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Nonprofiteer
← CHICAGO CHINATOWN COMMUNITY FOUNDATION

Form 990 for tax year 2023

Filed by CHICAGO CHINATOWN COMMUNITY FOUNDATION.

Totals

Total revenue
$213,586
Total expenses
$175,776
Contributions and grants received
$173,000
Grants paid
$0
Program service revenue
$39,335
Investment income
$1,251
Other revenue
$0
Total assets, end of year
$235,158
Total liabilities, end of year
$6,500
Net assets or fund balances, end of year
$228,658
Program services expenses (Part IX)
$175,776
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$175,776

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $173,000

  • 2a · Program service revenue: CHINATOWN SUMMER FAIR

    total $23,250 · related or exempt $23,250

  • 2b · Program service revenue: CHINATOWN ANNUAL GALA

    total $8,000 · related or exempt $8,000

  • 2c · Program service revenue: CHINATOWN SUMMER FAIR

    total $4,651 · related or exempt $4,651

  • 2d · Program service revenue: CHINATOWN SUMMER FAIR

    total $3,413 · related or exempt $3,413

  • 2e · Program service revenue: MISCELLANEOUS SPONSORS

    total $21 · related or exempt $21

  • 3 · Investment income

    total $1,251 · related or exempt $1,251

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $9,000 · program services $9,000

  • 11c · Fees: accounting

    total $1,000 · program services $1,000

  • 11g · Fees: other

    total $5,459 · program services $5,459

  • 12 · Advertising and promotion

    total $2,089 · program services $2,089

  • 13 · Office expenses

    total $6,781 · program services $6,781

  • 17 · Travel

    total $891 · program services $891

  • 23 · Insurance

    total $3,807 · program services $3,807

  • 24a · Other expenses: EQUIPMENT RENTAL

    total $68,956 · program services $68,956

  • 24b · Other expenses: CONTRACT SERVICES

    total $59,925 · program services $59,925

  • 24c · Other expenses: SPONSORSHIPS

    total $17,800 · program services $17,800

  • 24d · Other expenses: SUPPLIES AND OTHER

    total $68 · program services $68

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $197,198 · end of year $233,908

  • 9 · Prepaid expenses and deferred charges

    beginning of year $150 · end of year $1,250

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,500 · end of year $1,500

  • 19 · Deferred revenue

    beginning of year $5,000 · end of year $5,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $190,848 · end of year $228,658

Mission and programs · 2023

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO FUND EDUCATED-RELATED CAUSES PROMOTING CHINESE CULTURE.

  • CHINATOWN SUMMER FAIR - INTRODUCTION TO TRADITIONAL CHINESE CULTURAL PERFORMANCES AND FEATURING CHINATOWN'S RESTAURANTS, GIFT SHOPS AND CHILDREN'S PLAY AREA.

    Expenses $105,468 · Revenue $104,314

  • CHINATOWN LUNAR NEW YEAR PARADE - ANNUAL CHINESE PARADE FEATURING TRADITIONAL DRAGON AND LION DANCING TEAMS, COLORFUL FLOATS, MARCHING BANDS AND MARCHING GROUPS.

    Expenses $43,133 · Revenue $60,200

  • DRAGON BOAT RACE FOR LITERACY - HELD BY THE CHINATOWN CHAMBER OF COMMERCE PROMOTES ASIAN CULTURE AND AIMS TO HELP NEIGHBORHOOD LITERACY PROGRAMS.

    Expenses $9,843 · Revenue $9,800

  • OTHER FOUNDATION REVENUE, INTEREST INCOME AND FOUNDATION EXPENSES FOR MISCELLANOUS FOUNDATION ACTIVITIES

    Expenses $17,332 · Revenue $39,272

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Darryl Tom

    CHAIRMAN/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Betty Chow

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Tim Brenmark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gene Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anita Lau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tony Shu Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patrick McShane

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
1 March 2025
IRS schema version
2023v6.0
Source object
202510719349301806

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