Shu-Tung And Alice Li Foundation Inc
- Assets
- $48.8m
- Revenue
- $987.7k
- Investments
- $46.9m
- Employees
- 0
- Location
- Oakland, NJ
- Founding
- 07/2017
- Data as of
- 09/2021
- EIN
- 81-4754976
Organization Overview
Shu-Tung And Alice Li Foundation Inc is located in Oakland, NJ. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Shu-Tung And Alice Li 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 09/2021, Shu-Tung And Alice Li Foundation Inc generated $987.7k in total revenue. All expenses for the organization totaled $1.3m during the year ending 09/2021. While expenses have increased by 119.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SHU-TUNG AND ALICE LI FOUNDATION, LABORATORY FOR TISSUE ENGINEERING RESEARCH, IS DEDICATED TO THE RESEARCH AND TRANSLATIONAL DEVELOPMENT OF TISSUE EQUIVALENT PRODUCTS TO ADVANCE REGENERATIVE TREATMENT OF DIFFICULT TO HEAL TISSUES AND ORGANS.
THE FEINSTEIN INSTITUTE FOR MEDICAL RESEARCH IS RESPONSIBLE FOR THE OVERALL SCIENTIFIC CONDUCT OF RESEARCH PRODUCTS INCLUDING DESIGN, ENGINEERING AND PROVIDING THE NECESSARY NUMBER OF TYPE I COLLAGEN-BASED SCAFFOLDS FOR THE PROPOSED RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shu-Tung Li Trustee | 40 | $175,000 | |
Tina Li Trustee | 40 | $115,879 | |
Wei Chang Scientist | 40 | $90,969 | |
Nahid Okanovic Facility Manager | 40 | $83,728 | |
Gan Zhou Scientist | 40 | $36,135 | |
Karoly Jakab Scientist | 40 | $27,853 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $948,479 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,228 |
| Capital Gain Net Income | $39,228 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $987,707 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $290,879 |
| Other employee salaries and wages | $243,408 |
| Pension plans, employee benefits | $22,335 |
| Interest | $95 |
| Taxes | $57,086 |
| Depreciation | $51,521 |
| Occupancy | $181,638 |
| Travel, conferences, and meetings | $496 |
| Printing and publications | $0 |
| Other expenses | $131,943 |
| Total operating and administrative expenses | $1,282,903 |
| Contributions, gifts, grants paid | $20,706 |
| Total expenses and disbursements | $1,303,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,545 |
| Savings and temporary cash investments | $1,147,076 |
| 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 | $577,810 |
| Other assets | $30,056 |
| Total assets | $48,787,018 |
| 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 | $36,507 |
| Total liabilities | $36,507 |
Grants Awarded
Over the last fiscal year, Shu-Tung And Alice Li Foundation Inc has awarded $150,606 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
FEINSTEIN INSTITUTE FOR MEDICAL RESEARCH PURPOSE: TYPE I COLLAGEN BASED SCAFFOLDS | $145,706 |
AIMBE MISSION PURPOSE: MEDICAL RESEARCH | $2,000 |
Rosemont, IL PURPOSE: MEDICAL RESEARCH | $1,750 |
Maplewood, NJ PURPOSE: CHILDERNS SPORTS | $1,000 |
PERLMAN MUSIC PURPOSE: PROMOTE MUSIC | $150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Crystal Trust Ua Dtd 12-25-47 Irenee Dupont Jr Ttee Montchanin, DE | $288,226,063 | $32,506,410 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |
Theodore J Forstmann Charitable Trust New York, NY | $79,816,371 | $674,210 |
The Carol A Ammon Foundation Albany, NY | $10,088,469 | $6,097,174 |