Civic Intelligence

Liu Shiming Art Foundation

990 • Fiscal year 2023 • EIN 87-2425228

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 18, 2025

Organization ProfileN/A
15 East 40th Street Floor 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

67th percentile

0.17x

Higher debt load relative to assets than 67% of similar nonprofits.

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

Liabilities / Revenue

34th percentile

0.03x

Higher debt load relative to revenue than 34% of similar nonprofits.

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

Net Margin

82nd percentile

37%

Higher net margin than 82% of similar nonprofits.

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

Top Officer Pay

40th percentile

$15,000

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

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

Asset Growth

91st percentile

89%

Faster asset growth than 91% of similar nonprofits.

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

Revenue Growth

51st percentile

6.8%

Faster revenue growth than 51% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$320,610

Up $150,787 (+89%) from 2022

Net Assets

Up

$267,360

Up $97,537 (+57%) from 2022

Liabilities

Up

$53,250

Up $53,250 from 2022

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin82nd percentile

Revenue

Up

$1,550,713

Up $99,040 (+6.8%) from 2022

Expenses

Down

$981,257

Down $302,579 (-24%) from 2022

Net Income

Up

$569,456

Up $401,619 (+239%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

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

2023

Assets$320,610
Liabilities$53,250
Net Assets$267,360
Open 2023 Filing

Operations Trend

Revenue Growth51st percentile

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

2023

Revenue$1,550,713
Expenses$981,257
Net Income$569,456
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 18, 2025
Return Version
2023v6.0
Gross Receipts
$1,550,713
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.

The liu shiming art foundation honors the life and spirit of chinese artist liu shiming (1926-2010) by supporting future generations of artists and art historians, and by preserving and promoting the artistic legacy of liu shiming through exhibitions, research, and publications.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$169,823$305,231▲ $135,408
Land, Buildings, and Equipment, Net$0$15,379▲ $15,379
Total Assets$169,823$320,610▲ $150,787
Liabilities
Other Liabilities$0$52,432▲ $52,432
Accounts Payable and Accrued Expenses-$818-
Total Liabilities$0$53,250▲ $53,250
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$169,823$157,435▼ $12,388
Net Assets With Donor Restrictions-$109,925-
Total Net Assets Fund Balance$169,823$267,360▲ $97,537
Total Liabilities and Net Assets / Fund Balance$169,823$320,610▲ $150,787

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,379$5,063$20,442
Compensation and Service Providers
Top Officer Pay40th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Geoffrey GlickActing PresidentPT$15,000$15,000

Board Members and Trustees

NameTitle
Zhiyong YangPresident
Si YangSecretary
Tracy Danqung XuTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$703,013
Program Service Revenue
$847,700
Investment Income
$0
Other Revenue
$0
All Other Contributions
$703,013
Change in Net Assets
$569,456

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,550,713
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$144,633
Total Revenue per Audited Statements
$1,695,346
Total Revenue per Form 990
$1,550,713
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$683,974
Other Expenses$174,697
Salaries, Compensation, and Employee Benefits$122,586
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$425,310--$425,310
Foreign Grants$222,732--$222,732
Other Salaries and Wages$76,628$45,958-$122,586
Fees for Services Other$74,750--$74,750
Grants to Domestic Individuals$35,932--$35,932
Office Expenses$26,923$7,204-$34,127
Travel$13,413$6,946-$20,359
Advertising$19,481--$19,481
Fees for Service Investment Mgmnt Fees-$15,000-$15,000
Fees for Services Legal-$3,500-$3,500
Depreciation Depletion-$3,402-$3,402
Fees for Services Accounting$3,000$399-$3,399
Other Expenses$147$532-$679
Total Functional Expenses$898,316$82,941$0$981,257

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,125,890
Expenses per Audited Statements$981,257
Total Expenses per Form 990$981,257
Expenses Not Reported on Form 990$144,633
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of Oregon FoundationEugene, OR501 (c)(3)Scholarship Programs With Schools to Support Students in Arts and Cultural Studies.$108,150
The University of Texas at AustinAustin, TX501 (c)(3)Scholarship Programs With Schools to Support Students in Arts and Cultural Studies.$75,000
Ucincinnati FoundationCincinnati, OH501 (c)(3)Scholarship Programs With Schools to Support Students in Arts and Cultural Studies.$75,000
University of Nebraska FoundationLincoln, NE501 (c)(3)Scholarship Programs With Schools to Support Students in Arts and Cultural Studies.$74,120
Marist CollegePoughkeepsie, NY501 (c)(3)Scholarship Programs With Schools to Support Students in Arts and Cultural Studies.$63,000
Rutgers University FoundationNew Brunswick, NJ501 (c)(3)Scholarship Programs With Schools to Support Students in Arts and Cultural Studies.$15,040
Open DreamsSan Diego, CA501 (c)(3)Scholarship Programs With Schools to Support Students in Arts and Cultural Studies.$9,000
Bowdoin CollegeBrunswick, ME501 (c)(3)Scholarship Programs With Schools to Support Students in Arts and Cultural Studies.$6,000

International Summary

Offices
0
Employees
0
Spending
$222,732

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificGrants to Universities in the Region.-00$214,432
Middle East and North AfricaGrants to Universities in the Region.-00$5,300
Sub-saharan AfricaGrants to Universities in the Region.-00$3,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Promises to Give$52,432
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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 B, Line 11B

“The prepared form 990 is reviewed and approved by the members of the governing body before the return is filed with the irs.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available to the public upon request. The organization does not have a conflict of interest policy.”

Filing and Contact Details

Filer

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

Signing Officer

Name
Puiking Hui
Title
Executive Director
Phone
9176050098
Signed
2025-03-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Puiking Hui
Formed
2021
Legal Domicile
De
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
2

Preparer

Firm
Efpr Group Cpas Pllc
Address
6390 MAIN STREET SUITE 200, WILLIAMSVILLE, NY 14221
Preparer
David a Urban CPA
Phone
7166340700
Supplemental Narrative

Additional Explanations

AMENDED FORM 990, PAGE 1:

“The original return was prepared and filed using unaudited financial information. This return is being amended to reflect the information as reported on the audited financial statements. Changes to form 990 are as follows: as originally filed: as amended: part i, line 8: $703,013 $703,013 contribution part i, line 9: 713,890 847,700 program part 1, line 10: 0 0 investment part i, line 11: 109,925 0 other part i, line 12: $1,526,828 $1,550,713 total revenue part i, line 13: 647,202 683,974 grants paid part i, line 15: 0 122,586 compensation part i, line 17: 273,398 174,697 other expenses part i, line 18: 920,600 981,257 total expenses part i, line 19: ($606,228) ($569,456) rev less exp part i, line 20: 320,610 320,610 total assets part i, line 21: 818 53,250 total liab. Part i, line 22: 319,792 267,360 net assets changes to balance sheet, revenue and expenses are reflected throughout the amended returns and supplemental schedules. 990, page 7, part vii, section a: added officer benefits. Revised schedule b - additional donors. Schedule f, part 1, line 3: additional foreign grant of $5,300. Form 990 part ix, line 1 and schedule i part ii (grants paid to domestic organizations): as originally filed: $410,270 as amended: $425,310 form 990 part ix, line 2 and schedule i part iii (grants paid to domestic individuals): as originally filed: $19,500 as amended: $35,932 form 990 part ix, line 1 and schedule f part i (grants paid to foreign organizations): as originally filed: $217,432 as amended: $222,732”

FORM 990, PART XII, LINE 2C:

“No changes have taken place during the fiscal year ended december 31, 2023.”

Financial Statement Notes

PART III, LINE 1A:

“It is the foundation's policy to purchase works of art with donor restricted funds, including contributions received for such purpose, and proceeds from the deaccessioning of other works of art. It is the foundation's policy not to capitalize its collection of works of art. Therefore, the value of art objects is not included on the statement of financial position. Additionally, no determination has been made of the aggregate value of such assets for financial reporting purposes. Contributions of works of art are treated in the same manner as purchases of works of art in that they are not capitalized. Proceeds from deaccessioned objects are reflected on the statement of activities as net assets with donor restrictions, based on the existence or absence of donor-imposed restrictions. Use of the proceeds of deaccessioned objects are restricted solely to the acquisition of new works, or the conservation or repair of existing works in the collection.”

PART X, LINE 2:

“The foundation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code (the code), therefore, no provision for income taxes is reflected in the financial statements. The foundation has been classified as a publicly supported organization that is not a private foundation under section 509(a) of the code. The foundation presently discloses or recognizes income tax positions based on management's estimate of whether it is reasonably possible or probable that a liability has been incurred for unrecognized income taxes. Management has concluded that the foundation has taken no uncertain tax positions that require adjustment in its financial statements. U.s. Forms 990 filed by the foundation are subject to examination by taxing authorities.”

Raw XML AppendixShowing 400 of 494 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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IRS990/MissionDesc0THE LIU SHIMING ART FOUNDATION HONORS THE LIFE AND SPIRIT OF CHINESE ARTIST LIU SHIMING (1926-2010) BY SUPPORTING FUTURE GENERATIONS OF ARTISTS AND ART HISTORIANS, AND BY PRESERVING AND PROMOTING THE ARTISTIC LEGACY OF LIU SHIMING THROUGH EXHIBITIONS, RESEARCH, AND PUBLICATIONS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0PRESERVING & PROMOTING ARTISTIC LEGACY OF LIU SHIMING:IN 2023, THE FOUNDATION SUPPORTED FIVE EXHIBITIONS/EVENT ORGANIZED IN PARTNERSHIP WITH THE UNIVERSITY OF GEORGIA, MACAULAY HONORS COLLEGE, UNIVERSITY OF HAWAII, RUTGERS UNIVERSITY, AND QUEEN'S UNIVERSITY IN CANADA. IN ADDITION, THE FOUNDATION COMMISSIONED THE RESEARCH AND WRITING OF A MONOGRAPH ON THE LIFE AND WORK OF LIU SHIMING.
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IRS990/PYOtherExpensesAmt0241230
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0167837
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01283836
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01451673
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0569456
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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/FormAndLineReferenceDesc0SCH A, PART II:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0703013
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01451673
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt050030
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02204716
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0847700
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01818754
IRS990ScheduleA/SubstantialContributorsTotAmt0385962
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0703013
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01451673
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt050030
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02204716
IRS990ScheduleA/TotalSupportAmt02204716
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/DonatedServicesAndUseFcltsAmt0144633
IRS990ScheduleD/DonatedServicesUseFcltsAmt0144633
IRS990ScheduleD/EquipmentGrp/BookValueAmt015379
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05063
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt020442
IRS990ScheduleD/ExpensesNotReportedAmt0144633
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0981257
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt052432
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PROMISES TO GIVE
IRS990ScheduleD/RevenueNotReportedAmt0144633
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01550713
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IT IS THE FOUNDATION'S POLICY TO PURCHASE WORKS OF ART WITH DONOR RESTRICTED FUNDS, INCLUDING CONTRIBUTIONS RECEIVED FOR SUCH PURPOSE, AND PROCEEDS FROM THE DEACCESSIONING OF OTHER WORKS OF ART. IT IS THE FOUNDATION'S POLICY NOT TO CAPITALIZE ITS COLLECTION OF WORKS OF ART. THEREFORE, THE VALUE OF ART OBJECTS IS NOT INCLUDED ON THE STATEMENT OF FINANCIAL POSITION. ADDITIONALLY, NO DETERMINATION HAS BEEN MADE OF THE AGGREGATE VALUE OF SUCH ASSETS FOR FINANCIAL REPORTING PURPOSES. CONTRIBUTIONS OF WORKS OF ART ARE TREATED IN THE SAME MANNER AS PURCHASES OF WORKS OF ART IN THAT THEY ARE NOT CAPITALIZED. PROCEEDS FROM DEACCESSIONED OBJECTS ARE REFLECTED ON THE STATEMENT OF ACTIVITIES AS NET ASSETS WITH DONOR RESTRICTIONS, BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. USE OF THE PROCEEDS OF DEACCESSIONED OBJECTS ARE RESTRICTED SOLELY TO THE ACQUISITION OF NEW WORKS, OR THE CONSERVATION OR REPAIR OF EXISTING WORKS IN THE COLLECTION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE), THEREFORE, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE FINANCIAL STATEMENTS. THE FOUNDATION HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. THE FOUNDATION PRESENTLY DISCLOSES OR RECOGNIZES INCOME TAX POSITIONS BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAXES. MANAGEMENT HAS CONCLUDED THAT THE FOUNDATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT IN ITS FINANCIAL STATEMENTS. U.S. FORMS 990 FILED BY THE FOUNDATION ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 1A:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015379
IRS990ScheduleD/TotalExpensesPerForm990Amt0981257
IRS990ScheduleD/TotalLiabilityAmt052432
IRS990ScheduleD/TotalRevenuePerForm990Amt01550713
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01695346
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01125890
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0214432
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt13000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt25300
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EAST ASIA AND THE PACIFIC
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1SUB-SAHARAN AFRICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2MIDDLE EAST AND NORTH AFRICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0GRANTS TO UNIVERSITIES IN THE REGION.
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1GRANTS TO UNIVERSITIES IN THE REGION.
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2GRANTS TO UNIVERSITIES IN THE REGION.
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0114132
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1100300
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt1WIRE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt10
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0PROVIDE SUPPORT AND FUNDING FOR ART STUDENTS
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1PROVIDE SUPPORT AND FUNDING FOR ART STUDENTS
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0EAST ASIA AND THE PACIFIC
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1EAST ASIA AND THE PACIFIC
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt0222732
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0ONE 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 FIELD OF ART, HISTORY, AND MULTICULTURAL STUDIES. LIU SHIMING ART FOUNDATION SEEKS TO IDENTIFY COLLEGES AND UNIVERSITIES WITH A PREFERENCE FOR THOSE COLLEGES AND UNIVERSITIES WITH AN ART SCHOOL, SCULPTURE MAJOR OR CULTURAL STUDY DEPARTMENT FOR FUNDING OF THESE SCHOLARS FUNDS. ONCE FUNDS ARE GRANTED THE COLLEGE/UNIVERSITY WILL BE RESPONSIBLE FOR CHOOSING RECIPIENTS OF FUNDS AND THE FOUNDATION WILL REQUEST AND RETAIN FUND RECIPIENTS INFORMATION.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1EXPENSES ARE REPORTED ON CASH BASIS.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 3:
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt0222732
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt035932
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt010
IRS990ScheduleI/RecipientTable/CashGrantAmt06000
IRS990ScheduleI/RecipientTable/CashGrantAmt163000
IRS990ScheduleI/RecipientTable/CashGrantAmt275000
IRS990ScheduleI/RecipientTable/CashGrantAmt375000
IRS990ScheduleI/RecipientTable/CashGrantAmt474120
IRS990ScheduleI/RecipientTable/CashGrantAmt5108150
IRS990ScheduleI/RecipientTable/CashGrantAmt69000
IRS990ScheduleI/RecipientTable/CashGrantAmt715040
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501 (C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501 (C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501 (C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501 (C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501 (C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501 (C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc6501 (C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc7501 (C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt50
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt60
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt70
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIP PROGRAMS WITH SCHOOLS TO SUPPORT STUDENTS IN ARTS AND CULTURAL STUDIES.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1SCHOLARSHIP PROGRAMS WITH SCHOOLS TO SUPPORT STUDENTS IN ARTS AND CULTURAL STUDIES.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2SCHOLARSHIP PROGRAMS WITH SCHOOLS TO SUPPORT STUDENTS IN ARTS AND CULTURAL STUDIES.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3SCHOLARSHIP PROGRAMS WITH SCHOOLS TO SUPPORT STUDENTS IN ARTS AND CULTURAL STUDIES.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4SCHOLARSHIP PROGRAMS WITH SCHOOLS TO SUPPORT STUDENTS IN ARTS AND CULTURAL STUDIES.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5SCHOLARSHIP PROGRAMS WITH SCHOOLS TO SUPPORT STUDENTS IN ARTS AND CULTURAL STUDIES.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6SCHOLARSHIP PROGRAMS WITH SCHOOLS TO SUPPORT STUDENTS IN ARTS AND CULTURAL STUDIES.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7SCHOLARSHIP PROGRAMS WITH SCHOOLS TO SUPPORT STUDENTS IN ARTS AND CULTURAL STUDIES.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BOWDOIN COLLEGE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1MARIST COLLEGE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2THE UNIVERSITY OF TEXAS AT AUSTIN
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3UCINCINNATI FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4UNIVERSITY OF NEBRASKA FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5UNIVERSITY OF OREGON FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6OPEN DREAMS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7RUTGERS UNIVERSITY FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0010215213
IRS990ScheduleI/RecipientTable/RecipientEIN1141442493
IRS990ScheduleI/RecipientTable/RecipientEIN2741587488
IRS990ScheduleI/RecipientTable/RecipientEIN3310896555
IRS990ScheduleI/RecipientTable/RecipientEIN4470379839
IRS990ScheduleI/RecipientTable/RecipientEIN5936015767
IRS990ScheduleI/RecipientTable/RecipientEIN6472525191
IRS990ScheduleI/RecipientTable/RecipientEIN7237318742
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt05400 COLLEGE STATION
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt13399 NORTH RD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt29011 MOUNTAIN RIDGE SUITE 150
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3PO BOX 19970
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4PO BOX 82555
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt51720 E 13TH AVE 410
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt6735 YARMOUTH COURT
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt7335 GEORGE STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BRUNSWICK
IRS990ScheduleI/RecipientTable/USAddress/CityNm1POUGHKEEPSIE
IRS990ScheduleI/RecipientTable/USAddress/CityNm2AUSTIN
IRS990ScheduleI/RecipientTable/USAddress/CityNm3CINCINNATI
IRS990ScheduleI/RecipientTable/USAddress/CityNm4LINCOLN
IRS990ScheduleI/RecipientTable/USAddress/CityNm5EUGENE
IRS990ScheduleI/RecipientTable/USAddress/CityNm6SAN DIEGO
IRS990ScheduleI/RecipientTable/USAddress/CityNm7NEW BRUNSWICK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0ME
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3OH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4NE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5OR
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd7NJ
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd004011
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd112601
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd278759
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd345219
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd468501
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd597403
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd692109
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd708901
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ONE 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 FIELD OF ART, HISTORY, AND MULTICULTURAL STUDIES. LIU SHIMING ART FOUNDATION SEEKS TO IDENTIFY COLLEGES AND UNIVERSITIES WITH A PREFERENCE FOR THOSE COLLEGES AND UNIVERSITIES WITH AN ART SCHOOL, SCULPTURE MAJOR OR CULTURAL STUDY DEPARTMENT FOR FUNDING OF THESE SCHOLARS FUNDS. ONCE FUNDS ARE GRANTED THE COLLEGE/UNIVERSITY WILL BE RESPONSIBLE FOR CHOOSING RECIPIENTS OF FUNDS AND THE FOUNDATION WILL REQUEST AND RETAIN FUND RECIPIENTS INFORMATION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$320,610
Liabilities
$53,250
Net assets
$267,360
Revenue
$1,550,713
Expenses
$981,257
Net income
$569,456
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