Overview
What is Kuofeng Foundation?
The Kuofeng Foundation, based in San Gabriel, California (specifically at 222 W LAS TUNAS DRIVE), is a nonprofit organization dedicated to enriching the local communities by fostering cultural experiences, arts, and education. Their mission lies in promoting these aspects, ensuring they remain accessible and appreciated by the community. The Foundation's activities are centered around this objective, making it an essential pillar within the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (50%)
The Kuofeng Foundation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored 50% overall, with particular weaknesses in governance, as it has no independent board members and several critical policies missing, including conflict of interest and whistleblower policies.
On the positive side, the foundation performs well in specific financial metrics, such as showing no material diversion of assets and maintaining a strong program expense ratio of 100%. This suggests that all expenditures are directed towards its programs, which is a notable strength.
However, the lack of transparency and governance practices raises red flags for potential donors. The absence of a website listed on its tax form and missing documentation like board meeting minutes further highlights the need for improvement in its operational transparency and accountability measures.
This AI summary has been generated from information found on Charity Navigator.
Is Kuofeng Foundation legitimate?
Kuofeng Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kuofeng 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 Kuofeng Foundation?
The Kuofeng Foundation's mission is centered around providing and fostering cultural experiences, arts, and education within local communities. Their primary objective is to promote these aspects, contributing to a richer and more enriched community life. By doing so, the foundation aims to enrich the local community's cultural landscape and foster a deeper appreciation for arts and education.
Who is the CEO of Kuofeng Foundation?
Craig Asanuma is the Secretary of Kuofeng Foundation.
What is the revenue of Kuofeng Foundation?
Kuofeng Foundation's revenue in 2021 was $1,250,565.
Who are the executives of Kuofeng Foundation and what are their salaries?
Where can I find the form 990 for Kuofeng Foundation?
Kuofeng Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Kuofeng Foundation
Kuofeng Foundation, a nonprofit organization, is committed to enriching the cultural experiences, arts, and education of local communities. Their mission is to actively promote and provide these essential elements, aiming to engage and inspire the communities they serve. By doing so, Kuofeng Foundation seeks to foster a deeper understanding and appreciation of various cultures, arts, and educational opportunities within the local community.
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Impact
July, 2024
Kuofeng Foundation's impact lies in its dedication to providing and promoting cultural experiences, arts, and education to local communities in San Gabriel, CA. Through its mission to enhance human services through cultural enrichment, the foundation plays a crucial role in fostering a sense of community and appreciation for diverse cultural expressions. By offering opportunities for educational growth and artistic exploration, Kuofeng Foundation enriches the lives of individuals and contributes to the vibrancy of the local community.
This information is meant to be a general summary of Kuofeng 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 2021.
- Investment Income: $565
- Gross Receipts: $1,250,565
Assets and Liabilities:
- Total Assets: $1,411,738
- Total Liabilities: $0
- Net Assets: $1,411,738
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Organization Details
Founding Year
2012
Principal Officer
Craig Asanuma
Main Address
222 W LAS TUNAS DRIVE, SAN GABRIEL, CA, 91776
NTEE Category
Code: P84 - Human services
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