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Hong Zhang & Liya Liang Foundation

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
−$53.1k (2024)

Expenses
$120k (2024)

Total Assets
$653k (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2011 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 Oct.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$53,129
Expenses
$120,425
Net Income
-$173,554
Net Assets
$653,025
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $50,000
Interest Revenue $1,554
Dividends $0
Sales of Assets -$104,683
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $120,419
100.0%
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 $653,025
Total Liabilities $0
Net Assets $653,025
Compensation
Key Employees and Officers Compensation Other
Hong Zhang (President) $0 $0
Liya Liang (Secretary) $0 $0

Document Links

Fiscal Year Ending Oct.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$108,725
Expenses
$23,472
Net Income
$85,253
Net Assets
$826,579
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $100,000
92.0%
Interest Revenue $1,636
1.5%
Dividends $0
Sales of Assets $7,089
6.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $23,429
99.8%
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 $826,579
Total Liabilities $0
Net Assets $826,579
Compensation
Key Employees and Officers Compensation Other
Hong Zhang (President) $0 $0
Liya Liang (Secretary) $0 $0

Document Links

Fiscal Year Ending Oct.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$15,138
Expenses
$8,969
Net Income
$6,169
Net Assets
$741,326
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $248
1.6%
Dividends $0
Sales of Assets $14,890
98.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,968
100.0%
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 $741,326
Total Liabilities $0
Net Assets $741,326
Compensation
Key Employees and Officers Compensation Other
Hong Zhang (President) $0 $0
Liya Liang (Secretary) $0 $0

Document Links

Fiscal Year Ending Oct.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$5,488
Expenses
$44,697
Net Income
-$50,185
Net Assets
$735,157
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $43
Dividends $0
Sales of Assets -$5,531
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $44,695
100.0%
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 $735,157
Total Liabilities $0
Net Assets $735,157
Compensation
Key Employees and Officers Compensation Other
Hong Zhang (President) $0 $0
Liya Liang (Secretary) $0 $0

Document Links

Fiscal Year Ending Oct.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$106,745
Expenses
$61,443
Net Income
$45,302
Net Assets
$785,341
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $150,000
> 100%
Interest Revenue $53
0.0%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $61,443
100%
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 $785,342
Total Liabilities $1
Net Assets $785,341
Compensation
Key Employees and Officers Compensation Other
Hong Zhang (President) $0 $0
Liya Liang (Secretary) $0 $0

Document Links

Fiscal Year Ending Oct.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$60,371
Expenses
$67,390
Net Income
-$7,019
Net Assets
$739,340
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $60,000
99.4%
Interest Revenue $510
0.8%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $63,905
94.8%
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 $740,040
Total Liabilities $700
Net Assets $739,340
Compensation
Key Employees and Officers Compensation Other
Hong Zhang (President) $0 $0
Liya Liang (Secretary) $0 $0

Document Links

Fiscal Year Ending Oct.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$171,287
Expenses
$64,500
Net Income
$106,787
Net Assets
$746,359
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $70,000
40.9%
Interest Revenue $277
0.2%
Dividends $0
Sales of Assets $101,010
59.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $64,455
99.9%
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 $747,104
Total Liabilities $745
Net Assets $746,359
Compensation
Key Employees and Officers Compensation Other
Hong Zhang (President) $0 $0
Liya Liang (Secretary) $0 $0

Document Links

Fiscal Year Ending Oct.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$60,029
Expenses
$63,765
Net Income
-$3,736
Net Assets
$639,572
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $60,000
100.0%
Interest Revenue $29
0.0%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $61,349
96.2%
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 $639,572
Total Liabilities $0
Net Assets $639,572
Compensation
Key Employees and Officers Compensation Other
Hong Zhang (President) $0 $0
Liya Liang (Secretary) $0 $0

Document Links

Fiscal Year Ending Oct.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$116,467
Expenses
$70,481
Net Income
$45,986
Net Assets
$643,308
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $70,000
60.1%
Interest Revenue $7
0.0%
Dividends $660
0.6%
Sales of Assets $45,753
39.3%
Other Income $47
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $69,900
99.2%
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 $643,308
Total Liabilities $0
Net Assets $643,308
Compensation
Key Employees and Officers Compensation Other
Hong Zhang (President) $0 $0
Liya Liang (Secretary) $0 $0

Document Links

Fiscal Year Ending Oct.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$427,948
Expenses
$11,961
Net Income
$415,987
Net Assets
$597,322
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $15,000
3.5%
Interest Revenue $10
0.0%
Dividends $300
0.1%
Sales of Assets $412,638
96.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $10,350
86.5%
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 $597,322
Total Liabilities $0
Net Assets $597,322
Compensation
Key Employees and Officers Compensation Other
Hong Zhang (President) $0 $0
Liya Liang (Secretary) $0 $0

Document Links

Fiscal Year Ending Oct.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$32,065
Expenses
$11,544
Net Income
$20,521
Net Assets
$181,335
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $8,000
24.9%
Interest Revenue $5
0.0%
Dividends $1,620
5.1%
Sales of Assets $22,440
70.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $10,974
95.1%
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 $181,335
Total Liabilities $0
Net Assets $181,335
Compensation
Key Employees and Officers Compensation Other
Hong Zhang (President) $0 $0
Liya Liang (Secretary) $0 $0

Document Links

Fiscal Year Ending Oct.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$53,739
Expenses
$20,388
Net Income
$33,351
Net Assets
$160,813
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $20,000
37.2%
Interest Revenue $7
0.0%
Dividends $1,620
3.0%
Sales of Assets $32,112
59.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $19,409
95.2%
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 $160,814
Total Liabilities $1
Net Assets $160,813

Document Links

Fiscal Year Ending Oct.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$32,572
Expenses
$13,159
Net Income
-$45,731
Net Assets
$127,462
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $10,000
Interest Revenue $0
Dividends $9
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $12,332
93.7%
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 $127,463
Total Liabilities $1
Net Assets $127,462

Document Links

Fiscal Year Ending Oct.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$227,585
Expenses
$17,171
Net Income
-$244,756
Net Assets
$173,194
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $54
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $16,134
94.0%
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 $173,204
Total Liabilities $10
Net Assets $173,194

Document Links

Fiscal Year Ending Oct.
2010

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

Fiscal Year Ending Oct.
2009

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

Fiscal Year Ending Oct.
2008

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

Fiscal Year Ending Oct.
2007

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

Fiscal Year Ending Oct.
2006

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

Fiscal Year Ending Oct.
2005

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

Fiscal Year Ending Oct.
2004

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

Fiscal Year Ending Oct.
2003

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

Fiscal Year Ending Oct.
2002

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

Fiscal Year Ending Oct.
2001

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

Fiscal Year Ending Oct.
2000

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

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.

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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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  • Raw filing data. Includes EINs and summary financials as structured data.
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  • 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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