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Nonprofit · EIN 93-3092946

LIWU GIFT FOUNDATION

Tax-exempt · CARY, NC 27519

Financials

$215K$3K2023$20K$20K2024
Revenue Expenses · by fiscal year end
Financials of LIWU GIFT FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$20,070$19,806$264$217,447$5,000$212,447
December 31, 2023990 (amended)$215,000$2,817$212,183$214,739$2,556$212,183
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,000
Program service revenue
$0
Investment income
$18,070
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fees and payments to contractors
$11,600
Other expenses
$8,206
Program services (functional)
$11,600

Balance sheet and other

Total assets, start of year
$214,739
Total assets, end of year
$217,447
Total liabilities, end of year
$5,000
Net assets, end of year
$212,447
Cash, savings and investments
$1,636
Land and buildings
$208,485
Gross receipts
$20,070

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-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Xiaoyang WuVice President3$0
Xiaoyu LiPresident4$0
990 for the year ended December 31, 2023: 2 people
NameTitleHours / weekCompensation
Xiaoyang WuVice President
Trustee or director
2$0
Xiaoyu LiPresident
Trustee or director
2$0

Address and contacts

Address (IRS master file)
417 RENSWORTH CT, CARY, NC 27519-8971
Mailing address (990-N for 2023)
417 Rensworth Ct, Cary NC 27519
Principal officer (990-N for 2023)
Xiaoyang Wu, 417 Rensworth Ct, Cary NC 27519
Signed the 990-EZ
Xiaoyang Wu, Vice President
Phone
(919) 335-8236

Mission

We provide educational, emotional, and financial support to enhance the lives of youths and families. Established in August 2023, we focused on raising awareness in the community to secure donations. Future funds will support youth sports, education, and match sponsorships, including hosting matches and classroom education.

990-EZ for the year ended December 31, 2024

Program accomplishments

  • This year, the organization significantly enhanced its public engagement and fundraising capabilities by developing a new website. This platform serves as a vital tool for disseminating information about our mission and programs, improving accessibility for the community we serve. Some specific functions like volunteer sign-ups is still under construction. Concurrently, we actively conducted community outreach initiatives to secure donations essential for funding our exempt-purpose activities. These combined efforts in digital presence and direct engagement have expanded our reach and strengthened our ability to provide educational and sport related resources.
    Expenses $11,600 · grants $12,000
  • This year, our organization actively engaged with youth in the local community by hosting four recreational events featuring Table Tennis and Pickleball. These events provided a fun and healthy environment for over 10 kids to participate in sports. This also served as an effective outreach opportunity, allowing us to introduce them and their families to our organization's mission to provide accessible recreational and developmental activities for youth. Through these activities, we fostered community spirit and increased awareness of our programs available to neighborhood residents.
    grants $200

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-EZ on file
2023December 31, 2023May 15, 2024990-N on file

IRS record

EIN
93-3092946
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2024
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$217,447
Income (IRS master file)
$20,070

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$20,070$19,806$217,447IRS
990-N for 2023
Officer: Xiaoyang Wu
December 31, 2023≤ $50,000 receipts––e-Postcard
990December 2023$215,000$2,817$214,739IRS

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 93-3092946).

Questions about LIWU GIFT FOUNDATION

What is the EIN of LIWU GIFT FOUNDATION?
The employer identification number (EIN) of LIWU GIFT FOUNDATION is 93-3092946.
Is LIWU GIFT FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
Are donations to LIWU GIFT FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LIWU GIFT FOUNDATION file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of LIWU GIFT 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 LIWU GIFT FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who is the principal officer of LIWU GIFT FOUNDATION?
The 990-N for 2023 names Xiaoyang Wu.
Who are the officers and directors of LIWU GIFT FOUNDATION?
The 990-EZ for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
How much revenue does LIWU GIFT FOUNDATION have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $20,070, expenses of $19,806 and total assets of $217,447 at year end.

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