Lam Yau Jong Charitable Foundation
- Assets
- $13.9m
- Revenue
- $13.3m
- Investments
- $13.6m
- Employees
- 0
- Location
- San Marino, CA
- Founding
- 01/2003
- Data as of
- 12/2023
- EIN
- 02-0649872
Organization Overview
Lam Yau Jong Charitable Foundation is located in San Marino, CA. The organization was established in 2003. 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. Lam Yau Jong Charitable 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, Lam Yau Jong Charitable Foundation generated $13.3m in total revenue. All expenses for the organization totaled $538.0k during the year ending 12/2023. While expenses have increased by 8.6% 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 2016, Lam Yau Jong Charitable Foundation has awarded 112 individual grants totaling $2,885,500. 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 |
|---|---|---|---|
Paul Choi Treasurer | 5 | $55,000 | |
Linda Chung Secretary | 1 | $0 | |
Michael Hsu Director | 1 | $0 | |
Keith K Ip President | 20 | $75,000 | |
Joshua Jokiman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,928,589 |
| Interest on Savings | $46,009 |
| Dividends & Interest | $189,538 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $151,535 |
| Capital Gain Net Income | $152,108 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,315,671 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $130,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $10,379 |
| Interest | $0 |
| Taxes | $1,344 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,821 |
| Total operating and administrative expenses | $214,969 |
| Contributions, gifts, grants paid | $323,000 |
| Total expenses and disbursements | $537,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,082 |
| Savings and temporary cash investments | $73,270 |
| 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 | $13,638,193 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,859,545 |
| 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, Lam Yau Jong Charitable Foundation has awarded $323,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
IGLESIA CONFRATERNIDAD PURPOSE: TO PROMOTE MISSION AND CHURCH MINISTRY LOCALLY AND IN CHILE | $46,000 |
CENTER FOR MARKETPLACE MINISTRIES PURPOSE: TO PROMOTE MISSION AND MARKETPLACE MINISTRIES IN CHINA | $60,000 |
OPERATION MOBILIZATION PURPOSE: TO SUPPORT MISSION MINISTRY | $10,000 |
AGAPE EVANGELICAL CHURCH PURPOSE: TO PROMOTE MISSION AND CHURCH MINISTRY IN INDONESIA | $50,000 |
GOLDEN LAMPSTAND ASSOCIATION US PURPOSE: TO SUPPORT MISSION MINISTRY | $10,000 |
THAD'S PURPOSE: TO SUPPORT SEMINARIAN SCHOLARSHIP | $12,000 |