Chinese American Association Of Minnesota
- Assets
- $1.5m
- Revenue
- $117.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Minneapolis, MN
- Founding
- 09/1968
- Data as of
- 12/2022
- EIN
- 41-0944910
Organization Overview
Chinese American Association Of Minnesota is located in Minneapolis, MN. The organization was established in 1968. 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, Chinese American Association Of Minnesota employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chinese American Association Of Minnesota 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, Chinese American Association Of Minnesota generated $117.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $324.0k during the year ending 12/2022. 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
PRESERVE CHINESE CULTURES WITH A CHINESE DANCE THEATER AND A CHINESE LANGUAGE SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED CHINESE DANCE THEATER WITH ABOUT 200 STUDENTS AND 20 CLASSES; CLASSES RUN THROUGHOUT THE WEEK; OUTREACH DANCES REACHED STUDENTS IN MANY LOCAL SCHOOLS; ALSO HELD PERFORMANCE PRODUCTIONS
OPERATED A CHINESE SCHOOL TEACHING CHINESE LANGUAGE WITH 180 STUDENTS IN 12 CLASSES; RAN SUMMER CAMPS
REWARDED SCHOLARSHIPS; CO SPONSORED DRAGON FESTIVAL; PROMOTED UNITY AND SOCIAL AND CULTURAL ACTIVITIES IN TWIN CITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lin Shu Treasurer | Trustee | 2 | $0 |
Ping Wang President | Trustee | 2 | $0 |
Yanhua Wusands Cdt Rep | Trustee | 2 | $0 |
Peter Li Vice President | OfficerTrustee | 2 | $0 |
Shi Peng Member | Officer | 2 | $0 |
Qiang Fang Member | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $110,349 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,349 |
| Total Program Service Revenue | $199,763 |
| Investment income | -$211,445 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $117,216 |
| 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 | $105,782 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,257 |
| Payroll taxes | $8,092 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,642 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,978 |
| Office expenses | $7,185 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,371 |
| Travel | $0 |
| 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 | $4,466 |
| Insurance | $3,999 |
| All other expenses | $55,434 |
| Total functional expenses | $324,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $692,078 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,485 |
| 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 | $32,937 |
| Investments—publicly traded securities | $770,341 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,284 |
| Total assets | $1,502,125 |
| Accounts payable and accrued expenses | $2,435 |
| Grants payable | $0 |
| Deferred revenue | $40,000 |
| 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 | $42,435 |
| Net assets without donor restrictions | $1,324,440 |
| Net assets with donor restrictions | $135,250 |
| 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 | $1,502,125 |