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Global Children Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 522114748 ✦ San francisco, CA ✦ Designated as a 501(c)(3)

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Overview

What is Global Children Foundation Inc?

Global Children Foundation Inc, based in San Francisco, California, is a compassionate nonprofit organization with a single employee. Their primary mission is to aid children globally who are in dire need of essentials such as food, education, and medical care. To accomplish this, they solicit donations from the public and host special events. Their purpose is to alleviate the suffering of children worldwide, ensuring they have access to essential resources to thrive. The Foundation's activities are centered around this mission, striving to make a positive impact on the lives of disadvantaged children worldwide.


Official website here: www.globalchildren.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 1 Star (56%)

The Global Children Foundation Inc has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With an overall score of 56%, the organization shows weaknesses in governance, particularly due to a lack of independent board members and missing essential policies such as conflict of interest and whistleblower protections.

On a positive note, the foundation has demonstrated responsible financial management, as evidenced by a low liabilities to assets ratio of 0.14% and a program expense ratio of 61.08%. However, the absence of key financial oversight measures, such as an audit committee and transparent board meeting minutes, raises questions about its operational integrity.

Overall, while the organization does manage its financial resources effectively in some aspects, the shortcomings in governance and the lack of independent oversight severely impact its accountability rating. Prospective donors and stakeholders may want to consider these factors when evaluating their support for the organization.


This AI summary has been generated from information found on Charity Navigator.

Is Global Children Foundation Inc legitimate?

Global Children Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Global Children 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: $36,000

For more financial information, click here


Official website here: www.globalchildren.org

What is the mission statement of Global Children Foundation Inc?

The Global Children Foundation Inc's mission is centered around providing aid to children globally who are in dire need of essentials such as food, education, and medical attention. They fulfill this mission by collecting donations from the public and organizing special events. Their primary objective is to offer assistance to these needy children, ensuring they have access to the basic necessities they require to lead fulfilling lives. The foundation's activities are geared towards making a tangible impact in the lives of these children, ultimately striving for a world where all children have an equal opportunity to thrive.


Official website here: www.globalchildren.org

Who is the CEO of Global Children Foundation Inc?

Karen Chung is the Chairman of Global Children Foundation Inc.


Official website here: www.globalchildren.org

What is the revenue of Global Children Foundation Inc?

Global Children Foundation Inc's revenue in 2022 was $1,327,983.


Official website here: www.globalchildren.org

Who are the executives of Global Children Foundation Inc and what are their salaries?

The average compensation at Global Children Foundation Inc during 2022 was $36,000. There is 1 employee and 350 volunteers at Global Children Foundation Inc.


Here are 16 key members and their salaries:


Grace Sung (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Chung (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kyung Soon Kim (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
In Sook Yu Song (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sook Ja Lee (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alice Kim (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Yeong Sook Kim (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wendy Yoo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Claire Kang (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Young Sook Choi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Seu Hee Lee (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Yum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angeline Cho (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Sohn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pyoung Ran Choi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Young Chon (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.globalchildren.org

Where can I find the form 990 for Global Children Foundation Inc?

Global Children Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.globalchildren.org

Learn more at the official website: www.globalchildren.org

Mission Statement of Global Children Foundation Inc

Global Children Foundation Inc is committed to extending aid to children worldwide who are struggling with basic necessities such as food, education, and medical care. Their mission, in essence, is to alleviate these challenges faced by these vulnerable children. The organization achieves this by accepting donations from the public and hosting special events. Utilizing these resources, Global Children Foundation Inc provides essential assistance to children in need, ensuring they have access to the fundamental necessities that foster their growth and well-being.

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Impact




July, 2024

Global Children Foundation Inc's impact is far-reaching, providing essential assistance to children around the world who are in need of food, education, and medical attention. Through donations from the general public and special events, the organization has been able to reach out to vulnerable children in various countries, offering them a chance for a better future. Their mission to provide support to those who need it the most is reflected in the tangible improvements in the lives of countless children who have benefitted from their efforts.




This information is meant to be a general summary of Global Children 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.

Revenue
$1,327,983 (2022)
Expenses
$1,052,121 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,556
  • Gross Receipts: $1,327,983

Assets and Liabilities:

  • Total Assets: $1,554,641
  • Total Liabilities: $2,200
  • Net Assets: $1,552,441

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Organization Details

Founding Year

1998

Principal Officer

Karen Chung

Main Address

4026 THIRD STREET, SAN FRANCISCO, CA, 94124

NTEE Category

Code: P600 - Human services

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