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Shu Tung And Alice Li Foundation Inc

  • Oakland, NJ
  • Tax-exempt since July 2017
  • EIN: 81-4754976

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.98M (2024)

Expenses
$2.32M (2024)

Total Assets
$47.7M (2024)

Total Liabilities
$9.2k (2024)

Source: Form 990 tax filings from 2017 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Sept.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,975,324
Expenses
$2,319,961
Net Income
-$344,637
Net Assets
$47,663,441
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $1,349,506
68.3%
Sales of Assets $624,206
31.6%
Other Income $1,612
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,426,502
61.5%
Compensation of Officers* $304,336
13.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $47,672,640
Total Liabilities $9,199
Net Assets $47,663,441
Compensation
Key Employees and Officers Compensation Other
Shu Tung Li (Trustee) $168,269 $660
Debbie Yuen (General Manger) $137,981 $24,775
Tina Li (Trustee) $136,067 $13,914
Shuanhu Zhou (Scientist) $120,921 $4,249
Nahid Okanovic (Facility Manager) $114,500 $10,990
Wei Chang (Scientist) $94,939 $11,665
Kevin Caparino (Scientist) $80,662 $10,371
Alice Li (Trustee) $0 $0
Peggy Hansen (Trustee) $0 $0
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Document Links

990-PF
Filed on Aug. 14, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Sept.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,296,442
Expenses
$1,993,525
Net Income
-$697,083
Net Assets
$48,008,078
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $1,168,690
90.1%
Sales of Assets $131,962
10.2%
Other Income -$4,210
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,145,669
57.5%
Compensation of Officers* $308,932
15.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $48,036,166
Total Liabilities $28,088
Net Assets $48,008,078
Compensation
Key Employees and Officers Compensation Other
Shu Tung Li (Trustee) $175,000 $637
Tina Li (Trustee) $133,932 $11,847
Nahid Okanovic (Facility Manager) $96,287 $9,988
Wei Chang (Scientist) $92,033 $10,291
Kevin Caparino (Scientist) $81,652 $6,043
Zongdong Li (Scientist) $63,375 $2,448
Debbie Yuen (General Manger) $62,500 $24,233
Alice Li (Trustee) $0 $0
Peggy Hansen (Trustee) $0 $0
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Document Links

990-PF
Filed on Aug. 9, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Sept.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,381,515
Expenses
$1,423,433
Net Income
-$41,918
Net Assets
$48,705,161
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $1,095,952
79.3%
Sales of Assets $211,148
15.3%
Other Income $74,415
5.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $743,654
52.2%
Compensation of Officers* $302,772
21.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $48,744,362
Total Liabilities $39,201
Net Assets $48,705,161
Compensation
Key Employees and Officers Compensation Other
Shu Tung Li (Trustee) $175,000 $138
Tina Li (Trustee) $127,772 $4,403
Nahid Okanovic (Facility Manager) $101,923 $3,001
Wei Chang (Scientist) $84,833 $2,999
Kevin Caparino (Scientist) $73,395 $2,249
Alice Li (Trustee) $0 $0
Peggy Hansen (Trustee) $0 $0
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Document Links

990-PF
Filed on Aug. 7, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Sept.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$987,707
Expenses
$1,303,609
Net Income
-$315,902
Net Assets
$48,750,511
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $948,479
96.0%
Sales of Assets $39,228
4.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $556,135
42.7%
Compensation of Officers* $290,879
22.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $48,787,018
Total Liabilities $36,507
Net Assets $48,750,511
Compensation
Key Employees and Officers Compensation Other
Shu Tung Li (Trustee) $175,000 $115
Tina Li (Trustee) $115,879 $1,603
Wei Chang (Scientist) $90,969 $1,361
Nahid Okanovic (Facility Manager) $83,728 $1,309
Gan Zhou (Scientist) $36,135 $1,690
Karoly Jakab (Scientist) $27,853 $0
Kevin Caparino (Scientist) $5,033 $0
Alice Li (Trustee) $0 $0
Peggy Hansen (Trustee) $0 $0
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Document Links

990-PF
Filed on Aug. 9, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Sept.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,061,571
Expenses
$1,125,285
Net Income
-$63,714
Net Assets
$49,066,413
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $480,895
45.3%
Interest Revenue $300
0.0%
Dividends $693,416
65.3%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $642,016
57.1%
Compensation of Officers* $261,250
23.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $49,122,499
Total Liabilities $56,086
Net Assets $49,066,413
Compensation
Key Employees and Officers Compensation Other
Shu Tung Li (Trustee) $160,417 $0
Tina Li (Trustee) $100,833 $6,336
Nahid Okanovic (Facility Manager) $73,333 $5,008
Wei Chang (Scientist) $66,000 $5,229
Alice Li (Trustee) $0 $0
Peggy Hansen (Trustee) $0 $0
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Document Links

990-PF
Filed on Aug. 12, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Sept.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$48,711,090
Expenses
$35,047
Net Income
$48,676,043
Net Assets
$49,130,126
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $48,561,700
99.7%
Interest Revenue $141,360
0.3%
Dividends $8,448
0.0%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $49,130,127
Total Liabilities $1
Net Assets $49,130,126
Compensation
Key Employees and Officers Compensation Other
Shu Tung Li (Trustee) $0 $0
Alice Li (Trustee) $0 $0
Tina Li (Trustee) $0 $0
Peggy Hansen (Trustee) $0 $0
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Document Links

990-PF
Filed on Aug. 10, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$17,844
Expenses
$15,491
Net Income
$2,353
Net Assets
$454,084
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $67
0.4%
Dividends $12,123
67.9%
Sales of Assets $5,654
31.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $4,000
25.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $454,084
Total Liabilities $0
Net Assets $454,084
Compensation
Key Employees and Officers Compensation Other
Shu Tung Li (Trustee) $0 $0
Alice Li (Trustee) $0 $0
Peggy Hansen (Trustee) $0 $0
Tina Li (Trustee) $0 $0
+ View more people

Document Links

990-PF
Filed on Sept. 12, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$21,896
Expenses
$56,192
Net Income
-$34,296
Net Assets
$451,731
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $13,771
62.9%
Sales of Assets $8,125
37.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $51,050
90.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $451,731
Total Liabilities $0
Net Assets $451,731
Compensation
Key Employees and Officers Compensation Other
Shu Tung Li (Trustee) $0 $0
Alice Li (Trustee) $0 $0
Peggy Hansen (Trustee) $0 $0
Tina Li (Trustee) $0 $0
+ View more people

Document Links

990-PF
Filed on Aug. 17, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

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E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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