Lu Wang Family Foundation
- Assets
- $223.4k
- Revenue
- $32.0k
- Investments
- $195.0k
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 10/2017
- Data as of
- 12/2020
- EIN
- 82-2326809
Organization Overview
Lu Wang Family Foundation is located in Los Altos, CA. The organization was established in 2017. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lu Wang 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 12/2020, Lu Wang Family Foundation generated $32.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (58.4%) each year. All expenses for the organization totaled $15.5k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (53.8%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Lu Wang Family Foundation has awarded 64 individual grants totaling $204,836. 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 |
|---|---|---|---|
Po Kang Wang Secretary | 2 | $0 | |
Maria Lu CEO | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13 |
| Dividends & Interest | $8,091 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,937 |
| Capital Gain Net Income | $23,937 |
| Net ST Capital Gain | $23,937 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $32,041 |
| 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 | $1,698 |
| Total operating and administrative expenses | $1,698 |
| Contributions, gifts, grants paid | $13,790 |
| Total expenses and disbursements | $15,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,390 |
| 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 | $223,373 |
| 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, Lu Wang Family Foundation has awarded $21,156 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
PAMF PURPOSE: CHARITY | $5,000 |
KQED PURPOSE: CHARITY | $4,156 |
ALLSF PURPOSE: CHARITY | $1,500 |
Cupertino, CA PURPOSE: CHARITY | $1,500 |
CHCP PURPOSE: CHARITY | $1,000 |
Menlo Park, CA PURPOSE: CHARITY | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nami San Diego San Diego, CA | $2,950,876 | $10,039,282 |
Sunrise Childrens Foundation Las Vegas, NV | $7,660,611 | $10,104,124 |
Tikvah-Etta & Lazear Israel Center For The Developmentally Disabled North Hollywood, CA | $7,410,963 | $10,386,812 |
Antfarm Inc Sandy, OR | $2,638,005 | $9,881,000 |
Clark County Public Education Foundation Inc Las Vegas, NV | $20,645,889 | $7,373,983 |
Western Eagle Foundation Inc Temecula, CA | $3,740,738 | $8,870,366 |
Pro-Youth Visalia, CA | $5,841,467 | $9,422,917 |
Commonwealth Club Of California San Francisco, CA | $34,005,907 | $9,226,534 |
A Place Called Home Los Angeles, CA | $19,612,188 | $8,269,414 |
Larry And Jeanette Epping Family Foundation Salem, OR | $179,042,811 | $13,717,983 |
Portland Community Reinvestment Initiatives Inc Portland, OR | $37,093,919 | $7,550,357 |
Knotts Family Agency Redlands, CA | $3,274,323 | $9,472,544 |