China Times Cultural Foundation
- Assets
- $2.0m
- Revenue
- $51.6k
- Investments
- $1.7m
- Employees
- 0
- Location
- San Mateo, CA
- Founding
- 09/1986
- Data as of
- 12/2021
- EIN
- 22-2711422
Organization Overview
China Times Cultural Foundation is located in San Mateo, CA. The organization was established in 1986. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. China Times Cultural Foundation 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, China Times Cultural Foundation generated $51.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $197.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, China Times Cultural Foundation has awarded 61 individual grants totaling $205,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louisa Y Wong President/treasurer | 30 | $64,000 | |
Victor Tan Director | 1 | $0 | |
Don M Wong Vice-President/director | 1 | $0 | |
Franklin Yu Director | 1 | $0 | |
Ho Sing Lee Director | 1 | $0 | |
Nancy Chen Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $31 |
| Dividends & Interest | $64,108 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$12,498 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $51,641 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $64,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,471 |
| Depreciation | $0 |
| Occupancy | $3,388 |
| Travel, conferences, and meetings | $2,928 |
| Printing and publications | $727 |
| Other expenses | $38,094 |
| Total operating and administrative expenses | $123,540 |
| Contributions, gifts, grants paid | $74,000 |
| Total expenses and disbursements | $197,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,453 |
| Savings and temporary cash investments | $247,598 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,954,494 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, China Times Cultural Foundation has awarded $74,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
STUDENT PURPOSE: SCHOLARSHIP AWARD | $5,000 |
STUDENT PURPOSE: SCHOLARSHIP AWARD | $5,000 |
STUDENT PURPOSE: SCHOLARSHIP AWARD | $5,000 |
STUDENT PURPOSE: SCHOLARSHIP AWARD | $5,000 |
STUDENT PURPOSE: SCHOLARSHIP AWARD | $3,000 |
STUDENT PURPOSE: SCHOLARSHIP AWARD | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kaizen Educational Foundation Phoenix, AZ | $53,687,317 | $45,601,979 |
Music Center Foundation Los Angeles, CA | $314,452,554 | $21,090,065 |
Norton Simon Art Foundation Pasadena, CA | $402,690,558 | $10,441,452 |
Reut Usa Woodland Hills, CA | $1,442,535 | $3,682,077 |
Laurie C Mcgrath Foundation San Diego, CA | $66,075,096 | $62,426,346 |
Armenian Educational Foundation Inc Glendale, CA | $5,680,253 | $2,130,869 |
William And Joanne Miller Charitable Trust Simi Valley, CA | $69,537,632 | $4,537,991 |
Latino Public Broadcasting Los Angeles, CA | $1,965,169 | $2,106,064 |
Hack The Hood Inc Oakland, CA | $1,558,755 | $1,730,354 |
Womans Club Of Hollywood Los Angeles, CA | $248,203 | $0 |
Diablo Regional Arts Association Walnut Creek, CA | $3,333,800 | $1,541,851 |
Jack Van Sickle Foundation Reno, NV | $9,650,730 | $1,661,273 |