Calvin J Li Memorial Foundation Inc
- Assets
- $442.3k
- Revenue
- $118.3k
- Investments
- $384.5k
- Employees
- 0
- Location
- Rockville, MD
- Founding
- Data as of
- 12/2022
- EIN
- 47-5070976
Organization Overview
Calvin J Li Memorial Foundation Inc is located in Rockville, MD. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Calvin J Li Memorial Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Calvin J Li Memorial Foundation Inc generated $118.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (26.0%) each year. All expenses for the organization totaled $74.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Calvin J Li Memorial Foundation Inc has awarded 25 individual grants totaling $421,840. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT TO SUPPORT CHINESE BIBLE CHURCH OF MARYLAND YOUTH DEVELOPMENT PROGRAM
GRANT TO SUPPORT UNIVERSITY OF MARYLAND ASIAN AMERICANS STUDIES PROGRAM
SPONSOR ESSAY CONTEST STORIES OF MY PARENTS
SUPPORT YOUTH PROGRAM OF FIRST ITHACA CHINESE CHRISTIAN CHURCH
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ingrid Fan Director | 0 | $0 | |
Christin Li Director | 0 | $0 | |
Aryani Ong Director | 0 | $0 | |
Eric Cha Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $36,251 |
| Interest on Savings | $1,735 |
| Dividends & Interest | $2,119 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $78,219 |
| Capital Gain Net Income | $78,219 |
| Net ST Capital Gain | $52,170 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $118,324 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,570 |
| Taxes | $1,639 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,957 |
| Printing and publications | $0 |
| Other expenses | $288 |
| Total operating and administrative expenses | $21,958 |
| Contributions, gifts, grants paid | $52,940 |
| Total expenses and disbursements | $74,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,828 |
| Savings and temporary cash investments | $33,969 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $442,317 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Calvin J Li Memorial Foundation Inc has awarded $45,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Rockville, MD PURPOSE: SUPPORT YOUTH DEV PROGRAMS | $25,000 |
UNIVERSITY OF MARYLAND PURPOSE: SUPPORT AAST LI FELLOWSHIP | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Calvin J Li Memorial Foundation Inc has recieved totaling $95,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $95,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Education Building Corp Wilmington, DE | $62,091,900 | $5,409,569 |
Flamboyan Foundation Inc Washington, DC | $23,344,685 | $18,816,042 |
Charles & Agnes Kazarian Eternal Foundation Washington, DC | $208,004,266 | $5,026,410 |
Building Hope Idaho Washington, DC | $97,183,207 | $6,746,312 |
Stoneleigh Foundation Philadelphia, PA | $92,384,286 | $2,978,235 |
Building Hope Holdings Inc Washington, DC | $2,525,393 | $4,512,862 |
Global Ahead Inc Derwood, MD | $0 | $4,557,570 |
Satell Institute King Of Prussia, PA | $13,359,727 | $1,126,245 |
Rona And Jeffrey Abramson Foundation Rockville, MD | $47,786,937 | $3,092,454 |
Jack Miller Center For Teaching Americas Founding Principles And Bala Cynwyd, PA | $14,689,077 | $1,577,352 |
Jayne Koskinas Ted Giovanis Foundation For Health And Policy Highland, MD | $14,613,580 | $2,825,934 |
Artyard Erwinna, PA | $77,186,190 | $24,985,342 |