Lu Family Foundation
- Assets
- $191.7k
- Revenue
- $10.4k
- Investments
- $168.6k
- Employees
- 0
- Location
- Bellevue, WA
- Founding
- Data as of
- 12/2023
- EIN
- 87-3313651
Organization Overview
Lu Family Foundation is located in Bellevue, WA. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lu 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.
For the year ending 12/2023, Lu Family Foundation generated $10.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (41.0%) each year. All expenses for the organization totaled $16.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sophia Lu Officer | 2 | $0 | |
Roberto Lu Officer | 1 | $0 | |
Winifred Lu Director | 0.5 | $0 | |
Patricia Lu Director | 0.5 | $0 | |
Stephanie Lu Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25 |
| Dividends & Interest | $822 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,551 |
| Capital Gain Net Income | $9,551 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,398 |
| 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 | $9,519 |
| Printing and publications | $10 |
| Other expenses | $176 |
| Total operating and administrative expenses | $9,705 |
| Contributions, gifts, grants paid | $6,906 |
| Total expenses and disbursements | $16,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,190 |
| Savings and temporary cash investments | $6,973 |
| 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 | $191,749 |
| 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 Family Foundation has awarded $6,906 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NINELINE VETERAN SERVICES PURPOSE: SUPPORT VETERAN MEDICAL EDUCATIONAL AND WELLBEINGS SERVICES | $100 |
SEATTLE HUMANE SOCIETY PURPOSE: SUPPORT ANIMAL SHELTERS | $100 |
GIVE2ASIA PURPOSE: DONATE TO GIVE2ASIA AND THEN TO FENG CHIA UNIVERSITY IN TAIWAN WHICH IS OUR ALMA MATER. THE DONATION WILL FUND DEPARTMENT OF MATERIAL SCIENCE AND ENGINEERING FOR LOW-INCOME FAMILY SCHOLARSHIP. | $6,600 |
NATIONAL MULTIPLE SCLEROSIS SOCIETY PURPOSE: SUPPORT MS RESEARCH AND CURE FOR THE DISEASE | $106 |