Overview
What is Sook Myung International Foundation?
Sook Myung International Foundation is a nonprofit organization situated in Los Angeles, California. Their primary focus is on fundraising activities to establish scholarships for college students and establish a general charitable fund. Furthermore, they develop and implement pro bono referral programs to assist individuals and organizations in need of charitable or referral services. To facilitate information exchange and foster collaboration, they publish a members' directory and the "Sook Myung International Foundation News." This publication allows members to share ideas and experiences, ultimately promoting pro bono referral services for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
The Sook Myung International Foundation has achieved a rating of 73%, which classifies it as a Two-Star charity. This rating is primarily based on its Accountability & Finance score, reflecting the organization’s commitment to financial integrity and transparency. The foundation is recognized for maintaining a fully independent board, with all ten members not having any conflicts of interest, which is a significant strength in terms of governance.
In terms of financial health, the foundation has demonstrated a strong Program Expense Ratio of 81.36%, indicating that a substantial portion of its funds is directed towards its programs rather than administrative costs. Furthermore, it has a perfect score in areas such as the absence of asset diversion and a favorable liabilities to assets ratio of 0.00%, showcasing effective financial management and stability.
However, the overall score of 73% also suggests that there is room for improvement. While the foundation excels in accountability and transparency, potential donors might look for additional metrics on impact or outcomes, which could enhance its appeal and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Sook Myung International Foundation legitimate?
Sook Myung International Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sook Myung International 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
What is the mission statement of Sook Myung International Foundation?
The Sook Myung International Foundation's mission involves engaging in fundraising activities to establish a college scholarship fund and a general charitable fund. Additionally, they aim to develop and implement pro bono referral programs for individuals or organizations in need. The foundation publishes a members' directory and the "Sook Myung International Foundation News" to exchange ideas and experiences, as well as to promote the use of pro bono referral services for those in need.
Who is the CEO of Sook Myung International Foundation?
Hyun Soon Chung is the President of Sook Myung International Foundation.
What is the revenue of Sook Myung International Foundation?
Sook Myung International Foundation's revenue in 2023 was $33,841.
Who are the executives of Sook Myung International Foundation 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 Sook Myung International Foundation?
Sook Myung International Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Sook Myung International Foundation
The Sook Myung International Foundation is committed to engaging in fundraising activities with the primary objectives of establishing a college scholarship fund and a general charitable fund. Additionally, the organization aims to develop and implement pro bono referral programs for individuals and organizations in need of charitable or referral services. To facilitate this mission, the foundation publishes a members' directory and a newsletter titled "Sook Myung International Foundation News." These platforms serve to exchange ideas and experiences among members, promote pro bono referral services, and foster a sense of community among those in need.
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Impact
August, 2024
Sook Myung International Foundation's impact lies in its efforts to establish college scholarships and general charitable funds, as well as in developing and implementing pro bono referral programs for those in need. Additionally, the foundation publishes a member's directory and "Sook Myung International Foundation News" to exchange ideas, experiences, and promote pro bono referral services. Overall, Sook Myung International Foundation is making a difference by supporting education and providing charitable services to individuals and organizations in need.
This information is meant to be a general summary of Sook Myung International 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.
- Gross Receipts: $33,841
Assets and Liabilities:
- Total Assets: $20,701
- Total Liabilities: $0
- Net Assets: $20,701
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Organization Details
Founding Year
1996
Phone
(213) 380-8389Principal Officer
Hyun Soon Chung
Main Address
3450 WILSHIRE BLVD 302, LOS ANGELES, CA, 90010
NTEE Category
Code: B82Z - Education
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