GRACE OF LORD FUND TRUST: Form 990PF, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- GRACE OF LORD FUND TRUST (EIN 33-0705385)
- Tax period
- 2012-04-01 to 2013-03-31
- Filed
- 2013-07-31
- IRS object ID
- 201332129349100023
- Schema version
- 2012v2.1
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-07-31T16:58:59-05:00 | Timestamp |
| Tax Period End Date | 2013-03-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOU J YEN CPA A PROFESSIONAL CORP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 2006 | AddressLine1 |
| City | FULLERTON | City |
| State | CA | State |
| ZIP Code | 928370006 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2012-04-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 330705385 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE GRACE OF LORD FUND TRUST | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | GRAC | NameControl |
| Phone | 7148791898 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 13341 SILVERBERRY CIRCLE | AddressLine1 |
| City | CERRITOS | City |
| State | CA | State |
| ZIP Code | 90703 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | PERSIS LAU | Name |
| Title | TRUSTEE | Title |
| Phone | 7148791898 | Phone |
| Date Signed | 2013-07-23 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | HOU J YEN | Name |
| Phone | 7148791898 | Phone |
| Date Prepared | 2013-07-31 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-12-30 17:16:21Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 269076 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 8800 | ContriReceivedRevAndExpnss |
| Interest On Savings Rev And Expnss | 10447 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 10447 | InterestOnSavingsNetInvstIncm |
| Interest On Savings Adj Net Incm | 10447 | InterestOnSavingsAdjNetIncm |
| Total Revenue And Expenses | 19247 | TotalRevenueAndExpenses |
| Total Net Investment Income | 10447 | TotalNetInvestmentIncome |
| Total Adjusted Net Income | 10447 | TotalAdjustedNetIncome |
| Accounting Fees Rev And Expnss | 850 | AccountingFeesRevAndExpnss |
| Taxes Rev And Expnss | 154 | TaxesRevAndExpnss |
| Tot Opr Expenses Rev And Expnss | 1004 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 0 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 16500 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 16500 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 17504 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 0 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 16500 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 1743 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 10447 | NetInvestmentIncome |
| Adjusted Net Income | 10447 | AdjustedNetIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 267333 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 269076 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 269076 | SavingsAndTempCashInvstEOYFMV |
| Total Assets BOY | 267333 | TotalAssetsBOY |
| Total Assets EOY | 269076 | TotalAssetsEOY |
| Total Assets EOYFMV | 269076 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | 267333 | RetainedEarningsBOY |
| Retained Earnings EOY | 269076 | RetainedEarningsEOY |
| Total Net Assets BOY | 267333 | TotalNetAssetsBOY |
| Total Net Assets EOY | 269076 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 267333 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 269076 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 267333 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 1743 | ExcessOfRevenueOverExpenses |
| Subtotal | 269076 | Subtotal |
| Total Net Assets Fund Balances EOY | 269076 | TotalNetAssetsFundBalancesEOY |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 11958 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 256100 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.046693 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 11410 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 246250 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.046335 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 12925 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 246250 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.052487 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 10800 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 241325 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.044753 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 9000 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 239595 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 0.037563 | DistributionRatioYear5 |
| Total Distribution Ratio | 0.227831 | TotalDistributionRatio |
| Average Distribution Ratio | 0.045566 | AverageDistributionRatio |
| Net Noncharitable Assets | 256100 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 11669 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 104 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 11773 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 16500 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | X | DomesticOrgMeetingSect4940e |
| Investment Income Excise Tax | 104 | InvestmentIncomeExciseTax |
| Subtotal | 104 | Subtotal |
| Tax Based On Investment Income | 104 | TaxBasedOnInvestmentIncome |
| Tax Due | 104 | 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 |
| Termination Etc | false | TerminationEtc |
| Requirements Of Sect508e | true | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| States Filed With | CA | StatesFiledWith |
| 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 Person Name | HOU J YEN CPA | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 7148791898 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 2006 | AddressLine1 |
| City | FULLERTON | City |
| State | CA | State |
| ZIP Code | 928370006 | 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 |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| Business Holdings | false | BusinessHoldings |
| 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 |
| Rcv Funds To Pay Prsnl Bnft Contract | false | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | false | ProhibitedTaxShelterTransactn |
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 | Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc | Expense Account Other AllowancesExpenseAccountOtherAllowances |
|---|---|---|---|---|---|---|---|---|
| DANNY LAU | ||||||||
| 13341 SILVERBERRY CIRCLE | CERRITOS | CA | 90703 | TRUSTEE | 2.00 | 0 | 0 | 0 |
| PERSIS LAU | ||||||||
| 13341 SILVERBERRY CIRCLE | CERRITOS | CA | 90703 | TRUSTEE | 2.00 | 0 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | SPONSOR SEMINARY STUDENTS;PLACE NOTICE ON A CHURCH BULLETIN TO SOLICIT DONATION AND MAKE KNOWN THE PURPOSE OF THIS TRUST; VISIT THE STUDENTS AT THE SEMINARY TO INFORM THE TRUST'S PURPOSE. | Description1 |
| Expenses1 | 16500 | Expenses1 |
Sum Of Program Related Investments SumOfProgramRelatedInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1 |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 0 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 260000 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 260000 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 260000 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 3900 | CashDeemedCharitable |
| Net Noncharitable Assets | 256100 | NetNoncharitableAssets |
| Minimum Investment Return | 12805 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 12805 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 104 | TaxBasedOnInvestmentIncome |
| Total Tax | 104 | TotalTax |
| Distributable Amount Before Adj | 12701 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 12701 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 12701 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 16500 | ExpensesAndContributions |
| Qualifying Distributions | 16500 | QualifyingDistributions |
| One Pct Sect4940e Org Net Invst Incm | 104 | OnePctSect4940eOrgNetInvstIncm |
| Adj Qualifying Distributions | 16396 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 12701 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year3 | 353 | ExcessDistriCarryoverYear3 |
| Total Excess Distri Carryover | 353 | TotalExcessDistriCarryover |
| Qualifying Distributions | 16500 | QualifyingDistributions |
| Applied To Current Year | 12701 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 3799 | RemainingDistriFromCorpus |
| Total Corpus | 4152 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov To Next Year | 4152 | ExcessDistriCyovToNextYear |
| Excess From Year3 | 353 | ExcessFromYear3 |
| Excess From Current Year | 3799 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
Appication Submission Info AppicationSubmissionInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Name | HOU J YEN | RecipientName |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 2006 | AddressLine1 |
| City | FULLERTON | City |
| State | CA | State |
| ZIP Code | 928370006 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone Number | 7148791898 | RecipientPhoneNumber |
| Form And Info And Materials | RESUME & BUDGET FOR NEED | FormAndInfoAndMaterials |
| Submission Deadlines | NONE | SubmissionDeadlines |
| Restrictions On Awards | NONE | RestrictionsOnAwards |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (9 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount | Address Line2RecipientUSAddress/AddressLine2 |
|---|---|---|---|---|---|---|---|
| OMF INTERNATIONAL | |||||||
| 10 WEST DRY GREEK CIRCLE | LITTLETON | CO | 801204413 | NONE | GENERAL SUPPORT | $2,400 | |
| CAMPUS CRUSADE FOR CHRIST | |||||||
| PO BOX 628222 | ORLANDO | FL | 328628222 | NONE | GENERAL SUPPORT | $1,200 | |
| HOWARD YING | |||||||
| 17908 PIRES AVE | CERRITOS | CA | 90703 | NONE | SUPPORT FOR SEMINARY STUDY | $600 | |
| JOHN LIU | |||||||
| 5251 BRIDGE WOOD DRIVE | LA PALMA | CA | 90623 | NONE | SUPPORT FOR CHINA MISSION | $2,000 | |
| PAUL WEI | |||||||
| 5504 RYLAND AVE | TEMPLE CITY | CA | 91780 | NONE | SUPPORT FOR CHINA MINISTRY | $2,700 | |
| PETER W NING | |||||||
| 4707 JUDGE PL NW | CONCORD | NC | 28027 | NONE | SUPPORT FOR CHINA MISSION | $3,000 | |
| TAEKO HIRAGA | |||||||
| 1240 KNOLLWOOD ROAD | SEAL BEACH | CA | 90740 | NONE | SUPPORT FOR ASIAN MINISTRY | $1,200 | 38D |
| WEI SZU | |||||||
| 286 BEAVER CT | POMONA | CA | 91766 | NONE | SUPPORT FOR CHINA MISSION | $2,000 | UNIT 309 |
| YUN WAH TSE | |||||||
| PO BOX 2006 | FULLERTON | CA | 92833 | NONE | SUPPORT FOR SEMINARY STUDY | $1,400 | C/O YEN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 16500 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $10,447 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $10,447 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 10447 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | X | Organization501c3ExemptPF |
| General Rule | X | GeneralRule |
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | 1 | ContributorNumber |
| Contributor Name Individual | DANNY LAU | ContributorNameIndividual |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 13341 SILVERBERRY CIRCLE | AddressLine1 |
| City | CERRITOS | City |
| State | CA | State |
| ZIP Code | 90703 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | 6000 | AggregateContributions |
| Person Contribution Type | X | PersonContributionType |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INDIRECT ACCOUNTING FEES | Category |
| Amount | $850 | Amount |
Compensation Explanation CompensationExplanation
Compensation Compensation (2 entries)
| DANNY LAU |
| PERSIS LAU |
Taxes Schedule TaxesSchedule
Taxes Taxes (2 entries)
| CategoryCategory | AmountAmount |
|---|---|
| FEDERAL EXCISE TAX | $144 |
| FRANCHISE TAX BOARD | $10 |