Overview
What is Yokyworks Foundation?
The Yokyworks Foundation, established in Bellevue, Washington, is a dedicated nonprofit organization with a primary focus on addressing literacy challenges in children. With a team of seven dedicated individuals, their mission is to eradicate barriers that hinder the reading abilities of children, thereby unleashing their full potential. They have demonstrated success in identifying, evaluating, and addressing children at risk of facing persistent literacy issues throughout their lives. The Foundation's activities are centered around this mission, aiming to make a significant impact in the realm of literacy and children's education.
Official website here: www.yokyworks.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 46%, Zero-Star out of Four Star rating.
The Yokyworks Foundation has received a low score of 46% from Charity Navigator, indicating significant concerns in its accountability and financial practices. Key areas of weakness include the absence of independent board members, lack of essential policies such as conflict of interest and whistleblower policies, and missing documentation of board meeting minutes. These deficiencies contribute to the organization's poor governance ratings.
Despite these issues, the foundation demonstrates a strong commitment to its programs, with a program expense ratio of 87.80%, indicating that a substantial portion of its expenditures is directed towards its mission. However, the high liabilities to assets ratio of 59.40% suggests potential financial instability, raising further concerns about its long-term sustainability and operational effectiveness.
Overall, while the Yokyworks Foundation has successfully allocated most of its resources towards its programs, the glaring gaps in governance and transparency hinder its credibility and trustworthiness as a nonprofit organization. Prospective donors may want to take these factors into account before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Yokyworks Foundation legitimate?
Yokyworks Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Yokyworks 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: $119,699
For more financial information, click here
Official website here: www.yokyworks.org
What is the mission statement of Yokyworks Foundation?
The Yokyworks Foundation's mission is centered around eliminating reading obstacles and unleashing the capabilities of every child. By undertaking assessments and interventions, they have effectively addressed the literacy challenges of children who were at risk of facing lifelong difficulties in this area.
Official website here: www.yokyworks.org
What is the revenue of Yokyworks Foundation?
Yokyworks Foundation's revenue in 2023 was $227,334.
Official website here: www.yokyworks.org
Who are the executives of Yokyworks Foundation and what are their salaries?
The average compensation at Yokyworks Foundation during 2023 was $39,900. There are 3 employees at Yokyworks Foundation.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $11,925
- Related: $0
- Other: $0
Official website here: www.yokyworks.org
Where can I find the form 990 for Yokyworks Foundation?
Yokyworks Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.yokyworks.org
Learn more at the official website: www.yokyworks.org
Mission Statement of Yokyworks Foundation
Yokyworks Foundation, a nonprofit organization, is dedicated to eliminating reading barriers and unleashing the potential in every child. Their mission is centered around identifying, assessing, and addressing the literacy challenges in children who are at risk of facing lifelong struggles with reading. By doing so, the foundation aims to equip these children with the necessary skills to thrive in their academic and personal lives.
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Impact
July, 2024
Yokyworks Foundation's impact lies in its successful identification, assessment, and remediation of children at risk of facing lifelong struggles with literacy problems. By removing reading barriers, the foundation unlocks the potential of every child and empowers them to succeed in their academic and personal lives. Through their commitment to human services and their mission to create a brighter future for children, Yokyworks Foundation positively influences the lives of many individuals in Bellevue, WA and beyond.
This information is meant to be a general summary of Yokyworks 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 2023.
- Investment Income: $1
- Program Service Revenue: $124,498
- Gross Receipts: $227,334
Assets and Liabilities:
- Total Assets: $34,853
- Total Liabilities: $20,705
- Net Assets: $14,148
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Dyslexia remediation
Revenue
$124,498
Organization Details
Founding Year
2009
Principal Officer
Yoky Matsuoka
Website
www.yokyworks.orgNTEE Category
Code: P80 - Human services
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