Epoch Times Association Inc
- Assets
- $36.7m
- Revenue
- $128.0m
- Investments
- $0.0
- Employees
- 119
- Location
- New York, NY
- Founding
- 07/2002
- Data as of
- 12/2022
- EIN
- 22-3848589
Organization Overview
Epoch Times Association Inc is located in New York, NY. The organization was established in 2002. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Epoch Times Association Inc employed 119 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Epoch Times Association 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 12/2022, Epoch Times Association Inc generated $128.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 59.0% each year . All expenses for the organization totaled $127.6m during the year ending 12/2022. While expenses have increased by 60.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Epoch Times Association Inc has awarded 11 individual grants totaling $86,720,569. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE EPOCH TIMES ASSOCIATION INC. ("CORPORATION") IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES IN ACCORDANCE WITH SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
Describe the Organization's Program Activity:
COSTS OF PRINTING NEWSPAPER, CREATING AND PROMOTING WEB AND MEDIA PROGRAMS TO PROVIDE THE SOCIETY TRUTH AND TRADITION THROUGH INSIGHTFUL AND INDEPENDENT JOURNALISM, STANDING OUTSIDE OF POLITICAL INTERESTS AND THE PURSUIT OF PROFIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Guan CFO | OfficerTrustee | 0 | $0 |
Xueke Wang Secretary | OfficerTrustee | 40 | $63,800 |
Dana Cheng Director | OfficerTrustee | 20 | $47,000 |
Zhong Tang CEO | OfficerTrustee | 5 | $0 |
Damon Noto Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Data Managing Corporation Advertising Services | 12/30/21 | $2,749,000 |
The Epoch Times (Hong Kong) Journalism Services | 12/30/21 | $1,560,000 |
The Epoch Group Inc Journalism Services | 12/30/21 | $1,200,000 |
Ebus-executive Boutique Call Center Call Center Services | 12/30/21 | $1,140,698 |
Japan Intertrade Callcenter Corporation Call Center Services | 12/30/21 | $1,099,116 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $170,040 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,384,709 |
| Noncash contributions included in lines 1a–1f | $5,229 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,554,749 |
| Total Program Service Revenue | $123,922,587 |
| Investment income | $220,621 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$88,939 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $323,578 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $127,999,557 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $52,580,941 |
| 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. | $110,800 |
| Compensation of current officers, directors, key employees. | $22,160 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,905,313 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,905 |
| Payroll taxes | $334,988 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $719,977 |
| Fees for services: Accounting | $98,637 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $138,338 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,626,481 |
| Advertising and promotion | $8,238,493 |
| Office expenses | $6,462,702 |
| Information technology | $0 |
| Royalties | $116,359 |
| Occupancy | $3,343,785 |
| Travel | $800,325 |
| 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 | $257,726 |
| Insurance | $155,189 |
| All other expenses | $3,978,906 |
| Total functional expenses | $127,585,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,240,482 |
| Savings and temporary cash investments | $10,817,564 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,383,850 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,500,750 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,470,879 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,333,991 |
| Total assets | $36,747,516 |
| Accounts payable and accrued expenses | $3,026,093 |
| Grants payable | $0 |
| Deferred revenue | $30,860,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $150,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $2,192,519 |
| Other liabilities | $0 |
| Total liabilities | $36,228,612 |
| Net assets without donor restrictions | $518,904 |
| 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 | $36,747,516 |
Grants Awarded
Over the last fiscal year, Epoch Times Association Inc has awarded $52,551,836 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EPOCH PUBLIC FOUNDATION PURPOSE: GENERAL SUPPORT | $11,062,919 |
UNIVERSAL COMMUNICATIONS NETW PURPOSE: GENERAL SUPPORT | $41,488,917 |