Lu & Wang Family Foundation Inc is located in Garrison, NY. 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. Lu & Wang 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 10/2023, Lu & Wang Family Foundation Inc generated $39.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (72.1%) each year. All expenses for the organization totaled $51.1k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Yihui Wang CEO | 2 | $0 | |
Ping Lu CFO | 2 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $32,433 |
Dividends & Interest | $4,345 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $2,961 |
Capital Gain Net Income | $2,961 |
Net ST Capital Gain | $2,961 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $39,739 |
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 | $36,677 |
Printing and publications | $0 |
Other expenses | $89 |
Total operating and administrative expenses | $37,682 |
Contributions, gifts, grants paid | $13,398 |
Total expenses and disbursements | $51,080 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $250,468 |
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 | $508,197 |
Accounts payable and accrued expenses | $27,478 |
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 | $27,478 |
Over the last fiscal year, Lu & Wang Family Foundation Inc has awarded $13,398 in support to 11 organizations.
Grant Recipient | Amount |
---|---|
SPENCE SCHOOL PURPOSE: EDUCATION | $2,500 |
CLEARWATER MARINE AQUARIUM PURPOSE: CHARITABLE | $2,155 |
AMERICAN CHILDRENS CANCER BENEVOLENCE FUND PURPOSE: CHARITABLE | $100 |
KAUFMAN MUSIC CENTER PURPOSE: CHARITABLE | $200 |
COLLEGIATE SCHOOL PURPOSE: EDUCATION | $3,000 |
REEF RENEWAL FOUNDATION INTERNATIONAL PURPOSE: CHARITABLE | $1,223 |