Liao Family Charity Foundation
- Assets
- $0.0
- Revenue
- $14.3k
- Investments
- $316.8k
- Employees
- 0
- Location
- Fremont, CA
- Founding
- 06/2018
- Data as of
- 06/2021
- EIN
- 82-2348568
Organization Overview
Liao Family Charity Foundation is located in Fremont, CA. The organization was established in 2018. 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. Liao Family Charity 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 06/2021, Liao Family Charity Foundation generated $14.3k 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 (40.1%) each year. All expenses for the organization totaled $26.5k during the year ending 06/2021. 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
N/A
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeenlong Liao CEO | 6 | $0 | |
Grace Jean Liao Board Director | 0 | $0 | |
Jean Khimchin Liao CFO | 5 | $0 | |
Alice Liao Board Director | 0 | $0 | |
Thomas Jeffrey Liao Secretary | 0 | $0 | |
Jessica Angelina Liao Board Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $12,508 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,349 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $1,487 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $26,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,183 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Liao Family Charity Foundation has awarded $25,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SERA JEY FOUNDATION PURPOSE: DONATION | $10,000 |
TIBETAN CENTER FOR COMPASSION AND WISDOM PURPOSE: DONATION | $10,000 |
TIBETAN MONGOLIAN BUDDHIST CULTURAL CENTER PURPOSE: DONATIONS | $5,000 |