Michael Yang Foundation
- Assets
- $286.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Salisbury, NC
- Founding
- 03/2003
- Data as of
- 12/2021
- EIN
- 51-0424438
Organization Overview
Michael Yang Foundation is located in Salisbury, NC. The organization was established in 2003. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michael Yang Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Michael Yang Foundation generated $26.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $15.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MICHAEL YANG FOUNDATION WAS FORMED IN RESPONSE TO AREAS OF NEED RECOGNIZED BY THE FOUNDERS OF THE ORGANIZATION WHO EXPERIENCED A LOSS OF A CHILD AT A VERY EARLY AGE. THE FOUNDATION WAS FORMED TO HELP IN THREE SPECIFIC AREAS: 1 - GRIEF SUPPORT PROGRAM FOR BEREAVED PARENTS IN SALISBURY, NC AND SURROUDING AREA FOR PARENTS WHO HAVE LOST A CHILD. THE FOUNDATION PAYS THE COSTS OF THE COUSELORS FOR THIS PROGRAM. 2 - KINDERMUSIK IS A MUSIC EDUCATION PROGRAM FOR CHILDREN RANGING IN AGE FROM BIRTH TO SEVEN YEARS OF AGE. THE FOUNDATION WILL SPONSOR A CHILD EACH SEMESTER TO HELP A CHILD EXPERIENCE THE BENEFITS OF MUSIC ENRICHMENT DURING THE EARLY YEARS OF LIFE. 3 - THE MICHAEL YANG FOUNDATION WILL SPONSOR A HIGH SCHOOL STUDENT EACH SUMMER TO PARTICIPATE IN A CHRISTIAN ORGANIZATION FOR DISINTERESTED TEENAGER - YOUNG LIFE. OTHER OPPORTUNITIES TO HELP THE YOUTH OF THE COMMUNITY ARE ALWAYS BEING EXPLORED.
Describe the Organization's Program Activity:
Part 3
GRIEF SUPPORT GROUP FOR PARENTS WHO HAVE LOST A YOUNG CHILD
MUSIC EDUCATION SCHOLARSHIP FOR YOUNG CHILDREN - KINDERMUSIK
SUPPORT PROGRAM FOR DISINTERESTED TEENAGERS - YOUNG LIFE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Billy Webb Director | 0 | $0 | |
Joseph Cataldo Director | 0 | $0 | |
Kathi Russo Director | 0 | $0 | |
Brian Miller Director | 0 | $0 | |
Kathy Rusher Director | 0 | $0 | |
Steve Yang Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,761 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $26,761 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,014 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,685 |
| Total expenses | $15,199 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $286,060 |
| Other assets | $0 |
| Total assets | $286,060 |
| Total liabilities | $632 |
| Net assets or fund balances | $285,428 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Michael Yang Foundation has recieved totaling $11,688.
| Awarding Organization | Amount |
|---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $11,688 |
Peer Organizations
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|---|---|---|
Emerald Youth Foundation Knoxville, TN | $26,135,509 | $10,102,853 |
National Honorary Beta Club Spartanburg, SC | $16,976,895 | $7,178,910 |
Girls On The Run International Charlotte, NC | $10,723,648 | $6,480,865 |
Tennessee Soccer Club Inc Brentwood, TN | $2,122,655 | $5,672,715 |
Impact Living Services Forest, VA | $3,151,473 | $6,118,517 |
Richmond First Tee Richmond, VA | $10,036,196 | $3,399,029 |
Corners Outreach Inc Peachtree Corners, GA | $1,471,202 | $3,739,961 |
Skillsusa Foundation Inc Leesburg, VA | $0 | $2,681,875 |
Horizons Atlanta Inc Atlanta, GA | $3,035,876 | $3,541,460 |
Durham Childrens Initiative Durham, NC | $2,025,864 | $2,503,533 |
Camp Kudzu Inc Atlanta, GA | $2,213,204 | $2,347,555 |
Knowledge Quest Inc Memphis, TN | $3,965,485 | $3,163,026 |