Lingzi Foundation
- Assets
- $355.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 03/2014
- Data as of
- 12/2023
- EIN
- 46-4756983
Organization Overview
Lingzi Foundation is located in Boston, MA. The organization was established in 2014. According to its NTEE Classification (T30) the organization is classified as: Public 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. Lingzi 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 12/2023, Lingzi Foundation generated $150.1k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 26.2% each year . All expenses for the organization totaled $95.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION GRANTED FUNDS TO THE POLICE ATHLETIC LEAGUE WHICH WORKS HAND IN HAND WIHT THE BOSTON POLICE DEPARTMENT TO PROVIDE AN ARRAY OF PRORGRAMS AND ACTIVITIES FOR YOUNG PEOPLE TI BRING YOUTHS OF DIVERSE CULTURES AND BACKGROUNDS TOGETHER TO ENRICH THEIR LEARNING EXPERIENCES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen Jinyan Zhao President | 1 | $0 | |
Sherman Yee Treasurer | 1 | $0 | |
Lori Leyden Director | 1 | $0 | |
Kenneth Proudfoot Director | 1 | $0 | |
Willis G Wang Director | 1 | $0 | |
John H Chu Assistant Clerk And Direct | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $144,965 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $5,136 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $150,101 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $15,000 |
| Professional fees and other payments to independent contractors | $2,600 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $38,074 |
| Total expenses | $95,174 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $130,401 |
| Other assets | $0 |
| Total assets | $355,102 |
| Total liabilities | $0 |
| Net assets or fund balances | $355,102 |