Taiwan Center Foundation Of Greater Los Angeles
- Assets
- $10.3m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 3
- Location
- Rosemead, CA
- Founding
- 09/1998
- Data as of
- 12/2022
- EIN
- 95-4679702
Organization Overview
Taiwan Center Foundation Of Greater Los Angeles is located in Rosemead, CA. The organization was established in 1998. 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. As of 12/2022, Taiwan Center Foundation Of Greater Los Angeles employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Taiwan Center Foundation Of Greater Los Angeles 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, Taiwan Center Foundation Of Greater Los Angeles generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 30.3% each year . All expenses for the organization totaled $403.7k during the year ending 12/2022. While expenses have increased by 2.0% per year over the past 8 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
*TO SUPPORT ACTIVITIES WHICH FOSTER PUBLIC KNOWLEDGE AND APPRECIATION OF TAIWANESE CULTURE AND HERITAGE. *TO SERVE AS A FORUM WHERE TAIWANESE AMERICANS OF SOUTHERN CALIFORNIA MAY VOICE CONCERNS OF MUTUAL INTEREST IN A CONCERTED AND COORDINATED EFFORT WITH ALLIED NON-PROFIT GROUPS AND WITH THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN A VARIETY OF CAPACITIES, THE FOUNDATION ACTED IN DIFFERENT ROLES OF THE FOLLOWING ACTIVITIES:1.EVENTS SPONSORED, PLANNED AND HELD SOLELY BY FOUNDATION INCLUDING FUND RAISING EVENTS, NEW YEAR BANQUETS, CHRISTMAS CHARITY ACTIVITIES, MISS TAIWANESE AMERICAN PAGEANT, AND ANNUAL MEETINGS; ALSO THE IMMEDIATE RESPONSE TO BRING AIDS FROM TAIWANESE AMERICANS TO EMERGENCY SITUATIONS THAT ARISE.2. EVENTS CO-SPONSORED BY THE FOUNDATION IN CONJUNCTION WITH OTHER ORGANIZATIONS INCLUDING CITIZENSHIP WORKSHOP, ENERGY SAVING EDUCATION FAIR, COMMUNITY VOLUNTEER SERVICE, VOTERS' REGISTRATION, AND U.S. CENSUS EDUCATION ETC.3. EVENTS COORDINATED BY THE FOUNDATION AND SPONSORED BY VARIOUS ORGANIZATIONS: SUCH AS THE TAIWANESE-AMERICAN HERITAGE WEEK CELEBRATIONS; THIS ANNUAL EVENT BRINGS OVER THOUSANDS OF PEOPLE TOGETHER TO ENJOY AND LEARN ABOUT TAIWANESE-AMERICAN CULTURE, ENHANCING THE HARMONIOUS RELATIONSHIP BETWEEN DIFFERENT ETHNICITY GROUPS IN AMERICA.4. THE FOUNDATION SPONSORS ACTIVITIES WHICH BRING PEOPLE TOGETHER REGULARLY FOR RECREATIONAL AND EDUCATION PURPOSES SUCH AS TAIWAN CENTER CHORUS, TAIWAN CENTER TABLE TENNIS TEAM, DANCING CLASSES FOR HEALTH AND SOCIAL PURPOSES, COMPUTER CLASSES, LANGUAGE CLASSES AND TAIWAN CENTER SOCIAL WORKER VOLUNTEERS GROUP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Wu Director | Trustee | 1 | $0 |
Paul Chen President | OfficerTrustee | 5 | $0 |
Emily Sung Director | Trustee | 1 | $0 |
Ben Ling Director | Trustee | 1 | $0 |
Hann Ping Wang Director | Trustee | 1 | $0 |
Wendy Yang Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $18,980 |
| Fundraising events | $25,807 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,610,590 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,655,377 |
| Total Program Service Revenue | $164,354 |
| Investment income | $48,582 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,495 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,414 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,907,163 |
| 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 | $74,785 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,721 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $987 |
| Advertising and promotion | $10,340 |
| Office expenses | $16,452 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,196 |
| 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 | $23,532 |
| Insurance | $13,959 |
| All other expenses | $68,478 |
| Total functional expenses | $403,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $554,681 |
| Savings and temporary cash investments | $5,675,366 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,030 |
| 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 | $8,900 |
| Net Land, buildings, and equipment | $1,422,568 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,665,787 |
| Total assets | $10,342,332 |
| 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 | $14,371 |
| Total liabilities | $14,371 |
| Net assets without donor restrictions | $10,195,842 |
| Net assets with donor restrictions | $132,119 |
| 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 | $10,342,332 |