Liwu Gift Foundation: FY2023 Nonprofit Profile & Form 990 (EIN 93-3092946)

Revenue by fiscal year
FY2023	$215K
FY2024	$20K

Net assets by fiscal year
FY2023	$212K
FY2024	$212K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

100%

Management & general 100% · $3K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation

Xiaoyang Wu

Vice President

$0Pt VII · Sec A

Xiaoyu Li

President

$0Pt VII · Sec A

See Liwu Gift Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports youths and families with education, emotional well-being, and financial aid.

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Provided by the organization

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1 program · in their own filed words · FY2023

01

Community Outreach and Awareness In 2023, the organization focused on establishing its presence and making the community aware of its mission. Activities included launching a website, creating social media pages, attending local events, distributing flyers, and meeting with potential partners and volunteers.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2024

Fidelity Investments Charitable Gift FundFY2024$16K

Total grants receivedfrom 1 funder$16K

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$215K

Ln 12

Gifts and grantsLn 1h$215K

Money outPt IX

$3K

Ln 25

Managementcol C$3K

Owns and owesPt X

$212K

net assets · Ln 32

Total assetsLn 16$215K

LiabilitiesLn 26$3K

PeoplePt VI, VII

2

listed · VII A

PaidVII A0

Voting boardVI 1a2

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$215K

Government grantsLn 1e$0

Noncash giftsLn 1g$215K

Fundraising eventsLn 1c$0

Total revenueLn 12$215K

Assets in detailPt X, end of year

Land, buildings, equipmentLn 10c$215K

Total assetsLn 16$215K

LiabilitiesLn 26$3K

Net assetsLn 32$212K

OperationsPt I, VI

EmployeesI 50

VolunteersI 62

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13Yes

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY23	End FY23
Land, buildings, equipmentLn 10c	$0	$215K
Total assetsLn 16	$0	$215K
LiabilitiesLn 26	$0	$3K
Net assetsLn 32	$0	$212K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Legal feesLn 11b	$3K		$3K
Depreciation, depletion and amortizationLn 22	$261		$261
Total functional expensesLn 25	$3K	$0	$3K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$20K			$212K	990 PDF
FY2023 Viewing	$215K	$3K	$212K	$212K	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2023 990 (6 parts)

Part I · Summary $215,000 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$215,000

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $0$215,000

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $0$2,817

I-18 Total expensesPrior year $0$2,817

I-19 Revenue less expensesPrior year $0$212,183

Part VI · Governance 2 of 2 board members independent, 4 to look at

VI-1a Voting members of the governing body2

VI-1b Independent voting members2

VI-2 Family or business relationship among officers or directorsYes

VI-12a Written conflict of interest policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-13 Written whistleblower policyYes

Part VIII · Statement of revenue $215,000 across 9 lines filed

VIII-1a Federated campaigns$0

VIII-1b Membership dues$0

VIII-1c Fundraising events$0

VIII-1d Related organizations$0

VIII-1e Government grants$0

VIII-1f All other contributions, gifts and grants$215,000

VIII-1g Noncash contributions (included above)$215,000

VIII-1h Total contributions, gifts and grants$215,000

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$215,000

Part IX · Statement of functional expenses $2,817 across 2 lines filed

IX-11b Legal feesManagement $2,556$2,556

IX-22 Depreciation, depletion and amortizationManagement $261$261

IX-25 Total functional expensesPrograms $0 · Management $2,817 · Fundraising $0$2,817

Part X · Balance sheet $214,739 assets, 8 lines filed

X-10c Land, buildings and equipment, netStart of year $0$214,739

X-16 Total assetsStart of year $0$214,739

X-17 Accounts payable and accrued expensesStart of year $0$2,556

X-26 Total liabilitiesStart of year $0$2,556

X-27 Net assets without donor restrictionsStart of year $0$212,183

X-28 Net assets with donor restrictionsStart of year $0$0

X-32 Total net assets or fund balancesStart of year $0$212,183

X-33 Total liabilities and net assetsStart of year $0$214,739

Part XI · Reconciliation of net assets $212,183 net assets at year end

XI-1 Total revenue$215,000

XI-2 Total expenses$2,817

XI-3 Revenue less expenses$212,183

XI-4 Net assets at start of year$0

XI-5 Net unrealized gains (losses) on investments$0

XI-6 Donated services and use of facilities$0

XI-7 Investment expenses$0

XI-8 Prior period adjustments$0

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$212,183

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Liwu Gift Foundation FY2023 filing

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