Form 990 for tax year 2023
Filed by CULTURE REGENERATION RESEARCH SOCIETY.
Totals
- Total revenue
- $199,712
- Total expenses
- $114,596
- Contributions and grants received
- $186,936
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $12,776
- Other revenue
- $0
- Total assets, end of year
- $617,171
- Total liabilities, end of year
- $70
- Net assets or fund balances, end of year
- $617,101
- Program services expenses (Part IX)
- $76,676
- Management and general expenses
- $31,129
- Fundraising expenses
- $6,791
- Program service expenses (Part III)
- $76,676
Program services were 66.9% 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.
-
1f · All other contributions, gifts and grants
$186,936
-
3 · Investment income
total $12,776 · excluded $12,776
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
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 $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $14,341 · management and general $14,341
-
11c · Fees: accounting
total $5,190 · management and general $5,190
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $476 · management and general $476
-
13 · Office expenses
total $20 · management and general $20
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $2,790 · management and general $2,790
-
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 $0
-
23 · Insurance
total $3,335 · management and general $3,335
-
24a · Other expenses: STUDENT SCHOLARSHIPS- CHINA
total $29,368 · program services $29,368
-
24b · Other expenses: PUBLICATION SPONSORSHIP
total $22,988 · program services $22,988
-
24c · Other expenses: STUDENT SCHOLARSHIPS- USA
total $18,000 · program services $18,000
-
24d · Other expenses: MEALS & ENTERTAINMENT
total $6,088 · management and general $618 · fundraising $5,470
-
24e · All other expenses
total $12,000 · program services $6,320 · management and general $4,359 · fundraising $1,321
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $158,472 · end of year $64,879
-
2 · Savings and temporary cash investments
beginning of year $374,526 · end of year $552,292
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
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 $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
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
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $1,013 · end of year $70
-
29 · Capital stock, trust principal or current funds
beginning of year $531,985 · end of year $617,101
Mission and programs · 2023
Mission
FORM 990, PART I, LINE 1 - WE ARE DEDICATED TO COMMUNITY SERVICES SUCH AS POVERTY RELIEF, CARING FOR THE UNDERPRIVILEGED AND THE SICK.OUR MAJOR ACTIVITIES INCLUDE PROVIDING EDUCATIONAL FUNDS TO THE NEEDY STUDENTS INTHE RURAL VILLAGES AND INNER CITIES.FORM 990, PART III, LINE 1 - ORGANIZATION MISSIONWE ARE DEDICATED TO COMMUNITY SERVICES SUCH AS POVERTY RELIEF, CARINGFOR THE UNDERPRIVILEGED AND THE SICK.OUR MAJOR ACTIVITIES INCLUDE PROVIDING EDUCATIONAL FUNDS FOR THE NEEDY STUDENTS INTHE RURAL VILLAGES AND INNER CITIES.FORM 990, PART VI, LINE 11B - FORM 990 REVIEW PROCESSTHE INFORMATIONAL RETURN IS PREPARED BY AN OUTSIDE TAX ACCOUNTANT AND IS REVIEWED BYTHE BOARD CHAIR PRIOR TO FILING.FORM 990, PART VI, LINE 15A - COMPENSATION REVIEW & APPROVAL PROCESS - CEO & TOP MANAGEMENTGUIDELINES FOR ALL COMPENSATIONS FOR CEO, EXECUTIVE DIRECTOR, AND TOP MANAGEMENT ARELISTED IN DETAILS IN CRRS USA BYLAWS. ANY REVISIONS WERE DISCUSSED AND APPROVED INBOARD MEETINGS AND DOCUMENTED IN BOARD MEETING MIN
Activities or mission (Part I)
FORM 990, PART I, LINE 1 - ORGANIZATION MISSION OR SIGNIFICANT ACTIVITIESOUR VISION IS TO REGENERATE BOTH WESTERN AND CHINESE CULTURE BY EXCHANGING EACHOTHER'S NOBLE VALUES AND CLASSIC PHILOSOPHIES THROUGH ACADEMIC AND CULTURALMINISTRIES. WE ARE DEDICATED TO COMMUNITY SERVICES SUCH AS POVERTY RELIEF, CARING FORTHE UNDERPRIVILEGED AND THE SICK.OUR MAJOR ACTIVITIES INCLUDE PROVIDING EDUCATIONAL FUNDS FOR THE NEEDY STUDENTS INTHE RURAL VILLAGES AND INNER CITIES.FORM 990, PART III, LINE 1 - ORGANIZATION MISSIONOUR VISION IS TO REGENERATE BOTH WESTERN AND CHINESE CULTURE BY EXCHANGING EACHOTHER'S NOBLE VALUES AND CLASSIC PHILOSOPHIES THROUGH ACADEMIC AND CULTURALMINISTRIES. WE ARE DEDICATED TO COMMUNITY SERVICES SUCH AS POVERTY RELIEF, CARINGFOR THE UNDERPRIVILEGED AND THE SICK.OUR MAJOR ACTIVITIES INCLUDE PROVIDING EDUCATIONAL FUNDS FOR THE NEEDY STUDENTS INTHE RURAL VILLAGES AND INNER CITIES.FORM 990, PART VI, LINE 11B - FORM 990 REVIEW PROCESSTHE INFORMATIONAL RETURN IS PREPARED BY AN OU
-
STUDENT SCHOLARSHIPS-CHINA.
Expenses $29,368
-
CRRS USA TEAMS WITH CRRS TO SUPPORT PUBLICATION OF "CULTURAL CHINA" MAGAZINE FOR THE CHINESE UNIVERSITIES SCHOLARS.
Expenses $22,988
-
STUDENT SCHOLARSHIPS-USA.
Expenses $18,000
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Thomas In-Sing LeungTHOMAS IN-SING LEUNG
Director
- Total calculated
- $0
- Hours/week
- 3
-
Heidi ChengHEIDI CHENG
Treasurer
- Total calculated
- $0
- Hours/week
- 3
-
Vincent LawVINCENT LAW
Secretary
- Total calculated
- $0
- Hours/week
- 3
-
Cindy KwokCINDY KWOK
Chairperson
- Total calculated
- $0
- Hours/week
- 10
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
- 10 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402239349300800
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