Hmong American Center Inc
- Assets
- $581.1k
- Revenue
- $638.4k
- Investments
- $0.0
- Employees
- 32
- Location
- Wausau, WI
- Founding
- 02/1984
- Data as of
- 12/2022
- EIN
- 39-1459824
Organization Overview
Hmong American Center Inc is located in Wausau, WI. The organization was established in 1984. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. As of 12/2022, Hmong American Center Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hmong American Center 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, Hmong American Center Inc generated $638.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $1.0m during the year ending 12/2022. While expenses have increased by 28.9% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE HMONG AMERICAN CENTER, INC. IS A COMMUNITY THAT ENGAGES IN ECONOMIC, SOCIAL AND MULTI-CULTURAL DEVELOPMENT, SERVING AS AN EDUCATIONAL AND RESOURCE CENTER FOR ITS MEMBERS AND SURROUNDING COMMUNITIES THROUGH LEADERSHIP, COOPERATION AND COLLABORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOUL LOCK IS A VOLUNTEER PROGRAM UNDER THE HMONG AMERICAN CENTER INC. THAT HELPS INDIVIDUALS GAIN EXPERIENCES AND KNOWLEDGE IN LAW ENFORCEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Long Lor President | OfficerTrustee | 0.25 | $0 |
Nao Pao Moua Vice Preside | OfficerTrustee | 0.25 | $0 |
Vacant Secretary | Trustee | $0 | |
Bee Van Her Treasurer | OfficerTrustee | 0.25 | $0 |
Blong Moua Board Member | Trustee | 0.25 | $0 |
Deborah Xiong Board Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $351,332 |
| All other contributions, gifts, grants, and similar amounts not included above | $165,304 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $516,636 |
| Total Program Service Revenue | $58,308 |
| Investment income | $15 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,314 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $48,145 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $638,418 |
| 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 | $502,103 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $872 |
| Payroll taxes | $38,977 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,485 |
| Fees for services: Accounting | $6,478 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,805 |
| Advertising and promotion | $5,683 |
| Office expenses | $27,392 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,842 |
| Travel | $16,504 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,969 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,743 |
| All other expenses | $98,505 |
| Total functional expenses | $1,009,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,916 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,480 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $321,800 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $840 |
| Net Land, buildings, and equipment | $146,034 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $581,070 |
| Accounts payable and accrued expenses | $200 |
| Grants payable | $0 |
| Deferred revenue | $321,800 |
| 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 | $20,000 |
| Other liabilities | $139,752 |
| Total liabilities | $481,752 |
| Net assets without donor restrictions | $99,318 |
| 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 | $581,070 |