2025-12-21T15:42:25-07:00 2024-12-31 990 2024-01-01 843666348 P & Y FOUNDATION P&YF 8019195368 260 KING ST UNIT 879 SAN FRANCISCO CA 94107 yangtian sun software engineer 8019195368 2025-12-03 1 2024 2025-03-06 01:10:19Z yangtian sun 1372 San Tomas Aquino rd san jose CA 95130 256418 0 X X 2019 CA The organization promotes cross-cultural understanding through Asian arts, performances, and public engagement. 3 3 0 30 0 0 115943 190845 239555 65573 0 0 0 0 355498 256418 0 0 0 0 0 0 0 0 0 315549 296250 315549 296250 39949 -39832 80966 123238 0 82104 80966 41134 Promote cultural exchange and mutual understanding between Asian arts and U.S. communities through education, exhibitions, and public programs. 0 0 296250 0 65573 Community-based cultural and educational programs, including nonprofit stand-up comedy performances and related events, are aimed at promoting mental health awareness, cultural engagement, and community well-being. 0 0 0 No additional separate program services conducted during the tax year. 0 0 0 No additional separate program services conducted during the tax year. 0 0 0 296250 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X yangtian sun 8019195368 260 KING ST UNIT 879 SAN FRANCISCO CA 94107 X Yangtian Sun CEO 5 X X 0 0 0 Peng Jia COO 3 X 0 0 0 Zhengyu Qin CTO 3 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 190845 0 190845 performing arts events 711510 65573 65573 0 0 0 0 0 0 65573 0 0 0 0 0 0 256418 65573 0 0 X 0 0 0 0 296250 296250 296250 296250 0 0 80966 11385 111853 0 111853 80966 123238 82104 0 82104 X 80966 41134 0 0 80966 41134 80966 123238 X -39832 0 0 0 0 0 X 0 0 0 X 105943 65728 171671 239555 22906 262461 0 0 0 0 0 0 0 345498 88634 434132 0 0 0 0 0 0 0 0 0 434132 0 0 0 0 0 345498 88634 434132 1 1 0 0 X Schedule A, Part II, Line 12 The organization did not have any investment income or unrelated business income during the tax year. All revenues reported in Schedule A, Part III, come from public support, contributions, and program service activities related to the organization's exempt purpose. The Foundation continues to qualify as a public charity under section 509(a)(2). 0 0 0 0 0 0 0 0 0 0 0 111853 0 0 111853 0 0 0 0 111853 Schedule D, Part VI, Line 1d The organization reported equipment in Schedule D, Part VI consisting of a motor vehicle (2024 Tesla Cybertruck) purchased during the tax year for use in the organization's exempt program activities and operations. The vehicle is titled in the name of the organization. No depreciation was recorded for the tax year, and the asset is reported at cost, which is consistent with the organization's accounting practices for Form 990 reporting purposes. Form 990, Part VI, Section B, Line 11b A complete copy of Form 990 was provided to all members of the governing body prior to filing. The board reviewed and approved the return before submission. Form 990, Part VI, Section B, Line 12c The organization has a written Conflict of Interest Policy. All directors and officers are required to disclose any potential conflicts annually and whenever a conflict arises. The board reviews such disclosures and ensures compliance through regular discussions at board meetings. Form 990, Part VI, Section C, Line 19 The organization's governing documents, conflict of interest policy (if adopted), and financial statements are available for public inspection upon request. The organization does not maintain a public website. Requests may be made to the address listed on Form 990. Form 990, Part IX, Line 11g Program-related event production, venue, and service costs Form 990, Part IX, Line 24e Miscellaneous operating expenses, including program-related costs, administrative support, and other general operating expenditures. Form 990, Part XI, Line 9 Other changes reflect reconciliation adjustments between cash balances and previously reported activity, including prior-year funds disbursed during the current year. Schedule B, Part I Contributions processed through American Online Giving Inc. represent aggregated employee workplace-giving donations made through various corporate payroll programs. The organization does not have access to individual donor information, and therefore reports the aggregate total under the name of the processing organization in accordance with IRS Schedule B instructions. During the filing period, the organization experienced unexpected operational and administrative challenges that significantly affected the responsible individual's ability to timely complete and submit the Form 990. These challenges included an unusually heavy workload and personal health-related stress that impaired the individual's capacity to manage compliance matters within the normal timeframe. The delay was not due to willful neglect or intentional disregard of filing requirements. Once the circumstances stabilized, the organization promptly completed the Form 990 and is taking steps to improve internal processes to ensure timely filings going forward. We respectfully request consideration of these circumstances as reasonable cause for the late filing