Overview
What is Silk Wave Mission?
Silk Wave Mission is a nonprofit organization situated in Anaheim, California, with a distinct focus on providing Christian-based programs for countries along the Silk Road. Established with a Christian mission in mind, the organization offers various initiatives specifically tailored for these regions.
What are the reviews and ratings of this charity?
This charity has a rating of 59% on Charity Navigator, which translates to a One-Star out of Four Star rating. The low score reflects significant weaknesses in accountability and financial transparency, with zero independent board members and missing key governance policies such as conflict of interest and whistleblower policies. The absence of financial statements further contributes to its poor evaluation.
Despite these concerns, Silk Wave Mission does show some strengths, including a material diversion of assets score of 20 out of 20, indicating no issues in this area. Additionally, the organization has a solid program expense ratio of 68.67%, suggesting that the majority of its funds are directed toward its programs and services rather than administrative costs.
However, the organization faces challenges in fundraising efficiency, scoring only $0.062, which indicates that a significant portion of the donations is not effectively converted into program services. The working capital ratio of 0.35 years also suggests potential liquidity issues, raising concerns about its financial stability and sustainability moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Silk Wave Mission legitimate?
Silk Wave Mission is a legitimate nonprofit organization registered as a 501(c)(3) entity. Silk Wave Mission submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $345,560
For more financial information, click here
What is the mission statement of Silk Wave Mission?
Silk Wave Mission is a Christian organization, focusing on programs designed for nations along the Silk Road. Their primary mission is to carry out religious activities in these regions, operating as a beacon of faith. Established in an unspecified location, the organization's work is centered around spreading Christian beliefs and values in the Silk Road countries. While the information provided does not include a detailed mission statement, it is evident that Silk Wave Mission's purpose revolves around spreading their religious beliefs and offering support in the targeted regions.
Who is the CEO of Silk Wave Mission?
Sei Woong Lee is the Secretary of Silk Wave Mission.
What is the revenue of Silk Wave Mission?
Silk Wave Mission's revenue in 2023 was $2,948,871.
Who are the executives of Silk Wave Mission and what are their salaries?
The average compensation at Silk Wave Mission during 2023 was $31,415. There are 11 employees at Silk Wave Mission.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Silk Wave Mission?
Silk Wave Mission's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Silk Wave Mission
Silk Wave Mission, headquartered in an undisclosed location, is a faith-based organization with a mission focused on the Silk Road countries. Dedicated to its Christian beliefs, Silk Wave Mission designs programs specifically for this region. The organization's purpose is to carry out its Christian mission, demonstrating a strong commitment to the values and beliefs it holds dear.
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Impact
October, 2024
Silk Wave Mission significantly impacts communities in Silk Road countries through tailored programs that promote Christian values and outreach. By focusing on the unique cultural and spiritual needs of these regions, it fosters understanding and connection among diverse populations. The organization's efforts include community support, educational initiatives, and the dissemination of faith-based resources, all aimed at uplifting individuals and strengthening societal bonds. Based in Anaheim, CA, Silk Wave Mission acts as a vital link between local supporters and the needs of those in Silk Road areas, facilitating change and promoting hope through its holistic approach to mission work.
This information is meant to be a general summary of Silk Wave Mission. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Program Service Revenue: $1,722,991
- Gross Receipts: $2,948,871
Assets and Liabilities:
- Total Assets: $696,566
- Total Liabilities: $3,637
- Net Assets: $692,929
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$1,722,991
Organization Details
Founding Year
2006
Principal Officer
Sei Woong Lee
Main Address
2111 W CRESCENT AVE RM/STE E, ANAHEIM, CA, 92801
NTEE Category
Code: X200 - Religion related
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