Oakland Chinatown Improvement Council
- Assets
- $536.9k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Oakland, CA
- Founding
- Data as of
- 12/2022
- EIN
- 87-2857332
Organization Overview
Oakland Chinatown Improvement Council is located in Oakland, CA. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oakland Chinatown Improvement Council 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, Oakland Chinatown Improvement Council generated $1.2m in total revenue. All expenses for the organization totaled $567.1k during the year ending 12/2022. While expenses have increased by 58.9% per year over the past 2 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO EMPOWER AND UNITE THE VIBRANT CHINATOWN COMMUNITY THROUGH SOCIAL, CULTURAL, AND ECONOMIC DEVELOPMENT, IMPROVING THE QUALITY OF LIFE FOR ALL RESIDENTS. WE ACHIEVE THIS BY PRESERVING HERITAGE, PROMOTING INCLUSIVITY, AND IMPLEMENTING INNOVATIVE PROGRAMS TO ADDRESS THE UNIQUE NEEDS AND ASPIRATIONS OF OUR DIVERSE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OCIC AS A COMMUNITY BENEFITS DISTRICT IS A LONG-TERM SOLUTION TO MAKE OUR COMMUNITY FEEL SAFE, CLEAN, AND WELCOMING AGAIN. OCIC IS CURRENTLY IN THE PROCESS OF ROLLING OUT ITS SPECIAL BENEFIT SERVICES TO PROVIDE SAFETY AND CLEANLINESS SERVES THROUGH AMBASSADORS AND SECURITY, GRAFFIBITY ABATEMENT, HELPING PROMOTE OUR CHINATOWN AND ITS SMALL BUSINESSES, MANAGING EVENTS AROUND OUR CULTURAL DISTRICT, HELPING OUR SMALL MOM AND POP SHOPS WITH SOCIAL MEDIA PRESENCE, COORDINATING THE MANY VOLUNTEER EFFORTS IN OAKLAND CHINATOWN, AND MORE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stewart Chen President & CEO | Trustee | 0 | $0 |
Kenneth Tang Secretary | Trustee | 0 | $0 |
Carol Liao Treasurer | Trustee | 0 | $0 |
Rick Da Silva Board Member | Trustee | 0 | $0 |
Kam Davies Board Member | Trustee | 0 | $0 |
Ann Fok Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,989 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,950 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,939 |
| Total Program Service Revenue | $1,123,400 |
| Investment income | $0 |
| 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 | $1,168,339 |
| 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 | $126,376 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,855 |
| Payroll taxes | $10,295 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,816 |
| Fees for services: Accounting | $6,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,009 |
| Advertising and promotion | $0 |
| Office expenses | $5,954 |
| 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 | $1,335 |
| Insurance | $6,997 |
| All other expenses | $60,605 |
| Total functional expenses | $567,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $521,993 |
| Savings and temporary cash investments | $0 |
| 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 | $14,919 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $536,912 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $536,912 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $536,912 |