HUANG FAMILY FOUNDATION: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: HUANG FAMILY FOUNDATION (EIN 81-0581448)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-05-05
IRS object ID: 201301259349100300
Schema version: 2012v2.0
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)
Timestamp	2013-05-05T17:34:55-07:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Stephen Wojdowski CPA	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	8885 Rio San Diego Dr 215	AddressLine1
City	San Diego	City
State	CA	State
ZIP Code	92108	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	810581448	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	HUANG FAMILY FOUNDATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	HUAN	NameControl
Phone	6192960150	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	31555 PEPPERTREE BEND	AddressLine1
City	SAN JUAN CAPISTRANO	City
State	CA	State
ZIP Code	92675	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	SL HUANG	Name
Title	President	Title
Date Signed	2013-05-05	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Stephen Wojdowski	Name
PTIN	P00167195	PTIN
Phone	6192960150	Phone
Self Employed	X	SelfEmployed

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	1519313	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Received Rev And Expnss	360000	ContriReceivedRevAndExpnss
Not Required To Attach Schedule B	X	NotRequiredToAttachScheduleB
Interest On Savings Rev And Expnss	3371	InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm	3371	InterestOnSavingsNetInvstIncm
Interest On Savings Adj Net Incm	3371	InterestOnSavingsAdjNetIncm
Total Revenue And Expenses	363371	TotalRevenueAndExpenses
Total Net Investment Income	3371	TotalNetInvestmentIncome
Total Adjusted Net Income	3371	TotalAdjustedNetIncome
Accounting Fees Rev And Expnss	700	AccountingFeesRevAndExpnss
Accounting Fees Adj Net Incm	700	AccountingFeesAdjNetIncm
Taxes Rev And Expnss	85	TaxesRevAndExpnss
Taxes Adj Net Incm	85	TaxesAdjNetIncm
Tot Opr Expenses Rev And Expnss	785	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	0	TotOprExpensesNetInvstIncm
Tot Opr Expenses Adj Net Incm	785	TotOprExpensesAdjNetIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	0	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	350350	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	350350	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	351135	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	0	TotalExpensesNetInvstIncm
Total Expenses Adj Net Incm	785	TotalExpensesAdjNetIncm
Total Expenses Dsbrs Chrtbl Prps	350350	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	12236	ExcessOfRevenueOverExpenses
Net Investment Income	3371	NetInvestmentIncome
Adjusted Net Income	2586	AdjustedNetIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Cash BOY	6057	CashBOY
Cash EOY	44922	CashEOY
Cash EOYFMV	44922	CashEOYFMV
Savings And Temp Cash Invst BOY	1501020	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	1474391	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	1474391	SavingsAndTempCashInvstEOYFMV
Total Assets BOY	1507077	TotalAssetsBOY
Total Assets EOY	1519313	TotalAssetsEOY
Total Assets EOYFMV	1519313	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Retained Earnings BOY	1507077	RetainedEarningsBOY
Retained Earnings EOY	1519313	RetainedEarningsEOY
Total Net Assets BOY	1507077	TotalNetAssetsBOY
Total Net Assets EOY	1519313	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	1507077	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	1519313	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	1507077	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	12236	ExcessOfRevenueOverExpenses
Subtotal	1519313	Subtotal
Total Net Assets Fund Balances EOY	1519313	TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	419159	QualifyingDistributionsYear1
Qualifying Distributions Year2	361136	QualifyingDistributionsYear2
Qualifying Distributions Year3	498487	QualifyingDistributionsYear3
Qualifying Distributions Year4	285614	QualifyingDistributionsYear4
Noncharitable Assets Year4	1566314	NoncharitableAssetsYear4
Distribution Ratio Year4	0.18235	DistributionRatioYear4
Qualifying Distributions Year5	240775	QualifyingDistributionsYear5
Noncharitable Assets Year5	1654208	NoncharitableAssetsYear5
Distribution Ratio Year5	0.14555	DistributionRatioYear5
Total Distribution Ratio	0.32790	TotalDistributionRatio
Average Distribution Ratio	0.06558	AverageDistributionRatio
One Percent Net Investment Income	34	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	34	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	350350	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	X	DomesticOrgMeetingSect4940e
Investment Income Excise Tax	34	InvestmentIncomeExciseTax
Subtotal	34	Subtotal
Tax Based On Investment Income	34	TaxBasedOnInvestmentIncome
Tax Due	34	TaxDue

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
Legislative Political Activities	false	LegislativePoliticalActivities
More Than100 Spent	false	MoreThan100Spent
Form1120 POL Filed	false	Form1120POLFiled
Activities Not Prev Reported	false	ActivitiesNotPrevReported
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylaws
Unrelated Bus Income Over1000	false	UnrelatedBusIncomeOver1000
Form990 T Filed	false	Form990TFiled
Termination Etc	false	TerminationEtc
Requirements Of Sect508e	false	RequirementsOfSect508e
At Least5000 In Assets	true	AtLeast5000InAssets
Form990 PF Filed With AG	true	Form990PFFiledWithAG
Private Operating Foundation	false	PrivateOperatingFoundation
New Substantial Contributors	false	NewSubstantialContributors
Interest In Controlled Entity	false	InterestInControlledEntity
Applicable Insurance Contract	false	ApplicableInsuranceContract
Comply With Public Inspection Rqr	true	ComplyWithPublicInspectionRqr
Website Address	N/A	WebsiteAddress

Books In Care Of Business Name BooksInCareOfBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BETTY HUANG	BusinessNameLine1

Field	Value	IRS element (for citing)
Books In Care Of Phone Number	6192960150	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	4100 ISLAND BLVD	AddressLine1
City	AVENTURA	City
State	FL	State
ZIP Code	33160	ZIPCode

Field	Value	IRS element (for citing)
Foreign Bank	false	ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

Field	Value	IRS element (for citing)
Sale Or Exchange With Dsqfly Person	false	SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person	false	BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person	false	FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person	false	PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person	false	TransferAssetsToDsqflyPerson
Payment To Government Offical	false	PaymentToGovernmentOffical
Acts Fail To Qualify As Exceptions	false	ActsFailToQualifyAsExceptions
Uncorrected Prior Acts	false	UncorrectedPriorActs
Undistributed Income Prior Years	false	UndistributedIncomePriorYears
Undistr Income4942a2 Not Applied	false	UndistrIncome4942a2NotApplied
Business Holdings	false	BusinessHoldings
Excess Business Holdings	false	ExcessBusinessHoldings
Jeopardy Investments	false	JeopardyInvestments
Uncorrected Jeopardy Investments	false	UncorrectedJeopardyInvestments
Influence Legislation	false	InfluenceLegislation
Influence Election	false	InfluenceElection
Grants To Individuals	false	GrantsToIndividuals
Grants To Organizations	false	GrantsToOrganizations
Noncharitable Purpose	false	NoncharitablePurpose
Tr Fail To Qualify As Exceptions	false	TrFailToQualifyAsExceptions
Maint Expend Responsibility	false	MaintExpendResponsibility
Rcv Funds To Pay Prsnl Bnft Contract	false	RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract	false	PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn	false	ProhibitedTaxShelterTransactn
Proceeds Or Net Income	false	ProceedsOrNetIncome

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (2 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitle	Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition	CompensationCompensation
BETTY HUANG
4000 ISLAND BLVD	AVENTURA	FL	33160	Secretary	0.00	0
SL HUANG
4000 ISLAND BLVD	AVENTURA	FL	33160	President	0.00	0

Field	Value	IRS element (for citing)
Comp Of Highest Paid Empl NONE	NONE	CompOfHighestPaidEmplNONE
Comp Of Hghst Paid Cntrct NONE	NONE	CompOfHghstPaidCntrctNONE

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	0	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	0	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	0	TotalFMVOfUnusedAssets
Reduction Claimed	0	ReductionClaimed
Adj Total FMV Of Unused Assets	0	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	0	CashDeemedCharitable
Net Noncharitable Assets	0	NetNoncharitableAssets
Minimum Investment Return	0	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Tax Based On Investment Income	34	TaxBasedOnInvestmentIncome
Total Tax	34	TotalTax
Distributable Amount Before Adj	34	DistributableAmountBeforeAdj
Distributable Amount Before Ded	34	DistributableAmountBeforeDed
Distributable Amount As Adjusted	0	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	350350	ExpensesAndContributions
Qualifying Distributions	350350	QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm	34	OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions	350316	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	0	DistributableAmountAsAdjusted
Excess Distri Carryover Year5	159299	ExcessDistriCarryoverYear5
Excess Distri Carryover Year4	208110	ExcessDistriCarryoverYear4
Excess Distri Carryover Year3	498600	ExcessDistriCarryoverYear3
Excess Distri Carryover Year2	361197	ExcessDistriCarryoverYear2
Excess Distri Carryover Year1	419200	ExcessDistriCarryoverYear1
Total Excess Distri Carryover	1646406	TotalExcessDistriCarryover
Qualifying Distributions	350350	QualifyingDistributions
Treated As Distri From Corpus	0	TreatedAsDistriFromCorpus
Remaining Distri From Corpus	350350	RemainingDistriFromCorpus
Total Corpus	1996756	TotalCorpus
Undistributed Income CY	0	UndistributedIncomeCY
Excess Distri Cyov From Year5	159299	ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year	1837457	ExcessDistriCyovToNextYear
Excess From Year4	208110	ExcessFromYear4
Excess From Year3	498600	ExcessFromYear3
Excess From Year2	361197	ExcessFromYear2
Excess From Year1	419200	ExcessFromYear1
Excess From Current Year	350350	ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Contributing Manager	BETTY HUANG	ContributingManager
Contributing Manager	SL HUANG	ContributingManager
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (6 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient RelationshipRecipientRelationship	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
CASA CELEBRATION OF CHILDREN
1505 EAST 17TH ST SUITE 214	SANTA ANA	CA	92705	UNRELATED PARTY	NON-PROFI	GENERAL SUPPORT	$6,250
SEGERSTROM CENTER FOR THE ARTS
600 TOWN CENTER DRIVE	COSTA MESA	CA	92626	UNRELATED PARTY	NON-PROFI	GENERAL SUPPORT	$73,600
CALIFORNIA INSTITUTE OF TECHNOLOGY
MC-5-32	PASADENA	CA	91125	UNRELATED PARTY	NON-PROFI	ENDOWED SCHOLARSHIP	$200,000
PACIFIC SYMPHONY
3631 S HARBOR BLVD SUITE 100	SANTA ANA	CA	92704	UNRELATED PARTY	NON-PROFI	GENERAL SUPPORT	$18,000
THE BOWERS MUSEUM
2002 NORTH MAIN STREET	SANTA ANA	CA	92706	UNRELATED PARTY	NON-PROFI	EXHIBITION SUPPORT	$10,000
SOUTH COAST REPERTORY
655 TOWN CENTER DRIVE	COSTA MESA	CA	92628	UNRELATED PARTY	NON-PROFI	PRODUCTION UNDERWRITING	$42,500

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	350350	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Field	Value	IRS element (for citing)
Related Or Exempt Function Income	3371	RelatedOrExemptFunctionIncome

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Related Or Exempt Function Income	3371	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Part XVIA	3371	TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Noncharitable EO	false	TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO	false	TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO	false	PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc	false	RentalOfFacilitiesEtc
Reimbursement Arrangements	false	ReimbursementArrangements
Loans Or Loan Guarantees	false	LoansOrLoanGuarantees
Performance Of Services Etc	false	PerformanceOfServicesEtc
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtc
Relationships Noncharitable E Os	false	RelationshipsNoncharitableEOs

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

Field	Value	IRS element (for citing)
Category	RETURN PREPARATION	Category
Amount	$700	Amount
Net Investment Income	0	NetInvestmentIncome
Adjusted Net Income	700	AdjustedNetIncome
Disbursements Charitable Prps	0	DisbursementsCharitablePrps

Taxes Schedule TaxesSchedule

Taxes Taxes (2 entries)

CategoryCategory	AmountAmount	Adjusted Net IncomeAdjustedNetIncome
FRANCHISE TAX BOARD	$10	10
ATTORNEY GENERAL	$75	75