Louie Family Foundation
- Assets
- $161.9k
- Revenue
- $6.3k
- Investments
- $151.3k
- Employees
- 0
- Location
- San Marino, CA
- Founding
- 07/2008
- Data as of
- 12/2023
- EIN
- 26-1310031
Organization Overview
Louie Family Foundation is located in San Marino, CA. The organization was established in 2008. 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. Louie Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Louie Family Foundation has awarded 35 individual grants totaling $113,557. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO VARIOUS 501(C)3 ORGANIZATIONS-SEE PART XV
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Louie President | 2 | $0 | |
Elizabeth Chikumi Secretary | 1 | $0 | |
David Louie CFO | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,360 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,283 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$330 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,313 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,883 |
| Total operating and administrative expenses | $6,813 |
| Contributions, gifts, grants paid | $30,700 |
| Total expenses and disbursements | $37,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,546 |
| 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 | $151,314 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $161,860 |
| 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, Louie Family Foundation has awarded $30,700 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF THE CHINATOWN LIBRARY PURPOSE: EVANS COMMUNITY ADULT SCHOOL AND SCHOLARSHIPS | $1,000 |
CHINESE HISTORICAL SOCIETY OF SOCAL PURPOSE: SUPPORT PRESERVATION AND COMMUNITY OUTREACH | $10,000 |
CATALYST SAN GABRIEL VALLEY PURPOSE: SUPPORT YOUTH AND FAMILIES IN THE COMMUNITY | $5,000 |
COMMUNITY INITIATIVES 1871 MEMORIAL PURPOSE: SUPPORT YOUTH AND FAMILIES IN THE COMMUNITY | $5,000 |
COMMUNITY PARTNERS DAYS OF DIALOGUE PURPOSE: SUPPORT YOUTH AND FAMILIES IN THE COMMUNITY | $5,000 |
ASIAN WOMENS RESOURCE CENTER PURPOSE: MAINTAIN AND EXPAND EDUCATIONAL PROGRAMS AND SOCIAL SERVICES | $500 |