Monte Jade Science & Technology Association
- Assets
- $271.5k
- Revenue
- $65.2k
- Investments
- $0.0
- Employees
- 1
- Location
- San Jose, CA
- Founding
- 06/1991
- Data as of
- 12/2021
- EIN
- 77-0244507
Organization Overview
Monte Jade Science & Technology Association is located in San Jose, CA. The organization was established in 1991. According to its NTEE Classification (V30) the organization is classified as: Interdisciplinary Research, under the broad grouping of Social Science and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monte Jade Science & Technology Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Monte Jade Science & Technology Association generated $65.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $30.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.7%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PPROMOTE COOPERATION AND MUTUAL FLOW OF TECHNOLOGY AND INVESTMENT BETWEEN THE TWO SIDES OF THE PACIFIC AND TO PROVIDE AN OPPORTUNITY FOR PROFESSIONALS AND CORPORATIONS ON BOTH SIDES OF THE PACIFIC TO NETWORK AND SHARE VALUABLE EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VIRTUAL PERIODIC MEETINGS, CONFERENCES, AND SEMINARS WHERE DISTINGUISHED GUEST SPEAKERS ARE INVITED TO THE MEETING VIRTUALLY. THE MEETINGS ENCOURAGE AND PROMOTE NETWORKING AMONG THE MEMBERS.SPECIAL TOPIC SEMINARS THAT ARE PUT ON IN COOPERATION WITH OTHER PROFESSIONAL ORGANIZATIONS.THIS ASSOCIATION HAS A SPECIAL COMMITTEE OF BOARD OF DIRECTORS THAT OFFERS ASSISTANCE TO MEMBERS WHO ARE ENTREPRENEURS REGARDING CORPORATE FORMATION, GROWTH AND DEVELEPMENT.THE ASSOCIATION HAS REGULAR PUBLICATIONS TO PROMOTE, PROGRAM SERVICE ACCOMPLISHMENTS: BETTER NETWORKING AMONG MEMBERS AND TO PROVIDE THE LATEST TRENDS IN THE HIGH-TECH INDUSTRY. THE MENTORSHIP PROGRAM PAIRS ASIAN AMERICAN EXECUTIVES WITH A SMALL GROUP OF MENTEES FOCUSES ON HELPING ACCELERATE CAREER GROWTH THROUGH THE SHARING OF EXPERIENCE AND FRAMEWORKS OF THINKING. THIS PROGRAM AIMS TO GROW ASIAN AMERICAN PROFESSIONALS TO BECOME STRONG LEADERS IN THE FAST CHANGING ECOSYSTEM IN SILICON VALLEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Hsieh Chairman | OfficerTrustee | 10 | $0 |
Wen-Fang Liu CFO | OfficerTrustee | 2 | $0 |
Nana Tseng Board Member | Trustee | 2 | $0 |
Tze Yeoh Vice Chairman | Trustee | 2 | $0 |
David Jeng Secretary | Trustee | 2 | $0 |
T J Lin Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,000 |
| 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 | $15,000 |
| Total Program Service Revenue | $50,170 |
| Investment income | $11 |
| 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 | $65,181 |
| 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 | $18,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,664 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,016 |
| Office expenses | $2,555 |
| 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 | $30,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,016 |
| Savings and temporary cash investments | $38,471 |
| 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 | $271,487 |
| 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 | $15,000 |
| Total liabilities | $15,000 |
| 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 | $256,487 |
| Total liabilities and net assets/fund balances | $271,487 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Monte Jade Science & Technology Association has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Coalition Of Asian Americanbusiness Organization Washington, DC PURPOSE: PROMOTE COOPERATION & INVESTMT WITH ASIA | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Orange County Academy Of Sciences And Arts Inc Laguna Niguel, CA | $1,438,723 | $5,501,534 |
Alliance Marc And Eva Stern Math And Science School Los Angeles, CA | $0 | $4,429,895 |
Out & Equal Oakland, CA | $8,984,112 | $7,499,451 |
Molina Family Foundation Los Alamitos, CA | $11,097,712 | $2,805,910 |
Community Action Partnership Of Oregon Salem, OR | $988,091 | $3,740,402 |
Casss Emeryville, CA | $5,168,168 | $2,514,435 |
Academy Of Interactive Arts And Sciences Los Angeles, CA | $1,887,440 | $2,883,682 |
California Institute For Rural Studies Inc Santa Cruz, CA | $626,464 | $739,339 |
California Weed Science Society West Sacramento, CA | $376,929 | $154,751 |
Association For Women In Science Inc San Diego, CA | $24,310 | $0 |
First Chinese School Arcadia, CA | $34,371 | $0 |
Monte Jade Science & Technology Association San Jose, CA | $271,487 | $65,181 |