Overview
What is The Michigan Korean Chamber Of Commerce Foundation?
The Michigan Korean Chamber of Commerce Foundation is a charitable and educational nonprofit organization, headquartered in Bingham Farms, Michigan. With a mission centered around charitable and educational purposes, they distribute funds to organizations falling under Section 501(C)(3) of the Internal Revenue Code. Their primary activities include educating their members and running a scholarship program. Furthermore, they also conduct an annual Turkey Give-Away event, aiming to assist and uplift the community. The foundation serves as a vital resource for fostering growth and development within the Korean-American business community in Michigan.
Is The Michigan Korean Chamber Of Commerce Foundation legitimate?
The Michigan Korean Chamber Of Commerce Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Michigan Korean Chamber Of Commerce Foundation 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: $0
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What is the mission statement of The Michigan Korean Chamber Of Commerce Foundation?
The Michigan Korean Chamber of Commerce Foundation is established for charitable and educational purposes, primarily focusing on making distributions to organizations that fall under Section 501(C)(3) of the Internal Revenue Code. Its mission is centered around educating its members and providing support through its scholarship and Turkey give-away programs. The foundation operates exclusively for these objectives, aiming to contribute positively to the community and support eligible organizations.
What is the revenue of The Michigan Korean Chamber Of Commerce Foundation?
The Michigan Korean Chamber Of Commerce Foundation's revenue in 2024 was $1.
Who are the executives of The Michigan Korean Chamber Of Commerce Foundation and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for The Michigan Korean Chamber Of Commerce Foundation?
The Michigan Korean Chamber Of Commerce Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Michigan Korean Chamber Of Commerce Foundation
The Michigan Korean Chamber of Commerce Foundation, established with charitable and educational objectives in mind, is dedicated to making distributions to organizations under Section 501(C)(3) of the Internal Revenue Code. This organization's mission is twofold: to educate its members and oversee scholarship and turkey give-away programs. Through these initiatives, the foundation aims to contribute positively to the community, fostering growth and development in various aspects. By providing educational resources to its members, the Michigan Korean Chamber of Commerce Foundation empowers individuals to make informed decisions and contribute to the betterment of the community. Furthermore, its scholarship and turkey give-away programs demonstrate the organization's commitment to supporting deserving individuals and contributing to the holiday spirit, thus strengthening the community as a whole.
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Impact
October, 2024
The Michigan Korean Chamber of Commerce Foundation significantly impacts its community by focusing on charitable and educational initiatives. Through various programs, it seeks to educate its members, enhancing their business acumen and fostering professional development.
One of the foundation's key activities includes the scholarship program, which provides financial assistance to deserving students, promoting higher education within the community. Additionally, the Turkey Give-Away program exemplifies its commitment to community welfare, especially during the holiday season, as it supports families in need.
By making distributions to other charitable organizations, the foundation extends its reach, further benefiting the broader community in Michigan. Overall, its initiatives not only support education and economic growth but also strengthen community bonds and uplift those in need.
This information is meant to be a general summary of The Michigan Korean Chamber Of Commerce Foundation. 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 2024.
- Investment Income: $1
- Gross Receipts: $1
Assets and Liabilities:
- Total Assets: $25,779
- Total Liabilities: $0
- Net Assets: $25,779
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Organization Details
Principal Officer
Tae W Kim
NTEE Category
Code: B01 - Education
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