Indochinese Culture Center
- Assets
- $3.7m
- Revenue
- $263.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Houston, TX
- Founding
- 10/1985
- Data as of
- 12/2021
- EIN
- 74-2028477
Organization Overview
Indochinese Culture Center is located in Houston, TX. The organization was established in 1985. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, Indochinese Culture Center employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indochinese Culture Center 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, Indochinese Culture Center generated $263.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $475.0k during the year ending 12/2021. While expenses have increased by 0.1% 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 ORGANIZATION PROVIDES SERVICES TO THE COMMUNITY THROUGH VARIOUS PROGRAMS SUCH AS MEALS AND ACTIVITIES FOR SENIOR CITIZENS AND COMMERCIAL LEASING TO NON-PROFITS ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING MEALS AND ACTIVITIES TO SENIOR CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph C DO CEO | Officer | 60 | $81,692 |
Kiet DO Director | Trustee | 10 | $0 |
Phung Dong Director | Trustee | 10 | $0 |
Loc Van Hoang Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,093 |
| 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 | $10,093 |
| Total Program Service Revenue | $0 |
| Investment income | $205,622 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $48,070 |
| 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 | $263,785 |
| 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. | $173,330 |
| Compensation of current officers, directors, key employees. | $173,330 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $12,610 |
| Other employee benefits | $0 |
| Payroll taxes | $13,260 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,095 |
| 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 | $10,300 |
| Information technology | $7,495 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,629 |
| 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 | $77,970 |
| Insurance | $39,078 |
| All other expenses | $0 |
| Total functional expenses | $474,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,179 |
| 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 | $973,021 |
| Investments—publicly traded securities | $2,706,373 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,714,573 |
| Accounts payable and accrued expenses | $440,408 |
| 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 | $150,000 |
| Total liabilities | $590,408 |
| Net assets without donor restrictions | $3,124,165 |
| 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 | $3,714,573 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Indochinese Culture Center has recieved totaling $8,178.
| Awarding Organization | Amount |
|---|---|
Bakerripley Houston, TX PURPOSE: Senior Meals | $8,178 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association For The Advancement Of Mexican Americans Houston, TX | $14,281,591 | $18,865,775 |
Alliance For Multicultural Community Services Houston, TX | $5,316,448 | $13,579,040 |
Dallas Inter-Tribal Center Dallas, TX | $12,013,562 | $5,781,705 |
Human Rights Initiative Of North Texas Inc Dallas, TX | $2,752,431 | $4,159,461 |
Native American Professional Parent Resources Inc Albuquerque, NM | $3,103,223 | $5,950,001 |
Institute Of American Indian Arts Foundation Santa Fe, NM | $1,499,180 | $4,615,471 |
Chinese Community Center Inc Houston, TX | $14,027,978 | $4,388,645 |
The Concilio Dallas, TX | $2,318,784 | $3,240,139 |
Casa Juan Diego Houston, TX | $3,406,957 | $3,223,288 |
New Mexico Immigrant Law Center Albuquerque, NM | $2,425,266 | $2,711,982 |
Surti Lueva Patidar Samaj Of Dfw Irving, TX | $8,297,594 | $2,622,226 |
Oro Development Corporation Oklahoma City, OK | $73,525 | $1,427,831 |