STRATEGY STUDIO / PUBLIC DATA EXPLORER

JINSHAN LI AND CECILIA ZHAO FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
JINSHAN LI AND CECILIA ZHAO FOUNDATION (EIN 20-1332295)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-05-06
IRS object ID
202241269349101919
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 ReturnHeader

FieldValueIRS element (for citing)
Return2022-05-06T14:40:57-07:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN263000418PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ABEST TAX SERVICES INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11621A S MAIN STAddressLine1Txt
CityMILPITASCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95035ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN201332295EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JINSHAN LI AND CECILIA ZHAO FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlJINSBusinessNameControlTxt
Phone4082239262PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line16065 WHITEHAVEN CTAddressLine1Txt
CitySAN JOSECityNm
State AbbreviationCAStateAbbreviationCd
ZIP95138ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJINSHAN LIPersonNm
Person TitlePresidentPersonTitleTxt
Signature2022-05-06SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJINSHANPersonFirstNm
Person LastLIPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSHUANG MAOPreparerPersonNm
PTINP00660082PTIN
Phone4083929977PhoneNum

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)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,420,795FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$245,882InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$245,882InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$245,882InterestOnSavingsAdjNetIncmAmt
Total Rev And Expnss$245,882TotalRevAndExpnssAmt
Total Net Invst Incm$245,882TotalNetInvstIncmAmt
Total Adj Net Incm$245,882TotalAdjNetIncmAmt
Taxes Rev And Expnss$28,539TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$28,539TaxesDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss$12,698TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$12,698TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$28,184OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$28,184OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$69,421TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$69,421TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$2,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$2,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$71,921TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$71,921TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$173,961ExcessRevenueOverExpensesAmt
Net Investment Income$245,882NetInvestmentIncomeAmt
Adjusted Net Income$245,882AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$2,333,952CashBOYAmt
Cash EOY$2,409,913CashEOYAmt
Cash EOYFMV$2,409,913CashEOYFMVAmt
Corporate Stock BOY$6,177CorporateStockBOYAmt
Corporate Stock EOY$6,177CorporateStockEOYAmt
Corporate Stock EOYFMV$9,782CorporateStockEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$39,157LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$39,157LandBldgEquipAccumDeprecAmt
Land EOYFMV$1,100LandEOYFMVAmt
Total Assets BOY$2,340,129TotalAssetsBOYAmt
Total Assets EOY$2,416,090TotalAssetsEOYAmt
Total Assets EOYFMV$2,420,795TotalAssetsEOYFMVAmt
Accounts Payable BOY$5,775AccountsPayableBOYAmt
Accounts Payable EOY$5,775AccountsPayableEOYAmt
Mortgages And Notes Payable BOY$98,000MortgagesAndNotesPayableBOYAmt
Total Liabilities BOY$103,775TotalLiabilitiesBOYAmt
Total Liabilities EOY$5,775TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$2,236,354RetainedEarningBOYAmt
Retained Earning EOY$2,410,315RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$2,236,354TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,410,315TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,340,129TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,416,090TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,236,354TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$173,961ExcessRevenueOverExpensesAmt
Subtotal$2,410,315SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,410,315TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$3,418InvestmentIncomeExciseTaxAmt
Subtotal$3,418SubtotalAmt
Tax Based On Investment Income$3,418TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$85EsPenaltyAmt
Tax Due$3,503TaxDueAmt
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 SatisfiedfalseSection508eRqrSatisfiedInd
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 Line1JINSHAN LIBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4082239262PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line16065 WHITEHAVEN CTAddressLine1Txt
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
JINSHAN LI
6065 WHITEHAVEN CTSAN JOSECA95138President10.00$0
CECILIA X ZHAO
6065 WHITEHAVEN CTSAN JOSECA95138Secretary10.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$9,673AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$2,462,211AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,471,884TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$2,471,884AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$37,078CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,434,806NetVlNoncharitableAssetsAmt
Minimum Investment Return$121,740MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$121,740MinimumInvestmentReturnAmt
Tax Based On Investment Income$3,418TaxBasedOnInvestmentIncomeAmt
Total Tax$3,418TotalTaxAmt
Distributable Before Adj$118,322DistributableBeforeAdjAmt
Distributable Before Ded$118,322DistributableBeforeDedAmt
Distributable As Adjusted$118,322DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$71,921ExpensesAndContributionsAmt
Qualifying Distributions$71,921QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$118,322DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$8,384ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$9,639ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$7,898ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$11,201ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$37,122TotalExcessDistributionCyovAmt
Qualifying Distributions$71,921QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$71,921AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$37,122ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$37,122ExcessDistributionCyovAppCYAmt
Undistributed Income CY$9,279UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJINSHAN LIContributingManagerNm
Contributing ManagerCECILIA X ZHAOContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonSTANFORD FUNDRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1326 GALVEZ STREETAddressLine1Txt
CitySTANFORDCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94305ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipDONATIONRecipientRelationshipTxt
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeFOR SUPPORT AND ENHANCE THE UNDERGRADUATE EXPERIENCE OF ALL STANFORD STUDENTS, INCLUDING THEIR OWN.GrantOrContributionPurposeTxt
Amt$2,500Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$2,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$245,882RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescOther IncomeDesc
Business900099BusinessCd

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$245,882RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$245,882TotalIncomeProducingActyAmt

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

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockE*TRADEStockNm
EOY Book Value$6,177EOYBookValueAmt
EOYFMV$9,782EOYFMVAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (2 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtEOYFMVEOYFMVAmt
Auto./Transportation Equip.$36,314$36,314$1,000
Machinery and Equipment$2,843$2,843$100

Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch

Note Payable NotePayableGrp

Lender Name LenderNameGrp

FieldValueIRS element (for citing)
PersonJIGANG SHIPersonNm
FieldValueIRS element (for citing)
Insider RelationshipFOUNDER'S FRIENDInsiderRelationshipTxt
Loan Original$98,000LoanOriginalAmt
Note2020-04NoteDt
Loan PurposeTO PAY OFF SHANGHAI HSBC MORTGLoanPurposeTxt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Accounting Fees$3,392$3,392
Bank Service Charge$127$127
Interest expense - Investment$23,520$23,520
Notary Fee$995$995
Office Expenses$150$150

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryIncome Tax - IRSCategoryTxt
Amt$28,539Amt
Disbursements Charitable Prps$28,539DisbursementsCharitablePrpsAmt