Taiwanese Association Of America
- Assets
- $61.3k
- Revenue
- $298.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Rockville, MD
- Founding
- 08/1994
- Data as of
- 12/2023
- EIN
- 52-1867910
Organization Overview
Taiwanese Association Of America is located in Rockville, MD. The organization was established in 1994. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Taiwanese Association Of America 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, Taiwanese Association Of America generated $298.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 38.8% each year . All expenses for the organization totaled $291.9k during the year ending 12/2023. While expenses have increased by 35.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE TAIWANESE HERITAGE AND CULTURE IN THE GREATER WASHINGTON DC AREA THROUGH VARIOUS EVENTS AND ACTIVITIES, INCLUIDNG A LUNAR NEW YEARS CELEBRATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE THEME OF 2023 TACEC MEETING WAS PROTECTING OUR HOMELAND: TAIWAN & US STANDING TOGETHER, FOCUSING ON US-TAIWAN RELATED ISSUES SUCH AS ENGAGING IN PUBLIC AFFAIRS AND COMBATING MISINFORMATION. THIS CONFERENCE WAS A JOINT EFFORT OF THE TAIWANESE AMERICAN CONFERENCE EAST COAST (TACEC, THE FIRST GENERATION OF TAIWANESE AMERICANS), TAIWANESE AMERICAN NEXT GENERATION (TANG, THE SECOND AND LATER GENERATIONS OF TAIWANESE AMERICANS), AND US-TAIWAN WATCH, AN ORGANIZATION THAT BRINGS TOGETHER THE YOUNG PROFESSIONALS THAT ARE PASSIONATE ABOUT US-TAIWAN RELATIONS. THE 2023 YEAR WAS NOT ONLY AN INTERGENERATIONAL CONFERENCE BUT A PLATFORM WHERE DEMOCRACY SUPPORTERS TURNED THOUGHTS INTO ACTIONS.
OTHER ACTIVITIES AND EVENTS INCLUDE DONATION TO TURKEY EARTHQUAKE, NEW YEAR CELEBRATION, 228 CONCERT, FIESTA ASIA, TAIWAN YES, 2023 JULY 4 PARADE, KEEP TAIWAN FREE, A LETTER TO AMA AND SOFTBALL TOURNAMENT BRING PEOPLE TOGETHER AND BRING AWARENESS TO THE TAIWANESE HERITAGE.
OUR THANKSGIVING BANQUET IS TO GIVE THANKS TO OUR LOCAL GOVERNMENT LEADERS AND COMMUNITY LEADERS FOR THEIR SUPPORT AND PARTNERSHIP IN THE WASHINGTON D.C. AREA AND TO BRING THE TAA-GWC FAMILY TOGETHER TO CELEBRATE THIS ONGOING RELATIONSHIP IN AMERICA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Hsu Executive Member | Trustee | 0 | $0 |
David Tang Executive Member | Trustee | 0 | $0 |
Chu Yang Tsai Executive Member | Trustee | 0 | $0 |
Cosette Chen Executive Member | Trustee | 0 | $0 |
Peng-Hsuan Chen Executive Member | Trustee | 0 | $0 |
Guan Fu Executive Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,335 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,605 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,940 |
| Total Program Service Revenue | $279,467 |
| Investment income | $0 |
| 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 | $298,407 |
| 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 | $968 |
| 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 | $267 |
| Advertising and promotion | $80 |
| Office expenses | $3,866 |
| 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 | $17,265 |
| Total functional expenses | $291,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,259 |
| 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 | $61,259 |
| 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 | $61,259 |
| 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 | $61,259 |