Oakland Chinatown Chamber Foundation
- Assets
- $152.0k
- Revenue
- $419.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Oakland, CA
- Founding
- 02/2003
- Data as of
- 12/2022
- EIN
- 37-1433643
Organization Overview
Oakland Chinatown Chamber Foundation is located in Oakland, CA. The organization was established in 2003. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oakland Chinatown Chamber Foundation 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, Oakland Chinatown Chamber Foundation generated $419.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 65.7% each year . All expenses for the organization totaled $482.6k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE OAKLAND CHINATOWN CHAMBER FOUNDATION (OCC FOUNDATION) WAS FORMED IN 2003 AS A 501C3 CHARITABLE ORGANIZATION TO ACCEPT DONATIONS TOWARDS PROJECTS THAT WILL BENEFIT THE WELFARE OF BUSINESS ENTITIES AND RESIDENTS IN THE OAKLAND CHINATOWN COMMUNITY THROUGH EDUCATIONAL AND CULTURAL ENRICHMENT ACTIVITIES, AS WELL AS ECONOMIC DEVELOPMENT ENDEAVORS. OCCF FACILITATES THE COLLECTION OF DONATIONS FROM BUSINESSES AND INVIDIDUALS TO BENEFIT THE COMMUNITY IN TIME OF EMERGENCIES AND CASUALTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JASPER WU WAS TWO WHEN HE WAS ASLEEP IN THE BACK OF HIS PARENTS' CAR AND WAS HIT AND DIED FROM A STRAY BULLET. OCCF SET UP A GOFUNDME PAGE TO HELP HIS GRIEVING PARENTS. THE CAMPAIGN RAISED $249,779 FROM INDIVIDUAL DONORS WHO WANTED TO SHOW SUPPORT FOR THE FAMILY.
OCCF RECEIVED THE FOLLOWING GRANTS TOTALLING $99,250 ON BEHALF OF THE OAKLAND CHINATOWN CHAMBER OF COMMERCE AND DISBURSED THE GRANTS DIRECTLY TO THE CHAMBER AS DIRECTED BY THE CORPORATE DONORS:WELLS FARGO BANK $50,000PG&E FOUNDATION 38,750CRANKSTART VIA SF FOUNDATION 10,000ALLSTATE FOUNDATION 500
IN ADDITION, OCCF DISTRIBUTED THE FOLLOWING GRANTS/FUNDS OF $73,234$11,250 OAKLAND CHINATOWN CHAMBER OF COMMERCE IN RECOGNITION OF ADMINSTRATIVE SUPPORT TO THE OCCT & BANQUET TICKET SALES$ 889 PURCHASED WALKER FOR JAIME CHU AND PROVIDED INCIDENTAL MEDICAL EXPENSES, ANTI-HATE VICTIM WHO LOST HIS FRONT TEETH $ 3,776 FUNDS RAISED ON BEHALF OF THE BLUE ANGELS, A VOLUNTEER PATROL GROUP IN OAKLAND CHINATOWN$ 410 NATIONAL CRIME PREVENTION COUNCIL FOR HOSTING NEIGHBORHOOD MEETINGS $38,909 INSTALLATION OF CAMERA UPGRADES$18,000 SERVICE TO POWERWASH STREETS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Chan President | OfficerTrustee | 2 | $0 |
Nancy Lee Vice President | OfficerTrustee | 0.25 | $0 |
Sugiarto Loni Secretary | OfficerTrustee | 0.25 | $0 |
Arlene Lum Treasurer | OfficerTrustee | 3 | $0 |
Francis Lan Director | Trustee | 0.5 | $0 |
Albert Wong Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $178,208 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $178,208 |
| Total Program Service Revenue | $0 |
| Investment income | $275 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $241,091 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $419,574 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $182,186 |
| Grants and other assistance to domestic individuals. | $241,980 |
| 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 | $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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,034 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $482,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152,031 |
| 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 | $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 | $152,031 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $152,031 |
| 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 | $152,031 |
Grants Awarded
Over the last fiscal year, Oakland Chinatown Chamber Foundation has awarded $80,481 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BLUE ANGELS PATROL GROUP PURPOSE: PURCHASE EQUIP FOR VOLUNTEER | $15,025 |
FUTURE-SUPERSTAR PURPOSE: CONTRIBUTE TO CAARF | $5,890 |
KANSAS ST UNIV FOUNDATION PURPOSE: DR. SHUO ZENG SCHOLARSHIP | $9,000 |
OAKLAND CHINATOWN CHAMBER PURPOSE: PASS THROUGH FROM DONORS | $50,566 |