Chinese Methodist Center Corporation
- Assets
- $318.9k
- Revenue
- $290.2k
- Investments
- $0.0
- Employees
- 29
- Location
- New York, NY
- Founding
- 05/1987
- Data as of
- 12/2023
- EIN
- 13-2876091
Organization Overview
Chinese Methodist Center Corporation is located in New York, NY. The organization was established in 1987. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 12/2023, Chinese Methodist Center Corporation employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chinese Methodist Center Corporation 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 12/2023, Chinese Methodist Center Corporation generated $290.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $336.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 5 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL SERVICES/SCHOOL-AGE CHILD CARE SERVICES FOR AFTERSCHOOL & SUMMER PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CMCC ON-SITE AND REMOTE AFTER-SCHOOL PROGRAMS OPERATED FROM SEPTEMBER TO JUNE PROVIDING HOMEWORK ASSISTANCE AND TUTORING SERVICES TO SCHOOL-AGE CHILDREN AND YOUTH, MONDAY TO FRIDAY FROM 2:30 TO 6:00 PM. IN ADDITION TO ACADEMIC SUPPORT AND ENRICHMENT, STUDENTS WERE SERVED A HOME-COOKED NUTRITIOUS SUPPER MEAL DAILY ON-SITE. NINETY-PERCENT OF STUDENTS ENROLLED MADE IMPROVEMENTS IN THEIR READING LEVELS AND OVERALL GAINS IN SCHOOL. EACH SEMESTER AT LEAST TWENTY DEDICATED CMCC TEAM MEMBERS WORKED TOGETHER TO POSITIVELY IMPACT STUDENTS.
THE CMCC CONTINUED ITS ON-SITE SUMMER PROGRAM AND ITS REMOTE TUTORING SERVICES FOR SEVEN-WEEKS DURING JULY AND AUGUST. IN ADDITION TO ACADEMICS, STUDENTS PARTICIPATED IN OFF-SITE TRIPS, LEARNED HOW TO PLAY A MUSICAL INSTRUMENT, WORKED TOGETHER ON SERVICE PROJECTS AND HOSTED THE FIRST COMMUNITY DAY EVENT AT A NEARBY PARK. ALL THESE ENDEAVORS WERE ACHIEVED WITH THE HELP AND COMMITMENT OF CMCC STAFF, TEACHERS, INTERNS, AND VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
1 Regina Lie-Seid Executive Director | Officer | 25 | $32,300 |
2 Xiaodan Amanda Lin Treasurer | OfficerTrustee | 2 | $26,300 |
3 Christopher Wong Vice President | OfficerTrustee | 2 | $0 |
4 Cui Jin Chu President | OfficerTrustee | 2 | $0 |
5 Sally Lee-Zhu Correspondence Secretary | OfficerTrustee | 2 | $0 |
6 Shuk Han Wong Recording Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $109,558 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,322 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $155,880 |
| Total Program Service Revenue | $129,580 |
| Investment income | $4,492 |
| 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 | $290,155 |
| 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. | $58,600 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $171,625 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,793 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,359 |
| Fees for services: Accounting | $24,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,000 |
| Advertising and promotion | $0 |
| Office expenses | $5,332 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,908 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $369 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,413 |
| All other expenses | $0 |
| Total functional expenses | $336,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,423 |
| Savings and temporary cash investments | $224,492 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $318,915 |
| Accounts payable and accrued expenses | $1,023 |
| 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 | $38,151 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $39,174 |
| Net assets without donor restrictions | $279,741 |
| 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 | $318,915 |