STRATEGY STUDIO / PUBLIC DATA EXPLORER

MYC FOUNDATION: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
MYC FOUNDATION (EIN 27-4201906)
Tax period
2016-12-01 to 2017-11-30
Filed
2018-04-09
IRS object ID
201820999349100752
Schema version
2016v3.0
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)
Return2018-04-09T09:04:26-07:00ReturnTs
Tax Period End2017-11-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Eric Zhang & Associates LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1920 Hillview Court 180AddressLine1Txt
CityMilpitasCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95035ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-12-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN274201906EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MYC FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMYCFBusinessNameControlTxt
Phone4086676735PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11753 LUCCA PLAddressLine1Txt
CitySAN JOSECityNm
State AbbreviationCAStateAbbreviationCd
ZIP95138ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSHUNBO MOUPersonNm
Person TitleCEOPersonTitleTxt
Signature2018-04-09SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonERIC ZHANG CPAPreparerPersonNm
PTINP00548506PTIN
Phone4084358828PhoneNum
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$174,821FMVAssetsEOYAmt
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$9,243InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$9,243InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$14DividendsRevAndExpnssAmt
Dividends Net Invst Incm$14DividendsNetInvstIncmAmt
Total Rev And Expnss$9,257TotalRevAndExpnssAmt
Total Net Invst Incm$9,257TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,215AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$1,215AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$210TaxesRevAndExpnssAmt
Taxes Net Invst Incm$210TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$60OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$60OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$1,485TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$210TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,275TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,485TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$210TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$1,275TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$7,772ExcessRevenueOverExpensesAmt
Net Investment Income$9,047NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$20,332CashBOYAmt
Cash EOY$28,104CashEOYAmt
Cash EOYFMV$28,104CashEOYFMVAmt
Corporate Stock BOY$108,545CorporateStockBOYAmt
Corporate Stock EOY$108,545CorporateStockEOYAmt
Corporate Stock EOYFMV$9,711CorporateStockEOYFMVAmt
Corporate Bonds BOY$150,000CorporateBondsBOYAmt
Corporate Bonds EOY$150,000CorporateBondsEOYAmt
Corporate Bonds EOYFMV$137,006CorporateBondsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$2,395LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,395LandBldgEquipAccumDeprecAmt
Total Assets BOY$278,877TotalAssetsBOYAmt
Total Assets EOY$286,649TotalAssetsEOYAmt
Total Assets EOYFMV$174,821TotalAssetsEOYFMVAmt
Other Liabilities BOY$6,459OtherLiabilitiesBOYAmt
Other Liabilities EOY$6,459OtherLiabilitiesEOYAmt
Total Liabilities BOY$6,459TotalLiabilitiesBOYAmt
Total Liabilities EOY$6,459TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$25,013CapitalStockBOYAmt
Capital Stock EOY$25,013CapitalStockEOYAmt
Retained Earning BOY$247,405RetainedEarningBOYAmt
Retained Earning EOY$255,177RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$272,418TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$280,190TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$278,877TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$286,649TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$272,418TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$7,772ExcessRevenueOverExpensesAmt
Subtotal$280,190SubtotalAmt
Tot Net Ast Or Fund Balances EOY$280,190TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$6,971AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$190,928NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.03651DistributionYr1Rt
Adjusted Qlfy Distri Yr2$11,030AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$200,975NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.05488DistributionYr2Rt
Adjusted Qlfy Distri Yr3$12,244AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$222,788NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.05496DistributionYr3Rt
Adjusted Qlfy Distri Yr4$7,488AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$263,186NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.02845DistributionYr4Rt
Adjusted Qlfy Distri Yr5$3,585AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$249,128NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.01439DistributionYr5Rt
Total Distribution0.189192TotalDistributionRt
Average Distribution0.037838AverageDistributionRt
Net Vl Noncharitable Assets$173,918NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$6,581AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$90NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$6,671AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$1,275QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$181InvestmentIncomeExciseTaxAmt
Subtotal$181SubtotalAmt
Tax Based On Investment Income$181TaxBasedOnInvestmentIncomeAmt
Tax Due$181TaxDueAmt

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
Form990 T FiledfalseForm990TFiledInd
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 Line1SHUNBO MOUBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4086676735PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11753 LUCCA PLAddressLine1Txt
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
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd

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
SHUNBO MOU
1753 LUCCA PLSAN JOSECA95138CEO4.00$0
GUIFANG CHEN
1753 LUCCA PLSAN JOSECA95138CFO4.00$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$152,128AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$24,438AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$176,566TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$176,566AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,648CashDeemedCharitableAmt
Net Vl Noncharitable Assets$173,918NetVlNoncharitableAssetsAmt
Minimum Investment Return$8,696MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$8,696MinimumInvestmentReturnAmt
Tax Based On Investment Income$181TaxBasedOnInvestmentIncomeAmt
Total Tax$181TotalTaxAmt
Distributable Before Adj$8,515DistributableBeforeAdjAmt
Distributable Before Ded$8,515DistributableBeforeDedAmt
Distributable As Adjusted$8,515DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,275ExpensesAndContributionsAmt
Qualifying Distributions$1,275QualifyingDistributionsAmt
Adjusted Qualifying Distri$1,275AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$8,515DistributableAsAdjustedAmt
Undistributed Income PY$2,515UndistributedIncomePYAmt
Qualifying Distributions$1,275QualifyingDistributionsAmt
Applied To Year1$1,275AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Taxable2$1,240Taxable2Amt
Undistributed Income CY$8,515UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerSHUNBO MOUContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$9,243ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$14ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$9,257ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$9,257TotalIncomeProducingActyAmt

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)
CategoryACCOUNTING FEECategoryTxt
Amt$1,215Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,215DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
500 SHARES OF SRTY$32,078$4,017
500 SHARES OF QQQQ$52,678$2,744
250 SHARES OF SPXU$23,789$2,950

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemMachinery and EquipmentCategoryOrItemTxt
Cost Or Other Basis$2,395CostOrOtherBasisAmt
Accumulated Depreciation$2,395AccumulatedDepreciationAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescFILING FEEDesc
Revenue And Expenses Per Books$60RevenueAndExpensesPerBooksAmt
Disbursements Charitable Prps$60DisbursementsCharitablePrpsAmt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescADV FROM FOUNDERDesc
BOY Book Value$6,459BOYBookValueAmt
EOY Book Value$6,459EOYBookValueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryINCOME TAX PAYMENTCategoryTxt
Amt$210Amt
Net Investment Income$210NetInvestmentIncomeAmt