Civic Intelligence

The Liger Charitable Foundation

990 • Fiscal year 2021 • EIN 80-0449252

Aug 01, 2020 to Jul 31, 2021 • Filed on Jun 14, 2022

213 US Hwy 35 2BRed Bank, NJ 07701

(212) 255-3234

Siviq Scores

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

Liabilities / Assets

95th percentile

0.85x

Higher debt load relative to assets than 95% of similar nonprofits.

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

Liabilities / Revenue

100th percentile

21.12x

Higher debt load relative to revenue than 100% of similar nonprofits.

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

Net Margin

2nd percentile

-705%

Higher net margin than 2% of similar nonprofits.

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

Top Officer Pay

84th percentile

$159,641

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 89.4% of source-year revenue.

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

Asset Growth

42nd percentile

11%

Faster asset growth than 42% of similar nonprofits.

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

Revenue Growth

93rd percentile

183%

Faster revenue growth than 93% of similar nonprofits.

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

Assets

Up

$4,448,747

Up $450,237 (+11%) from 2020

Net Assets

Down

$676,452

Down $1,259,395 (-65%) from 2020

Liabilities

Up

$3,772,295

Up $1,709,632 (+83%) from 2020

Revenue

Up

$178,606

Up $115,498 (+183%) from 2020

Expenses

Down

$1,438,001

Down $345,090 (-19%) from 2020

Net Income

Up

-$1,259,395

Up $460,588 (+27%) 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$0-$2.0MAssets 2010: $588,866Liabilities 2010: $8,443Net Assets 2010: $580,4232010Assets 2011: $1,590,430Liabilities 2011: $44,487Net Assets 2011: $1,545,9432011Assets 2013: $1,826,700Liabilities 2013: $13,136Net Assets 2013: $1,813,5642013Assets 2015: $2,218,257Liabilities 2015: $109,890Net Assets 2015: $2,108,3672015Assets 2016: $3,578,603Liabilities 2016: $239,515Net Assets 2016: $3,339,0882016Assets 2017: $3,695,167Liabilities 2017: $69,591Net Assets 2017: $3,625,5762017Assets 2018: $3,640,940Liabilities 2018: $46,691Net Assets 2018: $3,594,2492018Assets 2019: $3,714,921Liabilities 2019: $59,091Net Assets 2019: $3,655,8302019Assets 2020: $3,998,510Liabilities 2020: $2,062,663Net Assets 2020: $1,935,8472020Assets 2021: $4,448,747Liabilities 2021: $3,772,295Net Assets 2021: $676,4522021Assets 2022: $4,398,340Liabilities 2022: $5,032,561Net Assets 2022: -$634,2212022Assets 2023: $3,305,457Liabilities 2023: $2,563,845Net Assets 2023: $741,6122023Assets 2024: $2,836,600Liabilities 2024: $3,728,553Net Assets 2024: -$891,9532024

Highlighted filing

2021

Assets$4,448,747
Liabilities$3,772,295
Net Assets$676,452

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $287,4792010Expenses 2011: $423,7852011Expenses 2013: $1,395,4222013Revenue 2015: $1,385,197Expenses 2015: $1,239,109Net Income 2015: $146,0882015Revenue 2016: $2,686,355Expenses 2016: $1,455,634Net Income 2016: $1,230,7212016Revenue 2017: $2,138,066Expenses 2017: $1,851,584Net Income 2017: $286,4822017Revenue 2018: $1,940,203Expenses 2018: $1,971,524Net Income 2018: -$31,3212018Revenue 2019: $1,943,441Expenses 2019: $1,881,860Net Income 2019: $61,5812019Revenue 2020: $63,108Expenses 2020: $1,783,091Net Income 2020: -$1,719,9832020Revenue 2021: $178,606Expenses 2021: $1,438,001Net Income 2021: -$1,259,3952021Revenue 2022: $157,393Expenses 2022: $1,468,066Net Income 2022: -$1,310,6732022Revenue 2023: $3,223,552Expenses 2023: $1,847,719Net Income 2023: $1,375,8332023Revenue 2024: $177,578Expenses 2024: $1,811,143Net Income 2024: -$1,633,5652024

Highlighted filing

2021

Revenue$178,606
Expenses$1,438,001
Net Income-$1,259,395
Jump To
Filing Snapshot
Filing Period
Aug 1, 2020 to Jul 31, 2021
Signed
Jun 14, 2022
Return Version
2020v4.0
Gross Receipts
$178,606
Mission and Program Overview

Mission

Creating a brighter future by realizing the potential of a promising child. The Liger Charitable Foundation supports education of promising youth of today to develop socially conscious, entrepreneurial leaders of tomorrow. Our students are catalysts for effective change in their local, national and international communities. As global economic inequality and wealth disparity continue to grow, Liger recognizes the critical need to identify and develop these future leaders. We believe that a meaningful investment in the right few will change the lives of many.

The Liger Charitable Foundation supports the education of promising youth to develop socially conscious, entrepreneurial leaders of tomorrow. Our first project is the Liger Leadership Academy in Cambodia

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$2,040,000$3,740,000▲ $1,700,000
Land, Buildings, and Equipment, Net$2,783,369$2,729,215▼ $54,154
Cash and Non-Interest-Bearing Accounts$1,183,641$1,710,963▲ $527,322
Prepaid Expenses and Deferred Charges$31,500$8,569▼ $22,931
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$3,998,510$4,448,747▲ $450,237
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$22,663$32,295▲ $9,632
Total Liabilities$2,062,663$3,772,295▲ $1,709,632
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,935,847$610,212▼ $1,325,635
Net Assets With Donor Restrictions-$66,240-
Total Net Assets Fund Balance$1,935,847$676,452▼ $1,259,395
Total Liabilities and Net Assets / Fund Balance$3,998,510$4,448,747▲ $450,237

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,193,380$380,466$2,573,846
Land$535,835-$535,835
Equipment-$265,058$265,058
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dominic Sharpe-see Supporting DetaiCountry DirectorFT$91,000$68,641$159,641

Board Members and Trustees

NameTitle
Trevor GileChairman
Agnieszka Tynkiewicz-gilePresident/secy
Bambi BettsDirector
Monte SniderDirector
Martin TimminsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$177,723
Program Service Revenue
$883
Investment Income
$0
Other Revenue
$0
All Other Contributions
$177,723
Change in Net Assets
$-1,259,395

Audited Revenue Reconciliation

Revenue per Audited Statements
$178,606
Total Revenue per Audited Statements
$178,606
Total Revenue per Form 990
$178,606
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$848,066
Other Expenses$549,785
Grants and Similar Amounts Paid$40,150
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$549,662--$549,662
Other Employee Benefits$190,110--$190,110
Fees for Services Management-$111,500-$111,500
Current Officers, Directors, Trustees, and Key Employees$91,000--$91,000
Interest-$57,083-$57,083
Depreciation Depletion$54,154--$54,154
Occupancy$46,597--$46,597
Foreign Grants$40,150--$40,150
Information Technology$24,885$5,514-$30,399
Travel$15,406--$15,406
Advertising-$14,654-$14,654
Payroll Taxes$14,494--$14,494
Fees for Services Accounting-$13,263-$13,263
Office Expenses$4,843$983-$5,826
Other Expenses$3,281$821-$4,102
Insurance$2,505$635-$3,140
Conferences and Meetings$3,067--$3,067
Pension Plan Contributions$2,800--$2,800
Fees for Services Legal-$2,237-$2,237
Fees for Services Other-$986-$986
Total Functional Expenses$1,221,180$216,821$0$1,438,001

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,438,001
Total Expenses per Audited Statements$1,438,001
Total Expenses per Form 990$1,438,001
International Activity

International Summary

Offices
1
Employees
44
Spending
$1,221,180

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
CambodiaProgram ServicesSchool144$1,221,180
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Trevor and Agnieszka GileChair & PresInterest on LoanNo$57,083

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$2,040,000$3,740,000▲ $1,700,000
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Trevor gile and agnieszka tynkiewicz-gile are husband and wife

Form 990, Part VI, Line 11B: Form 990 Review Process

Email of form 990 is sent to all directors and officers for review, discussion and approval prior to filing of return

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

the board reviews at the annual meeting and re-signs the policy at the annual meeting

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

the board reviews in advance any such compensation packages, in compliance with Treasury Regulations section 53.4958-6(c)(3)(i)

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

the board reviews in advance any such compensation packages, in compliance with Treasury Regulations section 53.4958-6(c)(3)(i)

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Forms 990/990pf are available to public via guidestar.comfinancial statements are supplied to the public upon request

Filing and Contact Details

Filer

Filer Name
The Liger Charitable Foundation
EIN
80-0449252
Phone
2122553234
Address
213 US HWY 35 2B, RED BANK, NJ 07701

Signing Officer

Name
Trevor Gile
Title
Chairman
Signed
2022-06-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Trevor Gile
Formed
2009
Legal Domicile
De
Voting Board Members
5
Independent Board Members
3
Employees
44
Volunteers
1

Preparer

Firm
Kalmus Siegel Harris & Goldfarb LLP
Address
585 Stewart Ave Ste 550, Garden City, NY 11530
Preparer
Kenneth Kalmus CPA
Phone
5162272525
Supplemental Narrative

Additional Explanations

Client Note 1

Client Note 1 - FORM 990 PART V QUESTION 2A- NUMBER OF EMPLOYEESTHE NUMBER OF EMPLOYEES REPORTED INCLUDE 4 US CITIZENS WORKING IN CAMBODIA AND 40 EMPLOYEES WHO ARE NOT US CITIZENS WORKING IN CAMBODIA.

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IRS990/Desc0THE LIGER CHARITABLE FOUNDATIONS PRIMARY PROJECT IS THE LIGER LEADERSHIP ACADEMY (LLA) IN PHNOM PENH, CAMBODIA. IN 2020-21, LLA PROVIDED FULL RESIDENTIAL AND EDUCATIONAL SCHOLARSHIPS TO 53 STUDENTS. AS PART OF THESE SCHOLARSHIPS, STUDENTS RECEIVED A COMPREHENSIVE, INTERNATIONALLY COMPETITIVE EDUCATION WITH A FOCUS ON INNOVATIVE LEADERSHIP, STEM, AND ENTREPRENEURSHIP, AS WELL AS ROOM AND BOARD, CLOTHING, HEALTH CARE AND INSURANCE, VACCINATIONS, TRANSPORTATION AND SCHOOL SUPPLIES. ADDITIONALLY, THE LIGER CHARITABLE FOUNDATION PROVIDED TUITION AND FEES GRANTS TO SEVEN STUDENTS, HOUSED 20 LLA ALUMNI ON CAMPUS TO ENABLE THEIR REMOTE UNIVERSITY STUDIES DURING WORLDWIDE COVID RESTRICTIONS, AND PROVIDED LOANS TO NINE LLA ALUMNI FOR UNIVERSITY TUITION, FEES, ROOM, BOARD, EDUCATION SUPPLIES, TRANSPORTATION AND OTHER GENERAL LIVING EXPENSES.LLA STAFF TAUGHT ESSENTIAL SUBJECT CLASSES AND PROJECT BASED LEARNING MODULES CALLED EXPLORATIONS. MANY OF THESE HANDS-ON, INTERDISCIPLINARY PROJECTS WERE AIMED AT PROBLEM-SOLVING AND CREATING POSITIVE CHANGE IN CAMBODIA AND REQUIRED STUDENTS TO INTERACT WITH LOCAL COMMUNITIES. STUDENTS TOOK TRIPS OFF-CAMPUS FOR RESEARCH, COMMUNITY SURVEYING, PROJECT IMPLEMENTATION AND NETWORKING; IN ADDITION, STUDENTSTRAVELED FOR INTERNATIONAL STEM COMPETITIONS.LIGER ASKS ITS STUDENTS TO COMMIT TO IMPROVING CAMBODIA WHILE AT LIGER AND AFTER GRADUATION. AT THE CONCLUSION OF EACH SCHOOL YEAR, EVERY STUDENT MUST ANSWER THE QUESTION: HOW DID I HELP CHANGE CAMBODIA? LIGERS GOAL IS TO ASSIST IN THE DEVELOPMENT OF CAMBODIA BY AMPLIFYING THE HUMAN POTENTIAL OF ITS YOUTH - MOLDING WELL-ROUNDED, EDUCATED AND EMPATHETIC GRADUATES WHO HAVE THE ABILITY AND COMMITMENT TO TRANSFORMTHEIR COUNTRY.
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IRS990/MissionDesc0Creating a brighter future by realizing the potential of a promising child. The Liger Charitable Foundation supports education of promising youth of today to develop socially conscious, entrepreneurial leaders of tomorrow. Our students are catalysts for effective change in their local, national and international communities. As global economic inequality and wealth disparity continue to grow, Liger recognizes the critical need to identify and develop these future leaders. We believe that a meaningful investment in the right few will change the lives of many.
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IRS990/ProgSrvcAccomActy2Grp/Desc0LIGER STUDENTS RESEARCHED, AUTHORED AND DESIGNED 3 DUAL-LANGUAGE BOOKS TO BE CREDIBLE SOURCES OF INFORMATION ABOUT CAMBODIA (THE CAMBODIAN ECONOMY, THE ILLUSTRATED GUIDE TO WILDLIFE OF CAMBODIA AND THE GEOGRAPHY OF CAMBODIA) WHICH ARE AVAILABLE FOR SALE IN CAMBODIAN AND INTERNATIONAL BOOKSTORES.
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The Liger Charitable Foundation sends a letter to each Cambodian province education department which outlines student recruitment and includes the foundation's nondiscriminatory policy.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0CAMBODIA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0SCHOOL
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
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IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt0BANK TRANSFERS
IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt1BANK TRANSFERS
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IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt0CAMBODIA
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IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt0EDUCATIONAL EXPENSE LOANS
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt1TUITION AND FEE GRANTS
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DOMINIC SHARPE-SEE SUPPORTING DETAI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0COUNTRY DIRECTOR
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IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 1a: Relevant information in regards to selections on 1a.
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0TREVOR AND AGNIESZKA GILE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0CHAIR & PRES
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0INTEREST ON LOAN
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0PAY EXPS
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0TREVOR AND AGNIESZKA GILE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0CHAIR&PRES
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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION SIGNED A SECURED LOAN AGREEMENT WITH MR. TREVOR GILE AND MRS. AGNIESZKA TYNKIEWICZ-GILE FOR THE PURPOSE OF FUNDING THE GENERAL EXPENSES OF THE LIGER LEADERSHIP ACADEMY. ALL INTEREST FROM THE LOAN WILL BE DONATED TO THE FOUNDATION.

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