Caipa Foundation Inc
- Assets
- $5.0m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 11
- Location
- New York, NY
- Founding
- 09/2008
- Data as of
- 12/2023
- EIN
- 26-2791755
Organization Overview
Caipa Foundation Inc is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Caipa Foundation Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caipa Foundation 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 12/2023, Caipa Foundation Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Caipa Foundation Inc has awarded 22 individual grants totaling $239,869. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE THE HEALTH OF CHINESE AMERICANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE THE HIGHEST QUALITY SERVICES TO SENIORS IN THE ASIAN-AMERICAN COMMUNITIES THROUGH SOCIAL DAY CARE CENTERS. MAKE SURE THAT SENIORS RECEIVE CULTURALLY SENSITIVE CARE AND SERVICES THAT WOULD OFFER THEM A SECURED, PEACEFUL AND BETTER QUALITY OF LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sun-Hoo Foo Chair/pres./dir./ceo | OfficerTrustee | 0.5 | $0 |
Jonathan Chang Director And VP | OfficerTrustee | 0.5 | $0 |
Felix Chu Dir./secr./treas. | OfficerTrustee | 0.5 | $0 |
Alice Lau Director | Trustee | 0.5 | $0 |
George Liu Director | Trustee | 0.5 | $0 |
Susan Lau Executive Director (outgoing) | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $361,950 |
| Related organizations | $0 |
| Government grants | $35,556 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,346,811 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,744,317 |
| Total Program Service Revenue | $187,619 |
| Investment income | $135,279 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $287,781 |
| Net Income from Fundraising Events | -$6,964 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,348,032 |
| 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 | $261,625 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,785 |
| Fees for services: Management | $120,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,200 |
| Advertising and promotion | $0 |
| Office expenses | $15,568 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $193,427 |
| Travel | $26,255 |
| 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 | $3,330 |
| Insurance | $68,118 |
| All other expenses | $3,044 |
| Total functional expenses | $1,019,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,151,514 |
| 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 | $44,089 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,801,618 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,997,221 |
| Accounts payable and accrued expenses | $1,547 |
| 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 | $0 |
| Other liabilities | $142,488 |
| Total liabilities | $144,035 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $4,853,186 |
| Total liabilities and net assets/fund balances | $4,997,221 |
Grants Awarded
Over the last fiscal year, Caipa Foundation Inc has awarded $239,869 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
MYANMAR AMERICAN MEDICAL EDUCATION SOCIETY INC PURPOSE: COVID-19 DISASTER RELIEF | $5,000 |
NYC HEALTH HOSPITALSLINCOLN PURPOSE: COVID-19 DISASTER RELIEF | $13,362 |
NYC HEALTH HOSPITALSCONEY ISLAND PURPOSE: COVID-19 DISASTER RELIEF | $9,796 |
NYC HEALTH HOSPITALSJACOBE PURPOSE: COVID-19 DISASTER RELIEF | $11,200 |
RICHMOND UNIVERSITY MEDICAL CENTER PURPOSE: COVID-19 DISASTER RELIEF | $9,715 |
BUDDHIST TZU CHI FOUNDATION PURPOSE: COVID-19 DISASTER RELIEF | $68,456 |