Hip Sen Benevolent Association
- Assets
- $3.5m
- Revenue
- $229.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Daly City, CA
- Founding
- 01/1973
- Data as of
- 12/2021
- EIN
- 23-7173372
Organization Overview
Hip Sen Benevolent Association is located in Daly City, CA. The organization was established in 1973. According to its NTEE Classification (G51) the organization is classified as: Arthritis, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hip Sen Benevolent Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Hip Sen Benevolent Association generated $229.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $124.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL WELFARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
BENEFITS TO SENIORS, MEMBERS, & AWARDS SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hanson Tom Vice President | Trustee | 0 | $0 |
William Chin President | Trustee | 0 | $0 |
Ei Tu Zhou Ass't Secretary | Trustee | 0 | $0 |
F Kwong Chow Secretary | Trustee | 0 | $0 |
F Wing Chow Treasurer | Trustee | 0 | $0 |
Kong Chow Ass't Treasurer | Trustee | 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 | $1,150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,150 |
| Total Program Service Revenue | $0 |
| Investment income | $22,283 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $206,202 |
| Net Gain/Loss on Asset Sales | $79 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $229,714 |
| 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. | $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 | $3,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $85 |
| Information technology | $3,025 |
| Royalties | $0 |
| Occupancy | $14,724 |
| Travel | $13,100 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,245 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,744 |
| Insurance | $0 |
| All other expenses | $3,547 |
| Total functional expenses | $124,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $545,181 |
| Savings and temporary cash investments | $1,101,071 |
| 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 | $1,798,551 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,217 |
| Total assets | $3,455,020 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $3,455,020 |
| Total liabilities and net assets/fund balances | $3,455,020 |
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The Right Hand Foundation Los Altos, CA | $1,783,188 | $274,469 |
Hip Sen Benevolent Association Daly City, CA | $3,455,020 | $229,714 |
Cancer Research And Treatment Institute Glendale, AZ | $19,804 | $83,184 |
Frances M Hamburger Phd Institute For Community Rheumatolo Los Angeles, CA | $302,167 | $56,606 |
Sierra Arthritis Foundation Irvine, CA | $4,706 | $14 |