Bang-Woel Lu Foundation
- Assets
- $196.1k
- Revenue
- $27.4k
- Investments
- $193.9k
- Employees
- 0
- Location
- Weston, MA
- Founding
- 06/1989
- Data as of
- 12/2022
- EIN
- 22-2810634
Organization Overview
Bang-Woel Lu Foundation is located in Weston, MA. The organization was established in 1989. 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. Bang-Woel Lu 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 12/2022, Bang-Woel Lu Foundation generated $27.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $22.1k during the year ending 12/2022. While expenses have increased by 7.8% per year over the past 6 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 2017, Bang-Woel Lu Foundation has awarded 85 individual grants totaling $104,110. 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 |
|---|---|---|---|
Renne Chen Lu Trustee | 0.25 | $0 | |
Catherine T Chen Trustee | 0.25 | $0 | |
Eric Lu Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,794 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,303 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,350 |
| Capital Gain Net Income | $10,350 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,447 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $392 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9 |
| Total operating and administrative expenses | $6,327 |
| Contributions, gifts, grants paid | $15,800 |
| Total expenses and disbursements | $22,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,186 |
| 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 | $0 |
| Total assets | $196,081 |
| 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, Bang-Woel Lu Foundation has awarded $15,800 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
DOCTORS WITHOUT BORDERS PURPOSE: CHARITABLE | $1,000 |
PERKINGS SCHOOL FOR THE BLIND PURPOSE: EDUCATIONAL | $500 |
GBCCA PURPOSE: CHARITABLE | $1,000 |
PINE STREET INN PURPOSE: CHARITABLE | $500 |
GBH PURPOSE: CHARITABLE | $250 |
ROSIES PLACE PURPOSE: CHARITABLE | $500 |