Shau Wai And Marie Lam Family Foundation
Shau Wai And Marie Lam Family Foundation shows fluctuating revenues and expenses with no officer compensation.
EIN: 134222089 · Summit, NJ · NTEE: T22 · Updated: 2026-03-28
Is Shau Wai And Marie Lam Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Shau Wai And Marie Lam Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Shau Wai And Marie Lam Family Foundation
Shau Wai And Marie Lam Family Foundation (EIN: 134222089) is a nonprofit organization based in Summit, NJ, classified under NTEE code T22. The organization reported total revenue of $229K and total assets of $838K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shau Wai And Marie Lam Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Shau Wai And Marie Lam Family Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Shau Wai And Marie Lam Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its executives. This suggests a highly efficient use of funds, as administrative overhead related to executive pay is entirely absent, likely due to volunteer leadership or external management.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Shau Wai And Marie Lam Family Foundation's IRS 990 filings:
- Significant year-over-year fluctuations in revenue and expenses, making financial predictability challenging.
- Declining asset base over the past decade, from $2.4M in 2014 to $0.8M in 2023, which could impact future grantmaking capacity.
Strengths
The following positive indicators were identified for Shau Wai And Marie Lam Family Foundation:
- Consistent reporting of 0% officer compensation, indicating highly efficient use of funds.
- Excellent financial transparency through consistent IRS 990 filings.
- Minimal liabilities reported across all periods, suggesting strong financial management and no significant debt.
- Likely high program spending ratio given the absence of executive compensation and the nature of a private foundation.
Frequently Asked Questions about Shau Wai And Marie Lam Family Foundation
Is Shau Wai And Marie Lam Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Shau Wai And Marie Lam Family Foundation (EIN: 134222089) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Shau Wai And Marie Lam Family Foundation spend its money?
Shau Wai And Marie Lam Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Shau Wai And Marie Lam Family Foundation tax-deductible?
Shau Wai And Marie Lam Family Foundation is registered as a tax-exempt nonprofit (EIN: 134222089). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Shau Wai And Marie Lam Family Foundation a good charity?
Based on the available data, the foundation appears to be a well-managed private foundation. It consistently files its IRS 990s, reports zero officer compensation, and maintains minimal liabilities. Its primary function is likely grantmaking, and the absence of executive salaries suggests a high proportion of funds are directed towards its charitable purpose, making it a good choice for supporting its mission.
What is the trend in the foundation's assets?
The foundation's assets have generally decreased over the past decade, from a high of $2,443,393 in 2014 to $857,726 in 2023. This trend could indicate significant grantmaking activity exceeding new contributions or market fluctuations impacting investments.
How does the foundation manage its liabilities?
The foundation consistently reports extremely low liabilities, often $0 or $1, across all available filings. This indicates excellent financial health and a strong ability to meet its obligations without incurring significant debt.
Filing History
IRS 990 filing history for Shau Wai And Marie Lam Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Shau Wai And Marie Lam Family Foundation's revenue has grown by 22.5%, moving from $90K to $110K. Total assets decreased by 6.5% over the same period, from $917K to $858K. Total functional expenses fell by 66.9%, from $562K to $186K. In its most recent filing year (2023), Shau Wai And Marie Lam Family Foundation reported a deficit of $76K, with expenses exceeding revenue. The organization holds $1 in liabilities against $858K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $858K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $110K | $186K | $858K | $1 | — | View 990 |
| 2022 | $65K | $131K | $935K | $1 | — | View 990 |
| 2021 | $84K | $200K | $1.0M | $1 | — | — |
| 2020 | $390K | $367K | $1.1M | $1 | — | — |
| 2019 | $284K | $976K | $1.1M | $0 | — | View 990 |
| 2015 | $30K | $161K | $2.3M | $1 | — | View 990 |
| 2014 | $1.8M | $112K | $2.4M | $1 | — | View 990 |
| 2013 | $24K | $106K | $721K | $0 | — | View 990 |
| 2012 | $2K | $116K | $803K | $0 | — | View 990 |
| 2011 | $90K | $562K | $917K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $110K, expenses of $186K, and assets of $858K (revenue +69.1% year-over-year).
- 2022: Revenue of $65K, expenses of $131K, and assets of $935K (revenue -22.6% year-over-year).
- 2021: Revenue of $84K, expenses of $200K, and assets of $1.0M (revenue -78.4% year-over-year).
- 2020: Revenue of $390K, expenses of $367K, and assets of $1.1M (revenue +37.2% year-over-year).
- 2019: Revenue of $284K, expenses of $976K, and assets of $1.1M (revenue +834.8% year-over-year).
- 2015: Revenue of $30K, expenses of $161K, and assets of $2.3M (revenue -98.3% year-over-year).
- 2014: Revenue of $1.8M, expenses of $112K, and assets of $2.4M (revenue +7408.1% year-over-year).
- 2013: Revenue of $24K, expenses of $106K, and assets of $721K (revenue +1099.5% year-over-year).
- 2012: Revenue of $2K, expenses of $116K, and assets of $803K (revenue -97.7% year-over-year).
- 2011: Revenue of $90K, expenses of $562K, and assets of $917K.
Data Sources and Methodology
This transparency report for Shau Wai And Marie Lam Family Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.