Overview
What is Peter And Maria Yi Charitable Foundation?
The Peter And Maria Yi Charitable Foundation, headquartered in Commerce, California (90040), is a nonprofit organization with a compassionate mission. Its primary goal is to cater to the needs of underprivileged individuals across various demographics. This includes supporting children, providing aid to senior citizens, assisting undocumented students in need of financial assistance, offering assistance to the homeless, and caring for the ailing. The foundation's activities and mission are centered around these charitable purposes, aiming to make a positive impact in their respective communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star Rating, 73%)
The Peter and Maria Yi Charitable Foundation has received a two-star rating from Charity Navigator, indicating a need for improvement in certain areas despite strong performance in accountability and finance. The organization scored an impressive 100% in financial metrics, showcasing an excellent liabilities to assets ratio and a full program expense ratio, which suggests that it directs all of its expenses towards its programs.
However, the foundation has several significant gaps in its governance practices. Key policies, including a conflict of interest policy, whistleblower policy, and document retention and destruction policy, are all missing. Additionally, the charity does not have a listed website on its tax form, which impacts transparency and accessibility for potential donors and stakeholders.
Overall, while the foundation demonstrates sound financial management, addressing its governance shortcomings is critical for enhancing its credibility and effectiveness. Improving these areas could help build trust and support from the community and potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Peter And Maria Yi Charitable Foundation legitimate?
Peter And Maria Yi Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peter And Maria Yi Charitable 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
For more financial information, click here
What is the mission statement of Peter And Maria Yi Charitable Foundation?
The Peter And Maria Yi Charitable Foundation is committed to serving the needs of underprivileged individuals. Their mission encompasses supporting children, senior citizens, undocumented students requiring financial aid, the homeless, and the ailing. The foundation aims to provide aid and resources to these groups, working towards alleviating their hardships and improving their overall well-being.
Who is the CEO of Peter And Maria Yi Charitable Foundation?
Jung M Park is the Ceo of Peter And Maria Yi Charitable Foundation. The CEO's salary of Peter And Maria Yi Charitable Foundation is $0 and their total compensation is $0.
What is the revenue of Peter And Maria Yi Charitable Foundation?
Peter And Maria Yi Charitable Foundation's revenue in 2020 was $10,002.
Who are the executives of Peter And Maria Yi Charitable Foundation and what are their salaries?
Here are 3 key members and their salaries (Peter And Maria Yi Charitable Foundation's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Peter And Maria Yi Charitable Foundation?
Peter And Maria Yi Charitable Foundation's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Peter And Maria Yi Charitable Foundation
The Peter and Maria Yi Charitable Foundation is dedicated to serving the needs of underprivileged individuals in various capacities. This nonprofit organization aims to support children, senior citizens, undocumented students in need of financial aid, the homeless, and those who are ailing. By undertaking these charitable purposes, the Foundation aims to make a significant impact on the lives of these vulnerable groups, ensuring they have access to essential resources and aid. The Foundation's mission is to provide a helping hand and create opportunities for these individuals, enabling them to overcome adversity and improve their quality of life.
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Impact
August, 2024
The Peter And Maria Yi Charitable Foundation has had a significant impact by serving the needs of underprivileged individuals, including children, senior citizens, undocumented students in need of financial aid, the homeless, and the ailing. Their philanthropic efforts have made a tangible difference in the lives of those who are most vulnerable in society. Their commitment to creating positive change and providing support to marginalized communities has been commendable. The foundation's work in Commerce, CA, reflects their mission to address pressing societal challenges and uplift those in need. Through their initiatives, the Peter And Maria Yi Charitable Foundation has demonstrated a deep sense of compassion and a dedication to making a meaningful impact in the lives of others.
This information is meant to be a general summary of Peter And Maria Yi Charitable 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 2020.
- Investment Income: $2
- Gross Receipts: $10,002
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2013
Phone
(562) 682-0234Principal Officer
Jung M Park
Main Address
7245 E Oxford Way, Commerce, CA, 90040
NTEE Category
Code: T99 - Philanthropy
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