E & M FOUNDATION INC: Form 990PF, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: E & M FOUNDATION INC (EIN 76-0509216)
Tax period: 2010-01-01 to 2010-12-31
Filed: 2011-06-09
IRS object ID: 201131609349100103
Schema version: 2010v3.2
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
Form 990-PF
All Oth Prog Rltd Investments Sch
Investments Corp Stock Schedule
Other Income Schedule2
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-06-09T08:51:49-07:00	Timestamp
Tax Period End Date	2010-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SHIEH LEE & COMPANY	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	9889 BELLAIRE BLVD STE 127	AddressLine1
City	HOUSTON	City
State	TX	State
ZIP Code	770363467	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2010-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	760509216	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	E & M FOUNDATION INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	E&MF	NameControl
Phone	7139549507	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	P O BOX 772866	AddressLine1
City	HOUSTON	City
State	TX	State
ZIP Code	77215	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	EMILY WANG	Name
Title	DIRECTOR	Title
Phone	7139549507	Phone
Date Signed	2011-05-14	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	GRACE SHIEH	Name
Phone	7139549507	Phone
Date Prepared	2011-06-09	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	112386	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Received Rev And Expnss	5500	ContriReceivedRevAndExpnss
Not Required To Attach Schedule B	X	NotRequiredToAttachScheduleB
Capital Gain Net Incm Net Invst Incm	0	CapitalGainNetIncmNetInvstIncm
Other Income Rev And Expnss	71	OtherIncomeRevAndExpnss
Other Income Adj Net Incm	71	OtherIncomeAdjNetIncm
Total Revenue And Expenses	5571	TotalRevenueAndExpenses
Total Net Investment Income	0	TotalNetInvestmentIncome
Total Adjusted Net Income	71	TotalAdjustedNetIncome
Accounting Fees Rev And Expnss	928	AccountingFeesRevAndExpnss
Accounting Fees Adj Net Incm	928	AccountingFeesAdjNetIncm
Taxes Rev And Expnss	23	TaxesRevAndExpnss
Taxes Adj Net Incm	23	TaxesAdjNetIncm
Tot Opr Expenses Rev And Expnss	951	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	0	TotOprExpensesNetInvstIncm
Tot Opr Expenses Adj Net Incm	951	TotOprExpensesAdjNetIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	0	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	7300	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	7300	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	8251	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	0	TotalExpensesNetInvstIncm
Total Expenses Adj Net Incm	951	TotalExpensesAdjNetIncm
Total Expenses Dsbrs Chrtbl Prps	7300	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	-2680	ExcessOfRevenueOverExpenses
Net Investment Income	0	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Cash BOY	8611	CashBOY
Cash EOY	5931	CashEOY
Cash EOYFMV	5931	CashEOYFMV
Investments Corp Stock BOY	335196	InvestmentsCorpStockBOY
Investments Corp Stock EOY	335196	InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV	106455	InvestmentsCorpStockEOYFMV
Total Assets BOY	343807	TotalAssetsBOY
Total Assets EOY	341127	TotalAssetsEOY
Total Assets EOYFMV	112386	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Paid In Or Capital Surplus BOY	343807	PaidInOrCapitalSurplusBOY
Paid In Or Capital Surplus EOY	341127	PaidInOrCapitalSurplusEOY
Total Net Assets BOY	343807	TotalNetAssetsBOY
Total Net Assets EOY	341127	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	343807	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	341127	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	343807	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	-2680	ExcessOfRevenueOverExpenses
Subtotal	341127	Subtotal
Total Net Assets Fund Balances EOY	341127	TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	7300	QualifyingDistributionsYear1
Noncharitable Assets Year1	108723	NoncharitableAssetsYear1
Distribution Ratio Year1	0.067143	DistributionRatioYear1
Qualifying Distributions Year2	10105	QualifyingDistributionsYear2
Noncharitable Assets Year2	327121	NoncharitableAssetsYear2
Distribution Ratio Year2	0.030891	DistributionRatioYear2
Qualifying Distributions Year3	5600	QualifyingDistributionsYear3
Noncharitable Assets Year3	528064	NoncharitableAssetsYear3
Distribution Ratio Year3	0.010605	DistributionRatioYear3
Qualifying Distributions Year4	19775	QualifyingDistributionsYear4
Noncharitable Assets Year4	593250	NoncharitableAssetsYear4
Distribution Ratio Year4	0.033333	DistributionRatioYear4
Qualifying Distributions Year5	39124	QualifyingDistributionsYear5
Noncharitable Assets Year5	294179	NoncharitableAssetsYear5
Distribution Ratio Year5	0.132994	DistributionRatioYear5
Total Distribution Ratio	0.274966	TotalDistributionRatio
Average Distribution Ratio	0.054993	AverageDistributionRatio
Net Noncharitable Assets	94123	NetNoncharitableAssets
Adjusted Noncharitable Assets	5176	AdjustedNoncharitableAssets
Adj Nonchrtbl Assets And One	5176	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	7300	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	X	DomesticOrgMeetingSect4940e
Investment Income Excise Tax	0	InvestmentIncomeExciseTax
Tax Under Section511	0	TaxUnderSection511
Tax Based On Investment Income	0	TaxBasedOnInvestmentIncome
Amount Credited To Next Year	0	AmountCreditedToNextYear

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
Legislative Political Activities	false	LegislativePoliticalActivities
More Than100 Spent	false	MoreThan100Spent
Form1120 POL Filed	false	Form1120POLFiled
Activities Not Prev Reported	false	ActivitiesNotPrevReported
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylaws
Unrelated Bus Income Over1000	false	UnrelatedBusIncomeOver1000
Termination Etc	false	TerminationEtc
Requirements Of Sect508e	true	RequirementsOfSect508e
At Least5000 In Assets	true	AtLeast5000InAssets
Form990 PF Filed With AG	false	Form990PFFiledWithAG
Private Operating Foundation	false	PrivateOperatingFoundation
New Substantial Contributors	false	NewSubstantialContributors
Interest In Controlled Entity	false	InterestInControlledEntity
Applicable Insurance Contract	false	ApplicableInsuranceContract
Comply With Public Inspection Rqr	true	ComplyWithPublicInspectionRqr
Website Address	N/A	WebsiteAddress
Books In Care Of Person Name	EMILY WANG	BooksInCareOfPersonName
Books In Care Of Phone Number	7139549507	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	P O BOX 772866	AddressLine1
City	HOUSTON	City
State	TX	State
ZIP Code	77215	ZIPCode

Field	Value	IRS element (for citing)
Foreign Bank	false	ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

Field	Value	IRS element (for citing)
Sale Or Exchange With Dsqfly Person	false	SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person	false	BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person	false	FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person	false	PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person	false	TransferAssetsToDsqflyPerson
Payment To Government Offical	false	PaymentToGovernmentOffical
Acts Fail To Qualify As Exceptions	false	ActsFailToQualifyAsExceptions
Uncorrected Prior Acts	false	UncorrectedPriorActs
Undistributed Income Prior Years	false	UndistributedIncomePriorYears
Undistr Income4942a2 Not Applied	false	UndistrIncome4942a2NotApplied
Business Holdings	false	BusinessHoldings
Excess Business Holdings	false	ExcessBusinessHoldings
Jeopardy Investments	false	JeopardyInvestments
Uncorrected Jeopardy Investments	false	UncorrectedJeopardyInvestments
Influence Legislation	false	InfluenceLegislation
Influence Election	false	InfluenceElection
Grants To Individuals	false	GrantsToIndividuals
Grants To Organizations	false	GrantsToOrganizations
Noncharitable Purpose	false	NoncharitablePurpose
Tr Fail To Qualify As Exceptions	false	TrFailToQualifyAsExceptions
Relying Curr Notice Disaster Asst2	X	RelyingCurrNoticeDisasterAsst2
Maint Expend Responsibility	false	MaintExpendResponsibility
Rcv Funds To Pay Prsnl Bnft Contract	false	RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract	false	PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn	false	ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (3 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitle	Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition	CompensationCompensation	Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc	Expense Account Other AllowancesExpenseAccountOtherAllowances
EMILY WANG
PO BOX 772866	HOUSTON	TX	77215	DIRECTOR	3.00	0	0	0
MING WANG
PO BOX 772866	HOUSTON	TX	77215	DIRECTOR	3.00	0	0	0
GRACE SHIEH
9889 BELLAIRE 127	HOUSTO	TX	77036	DIRECTOR	1.00	0	0	0

Field	Value	IRS element (for citing)
Comp Of Highest Paid Empl NONE	NONE	CompOfHighestPaidEmplNONE
Tot Number Of Oth Empl Paid Over50k	0	TotNumberOfOthEmplPaidOver50k
Comp Of Hghst Paid Cntrct NONE	NONE	CompOfHghstPaidCntrctNONE
Tot Number Of Cntrct Paid Over50k	0	TotNumberOfCntrctPaidOver50k

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	89446	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	6110	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	95556	TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets	95556	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	1433	CashDeemedCharitable
Net Noncharitable Assets	94123	NetNoncharitableAssets
Minimum Investment Return	4706	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	4706	MinimumInvestmentReturn
Distributable Amount Before Adj	4706	DistributableAmountBeforeAdj
Distributable Amount Before Ded	4706	DistributableAmountBeforeDed
Distributable Amount As Adjusted	4706	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	7300	ExpensesAndContributions
Qualifying Distributions	7300	QualifyingDistributions
Adj Qualifying Distributions	7300	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	4706	DistributableAmountAsAdjusted
Excess Distri Carryover Year1	20765	ExcessDistriCarryoverYear1
Total Excess Distri Carryover	20765	TotalExcessDistriCarryover
Qualifying Distributions	7300	QualifyingDistributions
Applied To Current Year	4706	AppliedToCurrentYear
Remaining Distri From Corpus	2594	RemainingDistriFromCorpus
Total Corpus	23359	TotalCorpus
Undistributed Income CY	0	UndistributedIncomeCY
Excess Distri Cyov To Next Year	23359	ExcessDistriCyovToNextYear
Excess From Year1	20765	ExcessFromYear1
Excess From Current Year	2594	ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (6 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
TEXAS BUDDHIST ASSOCIATION
6969 WEST BRANCH DR	HOUSTON	TX	77072	EXEMPT ORG	DONATION	$500
UNIVERSITY OF ST THOMAS
3800 MONTROSE BLVD	HOUSTON	TX	77006	EXEMPT ORG	DONATION	$5,000
CHUNG TAI ZAN CENTER OF HOUSTON
12129 BELLAIRE BLVD	HOUSTON	TX	77072	EXEMPTORG	DONATION	$1,450
HOUSTON EVERGREEN CHINESE SCHOOL
8900 BELLAIRE BLVD	HOUSTON	TX	77036	EXEMPTORG	DONATION	$200
TZU-CHI FOUNDATION
6200 CORPORATE DR	HOUSTON	TX	77036	EXEMPT ORG	DONATION	$150
(no name)
						$0

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	7300	TotGrantOrContriPaidDuringYear

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Noncharitable EO	false	TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO	false	TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO	false	PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc	false	RentalOfFacilitiesEtc
Reimbursement Arrangements	false	ReimbursementArrangements
Loans Or Loan Guarantees	false	LoansOrLoanGuarantees
Performance Of Services Etc	false	PerformanceOfServicesEtc
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtc
Relationships Noncharitable E Os	false	RelationshipsNoncharitableEOs

All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch

All Oth Prog Rltd Investments AllOthProgRltdInvestments (2 entries)

DescriptionDescription
NONE
NONE

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (2 entries)

Name Of StockNameOfStock	EOY Book ValueEOYBookValue	EOYFMVEOYFMV
INITIAL (9407x 1.5) SHARES	99996
METRO ADDITIONAL (10000 X1.5) SHARE IN 9-16-06FMV$23.52	235200	106455

Other Income Schedule2 OtherIncomeSchedule2

Other Income OtherIncome

Field	Value	IRS element (for citing)
Description	TAX REFUND DEPOSIT	Description
Revenue And Expenses Per Books	71	RevenueAndExpensesPerBooks
Adjusted Net Income	71	AdjustedNetIncome

Taxes Schedule TaxesSchedule

Taxes Taxes

Field	Value	IRS element (for citing)
Category	TAX	Category
Amount	$23	Amount
Adjusted Net Income	23	AdjustedNetIncome

E & M FOUNDATION INC: Form 990PF, tax year 2010

Return header ReturnHeader

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Preparer Firm US Address PreparerFirmUSAddress

Filer Filer

Name Name

US Address USAddress

Officer Officer

Preparer Preparer

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Balance Sheets BalanceSheets

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Statements Regarding Activities StatementsRegardingActivities

Books In Care Of US Address BooksInCareOfUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (3 entries)

Minimum Investment Return MinimumInvestmentReturn

Distributable DistributableAmount

Qualifying Distributions QualifyingDistributions

Undistributed Income UndistributedIncome

Supplementary Information SupplementaryInformation

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (6 entries)

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch

All Oth Prog Rltd Investments AllOthProgRltdInvestments (2 entries)

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (2 entries)

Other Income Schedule2 OtherIncomeSchedule2

Other Income OtherIncome

Taxes Schedule TaxesSchedule

Taxes Taxes

Comments