CABT FAMILY FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: CABT FAMILY FOUNDATION (EIN 47-4196894)
Tax period: 2020-01-01 to 2020-12-31
Filed: 2021-07-30
IRS object ID: 202112119349100621
Schema version: 2020v4.0
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
Depreciation Schedule
Investments Corp Bonds Schedule
Investments Corp Stock Schedule
Land Etc Schedule2
Other Assets Schedule
Other Expenses Schedule
Other Income Schedule2
Other Liabilities Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2021-07-30T15:52:16-07:00	ReturnTs
Tax Period End	2020-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	263000418	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	ABEST TAX SERVICES INC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	1621A S MAIN ST	AddressLine1Txt
City	MILPITAS	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	95035	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2020-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	474196894	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CABT FAMILY FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	CABT	BusinessNameControlTxt
Phone	4086678878	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	6087 GOLDEN VISTA DRIVE	AddressLine1Txt
City	SAN JOSE	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	95123	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	CHAOMING J TSENG	PersonNm
Person Title	President & CEO	PersonTitleTxt
Signature	2021-07-30	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	CHAOMING J	PersonFirstNm
Person Last	TSENG	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	SHUANG MAO	PreparerPersonNm
PTIN	P00660082	PTIN
Phone	4083929977	PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd
Federated Assurance Level	FAL1	FederatedAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2020	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	$377,740	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Dividends Rev And Expnss	$4,623	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$4,623	DividendsNetInvstIncmAmt
Dividends Adj Net Incm	$4,623	DividendsAdjNetIncmAmt
Other Income Rev And Expnss	$429	OtherIncomeRevAndExpnssAmt
Total Rev And Expnss	$5,052	TotalRevAndExpnssAmt
Total Net Invst Incm	$4,623	TotalNetInvstIncmAmt
Total Adj Net Incm	$4,623	TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss	$1,711	AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps	$1,711	AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss	$97	TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl	$97	TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss	$143	DeprecAndDpltnRevAndExpnssAmt
Other Expenses Rev And Expnss	$1,019	OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl	$1,019	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$2,970	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$2,827	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$17,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$17,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$19,970	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$19,827	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$14,918	ExcessRevenueOverExpensesAmt
Net Investment Income	$4,623	NetInvestmentIncomeAmt
Adjusted Net Income	$4,623	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$45,314	CashBOYAmt
Cash EOY	$57,420	CashEOYAmt
Cash EOYFMV	$57,420	CashEOYFMVAmt
Corporate Stock BOY	$262,970	CorporateStockBOYAmt
Corporate Stock EOY	$262,970	CorporateStockEOYAmt
Corporate Stock EOYFMV	$262,970	CorporateStockEOYFMVAmt
Corporate Bonds BOY	$70,000	CorporateBondsBOYAmt
Corporate Bonds EOY	$40,000	CorporateBondsEOYAmt
Corporate Bonds EOYFMV	$39,300	CorporateBondsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss	$4,026	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$3,953	LandBldgEquipAccumDeprecAmt
Land BOY	$216	LandBOYAmt
Land EOY	$73	LandEOYAmt
Land EOYFMV	$50	LandEOYFMVAmt
Other Assets BOY	$18,000	OtherAssetsBOYAmt
Other Assets EOY	$18,000	OtherAssetsEOYAmt
Other Assets EOYFMV	$18,000	OtherAssetsEOYFMVAmt
Total Assets BOY	$396,500	TotalAssetsBOYAmt
Total Assets EOY	$378,463	TotalAssetsEOYAmt
Total Assets EOYFMV	$377,740	TotalAssetsEOYFMVAmt
Other Liabilities BOY	$3,271	OtherLiabilitiesBOYAmt
Other Liabilities EOY	$152	OtherLiabilitiesEOYAmt
Total Liabilities BOY	$3,271	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$152	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Retained Earning BOY	$393,229	RetainedEarningBOYAmt
Retained Earning EOY	$378,311	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$393,229	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$378,311	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$396,500	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$378,463	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$393,229	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$14,918	ExcessRevenueOverExpensesAmt
Subtotal	$378,311	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$378,311	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$64	InvestmentIncomeExciseTaxAmt
Subtotal	$64	SubtotalAmt
Tax Based On Investment Income	$64	TaxBasedOnInvestmentIncomeAmt
Tax Due	$64	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	false	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	CA	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
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	CHAOMING J TSENG	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	4086678878	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	6087 GOLDEN VISTA DRIVE	AddressLine1Txt
City	SAN JOSE	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	95123	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
Acts Fail To Qlfy As Exceptions	false	ActsFailToQlfyAsExceptionsInd
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
CHAOMING J TSENG
6087 GOLDEN VISTA DRIVE	SAN JOSE	CA	95123	President & CEO	4.00	$0
ANNA L TSENG
6087 GOLDEN VISTA DRIVE	SAN JOSE	CA	95123	Treasurer	1.00	$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

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$50,259	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$368,495	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$418,754	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast	$418,754	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$6,281	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$412,473	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$20,624	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$20,624	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$64	TaxBasedOnInvestmentIncomeAmt
Total Tax	$64	TotalTaxAmt
Distributable Before Adj	$20,560	DistributableBeforeAdjAmt
Distributable Before Ded	$20,560	DistributableBeforeDedAmt
Distributable As Adjusted	$20,560	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$19,827	ExpensesAndContributionsAmt
Qualifying Distributions	$19,827	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$19,827	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$20,560	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3	$2,384	ExcessDistributionCyovYr3Amt
Total Excess Distribution Cyov	$2,384	TotalExcessDistributionCyovAmt
Qualifying Distributions	$19,827	QualifyingDistributionsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$19,827	AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus	$733	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$733	ExcessDistributionCyovAppCYAmt
Total Corpus	$1,651	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$1,651	ExcessDistriCyovToNextYrAmt
Excess From Year3	$1,651	ExcessFromYear3Amt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	CHAOMING J TSENG	ContributingManagerNm
Contributing Manager	ANNA L TSENG	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
SOAR Foundation
4 Union Square Suite H	Union City	CA	94587	Donation	PC	To providing scholarships so indigent students in China can continue their secondary, vocational and higher education. We were founded in California in 1995.	$12,000
MedShare
701 Penhorn Avenue Unit 3	Secaucus	NJ	07094	Donation	PC	To improve the quality of life of people, communities and our planet by sourcing and directly delivering surplus medical supplies and equipment to communities in need around the world.	$5,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$17,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$4,623	RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp

Field	Value	IRS element (for citing)
Desc	Cash Reward	Desc
Related Or Exempt Function Incm	$429	RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$5,052	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$5,052	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	Accounting Fee	CategoryTxt
Amt	$1,711	Amt
Net Investment Income	$0	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$1,711	DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (2 entries)

PropertyPropertyDesc	AcquiredAcquiredDt	Cost Or Other BasisCostOrOtherBasisAmt	Prior Year DepreciationPriorYearDepreciationAmt	Computation MethodComputationMethodTxt	LifeLifeRt	Current Year ExpenseCurrentYearExpenseAmt	RtRt
CAMERA	2015-11-06	$978	$884	200DB	5.0000	$94
PRINTER	2017-04-29	$422	$300	200DB		$49	0.1152

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

Field	Value	IRS element (for citing)
Bond	Intergral Financial - 88214 Sto	BondNm
EOY Book Value	$40,000	EOYBookValueAmt
EOYFMV	$39,300	EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Field	Value	IRS element (for citing)
Stock	Jackson - 1019391775	StockNm
EOY Book Value	$262,970	EOYBookValueAmt
EOYFMV	$262,970	EOYFMVAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

Field	Value	IRS element (for citing)
Category Or Item	Machinery and Equipment	CategoryOrItemTxt
Cost Or Other Basis	$4,026	CostOrOtherBasisAmt
Accumulated Depreciation	$3,953	AccumulatedDepreciationAmt
Book Value	$73	BookValueAmt
EOYFMV	$50	EOYFMVAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

Field	Value	IRS element (for citing)
Desc	Travel Mileage	Desc
BOY Book Value	$18,000	BOYBookValueAmt
EOY Book Value	$18,000	EOYBookValueAmt
EOYFMV	$18,000	EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Dues and Subscriptions	$95	$95
Filing Fees	$10	$10
Office Supply	$22	$22
Telephone Expense	$892	$892

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Field	Value	IRS element (for citing)
Desc	Cash Reward	Desc
Revenue And Expenses Per Books	$429	RevenueAndExpensesPerBooksAmt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

Field	Value	IRS element (for citing)
Desc	Credit Card	Desc
BOY Book Value	$3,271	BOYBookValueAmt
EOY Book Value	$152	EOYBookValueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	Income Tax - IRS	CategoryTxt
Amt	$97	Amt
Disbursements Charitable Prps	$97	DisbursementsCharitablePrpsAmt