Sheng-Yen Lu Foundation

Tax-deductible

Redmond, WA501(c)(3)ReligionEIN 26-3276872

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To promote and advance quality health and education for all.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Run by 15 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $419K a year · 21% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$99K
to officers and key staff · 4% of spending
Top officer’s pay lower than 51% of similar orgs
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $309
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6K
0.06% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
-12% vs prior year
Spent
$2.6M
To programs
93%
Net assets
$10.9M
By yearFY2020–FY2024
Revenue
$1.8M
FY2024▼ -12%
Revenue by fiscal year
FY2020$2.4M
FY2021$1.9M
FY2022$1.9M
FY2023$2.0M
FY2024$1.8M
Expenses
$2.6M
FY2024▲ +12%
Expenses by fiscal year
FY2020$2.3M
FY2021$2.3M
FY2022$2.6M
FY2023$2.3M
FY2024$2.6M
Net assets
$10.9M
FY2024▼ -5%
Net assets by fiscal year
FY2020$12.7M
FY2021$13.3M
FY2022$10.8M
FY2023$11.5M
FY2024$10.9M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $2.4M Management & general 6% · $160K Fundraising 0% · $11K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $99K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$99,366Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Rachel Allen’s $99K as Executive Director is at the 49th percentile of top reported officer pay among 1636 $1–10M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Rachel Allen$99,366$83,521$75,229$70,330$70,554

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Sheng-Yen Lu Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Improves health and education for everyone.

Provided by the organization

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3 program services account for $2.3M of program spending, described in the organization's own filed words · FY2024.
01

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.

$1.1Mprogram expense
02

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…

$774Kprogram expense
03

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.

$454Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$309
Grants paid · 349 grants · $10.1M · 2020–2024
Byrd Barr PlaceWA · FY2024$125,000
Unitemized GrantFY2024$91,195
HealthpointWA · FY2024$90,000
Together CenterWA · FY2024$50,000
Kin on Health Care CenterWA · FY2024$41,000
OneamericaWA · FY2024$40,000
Global Perinatal ServicesWA · FY2024$36,896
KandeliaWA · FY2024$36,000
See all 349 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Investment incomeLn 3$1.2M
Gifts and grantsLn 1h$604K
Money outPt IX
$2.6M
Ln 25
Programscol B$2.4M
Managementcol C$160K
Fundraisingcol D$11K
Owns and owesPt X
$10.9M
net assets · Ln 32
Cash and savingsLn 1–2$431K
Total assetsLn 16$10.9M
LiabilitiesLn 26$6K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$604K
Noncash giftsLn 1g$2K
Investment incomeLn 3$1.2M
Gains on assetsLn 7$916K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$180K
SavingsLn 2$251K
Cash and savings togetherLn 1–2$431K
InvestmentsLn 11–13$10.4M
Other assetsLn 15$3K
Total assetsLn 16$10.9M
LiabilitiesLn 26$6K
Net assetsLn 32$10.9M
OperationsPt I, VI
EmployeesI 52
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.4M$431K
InvestmentsLn 11–13$10.1M$10.4M
Total assetsLn 16$11.5M$10.9M
LiabilitiesLn 26$5K$6K
Net assetsLn 32$11.5M$10.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.2M$2.2M
Grants to domestic individualsLn 2$91K$91K
Grants and assistance to foreign recipientsLn 3$10K$10K
Pay of current officers, directors and key staffLn 5$99K$70K$30K
Other salaries and wagesLn 7$20K$20K
Payroll taxesLn 10$11K$8K$2K
Legal feesLn 11b$16K$15K$1K
Accounting feesLn 11c$8K$8K
Investment management feesLn 11f$83K$83K
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$20K$7K$13K$198
Information technologyLn 14$1K$1K
OccupancyLn 16$43K$17K$22K$4K
TravelLn 17$4K$4K
Conferences, conventions and meetingsLn 19$18K$18K
InsuranceLn 23$3K$1K$630$1K
Other expenses (24a–d)Ln 24$11K$8K$2K
Total functional expensesLn 25$2.6M$2.4M$160K$11K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.8M$2.6M−$805K$10.9M 990 PDF
FY2023 $2.0M$2.3M−$280K$11.5M 990 PDF
FY2022 $1.9M$2.6M−$712K$10.8M 990 PDF
FY2021 $1.9M$2.3M−$454K$13.3M 990 PDF
FY2020 $2.4M$2.3M$156K$12.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,796,335 across 6 lines filed
VIII-1f All other contributions, gifts and grants$603,881
VIII-1g Noncash contributions (included above)$2,400
VIII-1h Total contributions, gifts and grants$603,881
VIII-3 Investment incomeExcluded from tax $276,457$276,457
VIII-7 Net gain or loss on sales of assetsExcluded from tax $915,997$915,997
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,192,454$1,796,335
Part IX · Statement of functional expenses $2,601,527 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $2,159,186$2,159,186
IX-2 Grants to domestic individualsPrograms $91,195$91,195
IX-3 Grants and assistance to foreign recipientsPrograms $10,160$10,160
IX-5 Pay of current officers, directors and key staffPrograms $69,556 · Management $29,810$99,366
IX-7 Other salaries and wagesPrograms $20,279$20,279
IX-10 Payroll taxesPrograms $8,298 · Management $2,280$10,578
IX-11b Legal feesPrograms $15,000 · Management $1,275$16,275
IX-11c Accounting feesManagement $7,960$7,960
IX-11f Investment management feesManagement $82,952$82,952
IX-11g Other fees for servicesManagement $1,184$1,184
IX-12 Advertising and promotionFundraising $2,750$2,750
IX-13 Office expensesPrograms $6,723 · Management $12,712 · Fundraising $198$19,633
IX-14 Information technologyPrograms $1,152$1,152
IX-16 OccupancyPrograms $17,305 · Management $21,632 · Fundraising $4,326$43,263
IX-17 TravelPrograms $3,807$3,807
IX-19 Conferences, conventions and meetingsPrograms $17,762$17,762
IX-23 InsurancePrograms $1,259 · Management $630 · Fundraising $1,259$3,148
IX-24 Other expenses (24a–d)Programs $8,477 · Fundraising $2,400$10,877
IX-25 Total functional expensesPrograms $2,430,159 · Management $160,435 · Fundraising $10,933$2,601,527
Part X · Balance sheet $10,879,677 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $470,138$179,955
X-2 Savings and temporary cash investmentsStart of year $920,366$250,725
X-3 Pledges and grants receivableStart of year $39,880$24,252
X-9 Prepaid expenses and deferred chargesStart of year $2,536$3,059
X-11 Publicly traded securitiesStart of year $10,058,070$10,418,328
X-15 Other assetsStart of year $11,967$3,358
X-16 Total assetsStart of year $11,502,957$10,879,677
X-17 Accounts payable and accrued expensesStart of year $5,000$6,000
X-26 Total liabilitiesStart of year $5,000$6,000
X-32 Total net assets or fund balancesStart of year $11,497,957$10,873,677
X-33 Total liabilities and net assetsStart of year $11,502,957$10,879,677
Part XI · Reconciliation of net assets $10,873,677 net assets at year end
XI-1 Total revenue$1,796,335
XI-2 Total expenses$2,601,527
XI-3 Revenue less expenses−$805,192
XI-4 Net assets at start of year$11,497,957
XI-5 Net unrealized gains (losses) on investments$180,912
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,873,677

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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