MYC FOUNDATION: Form 990PF, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- MYC FOUNDATION (EIN 27-4201906)
- Tax period
- 2011-12-01 to 2012-11-30
- Filed
- 2013-03-26
- IRS object ID
- 201340859349100309
- Schema version
- 2011v1.5
- 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
- Schedule B
- Accounting Fees Schedule
- Other Expenses Schedule
- Other Liabilities Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-03-26T13:31:48-07:00 | Timestamp |
| Tax Period End Date | 2012-11-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Jimmy J Chen & Associates Inc | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1582 Centre Pointe Drive | AddressLine1 |
| City | Milpitas | City |
| State | CA | State |
| ZIP Code | 95035 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2011-12-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 274201906 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MYC FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MYCF | NameControl |
| Phone | 4082528965 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5962 BOLLINGER RD | AddressLine1 |
| City | SAN JOSE | City |
| State | CA | State |
| ZIP Code | 95129 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SHUNBO MOU | Name |
| Title | CEO | Title |
| Date Signed | 2013-03-26 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Jimmy J Chen CPA | Name |
| Phone | 4084358828 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 266561 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 18765 | ContriReceivedRevAndExpnss |
| Dividends Rev And Expnss | 10376 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 10376 | DividendsNetInvstIncm |
| Dividends Adj Net Incm | 10376 | DividendsAdjNetIncm |
| Net Gain Sale Assets Rev And Expnss | 23570 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 38975 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 23570 | CapitalGainNetIncmNetInvstIncm |
| Net STCG Adj Net Incm | 23570 | NetSTCGAdjNetIncm |
| Total Revenue And Expenses | 52711 | TotalRevenueAndExpenses |
| Total Net Investment Income | 33946 | TotalNetInvestmentIncome |
| Total Adjusted Net Income | 33946 | TotalAdjustedNetIncome |
| Accounting Fees Rev And Expnss | 965 | AccountingFeesRevAndExpnss |
| Accounting Fees Adj Net Incm | 965 | AccountingFeesAdjNetIncm |
| Accounting Fees Dsbrs Chrtbl Prps | 965 | AccountingFeesDsbrsChrtblPrps |
| Taxes Rev And Expnss | 2310 | TaxesRevAndExpnss |
| Taxes Adj Net Incm | 2310 | TaxesAdjNetIncm |
| Taxes Dsbrs Chrtbl Prps | 2310 | TaxesDsbrsChrtblPrps |
| Other Expenses Rev And Expnss | 60 | OtherExpensesRevAndExpnss |
| Other Expenses Adj Net Incm | 60 | OtherExpensesAdjNetIncm |
| Other Expenses Dsbrs Chrtbl Prps | 60 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 3335 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 0 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Adj Net Incm | 3335 | TotOprExpensesAdjNetIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 3335 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 250 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 250 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 3585 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 0 | TotalExpensesNetInvstIncm |
| Total Expenses Adj Net Incm | 3335 | TotalExpensesAdjNetIncm |
| Total Expenses Dsbrs Chrtbl Prps | 3585 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 49126 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 33946 | NetInvestmentIncome |
| Adjusted Net Income | 30611 | AdjustedNetIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 52031 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 12296 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 12295 | SavingsAndTempCashInvstEOYFMV |
| Investments Corp Stock EOY | 28861 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 133628 | InvestmentsCorpStockEOYFMV |
| Investments Corp Bonds BOY | 60000 | InvestmentsCorpBondsBOY |
| Investments Corp Bonds EOY | 120000 | InvestmentsCorpBondsEOY |
| Investments Corp Bonds EOYFMV | 120638 | InvestmentsCorpBondsEOYFMV |
| Total Assets BOY | 112031 | TotalAssetsBOY |
| Total Assets EOY | 161157 | TotalAssetsEOY |
| Total Assets EOYFMV | 266561 | TotalAssetsEOYFMV |
| Other Liabilities BOY | 5117 | OtherLiabilitiesBOY |
| Other Liabilities EOY | 5117 | OtherLiabilitiesEOY |
| Total Liabilities BOY | 5117 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 5117 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Capital Stock BOY | 6248 | CapitalStockBOY |
| Capital Stock EOY | 25013 | CapitalStockEOY |
| Paid In Or Capital Surplus BOY | 100666 | PaidInOrCapitalSurplusBOY |
| Paid In Or Capital Surplus EOY | 131027 | PaidInOrCapitalSurplusEOY |
| Total Net Assets BOY | 106914 | TotalNetAssetsBOY |
| Total Net Assets EOY | 156040 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 112031 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 161157 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 106914 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 49126 | ExcessOfRevenueOverExpenses |
| Subtotal | 156040 | Subtotal |
| Total Net Assets Fund Balances EOY | 156040 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 23570 | CapitalGainNetIncome |
| Net Short Term Capital Gain Or Loss | 23570 | NetShortTermCapitalGainOrLoss |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 679 | InvestmentIncomeExciseTax |
| Subtotal | 679 | Subtotal |
| Tax Based On Investment Income | 679 | TaxBasedOnInvestmentIncome |
| Form2220 Attached | X | Form2220Attached |
| Penalty For Underpayment | 14 | PenaltyForUnderpayment |
| Tax Due | 693 | 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 |
| States Filed With | CA | StatesFiledWith |
| Form990 PF Filed With AG | true | Form990PFFiledWithAG |
| Private Operating Foundation | false | PrivateOperatingFoundation |
| New Substantial Contributors | true | 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 | SHUNBO MOU | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Books In Care Of Phone Number | 4082528965 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5962 BOLLINGER RD | AddressLine1 |
| City | SAN JOSE | City |
| State | CA | State |
| ZIP Code | 95129 | 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 |
|---|---|---|---|---|---|---|
| GUIFANG CHEN | ||||||
| 5962 BOLLINGER RD | SAN JOSE | CA | 95129 | CFO | 0.00 | 0 |
| SHUNBO MOU | ||||||
| 5962 BOLLINGER RD | SAN JOSE | CA | 95129 | CEO | 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 | 239417 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 13505 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 252922 | TotalFMVOfUnusedAssets |
| Reduction Claimed | 0 | ReductionClaimed |
| Adj Total FMV Of Unused Assets | 252922 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 3794 | CashDeemedCharitable |
| Net Noncharitable Assets | 249128 | NetNoncharitableAssets |
| Minimum Investment Return | 12456 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 12456 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 679 | TaxBasedOnInvestmentIncome |
| Total Tax | 679 | TotalTax |
| Distributable Amount Before Adj | 11777 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 11777 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 11777 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 3585 | ExpensesAndContributions |
| Qualifying Distributions | 3585 | QualifyingDistributions |
| Adj Qualifying Distributions | 3585 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 11777 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year1 | 8755 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 8755 | TotalExcessDistriCarryover |
| Qualifying Distributions | 3585 | QualifyingDistributions |
| Treated As Distri From Corpus | 0 | TreatedAsDistriFromCorpus |
| Applied To Current Year | 3585 | AppliedToCurrentYear |
| Excess Distri Cyov App CY Corpus | 8192 | ExcessDistriCyovAppCYCorpus |
| Excess Distri Cyov Applied CY | 8192 | ExcessDistriCyovAppliedCY |
| Total Corpus | 563 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov To Next Year | 563 | ExcessDistriCyovToNextYear |
| Excess From Year1 | 563 | ExcessFromYear1 |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | SHUNBO MOU | ContributingManager |
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person Name | MONTEREY BAY AQUARIUM | RecipientPersonName |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 886 CANNERY ROW | AddressLine1 |
| City | MONTEREY | City |
| State | CA | State |
| ZIP Code | 93940 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | N/A | RecipientRelationship |
| Recipient Foundation Status | 501C | RecipientFoundationStatus |
| Purpose Of Grant Or Contribution | DONATION | PurposeOfGrantOrContribution |
| Amount | $250 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 250 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 10376 | RelatedOrExemptFunctionIncome |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 23570 | RelatedOrExemptFunctionIncome |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 33946 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 33946 | 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 | SHUNBO MOU | ContributorNameIndividual |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5962 BOLLINGER RD | AddressLine1 |
| City | SAN JOSE | City |
| State | CA | State |
| ZIP Code | 95129 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | 117432 | AggregateContributions |
| Noncash Contribution Type | X | NoncashContributionType |
Noncash Property NoncashProperty
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number From Part I | 1 | ContributorNumberFromPartI |
| Noncash Property Description | SECURITIES | NoncashPropertyDescription |
| Fair Market Value | 117432 | FairMarketValue |
| Date Received | 2011-12-30 | DateReceived |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount | $965 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 965 | AdjustedNetIncome |
| Disbursements Charitable Prps | 965 | DisbursementsCharitablePrps |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | FILING FEE | Description |
| Revenue And Expenses Per Books | 60 | RevenueAndExpensesPerBooks |
| Adjusted Net Income | 60 | AdjustedNetIncome |
| Disbursements Charitable Prps | 60 | DisbursementsCharitablePrps |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ADV FROM FOUNDER | Description |
| BOY Book Value | 5117 | BOYBookValue |
| EOY Book Value | 5117 | EOYBookValue |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor SubstantialContributor
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person Name | SHUNBO MOU | PersonName |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5962 BOLLINGER RD | AddressLine1 |
| City | SAN JOSE | City |
| State | CA | State |
| ZIP Code | 95129 | ZIPCode |
Taxes Schedule TaxesSchedule
Taxes Taxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount | $2,310 | Amount |
| Adjusted Net Income | 2310 | AdjustedNetIncome |
| Disbursements Charitable Prps | 2310 | DisbursementsCharitablePrps |