LIU SHIMING ART FOUNDATION
2024 · Form 990 · revenue $1.4M · expenses $1.4M · assets $1.0M
- EIN
- 87-2425228
- Address
- 15 E 40TH ST, NEW YORK, NY 10016-0401
- NTEE code
- A20
- Subsection
- 501(c)(3)
- Ruling year
- 2023
- Cross-check
- ProPublica Nonprofit Explorer
Mission
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.
Each tax year counts once: when a return was amended, only the latest return for that period is used below (superseded returns stay listed, greyed, under Finances).
People paid by the organization
1 person paid across every filing: current people first, then by total pay from this organization. Organizations counts every nonprofit each person appears on.
| Name | Latest title | Years | Latest year pay | Total pay from here | Organizations |
|---|---|---|---|---|---|
| Geoffrey Glick (former) | ACTING PRESIDENT | 2023 | $15,000 | $15,000 | 1 |
Unpaid officers and directors · 6 people
| Name | Latest title | Years | Organizations |
|---|---|---|---|
| Zhiyong Yang | PRESIDENT/CFO | 2021-2024 | 1 |
| Si Yang | SECRETARY | 2021-2024 | 1 |
| Tracy Danqung Xu | TREASURER | 2023-2024 | 1 |
| Puiking Hui | EXECUTIVE DIRECTOR | 2024 | 1 |
| Yu Bai (former) | TREASURER | 2021-2022 | 1 |
| Zezong Mao (former) | EXECUTIVE PRESIDENT | 2021-2022 | 1 |
People by year
2024 · 4 people listed · none paid · 6 employees · 1 volunteer
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| ZHIYONG YANG | PRESIDENT/CFO | 1 | $0 | $0 | $0 | $0 | 1 |
| SI YANG | SECRETARY | 1 | $0 | $0 | $0 | $0 | 1 |
| TRACY DANQUNG XU | TREASURER | 1 | $0 | $0 | $0 | $0 | 1 |
| PUIKING HUI | EXECUTIVE DIRECTOR | 10 | $0 | $0 | $0 | $0 | 1 |
2023 · 4 people listed · 1 paid, $15K · 0 employees · 2 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| GEOFFREY GLICK | ACTING PRESIDENT | 10 | $15,000 | $0 | $0 | $15,000 | 1 |
| ZHIYONG YANG | PRESIDENT | 1 | $0 | $0 | $0 | $0 | 1 |
| SI YANG | SECRETARY | 1 | $0 | $0 | $0 | $0 | 1 |
| TRACY DANQUNG XU | TREASURER | 1 | $0 | $0 | $0 | $0 | 1 |
2022 · 4 people listed · none paid · 0 employees · 10 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| ZHIYONG YANG | PRESIDENT | 1 | $0 | $0 | $0 | $0 | 1 |
| SI YANG | SECRETARY | 1 | $0 | $0 | $0 | $0 | 1 |
| YU BAI | TREASURER | 1 | $0 | $0 | $0 | $0 | 1 |
| ZEZONG MAO | EXECUTIVE PRESIDENT | 10 | $0 | $0 | $0 | $0 | 1 |
2021 · 4 people listed · none paid
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| ZHIYONG YANG | PRESIDENT | 1 | $0 | - | $0 | $0 | 1 |
| SI YANG | SECRETARY | 1 | $0 | - | $0 | $0 | 1 |
| YU BAI | TREASURER | 1 | $0 | - | $0 | $0 | 1 |
| ZEZONG MAO | EXECUTIVE PRESIDENT | 40 | $0 | - | $0 | $0 | 1 |
Highest-paid independent contractors
2024 · 1 contractor · $115K
| Name | Location | Service | Paid |
|---|---|---|---|
| GEOFFREY M GLICK | SILVER SPRING, MD | MANAGEMENT ADVISORY | $115,000 |
Who the money went to
Grants this organization reported paying: Schedule I Part II of the Form 990, or the grants-paid list on the 990-PF. Open a year for every recipient. Recipients link to their own page when the grant names an EIN we have (990-PF grants list no EIN, so those link only on an exact, unique name and state). Grants to individuals are counted; their names are not shown.
2024 · 4 grants to organizations · $161K
Listed grants add up to $160,560; the return's “grants paid” expense line says $623,764. Returns can differ here (grants paid vs. accrued, items listed elsewhere); check the filing.
2023 · 8 grants to organizations · $425K
Listed grants add up to $425,310; the return's “grants paid” expense line says $683,974. Returns can differ here (grants paid vs. accrued, items listed elsewhere); check the filing.
2022 · 7 grants to organizations · $567K
Listed grants add up to $566,606; the return's “grants paid” expense line says $1,042,606. Returns can differ here (grants paid vs. accrued, items listed elsewhere); check the filing.
Negative amounts are returned or refunded grants; they are listed last and left out of the totals of grants paid.
Who gave
Contributor names are not public for this form type.
Public charities filing Form 990 or 990-EZ report large donors on Schedule B, but the IRS withholds their names and addresses from public copies. Private foundations (990-PF) are different: their contributors are public.
Finances
Newest first. Each filing: its name on one row, its figures on the row beneath. Greyed filings are superseded by a later return for the same period and are left out everywhere else on this page.
| Revenue | Expenses | Assets | Net assets | Contributions | Program revenue | Officer pay | Employees | Volunteers |
|---|---|---|---|---|---|---|---|---|
| 2024 · Form 990 | ||||||||
| $1,436,925 | $1,431,741 | $1,009,313 | $272,544 | $1,026,925 | $410,000 | $0 | 6 | 1 |
| 2023 · Form 990 | ||||||||
| $1,550,713 | $981,257 | $320,610 | $267,360 | $703,013 | $847,700 | $15,000 | 0 | 2 |
| 2023 · Form 990 | ||||||||
| $1,526,828 | $920,600 | $320,610 | $319,792 | $703,013 | $713,890 | $15,000 | 0 | 2 |
| 2022 · Form 990 | ||||||||
| $1,451,673 | $1,283,836 | $169,823 | $169,823 | $1,451,673 | $0 | $0 | 0 | 10 |
| 2021 · Form 990EZ | ||||||||
| $50,030 | $48,044 | $1,986 | $1,986 | $50,030 | - | - | - | - |
Funders of this organization
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Where the money went
Every expense line on each return, biggest first: Form 990 Part IX (with its program, management and fundraising columns), 990-EZ Part I, or 990-PF Part I. Event marks lines the organization itself describes as events. “Events” in each summary adds those lines, conferences and meetings, and the direct costs of fundraising events. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.
2024 · Form 990 · $1,431,741 spent · pay $335,925 · grants $623,764 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Grants outside the US | $435,852 | $435,852 | - | - | 30.4% | |
| Other salaries and wages | $303,411 | $243,998 | $59,413 | - | 21.2% | |
| Fees: other services | $200,114 | $66,984 | $133,130 | - | 14.0% | |
| Grants to US organizations and governments | $177,912 | $177,912 | - | - | 12.4% | |
| Other (as described) | ACQUISITION OF ART WORK | $109,925 | $109,925 | - | - | 7.7% |
| Occupancy | $81,142 | $39,321 | $41,821 | - | 5.7% | |
| Office expenses | $36,413 | $26,101 | $10,312 | - | 2.5% | |
| Advertising and promotion | $27,355 | $27,355 | - | - | 1.9% | |
| Payroll taxes | $16,714 | $13,441 | $3,273 | - | 1.2% | |
| Other employee benefits | $15,800 | $12,706 | $3,094 | - | 1.1% | |
| Grants to US individuals | $10,000 | $10,000 | - | - | 0.7% | |
| Insurance | $6,115 | - | $6,115 | - | 0.4% | |
| Depreciation and depletion | $5,752 | - | $5,752 | - | 0.4% | |
| Travel | $5,023 | $252 | $4,771 | - | 0.4% | |
| Other (as described) | MISCELLENEOUS | $213 | - | $213 | - | 0.0% |
| Total | $1,431,741 | 100% |
2023 · Form 990 · $981,257 spent · pay $122,586 · grants $683,974 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Grants to US organizations and governments | $425,310 | $425,310 | - | - | 43.3% | |
| Grants outside the US | $222,732 | $222,732 | - | - | 22.7% | |
| Other salaries and wages | $122,586 | $76,628 | $45,958 | - | 12.5% | |
| Fees: other services | $74,750 | $74,750 | - | - | 7.6% | |
| Grants to US individuals | $35,932 | $35,932 | - | - | 3.7% | |
| Office expenses | $34,127 | $26,923 | $7,204 | - | 3.5% | |
| Travel | $20,359 | $13,413 | $6,946 | - | 2.1% | |
| Advertising and promotion | $19,481 | $19,481 | - | - | 2.0% | |
| Fees: investment management | $15,000 | - | $15,000 | - | 1.5% | |
| Fees: legal | $3,500 | - | $3,500 | - | 0.4% | |
| Depreciation and depletion | $3,402 | - | $3,402 | - | 0.3% | |
| Fees: accounting | $3,399 | $3,000 | $399 | - | 0.3% | |
| Other (as described) | MISCELLENEOUS | $679 | $147 | $532 | - | 0.1% |
| Total | $981,257 | 100% |
2022 · Form 990 · $1,283,836 spent · pay $0 · grants $1,042,606 · events $1,096
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Grants to US organizations and governments | $566,606 | $566,606 | - | - | 44.1% | |
| Grants outside the US | $476,000 | $476,000 | - | - | 37.1% | |
| Fees: other services | $61,345 | $55,329 | $6,016 | - | 4.8% | |
| Other (as described) | EXHIBITION EXPENSE | $61,028 | $61,028 | - | - | 4.8% |
| Office expenses | $51,122 | $22,635 | $28,487 | - | 4.0% | |
| Advertising and promotion | $35,502 | $35,502 | - | - | 2.8% | |
| Fees: legal | $21,750 | - | $21,750 | - | 1.7% | |
| Occupancy | $4,500 | $4,500 | - | - | 0.4% | |
| Fees: accounting | $2,894 | - | $2,894 | - | 0.2% | |
| Information technology | $1,650 | $1,650 | - | - | 0.1% | |
| Conferences, conventions and meetings | $1,096 | $1,096 | - | - | 0.1% | |
| Travel | $343 | $319 | $24 | - | 0.0% | |
| Total | $1,283,836 | 100% |
2021 · Form 990EZ · $48,044 spent · pay $0 · grants $48,000 · events $0
| Line | As described | Total | Share |
|---|---|---|---|
| Grants and similar amounts paid | $48,000 | 99.9% | |
| Other expenses (detail on Schedule O) | $44 | 0.1% | |
| Total | $48,044 | 100% |