Chinese Merchants Association
- Assets
- $2.3m
- Revenue
- -$1.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 11/1943
- Data as of
- 12/2022
- EIN
- 04-1175471
Organization Overview
Chinese Merchants Association is located in Boston, MA. The organization was established in 1943. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Chinese Merchants 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGING CULTURAL PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO GROUPS PROMOTING CHINESE CULTURE.
CHINESE CELEBRATIONS - PROMOTING CHINESE CULTURE AND HOSTING COMMUNITY EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Wong President | OfficerTrustee | 2 | $0 |
Peter Fai Man Eng Vice-President | OfficerTrustee | 1.5 | $0 |
Hung Goon Clerk | OfficerTrustee | 1.5 | $0 |
Paula Chan Treasurer | OfficerTrustee | 1.5 | $0 |
Herman Tang Director | Trustee | 1 | $0 |
Melvin Lee Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,335 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,244 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,579 |
| Total Program Service Revenue | $0 |
| Investment income | $48,525 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $274,124 |
| Net Gain/Loss on Asset Sales | -$327,967 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$1,739 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,950 |
| Grants and other assistance to domestic individuals. | $2,995 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,514 |
| Fees for services: Accounting | $2,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,595 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,390 |
| 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 | $43,468 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $111,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $634,854 |
| 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 | $1,243,932 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $335,425 |
| Intangible assets | $0 |
| Other assets | $133,825 |
| Total assets | $2,348,036 |
| 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 | $491,154 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $491,154 |
| 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 | $110,876 |
| Retained earnings, endowment, accumulated income, or other funds | $1,746,006 |
| Total liabilities and net assets/fund balances | $2,348,036 |
Grants Awarded
Over the last fiscal year, Chinese Merchants Association has awarded $16,840 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CHINATOWN BUSINESS ASSOCIATION | | | $3,640 |
AMEICAN LEGION OF CHINATOWN | | | $500 |
CHINESE GOLDEN AGE | | | $500 |
KWOK KOW CHINESE SCHOOL | | | $5,500 |
CHUNG WAH ACADEMY | | | $1,500 |
SOUTH COVE NURSING | | | $500 |