MARGIE YUNG FOUNDATION
Private foundationFoundations·807 - 880 GRANDVIEW WAY · NORTH YORK, ON · M2N 7B2·BN 711960930RR0001
Last reported: F2024 filing · period ending 2024-07-31
This is a foundation: it mostly grants money to other charities, so program-spending ratios are the wrong lens. We show the share of spending disbursed to qualified donees instead.
What it does — in its own words
Ongoing programs
Following closely the purpose and programs outlined in the governing documents the Margie Yung Foundation donated $20 000 in the financial year ending on July 31 2024 to five CRA registered charity organizations in Canada. The five charity organizations are shown in Form T1236 and the attached 2023-2024 financial statement. They are: (1) The Salvation Army in Toronto $8 000 (2) The Samaritan's Purse Canada in Calgary $4 000 (3) The World Vision Canada in Mississauga $1 000 (4) The Scott Mission in Toronto $3 500 and (5) The Ottawa Mission Foundation $3 500. Also following closely the … Show more
Following closely the purpose and programs outlined in the governing documents the Margie Yung Foundation donated $20 000 in the financial year ending on July 31 2024 to five CRA registered charity organizations in Canada. The five charity organizations are shown in Form T1236 and the attached 2023-2024 financial statement. They are: (1) The Salvation Army in Toronto $8 000 (2) The Samaritan's Purse Canada in Calgary $4 000 (3) The World Vision Canada in Mississauga $1 000 (4) The Scott Mission in Toronto $3 500 and (5) The Ottawa Mission Foundation $3 500. Also following closely the governing documents a revenue of $20 000 was received solely from David Yung husband of Margie Yung in loving memory of his wife who spent most of her life trying to help others.
New programs
No new programs.
Program descriptions from its F2024 T3010 filing, verbatim · self-reported · this is also the text our semantic search matches against. source ↗
Tier 1 — what we computed (open data)
From the charity's own F2024 T3010 filing. Self-reported; not independently verified. You can recompute every figure.
Disbursed to qualified donees
T1 · computed (open data)100%
Per its F2024 T3010, this share of total spending went to other registered charities.
T3010 line 5050 ÷ 5100 · Self-reported on the T3010; not independently verified. source ↗
Operating overhead
T1 · computed (open data)100%
Management, administration, and fundraising as a share of total spending. We treat 5–35% as the typical range; we state the figure, you judge.
T3010 line (5010 + 5020) ÷ 4950 · Self-reported on the T3010; not independently verified. source ↗
Reserves
T1 · computed (open data)—
Years current reserves could cover program spending.
Sector quartiles: 0.4 yr / 0.8 yr / 7.5 yr (p25 / median / p90).
T3010 line (4100 + 4140) ÷ 5000 · Self-reported on the T3010; not independently verified. source ↗
Total revenue
T1 · computed (open data)$20K
Last-reported total revenue.
T3010 line 4700 · Self-reported on the T3010; not independently verified. source ↗
Donor-funded
T1 · computed (open data)100%
Share of revenue from receipted donations.
T3010 line 4500 ÷ 4700 · Self-reported on the T3010; not independently verified. source ↗
Government-funded
T1 · computed (open data)0%
Share of revenue from federal, provincial, and municipal sources.
T3010 line 4570 (or 4540+4550+4560) ÷ 4700 · Self-reported on the T3010; not independently verified. source ↗
Over the years
Every figure as filed at each fiscal period end, 2021–2024.
| Period end | Revenue | Cents to cause | Overhead | Reserves |
|---|---|---|---|---|
| 2021-07-31 | $0K | — | — | — |
| 2022-07-31 | $20K | 0¢ | 100% | — |
| 2023-07-31 | $20K | 0¢ | 100% | — |
| 2024-07-31 | $20K | 0¢ | 100% | — |
| trend |
From its T3010 filings (CRA annual releases) · self-reported, not audited by us · when a period is restated in a later release, the newest figures are shown · ✱ = cents-to-cause outside the valid 0–100% range (filing error; not used in rankings). source ↗
★ Tier 2 — Charity Intelligence (analyst-reviewed)
Not rated by Charity Intelligence. Their analysts cover 618 of Canada's 83,761 charities; absence of a rating says nothing about this charity. Our computed figures above stand on their own.
Board of directors
3 directors reported · 1 of 3at arm's length
- YUNG, DAVID T LDirector and Presidentnot at arm's length
- YUNG, BRIAN PDirector and Secretarynot at arm's length
- SU, WEIDirectorarm's length
From its F2024T3010 filing (public CRA record), as filed. “Arm's length” means not related to other officials by family or business ties. source ↗
Right of reply
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