Civic Intelligence

The Liger Charitable Foundation

990 • Fiscal year 2023 • EIN 80-0449252

Aug 01, 2022 to Jul 31, 2023 • Filed on Jun 14, 2024

68 White St 7-284Red Bank, NJ 07701

(212) 255-3234

Siviq Scores

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

Liabilities / Assets

94th percentile

0.78x

Higher debt load relative to assets than 94% of similar nonprofits.

2023 filings • NTEE Q • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

95th percentile

0.80x

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

2023 filings • NTEE Q • $1M-$5M nonprofits • Source year 2023

Net Margin

89th percentile

43%

Higher net margin than 89% of similar nonprofits.

2023 filings • NTEE Q • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

82nd percentile

$147,395

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2023 filings • NTEE Q • $1M-$5M nonprofits • Source year 2023

Asset Growth

13th percentile

-25%

Faster asset growth than 13% of similar nonprofits.

2023 filings • NTEE Q • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

99th percentile

1948%

Faster revenue growth than 99% of similar nonprofits.

2023 filings • NTEE Q • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$3,305,457

Down $1,092,883 (-25%) from 2022

Net Assets

Up

$741,612

Up $1,375,833 (+217%) from 2022

Liabilities

Down

$2,563,845

Down $2,468,716 (-49%) from 2022

Revenue

Up

$3,223,552

Up $3,066,159 (+1948%) from 2022

Expenses

Up

$1,847,719

Up $379,653 (+26%) from 2022

Net Income

Up

$1,375,833

Up $2,686,506 (+205%) from 2022

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

2023

Assets$3,305,457
Liabilities$2,563,845
Net Assets$741,612

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

2023

Revenue$3,223,552
Expenses$1,847,719
Net Income$1,375,833
Jump To
Filing Snapshot
Filing Period
Aug 1, 2022 to Jul 31, 2023
Signed
Jun 14, 2024
Return Version
2022v5.0
Gross Receipts
$3,223,552
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
Land, Buildings, and Equipment, Net$2,691,614$2,634,341▼ $57,273
Loans From Officers Directors$5,000,000$2,500,000▼ $2,500,000
Cash and Non-Interest-Bearing Accounts$1,698,838$592,263▼ $1,106,575
Prepaid Expenses and Deferred Charges$7,888$78,853▲ $70,965
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$4,398,340$3,305,457▼ $1,092,883
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$32,561$63,845▲ $31,284
Total Liabilities$5,032,561$2,563,845▼ $2,468,716
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-674,966$706,015▲ $1,380,981
Net Assets With Donor Restrictions$40,745$35,597▼ $5,148
Total Net Assets Fund Balance$-634,221$741,612▲ $1,375,833
Total Liabilities and Net Assets / Fund Balance$4,398,340$3,305,457▼ $1,092,883

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,086,677$488,835$2,575,512
Land$535,835-$535,835
Equipment$11,829$268,653$280,482
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dominic Sharpe-see Supporting DetaiCountry DirectorFT$95,550$51,845$147,395

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
$3,223,140
Program Service Revenue
$412
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,223,140
Change in Net Assets
$1,375,833

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,223,552
Total Revenue per Audited Statements
$3,223,552
Total Revenue per Form 990
$3,223,552
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,040,268
Other Expenses$780,047
Grants and Similar Amounts Paid$27,404
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$594,396--$594,396
Other Employee Benefits$323,735--$323,735
Current Officers, Directors, Trustees, and Key Employees$95,550--$95,550
Fees for Services Management-$84,000-$84,000
Occupancy$64,752--$64,752
Interest$54,397$4,214-$58,611
Depreciation Depletion$57,273--$57,273
Information Technology$26,228$5,232-$31,460
Foreign Grants$27,404--$27,404
Travel$23,811--$23,811
Payroll Taxes$23,647--$23,647
Fees for Services Accounting-$16,516-$16,516
Office Expenses$9,602$1,541-$11,143
Fees for Services Other-$7,787-$7,787
Conferences and Meetings$6,548--$6,548
Other Expenses$5,231$5,988-$5,988
Advertising-$4,866-$4,866
Insurance$2,698$668-$3,366
Pension Plan Contributions$2,940--$2,940
Fees for Services Legal-$1,100-$1,100
Total Functional Expenses$1,714,861$132,858$0$1,847,719

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,847,719
Total Expenses per Audited Statements$1,847,719
Total Expenses per Form 990$1,847,719
International Activity

International Summary

Offices
1
Employees
40
Spending
$1,714,861

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 ServicesSchool140$1,714,861
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$39,962
Liger Investments LimitedCommonInterest on LoanNo$18,649

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$5,000,000$2,500,000▼ $2,500,000
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, Section A, Line 2

Trevor gile and agnieszka tynkiewicz-gile are husband and wife

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

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, Section B, Line 12C

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

Form 990, Part VI, Section B, Line 15A

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, Section B, Line 15B

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, Section C, Line 19

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
68 WHITE ST 7-284, RED BANK, NJ 07701

Signing Officer

Name
Trevor Gile
Title
Chairman
Signed
2024-06-14
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
4
Volunteers
3

Preparer

Firm
Kalmus Siegel Harris & Goldfarb LLP
Address
585 Stewart Ave Ste 550, Garden City, NY 11530
Preparer
Kenneth Kalmus CPA
Phone
5167066100
Supplemental Narrative

Additional Explanations

Statement Note 1

Form 990 part v question 2a- number of employeesthe number of employees reported include 4 us citizens working in cambodia and 36 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 2022-23, LLA PROVIDED FULL RESIDENTIAL AND EDUCATIONAL SCHOLARSHIPS TO 113 STUDENTS. AS PART OF THESE SCHOLARSHIPS, STUDENTS RECEIVED A COMPREHENSIVE, INTERNATIONALLY COMPETITIVE EDUCATION WITH A FOCUS ON INNOVATIVE LEADERSHIP, STEAM, 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 SIX STUDENTS, AND PROVIDED LOANS TO FIVE 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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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/TypeOfAssistanceTxt0EDUCATIONAL EXPENSE LOANS
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt1TUITION AND FEE GRANTS
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0TREVOR AND AGNIESZKA GILE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1LIGER INVESTMENTS LIMITED
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0CHAIR & PRES
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0CHAIR&PRES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1COMMON
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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. ON DECEMBER 16 2022 THE PARTIES SIGNED AN AGREEMENT TO FORGIVE $3,000,000 OF THE OUTSTANGING INDEBTEDNESS ON THE LOAN.ON JANUARY 31 2023, THE PARTIES SIGNED AN ASSIGNMENT OF LOAN DOCUMENTS TO TRANSFER THE $2,000,000 OF THE OUTSTANDING INDEBTEDNESS ON THE LOAN TO LIGER INVESTMENTS LIMITED.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TREVOR GILE AND AGNIESZKA TYNKIEWICZ-GILE ARE HUSBAND AND WIFE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EMAIL OF FORM 990 IS SENT TO ALL DIRECTORS AND OFFICERS FOR REVIEW, DISCUSSION AND APPROVAL PRIOR TO FILING OF RETURN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2the board reviews at the annual meeting and re-signs the policy at the annual meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3the board reviews in advance any such compensation packages, in compliance with Treasury Regulations section 53.4958-6(c)(3)(i)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4the board reviews in advance any such compensation packages, in compliance with Treasury Regulations section 53.4958-6(c)(3)(i)

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