Chinese American Community Center Inc
- Assets
- $3.3m
- Revenue
- $1.1m
- Investments
- $6.5k
- Employees
- 27
- Location
- Hockessin, DE
- Founding
- 04/1984
- Data as of
- 08/2023
- EIN
- 51-0269361
Organization Overview
Chinese American Community Center Inc is located in Hockessin, DE. The organization was established in 1984. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 08/2023, Chinese American Community Center Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chinese American Community 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 08/2023, Chinese American Community Center Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.0m during the year ending 08/2023. While expenses have increased by 2.3% 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
TO PROMOTE THE EXCHANGE AND INTEGRATION OF CHINESE AND AMERICAN CULTURES THROUGH CULTURAL AND EDUCATIONAL PROGRAMS AND EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTESSORI PRESCHOOL AND CHILD CARE CENTER
CULTURAL AND RECREATIONAL EVENTS CENTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kf Lin Director | Trustee | 5 | $0 |
Hsin-Wen Lee Secretary | OfficerTrustee | 5 | $0 |
Fancia Tang Chair | OfficerTrustee | 5 | $0 |
David Huang Director | Trustee | 5 | $0 |
Jia-Ni Chu Director | OfficerTrustee | 5 | $0 |
Yiqiang Zhao Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,059 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,790 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,649 |
| Total Program Service Revenue | $1,003,636 |
| Investment income | $17,329 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,566 |
| 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 | $1,105,180 |
| 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 | $510,036 |
| Pension plan accruals and contributions | $26,974 |
| Other employee benefits | $0 |
| Payroll taxes | $35,560 |
| Fees for services: Management | $35,093 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,793 |
| Office expenses | $11,034 |
| Information technology | $9,829 |
| Royalties | $0 |
| Occupancy | $116,420 |
| 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 | $28,487 |
| Insurance | $30,403 |
| All other expenses | $20,841 |
| Total functional expenses | $1,046,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,826,028 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,744 |
| 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 | $4,578 |
| Net Land, buildings, and equipment | $236,883 |
| Investments—publicly traded securities | $209,968 |
| Investments—other securities | $6,509 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,318,710 |
| Accounts payable and accrued expenses | $173,833 |
| Grants payable | $0 |
| Deferred revenue | $576,859 |
| 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 | $3,050 |
| Total liabilities | $753,742 |
| Net assets without donor restrictions | $2,193,766 |
| Net assets with donor restrictions | $371,202 |
| 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 | $3,318,710 |