Chinese Cultural Foundation Inc
- Assets
- $143.4k
- Revenue
- $1.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 06/1992
- Data as of
- 12/2022
- EIN
- 65-0305725
Organization Overview
Chinese Cultural Foundation Inc is located in Miami, FL. The organization was established in 1992. 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 Cultural Foundation 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, Chinese Cultural Foundation Inc generated $1.4k 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 (36.1%) each year. All expenses for the organization totaled $6.0k 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
THE ORGANIZATION SPONSORS ACTIVITIES WHICH FOSTER THE APPRECIATION OF CHINESE CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SPONSORS A CHINESE NEW YEAR FESTIVAL FOR THE SOUTH MIAMI COMMUNITY. OVER 5,000 PEOPLE ATTEND THE EVENT EACH YEAR. HOWEVER, DUE TO TO THE COVID-19 CORONA VIRUS, THIS EVENT HAS BEEN CANCELED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Yap Director | Officer | 2 | $0 |
Xuejin Yu Director | Officer | 2 | $0 |
Neville Hoo Director | Officer | 2 | $0 |
Joan Fong Yee Treasurer | Officer | 2 | $0 |
Wilfred Lai Vice President | Officer | 2 | $0 |
Josephine Gordy Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $200 |
| Total Program Service Revenue | $0 |
| Investment income | $1,218 |
| 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 | $1,418 |
| 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 | $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 | $500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $5,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,078 |
| Savings and temporary cash investments | $126,371 |
| 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 | $0 |
| Total assets | $143,449 |
| 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 | $1,000 |
| Total liabilities | $1,000 |
| Net assets without donor restrictions | $0 |
| 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 | $142,449 |
| Total liabilities and net assets/fund balances | $143,449 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Chinese Cultural Foundation Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
G C Andersen Family Foundation Wantage, NJ PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shearim Corp Miami, FL | $110,292 | $3,846,481 |
New Era Culture & Education Center Inc Miramar, FL | $789,322 | $2,032,523 |
Latino Leadership Inc Orlando, FL | $711,924 | $1,637,613 |
Souls Grown Deep Community Partnership Inc Atlanta, GA | $880,696 | $744,221 |
National Black Arts Festival Inc Atlanta, GA | $1,026,989 | $1,260,210 |
Florida Education Association Altamonte Springs, FL | $560,283 | $488,881 |
Georgia Nihongo Gakko Inc Mableton, GA | $743,833 | $554,885 |
Kirby Family Farm Williston, FL | $5,815,422 | $492,608 |
Alliance Francaise Of Atlanta Inc Atlanta, GA | $569,418 | $608,131 |
Friends Of Goethe Inc Atlanta, GA | $351,250 | $557,862 |
Centro Cultural Espanol De Cooperacion Iberoamericana Inc Miami, FL | $443,362 | $551,333 |
Philippine Cultural Foundation Inc Tampa, FL | $1,277,183 | $484,563 |