American Foundation For Chinese Medicine Inc
- Assets
- $1.3m
- Revenue
- $108.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Long Island City, NY
- Founding
- 01/1999
- Data as of
- 12/2021
- EIN
- 13-4015489
Organization Overview
American Foundation For Chinese Medicine Inc is located in Long Island City, NY. The organization was established in 1999. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Foundation For Chinese Medicine 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, American Foundation For Chinese Medicine Inc generated $108.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $85.3k 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
TO ADVANCE THE KNOWLEDGE OF CHINESE MEDICINE THROUGH EDUCATION AND SCIENTIFIC RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT COLLABORATIVE RESEARCH WITH THE BREAST CENTER, MAIMONIDES MEDICAL CENTER IN BROOKLYN, NY ON A RESEARCH PROJECT ON CHINESE HERBS IN THE MANAGEMENT OF BREAST CANCER.
TO SUPPORT ALL ASPECTS OF RESEARCH OPERATION IN THE FOUNDATION.
TO SUPPORT RESEARCH GRANT ENTITLED "MANAGEMENT OF CHRONIC DISEASES AND CANCER WITH CHINESE HERBAL MEDICINE".
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Wong President | OfficerTrustee | 0 | $0 |
Ayaji Moritomi Trustee | OfficerTrustee | 0 | $0 |
Vicki Tiel Secretary | OfficerTrustee | 0 | $0 |
Christina Hom Treasurer | Officer | 0 | $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 | $76,856 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,856 |
| Total Program Service Revenue | $7,649 |
| Investment income | $24,372 |
| 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 | $108,877 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| Grants and other assistance to domestic individuals. | $12,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,850 |
| Advertising and promotion | $0 |
| Office expenses | $954 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,003 |
| Travel | $898 |
| 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 | $109 |
| Insurance | $0 |
| All other expenses | $1,917 |
| Total functional expenses | $85,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,314,275 |
| Savings and temporary cash investments | $0 |
| 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 | $163 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,314,438 |
| Accounts payable and accrued expenses | $23,795 |
| 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 | $23,795 |
| Net assets without donor restrictions | $1,290,643 |
| 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 | $1,314,438 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Foundation For Chinese Medicine Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
The Sophie Stenbeck Family Foundation Los Angeles, CA PURPOSE: GENERAL SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Jersey Charter Public Schools Association A New Jersey Non-Profi Hamilton, NJ | $3,579,653 | $10,181,414 |
Education Reform Now Advocacy Inc New York, NY | $9,049,502 | $13,254,867 |
Education Reform Now Inc New York, NY | $12,856,272 | $9,742,321 |
Zuckerman Institute Charitable Uta 09302015 New York, NY | $457,938 | $7,031,465 |
Character Lab Inc Philadelphia, PA | $4,681,422 | $6,946,574 |
College Of Physicians Of Philadelphia Philadelphia, PA | $49,395,959 | $7,255,479 |
Calyx Institute Brooklyn, NY | $4,391,437 | $6,703,987 |
Campus Compact Boston, MA | $2,930,117 | $3,976,934 |
Eskolta School Research And Design Inc New York, NY | $3,454,540 | $3,524,860 |
Heterodox Academy New York, NY | $1,652,564 | $2,832,778 |
Center Of Complex Interventions Inc Wellesley, MA | $1,309,883 | $3,150,464 |
Center For Curriculum Redesign Boston, MA | $2,918,305 | $3,304,952 |