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Nonprofiteer
← QUINCY ASIAN RESOURCES INC

Form 990 for tax year 2024

Filed by QUINCY ASIAN RESOURCES INC.

Totals

Total revenue
$4,105,422
Total expenses
$3,833,383
Contributions and grants received
$3,472,543
Grants paid
$0
Program service revenue
$930,067
Investment income
$17,638
Other revenue
-$314,826
Total assets, end of year
$3,152,934
Total liabilities, end of year
$860,565
Net assets or fund balances, end of year
$2,292,369
Program services expenses (Part IX)
$3,114,800
Management and general expenses
$394,351
Fundraising expenses
$324,232
Program service expenses (Part III)
$3,114,800

Program services were 81.3% 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.

  • 1e · Government grants (contributions)

    $1,546,980

  • 1f · All other contributions, gifts and grants

    $1,925,563

  • 2a · Program service revenue: CONTRACT SERVICE REVENUE

    total $930,067 · related or exempt $930,067

  • 3 · Investment income

    total $17,638 · excluded $17,638

  • 8a · Fundraising events: gross income

    $5,000

  • 8b · Fundraising events: direct expenses

    $324,232

  • 8c · Net income from fundraising events

    total -$319,232 · excluded -$319,232

  • 11a · Other revenue: MISC. INCOME

    total $4,406 · excluded $4,406

  • 11e · Other revenue, total

    $4,406

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $521,417 · program services $354,564 · management and general $101,995 · fundraising $64,858

  • 7 · Other salaries and wages

    total $1,098,088 · program services $746,702 · management and general $214,798 · fundraising $136,588

  • 9 · Other employee benefits

    total $170,095 · program services $146,487 · management and general $8,570 · fundraising $15,038

  • 10 · Payroll taxes

    total $130,910 · program services $96,273 · management and general $19,157 · fundraising $15,480

  • 11b · Fees: legal

    total $34,368 · program services $25,776 · management and general $3,437 · fundraising $5,155

  • 11c · Fees: accounting

    total $137,500 · program services $103,125 · management and general $13,750 · fundraising $20,625

  • 11g · Fees: other

    total $1,331,558 · program services $1,316,729 · management and general -$9,265 · fundraising $24,094

  • 13 · Office expenses

    total $125,992 · program services $85,778 · management and general $22,895 · fundraising $17,319

  • 16 · Occupancy

    total $105,584 · program services $81,295 · management and general $10,904 · fundraising $13,385

  • 17 · Travel

    total $60,141 · program services $49,800 · management and general $4,408 · fundraising $5,933

  • 22 · Depreciation, depletion and amortization

    total $12,554 · program services $9,415 · management and general $1,256 · fundraising $1,883

  • 23 · Insurance

    total $23,084 · program services $18,886 · management and general $1,678 · fundraising $2,520

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $74,530 · program services $74,299 · management and general $11 · fundraising $220

  • 24b · Other expenses: VEHICLE

    total $7,562 · program services $5,671 · management and general $757 · fundraising $1,134

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $753,379 · end of year $517,158

  • 2 · Savings and temporary cash investments

    beginning of year $685,919 · end of year $993,589

  • 3 · Pledges and grants receivable

    beginning of year $440,626 · end of year $735,025

  • 4 · Accounts receivable

    beginning of year $177,512 · end of year $75,911

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,234 · end of year $6,714

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

    $62,769

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

    $25,107

  • 10c · Land, buildings and equipment, net

    beginning of year $50,215 · end of year $37,662

  • 15 · Other assets

    beginning of year $782,067 · end of year $786,875

  • 17 · Accounts payable and accrued expenses

    beginning of year $408,549 · end of year $384,865

  • 25 · Other liabilities

    beginning of year $478,911 · end of year $475,700

  • 27 · Net assets without donor restrictions

    beginning of year $1,498,317 · end of year $1,689,605

  • 28 · Net assets with donor restrictions

    beginning of year $517,175 · end of year $602,764

Mission and programs · 2024

Mission

SEE SCHEDULE O.

Activities or mission (Part I)

TO FOSTER & IMPROVE THE SOCIAL, CULTURAL, ECONOMIC & CIVIC LIVES OF IMMIGRANTS & THEIR FAMILIES.

  • WORKFORCE DEVELOPMENT: QARI SERVES THE IMMIGRANT POPULATION (PRIMARILY ASIANS AND THOSE WITH LOW INCOME) RESIDING IN QUINCY AND THE SURROUNDING SOUTH SHORE. WHEN THE ASIAN POPULATION IN QUINCY BECAME THE LARGEST PER CAPITA IN THE STATE OF MA, FOLLOWED BY BOSTON AND MALDEN, THE NEEDS OF OUR SERVICES AND THE ORGANIZATIONAL STRATEGIES TO SUPPORT THE RAPIDLY GROWING POPULATION HAVE ALSO EVOLVED.

    Expenses $718,434 · Revenue $664,941

  • FAMILY & COMMUNITY SERVICES: QARI'S FAMILY & COMMNITY SERVICES TEAM PROVIDES INFORMATION AND REFERRAL (I&R) SERVICES TO CLIENTS IN ENGLISH, CANTONESE, MANDARIN, TAISHANESE, FUJIANESE, VIETNAMESE, PORTUGUESE, AND SPANISH TO ASSIST THEM WITH VARIOUS SERVICES ON TOPICS RANGING FROM HOUSING, ELDER SERVICES, HEALTHCARE AND PUBLIC HOUSING TO CHILD CARE, PATHWAYS TO HIGHER EDUCATION, AND CITIZENSHIP ASSISTANCE, CLIENTS RECEIVE ASSISTANCE LOCATING AND COMPLETING FORMS, TRANSLATING DOCUMENTS, AND FINDING RESOURCES.

    Expenses $1,646,119 · Revenue $102,094

  • ADULT EDUCATION PROGRAM: YEAR ROUND, OUR ADULT EDUCATION PROGRAM OFFERS COURSES TO STUDENTS IN THE MORNING AND EVENING TEACHING ENGLISH FOR SPEAKERS OF OTHER LANGUAGES (ESOL). IN THE ADULT EDUCATION PROGRAMS, IMMIGRANT STUDENTS IMPROVED THEIR ENGLISH AND OTHER SKILLS NEEDED TO THRIVE IN THE U.S. IN ADDITION TO ENGLISH SPEAKING SKILLS, STUDENTS HAVE PREPARED FOR THE WORKFORCE WITH TASKS LIKE JOB APPLICATIONS AND MOCK INTERVIEWS.

    Expenses $289,449 · Revenue $36,641

  • Expenses $460,798 · Revenue $126,391

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lily Hsu

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Dr Wan Wu

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5
  • Michael Mullin

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5
  • Maria Fruci

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5
  • Atif Adam

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Betty Cheng

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • David Chew

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Gary Chu

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Lily Chu

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Alison Marshall

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Trevor Williams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Kin Ho Chong

    PRESIDENT & CEO

    Total calculated
    $239,918
    From this org
    $239,918
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $239,918
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $239,918
  • Kevin Barry

    CFO

    Total calculated
    $11,540
    From this org
    $11,540
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5
  • Emily Canner

    COO

    Total calculated
    $148,123
    From this org
    $148,123
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5
  • Dottie Murphy

    CPO

    Total calculated
    $121,836
    From this org
    $121,836
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

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. 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

None.

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

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.

  • WUTABON INC

    C · DELIVERY SERVICE · MA · 100% owned · share of income $284,522 · share of assets $447,266 · controlled entity

    Directly controlled by QUINCY ASIAN RESOURCES INC

Provenance

Return type
form_990
Tax year
2024
Filed
5 May 2026
IRS schema version
2024v5.5
Source object
202601349349302050

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