Civic Intelligence

Liwu Gift Foundation

990 • Fiscal year 2023 • EIN 93-3092946

Jan 01, 2023 to Dec 31, 2023 • Filed on May 12, 2025

Organization Profilewww.activelittleones.org
417 Rensworth CtCary, NC 27519

(919) 335-8236

Siviq Scores

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

Liabilities / Assets

66th percentile

0.01x

Higher debt load relative to assets than 66% of similar nonprofits.

2023 filings • NTEE O50 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

70th percentile

0.01x

Higher debt load relative to revenue than 70% of similar nonprofits.

2023 filings • NTEE O50 • <$500k nonprofits • Source year 2023

Net Margin

97th percentile

99%

Higher net margin than 97% of similar nonprofits.

2023 filings • NTEE O50 • <$500k nonprofits • Source year 2023

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2023 filings • NTEE O50 • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

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

Source year 2023

Revenue Growth

Score unavailable

No value available

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

Source year 2023

Balance Sheet
Liabilities / Assets66th percentile

Assets

$214,739

No earlier filing loaded for comparison.

Net Assets

$212,183

No earlier filing loaded for comparison.

Liabilities

$2,556

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin97th percentile

Revenue

$215,000

No earlier filing loaded for comparison.

Expenses

$2,817

No earlier filing loaded for comparison.

Net Income

$212,183

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.

$300K$200K$100K$0Assets 2023: $214,739Liabilities 2023: $2,556Net Assets 2023: $212,1832023Assets 2024: $217,447Liabilities 2024: $5,000Net Assets 2024: $212,4472024

Highlighted filing

2023

Assets$214,739
Liabilities$2,556
Net Assets$212,183
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$300K$200K$100K$0Revenue 2023: $215,000Expenses 2023: $2,817Net Income 2023: $212,1832023Revenue 2024: $20,070Expenses 2024: $19,806Net Income 2024: $2642024

Highlighted filing

2023

Revenue$215,000
Expenses$2,817
Net Income$212,183
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$215,000
Mission and Program Overview

Mission

We provide educational, emotional, and financial support to enhance the lives of youths and families. Established in August 2023, we focused on raising awareness in the community to secure donations. Future funds will support youth sports, education, and match sponsorships, including hosting matches and classroom education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$0$214,739▲ $214,739
Total Assets$0$214,739▲ $214,739
Liabilities
Accounts Payable and Accrued Expenses$0$2,556▲ $2,556
Total Liabilities$0$2,556▲ $2,556
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$0$212,183▲ $212,183
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$0$212,183▲ $212,183
Total Liabilities and Net Assets / Fund Balance$0$214,739▲ $214,739

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$171,739$261$0
Other Land Buildings$0$0$0
Land$43,000-$0
Equipment$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay79th percentile

Board Members and Trustees

NameTitle
Xiaoyu LiPresident
Xiaoyang WuVice President
Revenue and Support

Revenue Composition

Contributions and Grants
$215,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$215,000
Change in Net Assets
$212,183

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Residential1$215,000Appraisal
Total Noncash Contributions1$215,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,817
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal-$2,556-$2,556
Depreciation Depletion-$261-$261
Total Functional Expenses$0$2,817$0$2,817
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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 2

“Xiaoyang Wu, who is the vice president, is the husband of Xiaoyu Li, who is the president.”

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

“A complete draft of Form 990 would be provided to all members of the governing body prior to its filing with the IRS. Board members would be given an opportunity to review, comment, and ask questions about the return. If no concerns were raised, the return would be filed after the review period ended.”

Form 990, Part VI, Section C, Line 19

“During the tax year, the organization made its governing documents, conflict of interest policy, and financial statements available to the public upon request. Individuals could contact the organization via email or through its official website to request access to these documents.”

Filing and Contact Details

Filer

Filer Name
Liwu Gift Foundation
EIN
93-3092946
Phone
9193358236
Address
417 Rensworth Ct, Cary, NC 27519

Signing Officer

Name
Xiaoyang Wu
Title
Vice President
Phone
9193358236
Signed
2025-05-12

Organization Details

Principal Officer
Xiaoyang Wu
Formed
2023
Legal Domicile
Nc
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
2
Supplemental Narrative

Additional Explanations

Form 990, Header, Line B

“Form 990-N was filed mistakenly as it was the preparer's first time managing the tax-exempt organization's tax return filing. We sincerely apologize for any inconvenience caused.”

Financial Statement Notes

Schedule D, Part VI, Line 1B

“The house was received on 12/29/2023. So to use mid-month convention, the depreciation value is calculated as 261.”

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The house was received on 12/29/2023. So to use mid-month convention, the depreciation value is calculated as 261.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990-N was filed mistakenly as it was the preparer's first time managing the tax-exempt organization's tax return filing. We sincerely apologize for any inconvenience caused.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Xiaoyang Wu, who is the vice president, is the husband of Xiaoyu Li, who is the president.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A complete draft of Form 990 would be provided to all members of the governing body prior to its filing with the IRS. Board members would be given an opportunity to review, comment, and ask questions about the return. If no concerns were raised, the return would be filed after the review period ended.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3During the tax year, the organization made its governing documents, conflict of interest policy, and financial statements available to the public upon request. Individuals could contact the organization via email or through its official website to request access to these documents.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Header, Line B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
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ReasonableCauseExplanation/ExplanationTxt0This Form 990 is being filed to amend a previously submitted Form 990-N for the tax year ending in 2023. The organization mistakenly believed it was eligible to file Form 990-N. However, due to the nature of its financial activities-specifically, the receipt of a donated property-it exceeded the $50,000 gross receipts threshold and should have filed Form 990. The organization believed $50,000 was cash receipts but only a non-cash donation was received in 2023. The organization is newly formed and run entirely by volunteers with no prior experience in nonprofit tax filings. Once the error was discovered, we took prompt action to correct the mistake by preparing and filing this Form 990 as an amended return. We respectfully request relief from any penalties associated with the late filing of this amended return under the IRS reasonable cause provisions. The delay was not due to willful neglect but an honest misunderstanding of the filing requirements for a newly formed organization. We are committed to complying with all IRS filing obligations going forward.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Xiaoyang Wu
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Vice President
ReturnHeader/BusinessOfficerGrp/PhoneNum09193358236
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LIWU GIFT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0LIWU
ReturnHeader/Filer/EIN0933092946
ReturnHeader/Filer/PhoneNum09193358236
ReturnHeader/Filer/USAddress/AddressLine1Txt0417 Rensworth Ct
ReturnHeader/Filer/USAddress/CityNm0Cary
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027519
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02025-05-14T18:15:25-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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
$214,739
Liabilities
$2,556
Net assets
$212,183
Revenue
$215,000
Expenses
$2,817
Net income
$212,183
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.17$0.05$2.12$0.20$0.20$0.00
2023Detailed filing. Detailed filing data is available for this year.$2.15$0.03$2.12$2.15$0.03$2.12