Overview
What is Sammy Yukuan Lee Foundation?
The Sammy Yukuan Lee Foundation, situated in Monterey Park, California, serves as a benefactor for educational institutions. This nonprofit organization is primarily dedicated to sponsoring scholarships for deserving students and funding cultural lectures and publications. The latter includes universities, museums, and libraries, enriching their educational offerings. By providing financial support, the foundation plays a significant role in fostering knowledge and promoting cultural awareness within these institutions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%
The Sammy Yukuan Lee Foundation has received a One-Star out of Four Star rating, indicating significant concerns regarding its accountability and financial practices. With an Accountability & Finance score of 53%, the foundation's lack of independent board members and missing governance policies raises questions about its operational transparency and oversight.
Despite these challenges, the foundation shows strength in its financial management, highlighted by a low liabilities to assets ratio of 16.16% and a high program expense ratio of 97.25%. These figures suggest that the majority of its funds are directed towards its programs rather than administrative costs, which is a positive aspect of its financial health.
However, the absence of essential policies like conflict of interest, whistleblower protection, and document retention may hinder trust among stakeholders. Additionally, missing website disclosures related to governance documents could further impact the foundation's credibility. Overall, while the foundation is effectively utilizing its funds, its governance and transparency practices need substantial improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Sammy Yukuan Lee Foundation legitimate?
Sammy Yukuan Lee Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sammy Yukuan Lee 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 Sammy Yukuan Lee Foundation?
The Sammy Yukuan Lee Foundation's mission is centered around supporting education by providing scholarships for students and funding for cultural lectures and publications. This assistance is extended to various educational institutions such as universities, museums, and libraries. The foundation's objective is to contribute to the enrichment of knowledge and culture within these educational settings.
Who is the CEO of Sammy Yukuan Lee Foundation?
King Kong Lee is the Vice President of Sammy Yukuan Lee Foundation.
What is the revenue of Sammy Yukuan Lee Foundation?
Sammy Yukuan Lee Foundation's revenue in 2023 was -$2,441.
Who are the executives of Sammy Yukuan Lee Foundation and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Sammy Yukuan Lee Foundation?
Sammy Yukuan Lee Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Sammy Yukuan Lee Foundation
The Sammy Yukuan Lee Foundation, in its mission, offers scholarships to students and funds culture lectures and publications for various educational institutions, including universities, museums, and libraries. By providing these financial resources, the foundation aims to support the academic pursuits of students and enrich the educational experiences of individuals within these institutions by offering thought-provoking lectures and informative publications. Through this mission, the Sammy Yukuan Lee Foundation seeks to foster learning and inspire intellectual growth within the academic community.
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Impact
October, 2024
The Sammy Yukuan Lee Foundation plays a significant role in enhancing educational opportunities and cultural enrichment within communities. By providing scholarships to students, the Foundation helps alleviate financial burdens, enabling them to pursue higher education at institutions like UCLA and beyond. Additionally, it supports cultural lectures and publications, fostering a deeper understanding of diverse cultures and histories in academic environments such as universities, museums, and libraries. Through these initiatives, the Foundation not only invests in individual students' futures but also contributes to the broader educational landscape by promoting cultural awareness and scholarly discourse. This multifaceted impact underscores the Foundation's commitment to philanthropy and education, enriching knowledge and community engagement in Monterey Park, CA, and neighboring areas.
This information is meant to be a general summary of Sammy Yukuan Lee 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: -$2,441
- Gross Receipts: $3,774
Assets and Liabilities:
- Total Assets: $24,751
- Total Liabilities: $4,000
- Net Assets: $20,751
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Organization Details
Phone
(626) 288-7202Principal Officer
King Kong Lee
Main Address
362 W GARVEY AVENUE, MONTEREY PARK, CA, 91754
NTEE Category
Code: T20Z - Philanthropy
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