Luke Charitable Foundation
- Assets
- $4.6m
- Revenue
- $95.5k
- Investments
- $4.3m
- Employees
- 0
- Location
- Pawtucket, RI
- Founding
- 06/2005
- Data as of
- 12/2021
- EIN
- 20-2597824
Organization Overview
Luke Charitable Foundation is located in Pawtucket, RI. The organization was established in 2005. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Luke 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 12/2021, Luke Charitable Foundation generated $95.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $285.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Luke Charitable Foundation has awarded 157 individual grants totaling $1,621,564. 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 |
|---|---|---|---|
Chiu Yip Trustee | 0 | $0 | |
Tze Ping Ng Trustee | 0 | $0 | |
Shirley Wu Trustee | 0 | $0 | |
Robert Billington Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $92 |
| Dividends & Interest | $95,375 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $400,746 |
| Net ST Capital Gain | $95,245 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $95,467 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,797 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $20,677 |
| Printing and publications | $0 |
| Other expenses | $90,824 |
| Total operating and administrative expenses | $120,998 |
| Contributions, gifts, grants paid | $164,316 |
| Total expenses and disbursements | $285,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,541 |
| Savings and temporary cash investments | $114,897 |
| 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 | $518,628 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,599,774 |
| 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, Luke Charitable Foundation has awarded $164,316 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: OPERATING | $25,000 |
Central Falls, RI PURPOSE: OPERATING | $20,000 |
CHINESE CHRISTIAN CHURCH PURPOSE: OPERATING | $16,516 |
RI ASSOC OF CHINESE AMERICANS PURPOSE: OPERATING | $15,200 |
WOMAN & INFANTS HOSPITAL PURPOSE: OPERATING | $10,000 |
SKYE GALLARY PURPOSE: OPERATING | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Peoples United Community Foundation Bridgeport, CT | $0 | $2,660,856 |
Oneworld Boston Inc Woburn, MA | $219,473,176 | $23,349,707 |
Deloitte Foundation Stamford, CT | $61,773,232 | $17,876,963 |
Massmutual Foundation Inc Springfield, MA | $16,295,000 | $8,380,000 |
Lone Pine Foundation Inc Greenwich, CT | $70,601,962 | $14,308,044 |
Fiduciary Charitable Foundation Boston, MA | $117,480,981 | $103,573,534 |
Salem Foundation Providence, RI | $36,287,179 | $36,691,105 |
Arbella Insurance Foundation Inc Boston, MA | $24,058,916 | $7,386,813 |
Gordon Family Foundation Boston, MA | $69,748,192 | $26,669,267 |
Rx Foundation Hadley, MA | $50,754,617 | $6,084,053 |
New England Patriots Charitable Foundation Inc Foxboro, MA | $3,485,294 | $4,177,476 |
Analog Devices Foundation Boston, MA | $30,375,749 | $1,239,762 |