Luos Foundation
- Assets
- $1.0m
- Revenue
- $260.0k
- Investments
- $260.5k
- Employees
- 0
- Location
- Richarsdon, TX
- Founding
- 09/2015
- Data as of
- 04/2024
- EIN
- 47-4532868
Organization Overview
Luos Foundation is located in Richarsdon, TX. The organization was established in 2015. 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. Luos 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 04/2024, Luos Foundation generated $260.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $88.9k during the year ending 04/2024. While expenses have increased by 10.2% per year over the past 8 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.
Since 2018, Luos Foundation has awarded 25 individual grants totaling $251,070. 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 |
|---|---|---|---|
Heng Luo CFO | 20 | $0 | |
Yuyi Li Director | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,908 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,141 |
| Capital Gain Net Income | $7,141 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $260,049 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,967 |
| Depreciation | $0 |
| Occupancy | $1,262 |
| Travel, conferences, and meetings | $6,061 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $88,674 |
| Contributions, gifts, grants paid | $200 |
| Total expenses and disbursements | $88,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $759,193 |
| Savings and temporary cash investments | $0 |
| 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 | $1,019,667 |
| 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, Luos Foundation has awarded $45,450 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
GUANGZHOU YIYUAN SENIOR HOME PURPOSE: TO SUPPORT SENIOR HOME | $15,000 |
XINGCHEN CHILDRENS REHABILITATION PURPOSE: EDUCATIONAL | $15,000 |
DALLAS CHINESE ART ASSOCIATION PURPOSE: RELIGIOUS DONATION | $300 |
GUANGZHOU YOUHAO SENIOR HOME PURPOSE: TO SUPPORT SENIOR HOME | $15,000 |
PLANO CHINESE ALLIANCE CHURCH PURPOSE: TO PROMOTE ASIAN CULTURE | $150 |