Tf Chen Cultural Center Inc
- Assets
- $5.0m
- Revenue
- $31.8k
- Investments
- $0.0
- Employees
- 1
- Location
- New York, NY
- Founding
- 02/1997
- Data as of
- 08/2017
- EIN
- 13-3932423
Organization Overview
Tf Chen Cultural Center Inc is located in New York, NY. The organization was established in 1997. According to its NTEE Classification (V33) the organization is classified as: Ethnic Studies, under the broad grouping of Social Science and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tf Chen Cultural Center Inc 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 08/2017, Tf Chen Cultural Center Inc generated $31.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (44.3%) each year. All expenses for the organization totaled $14.9k during the year ending 08/2017. As we would expect to see with falling revenues, expenses have declined by (54.7%) per year over the past 3 years. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE DR. T.F. CHENS VISION OF A GLOBAL NEW RENAISSANCE AND EAST-WEST CULTURAL EXCHANGE, ADVANCE ART EDUCATION AND A GLOBAL CULTURE OF PEACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUT ON ART EXHIBITS IN SHANGHAI AND NEW YORK, INTRODUCE THE EASTERN ART TO THE WEST, AND THE WEST ART TO THE EAST.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Chen Director | Trustee | 50 | $30,000 |
Lucia Chen Director | Trustee | 50 | $0 |
T F Chen Director | Trustee | 50 | $0 |
Raymond Medeiros Director | Trustee | 1 | $0 |
Ted Chen Director | Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,000 |
| Investment income | $1,244 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,798 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $70 |
| Office expenses | $702 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,621 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $14,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,725 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $788,010 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,084,170 |
| Total assets | $5,003,420 |
| Accounts payable and accrued expenses | $238,053 |
| 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 | $47,422 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $285,475 |
| Net assets without donor restrictions | $4,717,945 |
| 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 | $4,717,945 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association For Slavic East European And Eurasian Studies Inc Pittsburgh, PA | $4,551,892 | $948,464 |
James P Geiss And Margaret Y Hsu Foundation Inc Princeton, NJ | $5,642,806 | $1,635,355 |
Center For Cuban Studies Inc Brooklyn, NY | $446,947 | $219,311 |
Tf Chen Cultural Center Inc New York, NY | $5,003,420 | $31,798 |
Assyrian American Association Of Massachusetts Inc North Grafton, MA | $203,640 | $0 |
Kollel Ahavas Torah Lawrence, NY | $32,456 | $0 |