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Nonprofiteer
← ELIM PALMTREES INCORPORATED

Form 990 for tax year 2022

Filed by ELIM PALMTREES INCORPORATED.

Totals

Total revenue
$8,400
Total expenses
$444,775
Contributions and grants received
$8,400
Grants paid
$392,025
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,704,469
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,704,469
Program services expenses (Part IX)
$399,025
Management and general expenses
$45,750
Fundraising expenses
$0
Program service expenses (Part III)
$399,025

Program services were 89.7% 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

    $8,400

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $165,075 · program services $165,075

  • 2 · Grants to domestic individuals

    total $105,500 · program services $105,500

  • 3 · Grants to foreign organizations and individuals

    total $121,450 · program services $121,450

  • 11g · Fees: other

    total $42,016 · management and general $42,016

  • 24a · Other expenses: RETURN OF DONATION FROM

    total $7,000 · program services $7,000 · management and general $0

  • 24b · Other expenses: OPERATING EXPENSE

    total $3,734 · program services $0 · management and general $3,734

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,838,044 · end of year $404,655

  • 12 · Investments: other securities

    beginning of year $303,000 · end of year $1,299,814

  • 25 · Other liabilities

    beginning of year $200 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,140,844 · end of year $1,704,469

Mission and programs · 2022

Mission

ELIM PALMTREES INC. (THE ORGANIZATION") IS A CHRISTIAN NON-PROFIT ORGANIZATION. THE GOALS OF THE ORGANIZATION ARE TO 1) SUPPORT CHRISTIAN ORGANIZATIONS LIKE DALLAS THEOLOGICAL SEMINARY, FOCUS ON THE FAMILY AND MANY OTHERS, 2) SUPPORT SOME MISSIONARIES OR PASTORS AND, 3) HELP ANY EVENTS LIKE NATURE DISASTER OR INDIVIDUALS NEED EMERGENCY HELP.

Activities or mission (Part I)

THE ORGANIZATION'S MISSION IS TO 1) SUPPORT CHRISTIAN ORGANIZATIONS LIKE DALLAS THEOLOGICAL SEMINARY, FOCUS ON THE FAMILY AND MANY OTHERS, 2) SUPPORT SOME MISSIONARIES OR PASTORS AND, 3) HELP ANY EVENTS LIKE NATURE DISASTER OR INDIVIDUALS NEED EMERGENCY HELP.

  • SUPPORTING CHRISTIAN ORGANIZATIONS LIKE THE DALLAS THEOLOGICAL SEMINARY, FOCUS ON THE FAMILY AND MANY OTHERS. WE WILL ALSO SUPPORT SOME MISSIONARIES OR PASTORS. BUT THIS ORGANIZATION WILL NOT LIMIT ITSELF TO CHRISTIAN SOCIETY. WE WILL DEFINITELY DO OUR BEST TO HELP ANY EVENTS LIKE NATURAL DISASTER OR INDIVIDUALS IN NEED OF EMERGENCY HELP.

    Expenses $399,025 · Grants $392,025

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ETHAN WANG

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • TIANZHONG LI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • XIAOQIANG LI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343199349310144

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