Li Family Foundation
- Assets
- $170.7k
- Revenue
- $107.0
- Investments
- $0.0
- Employees
- 0
- Location
- Huntington Beach, CA
- Founding
- 02/2017
- Data as of
- 12/2022
- EIN
- 81-1162774
Organization Overview
Li Family Foundation is located in Huntington Beach, CA. The organization was established in 2017. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Li Family Foundation 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, Li Family Foundation generated $107.0 in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $29.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Li Family Foundation has awarded 53 individual grants totaling $175,903. 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
PROVIDED FUNDS TO VARIOUS NONPROFIT ORGANIZATONS WHOSE MISSION IS THE BETTERMENT OF PEOPLE THROUGH ADVOCACY FOR THE HOMELESS, SCHOLARSHIPS FOR STUDENTS, OR CREATING POLICY SOLUTIONS FOR A PRINCIPLED AND FREE DEMOCRACY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tit S Li Foundation Mgr. | 1 | $0 | |
Nga W Wong Foundation Mgr. | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $107 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $107 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13 |
| Total operating and administrative expenses | $2,458 |
| Contributions, gifts, grants paid | $27,100 |
| Total expenses and disbursements | $29,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $741 |
| Savings and temporary cash investments | $170,000 |
| 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 | $170,741 |
| 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, Li Family Foundation has awarded $27,100 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HOOVER INSTITUTION PURPOSE: TO IMPROVE THE HUMAN CONDITION BY ADVANCING IDEAS THAT PROMOTE ECONOMIC OPPORTUNITY AND PROSPERITY. | $100 |
HUBEI ASSOCIATION OF SOUTHERN PURPOSE: TO PROMOTE EDUCATIONAL OBJECTIVES BY PROVIDING SCHOLARSHIPS. | $6,500 |
CSC CHINATOWN PURPOSE: TO SUPPORT ORGANIZATIONS THAT PROMOTE CULTURAL VALUES AND TO PROVIDE SCHOLARSHIPS TO MINORITY STUDENTS. | $20,000 |
CHILDREN'S ORCHESTRA SOCIETY PURPOSE: TO PROMOTE CHILDREN'S PARTICIPATION IN MUSICAL PROGRAMS FOR THEIR PERSONAL ADVANCEMENT. | $500 |