Yao & Lu Family Foundation Inc
- Assets
- $1.1m
- Revenue
- $113.9k
- Investments
- $950.1k
- Employees
- 0
- Location
- Bellmore, NY
- Founding
- 12/2015
- Data as of
- 11/2023
- EIN
- 47-2571947
Organization Overview
Yao & Lu Family Foundation Inc is located in Bellmore, NY. The organization was established in 2015. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Yao & Lu Family Foundation Inc 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 11/2023, Yao & Lu Family Foundation Inc generated $113.9k 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 (3.4%) each year. All expenses for the organization totaled $21.6k during the year ending 11/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHINESE COMMUNITY CENTER OF FLUSHING INC. -SUPPORT COMMUNITY BY CHECK
THE STONY BROOK SCHOOL -SUPPORT SCHOOL PROJECT BY CHECK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bo Yao President | 15 | $0 | |
Guanjing Lu Vice-President | 10 | $0 | |
Dingkang Yao Secretary/treasurer | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $88,201 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,672 |
| 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 | $113,873 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $63 |
| Depreciation | $300 |
| Occupancy | $7,300 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,004 |
| Total operating and administrative expenses | $19,617 |
| Contributions, gifts, grants paid | $2,000 |
| Total expenses and disbursements | $21,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,613 |
| 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 | $2,850 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,068,527 |
| Accounts payable and accrued expenses | $950 |
| 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 | $950 |
Grants Awarded
Over the last fiscal year, Yao & Lu Family Foundation Inc has awarded $4,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHINESE COMMUNITY CENTER OF FLUSHING INC PURPOSE: SUPPORT COMMUNITY | $2,000 |
THE STONY BROOK SCHOOL PURPOSE: SUPPORT SCHOOL PROJECT | $2,000 |