Nonprofit · EIN 43-2102722
LIL INC
Tax-exempt · PLEASANTON, CA 94588
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,929,573 | $2,894,643 | $34,930 | $4,213,767 | $164,147 | $4,049,620 |
| December 31, 2023 | 990 | $2,511,080 | $2,747,105 | -$236,025 | $4,121,204 | $106,514 | $4,014,690 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,783,379
- Investment income
- $146,194
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $710,000
- Other salaries and wages
- $844,944
- Salaries, compensation and benefits (total)
- $1,657,126
- Professional fundraising fees
- $0
- Legal fees
- $5,000
- Depreciation
- $9,872
- Program services (functional)
- $2,894,643
Balance sheet and other
- Total assets, start of year
- $4,121,204
- Total assets, end of year
- $4,213,767
- Total liabilities, end of year
- $164,147
- Net assets, end of year
- $4,049,620
- Land, buildings and equipment
- $59,605
- Gross receipts
- $2,929,573
- Employees
- 95
- Volunteers
- 0
- Year formed
- 2005
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| XIANG Y ZHENG | COO/HEAD OF SCHOOL Trustee or director, Officer, Key employee, Highest-paid employee | 40 | $420,000 |
| QIAO J WANG | ACTING ASSISTANT HEAD OF SCHOOL Trustee or director, Officer | 40 | $290,000 |
| WENPING CHEN | DIRECTOR Trustee or director | 0 | $0 |
| XIAOPING JIANG | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| XIANG Y ZHENG | COO/HEAD OF SCHOOL Trustee or director, Officer, Key employee, Highest-paid employee | 40 | $420,000 |
| QIAO J WANG | ACTING ASSISTANT HEAD OF SCHOOL Trustee or director, Officer | 40 | $290,000 |
| WENPING CHEN | DIRECTOR Trustee or director | 0 | $0 |
| XIAOPING JIANG | DIRECTOR Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 4160 HACIENDA DR STE 100, PLEASANTON, CA 94588-8574
- In care of
- % ADAM WANG
- Principal officer (990 for 2024)
- ADAM WANG, 4160 HACIENDA DR STE 100, PLEASANTON, CA 94588
- Signed the 990
- ADAM WANG, ACTING ASSISTANT HEAD OF SCHOOL
- Phone
- (408) 421-3403
- Website
- www.yfacademy.org
- Return prepared by
- RIT R LONG EA
California records
California keeps its own records of charities and corporations. Search them by EIN 43-2102722 or by the name LIL INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
The specific purpose of the Corporation shall include, without limitation, providing academic and cultural activities to school-age children during after-school hours and school breaks.
Program accomplishments
- Maintaining a regularly scheduled curriculum to school age childrent, the program provides classroom instructions teaching foreign languages such as Chinese and Spanish. Students will also receive structured instructions designed to supplement their school learnings in English and math.Expenses $2,894,643 · revenue $2,929,573
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 43-2102722
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B990)
- Assets (IRS master file)
- $4,213,767
- Income (IRS master file)
- $2,929,573
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,929,573 | $2,894,643 | $4,213,767 | XML |
| 990 | December 2023 | $2,511,080 | $2,747,105 | $4,121,204 | XML |
| 990 | December 2022 | $1,780,973 | $2,300,166 | $4,308,514 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 43-2102722).
Questions about LIL INC
- What is the EIN of LIL INC?
- The employer identification number (EIN) of LIL INC is 43-2102722.
- Is LIL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to LIL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LIL INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LIL INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LIL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LIL INC?
- The 990 for the year ended December 31, 2024 names ADAM WANG.
- Who are the officers and directors of LIL INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 2 received compensation from the organization, the highest $420,000 (XIANG Y ZHENG, COO/HEAD OF SCHOOL).
- How much revenue does LIL INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,929,573, expenses of $2,894,643 and total assets of $4,213,767 at year end.
Other nonprofits in PLEASANTON
- THE DUFFIELD FAMILY FOUNDATION EIN 94-3362163 · last filed 990-PF for 2025
- SHADOWSERVER FOUNDATION INC EIN 26-2267933 · last filed 990 for 2024
- PLEASANTON PARTNERSHIPS IN EDUCATION FOUNDATION EIN 94-3046738 · last filed 990 for 2025
- BHU AMERICA FOUNDATION EIN 88-4251729 · last filed 990 for 2025
- CHINESE AMERICAN COOPERATION COUNCIL EIN 01-0783081 · last filed 990 for 2025
- NORTHERN CALIFORNIA LABORERS SCHOLARSHIP FOUNDATION EIN 68-0319359 · last filed 990 for 2024
- THE SUHI FOUNDATION EIN 20-5167859 · last filed 990 for 2024
- SRI RAMANUJA PUBLIC EDUCATIONAL AND CHARITABLE INC EIN 82-2303554 · last filed 990 for 2025