American Chinese Medical Exchange Society Inc
- Assets
- $336.1k
- Revenue
- $122.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Burlington, MA
- Founding
- 08/2010
- Data as of
- 12/2021
- EIN
- 42-1750883
Organization Overview
American Chinese Medical Exchange Society Inc is located in Burlington, MA. The organization was established in 2010. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Chinese Medical Exchange Society 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, American Chinese Medical Exchange Society Inc generated $122.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.8% each year . All expenses for the organization totaled $84.1k during the year ending 12/2021. While expenses have increased by 17.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 ORGANIZATIONS MISSION IS 1) TO SUPPORT A FREE AND OPEN SOURCE MEDICAL JOURNAL AND TO DISSEMINATE INFORMATION AND KNOWLEDGE IN THE FIELD OF HEPATITIS, AUTISM, DIABETES, AND CANCER FOR THE MINORITY POPULATION;(CONTINUED PART III LINE 4A)
Describe the Organization's Program Activity:
Part 3 - Line 4a
(CONTINUED FROM PART I, LINE 1)AND 2) TO PROVIDE PROFESSIONAL ACTIVITIES FOR LOCAL CHINESE AMERICAN CHINESE PHYSICIANS AND OTHER HEALTH CARE PROVIDERS FROM CHINA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Lu Clerk Director | OfficerTrustee | 4 | $0 |
Weigen Li Vice President Director | OfficerTrustee | 2 | $0 |
Yiqing Song Vice President Director | OfficerTrustee | 4 | $0 |
Frank Chen Vice President Director | OfficerTrustee | 5 | $0 |
Ning Zhou Vice President Director | OfficerTrustee | 1 | $0 |
Xuejun Kong President Director | OfficerTrustee | 7 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $122,891 |
| Investment income | $55 |
| 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 | $122,946 |
| 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 | $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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,464 |
| Information technology | $1,971 |
| Royalties | $0 |
| Occupancy | $3,342 |
| 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 | $75,315 |
| Total functional expenses | $84,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $168,263 |
| Savings and temporary cash investments | $116,143 |
| 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 | $51,704 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $336,110 |
| 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 | $336,110 |
| 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 | $336,110 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Chinese Medical Exchange Society Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sofia American Schools Inc New York, NY | $18,766,081 | $8,581,010 |
Himalayan Cataract Project Inc Waterbury, VT | $19,394,847 | $12,691,566 |
Empower-Emerging Markets Foundation New York, NY | $11,350,043 | $8,896,356 |
Synergos Institute Inc New York, NY | $29,120,560 | $14,037,043 |
Precision Development Inc Newton, MA | $6,538,022 | $7,738,170 |
Lighthouse International New York, NY | $63,392,438 | $10,241,039 |
Haitian Health Foundation Inc Norwich, CT | $65,099,173 | $7,218,496 |
The American Fund For Lse New York, NY | $2,086,242 | $5,282,073 |
Pencils Of Promise Incorporated New York, NY | $2,961,527 | $5,028,626 |
American Friends Of Yad Yemin Inc Brooklyn, NY | $2,774,040 | $6,368,858 |
Pivotworks Inc Randolph, MA | $5,227,155 | $6,969,114 |
Womens International Zionist Organization New York, NY | $14,089,197 | $4,873,974 |