Li And Xu Foundation
- Assets
- $603.7k
- Revenue
- $85.6k
- Investments
- $572.8k
- Employees
- 0
- Location
- Saratoga, CA
- Founding
- 01/2009
- Data as of
- 09/2023
- EIN
- 26-3569648
Organization Overview
Li And Xu Foundation is located in Saratoga, CA. The organization was established in 2009. 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 And Xu 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 09/2023, Li And Xu Foundation generated $85.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $36.1k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hongguo Li President & CEO | 4 | $0 | |
Ling Xu Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $41,699 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,094 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,724 |
| Capital Gain Net Income | $36,724 |
| Net ST Capital Gain | $36,724 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,097 |
| Total Revenue | $85,614 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2,226 |
| Taxes | $8,285 |
| Depreciation | $178 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,760 |
| Printing and publications | $0 |
| Other expenses | $10,082 |
| Total operating and administrative expenses | $36,086 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $36,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,736 |
| Savings and temporary cash investments | $0 |
| 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 | $51,132 |
| Net Land, buildings, and equipment | $203 |
| Other assets | $0 |
| Total assets | $603,717 |
| Accounts payable and accrued expenses | $1,212 |
| 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 | $96 |
| Total liabilities | $1,308 |
Grants Awarded
Over the last fiscal year, Li And Xu Foundation has awarded $1,985 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BE THE CHANGE FOUNDATION PURPOSE: TO PROVIDE COMPUTERS FOR PRIVILEGED KIDS TO ATTEND ONLINE CLASSES. | $1,885 |
SECOND HARVEST FOOD BANK PURPOSE: LEAD OUR COMMUNITY TO ENSURE THAT ANYONE WHO NEEDS A HEALTHY MEAL CAN GET ONE. | $100 |