Chinese-American Friendship Assoc At Triangle Area North Carolina
- Assets
- $190.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cary, NC
- Founding
- 07/2002
- Data as of
- 12/2021
- EIN
- 56-2226533
Organization Overview
Chinese-American Friendship Assoc At Triangle Area North Carolina is located in Cary, NC. The organization was established in 2002. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, 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. Chinese-American Friendship Assoc At Triangle Area North Carolina 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, Chinese-American Friendship Assoc At Triangle Area North Carolina generated $38.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $34.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE CHINESE CULTURE AND FRIENDSHIP
Describe the Organization's Program Activity:
Part 3
ORGANIZED CULTURAL ACTIVITIES SUCH AS CHINESE NEW YEAR PERFORMANCE, TASTE OF CHINA, AND PARTICIPATE IN INTERNATIONAL FESTIVAL AND DRAGON BOAT FESTIVAL IN NC ESTIMATED BENEFIT OVER 5000 PEOPLE
ORGANIZED MEMBER ACTIVITIES AND PROVIDED VARIOUS SERVICES SUCH AS SEMINARS, VISA SERVICE, MEMBER DIRCTORY, ETC. ESTIMATED BENEFIT OVER 5000 PEOPLE
SUPPORT CHINESE COMMUNITY MEMBERSHIP CLUB ACTIVITIES
ORGANIZED CULTURAL ACTIVITIES SUCH AS CHINESE NEW YEAR PERFORMANCE, TASTE OF CHINA, AND PARTICIPATE IN INTERNATIONAL FESTIVAL AND DRAGON BOAT FESTIVAL IN NC ESTIMATED BENEFIT OVER 5000 PEOPLE
ORGANIZED MEMBER ACTIVITIES AND PROVIDED VARIOUS SERVICES SUCH AS SEMINARS, VISA SERVICE, MEMBER DIRCTORY, ETC. ESTIMATED BENEFIT OVER 5000 PEOPLE
SUPPORT CHINESE COMMUNITY MEMBERSHIP CLUB ACTIVITIES
ORGANIZED CULTURAL ACTIVITIES SUCH AS CHINESE NEW YEAR PERFORMANCE, TASTE OF CHINA, AND PARTICIPATE IN INTERNATIONAL FESTIVAL AND DRAGON BOAT FESTIVAL IN NC ESTIMATED BENEFIT OVER 5000 PEOPLE
ORGANIZED MEMBER ACTIVITIES AND PROVIDED VARIOUS SERVICES SUCH AS SEMINARS, VISA SERVICE, MEMBER DIRCTORY, ETC. ESTIMATED BENEFIT OVER 5000 PEOPLE
SUPPORT CHINESE COMMUNITY MEMBERSHIP CLUB ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zhaoxilong President | 20 | $0 | |
Zhang Songhua Treasurer | 20 | $0 | |
Yang Jianping Chairman Of The Board | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,966 |
| Total Program Service Revenue | $19,621 |
| Membership dues | $1,470 |
| Investment income | $1,091 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $38,148 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $449 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,500 |
| Occupancy, rent, utilities, and maintenance | $1,345 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $30,209 |
| Total expenses | $34,503 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $190,695 |
| Other assets | $0 |
| Total assets | $190,695 |
| Total liabilities | $0 |
| Net assets or fund balances | $190,695 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Chinese-American Friendship Assoc At Triangle Area North Carolina has recieved totaling $700.
| Awarding Organization | Amount |
|---|---|
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 07/14/20 | $700 |
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