Formosan Association For Public Affair Inc
- Assets
- $7.8m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 6
- Location
- Washington, DC
- Founding
- 12/1987
- Data as of
- 12/2021
- EIN
- 11-2615291
Organization Overview
Formosan Association For Public Affair Inc is located in Washington, DC. The organization was established in 1987. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Formosan Association For Public Affair Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Formosan Association For Public Affair 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 12/2021, Formosan Association For Public Affair Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $393.5k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
1.TO EDUCATE AMERICAS CHERISHED VALUES TO TAIWANESE AMERCIANS. 2.TO PROMOTE PEOPLE-TO PEOPLE RELATIONSHIP BETWEEN THE U.S. AND TAIWAN. 3.TO MOTIVATE TAIWANESE AMERICANS TO BE INVOLVED IN GRASS ROOT PARTICIPATION IN AMERICAS MAINSTREAM CULTURAL PROCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH PROGRAM: THIS PROGRAM IS INTENED TO ENHANCE THE INVOLVEMENT OF SECOND GENERATION TAIWANESE AMERICANS BY RECRUITING YOUTH AND COORDINATING THEIR ACTIVITIES.
LEADERSHIP TRAINING PROGRAM: THIS IS INTENDED TO TRAIN THE YOUNGER GENERATION TO BE PREPARED TO ASSUME LEADERSHIP.
BRANCH ACTIVITIES: THIS PROGRAM IS INTENDED TO BROADEN THE ORGANIZATIONS GRASS ROOTS CAPACITY BY COORDINATING BRANCH EVENTS AND ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Minze Chien President | Officer | 2 | $0 |
Kenneth Hsu Treasurer | Officer | 1 | $0 |
Anny Chiao-Yun Hsiao Vice President | Officer | 2 | $0 |
Jerry C Liu Standing Committee | Trustee | 1 | $0 |
Kevin Chien Yu Chou Standing Committee | Trustee | 1 | $0 |
June Lin Standing Committee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $16,605 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,853 |
| All other contributions, gifts, grants, and similar amounts not included above | $700,176 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $728,634 |
| Total Program Service Revenue | $0 |
| Investment income | $34,981 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,824 |
| Net Gain/Loss on Asset Sales | $1,614,462 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,376,253 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $181,641 |
| Pension plan accruals and contributions | $4,661 |
| Other employee benefits | $6,699 |
| Payroll taxes | $16,550 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10 |
| Fees for services: Accounting | $9,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,345 |
| Fees for services: Other | $41,854 |
| Advertising and promotion | $0 |
| Office expenses | $23,793 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,441 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,177 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,915 |
| Insurance | $7,961 |
| All other expenses | $15,721 |
| Total functional expenses | $393,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $260,169 |
| Savings and temporary cash investments | $1,220,788 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,621 |
| 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 | $12,684 |
| Net Land, buildings, and equipment | $319,727 |
| Investments—publicly traded securities | $5,898,106 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,290 |
| Total assets | $7,828,385 |
| Accounts payable and accrued expenses | $34,866 |
| 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 | $550 |
| Total liabilities | $35,416 |
| Net assets without donor restrictions | $7,192,969 |
| Net assets with donor restrictions | $600,000 |
| 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 | $7,828,385 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Formosan Association For Public Affair Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Lotus Foundation Houston, TX | | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Generation - You Employed Inc Washington, DC | $32,196,758 | $17,956,702 |
Young Americas Foundation Reston, VA | $108,030,545 | $39,445,693 |
Partnership For A Healthier America Inc Washington, DC | $8,156,675 | $7,675,528 |
Washington Nationals Philanthropies Washington, DC | $8,857,322 | $4,334,499 |
Peaceplayers International Washington, DC | $2,663,713 | $3,827,781 |
Impact Living Services Forest, VA | $3,151,473 | $6,118,517 |
Service Year Exchange Inc Washington, DC | $7,358,910 | $7,347,919 |
Richmond First Tee Richmond, VA | $10,036,196 | $3,399,029 |
Breakfree Education Columbia, MD | $2,710,082 | $3,378,734 |
Us Dream Academy Inc Silver Spring, MD | $1,470,975 | $3,095,850 |
Skillsusa Foundation Inc Leesburg, VA | $0 | $2,681,875 |
Washington Tennis & Education Washington, DC | $25,495,785 | $2,863,895 |