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Nonprofiteer
← GREATER BOSTON CHINESE GOLDEN AGE CENTER INC

Form 990 for tax year 2023

Filed by GREATER BOSTON CHINESE GOLDEN AGE CENTER INC.

Totals

Total revenue
$14,626,488
Total expenses
$12,085,595
Contributions and grants received
$11,571,432
Grants paid
$0
Program service revenue
$2,673,707
Investment income
$379,031
Other revenue
$2,318
Total assets, end of year
$17,329,315
Total liabilities, end of year
$2,032,249
Net assets or fund balances, end of year
$15,297,066
Program services expenses (Part IX)
$11,427,747
Management and general expenses
$656,650
Fundraising expenses
$1,198
Program service expenses (Part III)
$11,427,747

Program services were 94.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • PETER K CHAN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • IRENE RUAN

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • DANIEL Y SZETO

    CLERK

    Total calculated
    $0
    Hours/week
    0.5

  • HUNG GOON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DAVID TAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • CONNIE S WONG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • ROBERT WU

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JOSEPH MARKEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • RUTH C MOY

    CEO

    Total calculated
    $222,212
    From this org
    $218,704
    From related orgs
    $0
    Other
    $3,508
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,704
    Bonus
    $43,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $3,508
    Filer's total
    $222,212

  • HOLLY WAINWRIGHT

    DIRECTOR OF FINANCE (PART-YEAR)

    Total calculated
    $147,248
    From this org
    $139,280
    From related orgs
    $0
    Other
    $7,968
    Hours/week
    30

  • MEGAN CHEUNG

    ASSOC. DIRECTOR/CLINICAL DIRECTOR

    Total calculated
    $200,721
    From this org
    $192,457
    From related orgs
    $0
    Other
    $8,264
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,457
    Bonus
    $60,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,264
    Filer's total
    $200,721

  • KUN CHANG

    PROGRAM DIRECTOR

    Total calculated
    $157,464
    From this org
    $149,898
    From related orgs
    $0
    Other
    $7,566
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $121,898
    Bonus
    $28,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $7,566
    Filer's total
    $157,464

  • YING-CHIN CHANG

    NURSE DIRECTOR

    Total calculated
    $113,004
    From this org
    $111,395
    From related orgs
    $0
    Other
    $1,609
    Hours/week
    40

  • RAYMOND GIANG

    PROGRAM MANAGER / SUPERVISOR

    Total calculated
    $133,841
    From this org
    $132,232
    From related orgs
    $0
    Other
    $1,609
    Hours/week
    40

  • DEBORAH GOVE

    PROGRAM DIRECTOR

    Total calculated
    $106,997
    From this org
    $104,094
    From related orgs
    $0
    Other
    $2,903
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
FINANCE AND HR MANAGEMENT DETERMINE PROPOSED BONUS AMOUNTS BASED ON SEVERAL FACTORS INCLUDING EMPLOYEE PROGRAM, POSITION, PREVIOUS BONUSES, AND SENIORITY. THE EMPLOYEE'S SUPERVISORS WILL THEN REVIEW THE PROPOSED BONUS AMOUNTS AND MAY RECOMMEND CHANGES. THE CEO WILL THEN REVIEW AND APPROVE THE BONUS AMOUNTS. THE CEO'S BONUS IS DETERMINED USING THE SAME METHOD WITH APPROVAL BY THE BOARD OF DIRECTORS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
1 May 2025
IRS schema version
2023v6.0
Source object
202511269349302216

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