Chen Li Foundation
- Assets
- $549.2k
- Revenue
- $152.1k
- Investments
- $541.5k
- Employees
- 0
- Location
- Redwood City, CA
- Founding
- Data as of
- 12/2023
- EIN
- 87-2717835
Organization Overview
Chen Li Foundation is located in Redwood City, CA. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chen Li 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, Chen Li Foundation generated $152.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (26.6%) each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yi Chen President | 0 | $0 | |
Linshan Li Secretary | 0 | $0 | |
Jinxing Chen Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,055 |
| Interest on Savings | $6,259 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $45,808 |
| Capital Gain Net Income | $51,192 |
| Net ST Capital Gain | $40,727 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $152,122 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $102 |
| Total operating and administrative expenses | $4,828 |
| Contributions, gifts, grants paid | $2,265 |
| Total expenses and disbursements | $7,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,641 |
| 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 | $541,515 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $549,156 |
| Accounts payable and accrued expenses | $3,480 |
| 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 | $0 |
| Total liabilities | $3,480 |
Grants Awarded
Over the last fiscal year, Chen Li Foundation has awarded $2,265 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
HILLER AVIATION INSTITUTE PURPOSE: DONATION | $105 |
THE TECH INTERACTIVE PURPOSE: DONATION | $130 |
STRATFORD SCHOOL PURPOSE: DONATION | $486 |
SECOND HARVEST OF SILICON VALLEY PURPOSE: DONATION | $1,500 |
THE FAMILY GIVING TREE PURPOSE: DONATION | $44 |