Kuo Min Tang
- Assets
- $909.6k
- Revenue
- $483.5k
- Investments
- $0.0
- Employees
- 5
- Location
- San Francisco, CA
- Founding
- 11/1953
- Data as of
- 12/2023
- EIN
- 94-0611452
Organization Overview
Kuo Min Tang is located in San Francisco, CA. The organization was established in 1953. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Kuo Min Tang employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kuo Min Tang is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Kuo Min Tang generated $483.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $541.4k during the year ending 12/2023. While expenses have increased by 9.8% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND MAINTAIN CHINESE HERITAGE IN THE CHINESE AMERICAN COMMUNITY THROUGH TEACHING CHINESE LANGUAGE AND SUPPORTING COMMUNITY FESTIVALS AND EVENTS WHICH PROMOTE CHINESE HERITAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED AND IMPLEMENTED VARIOUS COMMUNITY ACTIVITIES AND CONFERENCES TO FOSTER AND MAINTAIN CHINESE CULTURAL HERITAGE IN THE CHINESE AMERICAN COMMUNITY. ACTIVITIES INCLUDED A PROGRAM TO CELEBRATE THE ANNUAL SPRING FESTIVAL WHICH INCLUDED A BANQUET AND ENTERTAINMENT AND WAS ATTENDED BY OVER 600 PARTICIPANTS SPONSORED PROGRAM TO CELEBRATE THE YOUTH FESTIVAL CELEBRATED DOUBLE TEN NATIONAL DAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ping Yin Chiu Secretary | Officer | 2 | $24,000 |
Steven Yang Treasurer | Officer | 2 | $14,400 |
Charles Chow President | 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 | $291,095 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $291,095 |
| Total Program Service Revenue | $0 |
| Investment income | $3,558 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $188,810 |
| 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 | $483,463 |
| 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. | $38,400 |
| Compensation of current officers, directors, key employees. | $38,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,187 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,265 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,299 |
| Office expenses | $18,291 |
| 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 | $193,865 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46 |
| Insurance | $925 |
| All other expenses | $0 |
| Total functional expenses | $541,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,519 |
| Savings and temporary cash investments | $523,706 |
| 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 | $250,421 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $909,646 |
| 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 | $22,276 |
| Total liabilities | $22,276 |
| 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 | $887,370 |
| Total liabilities and net assets/fund balances | $909,646 |