Civic Intelligence

Tlbu Foundation Inc.

990 • Fiscal year 2021 • EIN 52-2242995

Feb 29, 2020 to Feb 28, 2021 • Filed on Feb 10, 2022

8029 Black Horse PikeWest Atlantic City, NJ 08232

(609) 641-3546

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

68th percentile

0.27x

Higher debt load relative to assets than 68% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

97th percentile

3.46x

Higher debt load relative to revenue than 97% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Net Margin

85th percentile

47%

Higher net margin than 85% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

38th percentile

$9,900

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Asset Growth

28th percentile

1.8%

Faster asset growth than 28% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

10th percentile

-30%

Faster revenue growth than 10% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$4,502,123

Up $77,887 (+1.8%) from 2020

Net Assets

Up

$3,282,499

Up $164,826 (+5.3%) from 2020

Liabilities

Down

$1,219,624

Down $86,939 (-6.7%) from 2020

Revenue

Down

$352,216

Down $152,882 (-30%) from 2020

Expenses

Down

$187,390

Down $181,700 (-49%) from 2020

Net Income

Up

$164,826

Up $28,818 (+21%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2012: $1,806,197Liabilities 2012: $705,267Net Assets 2012: $1,100,9302012Assets 2013: $3,959,467Liabilities 2013: $523,248Net Assets 2013: $3,436,2192013Assets 2014: $4,060,606Liabilities 2014: $523,248Net Assets 2014: $3,537,3582014Assets 2015: $3,348,452Liabilities 2015: $502,248Net Assets 2015: $2,846,2042015Assets 2016: $3,667,899Liabilities 2016: $744,100Net Assets 2016: $2,923,7992016Assets 2017: $3,602,809Liabilities 2017: $669,917Net Assets 2017: $2,932,8922017Assets 2018: $3,527,010Liabilities 2018: $597,787Net Assets 2018: $2,929,2232018Assets 2019: $4,301,276Liabilities 2019: $1,319,611Net Assets 2019: $2,981,6652019Assets 2020: $4,424,236Liabilities 2020: $1,306,563Net Assets 2020: $3,117,6732020Assets 2021: $4,502,123Liabilities 2021: $1,219,624Net Assets 2021: $3,282,4992021Assets 2022: $4,519,552Liabilities 2022: $1,123,382Net Assets 2022: $3,396,1702022Assets 2023: $4,438,732Liabilities 2023: $1,075,076Net Assets 2023: $3,363,6562023Assets 2024: $3,364,351Liabilities 2024: $323,744Net Assets 2024: $3,040,6072024Assets 2025: $2,194,563Liabilities 2025: $276,223Net Assets 2025: $1,918,3402025

Highlighted filing

2021

Assets$4,502,123
Liabilities$1,219,624
Net Assets$3,282,499

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2012: $43,769Expenses 2012: $392,265Net Income 2012: -$348,4962012Revenue 2013: $7,731,904Expenses 2013: $5,396,615Net Income 2013: $2,335,2892013Revenue 2014: $818,545Expenses 2014: $417,911Net Income 2014: $400,6342014Revenue 2015: -$52,021Expenses 2015: $639,133Net Income 2015: -$691,1542015Revenue 2016: $528,190Expenses 2016: $450,595Net Income 2016: $77,5952016Revenue 2017: $266,632Expenses 2017: $257,539Net Income 2017: $9,0932017Revenue 2018: $384,307Expenses 2018: $387,976Net Income 2018: -$3,6692018Revenue 2019: $380,076Expenses 2019: $327,634Net Income 2019: $52,4422019Revenue 2020: $505,098Expenses 2020: $369,090Net Income 2020: $136,0082020Revenue 2021: $352,216Expenses 2021: $187,390Net Income 2021: $164,8262021Revenue 2022: $272,643Expenses 2022: $158,972Net Income 2022: $113,6712022Revenue 2023: $130,568Expenses 2023: $163,082Net Income 2023: -$32,5142023Revenue 2024: $161,470Expenses 2024: $484,519Net Income 2024: -$323,0492024Revenue 2025: $18,289Expenses 2025: $1,140,556Net Income 2025: -$1,122,2672025

Highlighted filing

2021

Revenue$352,216
Expenses$187,390
Net Income$164,826
Jump To
Filing Snapshot
Filing Period
Feb 29, 2020 to Feb 28, 2021
Signed
Feb 10, 2022
Return Version
2020v4.2
Gross Receipts
$431,781
Mission and Program Overview

Mission

Provide direct/indirect scholarship for educating Asian elite students on U.S. Laws, as well as offering them with opportunities to promote active cultural, academic and societal interchange with American elite students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,474,746$3,439,082▼ $35,664
Other Notes and Loans Receivable, Net$873,848$966,867▲ $93,019
Loans From Officers Directors$515,136$491,637▼ $23,499
Cash and Non-Interest-Bearing Accounts$26,687$50,823▲ $24,136
Intangible Assets$48,955$45,351▼ $3,604
Total Assets$4,424,236$4,502,123▲ $77,887
Liabilities
Mortgage Notes Payable Secured by Investment Property$791,427$727,987▼ $63,440
Total Liabilities$1,306,563$1,219,624▼ $86,939
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,117,673$3,282,499▲ $164,826
Total Net Assets Fund Balance$3,117,673$3,282,499▲ $164,826
Total Liabilities and Net Assets / Fund Balance$4,424,236$4,502,123▲ $77,887

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,961,624-$1,961,624
Buildings$1,477,458$322,100$1,799,558
Other Land Buildings$0$6,800$6,800
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ya WangSecretary/TreasurerPT$9,900$9,900

Board Members and Trustees

NameTitle
Byung Hwa LyouPresident
Liang ChengDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$100,018
Program Service Revenue
$138,385
Investment Income
$71,326
Other Revenue
$42,487
All Other Contributions
$83,554
Change in Net Assets
$164,826
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$95,736
Other Expenses$58,221
Salaries, Compensation, and Employee Benefits$33,433
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$95,736--$95,736
Other Salaries and Wages$8,460$11,540-$20,000
Depreciation Depletion$18,164--$18,164
Occupancy$14,183--$14,183
Current Officers, Directors, Trustees, and Key Employees$5,400$5,400-$10,800
Fees for Services Other$8,807$680-$9,487
Insurance$3,290$1,053-$4,343
Payroll Taxes$1,185$1,448-$2,633
Fees for Services Accounting-$2,400-$2,400
Interest$1,807--$1,807
All Other Expenses$911$406-$1,317
Other Expenses$228$812-$1,040
Advertising-$450-$450
Travel$225--$225
Office Expenses-$61-$61
Total Functional Expenses$160,773$26,617$0$187,390
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$515,136$491,637▼ $23,499
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

All actions are documented & undertaken by the governing body. There is no other committee with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, line 11B

A complete copy of the Form 990 is provided to all the members of its governing body. The members then review the Form and direct any inquires/questions to the foundation personnel for resolution.

Form 990, Part VI, Section C, line 18

Form 990 is available upon request and can also be obtained via the website www.guidestar.org

Form 990, Part VI, Section C, line 19

The Governing documents are available for public inspection at the Corporation's address. Form 990 is available upon request and can also be obtained via the website www.guidestar.org

Filing and Contact Details

Filer

Filer Name
TLBU Foundation Inc
EIN
52-2242995
Phone
6096413546
Address
8029 Black Horse Pike, West Atlantic City, NJ 08232

Signing Officer

Name
Byung Hwa Lou
Title
President
Phone
4104283208
Signed
2022-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Byung Hwa Lou
Formed
2000
Legal Domicile
Md
Voting Board Members
2
Independent Board Members
2
Employees
3
Volunteers
0

Preparer

Firm
Capaldi Reynolds & Pelosi PA
Address
332 Tilton Road, Northfield, NJ 08225
Preparer
Donna H Buzby
Phone
6096414000
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0238403
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0405882
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0277010
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0275330
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0254401
IRS990ScheduleA/Total509Grp/TotalAmt01451026
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0414781
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0581956
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0422103
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0406035
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0287903
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02112778
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01477458
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0322100
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01799558
IRS990ScheduleD/LandGrp/BookValueAmt01961624
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01961624
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06800
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06800
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03439082
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt03236
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Direct & indirect scholarships to Asian elite students studying U.S. Laws at U.S. Universities.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt05
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0All educational and boarding expenses are paid directly to Universities & landlords. Deminimis personal expenses are not tracked.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part 1, Line2
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0250948
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1140714
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt299975
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Supporting the Tax-exempt activities of the organization
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1Supporting the Tax-exempt activities of the organization
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2Supporting the Tax-exempt activities of the organization
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0523248
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt112800
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt299975
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Byung Hwa Lou
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1Ya Wang
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2Hongbin Zhou
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0President
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Secretary/Treasurer
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2Alumni
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd21
IRS990ScheduleL/TotalBalanceDueAmt0491637
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0All actions are documented & undertaken by the governing body. There is no other committee with authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A complete copy of the Form 990 is provided to all the members of its governing body. The members then review the Form and direct any inquires/questions to the foundation personnel for resolution.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990 is available upon request and can also be obtained via the website www.guidestar.org
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Governing documents are available for public inspection at the Corporation's address. Form 990 is available upon request and can also be obtained via the website www.guidestar.org
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04424236
IRS990/TotalAssetsEOYAmt04502123
IRS990/TotalAssetsGrp/BOYAmt04424236
IRS990/TotalAssetsGrp/EOYAmt04502123
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0100018
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt026617
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0160773
IRS990/TotalFunctionalExpensesGrp/TotalAmt0187390
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01306563
IRS990/TotalLiabilitiesEOYAmt01219624
IRS990/TotalLiabilitiesGrp/BOYAmt01306563
IRS990/TotalLiabilitiesGrp/EOYAmt01219624
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03117673
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03282499
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0160773
IRS990/TotalProgramServiceRevenueAmt0138385
IRS990/TotalReportableCompFromOrgAmt09900
IRS990/TotalRevenueGrp/ExclusionAmt0113813
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0138385
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0352216
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04424236
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04502123
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0225
IRS990/TravelGrp/TotalAmt0225
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08029 Black Horse Pike
IRS990/USAddress/CityNm0West Atlantic City
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd008232
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-05-20 13:21:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Byung Hwa Lou

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.19$0.28$1.92$0.02$1.14$1.12
2024Detailed filing. Detailed filing data is available for this year.$3.36$0.32$3.04$0.16$0.48$0.32
2023Detailed filing. Detailed filing data is available for this year.$4.44$1.08$3.36$0.13$0.16$0.03
2022Detailed filing. Detailed filing data is available for this year.$4.52$1.12$3.40$0.27$0.16$0.11
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.50$1.22$3.28$0.35$0.19$0.16
2020Detailed filing. Detailed filing data is available for this year.$4.42$1.31$3.12$0.51$0.37$0.14
2019Detailed filing. Detailed filing data is available for this year.$4.30$1.32$2.98$0.38$0.33$0.05
2018Detailed filing. Detailed filing data is available for this year.$3.53$0.60$2.93$0.38$0.39$0.00
2017Detailed filing. Detailed filing data is available for this year.$3.60$0.67$2.93$0.27$0.26$0.01
2016Detailed filing. Detailed filing data is available for this year.$3.67$0.74$2.92$0.53$0.45$0.08
2015Summary only. Only limited summary data is available for this year.$3.35$0.50$2.85$0.05$0.64$0.69
2014Detailed filing. Detailed filing data is available for this year.$4.06$0.52$3.54$0.82$0.42$0.40
2013Summary only. Only limited summary data is available for this year.$3.96$0.52$3.44$7.73$5.40$2.34
2012Summary only. Only limited summary data is available for this year.$1.81$0.71$1.10$0.04$0.39$0.35