Chinese Community Center Of Capital District Of New York Inc
- Assets
- $1.1m
- Revenue
- $260.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Latham, NY
- Founding
- 10/1973
- Data as of
- 06/2023
- EIN
- 23-7314940
Organization Overview
Chinese Community Center Of Capital District Of New York Inc is located in Latham, NY. The organization was established in 1973. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chinese Community Center Of Capital District Of New York 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 06/2023, Chinese Community Center Of Capital District Of New York Inc generated $260.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $178.0k during the year ending 06/2023. While expenses have increased by 0.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
1. PROMOTE THE LEARNING OF CHINESE LANGUAGE AND CULTURE. 2. PROVIDE AN INFORMATION NETWORK TO ITS MEMBERS LIVING IN THE CAPITAL DISTRICT. 3. FOSTER FRIENDSHIP AND UNITY WITH THE COMMUNITY AT LARGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. TO CELEBRATE OUR 50TH ANNIVERSARY, WE INVITED HONOREE AND DONORS FOR A CONCERT OF PEKING OPERA, TRADITIONAL CHININESE DANCES AND SONGS PERFORMED BY OUR STUDENTS AND COMMUNITY MEMBERS AT THE PROTOR THEATER.2. WE CELEBRATED THE ANNUAL LUNAR NEW YEAR EVENT AT SUNY PERFORMANCE ARTS CENTER. OVER 600 GUESTS AND 200 VOLUNTEES JOINED US ON THIS JOYOUS DAY. REPORTERS FROM THE PRESS AND TV STATIONS WERE PRESENT TO DOCUMENT THE EVENT. 3. OVER 500 PEOPLE CAME TO THE OUR ANNUAL PICNIC AT THE ELM AVENUE PARK, DELMAR. FREE FOOD AND DRINKS, GAMES AND ENTERTAINMENT FOR THE CHILDREN. IT WAS WONDERFUL TO MEET NEW FRIENDS AND RECONNECT WITH OLD ACQUINTANCES.
1. THE CHINESE SCHOOL RESUMMED IN-PERSON TEACHING. THE ENROLLMENT WAS 362 STUDENTS - UP 50% FROM PRIOR YEAR. IN ORDER TO ACCOMODATE THE INCREASE IN STUDENTS, WE HIRED MORE TEACHERS AND SUPPORT STAFF, AND ADDED MORE CLASSES. 2. THE BUILDING GENERATED REVENUE FROM RENTING THE SPACES TO THIRD PARTY ENTITIES FOR AFTER-SCHOOL PROGRAMS SUCH AS COMPUTER AND MATH CLASSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yongkai Mo Board Member | Trustee | 2 | $0 |
Yi Lei Vice Principal | Trustee | 4 | $0 |
Yunxiao Zhang Vice President | Trustee | 2 | $0 |
Anny Yin Board Member | Trustee | 2 | $0 |
Binglin Li Board Chair | Trustee | 4 | $0 |
Hui Jin Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,928 |
| Fundraising events | $10,500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $69,086 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,514 |
| Total Program Service Revenue | $165,174 |
| Investment income | $3,365 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $107 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $260,160 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $300 |
| 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 | $45,424 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $990 |
| Fees for services: Accounting | $3,488 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,423 |
| Advertising and promotion | $0 |
| Office expenses | $2,922 |
| Information technology | $3,486 |
| Royalties | $0 |
| Occupancy | $47,980 |
| Travel | $9,617 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $561 |
| Interest | $313 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,397 |
| Insurance | $5,856 |
| All other expenses | $3,948 |
| Total functional expenses | $177,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,422 |
| Savings and temporary cash investments | $540,549 |
| 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 | $356,249 |
| Investments—publicly traded securities | $96,267 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,125,487 |
| 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 | $1,125,487 |
| 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 | $1,125,487 |