Sheng-Yen Lu Foundation FY2023 filing

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To promote and advance quality health and education for all.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
$84K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$84K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
7 mo
of spending, in cash
Plus $10.1M in investments, Pt X · Ln 11–13
Looks good: 7.2 months of spending in cash; 3 or more.
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
$5K
0.04% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
+8% vs prior year
Spent
$2.3M
To programs
94%
Net assets
$11.5M
By yearFY2020–FY2024
Revenue
$2.0M
FY2023▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.4M
FY2021$1.9M
FY2022$1.9M
FY2023$2.0M
FY2024$1.8M
Expenses
$2.3M
FY2023▼ -11%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.3M
FY2021$2.3M
FY2022$2.6M
FY2023$2.3M
FY2024$2.6M
Net assets
$11.5M
FY2023▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$12.7M
FY2021$13.3M
FY2022$10.8M
FY2023$11.5M
FY2024$10.9M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

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

94 cents of each dollar spent went to programs.

Program services 94% · $2.2M Management & general 6% · $137K 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; $84K paid to officers and key staff.

Part VII, Section A · reportable compensation
VP, Director of Programs & Ops
$83,521Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$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 →

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 15aNo

Programs and updates

Improves health and education for everyone.

Questions for Sheng-Yen Lu Foundation

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3 programs · $2.0M · in their own filed words · FY2023
01

Sheng-yen lu foundation made 32 healthcare and education grants in 2023 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 15 justice fund grants in 2023. 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…

$530Kprogram expense
03

Other Grantmaking Activity

Sheng-yen lu foundation sponsored community events held by 37 partner organizations in 2023. Every year, sheng-yen lu foundation dedicates a portion of its annual funding toward special projects. 100% of funds raised for disaster relief efforts go toward rebuilding the lives of those affected by disasters.

$366Kprogram expense

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 FY2023 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Gifts and grantsLn 1h$1.4M
Investment incomeLn 3$660K
Money outPt IX
$2.3M
Ln 25
Programscol B$2.2M
Managementcol C$137K
Fundraisingcol D$11K
Owns and owesPt X
$11.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$11.5M
LiabilitiesLn 26$5K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Noncash giftsLn 1g$4K
Investment incomeLn 3$660K
Gains on assetsLn 7$435K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$470K
SavingsLn 2$920K
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$10.1M
Other assetsLn 15$12K
Total assetsLn 16$11.5M
LiabilitiesLn 26$5K
Net assetsLn 32$11.5M
OperationsPt I, VI
EmployeesI 52
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Grants to other countriesSch F Pt II–III$63K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$77K
Share of the $10.3M endowmentSch D 1g0.75%
EndowmentSch D · Pt V
LineFY23FY22FY21FY20FY19
End of yearLn 1g$10.3M$10.1M$12.5M$11.8M$11.4M
Given inLn 1b$800K$650K
SpentLn 1d–1f$1.4M$779K$883K$67K$61K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.2M$1.4M
InvestmentsLn 11–13$9.6M$10.1M
Total assetsLn 16$10.8M$11.5M
LiabilitiesLn 26$4K$5K
Net assetsLn 32$10.8M$11.5M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.8M$1.8M
Grants to domestic individualsLn 2$131K$131K
Grants and assistance to foreign recipientsLn 3$63K$63K
Pay of current officers, directors and key staffLn 5$84K$75K$8K
Other salaries and wagesLn 7$20K$18K$2K
Other employee benefitsLn 9$28$28
Payroll taxesLn 10$9K$8K$870
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$9K$9K
Investment management feesLn 11f$77K$77K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$22K$6K$15K$226
Information technologyLn 14$22K$21K$2K
OccupancyLn 16$38K$15K$19K$4K
TravelLn 17$1K$1K
Conferences, conventions and meetingsLn 19$2K$2K
Payments to affiliatesLn 21$7K$7K
InsuranceLn 23$3K$1K$590$1K
Other expenses (24a–d)Ln 24$18K$13K$1K$4K
Total functional expensesLn 25$2.3M$2.2M$137K$11K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Oct 8, 2025 $1.8M$2.6M−$805K$10.9M 990 PDF
FY2023 ViewingFiled with the IRS Oct 16, 2024 $2.0M$2.3M−$280K$11.5M 990 PDF
FY2022Filed with the IRS Nov 3, 2023 $1.9M$2.6M−$712K$10.8M 990 PDF
FY2021Filed with the IRS Oct 6, 2022 $1.9M$2.3M−$454K$13.3M 990 PDF
FY2020Filed with the IRS Oct 28, 2021 $2.4M$2.3M$156K$12.7M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $2,043,207 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,767,154$1,382,915
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $120,036$660,292
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,887,190$2,043,207
I-13 Grants and similar amounts paidPrior year $2,322,687$2,008,990
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $110,992$112,194
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $165,094$201,662
I-18 Total expensesPrior year $2,598,773$2,322,846
I-19 Revenue less expensesPrior year −$711,583−$279,639
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,043,207 across 6 lines filed
VIII-1f All other contributions, gifts and grants$1,382,915
VIII-1g Noncash contributions (included above)$4,200
VIII-1h Total contributions, gifts and grants$1,382,915
VIII-3 Investment incomeExcluded from tax $225,750$225,750
VIII-7 Net gain or loss on sales of assetsExcluded from tax $434,542$434,542
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $660,292$2,043,207
Part IX · Statement of functional expenses $2,322,846 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $1,815,740$1,815,740
IX-2 Grants to domestic individualsPrograms $130,710$130,710
IX-3 Grants and assistance to foreign recipientsPrograms $62,540$62,540
IX-5 Pay of current officers, directors and key staffPrograms $75,169 · Management $8,352$83,521
IX-7 Other salaries and wagesPrograms $18,386 · Management $1,561$19,947
IX-9 Other employee benefitsPrograms $28$28
IX-10 Payroll taxesPrograms $7,828 · Management $870$8,698
IX-11b Legal feesManagement $1,734$1,734
IX-11c Accounting feesManagement $8,938$8,938
IX-11f Investment management feesManagement $76,618$76,618
IX-12 Advertising and promotionFundraising $1,817$1,817
IX-13 Office expensesPrograms $6,253 · Management $15,055 · Fundraising $226$21,534
IX-14 Information technologyPrograms $20,620 · Management $1,817$22,437
IX-16 OccupancyPrograms $15,150 · Management $18,937 · Fundraising $3,787$37,874
IX-17 TravelManagement $1,494$1,494
IX-19 Conferences, conventions and meetingsPrograms $1,500$1,500
IX-21 Payments to affiliatesPrograms $6,720$6,720
IX-23 InsurancePrograms $1,089 · Management $590 · Fundraising $1,089$2,768
IX-24 Other expenses (24a–d)Programs $12,906 · Management $1,122 · Fundraising $4,200$18,228
IX-25 Total functional expensesPrograms $2,174,639 · Management $137,088 · Fundraising $11,119$2,322,846
Part X · Balance sheet $11,502,957 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $649,861$470,138
X-2 Savings and temporary cash investmentsStart of year $507,990$920,366
X-3 Pledges and grants receivableStart of year $16,147$39,880
X-9 Prepaid expenses and deferred chargesStart of year $2,215$2,536
X-11 Publicly traded securitiesStart of year $9,589,809$10,058,070
X-15 Other assetsStart of year $35,789$11,967
X-16 Total assetsStart of year $10,801,811$11,502,957
X-17 Accounts payable and accrued expensesStart of year $4,000$5,000
X-26 Total liabilitiesStart of year $4,000$5,000
X-32 Total net assets or fund balancesStart of year $10,797,811$11,497,957
X-33 Total liabilities and net assetsStart of year $10,801,811$11,502,957
Part XI · Reconciliation of net assets $11,497,957 net assets at year end
XI-1 Total revenue$2,043,207
XI-2 Total expenses$2,322,846
XI-3 Revenue less expenses−$279,639
XI-4 Net assets at start of year$10,797,811
XI-5 Net unrealized gains (losses) on investments$979,785
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$11,497,957

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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