Belmont Chinese American Association
- Assets
- $48.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Belmont, MA
- Founding
- 08/2016
- Data as of
- 12/2022
- EIN
- 81-3238621
Organization Overview
Belmont Chinese American Association is located in Belmont, MA. The organization was established in 2016. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belmont Chinese American Association 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, Belmont Chinese American Association generated $48.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (23.2%) each year. All expenses for the organization totaled $29.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (34.6%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lixin Qin President | 1 | $0 | |
Mei Li Vice President | 1 | $0 | |
Jing Zhang Vice President | 1 | $0 | |
Yongjing J Guo Secretary | 1 | $0 | |
Hongqi Shen Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,364 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $48,364 |
| 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 | $1,054 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $28,472 |
| Total expenses | $29,526 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $48,076 |
| Other assets | $0 |
| Total assets | $48,076 |
| Total liabilities | $0 |
| Net assets or fund balances | $48,076 |