Liabilities / Assets
60th percentile
Tied with the lowest-debt nonprofits in its peer group.
EIN 45-4018245 • 501(c)3 • Tacoma, WA
Profile
The foundation's mission is to seek out underprivileged youths, invest and nurture them so that they can further grow. The salang (the koren word for love) foundation is dedicated to helping youths in underprivileged situations, specifically in asia, by providing financial, educational and strategic business aid to further nurture success and growth.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
60th percentile
Tied with the lowest-debt nonprofits in its peer group.
Liabilities / Revenue
62nd percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
82nd percentile
Higher net margin than 82% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
84th percentile
Faster asset growth than 84% of similar nonprofits.
Revenue Growth
Score unavailable
A valid growth rate could not be computed from the available filing history.
Assets
Up$444,043
Up $133,631 (+43%) from 2023
Liabilities
Flat$0
Flat from 2023
Net Assets
Up$444,043
Up $133,631 (+43%) from 2023
Revenue
Up$77,904
Up $80,520 (+3078%) from 2023
Expenses
Down$53,650
Down $2,172 (-3.9%) from 2023
Net Income
Up$24,254
Up $82,692 (+142%) from 2023
Most recent year
2024 • Form 990PFXML pending. An XML filing is linked for this year, but detailed extraction is still pending.
The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2015 below.
The foundation's mission is to seek out underprivileged youths, invest and nurture them so that they can further grow. The salang (the koren word for love) foundation is dedicated to helping youths in underprivileged situations, specifically in asia, by providing financial, educational and strategic business aid to further nurture success and growth.
| Description | Grants | Expenses |
|---|---|---|
| FUNDING WAS USED TO FIRST HIRE TEACHERS WHO CAN USE THEIR KNOWLEDGE AND SKILLS TO LEAD THE SPECIFIC EDU-T EVENT. THE FOUNDATION CHOSE DIFFERENT PEOPLE WITH DIFFERENT SKILLS BASED ON THE PARTICULAR EDU-T EVENT. OUR EDU-T EVENTS AIM TO HELP TEACH UNDERPRIVILEGED YOUTHS AND ORPHANS TO GAIN CERTAIN SKILLS SUCH AS BARISTA AND COMPUTER TRAINING. EACH YEAR, THE FOUNDATION MAY HAVE A DIFFERENT FOCUS. FOR 2015 THE FOUNDATION'S EDU-T EVENT WAS A BARISTA TRAINING PROGRAM. ONCE THE STUDENTS COMPLETE THE PROGRAM, THEY CAN THEN GET CERTIFIED IN THAT SPECIFIC SKILL AND BECOME EMPLOYED. OTHER AREAS THAT FUNDING WAS USED FOR IS TO PURCHASE MATERIALS NEEDED FOR TRAINING, RENTING OUT SPACES TO HOST THE EDU-T EVENT, AS WELL AS MARKETING EFFORTS TO ADVERTISE FREE EDU-T EVENTS. TO PROVIDE HELP AND SUPPORT CHILDREN IN PERU; TO PROVIDE EDUCATION SUPPORT TO A CHURCH IN CAMBODIA; TO PROVIDE SCHOLARSHIPS TO UNDERPRIVILEGED CHILDREN IN VIETNAM. | $27,500 | $34,632 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| KEVIN SHIN | President | - | $0 | - | - |
| SONG SO | Director | - | $0 | - | - |
| JESSICA SHIN | Treasurer | - | $0 | - | - |
| KENNETH KANG | Secretary | - | $0 | - | - |
“21,500 0 0”
“Expenses office expense 327 it professional 1,000 travel 880 bank fees 180 licenses 88 total 2,475”
“The foundation's mission is to seek out underprivileged youths, invest and nurture them so that they can further grow. The salang (the koren word for love) foundation is dedicated to helping youths in underprivileged situations, specifically in asia, by providing financial, educational and strategic business aid to further nurture success and growth.”
“Funding was used to first hire teachers who can use their knowledge and skills to lead the specific edu-t event. The foundation chose different people with different skills based on the particular edu-t event. Our edu-t events aim to help teach underprivileged youths and orphans to gain certain skills such as barista and computer training. Each year, the foundation may have a different focus. For 2015 the foundation's edu-t event was a barista training program. Once the students complete the program, they can then get certified in that specific skill and become employed. Other areas that funding was used for is to purchase materials needed for training, renting out spaces to host the edu-t event, as well as marketing efforts to advertise free edu-t events. To provide help and support children in peru; to provide education support to a church in cambodia; to provide scholarships to underprivileged children in vietnam.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | KEVIN SHIN |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 2532196900 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 4150 AUGUSTA DRIVE NE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | TACOMA |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | WA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 98422 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 503286 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 468876 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -34410 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 4925 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 503286 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 468876 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 27500 |
| IRS990EZ/GrossReceiptsAmt | 0 | 490 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 490 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 503286 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 468876 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 503286 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 468876 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | KEVIN SHIN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | SONG SO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | JESSICA SHIN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | KENNETH KANG |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | SECRETARY |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 2475 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE FOUNDATION'S MISSION IS TO SEEK OUT UNDERPRIVILEGED YOUTHS, INVEST AND NURTURE THEM SO THAT THEY CAN FURTHER GROW. THE SALANG (THE KOREN WORD FOR LOVE) FOUNDATION IS DEDICATED TO HELPING YOUTHS IN UNDERPRIVILEGED SITUATIONS, SPECIFICALLY IN ASIA, BY PROVIDING FINANCIAL, EDUCATIONAL AND STRATEGIC BUSINESS AID TO FURTHER NURTURE SUCCESS AND GROWTH. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | FUNDING WAS USED TO FIRST HIRE TEACHERS WHO CAN USE THEIR KNOWLEDGE AND SKILLS TO LEAD THE SPECIFIC EDU-T EVENT. THE FOUNDATION CHOSE DIFFERENT PEOPLE WITH DIFFERENT SKILLS BASED ON THE PARTICULAR EDU-T EVENT. OUR EDU-T EVENTS AIM TO HELP TEACH UNDERPRIVILEGED YOUTHS AND ORPHANS TO GAIN CERTAIN SKILLS SUCH AS BARISTA AND COMPUTER TRAINING. EACH YEAR, THE FOUNDATION MAY HAVE A DIFFERENT FOCUS. FOR 2015 THE FOUNDATION'S EDU-T EVENT WAS A BARISTA TRAINING PROGRAM. ONCE THE STUDENTS COMPLETE THE PROGRAM, THEY CAN THEN GET CERTIFIED IN THAT SPECIFIC SKILL AND BECOME EMPLOYED. OTHER AREAS THAT FUNDING WAS USED FOR IS TO PURCHASE MATERIALS NEEDED FOR TRAINING, RENTING OUT SPACES TO HOST THE EDU-T EVENT, AS WELL AS MARKETING EFFORTS TO ADVERTISE FREE EDU-T EVENTS. TO PROVIDE HELP AND SUPPORT CHILDREN IN PERU; TO PROVIDE EDUCATION SUPPORT TO A CHURCH IN CAMBODIA; TO PROVIDE SCHOLARSHIPS TO UNDERPRIVILEGED CHILDREN IN VIETNAM. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ForeignGrantsInd | 0 | X |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 27500 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 34632 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | WA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 34900 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 34632 |
| IRS990EZ/TotalRevenueAmt | 0 | 490 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | HTTP://WWW.SALANGFOUNDATION.ORG/ |
| IRS990ScheduleA/First5Years509Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 40000 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 500000 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 540000 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 490 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 498 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 420 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 1408 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 490 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 498 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt | 0 | 420 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 1408 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 540000 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 40000 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 500000 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 540000 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 490 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 40498 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 420 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 500000 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 541408 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 21,500 0 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EXPENSES OFFICE EXPENSE 327 IT PROFESSIONAL 1,000 TRAVEL 880 BANK FEES 180 LICENSES 88 TOTAL 2,475 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE FOUNDATION'S MISSION IS TO SEEK OUT UNDERPRIVILEGED YOUTHS, INVEST AND NURTURE THEM SO THAT THEY CAN FURTHER GROW. THE SALANG (THE KOREN WORD FOR LOVE) FOUNDATION IS DEDICATED TO HELPING YOUTHS IN UNDERPRIVILEGED SITUATIONS, SPECIFICALLY IN ASIA, BY PROVIDING FINANCIAL, EDUCATIONAL AND STRATEGIC BUSINESS AID TO FURTHER NURTURE SUCCESS AND GROWTH. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | FUNDING WAS USED TO FIRST HIRE TEACHERS WHO CAN USE THEIR KNOWLEDGE AND SKILLS TO LEAD THE SPECIFIC EDU-T EVENT. THE FOUNDATION CHOSE DIFFERENT PEOPLE WITH DIFFERENT SKILLS BASED ON THE PARTICULAR EDU-T EVENT. OUR EDU-T EVENTS AIM TO HELP TEACH UNDERPRIVILEGED YOUTHS AND ORPHANS TO GAIN CERTAIN SKILLS SUCH AS BARISTA AND COMPUTER TRAINING. EACH YEAR, THE FOUNDATION MAY HAVE A DIFFERENT FOCUS. FOR 2015 THE FOUNDATION'S EDU-T EVENT WAS A BARISTA TRAINING PROGRAM. ONCE THE STUDENTS COMPLETE THE PROGRAM, THEY CAN THEN GET CERTIFIED IN THAT SPECIFIC SKILL AND BECOME EMPLOYED. OTHER AREAS THAT FUNDING WAS USED FOR IS TO PURCHASE MATERIALS NEEDED FOR TRAINING, RENTING OUT SPACES TO HOST THE EDU-T EVENT, AS WELL AS MARKETING EFFORTS TO ADVERTISE FREE EDU-T EVENTS. TO PROVIDE HELP AND SUPPORT CHILDREN IN PERU; TO PROVIDE EDUCATION SUPPORT TO A CHURCH IN CAMBODIA; TO PROVIDE SCHOLARSHIPS TO UNDERPRIVILEGED CHILDREN IN VIETNAM. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III, LINE 28 |
| ReturnHeader/BuildTS | 0 | 2017-02-10 21:41:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | KEVIN SHIN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2532196900 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2016-11-10 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | SALANG FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | SALA |
| ReturnHeader/Filer/EIN | 0 | 454018245 |
| ReturnHeader/Filer/PhoneNum | 0 | 2532196900 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 4150 AUGUSTA DRIVE NE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | TACOMA |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | WA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 98422 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 204967233 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | NEWMAN DIERST HALES PLLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 221 1ST AVE W STE 415 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | SEATTLE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | WA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 981194223 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2062841383 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2016-11-10 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | NOLAN A NEWMAN |
| ReturnHeader/ReturnTs | 0 | 2016-11-10T16:50:43-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2015-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2015-12-31 |
| ReturnHeader/TaxYr | 0 | 2015 |
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