Salang Foundation
- Assets
- $238.1k
- Revenue
- -$11.0k
- Investments
- $167.7k
- Employees
- 0
- Location
- Mercer Island, WA
- Founding
- 11/2013
- Data as of
- 12/2022
- EIN
- 45-4018245
Organization Overview
Salang Foundation is located in Mercer Island, WA. The organization was established in 2013. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salang Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL EVENT TO SUPPORT AND FACILITATE JOB TRAINING FOR YOUNG ADULTS FROM ORPHANAGES IN SOUTH KOREA. TEACHERS AND EXPERTS ARE HIRED TO TEACH VARIOUS JOB SKILLS, AS WELL AS TO PROVIDE A SPACE WHERE THE YOUNG ADULTS CAN LEARN. THE JOB SKILLS INCLUDE A WIDE RANGE OF SKILLS, FROM BARISTA SKILLS TRAINING TO BASIC COMPUTER SKILLS TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Shin President | 2 | $0 | |
Song So Director | 2 | $0 | |
Kenneth Kang Secretary | 2 | $0 | |
Jessica Shin Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9 |
| Dividends & Interest | $1,999 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$13,046 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$11,038 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $356 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,551 |
| Printing and publications | $0 |
| Other expenses | $9,740 |
| Total operating and administrative expenses | $20,147 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $25,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,257 |
| Savings and temporary cash investments | $27,198 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $238,143 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Salang Foundation has awarded $13,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HANHEE KIM WORLD MISSION CENTER PURPOSE: PROVIDE SUPPORT TO PERU CHILDREN | $5,000 |
Tacoma, WA PURPOSE: FAMILY SERVICES SUPPORT | $5,000 |
FUSION- FRIENDS UNITED TO SHELTER DBA FUSION PURPOSE: HOUSING AND SUPPORT SERVICES TO FAMILIES | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Making A Difference Foundation Seattle, WA | $5,648,581 | $9,801,406 |
Washington State University Global Health Pullman, WA | $474,066 | $7,124,881 |
Worldreader Org Seattle, WA | $11,912,107 | $9,017,027 |
All Gods Children International Vancouver, WA | $4,347,832 | $7,534,520 |
International Childrens Care Inc Vancouver, WA | $2,390,869 | $3,895,114 |
Days For Girls International Mount Vernon, WA | $1,621,886 | $3,676,158 |
Childcare Worldwide Lynden, WA | $2,694,359 | $2,926,893 |
India Partners Eugene, OR | $2,001,509 | $3,503,989 |
Glenorchy Marketplace Foundation Bellevue, WA | $35,571,268 | $3,025,099 |
African Entrepreneurship Collective Clinton, WA | $11,434,782 | $6,049,617 |
Alliance For Children Everywhere Seattle, WA | $495,240 | $1,071,349 |
Hands Of Hope Northwest Inc Nampa, ID | $2,825,926 | $2,376,138 |