Overview
What is Chen & Shao Anti-Cancer Foundation Inc?
Chen & Shao Anti-Cancer Foundation Inc is a nonprofit organization that wholeheartedly supports research aimed at combating cancer. They demonstrate their commitment by donating substantial funds, specifically $100,000, towards brain cancer research. The foundation's mission extends beyond financial assistance, as they also sponsor seminars and various other activities related to Anti-Cancer research. Their efforts are instrumental in promoting advancements and understanding in the field of cancer treatment and prevention.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Star rating, Overall score: 73%
The Chen & Shao Anti-Cancer Foundation Inc has received a rating of "Needs Improvement" with an overall score of 73%. This indicates that while the organization demonstrates some strengths in financial practices, there are significant areas that require attention. The organization has achieved high marks for accountability measures such as having a majority of independent board members and a favorable liabilities to assets ratio.
Despite these strengths, the nonprofit faces critical shortcomings in transparency and governance. Key policies such as conflict of interest, whistleblower, and document retention policies are reported as missing, which raises concerns about the operational integrity of the organization. Additionally, the absence of financial documents on their website further hinders potential donors' ability to assess the charity's financial health.
With a program expense ratio of 88.86%, the foundation appears to allocate the majority of its resources to its charitable activities. However, the lack of required documentation and policies can affect stakeholder trust and may impede future funding opportunities. Overall, while the foundation is actively engaged in its mission, improvements in governance and transparency are essential for enhancing its reputation and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Chen & Shao Anti-Cancer Foundation Inc legitimate?
Chen & Shao Anti-Cancer Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chen & Shao Anti-Cancer Foundation Inc 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 Chen & Shao Anti-Cancer Foundation Inc?
The Chen & Shao Anti-Cancer Foundation Inc's mission is centered around providing financial support for anti-cancer research. This includes donating substantial sums, such as $100,000 for brain cancer research, and funding various seminars and activities related to anti-cancer initiatives. The organization's primary goal is to contribute to the advancement of cancer research to ultimately find cures and improve treatment options.
Who is the CEO of Chen & Shao Anti-Cancer Foundation Inc?
Xiyun Shao is the President of Chen & Shao Anti-Cancer Foundation Inc.
What is the revenue of Chen & Shao Anti-Cancer Foundation Inc?
Chen & Shao Anti-Cancer Foundation Inc's revenue in 2022 was $150,017.
Who are the executives of Chen & Shao Anti-Cancer Foundation Inc and what are their salaries?
There 2 volunteers at Chen & Shao Anti-Cancer Foundation Inc.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Chen & Shao Anti-Cancer Foundation Inc?
Chen & Shao Anti-Cancer Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chen & Shao Anti-Cancer Foundation Inc
The Chen & Shao Anti-Cancer Foundation Inc is committed to supporting the fight against cancer. Their mission is centered around funding various anti-cancer research projects, seminars, and other related activities. This nonprofit organization demonstrates a strong dedication to contributing financially towards brain cancer research, in particular, by donating a substantial sum of $100,000. The foundation's activities are not limited to financial support, as they also contribute to organizing seminars and other related events to further advance the understanding and treatment of cancer. Overall, the Chen & Shao Anti-Cancer Foundation Inc plays a crucial role in the anti-cancer community by providing financial backing and facilitating knowledge sharing through seminars and other events.
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Impact
October, 2024
Chen & Shao Anti-Cancer Foundation Inc significantly impacts the fight against cancer through its dedicated funding for anti-cancer research and educational seminars. By providing substantial financial support, such as a $100,000 donation specifically directed towards brain cancer research, the organization amplifies efforts to advance scientific knowledge and innovative treatment options.
In addition to research funding, the foundation organizes seminars and activities that foster education, awareness, and collaboration within the medical community, ensuring that the latest findings and methodologies are disseminated effectively. This multifaceted approach not only enhances research capabilities but also encourages ongoing dialogue among researchers, clinicians, and patients, ultimately contributing to improved outcomes in cancer treatment and prevention. Through its initiatives in Syosset, NY, the Chen & Shao Anti-Cancer Foundation plays a crucial role in the broader landscape of medical research focused on combating cancer.
This information is meant to be a general summary of Chen & Shao Anti-Cancer Foundation Inc. 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 2022.
- Investment Income: $17
- Gross Receipts: $150,017
Assets and Liabilities:
- Total Assets: $330,611
- Total Liabilities: $0
- Net Assets: $330,611
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Organization Details
Founding Year
2015
Phone
(917) 825-9391Principal Officer
Xiyun Shao
Main Address
15 JEAN PL, SYOSSET, NY, 11791
NTEE Category
Code: H30 - Medical research
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