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HUNG & LEE FAMILY FOUNDATION: Form 990PF, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
HUNG & LEE FAMILY FOUNDATION (EIN 45-5329133)
Tax period
2013-05-01 to 2014-04-30
Filed
2014-06-27
IRS object ID
201421789349100307
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)
Return2014-06-27T12:23:19-07:00ReturnTs
Tax Period End2014-04-30TaxPeriodEndDt

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 Begin2013-05-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN455329133EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1HUNG & LEE FAMILY FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlHUNGBusinessNameControlTxt
Phone3155674666PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1608 ALBERTA AVEAddressLine1
CitySUNNYVALECity
StateCAState
ZIP Code94087ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSIMON HUNGPersonNm
Person TitleSecretaryPersonTitleTxt
Signature2014-06-27SignatureDt
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$42,182FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$17,881ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$213InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$213InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$213InterestOnSavingsAdjNetIncmAmt
Total Rev And Expnss$18,094TotalRevAndExpnssAmt
Total Net Invst Incm$213TotalNetInvstIncmAmt
Total Adj Net Incm$213TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,405AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,405AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$1,405AccountingFeesChrtblPrpsAmt
Deprec And Dpltn Rev And Expnss$1,231DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm$1,231DeprecAndDpltnNetInvstIncmAmt
Other Expenses Rev And Expnss$245OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$245OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$245OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$2,881TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$2,881TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,650TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$3,381TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$2,881TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$2,150TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$14,713ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$213AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$4,627CashBOYAmt
Cash EOY$5,407CashEOYAmt
Cash EOYFMV$5,407CashEOYFMVAmt
Corporate Stock BOY$17,380CorporateStockBOYAmt
Corporate Stock EOY$20,411CorporateStockEOYAmt
Corporate Stock EOYFMV$35,275CorporateStockEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$3,819LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,860LandBldgEquipAccumDeprecAmt
Land BOY$2,513LandBOYAmt
Land EOY$1,959LandEOYAmt
Land EOYFMV$1,500LandEOYFMVAmt
Total Assets BOY$24,520TotalAssetsBOYAmt
Total Assets EOY$27,777TotalAssetsEOYAmt
Total Assets EOYFMV$42,182TotalAssetsEOYFMVAmt
Accounts Payable BOY$4,722AccountsPayableBOYAmt
Other Liabilities BOY$6,734OtherLiabilitiesBOYAmt
Total Liabilities BOY$11,456TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$13,064RetainedEarningBOYAmt
Retained Earning EOY$27,777RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$13,064TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$27,777TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$24,520TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$27,777TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$13,064TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$14,713ExcessRevenueOverExpensesAmt
Subtotal$27,777SubtotalAmt
Tot Net Ast Or Fund Balances EOY$27,777TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

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 Line1SIMON HUNGBusinessNameLine1
FieldValueIRS element (for citing)
Phone3155674666PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1608 ALBERTA AVEAddressLine1
CitySUNNYVALECity
StateCAState
ZIP Code94087ZIPCode
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 (3 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
SIMON HUNG
608 ALBERTA AVESUNNYVALECA94087Secretary1.00$0
WEI-FANG HUNG
608 ALBERTA AVESUNNYVALECA94087President & CEO1.00$0
OLIVIA LEE
608 ALBERTA AVESUNNYVALECA94087CFO1.00$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$30,781AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$5,927AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$36,708TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$36,708AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$551CashDeemedCharitableAmt
Net Vl Noncharitable Assets$36,157NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,808MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,808MinimumInvestmentReturnAmt
Distributable Before Adj$1,808DistributableBeforeAdjAmt
Distributable Before Ded$1,808DistributableBeforeDedAmt
Distributable As Adjusted$1,808DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$2,150ExpensesAndContributionsAmt
Charitable Assets Acquis Paid$677CharitableAssetsAcquisPaidAmt
Qualifying Distributions$2,827QualifyingDistributionsAmt
Adjusted Qualifying Distri$2,827AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,808DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$16,105ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$16,105TotalExcessDistributionCyovAmt
Qualifying Distributions$2,827QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$1,808AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,019RemainingDistriFromCorpusAmt
Total Corpus$17,124TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$17,124ExcessDistriCyovToNextYrAmt
Excess From Year1$16,105ExcessFromYear1Amt
Excess From Current Year$1,019ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerSIMON HUNGContributingManagerNm
Contributing ManagerOLIVIA LEEContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonST ANNES HOMERecipientPersonNm

Recipient Foreign Address RecipientForeignAddress

FieldValueIRS element (for citing)
Address Line11 LANE 181SECT 7N ZHONGSHAN RDAddressLine1
CityTAIPEICity
Province Or StateSHIHLIN DISTRICTProvinceOrState
CountryTWCountry
Postal Code11156PostalCode
FieldValueIRS element (for citing)
Recipient RelationshipDONATIONRecipientRelationshipTxt
Recipient Foundation StatusPUBLICRecipientFoundationStatusTxt
Grant Or Contribution PurposeTO SERVES PEOPLE WITH SEVERE INTELLECTUAL DISABILITIES WITH HOLISTIC AND EXCELLENT PROFESSIONAL SERVICES ROOTED IN THE SPIRIT OF ITS FOUNDER AND OF ST. VINCENT.GrantOrContributionPurposeTxt
Amt$500Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion1ExclusionCd
Exclusion$213ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$213ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$213TotalIncomeProducingActyAmt

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

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonSIMON HUNG OLIVIA LEEContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1608 ALBERTA AVEAddressLine1
CitySUNNYVALECity
StateCAState
ZIP Code94087ZIPCode
FieldValueIRS element (for citing)
Total Contributions$15,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryAccounting FeesCategoryTxt
Amt$1,405Amt
Net Investment Income$1,405NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,405DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (3 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtRtRtCurrent Year ExpenseCurrentYearExpenseAmt
COMPUTER2012-11-19$2,144$429530.4000$686
CAMERA2012-12-13$998$200530.4000$319
COMPUTER2013-06-12$677340.3333$226

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockCHARLES SCHWAB ACC#9048StockNm
EOY Book Value$20,411EOYBookValueAmt
EOYFMV$35,275EOYFMVAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemMachinery and EquipmentCategoryOrItemTxt
Cost Or Other Basis$3,819CostOrOtherBasisAmt
Accumulated Depreciation$1,860AccumulatedDepreciationAmt
Book Value$1,959BookValueAmt
EOYFMV$1,500EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Filing Fee$35$35$35
Office Supplies$210$210$210

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonSIMON HUNG OLIVIA LEEPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1608 ALBERTA AVEAddressLine1
CitySUNNYVALECity
StateCAState
ZIP Code94087ZIPCode

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