SHENG-YEN LU FOUNDATION

EIN: 263276872 501(c)(3) Religion

REDMOND, WA

Total Revenue
$1,796,335
Total Expenses
$2,601,527
Total Assets
$10,879,677
Net Assets
$10,873,677
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
WA
Principal Officer
FO-CHING LU
Phone
4258833500
Tax Period
2024-01-01 to 2024-12-31

SHENG-YEN LU FOUNDATION, founded in 2008, is a community nonprofit in the Religion sector that reported $1.8M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $2.6M exceeded revenue, resulting in a 45% operating deficit.

Mission

SHENG-YEN LU FOUNDATION COMBINES COMPASSION AND PHILANTHROPY WITH STRATEGIC GRANT-MAKING TO ADVANCE QUALITY HEALTH AND EDUCATION FOR ALL. THE FOUNDATION ALSO AWARDS SCHOLARSHIPS AND MAKES GRANTS FOR DISASTER RELIEF AND RECOVERY.

Program Service Accomplishments

Program 1
Expenses: $1,104,160

SHENG-YEN LU FOUNDATION MADE 32 HEALTHCARE AND EDUCATION GRANTS IN 2024 AS PART OF OUR HEALTH AND EDUCATION ACCESS FUNDING STREAM. THESE GRANTS SUPPORT ORGANIZATIONS WORKING TO PROVIDE EQUITABLE...

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SHENG-YEN LU FOUNDATION MADE 32 HEALTHCARE AND EDUCATION GRANTS IN 2024 AS PART OF OUR HEALTH AND EDUCATION ACCESS FUNDING STREAM. THESE GRANTS SUPPORT ORGANIZATIONS WORKING TO PROVIDE EQUITABLE ACCESS TO HEALTHCARE AND EDUCATION TO IMMIGRANT AND REFUGEE COMMUNITIES. THEY PROVIDE FUNDING FOR ORGANIZATIONS THAT REMOVE BARRIERS TO ACCESS, OFFER CULTURALLY AND LINGUISTICALLY APPROPRIATE HEALTHCARE SERVICES, WORK TO INCREASE DIVERSITY IN HEALTHCARE, AND THAT SUPPORT STUDENTS AND THEIR FAMILIES IN EARLY EDUCATION, SECONDARY EDUCATION COMPLETION, AND THE TRANSITION TO COLLEGE.

Program 2
Expenses: $773,604

SHENG-YEN LU FOUNDATION MADE 23 JUSTICE FUND GRANTS IN 2024. THE JUSTICE FUND MAKES GRANTS TO IMMIGRANT AND REFUGEE SERVING ORGANIZATIONS THAT ARE: 1) BUILDING AN INCLUSIVE ECONOMY IN WHICH...

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SHENG-YEN LU FOUNDATION MADE 23 JUSTICE FUND GRANTS IN 2024. THE JUSTICE FUND MAKES GRANTS TO IMMIGRANT AND REFUGEE SERVING ORGANIZATIONS THAT ARE: 1) BUILDING AN INCLUSIVE ECONOMY IN WHICH IMMIGRANTS AND REFUGEES CAN THRIVE 2) CONDUCTING NARRATIVE CHANGE WORK TO CREATE A MORE WELCOMING, INCLUSIVE, ANTI-RACIST, AND COMPASSIONATE VISION FOR OUR NATION 3) ENGAGING IN ADVOCACY AND SYSTEMS-CHANGE WORK TO PROMOTE CIVIC PARTICIPATION AND IMMIGRANT JUSTICE INCLUDING ACCESS TO HEALTHCARE, EDUCATION, HOUSING, SAFETY, AND OTHER BASIC HUMAN NEEDS AND 4) PROVIDING LEGAL REPRESENTATION TO IMMIGRANTS AND REFUGEES.

Program 3
Expenses: $453,721

OTHER GRANTMAKING ACTIVITY: SHENG-YEN LU FOUNDATION SPONSORED COMMUNITY EVENTS HELD BY 40 PARTNER ORGANIZATIONS IN 2024. ONE SET OF SPECIAL PROJECTS IS OUR DISASTER RELIEF EFFORTS. 100% OF FUNDS...

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OTHER GRANTMAKING ACTIVITY: SHENG-YEN LU FOUNDATION SPONSORED COMMUNITY EVENTS HELD BY 40 PARTNER ORGANIZATIONS IN 2024. ONE SET OF SPECIAL PROJECTS IS OUR DISASTER RELIEF EFFORTS. 100% OF FUNDS RAISED FOR DISASTER RELIEF EFFORTS GO TOWARD REBUILDING THE LIVES OF THOSE AFFECTED BY DISASTERS. IN 2024, ONE ORGANIZATION RECEIVED FUNDS TO HELP VICTIMS OF THE EARTHQUAKE IN TAIWAN, AND ANOTHER ORGANIZATION RECEIVED FUNDING FOR EMERGENCY RESPONSE SERVICES IN GAZA. SHENG-YEN LU FOUNDATION ALSO MADE 13 RAPID RESPONSE GRANTS IN 2024. THESE GRANTS ARE MADE TO GRANTEE PARTNERS WHO ARE FACING AN UNANTICIPATED NEED FOR FUNDS TO ADDRESS AN EMERGENCY SITUATION. SHENG-YEN LU FOUNDATION ALSO MADE 10 COMMUNITY-LED GRANTS IN 2024 TO NONPROFITS THAT WERE NOMINATED BY OUR EXISTING GRANTEES. THE GOAL OF THIS FUNDING STREAM IS TO BROADEN THE SCOPE OF OUR PHILANTHROPIC EFFORTS AND SUPPORT NEWER AND/OR SMALLER ORGANIZATIONS IN THEIR DEVELOPMENT. FINALLY, ONE ADDITIONAL SPECIAL PROJECTS GRANT WAS MADE IN 2024 TO SUPPORT A SABBATICAL FUND FOR BIPOC NONPROFIT LEADERS IN WASHINGTON STATE, AND AN ADDITIONAL SPECIAL PROJECTS GRANT WAS MADE AS A CAPITAL CAMPAIGN GIFT TO A HEALTHCARE ORGANIZATION.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $603,881
Program Service Revenue $0
Investment Income $1,192,454
Other Revenue $0
TOTAL REVENUE $1,796,335

Expense Breakdown

Grants Paid $2,260,541
Salaries & Benefits $130,223
Fundraising Expenses $10,933
Program Expenses $2,430,159
Other Expenses $210,763
TOTAL EXPENSES $2,601,527

Year-over-Year Comparison

2024 2023 Change
Revenue $1,796,335 $2,043,207 -0.1%
Expenses $2,601,527 $2,322,846 +0.1%
Net Income $-805,192 $-279,639 +1.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
2
Independent Members
2
Employees
3
Volunteers
9

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$99,366
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FO-CHING LU PRESIDENT 20.00
Officer Director
$0 $0 $0
SUSAN YANG SECRETARY 1.00
Officer Director
$0 $0 $0
ANDREW ROBERTS TREASURER 20.00
Officer Director
$0 $0 $0
HEATHER EDLUND DIRECTOR 1.00
Director
$0 $0 $0
DEXTER KUAH DIRECTOR 1.00
Director
$0 $0 $0
TERESA PIERSA DIRECTOR 1.00
Director
$0 $0 $0
HUMA ZARIF DIRECTOR 1.00
Director
$0 $0 $0
RACHEL ALLEN EXECUTIVE DIRECTOR 30.00
Officer
$99,366 $0 $99,366
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,796,335 $2,601,527 $10,879,677 $-805,192
2023 $2,043,207 $2,322,846 $11,502,957 $-279,639
2022 $1,887,190 $2,598,773 $10,801,811 $-711,583
2021 $1,856,075 $2,310,517 $13,329,663 $-454,442
2020 $2,412,683 $2,256,630 $12,658,856 $156,053
2019 $1,945,367 $1,162,623 $11,705,894 $782,744
2018 $2,732,422 $819,300 $9,961,703 $1,913,122
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