Liangli Foundation
- Assets
- $4.9m
- Revenue
- $1.8m
- Investments
- $3.1m
- Employees
- 0
- Location
- Fremont, CA
- Founding
- 03/2011
- Data as of
- 10/2021
- EIN
- 27-4294818
Organization Overview
Liangli Foundation is located in Fremont, CA. The organization was established in 2011. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Liangli Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM TO ENHANCE THE EDUCATION FOR CHILDREN IN UNDERPRIVILEGED AREAS, INCLUDING RELATED ADMINISTRATIVE EXPENSES AND PROGRAM-RELATED INVESTMENTS.
PROGRAM TO SUPPORT LIABRARIES TO FURTHER ENHANCE THE EDUCATION FOR CHILDREAN IN UNDERPRIVILEGES AREAS, INCLUDING RELATED ADMINISTRATIVE EXPENSES AND PROGRAM-RELATED INVESTMENTS.
LOCAL PROGRAMS, INCLUDING RELATED ADMINISTRATIVE EXPENSES AND PROGRAM-RELATED INVESTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Huailiang Wang Director/secretary/treasurer | 21 | $0 | |
Lily C Zhang Director/president | 21 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $80 |
| Dividends & Interest | $11,446 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,814,788 |
| Capital Gain Net Income | $1,814,788 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,826,314 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,659 |
| Depreciation | $321 |
| Occupancy | $5,772 |
| Travel, conferences, and meetings | $2,827 |
| Printing and publications | $0 |
| Other expenses | $111,968 |
| Total operating and administrative expenses | $135,667 |
| Contributions, gifts, grants paid | $60 |
| Total expenses and disbursements | $135,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $318,711 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,760 |
| Other assets | $1,466,853 |
| Total assets | $4,933,386 |
| Accounts payable and accrued expenses | $11,458 |
| 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 | $290,264 |
| Total liabilities | $301,722 |
Grants Awarded
Over the last fiscal year, Liangli Foundation has awarded $60 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
IRVINGTON HIGH SCHOOL PURPOSE: TO SUPPORT EDUCATION | $30 |
Milpitas, CA PURPOSE: TO SUPPORT PROGRAM SERVICE | $30 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Recreation Centers Of Sun City West Inc Sun City West, AZ | $90,574,642 | $30,539,060 |
Recreation Centers Of Sun City Inc Sun City, AZ | $134,200,699 | $24,514,944 |
Summerlin Council Las Vegas, NV | $2,670,671 | $14,092,802 |
Elite Athlete Services Llc Chula Vista, CA | $1,496,608 | $8,695,406 |
Fort Mason Center San Francisco, CA | $56,018,448 | $12,125,879 |
Together We Rise Corporation Brea, CA | $12,918,832 | $8,918,064 |
Oakland Parks And Recreation Foundation Oakland, CA | $2,372,224 | $5,180,851 |
Revelation Wellness Foundation Phoenix, AZ | $2,310,255 | $2,402,674 |
Community Cycling Center Portland, OR | $977,321 | $2,001,865 |
Arizona Recreation Center For The Handicapped Phoenix, AZ | $9,226,834 | $2,236,160 |
Ciclavia Inc Los Angeles, CA | $239,557 | $1,284,171 |
Greater Santa Barbara Ice Skating Association Santa Barbara, CA | $13,267,140 | $1,024,865 |