Nonprofit · EIN 51-0424438
MICHAEL YANG FOUNDATION
Tax-exempt · SALISBURY, NC 28147
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $8,129 | $13,715 | -$5,586 | $306,502 | $236 | $306,266 |
| December 31, 2023 | 990-EZ | $5,699 | $10,717 | -$5,018 | $281,118 | – | $281,118 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $8,129
Expenses
- Grants and similar amounts paid
- $2,000
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $4,467
- Other expenses
- $7,248
- Program services (functional)
- $10,366
Balance sheet and other
- Total assets, start of year
- $281,118
- Total assets, end of year
- $306,502
- Total liabilities, end of year
- $236
- Net assets, end of year
- $306,266
- Cash, savings and investments
- $306,502
- Gross receipts
- $8,129
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH CATALDO | DIRECTOR | 0 | $0 |
| BRIAN MILLER | DIRECTOR | 0 | $0 |
| KATHY RUSHER | DIRECTOR | 0 | $0 |
| KATHI RUSSO | DIRECTOR | 0 | $0 |
| BILLY WEBB | DIRECTOR | 0 | $0 |
| LORI YANG | PRESIDENT | 0 | $0 |
| STEVE YANG | DIRECTOR | 0 | $0 |
990-EZ for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH CATALDO | DIRECTOR | 0 | $0 |
| BRIAN MILLER | DIRECTOR | 0 | $0 |
| KATHY RUSHER | DIRECTOR | 0 | $0 |
| KATHI RUSSO | DIRECTOR | 0 | $0 |
| BILLY WEBB | DIRECTOR | 0 | $0 |
| LORI YANG | PRESIDENT | 0 | $0 |
| STEVE YANG | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 102 WYNDHAM WAY, SALISBURY, NC 28147-7266
- In care of
- % LORI H YANG
- Signed the 990-EZ
- LORI YANG, PRESIDENT
- Phone
- (704) 630-0319
- Website
- WWW.MICHAELYANGFOUND.ORG
- Return prepared by
- DAVIS GROUP PA CPAS
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 accomplishments
- GRIEF SUPPORT GROUP FOR PARENTS WHO HAVE LOST A YOUNG CHILDExpenses $8,366
- MUSIC EDUCATION SCHOLARSHIP FOR YOUNG CHILDREN - KINDERMUSIK
- SUPPORT PROGRAM FOR DISINTERESTED TEENAGERS - YOUNG LIFEExpenses $2,000 · grants $2,000
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 51-0424438
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $306,502
- Income (IRS master file)
- $8,129
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $8,129 | $13,715 | $306,502 | XML |
| 990-EZ | December 2023 | $5,699 | $10,717 | $281,118 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 51-0424438).
Questions about MICHAEL YANG FOUNDATION
- What is the EIN of MICHAEL YANG FOUNDATION?
- The employer identification number (EIN) of MICHAEL YANG FOUNDATION is 51-0424438.
- Is MICHAEL YANG FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to MICHAEL YANG FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MICHAEL YANG FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of MICHAEL YANG FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MICHAEL YANG FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of MICHAEL YANG FOUNDATION?
- The 990-EZ for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does MICHAEL YANG FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $8,129, expenses of $13,715 and total assets of $306,502 at year end.
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