Form 990 for tax year 2022
Filed by CHICAGOS CHINATOWN CHAMBER OF COMMERCE.
Totals
- Total revenue
- $489,595
- Total expenses
- $374,991
- Contributions and grants received
- $358,488
- Grants paid
- $0
- Program service revenue
- $93,295
- Investment income
- $522
- Other revenue
- $37,290
- Total assets, end of year
- $550,397
- Total liabilities, end of year
- $117,363
- Net assets or fund balances, end of year
- $433,034
- Program services expenses (Part IX)
- $224,472
- Management and general expenses
- $85,734
- Fundraising expenses
- $64,785
- Program service expenses (Part III)
- $224,472
Program services were 59.9% 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.
-
1b · Membership dues
$79,327
-
1c · Fundraising events
$134,500
-
1f · All other contributions, gifts and grants
$144,661
-
2a · Program service revenue: PROGRAM & EVENT ADMISS
total $93,295 · related or exempt $93,295
-
3 · Investment income
total $522 · related or exempt $522
-
8a · Fundraising events: gross income
$24,253
-
8a · Fundraising events: contributions included on line 1c
$134,500
-
8b · Fundraising events: direct expenses
$87,930
-
8c · Net income from fundraising events
total -$63,677 · excluded -$63,677
-
11a · Other revenue: MANAGEMENT FEE
total $100,967 · related or exempt $100,967
-
11e · Other revenue, total
$100,967
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $163,782 · program services $86,460 · management and general $42,174 · fundraising $35,148
-
8 · Pension plan contributions
total $1,972 · program services $1,041 · management and general $508 · fundraising $423
-
9 · Other employee benefits
total $11,550 · program services $6,097 · management and general $2,974 · fundraising $2,479
-
10 · Payroll taxes
total $12,796 · program services $6,710 · management and general $3,340 · fundraising $2,746
-
11c · Fees: accounting
total $5,000 · program services $2,640 · management and general $1,288 · fundraising $1,072
-
13 · Office expenses
total $9,368 · program services $5,636 · management and general $2,036 · fundraising $1,696
-
16 · Occupancy
total $25,895 · program services $13,670 · management and general $6,668 · fundraising $5,557
-
17 · Travel
total $2,053 · program services $1,641 · management and general $390 · fundraising $22
-
22 · Depreciation, depletion and amortization
total $4,856 · program services $2,564 · management and general $1,250 · fundraising $1,042
-
23 · Insurance
total $3,752 · program services $1,980 · management and general $967 · fundraising $805
-
24a · Other expenses: EQUIPMENT RENT AND MAIN
total $29,195 · program services $25,693 · management and general $1,910 · fundraising $1,592
-
24b · Other expenses: PROGRAMS AND SPECIAL EV
total $28,742 · program services $27,908 · management and general $834 · fundraising $0
-
24c · Other expenses: PRINTING AND PUBLICATIO
total $16,844 · program services $16,153 · management and general $377 · fundraising $314
-
24d · Other expenses: PUBLIC RELATIONS AND CO
total $14,581 · program services $1,390 · management and general $13,191 · fundraising $0
-
24e · All other expenses
total $44,605 · program services $24,889 · management and general $7,827 · fundraising $11,889
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $245,570 · end of year $316,540
-
2 · Savings and temporary cash investments
beginning of year $113,798 · end of year $113,992
-
4 · Accounts receivable
beginning of year $31,622 · end of year $19,845
-
9 · Prepaid expenses and deferred charges
beginning of year $4,437 · end of year $14,908
-
10a · Land, buildings and equipment: cost or other basis
$261,912
-
10b · Land, buildings and equipment: accumulated depreciation
$176,800
-
10c · Land, buildings and equipment, net
beginning of year $45,134 · end of year $85,112
-
17 · Accounts payable and accrued expenses
beginning of year $42,164 · end of year $39,862
-
19 · Deferred revenue
beginning of year $79,967 · end of year $77,501
-
27 · Net assets without donor restrictions
beginning of year $318,430 · end of year $433,034
Mission and programs · 2022
Mission
TO FACILITATE THE ECONOMIC DEVELOPMENT AND WELFARE OF CHICAGO'S CHINESE COMMUNITY.
-
COMMUNITY RELATIONS, AND VARIOUS SOCIAL AND PUBLIC EVENTS THAT FACILITATE THE ECONOMIC DEVELOPMENT AND WELFARE OF CHICAGO'S CHINATOWN COMMUNITY.
Expenses $196,619
-
NEWSLETTERS, SEMINARS, AND CONFERENCES PROVIDED FOR THE BENEFIT OF MEMBERS.
Expenses $27,853
As filed on the 2022 return.
Listed in Part VII
-
JIMMY LEE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
ERNEST WONG
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
FRANK JIAZHAO CHEN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
ANDREW SARGIS
ENGLISH SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
HOMAN WONG
CHINESE SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
JENNY YANG
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
EDDIE NI
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
JOYCE CHIU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
CHRIS HUANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
EDDIE LAU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
XIONG HUI LIANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
GAVIN MA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
YUK K KEN MUI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
TONY SHU ESQ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
JOYCE CHIU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
STAN BOCHNOWSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
RAYMOND CHEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
EILEEN CHIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
KAI LANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
ZHI DONG ALEX LIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
PATRICK MCSHANE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MABEL MOY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
GARY CHEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
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.
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.
-
CHICAGO CHINATOWN COMMUNITY FOUNDATION
501(C)(3) · EDUCATION-RELATED ACTIVITIES · IL
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 18 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202411069349301791
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