Nonprofit · EIN 88-2655691
LICI CORP
Tax-exempt · PALO ALTO, CA 94303
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $150,135 | $115,236 | $34,899 | $34,899 | $0 | $34,899 |
| December 31, 2024 | 990 | $25,469 | $25,575 | -$106 | $0 | $0 | $0 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $150,135
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $67,203
- Salaries, compensation and benefits (total)
- $67,203
- Professional fundraising fees
- $0
- Occupancy
- $39,453
- Program services (functional)
- $115,236
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $34,899
- Total liabilities, end of year
- $0
- Net assets, end of year
- $34,899
- Net assets without donor restrictions
- $34,899
- Gross receipts
- $150,135
- Employees
- 0
- Volunteers
- 2
- Year formed
- 2022
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAIYU | LI Officer | 40 | $0 |
| MICHAL | CIERNIAK Officer | 40 | $0 |
990 for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAIYU | LI Officer | 40 | $0 |
| MICHAL | CIERNIAK Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 1118 STANLEY WAY, PALO ALTO, CA 94303-2914
- In care of
- % KAIYU LI
- Mailing address (990-N for 2022)
- 1118 STANLEY WAY, PALO ALTO CA 94303
- Principal officer (990 for 2025)
- KAIYU LI, 1118 STANLEY WAY, Palo Alto, CA 94303
- Principal officer (990-N for 2022)
- KAIYU LI, 1118 STANLEY WAY, PALO ALTO CA 94303
- Signed the 990
- KAIYU LI, CEO
- Phone
- (650) 223-4552
- Return prepared by
- MARY WONG CPA
California records
California keeps its own records of charities and corporations. Search them by EIN 88-2655691 or by the name LICI CORP.
- 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 this Corporation is to educate the general public in sports, art, and subjects taught in California schools.
Program accomplishments
- Offered basketball team training programs and practices.Expenses $115,236 · revenue $150,135
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 | Check at the IRS |
IRS record
- EIN
- 88-2655691
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B01)
- Assets (IRS master file)
- $34,899
- Income (IRS master file)
- $150,135
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $150,135 | $115,236 | $34,899 | XML |
| 990 | December 2024 | $25,469 | $25,575 | $0 | XML |
| 990-N for 2022 Officer: KAIYU LI | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
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 88-2655691).
Questions about LICI CORP
- What is the EIN of LICI CORP?
- The employer identification number (EIN) of LICI CORP is 88-2655691.
- Is LICI CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to LICI CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LICI CORP 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 LICI CORP 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 LICI CORP 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 LICI CORP?
- The 990 for the year ended December 31, 2025 names KAIYU LI.
- Who are the officers and directors of LICI CORP?
- The 990 for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does LICI CORP have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $150,135, expenses of $115,236 and total assets of $34,899 at year end.
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