The Hong Kong Association Of Massachusetts Inc
- Assets
- $74.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Natick, MA
- Founding
- 06/2008
- Data as of
- 12/2021
- EIN
- 01-0900840
Organization Overview
The Hong Kong Association Of Massachusetts Inc is located in Natick, MA. The organization was established in 2008. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hong Kong Association Of Massachusetts Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Hong Kong Association Of Massachusetts Inc generated $13.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (60.5%) each year. All expenses for the organization totaled $1.1k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
THE HONG KONG ASSN. OF MA(HKAMA) WAS ORGANIZED TO PROMOTE, ADVANCE AND PROTECT COMMERCIAL RELATIONSHIP BETWEEN THE USA AND HONG KONG. THE ASSOCIATION HAS ASSISTED IN THE DEVELOPMENT AND PROMOTION OF TRADE AND INVESTMENT BETWEEN THE COUNTRIES BY WAY OF CONFERENCES AND MEETINGS. ADDITIONALLY, HKAMA SEEKS TO PROMORE GREATER AND LASTING RELATIONSHIP AMONG THE PEOPLE OF MASSACHUSETTS AND HONG KONG THROUGH EDUCATION AND BY SERVING AS A CONDUIT FOR IMPROVED CULTURAL AWARENESS AND UNDERSTANDING AND PLAYING AN ACTIVE ROLE IN ENCOURAGING AND SPONSORING CROSS-CULTURAL AND INTERPERSONAL EXCHANGES TO THE MUTUAL BENEFIT OF BOTH REGIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pauline Mak Treasurer | 1 | $0 | |
Johnny T N Ip President | 1 | $0 | |
Joe Chow Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $13 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $13 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $600 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $539 |
| Total expenses | $1,139 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $74,231 |
| Other assets | $0 |
| Total assets | $74,231 |
| Total liabilities | $0 |
| Net assets or fund balances | $74,231 |
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