Cambridge Center For Chinese Culture Inc
- Assets
- $609.1k
- Revenue
- $316.6k
- Investments
- $0.0
- Employees
- 7
- Location
- Belmont, MA
- Founding
- 11/1992
- Data as of
- 12/2021
- EIN
- 22-3185688
Organization Overview
Cambridge Center For Chinese Culture Inc is located in Belmont, MA. The organization was established in 1992. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Cambridge Center For Chinese Culture Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cambridge Center For Chinese Culture 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 12/2021, Cambridge Center For Chinese Culture Inc generated $316.6k 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 (14.4%) each year. All expenses for the organization totaled $404.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.0%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CAMBRIDGE CENTER FOR CHINESE CULTURE (CCCC) IS A NON-PROFIT ORGANIZATION REGISTERED IN MASSACHUSETTS, USA, BY CHINESE SCHOLARS. IT AIMS AT PROMOTING CHINESE CULTURE, ADVANCE THE STATUS OF CHINESE-AMERICANS, AND PROMOTE US-CHINA. RELATIONS THROUGH CHINESE LANGUAGE EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESCHOOL PROGRAM: LITTLE WAGON, A BILINGUAL CHINESE ENGLISH MULTICULTURAL PRESCHOOL PROGRAM WAS ESTABLISHED IN 2005 THAT SERVED THE PUBLIC. IT PROVIDES AN OPPORTUNITY FOR YOUNG KIDS TO LEARN BOTH ENGILISH AND CHINESE, DANCE AND ARTS. ELEMENTARY & SECONDARY EDUCATION, GENERAL/OTHER: CCCC OFFERS AFTER SCHOOL WEEKEND AND SUMMER SCHOOL PROGRAMS FOR LOCAL COMMUNITY OVER TWO DECADES. THERE ARE ABOUT 1000 STUDENTS BENEFIT FROM THOSE PROGRAMS EACH YEAR. TOTAL 400 STUDENTS REGISTERED IN YEAR 2021. ADULT EDUCATION PROGRAM: CCCC HAS BEEN OFFERING THE CHINESE SENIOR STATION PROGRAM IN CCCC FACILITY WITH FREE CHARGE FOR CHINESE SENIOR COMMUNITY, THERE WERE MORE THAN 1,200 CHINESE SENIOR REGISTERED BY THE END OF 2021. THEY LEARNED ENGILISH AND AMERICAN CULTURE, COMPUTER AND OTHER SKILLS IN THE CHINESE SENIOR STATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yu Feng Director | Officer | 1 | $0 |
Gail Wiggins Secretary | Officer | 1 | $0 |
Zhengling Li Secretary | Officer | 1 | $0 |
Ruohong Li Officer | Officer | 1 | $0 |
Humin Ji President | Officer | 10 | $0 |
Shiping Zheng Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,550 |
| Related organizations | $0 |
| Government grants | $81,450 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,000 |
| Total Program Service Revenue | $233,469 |
| Investment income | $120 |
| 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 | $316,589 |
| 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 | $117,362 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,978 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $500 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,968 |
| Advertising and promotion | $0 |
| Office expenses | $19,140 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $80,000 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $1,215 |
| All other expenses | $150,039 |
| Total functional expenses | $404,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,228 |
| Savings and temporary cash investments | $480,914 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $609,142 |
| Accounts payable and accrued expenses | $8,797 |
| Grants payable | $0 |
| Deferred revenue | $20,726 |
| 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 | $3,900 |
| Total liabilities | $33,423 |
| Net assets without donor restrictions | $575,719 |
| 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 | $609,142 |
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