SHENG FOUNDATION: Form 990PF, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
SHENG FOUNDATION (EIN 20-5771799)
Tax period
2011-10-01 to 2012-09-30
Filed
2013-02-06
IRS object ID
201330379349100703
Schema version
2011v1.5
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)
Timestamp2013-02-06T15:01:11-08:00Timestamp
Tax Period End Date2012-09-30TaxPeriodEndDate

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 Date2011-10-01TaxPeriodBeginDate

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 Signed2013-02-06DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameJimmy J Chen CPAName
Phone4084358828Phone
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-03-07 17:11:31ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY328490FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Not Required To Attach Schedule BXNotRequiredToAttachScheduleB
Dividends Rev And Expnss4910DividendsRevAndExpnss
Dividends Net Invst Incm4910DividendsNetInvstIncm
Dividends Adj Net Incm4910DividendsAdjNetIncm
Net Gain Sale Assets Rev And Expnss33547NetGainSaleAssetsRevAndExpnss
Gross Sales Price205696GrossSalesPrice
Capital Gain Net Incm Net Invst Incm33547CapitalGainNetIncmNetInvstIncm
Net STCG Adj Net Incm12154NetSTCGAdjNetIncm
Total Revenue And Expenses38457TotalRevenueAndExpenses
Total Net Investment Income38457TotalNetInvestmentIncome
Total Adjusted Net Income17064TotalAdjustedNetIncome
Accounting Fees Rev And Expnss1265AccountingFeesRevAndExpnss
Accounting Fees Adj Net Incm1265AccountingFeesAdjNetIncm
Accounting Fees Dsbrs Chrtbl Prps1265AccountingFeesDsbrsChrtblPrps
Taxes Rev And Expnss1359TaxesRevAndExpnss
Taxes Adj Net Incm1359TaxesAdjNetIncm
Taxes Dsbrs Chrtbl Prps1359TaxesDsbrsChrtblPrps
Deprec And Depletion Rev And Expnss8116DeprecAndDepletionRevAndExpnss
Deprec And Depletion Adj Net Incm8116DeprecAndDepletionAdjNetIncm
Trav Conf Meeting Rev And Expnss3682TravConfMeetingRevAndExpnss
Trav Conf Meeting Adj Net Incm3682TravConfMeetingAdjNetIncm
Trav Conf Meeting Dsbrs Chrtbl Prps3682TravConfMeetingDsbrsChrtblPrps
Other Expenses Rev And Expnss1278OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm28OtherExpensesNetInvstIncm
Other Expenses Adj Net Incm1278OtherExpensesAdjNetIncm
Other Expenses Dsbrs Chrtbl Prps1278OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss15700TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm28TotOprExpensesNetInvstIncm
Tot Opr Expenses Adj Net Incm15700TotOprExpensesAdjNetIncm
Tot Opr Expenses Dsbrs Chrtbl Prps7584TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss7285ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps7285ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss22985TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm28TotalExpensesNetInvstIncm
Total Expenses Adj Net Incm15700TotalExpensesAdjNetIncm
Total Expenses Dsbrs Chrtbl Prps14869TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses15472ExcessOfRevenueOverExpenses
Net Investment Income38429NetInvestmentIncome
Adjusted Net Income1364AdjustedNetIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY4144CashBOY
Cash EOY43554CashEOY
Cash EOYFMV43554CashEOYFMV
Savings And Temp Cash Invst BOY48296SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY133075SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV133075SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY255293InvestmentsCorpStockBOY
Investments Corp Stock EOY153941InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV151298InvestmentsCorpStockEOYFMV
Land Building And Equipment Basis40393LandBuildingAndEquipmentBasis
Accum Deprec Land Bldg And Equip39830AccumDeprecLandBldgAndEquip
Land Building And Equipment BOY7928LandBuildingAndEquipmentBOY
Land Building And Equipment EOY563LandBuildingAndEquipmentEOY
Land Building And Equipment EOYFMV563LandBuildingAndEquipmentEOYFMV
Total Assets BOY315661TotalAssetsBOY
Total Assets EOY331133TotalAssetsEOY
Total Assets EOYFMV328490TotalAssetsEOYFMV
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Capital Stock BOY310000CapitalStockBOY
Capital Stock EOY310000CapitalStockEOY
Retained Earnings BOY5661RetainedEarningsBOY
Retained Earnings EOY21133RetainedEarningsEOY
Total Net Assets BOY315661TotalNetAssetsBOY
Total Net Assets EOY331133TotalNetAssetsEOY
Total Liabilities Net Assets BOY315661TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY331133TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY315661TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses15472ExcessOfRevenueOverExpenses
Subtotal331133Subtotal
Total Net Assets Fund Balances EOY331133TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (5 entries)

Description Of AssetDescriptionOfAssetHow AcquiredHowAcquiredDate AcquiredDateAcquiredDate SoldDateSoldGross Sales PriceGrossSalesPriceCost Or Other BasisCostOrOtherBasisGain Or LossGainOrLossGains Minus Excess Or LossesGainsMinusExcessOrLosses
PER FIDELITY STATMENTSP2011-01-012012-03-06363873488615011501
PER FIDELITY STATMENTSP2011-01-012012-02-23588205698118391839
PER FIDELITY STATMENTSP2011-03-012012-02-15576154766399529952
PER FIDELITY STATMENTSP2011-01-012011-10-31237032150122022202
PER FIDELITY STATMENTSP2010-01-012011-10-2829171111181805318053
FieldValueIRS element (for citing)
Capital Gain Net Income33547CapitalGainNetIncome
Net Short Term Capital Gain Or Loss12154NetShortTermCapitalGainOrLoss

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax769InvestmentIncomeExciseTax
Subtotal769Subtotal
Tax Based On Investment Income769TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment662EstTaxPaymentsAndOverpayment
Total Credits And Payments662TotalCreditsAndPayments
Tax Due107TaxDue

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 Securities195177AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances129061AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets324238TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Adj Total FMV Of Unused Assets324238AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable4864CashDeemedCharitable
Net Noncharitable Assets319374NetNoncharitableAssets
Minimum Investment Return15969MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return15969MinimumInvestmentReturn
Tax Based On Investment Income769TaxBasedOnInvestmentIncome
Total Tax769TotalTax
Distributable Amount Before Adj15200DistributableAmountBeforeAdj
Distributable Amount Before Ded15200DistributableAmountBeforeDed
Distributable Amount As Adjusted15200DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions14869ExpensesAndContributions
Amounts Paid Acq Charitable Assets751AmountsPaidAcqCharitableAssets
Qualifying Distributions15620QualifyingDistributions
Adj Qualifying Distributions15620AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted15200DistributableAmountAsAdjusted
Undistributed Income Prior Year14376UndistributedIncomePriorYear
Qualifying Distributions15620QualifyingDistributions
Applied To Year114376AppliedToYear1
Treated As Distri From Corpus0TreatedAsDistriFromCorpus
Applied To Current Year1244AppliedToCurrentYear
Undistributed Income CY13956UndistributedIncomeCY

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
AMERICAN HEART ASSOCIATION
1710 GILBRETH RDBURLINGAMECA94010N/A501CDONATION$125
CCIC - CUPERTINO
10455 BANDLEY DRIVECUPERTINOCA95014MEMBER501CDONATION$4,000
ENLIGHTENMENT FOUNDATION
501 S BOYLAN AVENUERALEIGHNC27603N/A501CDONATION$1,910
UNIVERSITY OF CALIFORNIA - DAVIS
ONE SHIELDS AVENUEDAVISCA95616N/A501CDONATION$250
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year7285TotGrantOrContriPaidDuringYear

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 Income4910RelatedOrExemptFunctionIncome

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Related Or Exempt Function Income33547RelatedOrExemptFunctionIncome

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Related Or Exempt Function Income38457RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA38457TotalPartXVIA

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)
CategoryACCOUNTING FEECategory
Amount$1,265Amount
Net Investment Income0NetInvestmentIncome
Adjusted Net Income1265AdjustedNetIncome
Disbursements Charitable Prps1265DisbursementsCharitablePrps

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtc (2 entries)

Category Or ItemCategoryOrItemCost Or Other BasisCostOrOtherBasisAccumulated DepreciationAccumulatedDepreciationBook ValueBookValueEOYFMVEOYFMV
Machinery and Equipment751188563563
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 (5 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAdjusted Net IncomeAdjustedNetIncomeDisbursements Charitable PrpsDisbursementsCharitablePrpsNet Investment IncomeNetInvestmentIncome
SUPPLIES312312312
OFFICE EXPENSE185185185
LICENSE FEE202020
BANK SERVICE CHARGE28282828
AUTO EXPENSE733733733

Taxes Schedule TaxesSchedule

Taxes Taxes (3 entries)

CategoryCategoryAmountAmountAdjusted Net IncomeAdjustedNetIncomeDisbursements Charitable PrpsDisbursementsCharitablePrps
REGISTRY OF CHARITABLE$252525
IRS$1,32413241324
FTB$101010

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.