Create In Chinatown Inc
- Assets
- $507.9k
- Revenue
- $440.2k
- Investments
- $0.0
- Employees
- 2
- Location
- New York, NY
- Founding
- 12/2004
- Data as of
- 06/2022
- EIN
- 20-0434850
Organization Overview
Create In Chinatown Inc, operating under the name Thinkchinatown, is located in New York, NY. The organization was established in 2004. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Thinkchinatown employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thinkchinatown 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, Thinkchinatown generated $440.2k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $214.7k during the year ending 06/2022. 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
FOSTER INTER-GENERATIONAL COMMUNITY THROUGH NEIGHBORHOOD ENGAGEMENT, STORYTELLING AND THE ARTS BY LISTENING, RESPONDING AND BUILDING CHINATOWNS CAPABILITIES AS A STRONG AND VIBRANT IMMIGRANT NEIGHBORHOOD IN NYC
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEIGHBORHOOD ENGAGEMENT - TO AMPLIFY VOICES OF THE COMMUNITY AND ADVOCATE FOR EQUITY IN RESOURCES FOR CHINATOWN BY PROVIDING MULTI-LINGUAL WORKSHOPS AND VOLUNTEER POWERED PROGRAMS FOR SMALL BUSINESSES AND ARTS GROUPS.
STORYTELLING AND THE ARTS - PRESENT THE GRASSROOTS ARTS OF CHINATOWN AND GIVE CONTEXT TO EMERGING ASIAN-AMERICAN ARTISTS THROUGH INNOVATIVE CULTURAL PRODUCTIONS, ART COMMISSIONS AND EXHIBITS VALUE INTER-GENERATIONAL LEARNING AND HONOR HISTORIES THAT REPRESENT THE COMMUNITY THROUGH MULTI-MEDIA ORAL HISTORY PROJECTS, CULTURAL CLASSES AND TALKS.
FISCALLY SPONSORED PROJECTS FOR CHINATOWN CORE BLOCK/MEET US IN CHINATOWN AND PRECIOUS CARGO EXHIBIT AND CATALOG
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hai Yin Kong Executive Director / Co-Founder | Officer | 40 | $50,917 |
Amy Chin President | OfficerTrustee | 15 | $0 |
Lillian Cho Treasurer | OfficerTrustee | 2 | $0 |
Kathleen Wah Lee Secretary | OfficerTrustee | 3 | $0 |
Robert Lee Director | Trustee | 2 | $0 |
Kerri Culhane Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $179,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $244,353 |
| Noncash contributions included in lines 1a–1f | $2,362 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $424,053 |
| Total Program Service Revenue | $16,115 |
| Investment income | $50 |
| 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 | $440,218 |
| 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. | $48,750 |
| Compensation of current officers, directors, key employees. | $27,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $207 |
| Payroll taxes | $6,599 |
| Fees for services: Management | $20,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,527 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,977 |
| Advertising and promotion | $0 |
| Office expenses | $29,974 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,741 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,093 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $979 |
| All other expenses | $0 |
| Total functional expenses | $214,736 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $308,252 |
| Savings and temporary cash investments | $100,051 |
| Pledges and grants receivable | $96,372 |
| Accounts receivable, net | $675 |
| 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 | $2,560 |
| 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 | $507,910 |
| Accounts payable and accrued expenses | $8,241 |
| 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 | $10,466 |
| Total liabilities | $18,707 |
| Net assets without donor restrictions | $379,252 |
| Net assets with donor restrictions | $109,951 |
| 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 | $507,910 |