Nonprofit · EIN 56-2222794
AGAPE WAY
Tax-exempt · CHAPEL HILL, NC 27516
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $165,967 | $180,408 | -$14,441 | $23,107 | $0 | $23,107 |
| December 31, 2024 | 990-EZ (amended) | $139,914 | $139,650 | $264 | $37,548 | $0 | $37,548 |
| December 31, 2023 | 990-EZ | $146,859 | $119,612 | $27,247 | $157,425 | $120,141 | $37,284 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $164,768
- Program service revenue
- $0
- Investment income
- $1,199
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $57,037
- Compensation of officers, directors and key employees
- $90,000
- Salaries, compensation and benefits (total)
- $102,917
- Professional fees and payments to contractors
- $925
- Printing, publications and postage
- $379
- Other expenses
- $19,150
- Program services (functional)
- $95,371
Balance sheet and other
- Total assets, start of year
- $37,548
- Total assets, end of year
- $23,107
- Total liabilities, end of year
- $0
- Net assets, end of year
- $23,107
- Cash, savings and investments
- $23,107
- Gross receipts
- $165,967
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Wanbing Frank Li | President & CEO | 40 | $90,000 | $6,796 |
| Aijun Anna Li | Vice President | 20 | $0 | $0 |
| Yi-Ting Ding | Board Chair | 4 | $0 | $0 |
| Yongmei Li | Treasurer | 4 | $0 | $0 |
| Walter Ostrowka | Director of Development | 5 | $0 | $0 |
| Caizi Huang | Community Outreach | 2 | $0 | $0 |
990-EZ for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Wanbing Frank Li | President & CEO | 40 | $84,943 |
| Aijun Anna Li | Vice President | 20 | $0 |
| John Swem | Board Chair | 2 | $0 |
| Yongmei Li | Treasurer | 1 | $0 |
| Walter Ostrowka | Director of Development | 3 | $0 |
| Caizi Huang | Community Outreach | 1 | $0 |
990-EZ for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Wanbing Frank Li | President & CEO | 40 | $49,943 | $3,000 |
| Aijun Anna Li | Vice President | 20 | $0 | $0 |
| John Swem | Board Chair | 2 | $0 | $0 |
| Yongmei Li | Treasurer | 2 | $0 | $0 |
| James Chang | Board Member | 1 | $0 | $0 |
| Taili Kwan | Board Member | 1 | $0 | $0 |
| Marc Putnam | Board Member | 1 | $0 | $0 |
| Walter Ostrowka | Director of Development | 4 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 314 SYLVAN WAY, CHAPEL HILL, NC 27516-8708
- Signed the 990-EZ
- Wanbing Li, CEO
- Phone
- (919) 259-8581
Mission
Provide biblical training and provide financial assistance to pastors, missionaries, students and their families in Cambodia and China.
Program accomplishments
- Mercy Program Awarded 57 scholarships to students in Cambodia and the US. Supplied snack funds for six churches' soccer and children's ministries. Provided financial support for eight pastors. Provided food and disaster relief to over 600 families during the Cambodia and Thailand border confilcts. Staff salaries and benefits (20%) attributable to program delivery: $20,583.44Expenses $28,781 · grants $57,037
- Biblical Training Program: The staff spent 60% of his time on 1) Developing training curricula; 2) Providing online seminars to Cambodian pastors; 3) leading Bible studies in Senior Center.Expenses $66,590
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 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 56-2222794
- 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
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q33)
- Assets (IRS master file)
- $23,107
- Income (IRS master file)
- $165,967
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | – | – | – | IRS |
| 990-EZ | December 2024 | – | – | – | IRS |
| 990-EZ | December 2023 | $146,859 | $119,612 | $157,425 | IRS |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about AGAPE WAY
- What is the EIN of AGAPE WAY?
- The employer identification number (EIN) of AGAPE WAY is 56-2222794.
- Is AGAPE WAY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to AGAPE WAY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AGAPE WAY 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 AGAPE WAY due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AGAPE WAY last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of AGAPE WAY?
- The 990-EZ for the year ended December 31, 2025 lists 6 people; 1 received compensation from the organization, the highest $90,000 (Wanbing Frank Li, President & CEO).
- How much revenue does AGAPE WAY have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $165,967, expenses of $180,408 and total assets of $23,107 at year end.
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All nonprofits in CHAPEL HILL · North Carolina · International, foreign affairs and national security