Lu-Wong Foundation
- Assets
- $236.5k
- Revenue
- $4.7k
- Investments
- $227.7k
- Employees
- 0
- Location
- Port Orchard, WA
- Founding
- 05/2014
- Data as of
- 12/2022
- EIN
- 46-3429434
Organization Overview
Lu-Wong Foundation is located in Port Orchard, WA. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Lu-Wong 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, Lu-Wong Foundation generated $4.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (17.0%) each year. All expenses for the organization totaled $15.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (22.5%) per year over the past 4 years. 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
REFUGEE ARTISAN INITIATIVE - FUNDRAISING EVENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Wong Chairperson | 0.5 | $0 | |
Fred Wong Treasurer Secretary | 1 | $0 | |
Eric Lindberg Board | 0.1 | $0 | |
Antoinette Lindberg Board | 0.1 | $0 | |
Millie Wong Board Member | 0.1 | $0 | |
Lillian Tang Board Member | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $1,999 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,746 |
| Capital Gain Net Income | $2,746 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,746 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $151 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $43 |
| Total operating and administrative expenses | $364 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $15,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,682 |
| Savings and temporary cash investments | $4,189 |
| 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 | $0 |
| Total assets | $236,545 |
| 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, Lu-Wong Foundation has awarded $15,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
GOODTIMES PROJECT PURPOSE: 501C3 FUNDRAISING EVENT | $5,000 |
TACOMA COMMUNITY HOUSE PURPOSE: 501C3 FUNDRAISING EVENT | $2,500 |
REFUGEE ARTISAN INITIVE PURPOSE: 501C3 FUNDRAISING EVENT | $2,000 |
REWA PURPOSE: 501C3 FUNDRAISING EVENT | $2,500 |
KIN ON PURPOSE: 501C3 FUNDRAISING EVENT | $1,000 |
TECHNOLOGY AND INFORMATION FOR ALL PURPOSE: 501C3 FUNDRAISING EVENT | $2,000 |