Taiwanese American Foundation
- Assets
- $2.1m
- Revenue
- $291.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Alhambra, CA
- Founding
- 08/1974
- Data as of
- 12/2021
- EIN
- 23-7294877
Organization Overview
Taiwanese American Foundation is located in Alhambra, CA. The organization was established in 1974. According to its NTEE Classification (Y30) the organization is classified as: Pension & Retirement Funds, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Taiwanese American 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, Taiwanese American Foundation generated $291.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $226.4k during the year ending 12/2021. While expenses have increased by 6.1% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER PERSONAL GROWTH AND DEVELOPMENT OF SERVANT LEADERS IN THE TAIWANESE-AMERICAN COMMUNITY FOR THE BENEFIT OF SOCIETY THROUGH THE ORGANIZATION OF AN ANNUAL SUMMER CAMP FOR OVER 250 YOUTH IN GRADES K-12 AS WELL AS PROVIDING MENTORING OPPORTUNITIES FOR COLLEGE AND YOUNG PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZED WEEK LONG SUMMER CAMP FOR OVER 250 YOUTH IN GRADES K-12 AND SPEAKERS AND VOLUNTEER STAFF AS WELL AS HOSTING OVER 150 PARENTS DURING THE FINAL WEEKEND OF THE CAMP. THE SUMMER CAMP HAS BEEN HELD AT MANCHESTER UNIVERSITY LOCATED IN NORTH MANCHESTER, IN OVER THE PAST 20 YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hochie Tsai President | Officer | 2 | $0 |
Dan Lu Secretary | Officer | 1 | $0 |
Nick Huang Legal Counsel | Officer | 1 | $0 |
Kevin Yau Treasurer | Officer | 1 | $0 |
Dave Chiou Director | Trustee | 1 | $0 |
Tim Huang Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $18,780 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,062 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,842 |
| Total Program Service Revenue | $105,324 |
| Investment income | $87,315 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,761 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $291,242 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| 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 | $8,400 |
| Fees for services: Legal | $30,456 |
| Fees for services: Accounting | $4,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,013 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25 |
| Office expenses | $6,259 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $31,382 |
| 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 | $0 |
| Insurance | $1,818 |
| All other expenses | $115,279 |
| Total functional expenses | $226,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,297 |
| Savings and temporary cash investments | $562,960 |
| 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 | $0 |
| Investments—publicly traded securities | $1,512,395 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,101,652 |
| 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 | $2,101,652 |
| 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 | $2,101,652 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Taiwanese American Foundation has recieved totaling $21,942.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $20,550 |
Allstate Foundation Northbrook, IL PURPOSE: EMPLOYEE HELPING HANDS GRANT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $392 |
Endowment Analysis
| Beg. Balance | $1,097,674 |
| Ending Balance | $1,097,674 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mmm West Inc San Francisco, CA | $104,907,723 | $6,366,283 |
Tmt Lloyd Retail Inc San Francisco, CA | $43,340,937 | $3,188,133 |
Tmt Potomac Industrial Center Inc San Francisco, CA | $30,115,951 | $2,219,711 |
Larkspur Landing 100 Corp San Mateo, CA | $9,294,811 | $738,018 |
Kaiser Steel Retirees Benefit Tr Fontana, CA | $1,844,678 | $79,166 |
Medical Staff Of San Antonio Regional Hospital Upland, CA | $189,338 | $240,692 |
Taiwanese American Foundation Alhambra, CA | $2,101,652 | $291,242 |
Cptfnc Funding Corporation Los Angeles, CA | $24,678,561 | $1,171,898 |
Horse Rescue Relief And Retirement Fund Inc Fairfield, CA | $14,034 | $75,000 |
Cypress Distribution Center Inc San Francisco, CA | $0 | $0 |