Civic Intelligence

Liu Shiming Art Foundation

990EZ • Fiscal year 2021 • EIN 87-2425228

Aug 25, 2021 to Dec 31, 2021 • Filed on Aug 12, 2022

Organization ProfileWWW.LSMARTFUND.ORG
15 East 40th Street FL 2New York, NY 10016

(917) 605-0098

Siviq Scores

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

Liabilities / Assets

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • NTEE A20 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • NTEE A20 • <$500k nonprofits • Source year 2021

Net Margin

44th percentile

4.0%

Higher net margin than 44% of similar nonprofits.

2021 filings • NTEE A20 • <$500k nonprofits • Source year 2021

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • NTEE A20 • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / Assets49th percentile

Assets

$1,986

No earlier filing loaded for comparison.

Net Assets

$1,986

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue49th percentileNet Margin44th percentile

Revenue

$50,030

No earlier filing loaded for comparison.

Expenses

$48,044

No earlier filing loaded for comparison.

Net Income

$1,986

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.5M$1.0M$500K$0Assets 2021: $1,986Liabilities 2021: $0Net Assets 2021: $1,9862021Assets 2022: $169,823Liabilities 2022: $0Net Assets 2022: $169,8232022Assets 2023: $320,610Liabilities 2023: $53,250Net Assets 2023: $267,3602023Assets 2024: $1,009,313Liabilities 2024: $736,769Net Assets 2024: $272,5442024

Highlighted filing

2021

Assets$1,986
Liabilities$0
Net Assets$1,986
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$2.0M$1.5M$1.0M$500K$0Revenue 2021: $50,030Expenses 2021: $48,044Net Income 2021: $1,9862021Revenue 2022: $1,451,673Expenses 2022: $1,283,836Net Income 2022: $167,8372022Revenue 2023: $1,550,713Expenses 2023: $981,257Net Income 2023: $569,4562023Revenue 2024: $1,436,925Expenses 2024: $1,431,741Net Income 2024: $5,1842024

Highlighted filing

2021

Revenue$50,030
Expenses$48,044
Net Income$1,986
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Aug 25, 2021 to Dec 31, 2021
Signed
Aug 12, 2022
Return Version
2021v4.2
Gross Receipts
$50,030
Mission and Program Overview

Mission

The liu shiming art foundation was founded in 2021 in pursuit of the preservation of the works of the acclaimed chinese artist liu shiming, as well as for the advancement of the arts, history and culture. The fund aims to support art students & emerging artists by encouraging the creation of all forms of art and multicultural study. The foundation's goals are to foster a greater understanding and appreciation of asian art forms and to contextualize them within a global purview. Engaging students and artists to conceptualize the creative process by focusing on this east/west perspective should be fundamental to the human experience.

Program Services

DescriptionGrantsExpenses
ONE OF THE PRIMARY PURPOSES OF THE LIU SHIMING ART FOUNDATION IS TO PROVIDE SUPPORT AND FUNDING FOR EMERGING ARTISTS, ESPECIALLY IN THE FIELD OF SCULPTURE. THE LIU SHIMING ART FOUNDATION PROVIDES SEED DONATIONS TO SET UP A "LIU SHIMING SCHOLARS FUND" AT UNIVERSITIES AND INSTITUTIONS AROUND THE WORLD. THE RECIPIENT INSTITUTIONS REWARD SCHOLARSHIPS ON AN ANNUAL BASIS TO THOSE WITH DEMONSTRATED FINANCIAL NEED, WHO SHOW PROMISE IN THE AREA OF EAST ASIA SCULPTURE, ART, AND/OR MULTI-CULTURAL STUDY. THE LIU SHIMING ART FOUNDATION IS ACTIVELY SEEKING APPROPRIATE RECIPIENT SCHOOLS TO FACILITATE THE FINANCIAL MANAGEMENT AND AWARDING OF SUCH SCHOLARSHIPS. DURING 2021 A RELATIONSHIP WAS ESTABLISHED WITH GEORGIA STATE UNIVERSITY.$48,000$48,000
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ZHIYONG YANGPresident-$0--
SI YANGSecretary-$0--
YU BAITreasurer-$0--
ZEZONG MAOExecutive PresidentFT$0--
Filing and Contact Details

Filer

Filer Name
Liu Shiming Art Foundation
EIN
87-2425228
Phone
9176050098
Address
15 EAST 40TH STREET FL 2, NEW YORK, NY 10016

Signing Officer

Name
Zezong Mao
Title
Executive President
Phone
9176050098
Signed
2022-08-12
Discuss with paid preparer
Yes

Preparer

Firm
Wegner Cpas Llp
Address
2921 LANDMARK PL STE 300, MADISON, WI 53713-4236
Preparer
Amanda Vannatta CPA
Phone
6082744020
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: seed donation. Grantee name: georgia state university foundation inc. Grantee address: po box 2668 atlanta, ga 30301-2668. Date of gift: 12/30/21. Amount given: 48,000.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: office expense. Amount: 44.”

Raw XML Appendix150 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/BooksInCareOfDetail/PhoneNum09176050098
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ZHIYONG YANG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1SI YANG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2YU BAI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ZEZONG MAO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3EXECUTIVE PRESIDENT
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherEmployeePaidOver100kCnt00
IRS990EZ/OtherExpensesTotalAmt044
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE LIU SHIMING ART FOUNDATION WAS FOUNDED IN 2021 IN PURSUIT OF THE PRESERVATION OF THE WORKS OF THE ACCLAIMED CHINESE ARTIST LIU SHIMING, AS WELL AS FOR THE ADVANCEMENT OF THE ARTS, HISTORY AND CULTURE. THE FUND AIMS TO SUPPORT ART STUDENTS & EMERGING ARTISTS BY ENCOURAGING THE CREATION OF ALL FORMS OF ART AND MULTICULTURAL STUDY. THE FOUNDATION'S GOALS ARE TO FOSTER A GREATER UNDERSTANDING AND APPRECIATION OF ASIAN ART FORMS AND TO CONTEXTUALIZE THEM WITHIN A GLOBAL PURVIEW. ENGAGING STUDENTS AND ARTISTS TO CONCEPTUALIZE THE CREATIVE PROCESS BY FOCUSING ON THIS EAST/WEST PERSPECTIVE SHOULD BE FUNDAMENTAL TO THE HUMAN EXPERIENCE.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0ONE OF THE PRIMARY PURPOSES OF THE LIU SHIMING ART FOUNDATION IS TO PROVIDE SUPPORT AND FUNDING FOR EMERGING ARTISTS, ESPECIALLY IN THE FIELD OF SCULPTURE. THE LIU SHIMING ART FOUNDATION PROVIDES SEED DONATIONS TO SET UP A "LIU SHIMING SCHOLARS FUND" AT UNIVERSITIES AND INSTITUTIONS AROUND THE WORLD. THE RECIPIENT INSTITUTIONS REWARD SCHOLARSHIPS ON AN ANNUAL BASIS TO THOSE WITH DEMONSTRATED FINANCIAL NEED, WHO SHOW PROMISE IN THE AREA OF EAST ASIA SCULPTURE, ART, AND/OR MULTI-CULTURAL STUDY. THE LIU SHIMING ART FOUNDATION IS ACTIVELY SEEKING APPROPRIATE RECIPIENT SCHOOLS TO FACILITATE THE FINANCIAL MANAGEMENT AND AWARDING OF SUCH SCHOLARSHIPS. DURING 2021 A RELATIONSHIP WAS ESTABLISHED WITH GEORGIA STATE UNIVERSITY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt048000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt048000
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt048044
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IRS990EZ/TotalRevenueAmt050030
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.LSMARTFUND.ORG
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE 2021 COLUMN OF SCHEDULE A, PART II REPRESENTS THE INITIAL SHORT YEAR OF THE ORGANIZATION FROM AUGUST 25, 2021 TO DECEMBER 31, 2021.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt050030
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt050030
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/SubstantialContributorsTotAmt048979
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt050030
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt050030
IRS990ScheduleA/TotalSupportAmt050030
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVITY CLASSIFICATION: SEED DONATION. GRANTEE NAME: GEORGIA STATE UNIVERSITY FOUNDATION INC. GRANTEE ADDRESS: PO BOX 2668 ATLANTA, GA 30301-2668. DATE OF GIFT: 12/30/21. AMOUNT GIVEN: 48,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: OFFICE EXPENSE. AMOUNT: 44.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ZEZONG MAO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09176050098
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LIU SHIMING ART FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0LIUS
ReturnHeader/Filer/EIN0872425228
ReturnHeader/Filer/PhoneNum09176050098
ReturnHeader/Filer/USAddress/AddressLine1Txt015 EAST 40TH STREET FL 2
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010016
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390974031
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02921 LANDMARK PL STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MADISON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0537134236
ReturnHeader/PreparerPersonGrp/PhoneNum06082744020
ReturnHeader/PreparerPersonGrp/PreparationDt02022-08-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AMANDA VANNATTA CPA
ReturnHeader/ReturnTs02022-08-22T16:25:24-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ZEZONG
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MAO
ReturnHeader/TaxPeriodBeginDt02021-08-25
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,986
Liabilities
$0
Net assets
$1,986
Revenue
$50,030
Expenses
$48,044
Net income
$1,986
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.74$0.27$1.44$1.43$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.32$0.05$0.27$1.55$0.98$0.57
2022Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$1.45$1.28$0.17
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.05$0.05$0.00