2024-11-14T18:17:09-06:00 2023-12-31 474526160 EFPR GROUP CPAS PLLC 6390 MAIN STREET SUITE 200 WILLIAMSVILLE NY 14221 990 2023-01-01 872425228 LIU SHIMING ART FOUNDATION LIUS 9176050098 15 EAST 40TH STREET FLOOR 2 NEW YORK NY 10016 PUIKING HUI EXECUTIVE DIRECTOR 9176050098 2024-11-13 1 0 DAVID A URBAN CPA P00630018 7166340700 2024-11-13 2023 2024-10-15 13:58:12Z PUIKING HUI 15 EAST 40TH STREET FLOOR 2 NEW YORK NY 10016 1526828 0 X N/A X 2021 DE THE LIU SHIMING ART FOUNDATION HONORS THE LIFE AND SPIRIT OF CHINESE ARTIST LIU SHIMING (1926-2010) BY SUPPORTING FUTURE GENERATIONS OF ARTISTS AND ART HISTORIANS, AND BY PRESERVING AND PROMOTING THE ARTISTIC LEGACY OF LIU SHIMING THROUGH EXHIBITIONS, RESEARCH, AND PUBLICATIONS. 3 3 0 2 0 0 1451673 703013 0 713890 0 0 0 109925 1451673 1526828 1042606 647202 0 0 0 0 0 0 0 241230 273398 1283836 920600 167837 606228 169823 320610 0 818 169823 319792 X THE LIU SHIMING ART FOUNDATION HONORS THE LIFE AND SPIRIT OF CHINESE ARTIST LIU SHIMING (1926-2010) BY SUPPORTING FUTURE GENERATIONS OF ARTISTS AND ART HISTORIANS, AND BY PRESERVING AND PROMOTING THE ARTISTIC LEGACY OF LIU SHIMING THROUGH EXHIBITIONS, RESEARCH, AND PUBLICATIONS. 0 0 831319 647202 SUPPORTING FUTURE GENERATIONS OF ARTISTS AND ART HISTORIANS:IN 2023, THE FOUNDATION PROVIDED SCHOLARSHIP FUNDING FOR UNDERGRADUATE AND GRADUATE STUDENTS OF STUDIO ARTS OR ART HISTORY AT 16 UNIVERSITIES LOCATED IN SIX STATES AND FIVE COUNTRIES IN AFRICA, ASIA, AND OCEANIA. FUNDING INCLUDED PERMANENT ENDOWMENTS, MULTI-YEAR GRANTS, AND ONE-TIME SCHOLARSHIP AWARDS. IN ADDITION, THE FOUNDATION PROVIDED 10 YOUNG/EMERGING ARTISTS WITH INDIVIDUAL GRANTS. 72610 0 823815 PRESERVING & PROMOTING ARTISTIC LEGACY OF LIU SHIMING:IN 2023, THE FOUNDATION SUPPORTED FIVE EXHIBITIONS/EVENT ORGANIZED IN PARTNERSHIP WITH THE UNIVERSITY OF GEORGIA, MACAULAY HONORS COLLEGE, UNIVERSITY OF HAWAII, RUTGERS UNIVERSITY, AND QUEEN'S UNIVERSITY IN CANADA. IN ADDITION, THE FOUNDATION COMMISSIONED THE RESEARCH AND WRITING OF A MONOGRAPH ON THE LIFE AND WORK OF LIU SHIMING. 903929 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X XIAO LI LIANG 9176050098 15 EAST 40TH STREET FL 2 NEW YORK NY 10016 ZHIYONG YANG PRESIDENT 1.00 X X 0 0 0 SI YANG SECRETARY 1.00 X X 0 0 0 TRACY DANQUNG XU TREASURER 1.00 X X 0 0 0 GEOFFREY GLICK ACTING PRESIDENT 10.00 X 15000 0 0 15000 0 0 0 0 0 0 0 703013 703013 PROGRAM REVENUE 611710 713890 713890 713890 109925 0 109925 109925 1526828 823815 0 0 X 410270 410270 19500 19500 217432 217432 3500 3500 3399 3399 154337 154337 61697 61697 15337 6791 8546 17525 16299 1226 3402 3402 EXHIBITION EXPENSE 14201 14201 920600 903929 16671 0 169823 305231 20442 5063 0 15379 169823 320610 818 0 818 X 169823 319792 169823 319792 169823 320610 606228 -456259 0 X 0 1 X 0 0 X 50030 1451673 703013 2204716 50030 1451673 703013 2204716 2204716 2204716 823815 X SCH A, PART II: THE 2021 COLUMN OF SCHEDULE A, PART II REPRESENTS THE INITIAL SHORT YEAR OF THE ORGANIZATION FROM AUGUST 25, 2021 TO DECEMBER 31, 2021. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20442 5063 15379 15379 X 1671461 144633 144633 1526828 0 1526828 1065233 144633 144633 920600 0 920600 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE), THEREFORE, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE FINANCIAL STATEMENTS. THE FOUNDATION HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. THE FOUNDATION PRESENTLY DISCLOSES OR RECOGNIZES INCOME TAX POSITIONS BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAXES. MANAGEMENT HAS CONCLUDED THAT THE FOUNDATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT IN ITS FINANCIAL STATEMENTS. U.S. FORMS 990 FILED BY THE FOUNDATION ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. 1 EAST ASIA AND THE PACIFIC 0 0 GRANTS TO RECIPIENTS IN REGION. 214432 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS IN REGION. 3000 0 0 0 0 0 0 217432 0 217432 EAST ASIA AND THE PACIFIC PROVIDE SUPPORT AND FUNDING FOR ART STUDENTS 114132 WIRE 0 EAST ASIA AND THE PACIFIC PROVIDE SUPPORT AND FUNDING FOR ART STUDENTS 100300 WIRE 0 0 0 0 0 0 0 PART I, LINE 2: ONE OF THE PRIMARY PURPOSES OF THE LIU SHIMING ART FOUNDATION IS TO PROVIDE SUPPORT AND FUNDING FOR EMERGING ARTISTS, ESPECIALLY IN THE FIELD OF SCULPTURE. THE LIU SHIMING ART FOUNDATION PROVIDES SEED DONATIONS TO SET UP A LIU SHIMING SCHOLARS FUND AT UNIVERSITIES AND INSTITUTIONS AROUND THE WORLD. THE RECIPIENT INSTITUTIONS REWARD SCHOLARSHIPS ON AN ANNUAL BASIS TO THOSE WITH DEMONSTRATED FINANCIAL NEED, WHO SHOW PROMISE IN THE FIELD OF ART, HISTORY, AND MULTICULTURAL STUDIES. LIU SHIMING ART FOUNDATION SEEKS TO IDENTIFY COLLEGES AND UNIVERSITIES WITH A PREFERENCE FOR THOSE COLLEGES AND UNIVERSITIES WITH AN ART SCHOOL, SCULPTURE MAJOR OR CULTURAL STUDY DEPARTMENT FOR FUNDING OF THESE SCHOLARS FUNDS. ONCE FUNDS ARE GRANTED THE COLLEGE/UNIVERSITY WILL BE RESPONSIBLE FOR CHOOSING RECIPIENTS OF FUNDS AND THE FOUNDATION WILL REQUEST AND RETAIN FUND RECIPIENTS INFORMATION. PART I, LINE 3: EXPENSES ARE REPORTED ON CASH BASIS. 1 BOWDOIN COLLEGE 5400 COLLEGE STATION BRUNSWICK ME 04011 010215213 501 (C)(3) 6000 0 SCHOLARSHIP PROGRAMS WITH SCHOOLS TO SUPPORT STUDENTS IN ARTS AND CULTURAL STUDIES. MARIST COLLEGE 3399 NORTH RD POUGHKEEPSIE NY 12601 141442493 501 (C)(3) 63000 0 SCHOLARSHIP PROGRAMS WITH SCHOOLS TO SUPPORT STUDENTS IN ARTS AND CULTURAL STUDIES. THE UNIVERSITY OF TEXAS AT AUSTIN 9011 MOUNTAIN RIDGE SUITE 150 AUSTIN TX 78759 741587488 501 (C)(3) 75000 0 SCHOLARSHIP PROGRAMS WITH SCHOOLS TO SUPPORT STUDENTS IN ARTS AND CULTURAL STUDIES. UCINCINNATI FOUNDATION PO BOX 19970 CINCINNATI OH 45219 310896555 501 (C)(3) 75000 0 SCHOLARSHIP PROGRAMS WITH SCHOOLS TO SUPPORT STUDENTS IN ARTS AND CULTURAL STUDIES. UNIVERSITY OF NEBRASKA FOUNDATION PO BOX 82555 LINCOLN NE 68501 470379839 501 (C)(3) 74120 0 SCHOLARSHIP PROGRAMS WITH SCHOOLS TO SUPPORT STUDENTS IN ARTS AND CULTURAL STUDIES. UNIVERSITY OF OREGON FOUNDATION 1720 E 13TH AVE 410 EUGENE OR 97403 936015767 501 (C)(3) 108150 0 SCHOLARSHIP PROGRAMS WITH SCHOOLS TO SUPPORT STUDENTS IN ARTS AND CULTURAL STUDIES. OPEN DREAMS 735 YARMOUTH COURT SAN DIEGO CA 92109 472525191 501 (C)(3) 9000 0 SCHOLARSHIP PROGRAMS WITH SCHOOLS TO SUPPORT STUDENTS IN ARTS AND CULTURAL STUDIES. SCHOLARSHIPS 10 19500 PART I, LINE 2: ONE OF THE PRIMARY PURPOSES OF THE LIU SHIMING ART FOUNDATION IS TO PROVIDE SUPPORT AND FUNDING FOR EMERGING ARTISTS, ESPECIALLY IN THE FIELD OF SCULPTURE. THE LIU SHIMING ART FOUNDATION PROVIDES SEED DONATIONS TO SET UP A LIU SHIMING SCHOLARS FUND AT UNIVERSITIES AND INSTITUTIONS AROUND THE WORLD. THE RECIPIENT INSTITUTIONS REWARD SCHOLARSHIPS ON AN ANNUAL BASIS TO THOSE WITH DEMONSTRATED FINANCIAL NEED, WHO SHOW PROMISE IN THE FIELD OF ART, HISTORY, AND MULTICULTURAL STUDIES. LIU SHIMING ART FOUNDATION SEEKS TO IDENTIFY COLLEGES AND UNIVERSITIES WITH A PREFERENCE FOR THOSE COLLEGES AND UNIVERSITIES WITH AN ART SCHOOL, SCULPTURE MAJOR OR CULTURAL STUDY DEPARTMENT FOR FUNDING OF THESE SCHOLARS FUNDS. ONCE FUNDS ARE GRANTED THE COLLEGE/UNIVERSITY WILL BE RESPONSIBLE FOR CHOOSING RECIPIENTS OF FUNDS AND THE FOUNDATION WILL REQUEST AND RETAIN FUND RECIPIENTS INFORMATION. FORM 990, PART VI, SECTION B, LINE 11B THE PREPARED FORM 990 IS REVIEWED AND APPROVED BY THE MEMBERS OF THE GOVERNING BODY BEFORE THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION DOES NOT HAVE A CONFLICT OF INTEREST POLICY. FORM 990, PART IX, LINE 11G CONSULTING : PROGRAM SERVICE EXPENSES 154,337. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 154,337.