Diamond Bar Chinese Association
- Assets
- $244.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Diamond Bar, CA
- Founding
- 10/1998
- Data as of
- 06/2024
- EIN
- 95-4314650
Organization Overview
Diamond Bar Chinese Association is located in Diamond Bar, CA. The organization was established in 1998. According to its NTEE Classification (I03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Diamond Bar Chinese Association 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 06/2024, Diamond Bar Chinese Association generated $198.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 29.8% each year . All expenses for the organization totaled $118.2k during the year ending 06/2024. While expenses have increased by 1.3% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
SEE ATTACHED SCHEDULE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Lee Secretary | 15 | $0 | |
Allen Ku CEO | 15 | $0 | |
Therina Lin CFO | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $196,190 |
| Membership dues | $0 |
| Investment income | $2,067 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $198,257 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $63,191 |
| Professional fees and other payments to independent contractors | $630 |
| Occupancy, rent, utilities, and maintenance | $25,542 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $28,822 |
| Total expenses | $118,185 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $244,555 |
| Other assets | $0 |
| Total assets | $244,555 |
| Total liabilities | $0 |
| Net assets or fund balances | $244,555 |