Overview
What is Cac Benevolent Association?
The Cac Benevolent Association is a charitable and educational nonprofit organization, based in Issaquah, Washington. Established under Section 501(C)(3), the association engages in various activities, including research and development of human longevity and development. It seeks to foster friendship among individuals from diverse backgrounds, including Chinese, American, Canadian, and others. Moreover, the organization promotes educational programs to discover, develop, and reward outstanding talents worldwide. The Cac Benevolent Association's mission is multifaceted, embracing these three key aspects to contribute to societal growth and development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63%, Two-Star out of Four Star rating. The Cac Benevolent Association has received a Two-Star rating, indicating a moderate level of accountability and financial health. With a score of 63%, the organization shows strengths in certain areas, particularly in its board's independence and its management of assets, but there are significant weaknesses that impact its overall rating.
The organization has achieved full marks for having a majority of independent board members and for effectively managing its assets, reflecting a commitment to good governance in those aspects. However, it falls short in several critical areas, including the lack of an independent board size, absence of a conflict of interest policy, and missing whistleblower and document retention policies. These gaps suggest potential vulnerabilities in transparency and accountability.
Moreover, the charity does not provide essential documentation, such as its tax forms on its website, which can hinder donor trust and confidence. While its program expense ratio indicates that the organization allocates a significant portion of its expenditures to programs, the overall lack of transparency and governance policies may limit its effectiveness and appeal to potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Cac Benevolent Association legitimate?
Cac Benevolent Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cac Benevolent Association 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 Cac Benevolent Association?
The Cac Benevolent Association is dedicated to conducting research and development in the field of human longevity and development. Their mission also includes fostering friendships among individuals from various cultural backgrounds, including Chinese, American, Canadian, and others. Furthermore, they promote educational programs aimed at discovering, developing, and rewarding outstanding talents globally. This association is organized for charitable and educational purposes and engages in activities permitted under Section 501(C) of the federal tax code.
Who is the CEO of Cac Benevolent Association?
Huiwu Lai is the Governor of Cac Benevolent Association.
What is the revenue of Cac Benevolent Association?
Cac Benevolent Association's revenue in 2022 was $101,950.
Who are the executives of Cac Benevolent Association and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Cac Benevolent Association?
Cac Benevolent Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cac Benevolent Association
The Cac Benevolent Association, a charitable and educational organization, is dedicated to several key objectives. Primarily, it focuses on advancing human longevity and development. In addition, this non-profit organization aims to foster camaraderie among individuals from various cultural backgrounds, including Chinese, American, Canadian, and others. Lastly, the Cac Benevolent Association promotes educational programs that aim to identify, cultivate, and honor outstanding talents worldwide. These initiatives are designed to enrich and uplift communities on a global scale.
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Impact
October, 2024
Cac Benevolent Association significantly impacts various communities through its commitment to research, friendship, and education. By focusing on the development of human longevity, it contributes to advancements that can enhance quality of life and health outcomes. Additionally, the promotion of friendship among diverse cultures—particularly among Chinese, American, and Canadian communities—fosters understanding and collaboration, bridging cultural gaps and enriching societal interactions.
The organization also prioritizes educational programs designed to identify and nurture outstanding talents globally. By investing in these educational initiatives, it empowers individuals to reach their full potential, thereby contributing to skill development and innovation. This holistic approach not only aids in individual growth but also benefits society at large, as educated individuals can drive progress in their respective fields. Overall, Cac Benevolent Association plays a crucial role in fostering community, promoting health, and enhancing educational opportunities across different cultures.
This information is meant to be a general summary of Cac Benevolent Association. 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.
- Gross Receipts: $101,950
Assets and Liabilities:
- Total Assets: $85,297
- Total Liabilities: $0
- Net Assets: $85,297
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Organization Details
Founding Year
2018
Phone
(206) 886-8195Principal Officer
Huiwu Lai
Main Address
3365 NE HARRRISON ST, ISSAQUAH, WA, 98029
NTEE Category
Code: T50 - Philanthropy
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