LANG & SUN FAMILY FOUNDATION: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
LANG & SUN FAMILY FOUNDATION (EIN 45-4084644)
Tax period
2012-12-01 to 2013-11-30
Filed
2014-03-26
IRS object ID
201430859349100103
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)
Timestamp2014-03-26T12:48:16-07:00Timestamp
Tax Period End Date2013-11-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

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

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line11621A S MAIN STAddressLine1
CityMILPITASCity
StateCAState
ZIP Code95035ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2012-12-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN454084644EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1LANG & SUN FAMILY FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlLANGNameControl
Phone4084823371Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line121950 LINDY LNAddressLine1
CityCUPERTINOCity
StateCAState
ZIP Code95014ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameGRACE SUNName
TitleSecretary & CFOTitle
Date Signed2014-03-26DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameSHUANG MAO EAName
PTINP00660082PTIN
Phone4083929977Phone
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 EOY365651FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss259200ContriReceivedRevAndExpnss
Not Required To Attach Schedule BXNotRequiredToAttachScheduleB
Interest On Savings Rev And Expnss16698InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm16698InterestOnSavingsNetInvstIncm
Interest On Savings Adj Net Incm16698InterestOnSavingsAdjNetIncm
Net Gain Sale Assets Rev And Expnss585NetGainSaleAssetsRevAndExpnss
Gross Sales Price275982GrossSalesPrice
Capital Gain Net Incm Net Invst Incm585CapitalGainNetIncmNetInvstIncm
Net STCG Adj Net Incm585NetSTCGAdjNetIncm
Total Revenue And Expenses276483TotalRevenueAndExpenses
Total Net Investment Income17283TotalNetInvestmentIncome
Total Adjusted Net Income17283TotalAdjustedNetIncome
Accounting Fees Rev And Expnss700AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm700AccountingFeesNetInvstIncm
Accounting Fees Dsbrs Chrtbl Prps700AccountingFeesDsbrsChrtblPrps
Deprec And Depletion Rev And Expnss797DeprecAndDepletionRevAndExpnss
Deprec And Depletion Net Invst Incm797DeprecAndDepletionNetInvstIncm
Other Expenses Rev And Expnss11046OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm11046OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps11046OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss12543TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm12543TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps11746TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss8678ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps8678ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss21221TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm12543TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps20424TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses255262ExcessOfRevenueOverExpenses
Net Investment Income4740NetInvestmentIncome
Adjusted Net Income17283AdjustedNetIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY9204CashBOY
Cash EOY4264CashEOY
Cash EOYFMV4264CashEOYFMV
Investments Other BOY100000InvestmentsOtherBOY
Investments Other EOY359655InvestmentsOtherEOY
Investments Other EOYFMV360787InvestmentsOtherEOYFMV
Land Building And Equipment Basis2020LandBuildingAndEquipmentBasis
Accum Deprec Land Bldg And Equip1169AccumDeprecLandBldgAndEquip
Land Building And Equipment BOY744LandBuildingAndEquipmentBOY
Land Building And Equipment EOY851LandBuildingAndEquipmentEOY
Land Building And Equipment EOYFMV600LandBuildingAndEquipmentEOYFMV
Total Assets BOY109948TotalAssetsBOY
Total Assets EOY364770TotalAssetsEOY
Total Assets EOYFMV365651TotalAssetsEOYFMV
Accounts Payable BOY580AccountsPayableBOY
Accounts Payable EOY140AccountsPayableEOY
Total Liabilities BOY580TotalLiabilitiesBOY
Total Liabilities EOY140TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Retained Earnings BOY109368RetainedEarningsBOY
Retained Earnings EOY364630RetainedEarningsEOY
Total Net Assets BOY109368TotalNetAssetsBOY
Total Net Assets EOY364630TotalNetAssetsEOY
Total Liabilities Net Assets BOY109948TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY364770TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY109368TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses255262ExcessOfRevenueOverExpenses
Subtotal364630Subtotal
Total Net Assets Fund Balances EOY364630TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

FieldValueIRS element (for citing)
Capital Gain Net Income585CapitalGainNetIncome
Net Short Term Capital Gain Or Loss585NetShortTermCapitalGainOrLoss

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax95InvestmentIncomeExciseTax
Subtotal95Subtotal
Tax Based On Investment Income95TaxBasedOnInvestmentIncome
Tax Due95TaxDue

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 ContributorstrueNewSubstantialContributors
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 Line1GRACE SUNBusinessNameLine1
FieldValueIRS element (for citing)
Books In Care Of Phone Number4084823371BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line121950 LINDY LNAddressLine1
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
GRACE SUN
21950 LINDY LNCUPERTINOCA95014Secretary & CFO2.000
CHI-I LANG
21950 LINDY LNCUPERTINOCA95014President & CEO2.000
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 Securities278731AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances72051AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets350782TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Adj Total FMV Of Unused Assets350782AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable5262CashDeemedCharitable
Net Noncharitable Assets345520NetNoncharitableAssets
Minimum Investment Return17276MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return17276MinimumInvestmentReturn
Tax Based On Investment Income95TaxBasedOnInvestmentIncome
Total Tax95TotalTax
Distributable Amount Before Adj17181DistributableAmountBeforeAdj
Distributable Amount Before Ded17181DistributableAmountBeforeDed
Distributable Amount As Adjusted17181DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions20424ExpensesAndContributions
Amounts Paid Acq Charitable Assets904AmountsPaidAcqCharitableAssets
Qualifying Distributions21328QualifyingDistributions
Adj Qualifying Distributions21328AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted17181DistributableAmountAsAdjusted
Excess Distri Carryover Year112595ExcessDistriCarryoverYear1
Total Excess Distri Carryover12595TotalExcessDistriCarryover
Qualifying Distributions21328QualifyingDistributions
Treated As Distri From Corpus0TreatedAsDistriFromCorpus
Applied To Current Year17181AppliedToCurrentYear
Remaining Distri From Corpus4147RemainingDistriFromCorpus
Total Corpus16742TotalCorpus
Undistributed Income CY0UndistributedIncomeCY
Excess Distri Cyov To Next Year16742ExcessDistriCyovToNextYear
Excess From Year112595ExcessFromYear1
Excess From Current Year4147ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerGRACE SUNContributingManager
Contributing ManagerCHI-I LANGContributingManager
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (7 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
MONTEREY BAY AQUARIUM
886 CANNERY ROWMONTEREYCA93940DONATIONPUBLICTO INSPIRE CONSERVATION OF THE OCEANS.$250
YMCA
20803 ALVES DRIVECUPERTINOCA95014DONATIONPUBLICA CAUSE-DRIVEN ORGANIZATION THAT IS FOR YOUTH DEVELOPMENT, FOR HEALTHY LIVING AND FOR SOCIAL RESPONSIBILITY.$1,000
PABLOV FOUNDATION
6607 WEST SUNSET BLVDLOS ANGELESCA90028DONATIONPUBLICIS TO FUND PEDIATRIC CANCER RESEARCH AND ADVANCES IN TREATMENT, EDUCATE AND EMPOWER CANCER FAMILIES, AND IMPROVE THE QUALITY OF LIFE FOR CHILDREN LIVING WITH CANCER THROUGH HOSPITAL PLAY, MUSIC AND ARTS PROGRAMS.$2,000
WORLD VISION DONATION
PO BOX 9716FEDERAL WAYWA98063DONATIONPUBLICFOR AN INTERNATIONAL PARTNERSHIP OF CHRISTIANS WHOSE MISSION IS TO FOLLOW OUR LORD AND SAVIOR JESUS CHRIST IN WORKING WITH THE POOR AND OPPRESSED TO PROMOTE HUMAN TRANSFORMATION, SEEK JUSTICE, AND BEAR WITNESS TO THE GOOD NEWS OF THE KINGDOM OF GOD.$840
FRIENDSHIP AGAPE CHURCH
5150 CAMDEN AVESAN JOSECA95124DONATIONPUBLICTO HELP EACH OTHER DEVELOP A FULFILLING RELATIONSHIP WITH GOD AND TO FOSTER GOD'S LOVE AMONG PEOPLE.$3,000
WEST PORTAL ELEMENTARY SCHOOL
1188 WUNDERLICH DRSAN JOSECA95129DONATIONPUBLICFOR REFLECT THE BELIEF IN SOME VERY BASIC PREMISES: 1) ALL STUDENTS CAN LEARN AND SUCCEED, 2) SUCCESS BREEDS SUCCESS, 3) SCHOOLS CONTROL THE CONDITIONS OF SUCCESS WITHIN THE SCHOOL ENVIRONMENT, AND 4) COLLABORATION AMONGST ALL THE STAKEHOLDERS IN ESSENTIAL.$1,200
BOY SCOUT TROOP 566
970 W JULIAN STSAN JOSECA95126DONATIONPUBLICHELPING AND ENCOURAGING THE YOUTH TO LEARNING OUTDOOR SKILLS, VALUES, CITIZENSHIP, AND LEADERSHIP, WITH A STRONG PARENT-VOLUNTEER BASE AND AN EMPHASIS ON SERVICE.$388
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year8678TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

FieldValueIRS element (for citing)
Exclusion Code1ExclusionCode
Exclusion$16,698ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Related Or Exempt Function Income585RelatedOrExemptFunctionIncome

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Exclusion$16,698ExclusionAmount
Related Or Exempt Function Income585RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA17283TotalPartXVIA

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)
CategoryPrepare Tax ReturnCategory
Amount$700Amount
Net Investment Income700NetInvestmentIncome
Adjusted Net Income0AdjustedNetIncome
Disbursements Charitable Prps700DisbursementsCharitablePrps

Depreciation Schedule DepreciationSchedule

Depreciation Depreciation (2 entries)

Description Of PropertyDescriptionOfPropertyDate AcquiredDateAcquiredCost Or Other BasisCostOrOtherBasisComputation MethodComputationMethodRateRateCurrent Year ExpenseCurrentYearExpensePrior Years DepreciationPriorYearsDepreciation
COMPUTER2013-07-17904340.3333301
COMPUTER2012-04-101116340.4445496372

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOther

FieldValueIRS element (for citing)
Category Or ItemHanlon InvestmentCategoryOrItem
Listed At Cost Or FMVAT COSTListedAtCostOrFMV
Book Value359655BookValue
EOYFMV360787EOYFMV

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtc

FieldValueIRS element (for citing)
Category Or ItemMachinery and EquipmentCategoryOrItem
Cost Or Other Basis2020CostOrOtherBasis
Accumulated Depreciation1169AccumulatedDepreciation
Book Value851BookValue
EOYFMV600EOYFMV

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (6 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooksNet Investment IncomeNetInvestmentIncomeDisbursements Charitable PrpsDisbursementsCharitablePrps
Rent Expense318531853185
Office Supplies484848
Meals and Entertainment Expense100100100
Investment Expenses762876287628
Filing Fees606060
Bank Services Charge252525

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor SubstantialContributor

FieldValueIRS element (for citing)
Person NameCHI-I LANG GRACE SUNPersonName

US Address USAddress

FieldValueIRS element (for citing)
Address Line121950 LINDY LNAddressLine1
CityCUPERTINOCity
StateCAState
ZIP Code95014ZIPCode

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