Lee-Gu Family Foundation
- Assets
- $10.5m
- Revenue
- $5.8m
- Investments
- $10.5m
- Employees
- 0
- Location
- City Of Industry, CA
- Founding
- Data as of
- 12/2023
- EIN
- 30-6654273
Organization Overview
Lee-Gu Family Foundation is located in City Of Industry, CA. 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. Lee-Gu Family 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, Lee-Gu Family Foundation generated $5.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.8% each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MISSION IS TO PROVIDE A BETTER FUTURE FOR EVERYONE VIA BETTER OPPORTUNITIES THROUGH OUR FAMILY FOUNDATION. OUR GRANTS PROVIDE FUNDING FOR NONPROFIT RESEARCH INSTITUTIONS ON DIETARY SUPPLEMENTS, MEDICINES AND TECHNOLOGY; LOCAL CHRISTIAN CHURCHES TO ORGANIZE MISSION TRIPS; HUMANITARIAN ASSISTANCE WHEN DISASTER OR TRAUMA HAPPENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Lee Trustee | 2 | $0 | |
Jennifer Gu Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,820,000 |
| 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 | $5,820,000 |
| 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 | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $189,150 |
| Total expenses and disbursements | $189,150 |
| 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 | $0 |
| Total assets | $10,482,111 |
| 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, Lee-Gu Family Foundation has awarded $1,233,050 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ASIAN PACIFIC COMMUNITY FUND PURPOSE: SUPPORT OTHER CHARITY | $1,084,000 |
FIRST EVANGELICAL CHURCH OF DIAMOND PURPOSE: SUPPORT OTHER CHARITY | $149,050 |