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Somang Society

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

EIN: 770695791 ✦ Cypress, CA ✦ Designated as a 501(c)(3)

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Overview

What is Somang Society?

Somang Society is a nonprofit organization based in Cypress, California, with a local office in Chad, Africa. Initially, Good Neighbor USA and UN Up performed well-being programs and school set-up in Chad until 2014. Since 2015, Somang Society has taken over these projects, along with other humanitarian initiatives, by appointing a local director and setting up a local office, gaining approval from the Chad government as a non-profit organization. The organization's mission is to foster leadership and support well-being programs through seminars, symposiums, journal publications, and advocacy efforts to promote well-being, well-aging, and well-dying. Somang Society currently employs 6 individuals.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 67%, Two-Star out of Four Star rating.

Somang Society has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and transparency within its operations. The charity scored particularly well in its financial statements, achieving full marks in that area, which suggests strong financial practices. However, concerns arise from the lack of independent board members and missing key policies such as conflict of interest and whistleblower protections, which are critical for maintaining organizational integrity.

The charity's program expense ratio is commendable at 76.79%, demonstrating a significant commitment to its programs over administrative costs. However, the absence of an independent board and critical governance policies raises questions about oversight and potential conflicts of interest within the organization. This lack of independence could potentially hamper the charity's ability to operate effectively and transparently.

Overall, while Somang Society shows promise in its programmatic focus and financial management, improvements are needed in governance and transparency practices to enhance its accountability and build trust with supporters. Addressing these limitations could greatly benefit the organization in the long run.


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

Is Somang Society legitimate?

Somang Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. Somang Society 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: $149,947

For more financial information, click here

What is the mission statement of Somang Society?

The Somang Society's mission is centered around supporting leadership and promoting well-being, well-aging, and well-dying. They achieve this by conducting seminars, symposiums, and publishing journals to educate and promote these concepts. Their primary goal is to enhance the overall quality of life, from youth to elderly, and to facilitate a peaceful transition during the end-of-life phase. The organization has been directly managing humanitarian projects since 2015, following the handover from Good Neighbor USA in Chad, Africa. They have set up a local office and appointed a local director, gaining approval as a non-profit organization from the Chad government.

Who is the CEO of Somang Society?

Boon J Lee is the Secretary of Somang Society. The CEO's salary of Somang Society is $0 and their total compensation is $0.

What is the revenue of Somang Society?

Somang Society's revenue in 2022 was $848,484.

Who are the executives of Somang Society and what are their salaries?

The average compensation at Somang Society during 2022 was $24,991. There are 6 employees and 40 volunteers at Somang Society.


Here are 4 key members and their salaries (Somang Society's CEO's salary is $0 and their total compensation is $0):


Kyoung C Choi (Secretary)
  • Compensation: $48,300
  • Related: $0
  • Other: $0
Hye-Won G Shin Chae (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Boon J Lee (Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Young G Chung (Cfo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Somang Society?

Somang Society's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Somang Society

The Somang Society, a non-profit organization, is committed to supporting leadership and promoting well-being programs. They achieve this by conducting seminars, symposiums, and journal publications to educate and advocate for well-being, well-aging, and well-dying. The organization's mission is to facilitate knowledge sharing and foster an understanding of these crucial aspects of life, aiming to improve overall quality of life.

In essence, the Somang Society serves as an educational platform, utilizing various formats like seminars, symposiums, and journal publications to disseminate information. Their primary focus is on promoting well-being, well-aging, and well-dying, which encompasses the entire life cycle from thriving to aging gracefully, and eventually, passing on with dignity. By doing so, the organization hopes to contribute positively to individuals' lives and ultimately, society as a whole.

Since 2015, the Somang Society has been directly managing humanitarian projects in Chad, Africa, following the departure of Good Neighbor USA. They have established a local office and appointed a local director, gaining approval from the Chad government as a non-profit organization. This local presence allows the Somang Society to better connect with the community and tailor their programs to meet the unique needs of the region, furthering their mission to support leadership and promote well-being programs.

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Impact




July, 2024

Somang Society has a significant impact on promoting well-being, well-aging, and well-dying through its leadership support and educational programs. By conducting seminars, symposiums, and journal publications, Somang Society is actively working to educate and raise awareness about these important topics. Additionally, the society has been involved in humanitarian projects such as setting up schools and well-digging initiatives in Chad, Africa. The approval of Somang Society as a non-profit organization by the Chad government further solidifies its commitment to making a positive impact in the community.




This information is meant to be a general summary of Somang Society. 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
$848,484 (2022)
Expenses
$793,922 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $47,215
  • Gross Receipts: $848,484

Assets and Liabilities:

  • Total Assets: $478,700
  • Total Liabilities: $9,107
  • Net Assets: $469,593

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

SEMINAR

Revenue

$47,215

Organization Details

Founding Year

2007

Principal Officer

Boon J Lee

Main Address

5836 CORPORATE AVE STE 110, CYPRESS, CA, 90630

NTEE Category

Code: B990 - Education

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