Brooklyn Chinese-American Association Inc
- Assets
- $18.5m
- Revenue
- $18.3m
- Investments
- $0.0
- Employees
- 479
- Location
- Brooklyn, NY
- Founding
- 12/1991
- Data as of
- 06/2022
- EIN
- 11-3065859
Organization Overview
Brooklyn Chinese-American Association Inc is located in Brooklyn, NY. The organization was established in 1991. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Brooklyn Chinese-American Association Inc employed 479 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brooklyn Chinese-American 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, Brooklyn Chinese-American Association Inc generated $18.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $18.5m during the year ending 06/2022. While expenses have increased by 5.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
THE ORGANIZATION IS A MULTI-SOCIAL SERVICES ORGANIZATION SERVING THE ASIAN-AMERICAN COMMUNITIES OF BROOKLYN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILD CARE PROGRAMS - INCLUDES DAY CARE & SUMMER PROGRAMS FOR PRE-SCHOOL CHILDREN FROM LOW INCOME FAMILIES.
OTHER PROGRAM SERVICES 1,320,741: THIS AMOUNT REPRESENTS COMMUNITY PROGRAMS - VARIOUS COMMUNITY SERVICES - INCLUDES CRIME VICTIMS ASSISTANCE, NUTRITION EDUCATION AND OUTREACH SERVICES AND OTHER COMMUNITY EVENTS AND FUNCTIONS.
YOUTH PROGRAMS - INCLUDES EDUCATIONAL, RECREATIONAL & COUNSELING SERVICES.
SENIOR CITIZEN PROGRAMS - INCLUDES EDUCATIONAL,RECREATIONAL & CULTURAL ACTIVITIES AND VARIOUS SENIOR ASSISTANCE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Mak President/ce | Officer | 40 | $221,000 |
Haney Ho Vice-Preside | Officer | 40 | $165,941 |
Samuel Cheung Secretary | OfficerTrustee | 1 | $0 |
Cecilia Fung Director | Trustee | 1 | $0 |
Tony Fung Chairman | OfficerTrustee | 5 | $0 |
Margaret Lam Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,982,892 |
| All other contributions, gifts, grants, and similar amounts not included above | $156,987 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,139,879 |
| Total Program Service Revenue | $112,373 |
| Investment income | $2,061 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,254,313 |
| 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 | $9,339,532 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,314,083 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $102,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $413,733 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,806,844 |
| Travel | $28,843 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $348,633 |
| All other expenses | $344,037 |
| Total functional expenses | $18,541,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,027,523 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,216,220 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,323 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $37,627 |
| Net Land, buildings, and equipment | $6,960,592 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $233,440 |
| Total assets | $18,488,725 |
| Accounts payable and accrued expenses | $2,145,597 |
| Grants payable | $0 |
| Deferred revenue | $326,026 |
| 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 | $1,050,000 |
| Other liabilities | $280,528 |
| Total liabilities | $3,802,151 |
| Net assets without donor restrictions | $14,686,574 |
| Net assets with donor restrictions | $0 |
| 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 | $18,488,725 |