Liangli Foundation
- Assets
- $3.5m
- Revenue
- -$758.6k
- Investments
- $3.4m
- Employees
- 0
- Location
- Fremont, CA
- Founding
- 03/2011
- Data as of
- 10/2023
- EIN
- 27-4294818
Organization Overview
Liangli Foundation is located in Fremont, CA. The organization was established in 2011. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Liangli Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM TO ENHANCE THE EDUCATION FOR CHILDREN IN UNDERPRIVILEGED AREAS, INCLUDING RELATED ADMINISTRATIVE EXPENSES AND PROGRAM-RELATED INVESTMENTS.
NEW IMMIGRANT TRAINING PROGRAM FOR CULINARY TRAINING FOR REFUGEES TO PROVIDE JOB DEVELOPMENT. EXPENSES INCLUDE ADMINISTRATIVE AND PROGRAM RELATED EXPENSES.
PROGRAM TO IMPROVE EDUCATION IN RURAL AREAS BY PROVIDING AGE-APPROPRIATE, EDUCATIONAL BOOKS AND OTHER MATERIALS FOR EARLY CHILDHOOD AND PRIMARY SCHOOL STUDENTS. EXPENSES INCLUDE ADMINISTRATIVE AND PROGRAM-RELATED COSTS.
LOCAL PROGRAM AND NEW PROGRAM DEVELOPMENT, INCLUDING RELATED ADMINISTRATIVE AND PROGRAM-RELATED INVESTMENT COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lily C Zhang Director/president | 30 | $0 | |
Huailiang Wang Director/secretary/treasurer | 20 | $0 | |
Lucia Wang Advisory Committee Member | 8 | $0 | |
Linda Wang Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $857 |
| Dividends & Interest | $10,173 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$769,615 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $67,651 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$758,585 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $28,437 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $552 |
| Occupancy | $5,483 |
| Travel, conferences, and meetings | $2,256 |
| Printing and publications | $0 |
| Other expenses | $64,231 |
| Total operating and administrative expenses | $119,773 |
| Contributions, gifts, grants paid | $1,338 |
| Total expenses and disbursements | $121,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,418 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,656 |
| Other assets | $0 |
| Total assets | $3,548,095 |
| Accounts payable and accrued expenses | $9,902 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,902 |
Grants Awarded
Over the last fiscal year, Liangli Foundation has awarded $1,338 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
APARNA'S HEALTH FOUNDATION PURPOSE: TO SUPPORT FREE HEALTHCARE SERVICES | $20 |
NORTHERN CALIFORNIA BODHI DHARMA SOCIETY PURPOSE: TO PROVIDE AN ACTIVE AND PEACEFUL LEARNING ENVIRONMENT AND OFFER EDUCATION MEDITATION MATERIALS TO STUDENTS | $68 |
SOAR FOUNDATION PURPOSE: TO SUPPORT EDUCATION TO IMPOVERISHED AND CAPABLE CHINESE YOUTHS. | $1,250 |