Overview
What is Lee & Cha Jaedan Corp?
Lee & Cha Jaedan Corp is a nonprofit organization committed to contributing to its local community. Their primary objective involves offering charitable scholarships and making donations within the region. This entity is dedicated to supporting the educational pursuits of local individuals and contributing to various community projects through financial aid.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
Lee & Cha Jaedan Corp has received a low rating of 53%, indicating significant concerns regarding its accountability and financial practices. The organization does not have any independent board members, which raises questions about governance and oversight. Additionally, several critical policies such as conflict of interest and whistleblower policies are missing, which could further compromise its operational integrity.
Despite these governance shortcomings, the organization shows a strong commitment to its mission reflected in its program expense ratio of 89.59%, suggesting that a significant portion of its financial resources is directed towards programmatic activities. Furthermore, there are no material diversions of assets reported, and the organization's liabilities to assets ratio is at 0.00%, indicating financial stability.
However, the lack of transparency is notable, as the organization's website is not listed on its tax form, and it fails to post its tax documents online. These factors combined contribute to a concerning overall picture of accountability and transparency, which potential donors should carefully consider.
This AI summary has been generated from information found on Charity Navigator.
Is Lee & Cha Jaedan Corp legitimate?
Lee & Cha Jaedan Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lee & Cha Jaedan Corp 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 Lee & Cha Jaedan Corp?
Lee & Cha Jaedan Corp is committed to extending charitable scholarships and donations to the local community. Their mission is to contribute financially to the educational pursuits of individuals within their local area and provide monetary aid to various community initiatives. The corporation aims to make a positive impact on the lives of their community members by offering financial assistance. Their activities primarily focus on providing scholarships and making donations to local organizations or individuals in need.
Who is the CEO of Lee & Cha Jaedan Corp?
Jin Weon Lee is the Director of Lee & Cha Jaedan Corp.
What is the revenue of Lee & Cha Jaedan Corp?
Lee & Cha Jaedan Corp's revenue in 2022 was $3,663.
Who are the executives of Lee & Cha Jaedan Corp and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lee & Cha Jaedan Corp?
Lee & Cha Jaedan Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lee & Cha Jaedan Corp
Lee & Cha Jaedan Corp, a nonprofit organization, is dedicated to making a positive impact in its local community. Their primary mission is to extend charitable scholarships and donations to individuals within their vicinity. By providing financial aid and donations, this organization aims to support the educational and overall well-being of the community members. The corporation's activities are centered around offering scholarships, which serve as a means to assist deserving individuals in pursuing their academic goals and improving their futures. This commitment to charitable giving demonstrates Lee & Cha Jaedan Corp's dedication to uplifting and empowering the community it serves.
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Impact
August, 2024
Lee & Cha Jaedan Corp's impact can be seen in their dedicated efforts to provide charitable scholarships and donations to the local community in Duluth, GA. Through their mission to support education through scholarships, they are making a tangible difference in the lives of individuals seeking to further their education. By offering financial support to those in need, Lee & Cha Jaedan Corp is helping to empower individuals and contribute positively to the community's educational development. Their commitment to philanthropy is not only commendable but also essential in creating a more inclusive and educated society.
This information is meant to be a general summary of Lee & Cha Jaedan Corp. 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: $3,663
- Gross Receipts: $3,663
Assets and Liabilities:
- Total Assets: $601,600
- Total Liabilities: $0
- Net Assets: $601,600
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Organization Details
Founding Year
2018
Phone
(334) 322-0139Principal Officer
Jin Weon Lee
Main Address
1796 SATELLITE BLVD 907, DULUTH, GA, 30097
NTEE Category
Code: B82 - Education
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