Chinese Chamber of Commerce of Los Angeles
Nonprofit profile at a glance
- EIN
- 953575748
- IRS 990 coverage
- 2013–2023
- Forms available
- Form 990 2023, Form 990-EZ 2020
- Location
- San Dimas, CA, USA
- Phone
- 6268934242
- Rating
- 35
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $81,182
- Expenses
- $26,688
- Assets
- $9,049
- Liabilities
- $205
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- ERIC HING (Vice President)
- WINSTON YOUNG (President)
People named in this filing
- CHESTER CHONG (CFO)
- JOANNE YOUNG (Secretary)
- EVAN JURGENSEN (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the organization is to promote and encourage the development of the chinese-american business community througout the greater los angeles area, to serve as an advocate of the chinese business community, to provide a forum for the chinese-american and great los angeles business community for discussion on issues relevant to both groups, and to promote cultural awareness to improve inter-ethic relations.
What it reported doing in 2023
The mission of the organization is to promote and encourage the development of the chinese-american business community througout the greater los angeles area, to serve as an advocate of the chinese business community, to provide a forum for the chinese-american and great los angeles business community for discussion on issues relevant to both groups, and to promote cultural awareness to improve interethic relations.
Operating model
- Revenue model
- Other-operating. 93% of the money available for current operations came from other operating revenue.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 7
- Transparency & Controls: 90
- Accountability: 0
- Sustainability: 58
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 4.5%; rating input score 4
- Program expense ratio: 13.7%; rating input score 14
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
- Governance controls: 0 of 7 controls in place; rating input score 0
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 67.1%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 0.34; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 25; 25th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: 40.9% per year; rating input score 100; 92nd percentile among comparable filings
- Revenue growth: -11.2% per year; rating input score 0; 31st percentile among comparable filings
- Asset growth: -18% per year; rating input score 0; 8th percentile among comparable filings
Details
- Where the money goes: 4.5% of revenue deployed · 13.7% of spending went to programs
- Governance: 0 of 18 board members independent · 0 of 7 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $0 · 18 people listed
- Consistency: 16 of 16 current checks pass
- Schedules: 2 filed schedules
- Filing history: 9 filing years from 2013 to 2023
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 4/100.
- High — Financial Efficiency: Program expense ratio scored 14/100.
- High — Accountability: Independent voting board scored 0/100.
- High — Accountability: Governance controls: 6 of 6 not reported.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 14/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 25/100.