Civic Intelligence

The Michael Yang Foundation

990EZ • Fiscal year 2017 • EIN 51-0424438

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 24, 2018

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

55th percentile

0.00x

Higher debt load relative to assets than 55% of similar nonprofits.

2017 filings • NTEE O50 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

64th percentile

0.01x

Higher debt load relative to revenue than 64% of similar nonprofits.

2017 filings • NTEE O50 • <$500k nonprofits • Source year 2017

Net Margin

91st percentile

46%

Higher net margin than 91% of similar nonprofits.

2017 filings • NTEE O50 • <$500k nonprofits • Source year 2017

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

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

2017 filings • NTEE O50 • <$500k nonprofits • Source year 2017

Asset Growth

57th percentile

7.5%

Faster asset growth than 57% of similar nonprofits.

2017 filings • NTEE O50 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

26th percentile

-17%

Faster revenue growth than 26% of similar nonprofits.

2017 filings • NTEE O50 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$215,806

Up $15,097 (+7.5%) from 2016

Net Assets

$215,395

No earlier filing loaded for comparison.

Liabilities

Up

$411

Up $331 (+414%) from 2016

Revenue

Down

$32,011

Down $6,620 (-17%) from 2016

Expenses

Down

$17,245

Down $1,834 (-9.6%) from 2016

Net Income

Down

$14,766

Down $4,786 (-24%) from 2016

Historical Trend

Balance Sheet Trend

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

2017

Assets$215,806
Liabilities$411
Net Assets$215,395

Operations Trend

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

2017

Revenue$32,011
Expenses$17,245
Net Income$14,766
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 24, 2018
Return Version
2017v2.3
Gross Receipts
$32,011
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$550$14,177
MUSIC EDUCATION SCHOLARSHIP FOR YOUNG CHILDREN - KINDERMUSIK--
SUPPORT PROGRAM FOR DISINTERESTED TEENAGERS - YOUNG LIFE--
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
2018-10-24
Discuss with paid preparer
Yes

Preparer

Firm
Davis Group Pa Cpas
Address
640 STATESVILLE BLVD SUITE 1, SALISBURY, NC 28144
Preparer
Gary L Davis
Phone
7046361040
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses voices of hope adv 1,808 circle of hope 412 voices of hope 340 bank charges 30 meeting supplies 91 office supplies 193 other 1,019 postage 125 rent 3,000 supplies 1,257 voices of hope expenses 2,523 website expenses 200 total 10,998

Form 990-ez, Part I, Line 20

Unrealized appreciation - investments 0 unrealized appreciation loss- investments 0

Form 990-ez, Part II, Line 24

Accounts receivable 0 69 total 0 69

Form 990-ez, Part II, Line 26

Credit card balance 80 411

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 Appendix170 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/PersonNm3KATHI RUSSO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4BILLY WEBB
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5LORI YANG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6STEVE YANG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
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IRS990EZ/OtherAssetsTotalDetail/EOYAmt069
IRS990EZ/OtherExpensesTotalAmt010998
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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 9,154
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IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES VOICES OF HOPE ADV 1,808 CIRCLE OF HOPE 412 VOICES OF HOPE 340 BANK CHARGES 30 MEETING SUPPLIES 91 OFFICE SUPPLIES 193 OTHER 1,019 POSTAGE 125 RENT 3,000 SUPPLIES 1,257 VOICES OF HOPE EXPENSES 2,523 WEBSITE EXPENSES 200 TOTAL 10,998
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UNREALIZED APPRECIATION - INVESTMENTS 0 UNREALIZED APPRECIATION LOSS- INVESTMENTS 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS RECEIVABLE 0 69 TOTAL 0 69
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CREDIT CARD BALANCE 80 411
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
ReturnHeader/BuildTS02018-06-14 16:35:46Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0LORI YANG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07046300319
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-24
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
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ReturnHeader/FilingSecurityInformation/IPTm016:46:03
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
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ReturnHeader/PreparerPersonGrp/PhoneNum07046361040
ReturnHeader/PreparerPersonGrp/PreparationDt02018-10-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GARY L DAVIS
ReturnHeader/ReturnTs02018-10-29T17:46:03-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
2017Detailed filing. Detailed filing data is available for this year.$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