Fengzheng Cultural Foundation in Henderson, Nevada (NV)

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Fengzheng Cultural Foundation
Employer Identification Number (EIN)461403616
Name of OrganizationFengzheng Cultural Foundation
In Care of NameGuanghui Zheng
Address2392 Brockton Way, Henderson, NV 89074-5461
SubsectionCharitable Organization
Ruling Date02/2013
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$154,860
Amount of Income$107,303
Form 990 Revenue Amount$55,000
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Student Services, Organizations of Students


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Amount of income in 2013: $107,303 (it was $55,000 in 2012)
Fengzheng Cultural Foundation: 

 $107,303
Other organizations performing similar types of work: 

 $85,334

Assets in 2013: $154,860 (it was $49,945 in 2012)
Fengzheng Cultural Foundation: 

 $154,860
Other organizations performing similar types of work: 

 $44,771

Expenses in 2013: $2,389
Fengzheng Cultural Foundation: 

 $2,389
Other organizations performing similar types of work: 

 $64,634

Income to expenses ratio in 2013: 44.9
Fengzheng Cultural Foundation: 

 44.9
Other organizations performing similar types of work: 

 0.8

Grants share in income in 2013: 99.2%
Fengzheng Cultural Foundation: 

 99.2%
Other organizations performing similar types of work: 

 0.0%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$107,303$844$844
Contributions, gifts, grants, etc., received$106,459
Interest on savings and temporary cash investments$844
Dividends and interest from securities$0
Gross rents$0
Gross sales price for all assets$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$2,389$0$0$2,389
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$0
Legal fees$0
Accounting fees$0
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$39$0$39
Contributions, gifts, grants paid$2,350
Excess of revenue over expenses and disbursements$104,914
Net investment income$844
Adjusted net income$844
Balance Sheets
20122013
Book ValueFair Market ValueBook ValueFair Market Value
Total assets$49,945$49,945$154,860$154,860
Cash - non-interest-bearing$49,945$54,860
Investments-U.S. and state government obligations$0$0
Investments-corporate stock$0$0
Investments-corporate bonds$0$0
Investments-mortgage loans$0$0
Investments-other$0$100,000
Other assets$0$0
Total liabilities$0$1
Mortgages and other notes payable$0$0
Other liabilities$0$0
Total liabilities and net assets/fund balances$49,945$154,860
Capital Gains and Losses for Tax on Investment Income
20122013
Capital gain net income$0$0
Net capital loss$0$0
Excise Tax Based on Investment Income
20122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNo
Tax based on investment income$0$17
Total credits and payments$0$0
Any penalty for underpayment of estimated tax$0$0
Tax due$0$17
Overpayment$0$0
Amount to be credited to next year's estimated tax$0$0
Statements Regarding Activities
20122013
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?NoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesNo
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?NoYes
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesNo
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
20122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNo
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNo
Agree to pay money or property to a government official?NoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNo
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?NoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
20122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$50,000$0
Net value of noncharitable-use assets$49,250$0
Minimum investment return$2,463$0
Distributable Amount
20122013
Distributable amount$2,463$0
Undistributed Income
20122013
Distributable amount for this year$2,463$0
Undistributed income for this year. This amount must be distributed in the next year$0$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$2,389$5,054$0$0$7,443
Value of all assets$1$0$0$0$1
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$844$0
Dividends and interest from securities$0$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Fengzheng Cultural Foundation2392 Brockton Way, Henderson, NV 89074-5461NV2013-02$107,303
2Ohana Matters Foundation7639 Rafter Ct, Las Vegas, NV 89139-8724NV2010-10$2,000
3All Students Academic PartnershipPO BOX 30022, Las Vegas, NV 89173-0022NV2002-03$0
4American Student Dental Association1001 Shadow Lane Mail Stop 7410, Las Vegas, NV 89106-4124NV1971-10$0
5Atlas Initiative Group Inc3993 Spring Mountain Rd 124, Las Vegas, NV 89102NV2013-03$0
6Eagle Home School Co-Op Inc1900 Joy Lake Road, Reno, NV 89511NV2008-05$0
7Great Basin Co-Op Testing LaboratoryPo Box 531, Lovelock, NV 89419NV2010-08$0
8Harvard Club Of Northern Nevada And The SierraPo Box 17837, Reno, NV 89511NV2014-07$0
9Home Schools United Plus Extra Curriculum & Field Trips701 Raintree Ln, Las Vegas, NV 89107-1245NV1997-06$0
10Katherine Dunn Pfo1135 O Callaghan Dr, Sparks, NV 89434-0712NV2000-04$0
11Keeping Youth Educated Inc Kye Inc1264 Moon Vision St, Henderson, NV 89052-4007NV2014-07$0
12Making The Grade Inc11245 Torino Way, Reno, NV 89521NV2014-05$0
13Music Back In Schools4425 E Sahara Avenue, Las Vegas, NV 89104NV2014-07$0
14Nevada Affordable Student Housing Corporation1535 Old Hot Springs Rd Ste 50, Carson City, NV 89706-0679NV2006-05$0
15Parent Citywide African American Educational Focus Group5416 Banjo Street, Las Vegas, NV 89107NV2003-11$0
16Project School DaysP O Box 3052, Gardnerville, NV 89410NV1998-11$0
17Quarterback Foundation2320 Paseo Del Prado Ste B305, Las Vegas, NV 89102-4335NV2005-12$0
18Samoan Affairs Of Nevada, Association Samoa In NevadaPO BOX 26991, Las Vegas, NV 89126NV2012-03$0
19Siverstate Education Community Development Corporation1609 E Hammer Ln, N Las Vegas, NV 89081-2474NV2014-08$0
20Top Pick Sports2617 Chateau Clermont, Henderson, NV 89044NV2012-08$0
Number of organizations performing similar types of work
Alaska4
Alabama44
Arkansas18
Arizona44
California358
Colorado52
Connecticut46
District of Columbia29
Delaware21
Florida143
Georgia124
Hawaii17
Iowa22
Idaho11
Illinois90
Indiana58
Kansas26
Kentucky31
Louisiana43
Massachusetts82
Maryland77
Maine13
Michigan95
Minnesota60
Missouri50
Mississippi23
Montana12
North Carolina88
North Dakota4
Nebraska16
New Hampshire11
New Jersey83
New Mexico21
Nevada25
New York181
Ohio85
Oklahoma30
Oregon31
Pennsylvania101
Rhode Island14
South Carolina39
South Dakota7
Tennessee50
Texas232
Utah13
Virginia80
Vermont14
Washington63
Wisconsin47
West Virginia10
Wyoming8
International5
Total2,851

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