American Chinese Culture And Education Foundation
- Assets
- $577.4k
- Revenue
- $129.5k
- Investments
- $0.0
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 12/2004
- Data as of
- 12/2022
- EIN
- 51-0514302
Organization Overview
American Chinese Culture And Education Foundation is located in San Diego, CA. The organization was established in 2004. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Chinese Culture And Education 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 12/2022, American Chinese Culture And Education Foundation generated $129.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $185.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 8 years. 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 ACCEF'S MISSION AND MOST SIGNIFICANT ACTIVITIES ARE TO REACH OUT TO MAINSTREAM SOCIETY AND OTHER CULTURE COMMUNITIES TO SHARE CHINESE CULTURE WITH PASSION; TO PROMOTE EDUCATION WITH PRINCIPLES AND CONVICTIONS; TO ENABLE CHILDREN AND OTHERS TO HAVE OPPORTUNITIES TO LEARN WITH LOVE; AND TO SPONSOR LESS-PRIVILEGED CHILDREN TO SCHOOL IN THE RURAL AREAS OF CHINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCEF CONTINUED TO SUPPORT THE LESS PRIVILEGED STUDENTS TO HAVE AN OPPORTUNITY TO SCHOOL. IN 2022, THE TOTAL APPROXIMATE 333 CHILDREN WITH MORE THAN TEN SCHOOL LOCATIONS WERE SPONSORED UNDER ACCEF ONE-TO-ONE RAINBOW PROGRAM. ACCEF CONTINUED TO FUND YUNNAN PROUD STUDENT PROGRAM THIS YEAR. IN ADDITION, ACCEF ASSISTED SCHOOLS TO IMPROVE LEARNING ENVIRONMENTS BY REPAIRING FACILITIES.
CULTURE EXCHANGE PROGRAM:ACCEF CONTINUED TO PROMOTE CULTURE TO AMERICAN AND CHINESE COMMUNITIES. ACCEF ORGANIZED OR ACTIVELY ATTENDED MANY COMMUNITY EVENTS, SUCH AS THANKSGIVING VIRTUAL CELEBRATION EVENT TO PROMOTE TRADITIONAL CULTURE TO THE COMMUNITY.
YOUTH CARE CLUB PROGRAM:ACCEF YOUTH CARE CLUB (YCC) CONTINOUSLY PROVIDED MEMBER CHILDREN OPPORTUNITIES TO PARTICIPATE THE COMMUNITY SERVICES AND HELD VARIOUS EVENTS DURING THE YEAR. ACCEF'S YCC HAS OVER 160 ACTIVE PARTICIPANT MEMBERS WITH APPROXIMATE 4000 HOURS FOR COMMUNITY SERVICES TO CONTRIBUTE TO THE SOCIETY AS GOOD CITIZENS DURING THE YEAR 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yonghuang Zeng Board Member | OfficerTrustee | 10 | $0 |
Jing Zhao Board Member | OfficerTrustee | 10 | $0 |
Lucy Xia Chairwoman Of The Board | OfficerTrustee | 10 | $0 |
Emma Wang Board Member & President | OfficerTrustee | 10 | $0 |
Jing Cai Board Member | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $200 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $129,243 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $129,443 |
| Total Program Service Revenue | $0 |
| Investment income | $88 |
| 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 | $129,531 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,658 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $100 |
| Advertising and promotion | $0 |
| Office expenses | $155 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $185,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,006 |
| Savings and temporary cash investments | $486,821 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,600 |
| Total assets | $577,427 |
| Accounts payable and accrued expenses | $900 |
| 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 | $900 |
| Net assets without donor restrictions | $140,200 |
| Net assets with donor restrictions | $436,327 |
| 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 | $577,427 |