Civic Intelligence

The Michael Yang Foundation

990 • Fiscal year 2014 • EIN 51-0424438

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 01, 2015

Organization ProfileWWW.MICHAELYANGFOUND.ORG
102 Wyndham WaySalisbury, NC 28147

(704) 630-0319

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

54th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • NTEE O50 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

52nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • NTEE O50 • <$500k nonprofits • Source year 2014

Net Margin

87th percentile

38%

Higher net margin than 87% of similar nonprofits.

2014 filings • NTEE O50 • <$500k nonprofits • Source year 2014

Top Officer Pay

71st percentile

$0

Higher top officer pay than 71% of similar nonprofits.

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

2014 filings • NTEE O50 • <$500k nonprofits • Source year 2014

Asset Growth

53rd percentile

4.4%

Faster asset growth than 53% of similar nonprofits.

2014 filings • NTEE O50 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

75th percentile

36%

Faster revenue growth than 75% of similar nonprofits.

2014 filings • NTEE O50 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$190,696

Up $8,053 (+4.4%) from 2013

Net Assets

Up

$190,696

Up $8,061 (+4.4%) from 2013

Liabilities

Down

$0

Down $8 (-100%) from 2013

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin87th percentile

Revenue

Up

$32,202

Up $8,564 (+36%) from 2013

Expenses

Down

$19,943

Down $3,819 (-16%) from 2013

Net Income

Up

$12,259

Up $12,383 (+9986%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2014

Assets$190,696
Liabilities$0
Net Assets$190,696
Open 2014 Filing

Operations Trend

Revenue Growth75th percentile

Revenue, expenses, and net income across loaded years, with this 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

2014

Revenue$32,202
Expenses$19,943
Net Income$12,259
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 1, 2015
Return Version
2014v5.0
Gross Receipts
$32,202
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$182,635$190,696▲ $8,061
Investments in Publicly Traded Securities$148,229$151,752▲ $3,523
Cash and Non-Interest-Bearing Accounts$34,414$38,944▲ $4,530
Total Assets$182,643$190,696▲ $8,053
Liabilities
Accounts Payable and Accrued Expenses$8--
Total Liabilities$8$0▼ $8
Net Assets / Fund Balance
Total Net Assets Fund Balance$182,635$190,696▲ $8,061
Total Liabilities and Net Assets / Fund Balance$182,643$190,696▲ $8,053
Compensation and Service Providers
Top Officer Pay71st percentile

Board Members and Trustees

NameTitle
Lori YangPresident
Billy WebbDirector
Brian MillerDirector
Joseph CataldoDirector
Kathi RussoDirector
Kathy RusherDirector
Steve YangDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$20,530
Program Service Revenue
$2,236
Investment Income
$9,436
Other Revenue
$0
All Other Contributions
$20,530
Change in Net Assets
$12,259
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$19,743
Grants and Similar Amounts Paid$200
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$4,400--$4,400
Advertising$3,345--$3,345
Fees for Service Investment Mgmnt Fees-$1,715-$1,715
Fees for Services Accounting-$550-$550
Insurance$535--$535
Other Expenses$200--$200
Grants to Domestic Orgs$200--$200
All Other Expenses$121--$121
Total Functional Expenses$17,678$2,265$0$19,943
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“All document available upon request to the michael yang foundation”

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
2015-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lori Yang
Formed
2002
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
DAVIS GROUP PA CPA'S
Address
640 STATESVILLE BLVD SUITE 1, SALISBURY, NC 28144
Preparer
Gary L Davis
Phone
7046373081
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.”

Form 990, Page 1, Part I, Line 6

“Volunteers are used extensively for the annual fundraising concert voices of hope.”

Form 990, Part IX, Line 11G

“COUSELOR FEES 4,400 0 0”

Form 990, Part XI, Line 9

“Unrealized appreciation - investments 0 unrealized appreciation loss- investments 4,198”

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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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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt019385
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt019056
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt023789
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0100730
IRS990ScheduleA/TotalSupportAmt0124104
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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/ExplanationTxt1VOLUNTEERS ARE USED EXTENSIVELY FOR THE ANNUAL FUNDRAISING CONCERT VOICES OF HOPE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENT AVAILABLE UPON REQUEST TO THE MICHAEL YANG FOUNDATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COUSELOR FEES 4,400 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UNREALIZED APPRECIATION - INVESTMENTS 0 UNREALIZED APPRECIATION LOSS- INVESTMENTS 4,198
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0182643
IRS990/TotalAssetsEOYAmt0190696
IRS990/TotalAssetsGrp/BOYAmt0182643
IRS990/TotalAssetsGrp/EOYAmt0190696
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt020530
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02265
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt017678
IRS990/TotalFunctionalExpensesGrp/TotalAmt019943
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt08
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0182635
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0190696
IRS990/TotalProgramServiceExpensesAmt017678
IRS990/TotalProgramServiceRevenueAmt02236
IRS990/TotalRevenueGrp/ExclusionAmt04322
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07350
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt032202
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0182643
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0190696
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0102 WYNDHAM WAY
IRS990/USAddress/CityNm0SALISBURY
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028147
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.MICHAELYANGFOUND.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LORI YANG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07046300319
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE MICHAEL YANG FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MICH
ReturnHeader/Filer/EIN0510424438
ReturnHeader/Filer/PhoneNum07046300319
ReturnHeader/Filer/USAddress/AddressLine1Txt0102 WYNDHAM WAY
ReturnHeader/Filer/USAddress/CityNm0SALISBURY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028147
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200210772
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAVIS GROUP PA CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0640 STATESVILLE BLVD SUITE 1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SALISBURY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028144
ReturnHeader/PreparerPersonGrp/PhoneNum07046373081
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GARY L DAVIS
ReturnHeader/ReturnTs02015-11-15T16:30:34-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$190,696
Liabilities
$0
Net assets
$190,696
Revenue
$32,202
Expenses
$19,943
Net income
$12,259
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