STRATEGY STUDIO / PUBLIC DATA EXPLORER

JF WANG FAMILY FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
JF WANG FAMILY FOUNDATION (EIN 83-1794166)
Tax period
2020-08-01 to 2021-07-31
Filed
2021-12-10
IRS object ID
202123449349101202
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 ReturnHeader

FieldValueIRS element (for citing)
Return2021-12-10T10:57:52-08:00ReturnTs
Tax Period End2021-07-31TaxPeriodEndDt

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 Begin2020-08-01TaxPeriodBeginDt

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
Signature2021-12-10SignatureDt
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

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)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$156,532FMVAssetsEOYAmt
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$1,362DividendsRevAndExpnssAmt
Dividends Net Invst Incm$1,362DividendsNetInvstIncmAmt
Dividends Adj Net Incm$1,362DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$869NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$5,588GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$869CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$227NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$2,231TotalRevAndExpnssAmt
Total Net Invst Incm$2,231TotalNetInvstIncmAmt
Total Adj Net Incm$1,589TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$985AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$985AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$147TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$10TaxesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$1,132TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$995TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$4,493ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$4,493ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$5,625TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$5,488TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$3,394ExcessRevenueOverExpensesAmt
Net Investment Income$2,231NetInvestmentIncomeAmt
Adjusted Net Income$1,589AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$5,124CashBOYAmt
Cash EOY$3,541CashEOYAmt
Cash EOYFMV$3,541CashEOYFMVAmt
Corporate Stock BOY$58,864CorporateStockBOYAmt
Corporate Stock EOY$57,055CorporateStockEOYAmt
Corporate Stock EOYFMV$152,991CorporateStockEOYFMVAmt
Other Assets BOY$2OtherAssetsBOYAmt
Total Assets BOY$63,990TotalAssetsBOYAmt
Total Assets EOY$60,596TotalAssetsEOYAmt
Total Assets EOYFMV$156,532TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$45,376CapitalStockBOYAmt
Capital Stock EOY$45,376CapitalStockEOYAmt
Retained Earning BOY$18,614RetainedEarningBOYAmt
Retained Earning EOY$15,220RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$63,990TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$60,596TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$63,990TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$60,596TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$63,990TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$3,394ExcessRevenueOverExpensesAmt
Subtotal$60,596SubtotalAmt
Tot Net Ast Or Fund Balances EOY$60,596TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
VARIOUS PER CS # 3338-6715P2020-01-012020-12-31$1,149$922$227$227
VARIOUS PER CS # 3338-6715P2019-01-012020-12-31$2,188$1,696$492$492
VARIOUS PER CS # 3338-6715P2019-01-012020-12-31$560$424$136$136
VARIOUS PER CS # 3338-6715P2019-01-012020-12-31$1,691$1,677$14$14
FieldValueIRS element (for citing)
Capital Gain Net Income$869CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$227NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$31InvestmentIncomeExciseTaxAmt
Subtotal$31SubtotalAmt
Tax Based On Investment Income$31TaxBasedOnInvestmentIncomeAmt
Tax Due$31TaxDueAmt

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

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$142,162AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$4,317AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$146,479TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$146,479AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,197CashDeemedCharitableAmt
Net Vl Noncharitable Assets$144,282NetVlNoncharitableAssetsAmt
Minimum Investment Return$7,214MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$7,214MinimumInvestmentReturnAmt
Tax Based On Investment Income$31TaxBasedOnInvestmentIncomeAmt
Total Tax$31TotalTaxAmt
Distributable Before Adj$7,183DistributableBeforeAdjAmt
Distributable Before Ded$7,183DistributableBeforeDedAmt
Distributable As Adjusted$7,183DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$5,488ExpensesAndContributionsAmt
Qualifying Distributions$5,488QualifyingDistributionsAmt
Adjusted Qualifying Distri$5,488AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$7,183DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$2,822ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$2,822TotalExcessDistributionCyovAmt
Qualifying Distributions$5,488QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$5,488AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$1,695ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$1,695ExcessDistributionCyovAppCYAmt
Total Corpus$1,127TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$1,127ExcessDistriCyovToNextYrAmt
Excess From Year2$1,127ExcessFromYear2Amt

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 (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Tsinghua Education Foundation North
2735 Sand Hill Road Suite 110Menlo ParkCA94025CHARITABLCharitable Contribution$1,000
A Sharp Chorus
5212 Silver Acres CtSAN JOSECA95138CHARITABLE DONATION$793
The University of Akron Foundation
Buchtel HallAkronOH44304CHARITABLE DONATION$150
Princeton University
1 Nassau HallPrincetonNJ08544CHARITABLE DONATION$2,500
California Police Youth Charities
1129 FIREHOUSE ALLEYSACRAMENTOCA95814CHARITABLE DONATION$50
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$4,493TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1,362RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$869RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$2,231RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$2,231TotalIncomeProducingActyAmt

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 RETURN FILINGCategoryTxt
Amt$985Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$985DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FTB$10$10
IRS$137