WANGSONG FAMILY FOUNDATION: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- WANGSONG FAMILY FOUNDATION (EIN 46-1586372)
- Tax period
- 2024-11-01 to 2025-10-31
- Filed
- 2026-09-13
- IRS object ID
- 202632569349100153
- Schema version
- 2024v5.2
- 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
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Other Decreases Schedule
- Other Expenses Schedule
- Sales Of Inventory List
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-09-13T01:38:09-00:00 | ReturnTs |
| Tax Period End | 2025-10-31 | TaxPeriodEndDt |
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-11-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 461586372 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WANGSONG FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WANG | BusinessNameControlTxt |
| Phone | 4084317688 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2522 BATON ROUGE | AddressLine1Txt |
| City | SAN JOSE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95133 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | XIN-NING SONG | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 4084317688 | PhoneNum |
| Signature | 2026-09-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | WINSTON W LEE | PreparerPersonNm |
| PTIN | P00269636 | PTIN |
| Phone | 7075295480 | PhoneNum |
| Preparation | 2026-09-13 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $430,585 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Interest On Sav Rev And Expnss | $5 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $5 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $18,233 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $18,233 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $147,568 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,480,052 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $147,568 | CapGainNetIncmNetInvstIncmAmt |
| Gross Sales Less Ret And Allwnc | $15,186 | GrossSalesLessRetAndAllwncAmt |
| Cost Of Goods Sold | $31,209 | CostOfGoodsSoldAmt |
| Gross Profit Rev And Expnss | -$16,023 | GrossProfitRevAndExpnssAmt |
| Total Rev And Expnss | $149,783 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $165,806 | TotalNetInvstIncmAmt |
| Accounting Fees Rev And Expnss | $480 | AccountingFeesRevAndExpnssAmt |
| Taxes Rev And Expnss | $2,100 | TaxesRevAndExpnssAmt |
| Deprec And Dpltn Rev And Expnss | $2,713 | DeprecAndDpltnRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $3,018 | OtherExpensesRevAndExpnssAmt |
| Tot Opr Expenses Rev And Expnss | $8,311 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $17,800 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $17,800 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $26,111 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $17,800 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $123,672 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $165,806 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $39,805 | CashBOYAmt |
| Cash EOY | $40,413 | CashEOYAmt |
| Cash EOYFMV | $40,413 | CashEOYFMVAmt |
| Sav And Temp Cash Invst EOY | $387,395 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $387,395 | SavAndTempCashInvstEOYFMVAmt |
| Inventories BOY | $3,000 | InventoriesBOYAmt |
| Inventories EOY | $1,500 | InventoriesEOYAmt |
| Inventories EOYFMV | $1,500 | InventoriesEOYFMVAmt |
| Other Investments BOY | $264,599 | OtherInvestmentsBOYAmt |
| Land Bldg Equip Cost Or Other Bss | $3,990 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $2,713 | LandBldgEquipAccumDeprecAmt |
| Land EOY | $1,277 | LandEOYAmt |
| Land EOYFMV | $1,277 | LandEOYFMVAmt |
| Total Assets BOY | $307,404 | TotalAssetsBOYAmt |
| Total Assets EOY | $430,585 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $430,585 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $307,404 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $430,585 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $307,404 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $430,585 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $307,404 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $430,585 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $307,404 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $123,672 | ExcessRevenueOverExpensesAmt |
| Subtotal | $431,076 | SubtotalAmt |
| Other Decreases | $491 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $430,585 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (16 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|
| 1000 SG DESTINY TECH | P | 2024-11-18 | $33,799 | $31,240 | $2,559 | $2,559 |
| 10000 PROSHARES BITCOIN | P | 2024-11-18 | $241,593 | $191,400 | $50,193 | $50,193 |
| 1000 SH PROSHARES ULTRAPRO QQQ | P | 2024-11-19 | $75,298 | $74,003 | $1,295 | $1,295 |
| 300 SH ASML HOLDING NV | P | 2024-11-22 | $200,394 | $198,431 | $1,963 | $1,963 |
| CALL PROSHARES TR BITCOIN | P | 2024-11-18 | $627 | $337 | $290 | $290 |
| CALL PROSH TR BITCOIN | P | 2024-11-18 | $2,023 | $1,128 | $895 | $895 |
| CALL OTHERS | P | 2024-11-12 | $105 | $105 | $105 | |
| 4000 SH GTANITESHARES ETF | P | 2024-12-06 | $317,991 | $305,854 | $12,137 | $12,137 |
| 190 SH PROSH ULTRA PRO QQQ | P | 2024-12-09 | $16,625 | $14,564 | $2,061 | $2,061 |
| 1000 SH ALPHABET INC | P | 2024-12-24 | $193,994 | $189,800 | $4,194 | $4,194 |
| 1796 SH AMD | P | 2025-07-24 | $287,000 | $224,357 | $62,643 | $62,643 |
| 4 SH AMD | P | 2025-07-24 | $639 | $498 | $141 | $141 |
| 1000 SH DIREXION ETF TR | P | 2025-08-21 | $95,000 | $93,880 | $1,120 | $1,120 |
| 15 SH UP DIREXION ETF TR | P | 2025-08-21 | $4,937 | $4,495 | $442 | $442 |
| 10 PUT ALPHABET CAP STK | P | 2025-08-21 | $3,032 | $2,497 | $535 | $535 |
| 20 SH DIREXION SH ETF TR | P | 2025-08-22 | $6,995 | $6,995 | $6,995 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $147,568 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $2,305 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $2,305 | SubtotalAmt |
| Tax Based On Investment Income | $2,305 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $486 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $4,300 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $4,786 | TotalPaymentsAndCreditsAmt |
| Original Return Tax Paid | $4,786 | OriginalReturnTaxPaidAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $20 | EsPenaltyAmt |
| Overpayment | $2,461 | OverpaymentAmt |
| Applied To ES Tax | $2,461 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | false | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | XIN-NING SONG | IndividualWithBooksNm |
| Phone | 4084317688 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2522 BATON ROUGE | AddressLine1Txt |
| City | SAN JOSE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95133 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| WEI WANG | ||||||
| 2522 BATON ROUGE | SAN JOSE | CA | 95133 | CEO | 025.00 | $0 |
| XIN-NING SONG | ||||||
| 2522 BATON ROUGE | SAN JOSE | CA | 95133 | CFO SECRETARY | 025.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | SCHOLARSHIP SCHOLARSHIP AWARDS TO ACADEMIC EXCELLENT STUDENTS | Description1Txt |
| Expenses1 | $16,000 | Expenses1Amt |
| Description2 | CHARITABLE CONTRIBUTION UNIVERSITY PREPARATORY ACADEMY | Description2Txt |
| Expenses2 | $1,800 | Expenses2Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $400,352 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $400,352 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $400,352 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $6,005 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $394,347 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $19,717 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $19,717 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $2,305 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $2,305 | TotalTaxAmt |
| Distributable Before Adj | $17,412 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $17,412 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $17,412 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $17,800 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $17,800 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $17,412 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr3 | $8,104 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $11,101 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $446 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $19,651 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $17,800 | QualifyingDistributionsAmt |
| Applied To Current Year | $17,412 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $388 | RemainingDistriFromCorpusAmt |
| Total Corpus | $20,039 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $20,039 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $8,104 | ExcessFromYear3Amt |
| Excess From Year2 | $11,101 | ExcessFromYear2Amt |
| Excess From Year1 | $446 | ExcessFromYear1Amt |
| Excess From Current Year | $388 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManagerNm |
| Shareholder Manager | NA | ShareholderManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | XIN-NING SONG | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2522 BATON ROUGE | AddressLine1Txt |
| City | SAN JOSE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95133 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 4084317688 | RecipientPhoneNum |
| Recipient Email Address | XINITAGMAIL.COM | RecipientEmailAddressTxt |
| Form And Info And Materials | NONE AT PRESENT | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NONE AT PRESENT | SubmissionDeadlinesTxt |
| Restrictions On Awards | NONE AT PRESENT | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| SHIBO SONG | |||||||
| 1036 CAMEO COURT | ATWATER | CA | 95301 | NONE | I | EDUCATION | $5,000 |
| SHILONG SONG | |||||||
| 1036 CAMEO COURT | ATWATER | CA | 95301 | NONE | I | EDUCATION | $5,000 |
| SHIPING SONG | |||||||
| 1036 CAMEO COURT | ATWATER | CA | 95301 | NONE | I | EDUCATION | $5,000 |
| UNIVERSITY PREP ACADEMY | |||||||
| 2315 CANOAS GARDEN AVE | SAN JOSE | CA | 95125 | NONE | NC | EDUCATION | $300 |
| UNIVERSITY PREP ACADEMY | |||||||
| 2315 CANOAS GARDEN AVE | SAN JOSE | CA | 95125 | NONE | NC | EDUCATION | $500 |
| UNIVERSITY PREP ACADEMY | |||||||
| 2315 CANOAS GARDEN AVE | SAN JOSE | CA | 95125 | NONE | NC | EDUCATION | $1,000 |
| MANXUAN ZHANG | |||||||
| 250 DEL AVENUE | MOUNTAIN VIEW | CA | 94040 | NONE | I | EDUCATION | $1,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $17,800 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $5 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 14 | ExclusionCd |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $18,233 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 14 | ExclusionCd |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $147,568 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
Gross Profit Loss Sls Of Invntry GrossProfitLossSlsOfInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$16,023 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 06 | ExclusionCd |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $149,783 | UnrelatedBusinessTaxblIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $149,783 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (7 entries)
| Line NumberLineNumberTxt | Relationship StatementRelationshipStatementTxt |
|---|---|
| 1 | THE MISSION OF THE FOUNDATION IS TO PROVIDE EDUCATIONAL RESOURCES TO ACADEMIC |
| 2 | INSTITUTIONS. IN FISCAL YEAR 2024, RESOURCES WERE FOCUSED ON SHOLARSHIP AWARDS |
| 3 | TO ACADEMICALLY EXCEL STUDENTS. TOTAL SCHOLARSHIP AMOUNT AWARDED IN FY 2024 WERE 17800. |
| 4 | THE FOUNDATION DISTRIBUTES EDUCATIONAL SOFTWARES AT AFFORDABLE PRICE TO ALL |
| 5 | INTERESTED STUDENTS, INCLUDING LESS PRIVILEGED ONES. FOR STUDENTS WHO COULD NOT |
| 6 | AFFORD, THE FOUNDATION HAS PROVIDED THE LEARNING SOFTWARE AT BELOW COST OR FREE. |
| 7 | THE FOUNDATION ALSO PROVIDES FREE TUTORING SERVICES TO STUDENTS. |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | TAX PREPARATION | CategoryTxt |
| Amt | $480 | Amt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (3 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt |
|---|---|---|---|---|---|
| LAPTOP | 2025-04-08 | $1,881 | 200DB | 0000000005.000000000000 | $1,279 |
| COMPUTER MEMORY | 2025-04-08 | $1,490 | 200DB | 0000000005.000000000000 | $1,013 |
| ASUS COMPUTER | 2025-09-15 | $619 | 200DB | 0000000005.000000000000 | $421 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| LAPTOP | $1,881 | $1,279 | $602 | $602 |
| COMPUTER MEMORY | $1,490 | $1,013 | $477 | $477 |
| ASUS COMPUTER | $619 | $421 | $198 | $198 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ADJUSTMENT | Desc |
| Amt | $491 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt |
|---|---|
| FILING FEE WITH CA SOS | $20 |
| GIFTS TO VOLUNTEERS | $1,050 |
| POSTAGE | $43 |
| YOUTUBE PREMIUM SUBSCRIPTION | $276 |
| OFFICE EXP | $39 |
| BOARD MEETING MEALS | $249 |
| PHONE AND INTERNET | $1,227 |
| INVESTMENT EXPENSES | $114 |
Sales Of Inventory List SalesOfInventoryList
Inventory Sale InventorySaleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | EDUCATION SOFTWARES | CategoryTxt |
| Gross Sales | $15,186 | GrossSalesAmt |
| Cost Of Goods Sold | $31,209 | CostOfGoodsSoldAmt |
| Net | -$16,023 | NetAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL TAX | CategoryTxt |
| Amt | $2,100 | Amt |
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