STRATEGY STUDIO / PUBLIC DATA EXPLORER

JF WANG FAMILY FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
JF WANG FAMILY FOUNDATION (EIN 83-1794166)
Tax period
2022-08-01 to 2023-07-31
Filed
2023-12-14
IRS object ID
202313489349100611
Schema version
2022v5.0
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)
Return2023-12-14T11:33:34-08:00ReturnTs
Tax Period End2023-07-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN830651827PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Natalie GroupBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12025 Gateway Place 110AddressLine1Txt
CitySan JoseCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95110ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-08-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN831794166EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JF WANG FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlJFWABusinessNameControlTxt
Phone4086236999PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15686 Country Club ParkwayAddressLine1Txt
CitySan JoseCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95138ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonFang WangPersonNm
Person TitleCEOPersonTitleTxt
Signature2023-12-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstFangPersonFirstNm
Person LastWangPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonWEI QIUPreparerPersonNm
PTINP01592990PTIN
Phone4086276289PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$131,730FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$1,139DividendsRevAndExpnssAmt
Dividends Net Invst Incm$1,139DividendsNetInvstIncmAmt
Dividends Adj Net Incm$1,139DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$937NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$5,675GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$937CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$937NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$2,076TotalRevAndExpnssAmt
Total Net Invst Incm$2,076TotalNetInvstIncmAmt
Total Adj Net Incm$2,076TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,095AccountingFeesRevAndExpnssAmt
Accounting Fees Adj Net Incm$1,095AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$1,095AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$24TaxesRevAndExpnssAmt
Taxes Adj Net Incm$24TaxesAdjNetIncmAmt
Other Expenses Rev And Expnss$25OtherExpensesRevAndExpnssAmt
Other Expenses Adj Net Incm$25OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl$25OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$1,144TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$1,144TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,120TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$3,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$3,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$4,644TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$1,144TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$4,620TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$2,568ExcessRevenueOverExpensesAmt
Net Investment Income$2,076NetInvestmentIncomeAmt
Adjusted Net Income$932AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,075CashBOYAmt
Cash EOY$3,245CashEOYAmt
Cash EOYFMV$3,245CashEOYFMVAmt
Corporate Stock BOY$54,868CorporateStockBOYAmt
Corporate Stock EOY$50,130CorporateStockEOYAmt
Corporate Stock EOYFMV$128,485CorporateStockEOYFMVAmt
Total Assets BOY$55,943TotalAssetsBOYAmt
Total Assets EOY$53,375TotalAssetsEOYAmt
Total Assets EOYFMV$131,730TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$45,376CapitalStockBOYAmt
Capital Stock EOY$45,376CapitalStockEOYAmt
Retained Earning BOY$10,567RetainedEarningBOYAmt
Retained Earning EOY$7,999RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$55,943TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$53,375TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$55,943TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$53,375TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$55,943TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$2,568ExcessRevenueOverExpensesAmt
Subtotal$53,375SubtotalAmt
Tot Net Ast Or Fund Balances EOY$53,375TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyVerious PER Charles Schwab #3338-6715PropertyDesc
How AcquiredPHowAcquiredCd
Acquired2022-08-01AcquiredDt
Sold2022-10-31SoldDt
Gross Sales Price$5,675GrossSalesPriceAmt
Cost Or Other Basis$4,738CostOrOtherBasisAmt
Gain Or Loss$937GainOrLossAmt
Gains Minus Excess Or Losses$937GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$937CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$937NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$29InvestmentIncomeExciseTaxAmt
Subtotal$29SubtotalAmt
Tax Based On Investment Income$29TaxBasedOnInvestmentIncomeAmt
Tax Due$29TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

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
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
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 Line1Fang WangBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4086236999PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line15686 Country Club ParkwayAddressLine1Txt
CitySan JoseCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95138ZIPCd
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
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Fang Wang
5686 Country Club ParkwaySan JoseCA95138CEO8.00$0
Jie Wang
5686 Country Club ParkwaySan JoseCA95138CFO0.00$0
Andrew Wang
5686 Country Club ParkwaySan JoseCA95138Secretary0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1This is a non-operationg foundation, but the foundation is dedicating to support the local eucation organizations. The foundation donated cash funds to various charitable organizations to support for the educational purposes.Description1Txt
Expenses1$0Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$111,074AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$3,402AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$114,476TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$114,476AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,717CashDeemedCharitableAmt
Net Vl Noncharitable Assets$112,759NetVlNoncharitableAssetsAmt
Minimum Investment Return$5,638MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$5,638MinimumInvestmentReturnAmt
Tax Based On Investment Income$29TaxBasedOnInvestmentIncomeAmt
Total Tax$29TotalTaxAmt
Distributable Before Adj$5,609DistributableBeforeAdjAmt
Distributable Before Ded$5,609DistributableBeforeDedAmt
Distributable As Adjusted$5,609DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$4,620ExpensesAndContributionsAmt
Qualifying Distributions$4,620QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$5,609DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$256ExcessDistributionCyovYr4Amt
Total Excess Distribution Cyov$256TotalExcessDistributionCyovAmt
Qualifying Distributions$4,620QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$4,620AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$256ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$256ExcessDistributionCyovAppCYAmt
Undistributed Income CY$733UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerFang WangContributingManagerNm
Contributing ManagerJie WangContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Princeton University
1 Nassau HallPrincetonNJ08544PCCHARITABLE DONATION$2,500
The Illini 4000
PO Box 2431ChampaignIL61825PCCHARITABLE DONATION$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$3,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1,139RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$937RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$2,076RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$2,076TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line Number13LineNumberTxt
Relationship StatementProviding funds for accomplishment of foundation's exempt purposes.RelationshipStatementTxt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTax PrepareCategoryTxt
Amt$1,095Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$1,095AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,095DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescDept. of JusticeDesc
Revenue And Expenses Per Books$25RevenueAndExpensesPerBooksAmt
Adjusted Net Income$25AdjustedNetIncomeAmt
Disbursements Charitable Prps$25DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryIRSCategoryTxt
Amt$24Amt
Adjusted Net Income$24AdjustedNetIncomeAmt