SHENG FOUNDATION: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
SHENG FOUNDATION (EIN 20-5771799)
Tax period
2012-10-01 to 2013-09-30
Filed
2014-02-18
IRS object ID
201400499349100505
Schema version
2012v2.0
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)
Timestamp2014-02-18T11:30:58-08:00Timestamp
Tax Period End Date2013-09-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

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

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line11582 Centre Pointe DriveAddressLine1
CityMilpitasCity
StateCAState
ZIP Code95035ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2012-10-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN205771799EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1THE SHENG FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlSHENNameControl
Phone4089963893Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line17718 SEEBER CTAddressLine1
CityCUPERTINOCity
StateCAState
ZIP Code95014ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameDAVID Y SHENGName
TitlePresidentTitle
Date Signed2014-02-18DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameJIMMY J CHENName
PTINP01715847PTIN
Phone4084358828Phone
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2015-12-30 17:16:21ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY363091FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Not Required To Attach Schedule BXNotRequiredToAttachScheduleB
Dividends Rev And Expnss3981DividendsRevAndExpnss
Dividends Net Invst Incm3981DividendsNetInvstIncm
Dividends Adj Net Incm3981DividendsAdjNetIncm
Net Gain Sale Assets Rev And Expnss-12817NetGainSaleAssetsRevAndExpnss
Gross Sales Price59102GrossSalesPrice
Total Revenue And Expenses-8836TotalRevenueAndExpenses
Total Net Investment Income3981TotalNetInvestmentIncome
Total Adjusted Net Income3981TotalAdjustedNetIncome
Accounting Fees Rev And Expnss1265AccountingFeesRevAndExpnss
Accounting Fees Dsbrs Chrtbl Prps1265AccountingFeesDsbrsChrtblPrps
Taxes Rev And Expnss879TaxesRevAndExpnss
Taxes Dsbrs Chrtbl Prps879TaxesDsbrsChrtblPrps
Deprec And Depletion Rev And Expnss265DeprecAndDepletionRevAndExpnss
Trav Conf Meeting Rev And Expnss3739TravConfMeetingRevAndExpnss
Trav Conf Meeting Dsbrs Chrtbl Prps3740TravConfMeetingDsbrsChrtblPrps
Other Expenses Rev And Expnss2009OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm25OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps1984OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss8157TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm25TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps7868TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss7000ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps7000ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss15157TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm25TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps14868TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses-23993ExcessOfRevenueOverExpenses
Net Investment Income3956NetInvestmentIncome
Adjusted Net Income3981AdjustedNetIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY43554CashBOY
Cash EOY28578CashEOY
Cash EOYFMV28578CashEOYFMV
Savings And Temp Cash Invst BOY133075SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY47210SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV47210SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY153941InvestmentsCorpStockBOY
Investments Corp Stock EOY230945InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV286896InvestmentsCorpStockEOYFMV
Land Building And Equipment Basis40501LandBuildingAndEquipmentBasis
Accum Deprec Land Bldg And Equip40094AccumDeprecLandBldgAndEquip
Land Building And Equipment BOY563LandBuildingAndEquipmentBOY
Land Building And Equipment EOY407LandBuildingAndEquipmentEOY
Land Building And Equipment EOYFMV407LandBuildingAndEquipmentEOYFMV
Total Assets BOY331133TotalAssetsBOY
Total Assets EOY307140TotalAssetsEOY
Total Assets EOYFMV363091TotalAssetsEOYFMV
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Capital Stock BOY310000CapitalStockBOY
Capital Stock EOY310000CapitalStockEOY
Retained Earnings BOY21133RetainedEarningsBOY
Retained Earnings EOY-2860RetainedEarningsEOY
Total Net Assets BOY331133TotalNetAssetsBOY
Total Net Assets EOY307140TotalNetAssetsEOY
Total Liabilities Net Assets BOY331133TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY307140TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY331133TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses-23993ExcessOfRevenueOverExpenses
Subtotal307140Subtotal
Total Net Assets Fund Balances EOY307140TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (3 entries)

Description Of AssetDescriptionOfAssetHow AcquiredHowAcquiredDate AcquiredDateAcquiredDate SoldDateSoldGross Sales PriceGrossSalesPriceCost Or Other BasisCostOrOtherBasisGain Or LossGainOrLossGains Minus Excess Or LossesGainsMinusExcessOrLosses
979.754 SHARES FIDELITY REAL ESTATEP2013-01-012013-09-043084335157-4314-4314
655 SHARES BIDRS EMERGING MKTSP2011-01-012013-08-062346030896-7436-7436
1150.87 SHARES PIMCO REAL ESTATEP2013-01-012013-08-0247995866-1067-1067
FieldValueIRS element (for citing)
Capital Gain Net Income-12817CapitalGainNetIncome
Net Short Term Capital Gain Or Loss-5381NetShortTermCapitalGainOrLoss

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax79InvestmentIncomeExciseTax
Subtotal79Subtotal
Tax Based On Investment Income79TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment772EstTaxPaymentsAndOverpayment
Total Credits And Payments772TotalCreditsAndPayments
Overpayment693Overpayment
Amount To Be Refunded693AmountToBeRefunded

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political ActivitiesfalseLegislativePoliticalActivities
More Than100 SpentfalseMoreThan100Spent
Form1120 POL FiledfalseForm1120POLFiled
Activities Not Prev ReportedfalseActivitiesNotPrevReported
Changes To Articles Or BylawsfalseChangesToArticlesOrBylaws
Unrelated Bus Income Over1000falseUnrelatedBusIncomeOver1000
Form990 T FiledfalseForm990TFiled
Termination EtcfalseTerminationEtc
Requirements Of Sect508efalseRequirementsOfSect508e
At Least5000 In AssetstrueAtLeast5000InAssets
States Filed WithCAStatesFiledWith
Form990 PF Filed With AGtrueForm990PFFiledWithAG
Private Operating FoundationfalsePrivateOperatingFoundation
New Substantial ContributorsfalseNewSubstantialContributors
Interest In Controlled EntityfalseInterestInControlledEntity
Applicable Insurance ContractfalseApplicableInsuranceContract
Comply With Public Inspection RqrtrueComplyWithPublicInspectionRqr
Website AddressN/AWebsiteAddress

Books In Care Of Business Name BooksInCareOfBusinessName

FieldValueIRS element (for citing)
Business Name Line1CHIEN JU SHENGBusinessNameLine1
FieldValueIRS element (for citing)
Books In Care Of Phone Number4089963893BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line17718 SEEBER CTAddressLine1
CityCUPERTINOCity
StateCAState
ZIP Code95014ZIPCode
FieldValueIRS element (for citing)
Foreign BankfalseForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly PersonfalseSaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly PersonfalseBorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly PersonfalseFurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly PersonfalsePayCompensationToDsqflyPerson
Transfer Assets To Dsqfly PersonfalseTransferAssetsToDsqflyPerson
Payment To Government OfficalfalsePaymentToGovernmentOffical
Acts Fail To Qualify As ExceptionsfalseActsFailToQualifyAsExceptions
Uncorrected Prior ActsfalseUncorrectedPriorActs
Undistributed Income Prior YearsfalseUndistributedIncomePriorYears
Undistr Income4942a2 Not AppliedfalseUndistrIncome4942a2NotApplied
Business HoldingsfalseBusinessHoldings
Excess Business HoldingsfalseExcessBusinessHoldings
Jeopardy InvestmentsfalseJeopardyInvestments
Uncorrected Jeopardy InvestmentsfalseUncorrectedJeopardyInvestments
Influence LegislationfalseInfluenceLegislation
Influence ElectionfalseInfluenceElection
Grants To IndividualsfalseGrantsToIndividuals
Grants To OrganizationsfalseGrantsToOrganizations
Noncharitable PurposefalseNoncharitablePurpose
Tr Fail To Qualify As ExceptionsfalseTrFailToQualifyAsExceptions
Maint Expend ResponsibilityfalseMaintExpendResponsibility
Rcv Funds To Pay Prsnl Bnft ContractfalseRcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft ContractfalsePayPremiumsPrsnlBnftContract
Prohibited Tax Shelter TransactnfalseProhibitedTaxShelterTransactn
Proceeds Or Net IncomefalseProceedsOrNetIncome

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (2 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensation
CHIEN JU SHENG
7718 SEEBER CTCUPERTINOCA95014Secretary4.000
DAVID Y SHENG
7718 SEEBER CTCUPERTINOCA95014President4.000
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities260867AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances91659AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets352526TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Adj Total FMV Of Unused Assets352526AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable5288CashDeemedCharitable
Net Noncharitable Assets347238NetNoncharitableAssets
Minimum Investment Return17362MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return17362MinimumInvestmentReturn
Tax Based On Investment Income79TaxBasedOnInvestmentIncome
Total Tax79TotalTax
Distributable Amount Before Adj17283DistributableAmountBeforeAdj
Distributable Amount Before Ded17283DistributableAmountBeforeDed
Distributable Amount As Adjusted17283DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions14868ExpensesAndContributions
Amounts Paid Acq Charitable Assets109AmountsPaidAcqCharitableAssets
Qualifying Distributions14977QualifyingDistributions
Adj Qualifying Distributions14977AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted17283DistributableAmountAsAdjusted
Undistributed Income Prior Year13956UndistributedIncomePriorYear
Qualifying Distributions14977QualifyingDistributions
Applied To Year113956AppliedToYear1
Treated As Distri From Corpus0TreatedAsDistriFromCorpus
Applied To Current Year1021AppliedToCurrentYear
Undistributed Income CY16262UndistributedIncomeCY

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerDAVID Y SHENGContributingManager
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (5 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
VILLAGE GOSPEL MISSION
1320 HARKER AVENUEPALO ALTOCA94301N/A501CDONATION$1,000
ELIZABETH GLASER PEDIATRIC AIDS
16130 VENTURA BLVD 250LOS ANGELASCA91436N/A501CDONATION$200
CCIC - CUPERTINO
10455 BANDLEY DRIVECUPERTINOCA95014MEMBER501CDONATION$4,000
ENLIGHTENMENT FOUNDATION
501 S BOYLAN AVENUERALEIGHNC27603N/A501CDONATION$1,300
UNIVERSITY OF CALIFORNIA - DAVIS FO
ONE SHIELDS AVENUEDAVISCA95616N/A501CDONATION$500
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year7000TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

FieldValueIRS element (for citing)
Exclusion Code1ExclusionCode

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code1ExclusionCode
Related Or Exempt Function Income3981RelatedOrExemptFunctionIncome

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Related Or Exempt Function Income-12817RelatedOrExemptFunctionIncome

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Related Or Exempt Function Income-8836RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA-8836TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EOfalseTrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EOfalseTrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssets
Purchase Assets Noncharitable EOfalsePurchaseAssetsNoncharitableEO
Rental Of Facilities EtcfalseRentalOfFacilitiesEtc
Reimbursement ArrangementsfalseReimbursementArrangements
Loans Or Loan GuaranteesfalseLoansOrLoanGuarantees
Performance Of Services EtcfalsePerformanceOfServicesEtc
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtc
Relationships Noncharitable E OsfalseRelationshipsNoncharitableEOs

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
CategoryACCOUNTINGCategory
Amount$1,265Amount
Net Investment Income0NetInvestmentIncome
Adjusted Net Income0AdjustedNetIncome
Disbursements Charitable Prps1265DisbursementsCharitablePrps

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtc (2 entries)

Category Or ItemCategoryOrItemCost Or Other BasisCostOrOtherBasisAccumulated DepreciationAccumulatedDepreciationBook ValueBookValueEOYFMVEOYFMV
Machinery and Equipment859452407407
Auto./Transportation Equip.3964239642

Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch

Note Payable NotePayable

Lenders Name LendersName

FieldValueIRS element (for citing)
IndividualMENLO MAZDAIndividual
FieldValueIRS element (for citing)
Original Amount Of Loan30234OriginalAmountOfLoan
Date Of Note2007-09DateOfNote
Maturity Date2011-09MaturityDate

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (7 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooksDisbursements Charitable PrpsDisbursementsCharitablePrpsNet Investment IncomeNetInvestmentIncome
SUPPLIES916916
POSTAGE EXPENSE99
INSURANCE EXPENSE496496
GIFT EXPENSE258258
FILING FEE5555
BANK SERVICE CHARGE2525
AUTO EXPENSE250250

Taxes Schedule TaxesSchedule

Taxes Taxes

FieldValueIRS element (for citing)
CategoryIRSCategory
Amount$879Amount
Disbursements Charitable Prps879DisbursementsCharitablePrps

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