Lui Che Woo Charity
- Assets
- $32.3m
- Revenue
- $120.8k
- Investments
- $11.4k
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 02/2009
- Data as of
- 12/2022
- EIN
- 26-3763305
Organization Overview
Lui Che Woo Charity is located in San Francisco, CA. The organization was established in 2009. 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. Lui Che Woo Charity 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, Lui Che Woo Charity generated $120.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (31.1%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Lui Che Woo Director, President | 0.5 | $0 | |
Stella K Y Mak Vp, Secretary, Treasurer | 0.5 | $0 | |
Alan Wong Director | 0.5 | $0 | |
Paddy Lui Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,550 |
| Dividends & Interest | $0 |
| Net Rental Income | $113,227 |
| 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 | $120,777 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,919 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,100,463 |
| Total operating and administrative expenses | $3,205,643 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,205,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $649,823 |
| Savings and temporary cash investments | $10,822 |
| 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 | $6,759 |
| Net Investments - land, buildings, equipment | $31,603,631 |
| Investments—mortgage loans | $0 |
| Investments—other | $11,369 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $32,282,404 |
| Accounts payable and accrued expenses | $78,171 |
| Grants payable | $22,827,445 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $19,000,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $41,905,616 |
Grants Awarded
Over the last fiscal year, Lui Che Woo Charity has awarded $7,717,274 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TSINGHUA UNIVERSITY EDUCATION FOUNDATION PURPOSE: TO OFFSET CONSTRUCTION COSTS OF TWO BUILDINGS FOR RESEARCH AND TEACHING FACILITIES | $3,800,000 |
PEKING UNIVERSITY EDUCATION FOUNDATION PURPOSE: SUPPORT PEKING UNIVERSITY SCHOOL OF LIFE SCIENCES | $3,917,274 |