Lao-Chinese Friendship Association Of Southern California
- Assets
- $44.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Monterey Park, CA
- Founding
- 09/1995
- Data as of
- 12/2021
- EIN
- 95-4497834
Organization Overview
Lao-Chinese Friendship Association Of Southern California is located in Monterey Park, CA. The organization was established in 1995. 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. Lao-Chinese Friendship Association Of Southern California 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 12/2021, Lao-Chinese Friendship Association Of Southern California generated $13.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.2%) each year. All expenses for the organization totaled $34.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
LAO-CHINESE FRIENDSHIP ASSOICIATIONS OF SOUTHERN CALIFORNIA WAS ESTABLISHED FOR SPECIFIC PURPOSE OF DEVELOPING AND PROMOTING FRIENDSHIP, UNDERSTANDING, TRUST AND MUTUAL APPRECIATION BETWEEN THE LAO-CHINESE AND AMERICAN PEOPLE, AND ASSISTING LAO-CHINESE IN RECOGNIZING AND PERSERVING THEIR CULTURAL TRADITION AND HERITAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted K Tongsak President | 2 | $0 | |
Denna Wu Secretary | 2 | $0 | |
Nancy Yip Treasurer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,999 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $13,000 |
| 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 | $400 |
| Occupancy, rent, utilities, and maintenance | $12,600 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $21,314 |
| Total expenses | $34,314 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $42,342 |
| Other assets | $0 |
| Total assets | $44,192 |
| Total liabilities | $0 |
| Net assets or fund balances | $44,192 |
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