HUANG FAMILY FOUNDATION: Form 990PF, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- HUANG FAMILY FOUNDATION (EIN 81-0581448)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-04-30
- IRS object ID
- 201101209349100600
- Schema version
- 2010v3.2
- 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 | 2011-04-30T10:46:27-07:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | 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 | 2010-01-01 | 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 |
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 | 2011-04-30 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Stephen Wojdowski | Name |
| Phone | 6192960150 | Phone |
| Self Employed | X | SelfEmployed |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | 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 | 1572919 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 350000 | ContriReceivedRevAndExpnss |
| Not Required To Attach Schedule B | X | NotRequiredToAttachScheduleB |
| Interest On Savings Rev And Expnss | 6117 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 6117 | InterestOnSavingsNetInvstIncm |
| Interest On Savings Adj Net Incm | 6117 | InterestOnSavingsAdjNetIncm |
| Net Gain Sale Assets Rev And Expnss | 0 | NetGainSaleAssetsRevAndExpnss |
| Total Revenue And Expenses | 356117 | TotalRevenueAndExpenses |
| Total Net Investment Income | 6117 | TotalNetInvestmentIncome |
| Total Adjusted Net Income | 6117 | TotalAdjustedNetIncome |
| Accounting Fees Rev And Expnss | 675 | AccountingFeesRevAndExpnss |
| Accounting Fees Adj Net Incm | 675 | AccountingFeesAdjNetIncm |
| Taxes Rev And Expnss | 85 | TaxesRevAndExpnss |
| Taxes Adj Net Incm | 85 | TaxesAdjNetIncm |
| Deprec And Depletion Rev And Expnss | 0 | DeprecAndDepletionRevAndExpnss |
| Tot Opr Expenses Rev And Expnss | 760 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 0 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Adj Net Incm | 760 | TotOprExpensesAdjNetIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 361197 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 361197 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 361957 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 0 | TotalExpensesNetInvstIncm |
| Total Expenses Adj Net Incm | 760 | TotalExpensesAdjNetIncm |
| Total Expenses Dsbrs Chrtbl Prps | 361197 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -5840 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 6117 | NetInvestmentIncome |
| Adjusted Net Income | 5357 | AdjustedNetIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 28000 | CashBOY |
| Cash EOY | 66043 | CashEOY |
| Cash EOYFMV | 66043 | CashEOYFMV |
| Savings And Temp Cash Invst BOY | 1550759 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 1506876 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 1506876 | SavingsAndTempCashInvstEOYFMV |
| Total Assets BOY | 1578759 | TotalAssetsBOY |
| Total Assets EOY | 1572919 | TotalAssetsEOY |
| Total Assets EOYFMV | 1572919 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | 1578759 | RetainedEarningsBOY |
| Retained Earnings EOY | 1572919 | RetainedEarningsEOY |
| Total Net Assets BOY | 1578759 | TotalNetAssetsBOY |
| Total Net Assets EOY | 1572919 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 1578759 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 1572919 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 1578759 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -5840 | ExcessOfRevenueOverExpenses |
| Subtotal | 1572919 | Subtotal |
| Total Net Assets Fund Balances EOY | 1572919 | TotalNetAssetsFundBalancesEOY |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 498487 | QualifyingDistributionsYear1 |
| Qualifying Distributions Year2 | 285614 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 1566314 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.18235 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 240775 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 1654208 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.14555 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 177607 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 1580986 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.11234 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 187181 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 1470690 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 0.12727 | DistributionRatioYear5 |
| Total Distribution Ratio | 0.56751 | TotalDistributionRatio |
| Average Distribution Ratio | 0.11350 | AverageDistributionRatio |
| One Percent Net Investment Income | 61 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 61 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 361197 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | X | DomesticOrgMeetingSect4940e |
| Investment Income Excise Tax | 61 | InvestmentIncomeExciseTax |
| Subtotal | 61 | Subtotal |
| Tax Based On Investment Income | 61 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 101 | EstTaxPaymentsAndOverpayment |
| Total Credits And Payments | 101 | TotalCreditsAndPayments |
| Overpayment | 40 | Overpayment |
| Amount Credited To Next Year | 40 | AmountCreditedToNextYear |
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 |
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 | 61 | TaxBasedOnInvestmentIncome |
| Total Tax | 61 | TotalTax |
| Distributable Amount Before Adj | 61 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 61 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 0 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 361197 | ExpensesAndContributions |
| Qualifying Distributions | 361197 | QualifyingDistributions |
| One Pct Sect4940e Org Net Invst Incm | 61 | OnePctSect4940eOrgNetInvstIncm |
| Adj Qualifying Distributions | 361136 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 0 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year5 | 114284 | ExcessDistriCarryoverYear5 |
| Excess Distri Carryover Year4 | 99744 | ExcessDistriCarryoverYear4 |
| Excess Distri Carryover Year3 | 159299 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year2 | 208110 | ExcessDistriCarryoverYear2 |
| Excess Distri Carryover Year1 | 498600 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 1080037 | TotalExcessDistriCarryover |
| Qualifying Distributions | 361197 | QualifyingDistributions |
| Treated As Distri From Corpus | 0 | TreatedAsDistriFromCorpus |
| Remaining Distri From Corpus | 361197 | RemainingDistriFromCorpus |
| Total Corpus | 1441234 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov From Year5 | 114284 | ExcessDistriCyovFromYear5 |
| Excess Distri Cyov To Next Year | 1326950 | ExcessDistriCyovToNextYear |
| Excess From Year4 | 99744 | ExcessFromYear4 |
| Excess From Year3 | 159299 | ExcessFromYear3 |
| Excess From Year2 | 208110 | ExcessFromYear2 |
| Excess From Year1 | 498600 | ExcessFromYear1 |
| Excess From Current Year | 361197 | 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 (8 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|
| CALIFORNIA INSTITUTE OF TECHNOLOGY | ||||||
| MC-5-32 | PASADENA | CA | 91125 | UNRELATED PARTY | ENDOWED SCHOLARSHIP | $200,000 |
| ORANGE COUNTY PERFORMING ARTS CTR | ||||||
| 600 TOWN CENTER DRIVE | COSTA MESA | CA | 92626 | UNRELATED PARTY | GENERAL SUPPORT | $3,600 |
| PACIFIC SYMPHONY | ||||||
| 3631 S HARBOR BLVD SUITE 100 | SANTA ANA | CA | 92704 | UNRELATED PARTY | GENERAL SUPPORT | $3,000 |
| CARNEGIE HALL SYMPHONY | ||||||
| 881 SEVENTH AVENUE | NEW YORK | NY | 10019 | UNRELATED PARTY | GENERAL SUPPORT | $7,500 |
| THE BOWERS MUSEUM | ||||||
| 2002 NORTH MAIN STREET | SANTA ANA | CA | 92706 | UNRELATED PARTY | EXHIBITION SUPPORT | $10,000 |
| SOUTH COAST REPERTORY | ||||||
| 655 TOWN CENTER DRIVE | COSTA MESA | CA | 92628 | UNRELATED PARTY | PRODUCTION UNDERWRITING | $30,000 |
| THE UCLA FOUNDATION | ||||||
| 10920 WILSHIRE BLVD 1400 | LOS ANGELES | CA | 90095 | UNRELATED PARTY | GENERAL SUPPORT | $7,097 |
| UNIVERSITY OF PENNSYLVANIA | ||||||
| 433 FRANKLIN BLDG | PHILADELPHIA | PA | 19104 | UNRELATED PARTY | ENDOWED SCHOLARSHIP | $100,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 361197 | 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 | 6117 | RelatedOrExemptFunctionIncome |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 6117 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 6117 | 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 | $675 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 675 | 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 |