Epoch Media Bay Area

Nonprofit profile at a glance

EIN
834650177
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-EZ 2021
Location
Santa Clara, CA, USA
Phone
6503361170
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Printing, Publishing

Reported finances

Revenue
$917,019
Expenses
$843,114
Assets
$209,589
Liabilities
$91,499

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • TANG ZHONG (PRESIDENT)

Highest reported compensation

  • KE BIAN (SECRETARY): $47,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The specific purpose of this corporation is to promote traditional journalism, culture, and arts. Our mission is to provide credible, quality news that is honest and unbiased, never slanting from the influence of outside interests. The corporation shall not be conducted or operated for profit and no part of the net earnings of the corporation shall inure to the benefit of any individual, nor shall any of the profits or assets of the corporation be used other than for the purposes of the corporation.

What it reported doing in 2024

Newspaper will be delivered to local supermarket, chinese community centers, restaurants, business offices, etc. Based on the report1 published on nov. 29, 2018 from hoover institution, most chinese-language media are under beijings control or possess a pro-beijing editorial stance. Chinas attempts to influence and infiltrate u.s. Society by providing misleading information from these chinese media in the us. According to the 2012 census estimates, there are over 600,000 chinese- american in san francisco bay area. It would be helpful for our organization to provide credible, quality news by printed newspaper and online to these chinese in san francisco bay area. It is no easy for new immigrants to adapt their new lives in the us due to language issue and unfamiliar environment. Our organization will provide living information, which covers a wide range of local events and issues from housing, education, career development to health. Epoch media bay area will play a critical role in building community through popular cultural events and outreach programs, which foster stronger ties between community groups and local residents, to address their specific needs. Epoch media bay area provides a bridge between chinese population and mainstream society.

Operating model

Revenue model
Earned-program. 98% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 90
  • Accountability: 74
  • Sustainability: 38
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.8%; rating input score 83
  • Program expense ratio: 90.1%; rating input score 90
  • 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: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 8.1%; rating input score 57; 57th percentile among comparable filings
  • Total-asset coverage ratio: 0.25; rating input score 12; 12th percentile among comparable filings
  • Liabilities to assets ratio: 0.44; rating input score 18; 18th percentile among comparable filings
  • Officer compensation ratio: 5.6%; rating input score 51; 51st percentile among comparable filings

Growth

  • Program expense growth: 5.1% per year; rating input score 100; 42nd percentile among comparable filings
  • Revenue growth: 29.3% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: 36.7% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 82.8% of revenue deployed · 90.1% of spending went to programs
  • Governance: 3 of 3 board members independent · 3 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $760K in reported program spending
  • Leadership: top reported pay $47K · 3 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 12/100.
  • Review — Sustainability: Operating margin scored 57/100.
  • High — Sustainability: Liabilities to assets ratio scored 18/100.
  • Review — Sustainability: Officer compensation ratio scored 51/100.