Li-Qiu Family Foundation
- Assets
- $7.8m
- Revenue
- $99.7k
- Investments
- $7.5m
- Employees
- 0
- Location
- Andover, MA
- Founding
- Data as of
- 12/2022
- EIN
- 87-3229097
Organization Overview
Li-Qiu Family Foundation is located in Andover, MA. 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-Qiu Family 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 12/2022, Li-Qiu Family Foundation generated $99.7k in total revenue.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,010 |
| Dividends & Interest | $138,912 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$44,180 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,911 |
| Total Revenue | $99,653 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $15,183 |
| Pension plans, employee benefits | $108 |
| Interest | $0 |
| Taxes | $7,937 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $976 |
| Printing and publications | $0 |
| Other expenses | $2,063 |
| Total operating and administrative expenses | $50,479 |
| Contributions, gifts, grants paid | $289,232 |
| Total expenses and disbursements | $339,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $253,819 |
| 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 | $7,513,409 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,767,228 |
| Accounts payable and accrued expenses | $5,457 |
| 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 | $1,803 |
| Total liabilities | $7,260 |
Grants Awarded
Over the last fiscal year, Li-Qiu Family Foundation has awarded $289,232 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
LAWRENCE NEIGHBORHOOD ASSOCIATION PARTNERSHIP PURPOSE: FIREWORKS FOR 4TH OF JULY NEIGHBORHOOD CELEBRATION | $1,000 |
ROBOTICS FOR ALL PURPOSE: VEX GO ROBOTICS KITS FOR ELEMENTARY SCHOOL AFTER-SCHOOL CLUB CLASSES | $10,000 |
BETHANY COMMUNITY SEVICES PURPOSE: EXPENSES FOR SENIOR HOME RESIDENTS TO TAKE ARTS/CULTURE ENRICHMENT TRIPS AND INVITE GUEST SPEAKERS/ACTIVITIES | $11,000 |
TEAM HAVERHILL PURPOSE: OPERATING EXPENSES FOR VOLUNTEER ARTS AND COMMUNITY ENRICHMENT ORGANIZATION | $7,232 |
NATIONAL PHILANTHROPIC TRUST PURPOSE: CONTRIBUTION TO DONOR-ADVISED FUND | $50,000 |
CREATIVE HAVERHILL PURPOSE: NATIONAL PHILANTHROPIC TRUST | $100,000 |