Asian District Cultural Association
- Assets
- $61.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 05/2018
- Data as of
- 12/2022
- EIN
- 82-4706605
Organization Overview
Asian District Cultural Association is located in Oklahoma City, OK. The organization was established in 2018. 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. Asian District Cultural 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, Asian District Cultural Association generated $126.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 30.1% each year . All expenses for the organization totaled $91.6k during the year ending 12/2022. While expenses have increased by 24.2% 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 Program Activity:
Part 3
ASIAN NIGHT MARKET FESTIVAL IS TRULY ONE OF THE MOST ETHNICALLY DIVERSE EVENTS IN OUR STATE WITH AN AUDIENCE MADE UP OF 35% ASIAN 30% CAUCASIAN 25% HISPANIC AND 20% AFRICAN AMERICAN. WE HAD 20 UNIQUE FOOD VENDORS 4 BEER GARDENS AND 43 BUSINESS VENDORS. THIS YEAR WE HAD 30 PERFORMANCES THAT INCLUDED TRADITIONAL DRAGON DANCES K-POP POLYNESIAN LAOTIAN LATIN INDIAN AND MYANMAR DANCES A VIETNAMESE PIANIST VOCAL ARTISTS A FASHION SHOW INTERACTIVE CHILDREN'S ART MURAL AND A SPICY RAMEN EATING CONTEST. WE HOSTED AN ESTIMATED 40,000 PEOPLE THIS PAST YEAR IN MILITARY PARK - MAKING IT ONE OF THE LARGEST DISTRICT FESTIVALS IN THE STATE! INCLUDED IN OUR ATTENDANCE WERE BUSINESS LEADERS LOCAL CELEBRITIES CITY COUNCILPERSONS AND THE MAYOR OF OKLAHOMA CITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Hoang President | 5 | $0 | |
Jenny Nguyen Vice President | 5 | $0 | |
Alvin Ly Treasurer | 5 | $0 | |
Vivian Le Secretary | 5 | $0 | |
Jennifer Pham Board Of Director | 5 | $0 | |
Ryan Mcmullen Board Of Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,133 |
| Total Program Service Revenue | $106,289 |
| Membership dues | $0 |
| Investment income | $11 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $126,433 |
| 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 | $13,045 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $180 |
| Other expenses | $78,330 |
| Total expenses | $91,555 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $61,889 |
| Other assets | $0 |
| Total assets | $61,889 |
| Total liabilities | $0 |
| Net assets or fund balances | $61,889 |