Luos Foundation
- Assets
- $0.0
- Revenue
- $289.3k
- Investments
- $151.3k
- Employees
- 0
- Location
- Richarsdon, TX
- Founding
- 09/2015
- Data as of
- 04/2021
- EIN
- 47-4532868
Organization Overview
Luos Foundation is located in Richarsdon, TX. The organization was established in 2015. 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. Luos 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 04/2021, Luos Foundation generated $289.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $89.4k during the year ending 04/2021. While expenses have increased by 11.8% per year over the past 7 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 2018, Luos Foundation has awarded 14 individual grants totaling $159,620. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yvonne He CFO | 20 | $0 | |
Michael Luo CEO | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $231,800 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,103 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $289,293 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,776 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $40,934 |
| Contributions, gifts, grants paid | $48,500 |
| Total expenses and disbursements | $89,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $490,011 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Luos Foundation has awarded $48,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
GUANGZHOU YOUHAO SENIOR HOME PURPOSE: SENIOR HOME | $15,000 |
XINGCHEN CHILDREN'S REHABILITATION PURPOSE: SCHOOL | $15,000 |
GUANGZHOU YIYUAN SENIOR HOME PURPOSE: SENIOR HOME | $15,000 |
Plano, TX PURPOSE: SCHOOL | $3,000 |
ASIAN CULTURE AND EDUCATION SOCIETY PURPOSE: SCHOOL | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hoblitzelle Foundation Dallas, TX | $135,054,358 | $12,987,577 |
Hillcrest Foundation Dallas, TX | $133,849,487 | $13,362,957 |
Huffington Foundation Houston, TX | $143,567,137 | $11,559,123 |
Marilyn And Sonny Oates Foundation Dallas, TX | $9,716,063 | $15,482,909 |
Frank E & Seba B Payne Foundation 31-55459-5 Dallas, TX | $0 | $7,949,536 |
Ewing Halsell Foundation San Antonio, TX | $128,225,154 | $18,962,628 |
Knobloch Family Foundation Houston, TX | $166,642,525 | $7,681,170 |
Irene W And C B Pennington Foundation Baton Rouge, LA | $0 | $6,041,681 |
Hamon Charitable Foundation Dallas, TX | $77,984,763 | $10,364,017 |
Alumbra Innovations Foundation Bentonville, AR | $55,483,470 | $25,346,784 |
Biogen Foundation Inc Dallas, TX | $25,561,498 | $3,880,862 |
The Margaret And Al Hill Family Foundation Dallas, TX | $0 | $526,228 |