2025-09-05T14:05:20-05:00 2024-12-31 474526160 EFPR GROUP CPAS PLLC 6390 MAIN STREET SUITE 200 WILLIAMSVILLE NY 14221 990 2024-01-01 872425228 LIU SHIMING ART FOUNDATION LIUS 9176050098 15 EAST 40TH STREET FLOOR 2 NEW YORK NY 10016 PUIKING HUI EXECUTIVE DIRECTOR 9176050098 2025-09-04 1 0 DAVID A URBAN CPA P00630018 7166340700 2025-09-04 2024 2025-03-06 01:10:19Z PUIKING HUI 15 EAST 40TH STREET FLOOR 2 NEW YORK NY 10016 1436925 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 6 1 0 0 703013 1026925 847700 410000 0 0 0 0 1550713 1436925 683974 623764 0 0 122586 335925 0 0 0 174697 472052 981257 1431741 569456 5184 320610 1009313 53250 736769 267360 272544 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 524510 506089 SUPPORTING FUTURE GENERATIONS OF ARTISTS AND ARTHISTORIANS: IN 2024, THE FOUNDATION PROVIDED SCHOLARSHIP FUNDING FORUNDERGRADUATE AND GRADUATE STUDENTS OF STUDIO ARTS OR ART HISTORY AT 13UNIVERSITIES LOCATED IN TWO STATES AND 11 COUNTRIES IN AFRICA, CANADA,EUROPE, THE MIDDLE EAST, AND OCEANIA. FUNDING INCLUDED PERMANENTENDOWMENTS, MULTI-YEAR GRANTS, AND ONE-TIME SCHOLARSHIP AWARDS. INADDITION, THE FOUNDATION PROVIDED SIX EARLY CAREER ARTISTS WITH INDIVIDUALGRANTS. 639337 117675 410000 PRESERVING & PROMOTING ARTISTIC LEGACY OF LIU SHIMING:IN 2024, THE FOUNDATION ORGANIZED TWO EXHIBITIONS AT THE LIU SHIMINGART GALLERY, SUPPORTED TWO ADDITIONAL EXHIBITIONS ORGANIZED INPARTNERSHIP WITH THE UNIVERSITY OF NEBRASKA AT LINCOLN AND QUEEN'SUNIVERSITY IN CANADA, AND PROVIDED FUNDING FOR A FUTURE EXHIBITION ATARIZONA STATE ART MUSEUM. IN ADDITION, THE FOUNDATION COMMISSIONED AMONOGRAPH AND AWARDED RESEARCH GRANTS TO INDEPENDENT SCHOLARSSTUDYING THE LIFE AND WORK OF LIU SHIMING. 1163847 1 1 0 0 0 0 0 1 0 0 1 0 0 1 1 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 1 0 0 0 1 8 0 1 6 1 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 NY X XIAO LI LIANG 9176050098 15 EAST 40TH STREET FL 2 NEW YORK NY 10016 X ZHIYONG YANG PRESIDENT/CFO 1.00 0.50 X X 0 0 0 SI YANG SECRETARY 1.00 0.50 X X 0 0 0 TRACY DANQUNG XU TREASURER 1.00 0.50 X X 0 0 0 PUIKING HUI EXECUTIVE DIRECTOR 10.00 0.50 X 0 0 0 0 0 0 0 0 0 0 GEOFFREY M GLICK 9124 SUDBURY ROAD SILVER SPRING MD 20901 MANAGEMENT ADVISORY 115000 1 1026925 1026925 MANAGEMENT SERVICES 611710 410000 410000 410000 1436925 410000 0 0 X 177912 177912 10000 10000 435852 435852 303411 243998 59413 15800 12706 3094 16714 13441 3273 200114 66984 133130 27355 27355 36413 26101 10312 81142 39321 41821 5023 252 4771 5752 5752 6115 6115 ACQUISITION OF ART WORK 109925 109925 MISCELLENEOUS 213 213 1431741 1163847 267894 0 305231 439432 30740 10815 15379 19925 0 549956 320610 1009313 818 12796 52432 186959 0 537014 53250 736769 X 157435 272544 109925 0 267360 272544 320610 1009313 5184 0 X X 0 1 X 0 0 X 50030 1451673 703013 1026925 3231641 50030 1451673 703013 1026925 3231641 1165884 2065757 3231641 1257700 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 X X X 0 30740 10815 19925 19925 RIGHT OF USE ASSET- OPERATING LEASE 537014 SECURITY DEPOSITS 12942 549956 OPERATING LEASE LIABILITY 537014 537014 X 1619975 183050 183050 1436925 0 1436925 1614791 183050 183050 1431741 0 1431741 PART III, LINE 1A: IT IS THE FOUNDATION'S POLICY TO PURCHASE WORKS OF ART WITH DONOR RESTRICTED FUNDS, INCLUDING CONTRIBUTIONS RECEIVED FOR SUCH PURPOSE, AND PROCEEDS FROM THE DEACCESSIONING OF OTHER WORKS OF ART. IT IS THE FOUNDATION'S POLICY NOT TO CAPITALIZE ITS COLLECTION OF WORKS OF ART. THEREFORE, THE VALUE OF ART OBJECTS IS NOT INCLUDED ON THE STATEMENT OF FINANCIAL POSITION. ADDITIONALLY, NO DETERMINATION HAS BEEN MADE OF THE AGGREGATE VALUE OF SUCH ASSETS FOR FINANCIAL REPORTING PURPOSES. CONTRIBUTIONS OF WORKS OF ART ARE TREATED IN THE SAME MANNER AS PURCHASES OF WORKS OF ART IN THAT THEY ARE NOT CAPITALIZED. PROCEEDS FROM DEACCESSIONED OBJECTS ARE REFLECTED ON THE STATEMENT OF ACTIVITIES AS NET ASSETS WITH DONOR RESTRICTIONS, BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. USE OF THE PROCEEDS OF DEACCESSIONED OBJECTS ARE RESTRICTED SOLELY TO THE ACQUISITION OF NEW WORKS, OR THE CONSERVATION OR REPAIR OF EXISTING WORKS IN THE COLLECTION. PART III, LINE 4: THE LIU SHIMING ART FOUNDATION SEEKS TO PRESERVE THE WORKS OF ACCLAIMED CHINESE ARTIST LIU SHIMING AND TO ADVANCE THE GLOBAL DISCOURSE SURROUNDING THE ARTS, HISTORY AND CULTURE. 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. 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM GRANTS TO UNIVERSITIES IN THE REGION. 109000 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, GRANTS TO UNIVERSITIES IN THE REGION. 12000 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, GRANTS TO UNIVERSITIES IN THE REGION. 103000 EUROPE (INCLUDING ICELAND & GREENLAND) GRANTS TO UNIVERSITIES IN THE REGION. 124000 NORTH AMERICA GRANTS TO UNIVERSITIES IN THE REGION. 87852 0 0 0 0 0 0 435852 0 435852 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, PROVIDE SUPPORT AND FUNDING FOR ART STUDENTS 109000 WIRE 0 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, PROVIDE SUPPORT AND FUNDING FOR ART STUDENTS 106000 WIRE 0 MIDDLE EAST AND NORTH AFRICA PROVIDE SUPPORT AND FUNDING FOR ART STUDENTS 103000 WIRE 0 NORTH AMERICA PROVIDE SUPPORT AND FUNDING FOR ART STUDENTS 87852 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) PROVIDE SUPPORT AND FUNDING FOR ART STUDENTS 15000 WIRE 0 SUB-SAHARAN AFRICA PROVIDE SUPPORT AND FUNDING FOR ART STUDENTS 9000 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. 1 RUTGERS UNIVERSITY FOUNDATION 335 GEORGE STREET NEW BRUNSWICK NJ 08901 237318742 501 (C)(3) 21885 0 SCHOLARSHIP PROGRAMS WITH SCHOOLS TO SUPPORT STUDENTS IN ARTS AND CULTURAL STUDIES. ARIZONA STATE UNIVERSITY FOUNDATION PO BOX 2260 TEMPE AZ 85280 866051042 501 (C)(3) 117675 0 SCHOLARSHIP PROGRAMS WITH SCHOOLS TO SUPPORT STUDENTS IN ARTS AND CULTURAL STUDIES. COLUMBIA UNIVERSITY 615 WEST 131ST STREET MC 8741 NEW YORK NY 10027 135598093 501 (C)(3) 6000 0 SCHOLARSHIP PROGRAMS WITH SCHOOLS TO SUPPORT STUDENTS IN ARTS AND CULTURAL STUDIES. THE CHAPEL & YORK US FOUNDATION INC 1350 AVENUE OF THE AMERICAS FL 25 STE 266 NEW YORK NY 10019 812161937 501 (C)(3) 15000 0 SCHOLARSHIP PROGRAMS WITH SCHOOLS TO SUPPORT STUDENTS IN ARTS AND CULTURAL STUDIES. SCHOLARSHIPS 6 10000 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 66,984. MANAGEMENT AND GENERAL EXPENSES 133,130. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 200,114. FORM 990, PART XII, LINE 2C: NO CHANGES HAVE TAKEN PLACE DURING THE FISCAL YEAR ENDED DECEMBER 31, 2024. LIU SHIMING ART GALLERY 15 EAST 40TH STREET FLOOR 2 NEW YORK NY 10016 ART GALLERY NY C 276406 -153758 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0