Charitable Mission EIN 99-0452514

Charitable Mission FY2024 filing

EIN  99-0452514 Public charity (501(c)(3)) San Jose, CA
Form 990 (PDF)
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Size
<$100K
What they do
Empowers underserved communities with education and training to unlock potential and foster growth.
Leadership
Wai Yan Cheung · President
Money in and out
$270K revenue, $0 expenses
Bottom line
+100% surplus margin

Empowers underserved communities with education and training to unlock potential and foster growth. For fiscal year 2024 it reported $270K in revenue, $0 in expenses, and $438K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$270K
Pt VIII · Ln 12
Total expenses
$0
Pt IX · Ln 25
Net assets
$438K
Pt X · Ln 32
Surplus margin
+100%
revenue over expenses, this year
Donor-funded
100%
of revenue is gifts & grants

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$270K
FY2024▲ +61%
Expenses
$0
FY2024
Total assets
$438K
FY2024
Total liabilities
$0
FY2024
Total revenue
$270K
Pt VIII · Ln 12
Total expenses
$0
Pt IX · Ln 25
Net assets
$438K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$270K
Total assetsPt X · Ln 16$438K
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 31
Independent voting membersPt I · Ln 41
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

To provide education and training to underserve communities.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCharitable Mission
EINHdr · item D99-0452514
Principal addressHdr · item CSan Jose, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A02)
Ruling yearIRS BMFMay 2024

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a1
Independent voting membersPt VI · Ln 1b1
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$270K
Total revenueLn 12$270K

Balance Sheet

Part X · end of year
CashLn 1$438K
Total assetsLn 16$438K
Total liabilitiesLn 26$0
Total net assetsLn 32$438K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $438K · Operating expenses/yr $0
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $0 · Total expenses $0
Management & General
Management & general $0 · Total expenses $0
Fundraising
Fundraising $0 · Total expenses $0
Cost to raise $1
Fundraising expense $0 · Solicited contributions $270K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $270K · Total revenue $270K
100%
Government reliance
Government grants — · Total revenue $270K
Earned-income share
Program service revenue $0 · Total revenue $270K
0%
Investment reliance
Investment income $0 · Total revenue $270K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $0
Growth & trend
Revenue growth (YoY)
This year $270K · Prior year $168K
+61%
Net-asset trend (YoY)
End of year $438K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $270K · Expenses $0
+100%
Liabilities-to-Assets
Total liabilities — · Total assets $438K
Net-asset ratio
Net assets $438K · Total assets $438K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $438K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Wai Yan Cheung · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $0
Total expenses not reported — showing dollar figure only
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $0
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Fundraising cost ratio 0%
Revenue growth 61%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$7K revenue · ⤓ 990 PDF
FY2024$270K revenue · viewing · ⤓ 990 PDF
FY2023$168K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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