Shau Wai And Marie Lam Family Foundation

Summit, NJ
Tax-exempt since Dec. 2002
EIN: 13-4222089

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$191k (2024)

Expenses

$209k (2024)

Total Assets

$838k (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$191,277

Expenses

$209,261

Net Income

-$17,984

Net Assets

$837,919

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$150,000	78.4%
Interest Revenue	$616	0.3%
Dividends	$5,237	2.7%
Sales of Assets	$35,424	18.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$200,830	96.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$837,919
Total Liabilities	$0
Net Assets	$837,919

Compensation

Key Employees and Officers	Compensation	Other
Shau Wai Lam (Chairmn Asrq)	$0	$0
Marie Wei Wun Lam (Trsr Asrq)	$0	$0
Jeffrey Wacksman (Sec'y Asrq)	$0	$0

990-PF

Filed on March 10, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$109,978

Expenses

$186,268

Net Income

-$76,290

Net Assets

$857,726

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$50,000	45.5%
Interest Revenue	$349	0.3%
Dividends	$6,256	5.7%
Sales of Assets	$53,373	48.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$173,088	92.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$857,726
Total Liabilities	$0
Net Assets	$857,726

Compensation

Key Employees and Officers	Compensation	Other
Shau Wai Lam (Chairmn Asrq)	$0	$0
Marie Wei Wun Lam (Trsr Asrq)	$0	$0
Jeffrey Wacksman (Sec'y Asrq)	$0	$0

990-PF

Filed on Feb. 26, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2022

Revenue

$65,036

Expenses

$131,424

Net Income

-$66,388

Net Assets

$934,918

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$15,000	23.1%
Interest Revenue	$48	0.1%
Dividends	$7,640	11.7%
Sales of Assets	$42,348	65.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$120,915	92.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$934,918
Total Liabilities	$0
Net Assets	$934,918

Compensation

Key Employees and Officers	Compensation	Other
Shau Wai Lam (Chairmn Asrq)	$0	$0
Marie Wei Wun Lam (Trsr Asrq)	$0	$0
Jeffrey Wacksman (Sec'y Asrq)	$0	$0

990-PF

Filed on June 8, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$84,036

Expenses

$199,698

Net Income

-$115,662

Net Assets

$1,005,368

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$40,000	47.6%
Interest Revenue	$1	0.0%
Dividends	$9,009	10.7%
Sales of Assets	$35,026	41.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$189,273	94.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,005,368
Total Liabilities	$0
Net Assets	$1,005,368

Compensation

Key Employees and Officers	Compensation	Other
Shau Wai Lam (Chairmn Asrq)	$0	$0
Marie Wei Wun Lam (Trsr Asrq)	$0	$0
Jeffrey Wacksman (Sec'y Asrq)	$0	$0

990-PF

Filed on May 3, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$389,592

Expenses

$367,243

Net Income

$22,349

Net Assets

$1,133,345

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$380,000	97.5%
Interest Revenue	$19	0.0%
Dividends	$9,573	2.5%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$355,755	96.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,133,346
Total Liabilities	$1
Net Assets	$1,133,345

Compensation

Key Employees and Officers	Compensation	Other
Shau Wai Lam (Chairmn Asrq)	$0	$0
Marie Wei Wun Lam (Trsr Asrq)	$0	$0
Jeffrey Wacksman (Sec'y Asrq)	$0	$0

990-PF

Filed on Oct. 27, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$283,864

Expenses

$975,570

Net Income

-$691,706

Net Assets

$1,113,528

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$115,810	40.8%
Interest Revenue	$306	0.1%
Dividends	$9,628	3.4%
Sales of Assets	$158,120	55.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$963,186	98.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,113,528
Total Liabilities	$0
Net Assets	$1,113,528

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2018

Revenue

$193,572

Expenses

$218,790

Net Income

-$25,218

Net Assets

$1,808,051

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$105,880	54.7%
Interest Revenue	$251	0.1%
Dividends	$28,958	15.0%
Sales of Assets	$58,483	30.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$200,683	91.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,808,051
Total Liabilities	$0
Net Assets	$1,808,051

Compensation

Key Employees and Officers	Compensation	Other
Shau Wai Lam (Chairmn Asrq)	$0	$0
Marie Wei Wun Lam (Trsr Asrq)	$0	$0
Jeffrey Wacksman (Sec'y Asrq)	$0	$0

990-PF

Filed on July 9, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$87,550

Expenses

$227,588

Net Income

-$140,038

Net Assets

$1,835,866

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$191	0.2%
Dividends	$30,234	34.5%
Sales of Assets	$57,125	65.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$193,194	84.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,835,866
Total Liabilities	$0
Net Assets	$1,835,866

Compensation

Key Employees and Officers	Compensation	Other
Shau Wai Lam (Chairmn Asrq)	$0	$0
Marie Wei Wun Lam (Trsr Asrq)	$0	$0
Jeffrey Wacksman (Sec'y Asrq)	$0	$0

990-PF

Filed on July 16, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$51,886

Expenses

$304,196

Net Income

-$252,310

Net Assets

$1,980,434

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$15,500	29.9%
Interest Revenue	$16	0.0%
Dividends	$36,358	70.1%
Sales of Assets	$12	0.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$290,750	95.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,980,434
Total Liabilities	$0
Net Assets	$1,980,434

Compensation

Key Employees and Officers	Compensation	Other
Shau Wai Lam (Chairmn Asrq)	$0	$0
Marie Wei Wun Lam (Trsr Asrq)	$0	$0
Jeffrey Wacksman (Sec'y Asrq)	$0	$0

990-PF

Filed on Aug. 10, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$30,365

Expenses

$160,534

Net Income

-$130,169

Net Assets

$2,280,572

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$39	0.1%
Dividends	$29,687	97.8%
Sales of Assets	$639	2.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$139,766	87.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,280,572
Total Liabilities	$0
Net Assets	$2,280,572

Compensation

Key Employees and Officers	Compensation	Other
Shau Wai Lam (Chairmn Asrq)	$0	$0
Marie Wei Wun Lam (Trsr Asrq)	$0	$0
Jeffrey Wacksman (Sec'y Asrq)	$0	$0

990-PF

Filed on Sept. 1, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Revenue

$1,834,518

Expenses

$112,417

Net Income

$1,722,101

Net Assets

$2,443,393

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,830,000	99.8%
Interest Revenue	$2	0.0%
Dividends	$1,089	0.1%
Sales of Assets	$3,427	0.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$99,675	88.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,443,393
Total Liabilities	$0
Net Assets	$2,443,393

Compensation

Key Employees and Officers	Compensation	Other
Shau Wai Lam (Chairmn Asrq)	$0	$0
Marie Wei Wun Lam (Trsr Asrq)	$0	$0
Jeffrey Wacksman (Sec'y Asrq)	$0	$0

990-PF

Filed on June 9, 2015

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$24,434

Expenses

$106,241

Net Income

-$81,807

Net Assets

$721,292

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$26	0.1%
Dividends	$863	3.5%
Sales of Assets	$23,545	96.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$105,300	99.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$721,292
Total Liabilities	$0
Net Assets	$721,292

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$2,037

Expenses

$116,132

Net Income

-$114,095

Net Assets

$803,099

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$282	13.8%
Dividends	$1,755	86.2%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$95,600	82.3%
Compensation of Officers*	$4,000	3.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$803,099
Total Liabilities	$0
Net Assets	$803,099

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$89,769

Expenses

$562,370

Net Income

-$472,601

Net Assets

$917,194

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$88,249	98.3%
Interest Revenue	$344	0.4%
Dividends	$1,176	1.3%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$557,496	99.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$917,194
Total Liabilities	$0
Net Assets	$917,194

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2002

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

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Shau Wai And Marie Lam Family Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $191k (2024)

Expenses $209k (2024)

Total Assets $838k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Revenue

$191k (2024)

Expenses

$209k (2024)

Total Assets

$838k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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2023

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2022

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2021

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2019

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2018

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2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

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2010

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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2002