Massachusetts Society Of Traditional Chinese Medicine Inc
- Assets
- $22.6k
- Revenue
- $4.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Waltham, MA
- Founding
- Data as of
- 12/2023
- EIN
- 85-0533742
Organization Overview
Massachusetts Society Of Traditional Chinese Medicine Inc is located in Waltham, MA. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Society Of Traditional Chinese Medicine Inc 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 12/2023, Massachusetts Society Of Traditional Chinese Medicine Inc generated $4.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $4.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (24.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURCHASE PPE IN SUPPORT OF LOCAL HOSPITALS DURING THE COVID-19 PANDEMIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Huanyu Li Treasurer | 5 | $0 | |
Jim Guo Board Member | 5 | $0 | |
Yue Zhang Secretary | 5 | $0 | |
Jing Liu Board Member | 5 | $800 | |
Zhiping Li Board Member | 5 | $200 | |
Zhenzhen Zhang President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,584 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,584 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,239 |
| Total operating and administrative expenses | $4,314 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,561 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $22,561 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Massachusetts Society Of Traditional Chinese Medicine Inc has awarded $10,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ATCMS PURPOSE: PURCHASE PPE IN SUPPORT OF LOCAL HOSPITALS | $8,200 |
WESTAR PURPOSE: PURCHASE PPE IN SUPPORT OF LOCAL HOSPITALS | $2,000 |