Kim And Harold Louie Family Foundation
- Assets
- $7.3m
- Revenue
- $411.9k
- Investments
- $7.2m
- Employees
- 0
- Location
- Burlingame, CA
- Founding
- 01/2007
- Data as of
- 12/2022
- EIN
- 87-0757807
Organization Overview
Kim And Harold Louie Family Foundation is located in Burlingame, CA. The organization was established in 2007. 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. Kim And Harold Louie 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 12/2022, Kim And Harold Louie Family Foundation generated $411.9k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $659.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Kim And Harold Louie Family Foundation has awarded 167 individual grants totaling $1,783,606. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS ORGANIZED EXCLUSIVELY TO SUPPORT ORGANIZATIONS THAT ARE QUALIFIED UNDER SECTIONS 501(C)(3) AND 509(A)(1) OF THE INTERNAL REVENUE CODE THAT ARE
ENGAGED IN PROMOTING GREATER EQUITY IN HEALTH AND EDUCATION IN THE UNITED STATES. IT MAY ALSO SUPPORT CERTAIN FOREIGN ORGANIZATIONS, WHICH ARE ORGANIZATIONS SIMILAR IN
FORM AND FUNCTION TO QUALIFIED ORGANIZATIONS. THE ORGANIZATION MAY ALSO FUND MEDICAL RESEARCH PROGRAMS AT UNIVERSITIES IN THE UNITED STATES AND AWARD EDUCATIONAL
SCHOLARSHIPS TO HIGH SCHOOL SENIORS AND COLLEGE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stanley Sze Treasurer/cfo/scrtry/direc | 40 | $71,147 | |
Betty B Louie President/director | 2 | $0 | |
David Louie Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $440 |
| Dividends & Interest | $226,716 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $184,728 |
| Capital Gain Net Income | $184,728 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7 |
| Total Revenue | $411,891 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $71,147 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,962 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,628 |
| Total operating and administrative expenses | $137,134 |
| Contributions, gifts, grants paid | $522,030 |
| Total expenses and disbursements | $659,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,608 |
| Savings and temporary cash investments | $61,681 |
| 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 | $7,286,975 |
| 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, Kim And Harold Louie Family Foundation has awarded $522,030 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN MISSION HEALTHCARE FOUNDATION PURPOSE: TO SUPPORT MEDICAL MISSIONARIES & MISSION HOSPITALS | $100,000 |
AIR WARRIORS COURAGE FOUNDATION PURPOSE: TO ASSIST DISABLED WAR VETERANS AND MEMBERS OF THE U.S. ARMED SERVICES | $7,500 |
ARTHRITIS NATIONAL RESEARCH FOUNDATION PURPOSE: TO SUPPORT RESEARCH TO CURE ARTHRITIS AND RELATED AUTOIMMUNE DISEASES | $5,000 |
AUTISM RESEARCH INSTITUTE PURPOSE: TO SUPPORT INDIVIDUALS WITH AUTISM SPECTRUM DISORDERS AND THEIR FAMILIES | $7,500 |
CHINESE CHRISTIAN MISSION PURPOSE: TO FURTHER AND PROMOTE CHRISTIAN MISSIONS | $10,000 |
COMMUNITY PARTNERS INTERNATIONAL PURPOSE: EMPOWERS COMMUNITIES IN ASIA TO MEET THEIR ESSENTIAL HEALTH AND DEVELOPMENT NEEDS | $100,000 |