Overview
What is Friends Of Taiwan Foundation?
The Friends of Taiwan Foundation is a nonprofit organization established with the mission of fostering amicable relations between the people of the United States and Taiwan. During the COVID-19 pandemic, the foundation demonstrated its commitment by donating millions of medical face masks imported from Taipei City, Taiwan. These masks were distributed to communities in need across various locations, such as Illinois, California, and Maryland. Recipients included organizations like Stepping Stones Shelter, Baltimore Police Department, YWCA Center, and the Muslim Community in Maryland, each receiving 10,000 masks, as well as Youth for Tomorrow Center in Virginia. The foundation operates with a secular and apolitical approach, focusing on establishing friendly relations between the two nations.
Official website here: www.friendsoftaiwan.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (67%)
Friends Of Taiwan Foundation has received a two-star rating from Charity Navigator, indicating areas that require significant improvement. The overall score of 67% reflects a strong program expense ratio of 98.36%, suggesting that the majority of funds are directed towards programs rather than administrative costs. Additionally, the organization has a fully independent board, which is a positive aspect of its governance.
However, the foundation faces serious challenges in its accountability and financial transparency. It has not provided financial statements, which resulted in a score of zero for that metric. Moreover, the absence of crucial policies, such as conflict of interest and whistleblower policies, along with missing documentation like board meeting minutes, raises concerns about its operational practices and adherence to standard nonprofit governance.
While the foundation demonstrates a commitment to its mission through its spending on programs, the need for improvement in accountability and transparency is evident. Stakeholders should consider these factors when assessing the organization's effectiveness and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Taiwan Foundation legitimate?
Friends Of Taiwan Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Taiwan 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
Official website here: www.friendsoftaiwan.org
What is the mission statement of Friends Of Taiwan Foundation?
The Friends of Taiwan Foundation is a non-profit organization with a secular and apolitical mission. Its primary objective is to foster a harmonious relationship between the people of the United States and Taiwan. During the COVID-19 pandemic, the foundation demonstrated its commitment by donating millions of medical face masks, imported from Taipei City, Taiwan, to communities in need in various states, such as Illinois, California, and Maryland. Recipients of these masks included organizations like Stepping Stones Shelter, the Baltimore Police Department, the YWCA Center, and the Muslim community in Maryland, each receiving 10,000 masks, as well as the Youth for Tomorrow Center in Virginia.
Official website here: www.friendsoftaiwan.org
Who is the CEO of Friends Of Taiwan Foundation?
Junior Hsu is the President of Friends Of Taiwan Foundation.
Official website here: www.friendsoftaiwan.org
What is the revenue of Friends Of Taiwan Foundation?
Friends Of Taiwan Foundation's revenue in 2020 was $1,087,180.
Official website here: www.friendsoftaiwan.org
Who are the executives of Friends Of Taiwan Foundation and what are their salaries?
There 3 volunteers at Friends Of Taiwan Foundation.
Here are 7 key members and their salaries:
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Official website here: www.friendsoftaiwan.org
Where can I find the form 990 for Friends Of Taiwan Foundation?
Friends Of Taiwan Foundation's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.friendsoftaiwan.org
Learn more at the official website: www.friendsoftaiwan.org
Mission Statement of Friends Of Taiwan Foundation
The Friends of Taiwan Foundation is a distinguished, non-political, and non-profit organization that strives to foster a harmonious relationship between the people of the United States and Taiwan. Its primary mission is to promote camaraderie and understanding between the two nations, operating under a secular umbrella.
In light of the ongoing COVID-19 pandemic, the Friends of Taiwan Foundation demonstrated its commitment to its mission by donating millions of medical face masks imported from Taipei City, Taiwan. These masks were distributed to communities in need across various states, such as Illinois, California, and Maryland. Organizations like Stepping Stones Shelter, Baltimore Police Department, YWCA Center, and the Muslim Community in Maryland each received 10,000 masks, while Youth for Tomorrow Center in Virginia was also granted a similar amount. These generous donations underscored the Friends of Taiwan Foundation's dedication to supporting its communities and bridging the gap between the United States and Taiwan.
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Impact
July, 2024
Friends Of Taiwan Foundation's impact is seen through their charitable efforts during the COVID-19 pandemic. They have donated millions of medical face masks imported from Taipei City, Taiwan to communities in need across the United States. Organizations such as Stepping Stones Shelter, Baltimore Police Department, YWCA Center, and the Muslim community in Maryland have received 10,000 masks each. Additionally, Youth For Tomorrow Center in Virginia received 10,000 masks as well. This demonstrates the Foundation's commitment to promoting a friendly relationship between the people of the United States and Taiwan through tangible acts of support and kindness.
This information is meant to be a general summary of Friends Of Taiwan 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: $439
- Gross Receipts: $1,087,180
Assets and Liabilities:
- Total Assets: $112,293
- Total Liabilities: $0
- Net Assets: $112,293
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Organization Details
Founding Year
2017
Phone
(847) 962-6277Principal Officer
Junior Hsu
Main Address
1320 HARRIS ROAD, LIBERTYVILLE, IL, 60048
Website
www.friendsoftaiwan.orgNTEE Category
Code: B82 - Education
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