Luan Foundation
- Assets
- $2.2m
- Revenue
- $407.4k
- Investments
- $190.8k
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 12/2005
- Data as of
- 10/2022
- EIN
- 20-3724211
Organization Overview
Luan Foundation is located in San Jose, CA. The organization was established in 2005. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Luan 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 10/2022, Luan Foundation generated $407.4k in total revenue. All expenses for the organization totaled $260.0k during the year ending 10/2022. While expenses have increased by 38.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,975 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $392,413 |
| Capital Gain Net Income | $392,413 |
| Net ST Capital Gain | $392,413 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $407,388 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $3,761 |
| Taxes | $28,993 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,756 |
| Printing and publications | $0 |
| Other expenses | $119,741 |
| Total operating and administrative expenses | $164,956 |
| Contributions, gifts, grants paid | $95,000 |
| Total expenses and disbursements | $259,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,139 |
| Savings and temporary cash investments | $1,924,668 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $83,000 |
| Total assets | $2,203,608 |
| 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, Luan Foundation has awarded $25,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MIT PURPOSE: TO ADVANCE EDUCATION IN SCIENCE AND TECHNOLOGY | $10,000 |
BROWN UNIVERSITY PURPOSE: TO ADVANCE EDUCATION | $10,000 |
BELLEVUE LIFESPRING PURPOSE: PROVIDE FOOD AND CLOTHING FOR CHILDREN | $5,000 |