Overview
What is Friends Of Little Saigon?
Friends of Little Saigon is a nonprofit organization situated in Seattle, Washington, specifically at 1227 S WELLER ST A. Their primary mission is to safeguard and enrich the cultural, economic, and historical significance of the Little Saigon neighborhood. To achieve this, they collaborate with local government agencies and engage with the community to create plans and visions for the area's future development and to support small businesses. Their activities involve working towards the betterment of the Little Saigon neighborhood, which includes potential advancements and opportunities for small businesses. They currently employ a team of eight individuals.
Official website here: www.flsseattle.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Friends Of Little Saigon has received an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The charity scores 96%, indicating exceptional management and transparency in its operations. This rating is primarily based on the organization’s financial practices, emphasizing its effective governance and ethical standards.
The organization boasts a fully independent board with all eight members being independent, which contributes positively to its governance score. Friends Of Little Saigon has robust financial policies in place, including a whistleblower policy and a conflict of interest policy, both of which enhance its credibility. Additionally, the charity has demonstrated a low liabilities-to-assets ratio at 21.67%, showcasing its financial stability.
However, while the financial metrics are strong, the summary does not provide information on the charity's program effectiveness or impact on the community. Thus, potential donors might want to seek further details about the outcomes of its initiatives to ensure their contributions achieve meaningful results. Overall, the rating suggests a well-managed organization with a solid financial foundation.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Little Saigon legitimate?
Friends Of Little Saigon is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Little Saigon 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: $79,526
Professional Fundraising Fees: $0
Other Salaries and Wages: $202,785
For more financial information, click here
Official website here: www.flsseattle.org
What is the mission statement of Friends Of Little Saigon?
Friends of Little Saigon's mission is centered around preserving and enhancing the cultural, economic, and historical significance of a specific area. Their primary objective is to revitalize this area and foster its growth, with a special focus on supporting local businesses. They achieve this by collaborating with the community and local government agencies, working together to develop plans and visions for the neighborhood, which includes future development and opportunities for small businesses.
Official website here: www.flsseattle.org
What is the revenue of Friends Of Little Saigon?
Friends Of Little Saigon's revenue in 2023 was $1,279,843.
Official website here: www.flsseattle.org
Who are the executives of Friends Of Little Saigon and what are their salaries?
The average compensation at Friends Of Little Saigon during 2023 was $28,231. There are 10 employees and 140 volunteers at Friends Of Little Saigon.
Here are 10 key members and their salaries:
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- Compensation: $75,421
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- Other: $4,105
Official website here: www.flsseattle.org
Where can I find the form 990 for Friends Of Little Saigon?
Friends Of Little Saigon's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.flsseattle.org
Learn more at the official website: www.flsseattle.org
Mission Statement of Friends Of Little Saigon
Friends of Little Saigon, a community organization, is committed to preserving and enhancing the cultural, economic, and historic vitality of Little Saigon. The mission of this nonprofit is twofold: to engage with the community and collaborate with local government agencies, and to develop plans and visions for the neighborhood. These plans encompass future development and opportunities to support small businesses within Little Saigon. By working towards these goals, Friends of Little Saigon aims to maintain the unique character and rich history of this vibrant community.
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Impact
July, 2024
Friends Of Little Saigon's impact can be seen in their dedicated efforts to preserve and enhance Little Saigon's cultural, economic, and historic vitality. Through neighborhood planning and economic development initiatives, they engage with the community and collaborate with local government agencies to develop plans and visions for the Little Saigon neighborhood. These plans include future development strategies and opportunities to support small businesses. Their work contributes to the growth and sustainability of the community, fostering a sense of belonging and empowerment among residents and business owners.
This information is meant to be a general summary of Friends Of Little Saigon. 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: $13
- Program Service Revenue: $118,647
- Gross Receipts: $1,290,035
Assets and Liabilities:
- Total Assets: $1,365,385
- Total Liabilities: $295,891
- Net Assets: $1,069,494
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$74,068
PROGRAM FEES
Revenue
$44,579
Organization Details
Founding Year
2011
Principal Officer
Quynh Pham
Website
www.flsseattle.orgNTEE Category
Code: S20 - Community improvement
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