New Legacy Cultural Center Inc
- Assets
- $10.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, MA
- Founding
- 02/2019
- Data as of
- 06/2022
- EIN
- 83-0930022
Organization Overview
New Legacy Cultural Center Inc is located in Lexington, MA. The organization was established in 2019. 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. New Legacy Cultural 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 06/2022, New Legacy Cultural Center Inc generated $23.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (23.9%) each year. All expenses for the organization totaled $25.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (22.6%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ting Fang President | 20 | $0 | |
Jing Wang Treasurer | 10 | $0 | |
Omar Khudari Vice President | 10 | $0 | |
Lei Zhu Clerk | 10 | $0 | |
Hong Zhang Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,872 |
| Total Program Service Revenue | $11,805 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $23,677 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $15,836 |
| Professional fees and other payments to independent contractors | $5,462 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,096 |
| Total expenses | $25,204 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $10,039 |
| Other assets | $0 |
| Total assets | $10,269 |
| Total liabilities | $230 |
| Net assets or fund balances | $10,039 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Legacy Cultural Center Inc has recieved totaling $12.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
French Institute-Alliance Francaise New York, NY | $24,965,114 | $8,095,199 |
Center For Jewish History Inc New York, NY | $52,466,984 | $9,804,079 |
National Yiddish Book Center Inc Amherst, MA | $63,979,400 | $12,290,218 |
Hispanic Society Of America New York, NY | $100,790,486 | $5,124,176 |
Columbus Citizens Foundation Inc New York, NY | $32,932,983 | $6,043,809 |
Swiss Institute New York, NY | $5,483,468 | $4,486,430 |
The Workmens Circle Arbeter Ring Incorporated New York, NY | $40,155,204 | $3,248,855 |
An Claidheamh Soluis Inc New York, NY | $72,072,476 | $13,153,865 |
Circle Lodge-Camp Kinder Ring Of The Workmens Circle Incorporated Hopewell Junction, NY | $6,012,413 | $4,542,835 |
Tibet House Inc New York, NY | $7,378,902 | $3,678,339 |
Spanish Speaking Elderly Council - Raices Inc Brooklyn, NY | $947,855 | $3,320,048 |
English Speaking Union Of The United States New York, NY | $30,832,644 | $4,010,219 |