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Nonprofit · EIN 88-6757522

LI-HEGEMAN FAMILY FOUNDATION

Also known as SUSAN LI AND JOHN HEGEMAN TTEE

Tax-exempt · PALO ALTO, CA 94301

Financials

$7.6M$192K2023$22M$312K2024
Revenue Expenses · by fiscal year end
Financials of LI-HEGEMAN FAMILY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$21,993,938$312,492$21,681,446$31,899,864$0$31,899,864
December 31, 2023990-PF$7,582,568$191,827$7,390,741$12,082,129$0$12,082,129
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$16,129,349
Dividends
$150,083
Interest
$70
Net gain from sales of assets
$5,714,436

Expenses

Grants and similar amounts paid
$282,000
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$299,389
Excise tax on investment income
$81,426

Balance sheet and other

Total assets, start of year
$12,082,129
Total assets, end of year
$31,899,864
Total liabilities, end of year
$0
Net assets, end of year
$31,899,864
Fair market value of assets
$31,899,864
Qualifying distributions
$299,389
Net investment income
$5,864,589

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
SUSAN LI
1435 CHANNING AVE, PALO ALTO, CA 94301
TRUSTEE0.25$0
JOHN HEGEMAN
1435 CHANNING AVE, PALO ALTO, CA 94301
TRUSTEE0.25$0
990-PF for the year ended December 31, 2023: 2 people
NameTitleHours / weekCompensation
SUSAN LI
1435 CHANNING AVE, PALO ALTO, CA 94301
TRUSTEE0.25$0
JOHN HEGEMAN
1435 CHANNING AVE, PALO ALTO, CA 94301
TRUSTEE0.25$0

Address and contacts

Address (IRS master file)
1435 CHANNING AVE, PALO ALTO, CA 94301-3025
Signed the 990-PF
JOHN HEGEMAN, TRUSTEE
Phone
(650) 862-4309
Return prepared by
REALIZE CPA LLP

California records

California keeps its own records of charities and corporations. Search them by EIN 88-6757522 or by the name LI-HEGEMAN FAMILY FOUNDATION.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
88-6757522
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
2023
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$31,899,864
Income (IRS master file)
$30,189,921

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$21,993,938$312,492$31,899,864IRS
990-PFDecember 2023$7,582,568$191,827$12,082,129XML
990-PFDecember 2022–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 88-6757522).

Questions about LI-HEGEMAN FAMILY FOUNDATION

What is the EIN of LI-HEGEMAN FAMILY FOUNDATION?
The employer identification number (EIN) of LI-HEGEMAN FAMILY FOUNDATION is 88-6757522.
Is LI-HEGEMAN FAMILY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to LI-HEGEMAN FAMILY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does LI-HEGEMAN FAMILY FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of LI-HEGEMAN FAMILY FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LI-HEGEMAN FAMILY FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of LI-HEGEMAN FAMILY FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
How much revenue does LI-HEGEMAN FAMILY FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $21,993,938, expenses of $312,492 and total assets of $31,899,864 at year end.

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