Chong Sen Benevolent Association
- Assets
- $2.3m
- Revenue
- $449.6k
- Investments
- $0.0
- Employees
- 2
- Location
- San Francisco, CA
- Founding
- 04/1962
- Data as of
- 12/2022
- EIN
- 94-1160891
Organization Overview
Chong Sen Benevolent Association is located in San Francisco, CA. The organization was established in 1962. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Chong Sen Benevolent Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chong Sen Benevolent Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Chong Sen Benevolent Association generated $449.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $221.5k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE COMMUNITY SOLIDARITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
MISCELLANEOUS SOCIAL ACTIVITIES -- THIS INCLUDES TWO ANNUAL TRIPS TO CHINESE CEMETERIES, CHINESE NEW YEAR CELEBRATION, AND BANQUETS FOR MEMBERS PROMOTING MUTUAL HELP & WELFARE.
DONATIONS -- GIVEN ANNUALLY TO SCHOOLS AND ORGANIZATIONS. THIS HELPED CARRY OUT VARIOUS CHARITABLE WORKS AND WELFARE ACTIVITIES OF THE DONEES. QUARTERLY PUBLICATION -- THIS PUBLICATION IS OFFERED TO THE PUBLIC AND IT FEATURES NEWS FROM LOCAL AND NEIGHBORING COMMUNITIES WHICH ENHANCED COMMUNITY FEELING & SOLIDARITY.
SERVICE TO ASSIST THE PEOPLE OF THE COMMUNITY -- PROVISION OF A MEETING AND RESTING PLACE FOR DISTANT TRAVELERS, HELP TO THE SICK, DISABLED, AND UNEMPLOYED, AND ARBITRATION.
SCHOLARSHIPS -- AWARDED ANNUALLY TO HIGH SCHOOL STUDENTS WHO PROVED SCHOLASTIC ACHIEVEMENT. THIS GAVE AID TO CONTINUAL STUDIES FOR THE RECIPIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Kong CFO Treasure | Trustee | 5 | $1,880 |
Joseph Gong Vice Preside | Trustee | 5 | $1,640 |
Lawrence Kong President | Trustee | 5 | $1,600 |
Tom Gong Vice Preside | Trustee | 5 | $1,140 |
John Lau Chinese Secr | Trustee | 5 | $1,140 |
Melvin Lowe English Secr | Trustee | 5 | $1,060 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,910 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,346 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,256 |
| Total Program Service Revenue | $0 |
| Investment income | $7,577 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $320,735 |
| Net Gain/Loss on Asset Sales | $96,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $449,568 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $23,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $25,565 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,888 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,985 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $300 |
| Advertising and promotion | $0 |
| Office expenses | $12,104 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,322 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,352 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,378 |
| Insurance | $23,301 |
| All other expenses | $2,792 |
| Total functional expenses | $221,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,832,780 |
| 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 | $444,615 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,920 |
| Total assets | $2,281,315 |
| Accounts payable and accrued expenses | $0 |
| 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 | $13,661 |
| Total liabilities | $13,661 |
| Net assets without donor restrictions | $0 |
| 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 | $2,267,654 |
| Total liabilities and net assets/fund balances | $2,281,315 |