Museum Of Chinese In The America
- Assets
- $12.0m
- Revenue
- $14.6m
- Investments
- $0.0
- Employees
- 44
- Location
- New York, NY
- Founding
- 11/1982
- Data as of
- 12/2020
- EIN
- 11-2517055
Organization Overview
Museum Of Chinese In The America is located in New York, NY. The organization was established in 1982. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Museum Of Chinese In The America employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Museum Of Chinese In The America 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 12/2020, Museum Of Chinese In The America generated $14.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 38.8% each year . All expenses for the organization totaled $4.3m during the year ending 12/2020. While expenses have increased by 4.1% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MUSEUM OF CHINESE IN AMERICA AIMS TO ENGAGE AUDIENCES IN AN ONGOING AND HISTORICAL DIALOGUE, IN WHICH PEOPLE OF ALL BACKGROUNDS ARE ABLE TO SEE AMERICAN HISTORY THROUGH A CRITICAL PERSPECTIVE, TO REFLECT ON THEIR OWN EXPERIENCES, AND TO MAKE MEANINGFUL CONNECTIONS BETWEEN: THE PAST AND THE PRESENT, THE GLOBAL AND THE LOCAL, THEMSELVES AND OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PRESERVE AND INTERPRET THE HISTORY AND CULTURE OF CHINESE AND THEIR DESCENDANTS IN THE UNITED STATES. RESEARCH AND DISSEMINATE HISTORICAL AND CURRENT INFORMATION AND MATERIALS REGARDING THE COMMUNITY HERITAGE. INCLUDED IN ITS PROGRAMS IS THE DIGITAL MOCA PROJECT, A NATIONAL ONLINE DESTINATION FOR PEOPLE TO EXPLORE, CONNECT WITH AND LEARN ABOUT THE CULTURE AND EXPERIENCES OF THE CHINESE IN AMERICA FROM ANYWHERE IN THE WORLD. AT THE HEART OF THIS PURELY ONLINE EXPERIENCE WILL BE A REPOSITORY THAT WILL COLLECT, DOCUMENT AND PRESENT CHINESE AMERICAN STORIES FROM AROUND THE NATION, INCLUDING TEXT, IMAGES AND MULTIMEDIA--AND INCORPORATE THEM INTO MOCA'S COLLECTIONS. IT WILL CREATE A VIBRANT ONLINE COMMUNITY THAT ALSO REDEFINES THE NATURE AND CAPACITY OF A CULTURAL HISTORY MUSEUM AS A CENTER FOR PRESERVING HUMAN STORIES, NOT JUST OBJECTS.MOCA MAINTAINS A RIGOROUS CURRENT EXHIBITS SCHEDULE WITH TWO NEW EXHIBITS EACH YEAR AS WELL AS MAINTENANCE OF A GROWING EXHIBIT CALLED "WITH A SINGLE STEP". MOCA HOSTS OVER 200 PROGRAMS EACH YEAR INCLUDING EVENTS AND CONFERENCES ON GENEALOGY, BOOK TALKS, TEACHER EDUCATION, CHINESE AMERICAN HISTORY, AND ASIAN AMERICAN ARTS DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Yao Maasbach President | Officer | 40 | $303,215 |
Sari Sharaby Chief Financial Officer | Officer | 40 | $123,346 |
Eric T Lee Co-Chair | OfficerTrustee | 2 | $0 |
Jonathan Chu Co-Chair | OfficerTrustee | 8 | $0 |
Stanley R Chiu Co Vice-Chair/assistant Tr | OfficerTrustee | 2 | $0 |
Christina Ho Co Vice-Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,765,559 |
| Investment income | $1,118 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,483 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,241 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,599,749 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $1,217,995 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $80,255 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $176,672 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,177,396 |
| Travel | $5,428 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,293 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $548,071 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,252,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,663,868 |
| Pledges and grants receivable | $2,920,386 |
| Accounts receivable, net | $413,757 |
| 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 | $50,103 |
| Investments—publicly traded securities | $22,083 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $156,559 |
| Total assets | $11,986,346 |
| Accounts payable and accrued expenses | $228,123 |
| Grants payable | $0 |
| Deferred revenue | $43,449 |
| 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 | $9,590 |
| Total liabilities | $281,162 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $11,705,184 |
Grants Recieved
Over the last fiscal year, we have identified 25 grants that Museum Of Chinese In The America has recieved totaling $3,672,543.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $1,459,800 |
Bloomberg Family Foundation Inc New York, NY PURPOSE: CAPITAL PROJECT | $500,000 |
Bloomberg Family Foundation Inc New York, NY PURPOSE: CAPITAL PROJECT | $400,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ARTS AND CULTURE | $393,641 |
Chu Family Foundation New York, NY PURPOSE: TO TELLING THE UNTOLD STORIES OF THE MAKING OF AMERICA THROUGH THE LENS OF THE CHINESE AMERICAN EXPERIENCE. | $203,200 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Arts & Culture | $150,000 |
Endowment Analysis
| Beg. Balance | $120,000 |
| Ending Balance | $120,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mystic Seaport Museum Inc Mystic, CT | $122,267,932 | $26,794,983 |
The Paley Center For Media New York, NY | $149,800,581 | $16,736,827 |
Stone Barns Restoration Corp Pocantico Hills, NY | $107,933,883 | $7,964,721 |
Margaret Woodbury Strong Museum Rochester, NY | $223,670,725 | $24,556,351 |
Newark Museum Association Newark, NJ | $64,370,892 | $11,736,749 |
Brandywine Conservancy & Museum Of Art Chadds Ford, PA | $159,611,083 | $25,949,606 |
The Studio Museum In Harlem New York, NY | $153,708,532 | $40,471,884 |
The Maritime Aquarium At Norwalk Inc South Norwalk, CT | $19,089,489 | $11,308,442 |
George Eastman Museum Rochester, NY | $59,825,841 | $12,306,953 |
Naismith Memorial Basketball Hall Of Fame Inc 1150 West Columbus Ave Springfield, MA | $33,159,743 | $5,379,532 |
Weitzman National Museum Of American Jewish History Philadelphia, PA | $28,897,470 | -$14,023,866 |
National Museum Of Mathematics New York, NY | $42,218,242 | $9,885,068 |