J & M Lam Family Foundation
- Assets
- $712.1k
- Revenue
- $103.9k
- Investments
- $0.0
- Employees
- 0
- Location
- South San Francisco, CA
- Founding
- 06/2015
- Data as of
- 04/2023
- EIN
- 46-5743357
Organization Overview
J & M Lam Family Foundation is located in South San Francisco, CA. The organization was established in 2015. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. J & M Lam 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 04/2023, J & M Lam Family Foundation generated $103.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $38.2k during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, J & M Lam Family Foundation has awarded 49 individual grants totaling $159,830. 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 |
|---|---|---|---|
Johnson Lam Director/president | 5 | $0 | |
Mabel Lam Director/v.p. | 5 | $0 | |
Eric Chen Secretary | 3 | $0 | |
Vincent Lam Treasurer | 3 | $0 | |
Vivian Chen Director | 3 | $0 | |
Diane Lam Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $3,926 |
| 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 | $103,926 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $95 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,550 |
| Total operating and administrative expenses | $2,595 |
| Contributions, gifts, grants paid | $35,640 |
| Total expenses and disbursements | $38,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,107 |
| Savings and temporary cash investments | $706,005 |
| 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 | $712,112 |
| 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, J & M Lam Family Foundation has awarded $35,640 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SAN FRANCISCO CHINATOWN LION CLUB FOUNDATION PURPOSE: DONATION | $21,040 |
CHINATOWN COMMUNITY DEVELPMENT CTR PURPOSE: DONATION | $600 |
ARCHDIOCESE OF SAN FRANCISCO PURPOSE: DONATION | $1,000 |
CHINESE NEWCOMERS SERVICE CTR PURPOSE: DONATION | $3,000 |
RIVER OF LIFE FOUNDATION PURPOSE: DONATION | $10,000 |