Civic Intelligence

The Michael Yang Foundation

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.

102 Wyndham WaySalisbury, NC 28147

www.michaelyangfound.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

63rd percentile

0.00x

Higher debt load relative to assets than 63% of similar nonprofits.

NTEE O50 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

77th percentile

0.03x

Higher debt load relative to revenue than 77% of similar nonprofits.

NTEE O50 • <$500k nonprofits • Source year 2024

Net Margin

7th percentile

-69%

Higher net margin than 7% of similar nonprofits.

NTEE O50 • <$500k nonprofits • Source year 2024

Top Officer Pay

83rd percentile

$0

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE O50 • <$500k nonprofits • Source year 2024

Asset Growth

56th percentile

9.0%

Faster asset growth than 56% of similar nonprofits.

NTEE O50 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

76th percentile

43%

Faster revenue growth than 76% of similar nonprofits.

NTEE O50 • <$500k nonprofits • Annualized from 2023 to 2024

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

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2010: $156,374Liabilities 2010: $634Net Assets 2010: $155,7402010Assets 2011: $144,500Liabilities 2011: $539Net Assets 2011: $143,9612011Assets 2012: $164,505Liabilities 2012: $236Net Assets 2012: $164,2692012Assets 2013: $182,643Liabilities 2013: $8Net Assets 2013: $182,6352013Assets 2014: $190,696Liabilities 2014: $0Net Assets 2014: $190,6962014Assets 2015: $181,077Liabilities 2015: $02015Assets 2016: $200,709Liabilities 2016: $802016Assets 2017: $215,806Liabilities 2017: $411Net Assets 2017: $215,3952017Assets 2018: $202,348Liabilities 2018: $665Net Assets 2018: $201,6832018Assets 2019: $233,329Liabilities 2019: $733Net Assets 2019: $232,5962019Assets 2020: $244,161Liabilities 2020: $322Net Assets 2020: $243,8392020Assets 2021: $286,060Liabilities 2021: $6322021Assets 2022: $253,490Liabilities 2022: $1,058Net Assets 2022: $252,4322022Assets 2023: $281,118Liabilities 2023: $02023Assets 2024: $306,502Liabilities 2024: $236Net Assets 2024: $306,2662024

Highlighted filing

2024

Assets$306,502
Liabilities$236
Net Assets$306,266

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40K$20K$0-$20KExpenses 2010: $22,1402010Revenue 2011: $25,769Expenses 2011: $26,655Net Income 2011: -$8862011Expenses 2012: $16,1042012Revenue 2013: $23,638Expenses 2013: $23,762Net Income 2013: -$1242013Revenue 2014: $32,202Expenses 2014: $19,943Net Income 2014: $12,2592014Revenue 2015: $19,728Expenses 2015: $20,549Net Income 2015: -$8212015Revenue 2016: $38,631Expenses 2016: $19,079Net Income 2016: $19,5522016Revenue 2017: $32,011Expenses 2017: $17,245Net Income 2017: $14,7662017Revenue 2018: $15,810Expenses 2018: $15,833Net Income 2018: -$232018Revenue 2019: $12,645Expenses 2019: $17,559Net Income 2019: -$4,9142019Revenue 2020: $2,400Expenses 2020: $13,754Net Income 2020: -$11,3542020Revenue 2021: $26,761Expenses 2021: $15,199Net Income 2021: $11,5622021Revenue 2022: $17,879Expenses 2022: $14,264Net Income 2022: $3,6152022Revenue 2023: $5,699Expenses 2023: $10,717Net Income 2023: -$5,0182023Revenue 2024: $8,129Expenses 2024: $13,715Net Income 2024: -$5,5862024

Highlighted filing

2024

Revenue$8,129
Expenses$13,715
Net Income-$5,586

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.07$0.00$3.06$0.08$0.14$0.06
2023Summary only. Only limited summary data is available for this year.$2.81$0.00$0.06$0.11$0.05
2022Detailed filing. Detailed filing data is available for this year.$2.53$0.01$2.52$0.18$0.14$0.04
2021Summary only. Only limited summary data is available for this year.$2.86$0.01$0.27$0.15$0.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.44$0.00$2.44$0.02$0.14$0.11
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.33$0.01$2.33$0.13$0.18$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.02$0.01$2.02$0.16$0.16$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.16$0.00$2.15$0.32$0.17$0.15
2016Summary only. Only limited summary data is available for this year.$2.01$0.00$0.39$0.19$0.20
2015Summary only. Only limited summary data is available for this year.$1.81$0.00$0.20$0.21$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.91$0.00$1.91$0.32$0.20$0.12
2013Detailed filing. Detailed filing data is available for this year.$1.83$0.00$1.83$0.24$0.24$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.65$0.00$1.64$0.16
2011Summary only. Only limited summary data is available for this year.$1.45$0.01$1.44$0.26$0.27$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$0.01$1.56$0.22
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 17, 2025
Return Version
2024v5.0
Gross Receipts
$8,129
Mission and Program Overview

Mission

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.

Program Services

DescriptionGrantsExpenses
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--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOSEPH CATALDODirector-$0--
BRIAN MILLERDirector-$0--
KATHY RUSHERDirector-$0--
KATHI RUSSODirector-$0--
BILLY WEBBDirector-$0--
LORI YANGPresident-$0--
STEVE YANGDirector-$0--
Filing and Contact Details

Filer

Filer Name
The Michael Yang Foundation
EIN
51-0424438
Phone
7046300319
Address
102 WYNDHAM WAY, SALISBURY, NC 28147

Signing Officer

Name
Lori Yang
Title
President
Phone
7046300319
Signed
2025-09-17
Discuss with paid preparer
Yes

Preparer

Firm
Davis Group Pa Cpas
Address
650 STATESVILLE BLVD STE 3, SALISBURY, NC 28144
Preparer
Gary L Davis
Phone
7046361040
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

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

Form 990-ez, Part I, Line 20

Unrealized appreciation - investments 30,734 unrealized appreciation loss- investments 0

Form 990-ez, Part II, Line 26

Credit card balance 0 236

Form 990-ez, Part III

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.

Raw XML Appendix149 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JOSEPH CATALDO
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
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IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
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IRS990EZ/OtherChangesInNetAssetsAmt030734
IRS990EZ/OtherExpensesTotalAmt07248
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
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IRS990EZ/PrimaryExemptPurposeTxt0THE 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.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES 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/ExplanationTxt1UNREALIZED APPRECIATION - INVESTMENTS 30,734 UNREALIZED APPRECIATION LOSS- INVESTMENTS 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CREDIT CARD BALANCE 0 236
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0LORI YANG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07046300319
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-17
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ReturnHeader/Filer/EIN0510424438
ReturnHeader/Filer/PhoneNum07046300319
ReturnHeader/Filer/USAddress/AddressLine1Txt0102 WYNDHAM WAY
ReturnHeader/Filer/USAddress/CityNm0SALISBURY
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SALISBURY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028144
ReturnHeader/PreparerPersonGrp/PhoneNum07046361040
ReturnHeader/PreparerPersonGrp/PreparationDt02025-09-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GARY L DAVIS
ReturnHeader/ReturnTs02025-10-10T11:16:37-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

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