Kwong Kow Chinese School
- Assets
- $5.8m
- Revenue
- $1.5m
- Investments
- $547.6k
- Employees
- 43
- Location
- Boston, MA
- Founding
- 12/1981
- Data as of
- 08/2023
- EIN
- 04-2720327
Organization Overview
Kwong Kow Chinese School is located in Boston, MA. The organization was established in 1981. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 08/2023, Kwong Kow Chinese School employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kwong Kow Chinese School 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 08/2023, Kwong Kow Chinese School generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $1.2m during the year ending 08/2023. While expenses have increased by 2.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RESPOND TO THE EXPRESSED NEEDS OF THE BOSTON CHINATOWN COMMUNITY TO PROVIDE CHILDREN WITH KNOWLEDGE OF THE CHINESE LANGUAGE AND CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KWONG KOW CHINESE SCHOOL'S MISSION IS TO DISSEMINATE CHINESE LANGUAGE AND CULTURE TO CHINESE AND NON-CHINESE LEARNERS THROUGH FORMAL AND INFORMAL LEARNING OPPORTUNITIES. THE SCHOOL REALIZES ITS MISSION BY:-DELIVERING CHINESE LANGUAGE AND CULTURAL PROGRAMS THAT CAPTURE THE INTEREST OF EARLY CHILDHOOD, YOUTH AND ADULT LEARNERS.-PROMOTING CULTURAL PRIDE AND IDENTITY FOR STUDENTS OF CHINESE DESCENT WHILE HELPING THEM BECOME CONTRIBUTING MEMBERS OF SOCIETY.-ENCOURAGING HUMAN UNDERSTANDING FROMA LOCAL TO GLOBAL PERSPECTIVE THROGH EXPOSURE TO CHINESE CUTURE AND CHINESE AS A SECOND LANGUAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Chan Director | Trustee | 1 | $0 |
Stephen Chan Treasurer & Director | OfficerTrustee | 3 | $0 |
David Chin Director | Trustee | 1 | $0 |
Frank Chin Director | Trustee | 1 | $0 |
William D Chin Director | Trustee | 1 | $0 |
Lily Chu Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $94,001 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $587,417 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $681,418 |
| Total Program Service Revenue | $800,125 |
| Investment income | $66,556 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,714 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$23,076 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,533,737 |
| 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 | $689,518 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $49,880 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,190 |
| Fees for services: Accounting | $15,542 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,351 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,763 |
| Office expenses | $33,877 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,395 |
| 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 | $107,910 |
| Insurance | $13,305 |
| All other expenses | $778 |
| Total functional expenses | $1,181,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,884 |
| 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 | $8,827 |
| Net Land, buildings, and equipment | $3,417,422 |
| Investments—publicly traded securities | $1,551,159 |
| Investments—other securities | $547,631 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,770,923 |
| Accounts payable and accrued expenses | $41,163 |
| 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 | $125,000 |
| Other liabilities | $0 |
| Total liabilities | $166,163 |
| Net assets without donor restrictions | $5,604,760 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $5,770,923 |