Luo Hui Foundation
- Assets
- $4.1m
- Revenue
- $312.9k
- Investments
- $3.9m
- Employees
- 0
- Location
- Atherton, CA
- Founding
- 12/2003
- Data as of
- 09/2021
- EIN
- 65-1207405
Organization Overview
Luo Hui Foundation is located in Atherton, CA. The organization was established in 2003. According to its NTEE Classification (T90) the organization is classified as: Named Trusts 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. Luo Hui 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 09/2021, Luo Hui Foundation generated $312.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 26.3% each year . All expenses for the organization totaled $67.6k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Luo Hui Foundation has awarded 34 individual grants totaling $265,826. 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 |
|---|---|---|---|
Tong Luo President & CEO | 4 | $0 | |
Min Hui Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $54,876 |
| Dividends & Interest | $0 |
| Net Rental Income | -$10,276 |
| Net Gain on Sale of Assets | $233,360 |
| Capital Gain Net Income | $233,360 |
| Net ST Capital Gain | $233,360 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $411 |
| Total Revenue | $312,915 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $8,020 |
| Taxes | $237 |
| Depreciation | $21,005 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,619 |
| Total operating and administrative expenses | $45,493 |
| Contributions, gifts, grants paid | $22,078 |
| Total expenses and disbursements | $67,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$194,489 |
| 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 | $2,201,500 |
| Investments—other | $40,000 |
| Net Land, buildings, and equipment | $390,956 |
| Other assets | $0 |
| Total assets | $4,070,639 |
| 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, Luo Hui Foundation has awarded $22,078 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
JUNIPERO SERRA HIGH SCHOOL PURPOSE: TO THE HOLISTIC FORMATION OF OUR STUDENTS. OUR COMMUNITY SUPPORTS STUDENTS IN THEIR JOURNEY TOWARDS BECOMING MEN OF FAITH, WISDOM, SERVICE, COMMUNITY AND LEADERSHIP. WE SEEK TO DEVELOP THE GIFTS AND TALENTS OF EACH STUDENT IN AN ENVIRONMENT OF EXCELLENCE AND MUTUAL RESPECT. | $20,178 |
STOP HUNGER NOW PURPOSE: TO END HUNGER BY PROVIDING FOOD AND LIFE CHANGING AID TO THE WORLDS MOST VULNERABLE AND CREATING A GLOBAL COMMITMENT MOBILIZE THE NECESSARY RESOURCES. | $800 |
STANFORD UNIVERSITY PURPOSE: ALTHOUGH STANFORDS ENDOWMENT DOES NOT COVER THE UNIVERSITYS ENTIRE BUDGET, IT MAKES AMAZING THINGS POSSIBLE; FROM ONE OF THE MOST GENEROUS FINANCIAL AID PROGRAMS IN THE UNITED STATES TO RESEARCH THAT BENEFITS THE WORLD. | $600 |
WINRED PURPOSE: FOR PROVIDING AND DISTRIBUTING EARMARKED CONTRIBUTIONS TO CANDIDATES AND COMMITTEES WITH ONLINE FUNDRAISING TOOLS. | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stephen M Silberstein Foundation Belvedere, CA | $79,901,221 | $6,376,686 |
Wholesale Beer Distributors Industry Trust Pleasanton, CA | $3,898,810 | $9,106,079 |
Tw Ld Mceachearn Las Vegas, NV | $148,667,574 | $29,051,713 |
Georgia A Lynch Trust Phoenix, AZ | $748,550 | $1,825,283 |
Rea Charitable Trust Las Vegas, NV | $108,024,869 | $14,015,969 |
Klm Foundation Los Angeles, CA | $0 | $8,859,147 |
Nobbs Family Foundation San Diego, CA | $61,708,862 | $4,055,115 |
P F Bresee Foundation Los Angeles, CA | $3,574,521 | $4,338,707 |
Carrico Family Foundation Medford, OR | $33,120,720 | $4,067,868 |
Hitz Foundation Palo Alto, CA | $70,645,117 | $12,925,863 |
Borina Foundation Burlingame, CA | $0 | $77,406 |
William A Badger Foundation 80108800 Las Vegas, NV | $45,476,386 | $5,276,997 |