BETA

CHANG & TSENG FAMILY FOUNDATION: Form 990PF, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
CHANG & TSENG FAMILY FOUNDATION (EIN 45-2882056)
Tax period
2013-07-01 to 2014-06-30
Filed
2014-08-21
IRS object ID
201412339349100411
Schema version
2013v3.1
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)
Return2014-08-21T16:02:32-07:00ReturnTs
Tax Period End2014-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ABEST TAX SERVICES INCBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11621A S MAIN STAddressLine1
CityMILPITASCity
StateCAState
ZIP Code95035ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2013-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN452882056EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CHANG & TSENG FAMILY FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlCHANBusinessNameControlTxt
Phone4082605899PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line110438 VISTA DRIVEAddressLine1
CityCUPERTINOCity
StateCAState
ZIP Code95014ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSHIH CHANG CHANGPersonNm
Person TitlePresident & CEOPersonTitleTxt
Signature2014-08-21SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSHUANG MAOPreparerPersonNm
PTINP00660082PTIN
Phone4083929977PhoneNum
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2015-12-30 17:16:21ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$989,956FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$420,004ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$4,211InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$4,211InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$4,211InterestOnSavingsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$95,232NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$429,320GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$95,232CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$519,447TotalRevAndExpnssAmt
Total Net Invst Incm$99,443TotalNetInvstIncmAmt
Total Adj Net Incm$4,211TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$900AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$900AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$5,816TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$5,816TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$27,743DeprecAndDpltnRevAndExpnssAmt
Trav Conf Meeting Rev And Expnss$54,196TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$54,196TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$23,470OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$23,470OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$112,125TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$84,382TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$112,125TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$84,382TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$407,322ExcessRevenueOverExpensesAmt
Net Investment Income$99,443NetInvestmentIncomeAmt
Adjusted Net Income$4,211AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$290,434CashBOYAmt
Cash EOY$243,031CashEOYAmt
Cash EOYFMV$243,031CashEOYFMVAmt
Sav And Temp Cash Invst BOY$7,886SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$441,272SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$441,272SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$165,344CorporateStockBOYAmt
Corporate Stock EOY$126,261CorporateStockEOYAmt
Corporate Stock EOYFMV$195,153CorporateStockEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$183,719LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$38,224LandBldgEquipAccumDeprecAmt
Land BOY$83,240LandBOYAmt
Land EOY$145,495LandEOYAmt
Land EOYFMV$110,500LandEOYFMVAmt
Total Assets BOY$546,904TotalAssetsBOYAmt
Total Assets EOY$956,059TotalAssetsEOYAmt
Total Assets EOYFMV$989,956TotalAssetsEOYFMVAmt
Accounts Payable BOY$3,959AccountsPayableBOYAmt
Accounts Payable EOY$5,792AccountsPayableEOYAmt
Total Liabilities BOY$3,959TotalLiabilitiesBOYAmt
Total Liabilities EOY$5,792TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$542,945RetainedEarningBOYAmt
Retained Earning EOY$950,267RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$542,945TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$950,267TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$546,904TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$956,059TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$542,945TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$407,322ExcessRevenueOverExpensesAmt
Subtotal$950,267SubtotalAmt
Tot Net Ast Or Fund Balances EOY$950,267TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$95,232CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,989InvestmentIncomeExciseTaxAmt
Subtotal$1,989SubtotalAmt
Tax Based On Investment Income$1,989TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$3,352EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$3,352TotalPaymentsAndCreditsAmt
Overpayment$1,363OverpaymentAmt
Applied To ES Tax$1,363AppliedToESTaxAmt

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 ContributorsYes (true)NewSubstantialContributorsInd
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 Line1SHIH CHANG CHANGBusinessNameLine1
FieldValueIRS element (for citing)
Phone4082605899PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line110438 VISTA DRIVEAddressLine1
CityCUPERTINOCity
StateCAState
ZIP Code95014ZIPCode
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
SHIH CHANG CHANG
10438 VISTA DRIVECUPERTINOCA95014President & CEO2.00$0
YUAN NING TSENG
10438 VISTA DRIVECUPERTINOCA95014Secretary & 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$230,537AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$583,381AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$813,918TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$813,918AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$12,209CashDeemedCharitableAmt
Net Vl Noncharitable Assets$801,709NetVlNoncharitableAssetsAmt
Minimum Investment Return$40,085MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$40,085MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,989TaxBasedOnInvestmentIncomeAmt
Total Tax$1,989TotalTaxAmt
Distributable Before Adj$38,096DistributableBeforeAdjAmt
Distributable Before Ded$38,096DistributableBeforeDedAmt
Distributable As Adjusted$38,096DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$84,382ExpensesAndContributionsAmt
Charitable Assets Acquis Paid$89,997CharitableAssetsAcquisPaidAmt
Qualifying Distributions$174,379QualifyingDistributionsAmt
Adjusted Qualifying Distri$174,379AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$38,096DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$20,292ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$115,318ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$135,610TotalExcessDistributionCyovAmt
Qualifying Distributions$174,379QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$38,096AppliedToCurrentYearAmt
Remaining Distri From Corpus$136,283RemainingDistriFromCorpusAmt
Total Corpus$271,893TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$271,893ExcessDistriCyovToNextYrAmt
Excess From Year2$20,292ExcessFromYear2Amt
Excess From Year1$115,318ExcessFromYear1Amt
Excess From Current Year$136,283ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerSHIH CHANG CHANGContributingManagerNm
Contributing ManagerYUAN NING TSENGContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion1ExclusionCd
Exclusion$4,211ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$95,232RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$4,211ExclusionAmt
Related Or Exempt Function Incm$95,232RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$99,443TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1CityContributorUSAddress/CityStateContributorUSAddress/StateZIP CodeContributorUSAddress/ZIPCodeTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionIndNoncash ContributionNoncashContributionInd
SHIH CHANG CHANG YUAN NING TSENG
110438 VISTA DRIVECUPERTINOCA95014$125,000Yes (X)
SHIH CHANG CHANG
210438 VISTA DRIVECUPERTINOCA95014$359,397Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor2ContributorNum
Noncash Property721 SH APPLE STOCK TRADED ON NASDAQNoncashPropertyDesc
Fair Market Value$359,397FairMarketValueAmt
Received2013-08-14ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryAccounting FeesCategoryTxt
Amt$900Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$900DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (14 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtRtRtCurrent Year ExpenseCurrentYearExpenseAmt
APPLE COMPUTER2012-06-21$2,386$537540.2581$477
EQUIPMENT2012-06-08$224$51540.2581$45
EQUIPMENT2012-06-08$250$56540.2581$50
IMPROVEMENT2012-04-25$6,000$1,350540.2581$1,200
PRINTER2012-09-01$400$40540.2000$80
PORSCHE2012-11-18$72,229$7,223560.2000$14,446
EQUIPMENT2012-12-25$3,356$336540.2000$671
EQUIPMENT2012-12-28$1,432$143540.2000$286
EQUIPMENT2012-12-31$1,847$185540.2000$369
EQUIPMENT2013-01-18$594$59540.2000$119
EQUIPMENT2013-02-05$1,387$139540.2000$277
EQUIPMENT2013-02-06$3,235$324540.2000$647
EQUIPMENT2013-02-24$381$38540.2000$76
911 TURBO PORCHE2013-09-28$89,997560.1000$9,000

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockSCOTTRADE ACC#6800-0851StockNm
EOY Book Value$126,261EOYBookValueAmt
EOYFMV$195,153EOYFMVAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (3 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmtEOYFMVEOYFMVAmt
Auto./Transportation Equip.$162,227$30,669$131,558$100,000
Machinery and Equipment$15,492$5,005$10,487$8,000
Improvements$6,000$2,550$3,450$2,500

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (11 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Auto Expenses$4,945$4,945
Bank Services Charge$59$59
Continuing Education$757$757
Dues and Subscriptions$900$900
Filing Fees$85$85
Insurance Expense$1,569$1,569
Meals and Entertainments$6,841$6,841
Repair and Maintenance$661$661
Supplies Expense$6,176$6,176
Telephone Expense$1,129$1,129
Utilities$348$348

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonSHIH CHANG CHANG YUAN NING TSENGPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line110438 VISTA DRIVEAddressLine1
CityCUPERTINOCity
StateCAState
ZIP Code95014ZIPCode

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryIncome TaxCategoryTxt
Amt$5,816Amt
Disbursements Charitable Prps$5,816DisbursementsCharitablePrpsAmt

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