Nonprofit · EIN 80-0612164
QLI FAMILY FOUNDATION INC
Tax-exempt (reinstated) · ROSLYN HTS, NY 11577
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $192,156 | $4,174 | $187,982 | $3,434,904 | $0 | $3,434,904 |
| December 31, 2024 | 990 | $257,832 | $17,782 | $240,050 | $3,246,922 | $0 | $3,246,922 |
| December 31, 2023 | 990 | $175,066 | $1,307 | $173,759 | $3,006,872 | $0 | $3,006,872 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $200,000
- Program service revenue
- $0
- Investment income
- -$7,844
- Net gain from sales of assets
- -$48,157
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $700
- Management and general (functional)
- $4,174
Balance sheet and other
- Total assets, start of year
- $3,246,922
- Total assets, end of year
- $3,434,904
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,434,904
- Publicly traded securities
- $3,181,365
- Net assets without donor restrictions
- $3,434,904
- Gross receipts
- $487,690
- Employees
- 0
- Volunteers
- 2
- Year formed
- 2010
- State of legal domicile
- NY
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD XU | CEO Trustee or director | 4 | $0 |
| KAREN WANG | OFFICER Officer | 4 | $0 |
| AMY XU | SECRETARY Officer | 4 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD XU | CEO Trustee or director | 4 | $0 |
| KAREN WANG | OFFICER Officer | 4 | $0 |
| AMY XU | SECRETARY Officer | 4 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD XU | CEO Trustee or director | 4 | $0 |
| KAREN WANG | OFFICER Officer | 4 | $0 |
| AMY XU | SECRETARY Officer | 4 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 363, ROSLYN HTS, NY 11577-0363
- In care of
- % KAREN WANG
- Principal officer (990 for 2025)
- KAREN Q WANG, 3916 PRINCE ST 255, FLUSHING, NY 11354
- Signed the 990
- KAREN Q WANG, OFFICER
- Phone
- (516) 882-3327
- Return prepared by
- SHENGYUAN TAX & ACCOUNTING SERVICE CORP
Mission
HELP ON EDUCATION AND RELIEF OF INDIGENT PEOPLE IN OUR SOCIETY.
Program accomplishments
- DONATION HELPS APPLICANT, XU QIAN, WHO WAS DIAGNOSED WITH STAGE 3a non-Hodgkin Lymphoma, AND WAS UNDERGOING INTENSIVE CHEMOTHERAPY TREATMENT. THE APPLICANT HAS TWO YOUNG CHILDREN, HAS FINANCIAL HARDSHIP.0
- NONE0
- NONE0
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 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
- 80-0612164
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T23)
- Assets (IRS master file)
- $3,434,904
- Income (IRS master file)
- $487,690
Revocation and reinstatement
- Exemption revoked
- May 15, 2013
- Posted by the IRS
- August 12, 2013
- Reinstated
- Effective May 15, 2013
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $192,156 | $4,174 | $3,434,904 | IRS |
| 990 | December 2024 | $257,832 | $17,782 | $3,246,922 | IRS |
| 990 | December 2023 | $175,066 | $1,307 | $3,006,872 | XML |
| 990 | December 2022 | $230,749 | $77,682 | $2,833,113 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 80-0612164).
Questions about QLI FAMILY FOUNDATION INC
- What is the EIN of QLI FAMILY FOUNDATION INC?
- The employer identification number (EIN) of QLI FAMILY FOUNDATION INC is 80-0612164.
- Is QLI FAMILY FOUNDATION INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2013 and reinstated it effective May 15, 2013.
- Are donations to QLI FAMILY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does QLI FAMILY FOUNDATION 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 QLI FAMILY FOUNDATION INC 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 QLI FAMILY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of QLI FAMILY FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names KAREN Q WANG.
- Who are the officers and directors of QLI FAMILY FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does QLI FAMILY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $192,156, expenses of $4,174 and total assets of $3,434,904 at year end.
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