GRACE OF LORD FUND TRUST: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: GRACE OF LORD FUND TRUST (EIN 33-0705385)
Tax period: 2021-04-01 to 2022-03-31
Filed: 2022-08-10
IRS object ID: 202232229349100813
Schema version: 2021v4.0
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
Form 990-PF
Accounting Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-08-10T11:29:00-05:00	ReturnTs
Tax Period End	2022-03-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	330444533	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	HOU J YEN CPA A PROFESSIONAL CORP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	1460 STARBUCK ST	AddressLine1Txt
City	FULLERTON	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	928335670	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2021-04-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	330705385	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE GRACE OF LORD FUND TRUST	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	GRAC	BusinessNameControlTxt
Phone	7148791898	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	13341 SILVERBERRY CIRCLE	AddressLine1Txt
City	CERRITOS	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	90703	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	PERSIS LAU	PersonNm
Person Title	TRUSTEE	PersonTitleTxt
Phone	5628606000	PhoneNum
Signature	2022-08-10	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	PERSIS	PersonFirstNm
Person Last	LAU	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	HOU J YEN	PreparerPersonNm
PTIN	P00133138	PTIN
Phone	7148791898	PhoneNum
Preparation	2022-08-10	PreparationDt

Field	Value	IRS element (for citing)
Tax	2021	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$329,572	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$36,300	ContriRcvdRevAndExpnssAmt
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss	$6,753	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$6,753	InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm	$6,753	InterestOnSavingsAdjNetIncmAmt
Total Rev And Expnss	$43,053	TotalRevAndExpnssAmt
Total Net Invst Incm	$6,753	TotalNetInvstIncmAmt
Total Adj Net Incm	$6,753	TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss	$950	AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss	$109	TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$1,059	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$22,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$22,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$23,059	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$22,000	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$19,994	ExcessRevenueOverExpensesAmt
Net Investment Income	$6,753	NetInvestmentIncomeAmt
Adjusted Net Income	$6,753	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$6,091	CashBOYAmt
Cash EOY	$19,342	CashEOYAmt
Cash EOYFMV	$19,342	CashEOYFMVAmt
Sav And Temp Cash Invst BOY	$303,487	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$310,230	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$310,230	SavAndTempCashInvstEOYFMVAmt
Total Assets BOY	$309,578	TotalAssetsBOYAmt
Total Assets EOY	$329,572	TotalAssetsEOYAmt
Total Assets EOYFMV	$329,572	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Retained Earning BOY	$309,578	RetainedEarningBOYAmt
Retained Earning EOY	$329,572	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$309,578	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$329,572	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$309,578	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$329,572	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$309,578	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$19,994	ExcessRevenueOverExpensesAmt
Subtotal	$329,572	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$329,572	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$94	InvestmentIncomeExciseTaxAmt
Subtotal	$94	SubtotalAmt
Tax Based On Investment Income	$94	TaxBasedOnInvestmentIncomeAmt
Tax Due	$94	TaxDueAmt

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	Yes (true)	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

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	HOU J YEN CPA	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	7148791898	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 2006	AddressLine1Txt
City	FULLERTON	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	928370006	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
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	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
DANNY LAU
13341 SILVERBERRY CIRCLE	CERRITOS	CA	90703	TRUSTEE	000.00	$0	$0	$0
PERSIS LAU
13341 SILVERBERRY CIRCLE	CERRITOS	CA	90703	TRUSTEE	000.00	$0	$0	$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	SPONSOR SEMINARY STUDENTS;PLACE NOTICE ON A CHURCH BULLETIN TO SOLICIT DONATION AND MAKE KNOWN THE PURPOSE OF THIS TRUST; VISIT THE STUDENTS AT THE SEMINARY TO INFORM THE TRUST'S PURPOSE.	Description1Txt
Expenses1	$22,000	Expenses1Amt

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	$326,072	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$326,072	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$326,072	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$4,891	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$321,181	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$16,059	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$16,059	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$94	TaxBasedOnInvestmentIncomeAmt
Total Tax	$94	TotalTaxAmt
Distributable Before Adj	$15,965	DistributableBeforeAdjAmt
Distributable Before Ded	$15,965	DistributableBeforeDedAmt
Distributable As Adjusted	$15,965	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$22,000	ExpensesAndContributionsAmt
Qualifying Distributions	$22,000	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$15,965	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5	$28,905	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$57,624	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$25,222	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$13,974	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$7,828	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$133,553	TotalExcessDistributionCyovAmt
Qualifying Distributions	$22,000	QualifyingDistributionsAmt
Applied To Current Year	$15,965	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$6,035	RemainingDistriFromCorpusAmt
Total Corpus	$139,588	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$28,905	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$110,683	ExcessDistriCyovToNextYrAmt
Excess From Year4	$57,624	ExcessFromYear4Amt
Excess From Year3	$25,222	ExcessFromYear3Amt
Excess From Year2	$13,974	ExcessFromYear2Amt
Excess From Year1	$7,828	ExcessFromYear1Amt
Excess From Current Year	$6,035	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	HOU J YEN	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 2006	AddressLine1Txt
City	FULLERTON	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	928370006	ZIPCd

Field	Value	IRS element (for citing)
Recipient Phone	7148791898	RecipientPhoneNum
Form And Info And Materials	RESUME & BUDGET FOR NEED	FormAndInfoAndMaterialsTxt
Submission Deadlines	NONE	SubmissionDeadlinesTxt
Restrictions On Awards	NONE	RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
KUM CHEUN NGAI
11215 LUCAS ST	CERRITOS	CA	90703	NONE	SUPPORT FOR HIS CHINESE MINISTRY	$10,000
WEI SZU
286 BEAVER CT 309	POMONA	CA	91766	NONE	SUPPORT FOR CHINA MINISTRY	$3,000
JOHN LIU
5251 BRIDGE WOOD DRIVE	LA PALMA	CA	90623	NONE	SUPPORT FOR CHINA MISSION	$5,400
CAMPUS CRUSADE FOR CHRIST
PO BOX 628222	ORLANDO	FL	328628222	NONE	SUPPORT FOR PHILIP VOON'S MINISTRY	$1,200
THE SILOAM CENTER
PO BOX 2751	TEMECULA	CA	92593	NONE	MINISTRY SUPPORT	$2,400

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$22,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$6,753	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$6,753	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$6,753	TotalIncomeProducingActyAmt

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	INDIRECT ACCOUNTING FEES	CategoryTxt
Amt	$950	Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxt	AmtAmt
FEDERAL EXCISE TAX	$109
FRANCHISE TAX BOARD