Luo Family Foundation Inc
- Assets
- $52.9k
- Revenue
- $187.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Alameda, CA
- Founding
- 09/2000
- Data as of
- 12/2023
- EIN
- 94-3371469
Organization Overview
Luo Family Foundation Inc is located in Alameda, CA. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Luo Family Foundation Inc 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, Luo Family Foundation Inc generated $187.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $264.2k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUND RAISING AND COMMUNITY SERVICES EVENTS - FUND RAISING EVENTS BOARD MEETINGS DISTRIBUTIONS OF FOODS AND MATERIALS NEEDED TO ELDERLY PEOPLE DISABLE PEOPLE HOMELESS PEOPLE AND CHILDREN THROUGH OUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yaoming Luo Director | 30 | $0 | |
Miao Guo Director | 30 | $0 | |
Jianchuan Luo Director | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $187,145 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $187,145 |
| 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 | $25,987 |
| Travel, conferences, and meetings | $75,769 |
| Printing and publications | $0 |
| Other expenses | $162,420 |
| Total operating and administrative expenses | $264,176 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $264,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $52,886 |
| Total assets | $52,886 |
| 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 Family Foundation Inc has awarded $871 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ALAMEDA HIGH SCHOOL PURPOSE: SCHOLARSHIP | $546 |
LINCOLN MIDDLE SCHOOL PURPOSE: SCHOLARSHIP | $325 |