Yale China Association Inc
- Assets
- $24.3m
- Revenue
- $1.6m
- Investments
- $23.3m
- Employees
- 0
- Location
- New Haven, CT
- Founding
- 06/1939
- Data as of
- 06/2022
- EIN
- 06-0646971
Organization Overview
Yale China Association Inc is located in New Haven, CT. The organization was established in 1939. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yale China Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Yale China Association Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
YALE-CHINA BRIDGES THE UNITED STATES AND CHINA THROUGH COLLABORATIVE PARTNERSHIPS IN EDUCATION, HEALTHCARE, AND THE ARTS. FOUNDED IN 1901 BY GRADUATES OF YALE UNIVERSITY, THE ASSOCIATION TODAY LINKS YALE COMMUNITIES AND RESOURCES WITH PARTNERS IN CHINA, HONG KONG AND NEW HAVEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION PROGRAMS: PROVIDED MORE THAN 12,000 CLASSROOM HOURS, RESEARCH AND VOLUNTEER SERVICE WORK IN DIRECT TEACHING, FELLOWSHIPS AND UNDERGRADUATE EXCHANGES. HEALTH PROGRAMS: MEDICAL AND NURSING TRAINING AND FELLOWSHIPS FOR WOMEN IN CHINESE HEALTH PROFESSIONS, COLLABORATIVE HEALTH RESEARCH BY AMERICANS AND CHINESE, WORK IN PUBLIC HEALTH AND MEDICAL ETHICS, ADMINISTER SCHOLARSHIPS FOR CHINESE STUDENTS WITH FINANCIAL NEEDS AT A MEDICAL SCHOOL IN CHINA. ARTS PROGRAMS: ART EXHIBITS OPEN TO YALE AND NEW HAVEN PUBLIC, ARTS RESIDENCIES AT YALE FOR 3 CONTEMPORARY ARTISTS FROM HONG KONG, PERFORMANCES AND PARTNERSHIPS WITH ARTS ORGANIZATIONS, AND CONNECTICUT'S LARGEST CELEBRATION OF THE LUNAR NEW YEAR AND CHINESE CULTURAL FESTIVAL IN NEW HAVEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Drake Pike Chair | OfficerTrustee | 7 | $0 |
Nancy Chapman Secretary | OfficerTrustee | 7 | $0 |
Gang Chen Treasurer | OfficerTrustee | 7 | $0 |
Alex Liebman Vice Chair | OfficerTrustee | 7 | $0 |
Barry J Wu Vice Chair | OfficerTrustee | 7 | $0 |
Cui Fengming Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $654,772 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $654,772 |
| Total Program Service Revenue | $0 |
| Investment income | $882,691 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $82,070 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,619,533 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $50,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $190,000 |
| Compensation of current officers, directors, key employees. | $9,500 |
| Compensation to disqualified persons | $667,939 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $248,145 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,168 |
| Fees for services: Other | $85,587 |
| Advertising and promotion | $0 |
| Office expenses | $14,208 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $37,959 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,980 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,585 |
| Insurance | $21,911 |
| All other expenses | $60,942 |
| Total functional expenses | $1,690,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $930,328 |
| Savings and temporary cash investments | $1,046 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $46,640 |
| Net Land, buildings, and equipment | $7,764 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $23,305,656 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,291,434 |
| Accounts payable and accrued expenses | $567,090 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $567,090 |
| Net assets without donor restrictions | $11,462,053 |
| Net assets with donor restrictions | $12,262,291 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $24,291,434 |