Overview
What is Torch Foundation?
The Torch Foundation, located in Los Angeles, California, is a nonprofit organization that offers transformational leadership workshops for teenagers aged 13-17. Their mission is to empower underprivileged teens by equipping them with social-emotional intelligence and leadership tools, fostering self-awareness, resilience, coping, and resolution skills. These workshops, held over two days, provide a safe, engaging, and inspirational environment for the teens to discover their maximum potential, identify and overcome limiting beliefs, and learn effective strategies for personal growth. With a small team of four employees, the Torch Foundation aims to create a positive impact on the lives of these young individuals, helping them develop healthy relationships and achieve success in their future.
Is Torch Foundation legitimate?
Torch Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Torch 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: $151,000
Professional Fundraising Fees: $13,508
Other Salaries and Wages: $161,924
For more financial information, click here
What is the mission statement of Torch Foundation?
The Torch Foundation's mission is centered around providing transformational training to underprivileged teenagers. The primary aim is to equip these teenagers with social-emotional intelligence and leadership tools. This training is designed to foster self-awareness, resilience, and effective coping and resolution skills. The goal is to help these teenagers develop healthy relationships and achieve success in their lives. The Torch Foundation offers two-day leadership workshops tailored to the unique interests and needs of the teenagers. These workshops provide a safe, engaging, and inspiring environment for self-discovery and growth. Through carefully guided exercises and activities, the teenagers learn to identify their potential, overcome limiting beliefs, and develop effective strategies to achieve their goals, thereby transforming their lives and creating unlimited possibilities for themselves, their families, and the world.
Who is the CEO of Torch Foundation?
Michael Chaing is the Principal Officer of Torch Foundation. The CEO's salary of Torch Foundation is $151,000 and their total compensation is $151,000.
What is the revenue of Torch Foundation?
Torch Foundation's revenue in 2022 was $257,013.
Who are the executives of Torch Foundation and what are their salaries?
The average compensation at Torch Foundation during 2022 was $78,231. There are 4 employees and 20 volunteers at Torch Foundation.
Here are 7 key members and their salaries (Torch Foundation's CEO's salary is $151,000 and their total compensation is $151,000):
- Compensation: $151,000
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- Other: $0
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- Other: $0
Where can I find the form 990 for Torch Foundation?
Torch Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Torch Foundation
The Torch Foundation, with its transformational mission, aims to equip underprivileged teens with social-emotional intelligence and leadership tools. This nonprofit organization strives to foster self-awareness, resilience, coping, and resolution skills within its participants, enabling them to build healthy relationships and achieve success in their lives. Through its Torch Teen Training Program, the Foundation conducts two-day workshops tailored to the unique interests and needs of teens, aged 13 to 17. These workshops provide a safe, engaging, and inspiring environment for profound self-discovery and growth. By engaging in carefully guided exercises and activities, teens can identify their maximum potential, recognize limiting beliefs and obstacles, and learn effective strategies to overcome these challenges. The tools and skills gained from this experience empower teens to transform their lives, creating infinite possibilities for themselves, their families, and the world at large.
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Impact
October, 2024
The Torch Foundation significantly impacts the lives of underprivileged teens through its transformational training programs. The Torch Teen Training Program offers tailored workshops for ages 13-17, focusing on leadership and personal growth. These two-day sessions create a safe and engaging environment, allowing teens to embark on a profound journey of self-discovery.
Participants engage in guided exercises designed to help them uncover their maximum potential, identify limiting beliefs and other obstacles, and learn effective strategies to overcome these challenges. By providing vital tools and skills, the program empowers teens to transform their lives, opening doors to unlimited possibilities for themselves and their families.
The foundation fosters social-emotional intelligence, resilience, and coping skills, essential for developing healthy relationships and achieving success in life. The impact of the Torch Foundation echoes beyond the individual, contributing to stronger communities and a brighter future for all.
This information is meant to be a general summary of Torch 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 2022.
- Investment Income: $828
- Gross Receipts: $257,013
Assets and Liabilities:
- Total Assets: $4,949,901
- Total Liabilities: $0
- Net Assets: $4,949,901
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Organization Details
Founding Year
2002
Phone
(424) 258-0188Principal Officer
Michael Chaing
Main Address
3435 WILSHIRE BLVD 14TH FLOOR, LOS ANGELES, CA, 90010
NTEE Category
Code: T30 - Philanthropy
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