Luke Charitable Foundation
- Assets
- $4.6m
- Revenue
- $97.8k
- Investments
- $4.4m
- Employees
- 0
- Location
- Pawtucket, RI
- Founding
- 06/2005
- Data as of
- 12/2022
- EIN
- 20-2597824
Organization Overview
Luke Charitable Foundation is located in Pawtucket, RI. The organization was established in 2005. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Luke Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Luke Charitable Foundation generated $97.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $295.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Luke Charitable Foundation has awarded 180 individual grants totaling $1,787,074. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chiu Yip Trustee | 0 | $0 | |
Tze Ping Ng Trustee | 0 | $0 | |
Robert Billington Trustee | 0 | $0 | |
Shirley Wu Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $69 |
| Dividends & Interest | $97,699 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $153,514 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $97,768 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,801 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $36,424 |
| Printing and publications | $0 |
| Other expenses | $88,530 |
| Total operating and administrative expenses | $129,455 |
| Contributions, gifts, grants paid | $165,510 |
| Total expenses and disbursements | $294,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,267 |
| Savings and temporary cash investments | $82,695 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $518,628 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,556,091 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Luke Charitable Foundation has awarded $165,510 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
INTERNATIONAL LEADERSHIP FOUNDATION PURPOSE: OPERATING | $30,000 |
BLACKSTONE VALLEY TOURISM COUNCIL PURPOSE: OPERATING | $30,000 |
RI ASSOC OF CHINESE AMERICANS PURPOSE: OPERATING | $15,900 |
WILLIAM E TOLMAN HIGH SCHOOL PURPOSE: OPERATING | $4,000 |
SHEA HIGH SCHOOL PURPOSE: OPERATING | $4,000 |
BLACKSTONE ACADEMY PURPOSE: OPERATING | $4,000 |