Liabilities / Assets
63rd percentile
Higher debt load relative to assets than 63% of similar nonprofits.
EIN 51-0424438 • 501(c)3 • Salisbury, NC
Profile
The michael yang foundation was formed in response to areas of need recognized by the founders of the organization who experienced a loss of a child at a very early age. The foundation was formed to help in three specific areas: 1 - grief support program for bereaved parents in salisbury, nc and surrouding area for parents who have lost a child. The foundation pays the costs of the couselors for this program. 2 - kindermusik is a music education program for children ranging in age from birth to seven years of age. The foundation will sponsor a child each semester to help a child experience the benefits of music enrichment during the early years of life. 3 - the michael yang foundation will sponsor a high school student each summer to participate in a christian organization for disinterested teenager - young life. Other opportunities to help the youth of the community are always being explored.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
63rd percentile
Higher debt load relative to assets than 63% of similar nonprofits.
Liabilities / Revenue
77th percentile
Higher debt load relative to revenue than 77% of similar nonprofits.
Net Margin
7th percentile
Higher net margin than 7% of similar nonprofits.
Top Officer Pay
83rd percentile
Higher top officer pay than 83% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
56th percentile
Faster asset growth than 56% of similar nonprofits.
Revenue Growth
76th percentile
Faster revenue growth than 76% of similar nonprofits.
Assets
Up$306,502
Up $25,384 (+9.0%) from 2023
Liabilities
Up$236
Up $236 from 2023
Net Assets
$306,266
No earlier filing loaded for comparison.
Revenue
Up$8,129
Up $2,430 (+43%) from 2023
Expenses
Up$13,715
Up $2,998 (+28%) from 2023
Net Income
Down-$5,586
Down $568 (-11%) from 2023
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
The michael yang foundation was formed in response to areas of need recognized by the founders of the organization who experienced a loss of a child at a very early age. The foundation was formed to help in three specific areas: 1 - grief support program for bereaved parents in salisbury, nc and surrouding area for parents who have lost a child. The foundation pays the costs of the couselors for this program. 2 - kindermusik is a music education program for children ranging in age from birth to seven years of age. The foundation will sponsor a child each semester to help a child experience the benefits of music enrichment during the early years of life. 3 - the michael yang foundation will sponsor a high school student each summer to participate in a christian organization for disinterested teenager - young life. Other opportunities to help the youth of the community are always being explored.
| Description | Grants | Expenses |
|---|---|---|
| GRIEF SUPPORT GROUP FOR PARENTS WHO HAVE LOST A YOUNG CHILD | - | $8,366 |
| SUPPORT PROGRAM FOR DISINTERESTED TEENAGERS - YOUNG LIFE | $2,000 | $2,000 |
| MUSIC EDUCATION SCHOLARSHIP FOR YOUNG CHILDREN - KINDERMUSIK | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JOSEPH CATALDO | Director | - | $0 | - | - |
| BRIAN MILLER | Director | - | $0 | - | - |
| KATHY RUSHER | Director | - | $0 | - | - |
| KATHI RUSSO | Director | - | $0 | - | - |
| BILLY WEBB | Director | - | $0 | - | - |
| LORI YANG | President | - | $0 | - | - |
| STEVE YANG | Director | - | $0 | - | - |
“Expenses meeting supplies 16 office supplies 564 postage 146 rent 3,600 supplies 58 voices of hope expenses 1,037 laundry love 1,827 total 7,248”
“Unrealized appreciation - investments 30,734 unrealized appreciation loss- investments 0”
“Credit card balance 0 236”
“The michael yang foundation was formed in response to areas of need recognized by the founders of the organization who experienced a loss of a child at a very early age. The foundation was formed to help in three specific areas: 1 - grief support program for bereaved parents in salisbury, nc and surrouding area for parents who have lost a child. The foundation pays the costs of the couselors for this program. 2 - kindermusik is a music education program for children ranging in age from birth to seven years of age. The foundation will sponsor a child each semester to help a child experience the benefits of music enrichment during the early years of life. 3 - the michael yang foundation will sponsor a high school student each summer to participate in a christian organization for disinterested teenager - young life. Other opportunities to help the youth of the community are always being explored.”
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 | LORI YANG |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7046300319 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 102 WYNDHAM WAY |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | SALISBURY |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 28147 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 281118 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 306502 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 8129 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -5586 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 4467 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 281118 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 306502 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 2000 |
| IRS990EZ/GrossReceiptsAmt | 0 | 8129 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 281118 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 306266 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 281118 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 306266 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | JOSEPH CATALDO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | BRIAN MILLER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | KATHY RUSHER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | KATHI RUSSO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | BILLY WEBB |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | LORI YANG |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | STEVE YANG |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 30734 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 7248 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE MICHAEL YANG FOUNDATION WAS FORMED IN RESPONSE TO AREAS OF NEED RECOGNIZED BY THE FOUNDERS OF THE ORGANIZATION WHO EXPERIENCED A LOSS OF A CHILD AT A VERY EARLY AGE. THE FOUNDATION WAS FORMED TO HELP IN THREE SPECIFIC AREAS: 1 - GRIEF SUPPORT PROGRAM FOR BEREAVED PARENTS IN SALISBURY, NC AND SURROUDING AREA FOR PARENTS WHO HAVE LOST A CHILD. THE FOUNDATION PAYS THE COSTS OF THE COUSELORS FOR THIS PROGRAM. 2 - KINDERMUSIK IS A MUSIC EDUCATION PROGRAM FOR CHILDREN RANGING IN AGE FROM BIRTH TO SEVEN YEARS OF AGE. THE FOUNDATION WILL SPONSOR A CHILD EACH SEMESTER TO HELP A CHILD EXPERIENCE THE BENEFITS OF MUSIC ENRICHMENT DURING THE EARLY YEARS OF LIFE. 3 - THE MICHAEL YANG FOUNDATION WILL SPONSOR A HIGH SCHOOL STUDENT EACH SUMMER TO PARTICIPATE IN A CHRISTIAN ORGANIZATION FOR DISINTERESTED TEENAGER - YOUNG LIFE. OTHER OPPORTUNITIES TO HELP THE YOUTH OF THE COMMUNITY ARE ALWAYS BEING EXPLORED. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | GRIEF SUPPORT GROUP FOR PARENTS WHO HAVE LOST A YOUNG CHILD |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | MUSIC EDUCATION SCHOLARSHIP FOR YOUNG CHILDREN - KINDERMUSIK |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 2 | SUPPORT PROGRAM FOR DISINTERESTED TEENAGERS - YOUNG LIFE |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 2000 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 8366 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 2000 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | NC |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 236 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 13715 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 10366 |
| IRS990EZ/TotalRevenueAmt | 0 | 8129 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.MICHAELYANGFOUND.ORG |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | OTHER INCOME 0 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | PART II, LINE 10 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 8129 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 5699 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 17879 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 26761 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 2400 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 60868 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 60868 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 8129 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 5699 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 17879 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 26761 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 2400 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 60868 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 60868 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES MEETING SUPPLIES 16 OFFICE SUPPLIES 564 POSTAGE 146 RENT 3,600 SUPPLIES 58 VOICES OF HOPE EXPENSES 1,037 LAUNDRY LOVE 1,827 TOTAL 7,248 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | UNREALIZED APPRECIATION - INVESTMENTS 30,734 UNREALIZED APPRECIATION LOSS- INVESTMENTS 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | CREDIT CARD BALANCE 0 236 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE MICHAEL YANG FOUNDATION WAS FORMED IN RESPONSE TO AREAS OF NEED RECOGNIZED BY THE FOUNDERS OF THE ORGANIZATION WHO EXPERIENCED A LOSS OF A CHILD AT A VERY EARLY AGE. THE FOUNDATION WAS FORMED TO HELP IN THREE SPECIFIC AREAS: 1 - GRIEF SUPPORT PROGRAM FOR BEREAVED PARENTS IN SALISBURY, NC AND SURROUDING AREA FOR PARENTS WHO HAVE LOST A CHILD. THE FOUNDATION PAYS THE COSTS OF THE COUSELORS FOR THIS PROGRAM. 2 - KINDERMUSIK IS A MUSIC EDUCATION PROGRAM FOR CHILDREN RANGING IN AGE FROM BIRTH TO SEVEN YEARS OF AGE. THE FOUNDATION WILL SPONSOR A CHILD EACH SEMESTER TO HELP A CHILD EXPERIENCE THE BENEFITS OF MUSIC ENRICHMENT DURING THE EARLY YEARS OF LIFE. 3 - THE MICHAEL YANG FOUNDATION WILL SPONSOR A HIGH SCHOOL STUDENT EACH SUMMER TO PARTICIPATE IN A CHRISTIAN ORGANIZATION FOR DISINTERESTED TEENAGER - YOUNG LIFE. OTHER OPPORTUNITIES TO HELP THE YOUTH OF THE COMMUNITY ARE ALWAYS BEING EXPLORED. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | LORI YANG |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7046300319 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-09-17 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | THE MICHAEL YANG FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MICH |
| ReturnHeader/Filer/EIN | 0 | 510424438 |
| ReturnHeader/Filer/PhoneNum | 0 | 7046300319 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 102 WYNDHAM WAY |
| ReturnHeader/Filer/USAddress/CityNm | 0 | SALISBURY |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 28147 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 200210772 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | DAVIS GROUP PA CPAS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 650 STATESVILLE BLVD STE 3 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | SALISBURY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 28144 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7046361040 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-09-18 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | GARY L DAVIS |
| ReturnHeader/ReturnTs | 0 | 2025-10-10T11:16:37-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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