Nonprofit · EIN 82-4407587
LI HUASHENG ART FOUNDATION
Tax-exempt · SEATTLE, WA 98115
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $51,846 | $51,305 | $541 | $19,016,303 | $3,986 | $19,012,317 |
| December 31, 2023 | 990 | $120,570 | $9,314 | $111,256 | $19,015,250 | $3,474 | $19,011,776 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $267
- Program service revenue
- $0
- Investment income
- $51,579
- Net gain from sales of assets
- $51,493
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $37,500
- Salaries, compensation and benefits (total)
- $40,745
- Professional fundraising fees
- $0
- Accounting fees
- $1,067
- Program services (functional)
- $44,924
- Management and general (functional)
- $6,381
Balance sheet and other
- Total assets, start of year
- $19,015,250
- Total assets, end of year
- $19,016,303
- Total liabilities, end of year
- $3,986
- Net assets, end of year
- $19,012,317
- Net assets without donor restrictions
- $19,012,317
- Gross receipts
- $231,087
- Employees
- 1
- Volunteers
- 7
- Year formed
- 2018
- State of legal domicile
- WA
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 |
|---|---|---|---|
| BRITTA ERICKSON PHD | Director Trustee or director | 20 | $37,500 |
| DONALD A LEITZ | Treasurer Officer | 1 | $1,662 |
| RICHARD FABIAN REVEREND | Director Trustee or director | 0 | $0 |
| SUSANNA FERRELL | Director Trustee or director | 0 | $0 |
| STEPHEN LITTLE PHD | Director Trustee or director | 0 | $0 |
| WEI XIONG | Director Trustee or director | 0 | $0 |
| ALAN YEUNG | Director Trustee or director | 0 | $0 |
| CHONGBIN ZHENG | Director Trustee or director | 0 | $0 |
| CRAIG L YEE | President Officer | 3 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DONALD A LEITZ | Treasurer Officer | 1 | $2,063 |
| CRAIG L YEE | President Officer | 5 | $0 |
| BRITTA ERICKSON PHD | Director Trustee or director | – | $0 |
| RICHARD FABIAN REVEREND | Director Trustee or director | – | $0 |
| SUSANNA FERRELL | Director Trustee or director | – | $0 |
| STEPHEN LITTLE PHD | Director Trustee or director | – | $0 |
| WEI XIONG | Director Trustee or director | – | $0 |
| ALAN YEUNG | Director Trustee or director | – | $0 |
| CHONGBIN ZHENG | Director Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 1037 NE 65TH STREET NO 82943, SEATTLE, WA 98115-6655
- In care of
- % CRAIG YEE
- Principal officer (990 for 2024)
- Craig L Yee, 1037 NE 65th Street Ste 82943, Seattle, WA 98115
- Signed the 990
- CRAIG YEE, President
- Phone
- (206) 979-6420
- Website
- www.lihuasheng.org
Mission
Advance ink as a medium and means of expression in the arts and to further the legacy of Li Huasheng as a visual artist through research, authentication, certification, publication, and exhibition.
Program accomplishments
- In 2024, the Li Huasheng Art Foundation initiated a project to write a definitive biography of the artist Li Huasheng. When completed, the biography will describe the artists life, his artistic achievements, and his importance as a global contemporary artist. The completed book will include many plates of his most significant artworks.Expenses $41,014
- Collection documentation and research: The Li Huasheng Art Foundation continues its work to research and document its collection of more than 2,000 Li Huasheng artworks.Expenses $3,910
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
- 82-4407587
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A40)
- Assets (IRS master file)
- $19,016,303
- Income (IRS master file)
- $231,087
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $51,846 | $51,305 | $19,016,303 | XML |
| 990 | December 2023 | $120,570 | $9,314 | $19,015,250 | XML |
| 990 | December 2022 | -$105,372 | $134,129 | $18,953,219 | IRS |
| 990 | December 2021 | -$55 | $46,309 | $19,162,119 | IRS |
| 990 | December 2020 | – | – | – | 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 82-4407587).
Questions about LI HUASHENG ART FOUNDATION
- What is the EIN of LI HUASHENG ART FOUNDATION?
- The employer identification number (EIN) of LI HUASHENG ART FOUNDATION is 82-4407587.
- Is LI HUASHENG ART FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to LI HUASHENG ART FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LI HUASHENG ART FOUNDATION 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 LI HUASHENG ART FOUNDATION 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 LI HUASHENG ART FOUNDATION 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 LI HUASHENG ART FOUNDATION?
- The 990 for the year ended December 31, 2024 names Craig L Yee.
- Who are the officers and directors of LI HUASHENG ART FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 9 people; 2 received compensation from the organization, the highest $37,500 (BRITTA ERICKSON PHD, Director).
- How much revenue does LI HUASHENG ART FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $51,846, expenses of $51,305 and total assets of $19,016,303 at year end.
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