Chinese Family Camp Inc
- Assets
- $208.0k
- Revenue
- $55.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 10/2008
- Data as of
- 12/2022
- EIN
- 26-1268264
Organization Overview
Chinese Family Camp Inc is located in Chicago, IL. The organization was established in 2008. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chinese Family Camp 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 12/2022, Chinese Family Camp Inc generated $55.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $31.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR OVER 60 YEARS, TAXPAYER HAS SPONSORED A WEEK-LONG CHINESE FAMILY CAMP CELEBRATINHG CHINESE AMERICAN EDUCATION, HERITAGE, CULTURE AND VALUES. TAXPAYER PAID A DEPOSIT, BUT BECAUSE OF COVID, CAMP WAS HELD VIA ZOOM. SEE WWW.CHINESEFAMILYCAMP.ORG FOR MORE INFORMATION.
CHINESE FAMILY CAMP IS CURRENTLY A SECTION 501(C)(3) ORGANIZATION AND PRIVATE FOUNDATION. WE RECEIVED A LETTER DATED 8/29/2022 AGREEING THAT, BASED ON OUR PROPOSED ACTIVITIES AND SUPPORT, WE CAN TERMINATE OUR PRIVATE FOUNDATION STATUS AND WILL BE TREATED AS A PUBLIC CHARITY DURING THE 60-MONTH ADVANCE RULING PERIOD ENDING 12/31/26.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elysa Chao President Treasurer | 1 | $0 | |
Jenille Boston Vice-President | 1 | $0 | |
Lawrence Wang Camp Director | 1 | $0 | |
Allen Yang Secretary Treasurer | 1 | $0 | |
Frank Chao Director-At Large | 1 | $0 | |
Anna Nielsen Director-At Large | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $19,331 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,901 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $23,112 |
| Total Revenue | $55,344 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,492 |
| Total operating and administrative expenses | $31,492 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $31,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,000 |
| Savings and temporary cash investments | $187,952 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $207,952 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |