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Nonprofiteer
← EPOCH TIMES ASSOCIATION INC

Form 990 for tax year 2022

Filed by EPOCH TIMES ASSOCIATION INC.

Totals

Total revenue
$127,999,557
Total expenses
$127,585,898
Contributions and grants received
$3,554,749
Grants paid
$52,580,941
Program service revenue
$123,922,587
Investment income
$131,682
Other revenue
$390,539
Total assets, end of year
$36,747,516
Total liabilities, end of year
$36,228,612
Net assets or fund balances, end of year
$518,904
Program services expenses (Part IX)
$112,474,236
Management and general expenses
$14,973,324
Fundraising expenses
$138,338
Program service expenses (Part III)
$112,474,236

Program services were 88.2% 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.

  • 1c · Fundraising events

    $170,040

  • 1f · All other contributions, gifts and grants

    $3,384,709

  • 1g · Noncash contributions included above

    $5,229

  • 2a · Program service revenue: ADVERTISING INCOME

    total $2,194,474 · unrelated business $2,194,474

  • 2b · Program service revenue: SUBSCRIPTIONS

    total $58,986,251 · related or exempt $58,986,251

  • 2c · Program service revenue: WEB AND MEDIA INCOME

    total $62,741,862 · related or exempt $62,741,862

  • 3 · Investment income

    total $220,621 · related or exempt $220,621

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities -$88,939

  • 7c · Gain or loss

    securities -$88,939

  • 7d · Net gain or loss

    total -$88,939 · related or exempt -$88,939

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $342,266

  • 10b · Cost of goods sold

    $18,688

  • 10c · Net income from sales of inventory

    total $323,578 · related or exempt $323,578

  • 11a · Other revenue: Insurance Claim

    total $66,961 · related or exempt $66,961

  • 11e · Other revenue, total

    $66,961

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $52,580,941 · program services $52,580,941

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $110,800 · program services $88,640 · management and general $22,160

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $3,905,313 · program services $3,124,250 · management and general $781,063

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $48,905 · program services $39,124 · management and general $9,781

  • 10 · Payroll taxes

    total $334,988 · program services $267,990 · management and general $66,998

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $719,977 · program services $575,982 · management and general $143,995

  • 11c · Fees: accounting

    total $98,637 · program services $78,910 · management and general $19,727

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $138,338 · fundraising $138,338

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $12,626,481 · program services $10,101,185 · management and general $2,525,296

  • 12 · Advertising and promotion

    total $8,238,493 · program services $6,590,794 · management and general $1,647,699

  • 13 · Office expenses

    total $6,462,702 · program services $5,170,162 · management and general $1,292,540

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $116,359 · program services $93,087 · management and general $23,272

  • 16 · Occupancy

    total $3,343,785 · program services $2,675,028 · management and general $668,757

  • 17 · Travel

    total $800,325 · program services $640,260 · management and general $160,065

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $257,726 · program services $206,181 · management and general $51,545

  • 23 · Insurance

    total $155,189 · program services $124,151 · management and general $31,038

  • 24a · Other expenses: MAILING COST

    total $16,166,479 · program services $12,933,183 · management and general $3,233,296

  • 24b · Other expenses: PRINTING COST

    total $10,282,583 · program services $8,226,066 · management and general $2,056,517

  • 24c · Other expenses: SALES & MARKETING EXPENSE

    total $4,198,971 · program services $3,359,177 · management and general $839,794

  • 24d · Other expenses: REPORTING & EDITING EXPENSE

    total $3,020,000 · program services $2,416,000 · management and general $604,000

  • 24e · All other expenses

    total $3,978,906 · program services $3,183,125 · management and general $795,781

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,486,714 · end of year $7,240,482

  • 2 · Savings and temporary cash investments

    beginning of year $2,051,756 · end of year $10,817,564

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $18,871,333 · end of year $2,383,850

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $9,500,750

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $79,378 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $2,111,818

  • 10b · Land, buildings and equipment: accumulated depreciation

    $640,939

  • 10c · Land, buildings and equipment, net

    beginning of year $3,015,026 · end of year $1,470,879

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $2,581,885 · end of year $5,333,991

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,953,691 · end of year $3,026,093

  • 19 · Deferred revenue

    end of year $30,860,000

  • 22 · Loans and payables to officers and key people

    end of year $150,000

  • 24 · Unsecured notes and loans payable

    beginning of year $49,903 · end of year $2,192,519

  • 27 · Net assets without donor restrictions

    beginning of year $30,082,498 · end of year $518,904

Mission and programs · 2022

Mission

THE EPOCH TIMES ASSOCIATION INC. ("CORPORATION") IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES IN ACCORDANCE WITH SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

  • COSTS OF PRINTING NEWSPAPER, CREATING AND PROMOTING WEB AND MEDIA PROGRAMS TO PROVIDE THE SOCIETY TRUTH AND TRADITION THROUGH INSIGHTFUL AND INDEPENDENT JOURNALISM, STANDING OUTSIDE OF POLITICAL INTERESTS AND THE PURSUIT OF PROFIT.

    Expenses $112,474,236 · Revenue $123,876,687

As filed on the 2022 return.

Listed in Part VII

  • Bill Guan

    CFO

    Total calculated
    $85,200
    From this org
    $0
    From related orgs
    $85,200
    Other
    $0
    Hours/week
    0 + 40 related

  • Xueke Wang

    Secretary

    Total calculated
    $63,800
    From this org
    $63,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Dana Cheng

    Director

    Total calculated
    $47,000
    From this org
    $47,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Zhong Tang

    CEO

    Total calculated
    $42,000
    From this org
    $0
    From related orgs
    $42,000
    Other
    $0
    Hours/week
    5 + 20 related

  • Damon Noto

    Director

    Total calculated
    $0
    Hours/week
    5

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • EPOCH TIMES INC

    C CORP · MEDIA SERVICES · NY

  • EPOCH GROUP INC DBA EPOCH MEDIA GROUP

    C CORP · MEDIA SERVICES · NY

  • EPOCH USA INC

    C CORP · MEDIA SERVICES · GA

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202343199349325794

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