Overview
What is Lit Charitable Inc?
Lit Charitable Inc is a recently established nonprofit organization, situated yet to be disclosed, dedicated to serving as a sponsoring entity for donor-advised funds. This role allows individuals or organizations to establish and manage charitable funds, directing contributions to various worthy causes without immediate distribution. As of now, Lit Charitable Inc has not initiated its activities, but its primary mission remains centered around this purpose.
Is Lit Charitable Inc legitimate?
Lit Charitable Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lit Charitable Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Lit Charitable Inc?
Lit Charitable Inc's mission, as stated, is to function as a sponsoring organization for donor-advised funds. At present, the organization has not commenced its activities. In essence, Lit Charitable Inc aims to facilitate individuals or entities in setting up and managing donor-advised funds, providing a platform for charitable giving. However, as of now, the organization has not begun carrying out these duties.
Who is the CEO of Lit Charitable Inc?
Ying Jie Bi is the Chair of Lit Charitable Inc.
What is the revenue of Lit Charitable Inc?
Lit Charitable Inc's revenue in 2022 was $0.
Who are the executives of Lit Charitable Inc and what are their salaries?
There 7 volunteers at Lit Charitable Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Lit Charitable Inc?
Lit Charitable Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lit Charitable Inc
Lit Charitable Inc, as a sponsoring organization, is dedicated to facilitating donor-advised funds. At present, the organization has not commenced its activities. Its mission lies in providing a platform for individuals to manage their charitable contributions, allowing them to recommend grants to their preferred charitable organizations at their own pace and convenience. By acting as a sponsor, Lit Charitable Inc enables donors to engage in philanthropic activities with ease and efficiency. However, it's important to note that as of now, the organization has not yet started its operations.
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Impact
October, 2024
Lit Charitable Inc aims to facilitate philanthropic giving through the establishment of donor-advised funds, providing a structured avenue for individuals and organizations to contribute to causes they care about. While it has not yet initiated its activities, the organization is positioned to enhance charitable giving by offering donors greater control over how their contributions are allocated and used. This approach empowers donors to support a diverse range of initiatives, thus potentially amplifying their impact in the community and beyond. By promoting effective philanthropy, Lit Charitable Inc seeks to foster a culture of giving, ultimately benefiting various sectors and organizations through strategic funding.
This information is meant to be a general summary of Lit Charitable Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2021
Phone
(415) 517-1079Principal Officer
Ying Jie Bi
Main Address
Pier 5 101, San Francisco, CA, 94111
NTEE Category
Code: T99 - Philanthropy
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