCyovAmt
Qualifying Distributions$6,306QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$6,306AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$1,630ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$1,630ExcessDistributionCyovAppCYAmt
Total Corpus$40,122TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$40,122ExcessDistriCyovToNextYrAmt
Excess From Year4$21,618ExcessFromYear4Amt
Excess From Year3$17,420ExcessFromYear3Amt
Excess From Year2$1,084ExcessFromYear2Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerFAYU LIContributingManagerNm
Contributing ManagerWANJING XUContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
PALY SPORTS BOOSTER
50 EMBARCADERO ROADPALO ALTOCA94301NONE501(C)DONATION$175
PALO ALTO HIGH SCHOOL
50 EMBARCADERO RDPALO ALTOCA94301NONE501(C)DONATION$200
JUST GIVE
312 SUTTER STREETSAN FRANCISCOCA94108NONE501(C)DONATION$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,375TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$29RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$29RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$29TotalIncomeProducingActyAmt

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 FEECategoryTxt
Amt$1,165Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$1,165AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,165DisbursementsCharitablePrpsAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (2 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmtEOYFMVEOYFMVAmt
Furniture and Fixtures$2,984$2,439$545$545
Machinery and Equipment$6,283$5,384$899$899

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescOTHER RECEIVABLEDesc
EOY Book Value$125EOYBookValueAmt
EOYFMV$125EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FILING FEE$25$25$25
LICENSE EXPENSE$20$20$20
OFFICE EXPENSES$406$406$406
POSTAGE EXPENSE$2$2$2
SUPPLIES EXPENSE$13$13$13
TELEPHONE EXPENSE$2,419$2,419$2,419
UTILITIES EXPENSE$700$700$700

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FTB$10$10$10
IRS$1$1$1

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