Purple Swans Corporation
- Assets
- $146.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- 11/2014
- Data as of
- 12/2022
- EIN
- 47-2167871
Organization Overview
Purple Swans Corporation is located in Morristown, NJ. The organization was established in 2014. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Purple Swans Corporation 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, Purple Swans Corporation generated $110.7k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $114.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ON 11/20/2022, THE PURPLE SWANS CORPORATION PRODUCED A CHINESE PERFORMING ARTS CHARITY SHOW TITLED "DANCING INTO THE DAWN" AT THE MAYO PERFORMING ARTS CENTER (MPAC) IN MORRISTOWN, NJ. IT WAS A HUGE SUCCESS WITH OVER 1,000 TICKETS SOLD. ALL THE NET PROCEEDS, IN THE AMOUNT OF $15,956 WERE DONATED TO THE MENTAL HEALTH ASSOCIATION OF NJ (MHANJ). TO HONOR PURPLE SWANS' DISTINGUISHED CONTRIBUTION TO THE COMMUNITY, PURPLE SWANS IS RECOGNIZED AS THE ONLY INSTITUTIONAL HONOREE AT THE THIS YEAR'S ANNUAL EVENING OF EXCELLENCE EVENT HOSTED BY MHANJ). AND PURPLE SWANS IS THE FIRST COMMUNITY ARTS-RELATED ORGANIZATION MHANJ HAS EVER HONORED AT SUCH EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lu Chu President | 20 | $0 | |
Jie Wu Chairman Of The Board | 15 | $0 | |
Lei Chen Trustee | 10 | $0 | |
Zhen Cheng Trustee | 10 | $0 | |
Jing Amy Feng Trustee | 10 | $0 | |
Wenning Feng Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,564 |
| Total Program Service Revenue | $63,491 |
| Membership dues | $18,655 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $110,710 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $29,960 |
| Occupancy, rent, utilities, and maintenance | $27,040 |
| Printing, publications, postage, and shipping | $5,178 |
| Other expenses | $52,340 |
| Total expenses | $114,518 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $132,213 |
| Other assets | $0 |
| Total assets | $146,041 |
| Total liabilities | $49,139 |
| Net assets or fund balances | $96,902 |