Form 990 for tax year 2022
Filed by INTERNATIONAL LEADERSHIP FOUNDATION.
Totals
- Total revenue
- $746,980
- Total expenses
- $637,197
- Contributions and grants received
- $729,885
- Grants paid
- $126,326
- Program service revenue
- $0
- Investment income
- $17,095
- Other revenue
- $0
- Total assets, end of year
- $874,190
- Total liabilities, end of year
- $10,564
- Net assets or fund balances, end of year
- $863,626
- Program services expenses (Part IX)
- $564,423
- Management and general expenses
- $57,890
- Fundraising expenses
- $14,884
- Program service expenses (Part III)
- $564,423
Program services were 88.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$729,885
-
3 · Investment income
total $17,095 · related or exempt $17,095
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $45,775 · program services $45,775
-
2 · Grants to domestic individuals
total $80,551 · program services $80,551
-
5 · Compensation of officers, directors and key employees
total $138,734 · program services $119,700 · management and general $10,241 · fundraising $8,793
-
11g · Fees: other
total $144,486 · program services $129,854 · management and general $14,632
-
12 · Advertising and promotion
total $600 · program services $600
-
13 · Office expenses
total $15,189 · program services $6,314 · management and general $8,875
-
14 · Information technology
total $8,488 · management and general $8,488
-
16 · Occupancy
total $3,853 · management and general $3,853
-
17 · Travel
total $36,499 · program services $36,499
-
19 · Conferences, conventions and meetings
total $109,108 · program services $103,017 · fundraising $6,091
-
22 · Depreciation, depletion and amortization
total $408 · management and general $408
-
23 · Insurance
total $527 · program services $73 · management and general $454
-
24a · Other expenses: GIFTS
total $16,711 · program services $10,711 · management and general $6,000
-
24b · Other expenses: PROGRAM SUPPLIES
total $10,626 · program services $10,626
-
24c · Other expenses: REGISTRATION
total $4,939 · management and general $4,939
-
24d · Other expenses: PRINTED MATERIALS
total $18,968 · program services $18,968
-
24e · All other expenses
total $1,735 · program services $1,735
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $463,711 · end of year $568,446
-
2 · Savings and temporary cash investments
beginning of year $404,050 · end of year $304,456
-
9 · Prepaid expenses and deferred charges
beginning of year $3,916 · end of year $881
-
10a · Land, buildings and equipment: cost or other basis
$28,705
-
10b · Land, buildings and equipment: accumulated depreciation
$28,298
-
10c · Land, buildings and equipment, net
beginning of year $815 · end of year $407
-
17 · Accounts payable and accrued expenses
beginning of year $1,999 · end of year $10,564
-
27 · Net assets without donor restrictions
beginning of year $870,493 · end of year $863,626
Mission and programs · 2022
Mission
THE ILF PROMOTES THE CIVIC AWARENESS, INVOLVEMENT & EFFECTIVENESS OF ASIAN PACIFIC AMERICANS (APA). THE PUBLIC AFFAIRS FELLOWSHIP PROGRAM PROVIDES FUTURE ASIAN AMERICAN LEADERS WITH A PRACTICAL UNDERSTANDING OF HOW OUR GOVERNMENT WORKS.
-
LEADERSHIP & BUSINESS CONFERENCE AND ANNUAL AWARDS & SCHOLARSHIP GALA: THE ILF ALSO HOSTS A LEADERSHIP AND BUSINESS CONFERENCE WHICH INCLUDES A GLOBAL STRATIGIC ECONOMIC FORUM, BUSINESS TO BUSINESS MATCHMAKING AND THE ILFS ANNUAL SCHOLARSHIP AND AWARDS FALA TO RECOGNIZE EXEMPLARY CONTRIBUTIONS TO THE APA COMMUNITY. IT PROMOTES AND EDUCATES THE APA COMMUNITY TO GET INVOLVED IN MAINSTREAM ACTIVITIES AND ALSO PREPARES THE YOUNG GENERATION TO BECOME LEADERS IN THE PUBLIC BUSINESS, ACADEMIC COMMUNITY AND PROFESSIONAL ARENAS.
Expenses $320,709
-
ILF FELLOWSHIP AND LEADERSHIP TRAINING PROGRAM: THE ILF PROMOTES THE CIVIC AWARENESS, PUBLIC SERVICE AND ECONOMIC EFFECTIVENESS OF THE ASIAN PACIFIC AMERICAN (APA) COMMUNITY. ITS MISSION IS TO DEVELOP YOUNG LEADERS IN THE UNITED STATES AND OTHER PACIFIC RIM COUNTRIES IN THE FIELDS OF PUBLIC SERVICE, ENTREPRENEURSHIP AND THE INTERNATIONAL ARENA THROUGH A NETWORK OF BUSINESS AND COMMUNITY LEADERS. THE WASHINGTON CIVIC FELLOWSHIP IS A CIVIC LEADERSHIP DEVELOPMENT PROGRAM. EACH FELLOW PARTICIPATES IN A SUPERVISED TRAINING PROGRAM, INCLUDING A PUBLIC SERVICE INTERNSHIP TO LEARN ABOUT PUBLIC POLICY AND HOW TO NETWORK AND ACCESS GOVERNMENT TO HELP THE COMMUNITY. THE ILF AWARDS FELLOWSHIPS YEARLY FOR STUDENTS TO SPEND SEVERAL WEEKS INTERNING IN GOVERNMENT AGENCIES IN WASHINGTON, DC.
Expenses $207,623 · Grants $126,326
-
YOUTH LEADERSHIP ACADEMY & EDUCATIONAL TRAINING PROGRAM: THE ILF HAS A NETWORK OF NATIONAL ADVISORY BOARDS AND GLOBAL ADVISORY COUNCILS IN 15 CITIES, COMPRISED OF PROFESSIONAL, CIVIC, BUSINESS AND COMMUNITY LEADERS. EACH YEAR,ILF HOSTS A SERIES OF EDUCATIONAL EVENTS FOR OVER ONE HUNDRED ADVISORS WHICH ARE COMPRISED OF VARIOUS SEMINARS, TOURS, POLICY DISCUSSIONS, AND MEETINGS WITH MEMBERS OF CONGRESS AND OTHER HIGH-RANKING OFFICIALS.
Expenses $36,091
As filed on the 2022 return.
Listed in Part VII
-
Linh HoangLINH HOANG
EXECUTIVE DIRECTOR
- Total calculated
- $44,100
- From this org
- $44,100
- From related orgs
- $0
- Other
- $0
- Hours/week
- 20
-
Solomon ChenSOLOMON CHEN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Chiling TongCHILING TONG
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Paul HsuPAUL HSU
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Derek ChenDEREK CHEN
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Leona RuLEONA RU
CFO
- Total calculated
- $0
- Hours/week
- 5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
YUMI CARES FOUNDATION
$17,000
CHARITABLE DONATION
-
APAPA-GDC
$1,200
CHARITABLE DONATION
-
COALITION OF ASIAN AMERICAN BUSINES
no cash amount reported
CHARITABLE DONATION
-
BENEFIT TOMORROW
no cash amount reported
CHARITABLE DONATION
-
no cash amount reported
CHARITABLE DONATION
-
no cash amount reported
CHARITABLE DONATION
-
CONGRESSIONAL AWARD FOUNDATION
no cash amount reported
CHARITABLE DONATION
-
YOUTH CREATES LLC
no cash amount reported
CHARITABLE DONATION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 22 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202332699349301483
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