Overview
What is Hee Shen Foundation?
The Hee Shen Foundation is a nonprofit organization dedicated to serving its community, with a particular focus on senior citizens and disadvantaged students pursuing higher education. The foundation provides financial aid through its scholarship program and donations, allocating around $11,200 annually to this cause. Additionally, the foundation supports senior citizens with services and resources worth $14,600. Annual events such as new year and memorial ceremonies are also organized. The foundation's mission encompasses providing relief to the poor, distressed, or underprivileged, and actively contributing to the well-being of senior citizens in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 34%, Zero-Star out of Four Star rating.
The Hee Shen Foundation has received a low rating of 34%, reflecting significant concerns regarding its accountability and financial practices. This rating is solely based on a single beacon score for Accountability & Finance, highlighting the importance of transparency in nonprofit operations. The absence of independent board members and missing policies such as conflict of interest and whistleblower protections contribute heavily to the poor rating.
Despite having a favorable liabilities to assets ratio and a program expense ratio that indicates some level of program investment, the foundation falls short in essential governance areas. The lack of a website listed on tax forms and the absence of meeting minutes further exacerbate the accountability issues. Nonetheless, the organization has demonstrated a material diversion of assets as none has been reported, which is a positive note amid the concerning findings.
Overall, potential donors and stakeholders may want to exercise caution and seek additional information about the Hee Shen Foundation’s operational practices before making contributions, given the significant deficiencies in governance and transparency noted in the assessment.
This AI summary has been generated from information found on Charity Navigator.
Is Hee Shen Foundation legitimate?
Hee Shen Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hee Shen 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
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What is the mission statement of Hee Shen Foundation?
The Hee Shen Foundation is organized with the primary purpose of providing support and services to senior citizens in the community, as well as offering aid to the poor, distressed, or underprivileged individuals. One of its key initiatives is setting up a scholarship program, offering at least $2,000 annually to deserving and needy students pursuing college education, starting from the year of its incorporation. In addition, the foundation conducts New Year and memorial ceremonies. The foundation's activities are geared towards supporting and uplifting various sections of the community.
Who is the CEO of Hee Shen Foundation?
Jeff Huang is the President of Hee Shen Foundation.
What is the revenue of Hee Shen Foundation?
Hee Shen Foundation's revenue in 2023 was $56,340.
Who are the executives of Hee Shen Foundation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Hee Shen Foundation?
Hee Shen Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Hee Shen Foundation
The Hee Shen Foundation is established with a mission to offer support and services to the senior citizens in the community, as well as provide relief for the poor, distressed, or underprivileged individuals. One of its primary objectives is to establish a scholarship program, awarding at least $2,000 annually, beginning from the year of incorporation, to deserving and needy students pursuing higher education. The foundation also hosts New Year and Memorial ceremonies, contributing financially with $743. In essence, the Hee Shen Foundation aims to uplift the less fortunate segments of society, while investing in the future of young, disadvantaged students through education.
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Impact
August, 2024
Hee Shen Foundation's impact can be seen through its various programs and services that benefit the community. With a focus on supporting senior citizens, providing relief to the poor and underprivileged, and offering scholarships to deserving students, the foundation plays a vital role in addressing important social issues. Through its scholarship program and donations, Hee Shen Foundation has contributed $11,200 towards supporting disadvantaged students pursuing a college education. Additionally, the foundation has allocated $14,600 towards community support and services for senior citizens, demonstrating a commitment to enhancing the quality of life for the elderly population. Furthermore, the foundation organizes new year and memorial ceremonies, fostering cultural practices and community bonding. Overall, Hee Shen Foundation's impact is significant in providing essential support and services to those in need within the San Francisco community.
This information is meant to be a general summary of Hee Shen 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 2023.
- Investment Income: $7
- Gross Receipts: $62,405
Assets and Liabilities:
- Total Assets: $536,393
- Total Liabilities: $124,307
- Net Assets: $412,086
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Organization Details
Founding Year
1984
Phone
(415) 397-6754Principal Officer
Jeff Huang
Main Address
1123 STOCKTON ST 3, SAN FRANCISCO, CA, 94133
NTEE Category
Code: Z99 - Unknown
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