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Biao & June Lu Foundation

Organization summary

Type of Nonprofit

Designated as a 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 Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$52.1k (2024)

Expenses
$110k (2024)

Total Assets
$353k (2024)

Total Liabilities
$19.7k (2024)

Years with missing data
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 Oct.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$52,064
Expenses
$110,462
Net Income
-$58,398
Net Assets
$333,635
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $205
0.4%
Dividends $5,284
10.1%
Sales of Assets $46,575
89.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $110,140
99.7%
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 $353,314
Total Liabilities $19,679
Net Assets $333,635
Compensation
Key Employees and Officers Compensation Other
Biao Lu (Ceo) $0 $0
June Shen (Cfo) $0 $0

Document Links

Fiscal Year Ending Oct.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$19,706
Expenses
$129,111
Net Income
-$109,405
Net Assets
$392,033
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $563
2.9%
Dividends $6,225
31.6%
Sales of Assets $12,918
65.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $128,194
99.3%
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 $397,745
Total Liabilities $5,712
Net Assets $392,033
Compensation
Key Employees and Officers Compensation Other
Biao Lu (Ceo) $0 $0
June Shen (Cfo) $0 $0

Document Links

Fiscal Year Ending Oct.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$435
Expenses
$87,896
Net Income
-$87,461
Net Assets
$501,438
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $88
20.2%
Dividends $10,149
> 100%
Sales of Assets -$9,802
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $86,797
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 $534,424
Total Liabilities $32,986
Net Assets $501,438
Compensation
Key Employees and Officers Compensation Other
Biao Lu (Ceo) $0 $0
June Shen (Cfo) $0 $0

Document Links

Fiscal Year Ending Oct.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$75,487
Expenses
$64,906
Net Income
$10,581
Net Assets
$588,899
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $12
0.0%
Dividends $10,869
14.4%
Sales of Assets $64,606
85.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $64,716
99.7%
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 $591,089
Total Liabilities $2,190
Net Assets $588,899
Compensation
Key Employees and Officers Compensation Other
Biao Lu (Ceo) $0 $0
June Shen (Cfo) $0 $0

Document Links

Fiscal Year Ending Oct.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$11,468
Expenses
$45,378
Net Income
-$56,846
Net Assets
$578,318
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $40
Dividends $13,029
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $45,242
99.7%
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 $582,931
Total Liabilities $4,613
Net Assets $578,318
Compensation
Key Employees and Officers Compensation Other
Biao Lu (Ceo) $0 $0
June Shen (Cfo) $0 $0

Document Links

Fiscal Year Ending Oct.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$11,327
Expenses
$44,272
Net Income
-$32,945
Net Assets
$635,164
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $295
2.6%
Dividends $11,032
97.4%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $44,074
99.6%
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 $635,164
Total Liabilities $0
Net Assets $635,164

Document Links

Fiscal Year Ending Oct.
2018

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Oct.
2017

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Oct.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$154,052
Expenses
$25,249
Net Income
$128,803
Net Assets
$672,195
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $150,000
97.4%
Interest Revenue $31
0.0%
Dividends $4,021
2.6%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $25,202
99.8%
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 $672,195
Total Liabilities $0
Net Assets $672,195
Compensation
Key Employees and Officers Compensation Other
Biao Lu (Ceo) $0 $0
June Shen (Cfo) $0 $0

Document Links

Fiscal Year Ending Oct.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$252,334
Expenses
$11,530
Net Income
$240,804
Net Assets
$543,392
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $250,000
99.1%
Interest Revenue $32
0.0%
Dividends $2,302
0.9%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $11,514
99.9%
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 $543,392
Total Liabilities $0
Net Assets $543,392

Document Links

Fiscal Year Ending Oct.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$100,785
Expenses
$8,286
Net Income
$92,499
Net Assets
$302,588
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $100,000
99.2%
Interest Revenue $15
0.0%
Dividends $770
0.8%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,270
99.8%
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 $302,588
Total Liabilities $0
Net Assets $302,588

Document Links

Fiscal Year Ending Oct.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$100,781
Expenses
$507
Net Income
$100,274
Net Assets
$210,089
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $100,000
99.2%
Interest Revenue $7
0.0%
Dividends $774
0.8%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $493
97.2%
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 $210,089
Total Liabilities $0
Net Assets $210,089

Document Links

Fiscal Year Ending Oct.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,702
Expenses
$7,188
Net Income
-$1,486
Net Assets
$109,815
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $5,000
87.7%
Interest Revenue $0
Dividends $702
12.3%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $7,175
99.8%
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 $109,815
Total Liabilities $0
Net Assets $109,815

Document Links

Fiscal Year Ending Oct.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$25,650
Expenses
$5,971
Net Income
$19,679
Net Assets
$111,301
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $25,000
97.5%
Interest Revenue $0
Dividends $650
2.5%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,964
99.9%
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 $111,301
Total Liabilities $0
Net Assets $111,301

Document Links

Fiscal Year Ending Oct.
2010

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Oct.
2009

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Oct.
2008

No Extracted Financial Data

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

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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