Austin Chinese-American Network
- Assets
- $155.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 07/2017
- Data as of
- 12/2022
- EIN
- 82-0847511
Organization Overview
Austin Chinese-American Network, operating under the name Acan, is located in Austin, TX. The organization was established in 2017. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Acan 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, Acan generated $140.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 27.5% each year . All expenses for the organization totaled $95.8k during the year ending 12/2022. While expenses have increased by 26.3% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SERVE THE COMMUNITY, FOSTER THE HERITAGE
Describe the Organization's Program Activity:
Part 3
PROVIDE COVID-19 RELIEFS TO COMMUNITY, INCLUDING MEALS FOR THE NEEDED, PPE FOR FRONTLINE WORKERS, AND DONATION TO CENTRAL TEXAS FOOD BANK.
EDUCATION PROGRAM,COMMUNITY SERVICES AND GALA
AUSTIN CHINESE CULTURE FESTIVAL: ANNUAL EVENT FOR THE COMMUNITY TO CELEBRATE CHINESE NEW YEAR AND SHARE CULTURAL HERITAGE.
YOUTH PROGRAM: INCLUDING YOUTH TALK, YOUTH GALA, PROJECT QUARANTINE, SERVING UNDERPRIVILEGED GROUPS, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hugh Li President | 10 | $0 | |
Bin Zhong Vice President | 10 | $0 | |
Debbie Wang Vice President | 5 | $0 | |
Wei Liu Vice President | 10 | $0 | |
Michelle Bao Vice President | 10 | $0 | |
Jean Shaw Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,591 |
| Total Program Service Revenue | $57,655 |
| Membership dues | $4,669 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $140,915 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $95,774 |
| Total expenses | $95,774 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $155,694 |
| Other assets | $0 |
| Total assets | $155,694 |
| Total liabilities | $0 |
| Net assets or fund balances | $155,694 |