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 09/2023, Shu-Tung And Alice Li Foundation Inc generated $1.3m in total revenue. All expenses for the organization totaled $2.0m during the year ending 09/2023. While expenses have increased by 81.3% per year over the past 6 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
2023
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Shu-Tung Li Trustee | 40 | $175,000 | |
Alice Li Trustee | 5 | $0 | |
Tina Li Trustee | 40 | $133,932 | |
Peggy Hansen Trustee | 1 | $0 | |
Wei Chang Scientist | 40 | $92,033 | |
Nahid Okanovic Facility Manager | 40 | $96,287 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $1,168,690 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $131,962 |
Capital Gain Net Income | $131,962 |
Net ST Capital Gain | $417,481 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | -$4,210 |
Total Revenue | $1,296,442 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $308,932 |
Other employee salaries and wages | $531,463 |
Pension plans, employee benefits | $48,103 |
Interest | $116 |
Taxes | $97,004 |
Depreciation | $162,889 |
Occupancy | $284,326 |
Travel, conferences, and meetings | $6,594 |
Printing and publications | $0 |
Other expenses | $218,488 |
Total operating and administrative expenses | $1,993,525 |
Contributions, gifts, grants paid | $0 |
Total expenses and disbursements | $1,993,525 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $100,132 |
Savings and temporary cash investments | $937,734 |
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 | $850,778 |
Other assets | $28,162 |
Total assets | $48,036,166 |
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 | $28,088 |
Total liabilities | $28,088 |
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 |
PERLMAN MUSIC PURPOSE: PROMOTE MUSIC | $150 |
THE VALERIE FUND PURPOSE: CHILDERNS SPORTS | $1,000 |
ORTHOPAEDIC RESEARCH SOCIETY PURPOSE: MEDICAL RESEARCH | $1,750 |
AIMBE MISSION PURPOSE: MEDICAL RESEARCH | $2,000 |