China Institute In America Incorporated
- Assets
- $39.6m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 75
- Location
- New York, NY
- Founding
- 12/1944
- Data as of
- 06/2021
- EIN
- 13-1623937
Organization Overview
China Institute In America Incorporated is located in New York, NY. The organization was established in 1944. According to its NTEE Classification (Q20) the organization is classified as: Promotion of International Understanding, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2021, China Institute In America Incorporated employed 75 individuals. This organization is the central organization for a national or regional group of organizations. China Institute In America Incorporated 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 06/2021, China Institute In America Incorporated generated $6.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $4.4m during the year ending 06/2021. 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
CHINA INSTITUTE ADVANCES A DEEPER UNDERSTANDING OF CHINA THROUGH PROGRAMS IN EDUCATION, CULTURE, BUSINESS AND ART IN THE BELIEF THAT CROSS-CULTURAL UNDERSTANDING STRENGTHENS OUR GLOBAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: THE EDUCATION DEPARTMENT OFFERS A VARIETY OF PROGRAMS ABOUT CHINESE LANGUAGE, CULTURE, HISTORY AND CONTEMPORARY LIFE DESIGNED FOR TEACHERS, CHILDREN AND YOUTH, AND THE GENERAL PUBLIC OF ALL AGES.
GALLERY: CHINA INSTITUTE GALLERY WAS THE FIRST NON-PROFIT GALLERY IN THE UNITED STATES TO SHOWCASE CHINESE ART AND CULTURE EXCLUSIVELY AND ON A REGULAR BASIS. THE GALLERY IS RENOWNED FOR ITS INTIMATE, FIRST-CLASS THEMATIC EXHIBITIONS FEATURING BOTH TRADITIONAL AND CONTEMPORARY CHINESE ART AND CULTURE.
BUSINESS PROGRAM:THE CENTER FOR BUSINESS AT CHINA INSTITUTE OFFERS A FORUM FOR EXCHANGING THE MOST CURRENT INFORMATION ABOUT RAPIDLY EVOLVING DEVELOPMENTS IN U.S.-CHINA BUSINESS COMMUNITY. THE INSTITUTES IMPACT SPEAKERS PROGRAMS, EXECUTIVE SUMMITS AND CONFERENCES PROVIDE COMPANIES OF ALL SIZES WITH FORUMS FOR NETWORKING AND INFORMATION SHARING AMONG THE U.S.-CHINA BUSINESS COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Heimowitz President | Officer | 50 | $228,701 |
Dorinda Elliot Svp/dir Of Bus. | Officer | 50 | $164,284 |
Vivian Qun Cao CFO | Officer | 50 | $136,900 |
Melissa Kuklin Dir. Development | 40 | $122,402 | |
Willow H Weilan Hai Gallery Director | 40 | $120,520 | |
Chien Chung Pei Co-Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
40 Rector Condo Philips Intl Holding Building Com Charges | 6/29/20 | $692,838 |
Tiaa-cref Retirement Plan Admn | 6/29/20 | $367,050 |
Mn Architecture Dpc Architectural Designs | 6/29/20 | $102,152 |
Vanguard Construction Construction | 6/29/20 | $1,962,877 |
40 Rector Condo Philips Intl Holding Building Com Charges | 6/29/20 | $692,838 |
Oxford Health Insurance Health Insurance | 6/29/20 | $240,503 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $43,552 |
| Fundraising events | $1,011,907 |
| Related organizations | $0 |
| Government grants | $780,221 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,347,856 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,183,536 |
| Total Program Service Revenue | $681,535 |
| Investment income | $119,426 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $585,874 |
| 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 | $6,570,371 |
| 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. | $673,685 |
| Compensation of current officers, directors, key employees. | $67,025 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,758,358 |
| Pension plan accruals and contributions | $86,478 |
| Other employee benefits | $191,998 |
| Payroll taxes | $149,613 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,323 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,321 |
| Fees for services: Other | $99,601 |
| Advertising and promotion | $18,376 |
| Office expenses | $77,511 |
| Information technology | $15,059 |
| Royalties | $0 |
| Occupancy | $354,991 |
| Travel | $4,012 |
| 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 | $688,159 |
| Insurance | $32,360 |
| All other expenses | $588 |
| Total functional expenses | $4,388,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,164,655 |
| Savings and temporary cash investments | $3,057,643 |
| Pledges and grants receivable | $1,056,369 |
| Accounts receivable, net | $94,861 |
| 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 | $51,200 |
| Net Land, buildings, and equipment | $28,617,340 |
| Investments—publicly traded securities | $5,388,475 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $187,476 |
| Total assets | $39,618,019 |
| Accounts payable and accrued expenses | $1,194,169 |
| Grants payable | $0 |
| Deferred revenue | $81,018 |
| 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 | $7,941,670 |
| Unsecured mortgages and notes payable | $545,576 |
| Other liabilities | $1,662,300 |
| Total liabilities | $11,424,733 |
| Net assets without donor restrictions | $18,592,198 |
| Net assets with donor restrictions | $9,601,088 |
| 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 | $39,618,019 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that China Institute In America Incorporated has recieved totaling $204,325.
| Awarding Organization | Amount |
|---|---|
The Leandro P Rizzuto Foundation Boynton Beach, FL PURPOSE: CULTURE AWARENESS OF CHINA. | $100,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $79,300 |
Long Family Foundation Torrance, CA PURPOSE: GENERAL SUPPORT | $25,000 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $25 |
Endowment Analysis
| Beg. Balance | $5,003,321 |
| Earnings | $1,106,057 |
| Other Expense | -$1,754,025 |
| Ending Balance | $4,355,353 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alliance For Open Society International Inc New York, NY | $43,304,993 | $33,954,105 |
Harvard-Yenching Institute Cambridge, MA | $357,386,063 | $5,038,189 |
Idealistorg Inc New York, NY | $8,884,686 | $10,106,263 |
Middle East Forum Philadelphia, PA | $5,601,334 | $8,052,985 |
Americas Society Inc New York, NY | $65,186,397 | $5,307,206 |
China Institute In America Incorporated New York, NY | $39,618,019 | $6,570,371 |
American-Scandinavian Foundation New York, NY | $56,118,805 | $3,574,288 |
Peaceworks Network Foundation New York, NY | $9,232,893 | $2,717,484 |
Auschwitz Instut For The Prevention Of Genocide And Mass Atrocities New York, NY | $427,684 | $2,862,009 |
Korea Society New York, NY | $30,574,587 | $3,688,770 |
Netherland-America Foundation Incorporated New York, NY | $8,725,622 | $2,894,571 |
Beyond Borders Inc Norristown, PA | $1,569,645 | $2,578,672 |